Category: Techology Advancement

Facebook Announces Luxottica Deal, Unveils Plans for AR Glasses

by Lucille Avery on September 17, 2020 in Techology Advancement

At the virtual Facebook Connect conference, chief executive officer Mark Zuckerberg revealed that the company’s work with EssilorLuxottica is bearing fruit, with a highly wearable — and stylish — set of smart glasses planned next year.

The technology company revealed a multiyear partnership with Luxottica, with which it will build and release the first pair of Facebook smart glasses in 2021. Zuckerberg didn’t go into full product details, but described the effort as “the next step on the road to augmented-reality glasses,” an initiative dubbed “Project Aria.”

More from WWD

Facebook’s collaboration with the eyewear giant has been known for

What Oracle deal with ByteDance would mean for you if Trump administration approves it

by Lucille Avery on September 15, 2020 in Techology Advancement

ByteDance, the Chinese company that owns the popular video-sharing app TikTok, has tapped Oracle as its U.S. technology partner in a bid to keep its U.S. operations going.

So what does that mean for you?

“The impact of the Oracle deal on TikTok users is a difficult question to answer at this point since we don’t have a full picture of what Oracle’s role will be,” said eMarketer analyst Debra Aho Williamson. “The biggest concern that TikTok users have is that the app that they love will continue to exist. That is their ground zero. They love TikTok so much

Hitting the books: How China uses AI to influence its 1.4 billion citizens

by Lucille Avery on September 13, 2020 in Techology Advancement

Excerpted with permission from T-Minus AI: Humanity’s Countdown to Artificial Intelligence and the New Pursuit of Global Power (BenBella Books, 2020)

With the advance of twenty-first-century technology, the watchful eye of the Communist Party’s authority has become even more penetrating. Digital methods of censorship, surveillance, and social control have become unavoidable, integral parts of Chinese society. Those methods provide the Communist Party, which essentially is the state, with powerful eyes, ears, and influence over most aspects of its citizens’ lives.

Again, and as stated, I am not criticizing the Chinese people themselves, nor suggesting that China is entirely

5 Stocks in ETF Witnessing a Spike on the Nasdaq Rebound

by Lucille Avery on September 11, 2020 in Techology Advancement

After a three-day market rout, Wall Street rebounded in trading on Sep 9 as investors jumped in to buy beaten-down tech stocks. The move has pushed the tech-heavy Nasdaq 100 to log its best day since April. The stocks that had plunged the most in the market rout recovered the most.

Concerns about excess purchases of call options tied to the tech sector, delay in the late-stage trial of the leading COVID-19 vaccine from AstraZeneca Plc AZN, election uncertainty and a historically weak September month took a toll on the stocks. Though the combination of these factors will continue to

GM Shares Hit Six-Month High on Nikola Electric-Truck Deal

by Lucille Avery on September 9, 2020 in Techology Advancement

(Bloomberg) — General Motors Co. shares rose to a more than six-month high after it took a $2 billion equity stake in startup Nikola Corp. and agreed to manufacture a new electric-pickup model.

In a bid to diversify the Detroit-based automaker’s alternate-fuel vehicle strategy, GM will contribute technology and manufacturing in exchange for an 11% stake in Nikola and board seat, according to a statement Tuesday. GM is not committing any cash to the deal.

The partnership gives Nikola — which has yet to generate any meaningful revenue — an immediate boost of legitimacy and the industrial might of an