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BCV Landing on NASDAQ and Reuters Screens

NEW YORK, Jan. 30, 2019 /PRNewswire/ -- BCV is landing on NASDAQ and Reuters screens—the landmarks of Times Square in New York, at 11 am EST, Jan. 29, 2019. Through this, BCV is releasing the powerful voice of this era "Build new finance world and release the value of digital assets." In...

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Volkswagen kicks off EV awareness campaign

Volkswagen's Electrify America subsidiary has put out a commercial that aims to spread awareness of electric vehicles and how far the industry has progressed, Reuters reports. The ad is part of a $45 million public education initiative. "We're trying...

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Confusion reigns as Facebook briefly receives China business license

Facebook’s long-running effort to go into China got a boost this week after the U.S. company was handed a license to set up a subsidiary in the country. But quickly after news broke, the license was seemingly revoked. The incident started when Reuters spotted  a filing approved on China’s National Enterprise Credit Information Publicity System for a Facebook subsidiary that is registered in Hangzhou, the location of e-commerce giant Alibaba’s HQ. Records show the subsidiary is financed by $30 million in capital, with Facebook Hong Kong listed as the sole shareholder. As word of the filing began to spread following the Reuters report, references to the news were blocked on some social media platforms in China were blocked and the filing itself from removed from the system, as The New York Times reported . Facebook itself said in a statement that it intends to launch an innovation in Zhejiang, the province that counts Hangzhou as its capital, but the language used by the company suggests it hasn’t yet made progress on that plan. “We are interested in setting up an innovation hub in Zhejiang to support Chinese developers, innovators and start-ups. We have done this in several parts of the world — France, Brazil, India, Korea — and our efforts would be focused on training and workshops that help these developers and entrepreneurs to innovate and grow,” a Facebook representative told TechCrunch. So what happened? It’s hard to know with the Chinese government — and it certainly looks like Facebook is following developments as much as anyone else is. It’s well reported that CEO Mark Zuckerberg has a long-standing interest in entering China in some form — he has famously learned Mandarin and appeared at university events among other things — but exactly what that details has never been clear. Facebook the service remains blocked in China.

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Microsoft is developing its own cashierless store technology, says report

Amazon may be facing new competition from Microsoft on its cashierless, automated store technology, according to a new report from Reuters out this morning. The report claims Microsoft is in the process of developing its own systems for tracking what people place in their shopping carts, but doesn’t offer the details of how Microsoft’s technology operates, or how it may differ from others on the market. Presumably, it would be similar to existing systems, like Amazon’s. The Amazon Go convenience stores utilize a complex network of sensors on shelves, cameras, and A.I. to track what people pick up and place in their bag. Other startups are working on their own machine vision-powered checkout systems, as well, like Standard Cognition ,  AiFi , and AVA Retail , for example. The latter, along with half a dozen others, are already Microsoft partners building their own checkout-free services or related technology on Microsoft’s cloud. Microsoft also has an internal team of 10 to 15 working on retail store technologies within its Business AI group, including a computer vision specialist hired from Amazon Go, the report noted. The team has tested things like attaching cameras to shopping carts and using smartphones to pay in various ways. The focus of these efforts is not just to develop the new store technology itself, but also make it affordable for retailers, who tend to have small margins to work with. Microsoft has been talking to retailers about its efforts, and has shown off sample technology during these discussions, which have included Walmart. Neither company commented on Reuters’ report. If Microsoft were to take on Amazon in this space, it could give brick-and-mortar retailers a chance at fighting back as Amazon enters their own turf with its cashier-free stores and its grocery chain

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