Google Plans To Partner With Banks To Offer Checking Accounts

Google will soon offer checking accounts to consumers. The project, code-named Cache, is expected to launch next year with accounts run by Citigroup Inc. and a credit union at Stanford University, a tiny lender in Google’s backyard.

Big tech companies see financial services as a way to get closer to users and glean valuable data. Apple Inc. introduced a credit card this summer. Amazon.com Inc. has talked to banks about offering checking accounts. Facebook Inc. is working on a digital currency it hopes will upend global payments.



Forex Signals With Unbeatable Performance, Verified Forex Results And 5* Rated On Investing.com.



Their ambitions could challenge incumbent financial-services firms, which fear losing their primacy and customers. They are also likely to stoke a reaction in Washington, where regulators are already investigating whether large technology companies have too much clout.

The tie-ups between banking and technology have sometimes been fraught. Apple irked its credit-card partner, Goldman Sachs Group Inc., by running ads that said the card was “designed by Apple, not a bank.” Major financial companies dropped out of Facebook’s crypto project after a regulatory backlash.

Google’s approach seems designed to make allies, rather than enemies, in both camps. The financial institutions’ brands, not Google’s, will be front-and-center on the accounts, an executive told The Wall Street Journal. And Google will leave the financial plumbing and compliance to the banks—activities it couldn’t do without a license anyway.

“Our approach is going to be to partner deeply with banks and the financial system,” Google executive Caesar Sengupta said in an interview. “It may be the slightly longer path, but it’s more sustainable.”

Google is setting its sights fairly low. Checking accounts are a commoditized product, and people don’t switch very often. But they contain a treasure trove of information, including how much money people make, where they shop and what bills they pay.

The company will have to convince a public that is increasingly wary of how tech companies are using personal data that it can be trusted with people’s finances. Federal regulators are examining whether the user information Google gets from its search engine, home speakers, email service and other apps gives the company an unfair advantage over competitors.



Free Demo Trading Account

Trade Online Without Risk With a Free Demo Account: You Can Trade on Forex, Stocks, Indices, Commodities and Cryptocurrencies. TRY FOR FREE



Mr. Sengupta said Google wanted to bring value to consumers, banks and merchants, with services that could include loyalty programs, but it wouldn’t sell checking-account users’ financial data. The company said it doesn’t use Google Pay data for advertising purposes and doesn’t share that data with advertisers.

Fifty-eight percent of people recently surveyed by consulting firm McKinsey & Co. said they would trust financial products from Google. That was better than Apple and Facebook but worse than Amazon.

“If we can help more people do more stuff in a digital way online, it’s good for the internet and good for us,” Mr. Sengupta said. Mr. Sengupta said Google hadn’t decided whether the checking accounts would charge fees. Banks sometimes charge fees to some customers who carry smaller balances or don’t use their debit cards often.

Big banks already are facing competition from technology upstarts, especially among millennial, mobile-first customers. Money-transfer services Venmo and Cash App are rolling out debit cards. Chime Financial Inc. and Revolut Ltd. have scored billion-dollar valuations on the backs of their mobile-banking apps.

Google flirted with financial services in the past. In 2011, it launched Google Wallet, where users could digitally store their existing credit and debit cards to make purchases. In 2015, it explored ways to use email to pay bills.

It launched, then quickly shut down, a site where users could comparison-shop for insurance and credit cards. More recently it has focused on India, where mobile payments are growing quickly.



OVERNIGHT MILLIONAIRE MIND-HACKS SECRETLY USED BY THE RICH & FAMOUS …



Consumers would access their checking accounts through Google’s digital wallet, Google Pay. Alphabet Inc., Google’s parent company, has been trying to boost usage of the app, which launched in 2015 and competes with similar payment apps from Apple, Samsung Electronics Co. and Facebook, which this week introduced its own payments service across its apps.

Google Pay is on track to have 100 million users world-wide in 2020, up from 39 million in 2018, according to estimates from Juniper Research. Apple Pay had about 140 million users last year, according to the research firm.

Banks are trying to figure out when to work with tech companies and when to compete against them. Both Citigroup and Stanford Federal Credit Union, Google’s other partner on the Cache project, could bring in deposits and establish relationships with younger, tech-savvy savers who might one day need a mortgage or credit card.

Citigroup is one of the largest U.S. banks but has far fewer branches than rivals like JPMorgan Chase & Co. Instead, it is leaning on digital offerings to bring in deposits, a cheap source of funding that is crucial to how banks make money.

Anand Selva, who heads Citigroup’s U.S. consumer bank, said digital partnerships like the one with Google would let the bank grow beyond its bricks-and-mortar network. “We have to be where our customers are,” he said.

Mr. Sengupta, who moved from Delhi, India, to attend graduate school at Stanford in the late 1990s, said he opened his first bank account at the Stanford credit union and that many Google employees still bank there. Mr. Sengupta said Google was open to adding more banks in the future.




TODAY ›
NEWS ›
STOCK MARKETS ›
BUSINESS ›
ECONOMIC INDICATORS ›
COMMODITIES ›
INSIGHTS ›






 

First Trading Day Of August: U.S. Stock Futures Pause Following Fed Rate Cut


The Fed cut interest rates by 25 basis points on Wednesday — its first cut in more than a decade — citing “global developments” along with “muted inflation” as reasons for easing monetary conditions.

However, Chairman Jerome Powell told reporters in a news conference following the Federal Open Market Committee’s rate decision that the central bank’s rate cut was a “midcycle adjustment,” hinting that further rate cuts later this year were not a sure thing.

That comment led to a 333-point drop on the Dow, its biggest one-day drop since May 31. The S&P 500 and Nasdaq dropped 1.1% and 1.2%, respectively, to end July.

“It was always going to be a tough job for the Fed to be as dovish as stock markets hoped,” Chris Beauchamp, chief market analyst at online trading firm IG, wrote in a note. “The sense of disappointment was almost inevitable.”


Best Online Trading Platform. Start Trading Now or Try a FREE Demo Account.


In off-hours trading, shares in chip maker Qualcomm fell 7% after it reported its earnings Wednesday and cut its full-year forecast for global smartphone sales. Prudential Financial ’s shares dropped 5.2% after the company posted a slight increase in adjusted operating earnings.

General Motors ’s shares rose 2.9% after the car maker reported second-quarter results that beat expectations. Shares in Verizon Communications rose 1.7% premarket after the company said it added more wireless customers than some analysts expected in its second quarter.

Siemens’s shares fell 4.7% after the German industrial giant reported a drop in its quarterly profit and said a weakening global economic environment was hurting its key industrial businesses.


How A 28-Year-Old Got Fired Then Built A $500K-A-Month Business While Traveling The World …


Royal Dutch Shell ’s shares slid 5.5% after the energy giant said its profit fell. The company cited lower oil and gas prices and weaker refining margins, outweighing a rise in production.

In Asia, both China’s benchmark Shanghai Composite Index and Hong Kong’s Hang Seng fell 0.8%. The latest round of U.S.-China trade talks concluded Wednesday without any compromise, though both sides described the talks as constructive. The next round will be held in September.

U.S. stocks fell Wednesday after Fed Chairman Jerome Powell disappointed investors when he rolled back expectations for future interest-rate cuts…

The 10-year U.S. Treasury yield edged down Thursday to 2.020%, from 2.034% Wednesday. Yields rise when bond prices fall. The WSJ Dollar Index, which measures the currency against a basket of its peers, climbed 0.2%.

s1111

In commodities, global benchmark Brent crude fell 1.3% to $64.23 a barrel. Gold dropped 1.5%. The British pound was down 0.4% against the dollar on Wednesday, hovering near historic lows. The Bank of England on Wednesday left interest rates unchanged.

The real worry is the strength of the pound,” Kerstin Braun, president of international trade-finance firm Stenn, said in a note. “Regardless of the Bank of England’s actions, there will still be a downward pressure on sterling.”


Best Online Trading Platform For Beginners And Professional Traders. Shares, Indices, Forex and Cryptocurrencies. Start Trading Now or Try a FREE Demo Account.


A lower pound rate will benefit U.K. exporters, but the bigger impact across the board is likely to be in raised prices for consumers on imported items such as food and fuel, Dr. Braun said. Data on U.S. manufacturing are also expected Thursday.

Oil Gains As Gulf Tanker Seizure Raises Tensions


Stock Market News Today… Oil prices rose on Monday on concerns that Iran’s seizure of a British tanker last week may lead to supply disruptions in the Middle East Gulf, although gains were capped as Libya resumed output at its largest oil field.


Brent crude futures climbed 88 cents, or 1.4%, to $63.35 a barrel by 07:07 GMT.

West Texas Intermediate (WTI) crude futures were up 58 cents, or 1%, at $56.21 a barrel.

WTI fell over 7% and Brent fell more than 6% last week.


“Falling global demand and rising U.S. stockpiles have helped turn oil charts very bearish, but that may not last as tensions remain high in the Persian Gulf,” Edward Moya, senior market analyst at OANDA in New York, said in a note.

Best Online Trading Platform For Beginners And Professional Traders. Shares, Indices, Forex and Cryptocurrencies. Start Trading Now or Try a FREE Demo Account.

Iran’s Revolutionary Guards said on Friday they had captured a British-flagged oil tanker in the Gulf in response to Britain’s seizure of an Iranian tanker earlier this month.

The move has increased the fear of potential supply disruptions in the Strait of Hormuz at the mouth of Gulf, through which flows about one-fifth of the world’s oil supplies.

cr-news

Britain was weighing its next moves on Sunday, with few good options apparent as a recording emerged showing that the Iranian military defied a British warship when it boarded and seized the ship.

Meanwhile, a senior United States administration official said on Friday the U.S. will destroy any Iranian drones that fly too close to its ships, a day after the U.S. said one of its navy ships had “destroyed” an Iranian drone in the Strait of Hormuz. Iran said it had no information about losing a drone.

INSIGHTS ›

Crude oil supply outages and curbs also helped lift prices higher. “Oil prices got a small boost this morning after Libya’s (NOC) declared force majeure on Sharara crude loaded at Zawiya port,” said Stephen Innes, managing partner at Vanguard Markets.

The Sharara oilfield resumed production at half capacity on Monday after being shut down since Friday, which caused an output loss of about 290,000 barrels per day (bpd).

>>> Get Paid For Your Opinions! Real Survey Jobs <<<

Meanwhile, data late last week showed shipments of crude oil from Saudi Arabia, the world’s top oil exporter, fell to a 1-1/2 year low in May.

Speculative money is flowing back into the oil markets in response to the escalating dispute between Iran and the United States and other western nations playing out in the Gulf waters along with the signs of falling supply.

Hedge funds and other money managers raised their combined futures and option’s positions on U.S. crude for a second week and increased their positions in Brent crude as well, according to data from the U.S. Commodity Futures Trading Commission and the Intercontinental Exchange.

Goldman Sachs (NYSE:GS) on Sunday lowered its year-on-year oil demand forecast for 2019 to 1.275 million bpd, citing disappointing global economic activity.


Start Trading Now or Try a FREE Demo Account.


The forecast was still above the consensus of about 1.05 million bpd for 2019, it said, adding that “we see increasing scope for oil demand to finally start exceeding beaten-down expectations.”

What To Expect From Google Earnings?


(GOOGL) Google, has posted less than brilliant performance this year, its stock drastically underperforming its fellow FAANGs and the S&P 500. That disappointing performance reflects major headwinds facing the company that investors will focus intently on when it reports earnings later this month.


Google Shooter – The Easiest Way To Make Money Online


Those headwinds include slowing revenue growth, and the financial disruption that could be caused if the U.S. government attempts to break up Alphabet. Some analysts say the company would be worth 50% more broken up.



To be sure, Alphabet‘s earnings picture looks robust in the short term. Analysts expect Google to post earnings per share of $11.25 for the quarter ending June, compared to year-ago EPS at $4.54.

Investors’ big concern is signs of a possible longterm decline in revenue growth. For starters, in 1Q ending March, Alphabet reported weaker-than-expected results in which revenue slowed to 15.3% year-over-year, a sharply slower pace than 19.9% growth in Q4 and also below 24.4% growth in the Q1 of 2018, per the Wall Street Journal.

For Q2, analysts’ estimate revenue will rise 16.9%, according to analysts surveyed by Yahoo Finance. While that’s slightly faster than Q1, it’s still far slower than Alphabet’s historic growth rates.

What Investors Will be Looking For… A focal point for investors, when Google reports on July 25, will be how soft revenue growth will be in the June quarter. Any downshift that’s much steeper than consensus estimates will provide ammunition for bears who see Google’s sales slump as reflecting a systemic issue for the company, per Barron’s.


Best Online Trading Platform For Beginners And Professional Traders. Shares, Indices, Forex and Cryptocurrencies. Start Trading Now or Try a FREE Demo Account.


Evercore ISI analyst Kevin Rippey recommends asking key questions such as, what is driving the slowdown, whether it was organic or self-inflicted, if there is a historical precedent for reaccelerating revenue growth, and if anything in the pipeline can act as a positive catalyst. Rippey views slowing sales as reflecting a temporary platform cleanup during which Google removed players participating in ad fraud in an effort to improve the long-term health of its business.

Even with that optimistic view, investors will be watching closely for evidence that Google’s core ad revenue business is slowing with the economy or from inroads from rivals such as Snap Inc. (SNAP), Twitter Inc. (TWTR), and others. A material softening in demand for search advertising would be a severe headwind as it ramps up several new products to boost sales.


forbes

Forbes: How A 28-Year-Old Got Fired Then Built A $500K-A-Month Business While Traveling The World


These new ad initiatives have spurred some bulls to lift their forecasts. Google has “among the best ad product pipelines we have seen” in at least four years, says Deutsche Bank analyst Lloyd Walmsley, per Barron’s. “We see an accelerating pace of new ad product making us meaningfully more confident in the 2020 outlook,” he added.

Looking Ahead… Google’s video platform YouTube also will be a focal point of investors as Alphabet reports. Specifically, shareholders will want to know how much rising criticism of YouTube from politicians could lead to oversight.

That, of course, would pale next to a U.S. antitrust lawsuit. On that topic, investors will seek any insight they can from Alphabet’s executive team regarding how they plan to manage the company for growth, and minimize any damage, during a protracted battle with the federal government.


Google Shooter – The Easiest Way To Make Money Online


 

Google’s Enemies Are Readying Documents And Data In Anticipation Of Meetings With The Justice Department


As U.S. officials prepare an antitrust probe of Alphabet Inc.’s Google and possibly other Silicon Valley giants, a loose-knit crew of its rivals is gearing up to help. In industries from news to travel to online shopping, competitors of Google are readying documents and data in anticipation of meetings with the Justice Department, according to industry representatives.


Best Online Trading Platform For Beginners And Professional Traders. Shares, Indices, Forex and Cryptocurrencies. Start Trading Now or Try a FREE Demo Account.


Many of these companies have long argued that Big Tech platforms illegally abuse their market power. In recent years some of them have found a receptive audience in Europe, where authorities have thrice fined Google for alleged monopolistic practices. Google has paid the fines but is challenging them in court.

Now rivals are stepping up their advocacy in the U.S., where antitrust enforcers recently divvied up the job of examining antitrust concerns at large tech platforms, with the Justice Department preparing a Google probe. The Wall Street Journal reported on the potential probes by the department and the Federal Trade Commission earlier this month, citing people familiar with the matter.

Antitrust lawyers say any probe could take years to complete. Battle lines are already forming. Google is preparing its own data and arguments, the Journal has reported. It also recently overhauled its Washington lobbying operation with an eye toward amplifying the message that its products promote competition and benefit consumers.


goog


Google has successfully navigated U.S. regulatory scrutiny of several previous mergers. In 2012 and early 2013, it persuaded the FTC not to pursue a possible antitrust case by agreeing to change some business practices. A Google spokeswoman declined to comment.

The stable of Google critics includes TripAdvisor Inc. and Yelp Inc., which accuse the search giant of unfairly favoring its own content.

Oracle Corp. , which has a long-pending copyright case against Google, has briefed European antitrust regulators about Google’s use of data to target ads and was part of a successful coalition of plaintiffs against Google’s alleged anticompetitive behavior in its Android operating system for smartphones, which led to a record fine issued by the European Commission last year, of €4.3 billion.


Finally! How To Become A Money-Making Life Coach From Home (Using An Internationally-Recognized Certification Program Built On An $8 Million+ Business Blueprint)…


News Corp, which owns The Wall Street Journal, and other publishers say Google and other tech platforms siphon ad revenue away from content creators.

All these companies say they would welcome further antitrust scrutiny. They and others are expected to seek out Justice Department officials as they prepare a Google probe, according to industry executives and antitrust lawyers. Still more firms haven’t criticized Google publicly, but privately stand ready to provide information to U.S. authorities about practices they view as potentially anticompetitive, according to industry representatives.

“There is a lot more concern that you hear behind closed doors,” said Jason Kint, chief executive of Digital Content Next, a trade association for online publishers that has argued online tech platforms are harming competition and consumers.

“Cautious and quiet optimism,” is how Mr. Kint described his members’ mood upon hearing the news of the potential Justice Department probe.

Private testimony was key in the FTC’s previous probe of Google, when competitors such as Microsoft Corp. provided regulators information on Google’s business practices, according to an internal FTC report from 2012. A Microsoft spokeswoman said the firm hasn’t filed a formal antitrust complaint with U.S. regulators and declined to comment further.


Best Online Trading Platform For Beginners And Professional Traders. Shares, Indices, Forex and Cryptocurrencies. Start Trading Now or Try a FREE Demo Account.


Last month a veteran of the online advertising industry—which Google leads, but where rivals don’t typically criticize it publicly—told the Senate Judiciary Committee that policy makers should consider breaking up tech giants.

EU Lawmakers Approve Copyright Reforms

European lawmakers have approved sweeping copyright reforms that could have far-reaching consequences for the business models of tech giants like Google and Facebook.


Trade Alphabet – GOOG – Google’s parent company and other subsidiaries in the technology, life science, investment capital and research industries.


The law is aimed at bringing the EU’s rules on copyright into the 21st century to help artists and publishers whose works have been widely dispersed on the internet.

A first reading of the new copyright directive was passed Tuesday in Strasbourg by lawmakers at the European Parliament. But it still needs to be ratified by ministers at the Council of Europe — this is the institution that brings together the different EU ministers according to their portfolios. The planned reforms, which have been in the making since 2016, have led to a heated battle that pits large tech companies including Facebook, Google and Twitter against artists and media firms.

Google has been particularly critical of the law, which threatens to impact the business model of its video sharing service YouTube and news aggregation platform Google News. Following the vote in the European Parliament, the tech giant said the new law has seen improvement from an original draft, but will still lead to legal uncertainty and hurt the creative industries.

“The details matter, and we look forward to working with policy makers, publishers, creators and rights holders as EU member states move to implement these new rules,” a spokesperson for the company told CNBC. Facebook and Twitter declined to comment. One section of the law could result in the implementation of pre-filtering systems that block internet users from sharing memes and other content containing copyright-protected material.


LEARN HOW TO MAKE $125 PER DAY SENDING SIMPLE EMAILS! … FREE REPORT REVEALS EVERYTHING INCLUDING HOW TO START TODAY FOR FREE


Another part of the copyright overhaul would require news aggregation services like Google’s to negotiate commercial licenses with publishers in order to post snippets or links to articles.

Alphabet Inc. revenue grew 22% year over year to $39.3 billion, beating Wall Street’s forecasts. But, as is often the case, what Google spends sometimes overshadows what it makes


Today’s Stock Market News


This slideshow requires JavaScript.


Alphabet Inc. Reported Strong Fourth-Quarter Results


By Mark Tlisold | StockMarketNews.Today | Mark137Tlisold@gmail.com 

Alphabet Inc., parent company of the Internet search giant, reported mostly strong fourth-quarter results Monday afternoon. Revenue grew 22% year over year to $39.3 billion, beating Wall Street’s forecasts.

Google-Alphabet-subcompanies-news
Alphabet Inc. Reported Strong Fourth-Quarter Results

That was driven by yet another quarter of 20% growth for the company’s colossal advertising business, which now generates more than $116 billion in revenue annually.

Smaller ventures that include the Google Cloud platform and the device business also are doing well. Revenue for the “Google Other” segment that includes the last two surged 38% to nearly $6.5 billion for the quarter.

But, as is often the case, what Google spends sometimes overshadows what it makes. Its research-and-development bill climbed 40% year over year to a record $6 billion in the quarter.


Trading Simulator. Start Trading, Risk Free With $50,000 In Virtual Cash
Start With $50,000 In Virtual Cash And Put Your Trading Skills To The Test.


Another record was set by capital expenditures, which surged by 64% to $7.1 billion. The latter is nearly twice Microsoft’s outlay for the period. Those sharp jumps weighed on Alphabet’s operating earnings and free cash flow, both of which came in slightly shy of Wall Street’s forecasts, pressuring its shares after-hours.

Alphabet’s spending has long been a legitimate point of concern for investors. It bears noting, though, that the recent big-ticket items are the result of a conscious effort to diversify the business away from its historical dependence on advertising.

Meanwhile, other important items seem to be coming under control. Google’s traffic acquisition costs grew only 15% year over year, lagging behind ad-revenue growth for the first time in nearly three years.

Chief Financial Officer Ruth Porat also said on Monday’s call that capital expenditures are expected to “moderate quite significantly” this year.



 

Alphabet Inc.’s Google has developed artificial intelligence that can detect a condition that causes blindness in diabetic patients


Stock Market News Today



Google AI Can Detect a Condition That Causes Blindness in Diabetes Patients


Alphabet Inc.’s Google has developed artificial intelligence that can detect a condition that causes blindness in diabetic patients, though tests in India demonstrate the challenges of transferring such technology from the lab to the doctor’s office.

The tech giant’s Automated Retinal Disease Assessment tool is trained to diagnose diabetic retinopathy, a complication of diabetes, by reading images of patients’ retinas. Studies show that the artificial intelligence can be as effective as a doctor at identifying symptoms.


⇑⇓ Start Trading ⇓⇑ – CFD Service. 80.6% lose money


Google is testing ARDA in India where at least 60 million people have diabetes and often don’t know they should be screened for the eye condition. A shortage of ophthalmologists means reaching patients is difficult, and doctors say the technology could help to fill the gap.

google-ai-news
Today’s Stock Market News

Google is the latest tech firm to explore using AI in health care. Amazon.com Inc., International Business Machines Corp. and UnitedHealth Group Inc. sell software that mines patients’ records, and IBM developed AI that detects melanoma on images of skin.

By using technology similar to algorithms that recognize people or dogs in photos, ARDA detects signs of the illness—lesions, burst blood vessels and patches of yellow on the retina—and grades their severity.

“This is a technology that can make a really big difference,” said Lily Peng, a Google product manager and trained medical doctor who helps lead the team developing ARDA at the company’s California offices.

While ARDA is effective working with sample data, according to three studies including one published in the Journal of the American Medical Association, a recent visit to a hospital in India where it is being tested showed it can struggle with images taken in field clinics. Often they are of such poor quality that the Google tool stops short of producing a diagnosis—an obstacle that ARDA researchers are trying to overcome.



The stakes are high. If diabetic retinopathy is caught early it can be kept at bay through monitoring and management of the diabetes, said R. Kim, an Indian ophthalmologist who runs the Aravind Eye Hospital in Madurai, Tamil Nadu, where Google is testing ARDA. More advanced stages need laser surgery that can stop progression. If it isn’t treated, the condition can cause blindness.

For Google, diabetic retinopathy was an ideal case study because experts agree on its symptoms. With skyrocketing rates of diabetes, India provided the right testing ground. As incomes have grown, so have citizens’ waistlines. The prevalence of the condition in India increased 64% from 1990 to 2016, according to government data.

“I am not proud to say, but India is becoming the diabetic capital of the world,” Dr. Kim said. Yet the country has just 11 ophthalmologists for every million people, compared with 59 in the U.S., according to the International Council of Ophthalmologists. Training the number needed is “a race you can’t win,” he said.

In many cases, diabetic patients in India visit a doctor only when they have already lost some vision, Dr. Kim said. He hopes ARDA will reach more patients through doctors’ offices or pharmacies, pre-empting the need for his ophthalmologists to run screening camps in rural areas.

To create ARDA, Dr. Peng’s team obtained more than 1.6 million images of retinas that were each evaluated by ophthalmologists. Google used those graded images to train the algorithm. Now the team is grappling with how to make it work with low-quality images produced by the sort of equipment affordable in developing countries such as India.

On a November day in a telemedicine center at Dr. Kim’s hospital, ophthalmologists wearing headsets waited for 73 local eye clinics to connect patients in rural areas via webcam. Ophthalmologist Anusha Arunachalan got a call from a clinic an hour from Madurai. A 39-year-old diabetic homemaker was having trouble seeing.

Six images sent by a clinic technician showed the patient’s retinas covered by pools of blood. Dr. Arunachalan diagnosed proliferative diabetic retinopathy—an advanced stage of the condition. Then Google gave it a try. It graded two of the six images as proliferative—though one was deemed of poor quality—and two others as severe. The tool was unable to grade two of the photos accurately because they were unclear.

While Dr. Arunchalan said it also was hard for her to read some of the images, “One [clear] image is enough for me. I don’t need three images” for each eye to make a diagnosis, she said.

Doctors at the telemedicine center said they often look at the clear parts of faulty images to make a diagnosis, while the algorithm sometimes can’t.
It isn’t a unique problem, said John Quackenbush, professor of computational biology at the Harvard T.H. Chan School of Public Health. Algorithms can be trained on sample images but real-world photos can be different.

“I don’t think it is insurmountable,” he said, on hearing about Google’s challenges. Google is also testing the algorithm with another partner in India and one in Thailand and is working on making ARDA work with different-quality images, Dr. Peng said. But the challenge is also ethical.



If Google allowed the algorithm to make a diagnosis from blurred images, it could miss small lesions that appear in the early stages of the condition, she said. Google must decide how bad an image can be before ARDA refuses to grade it.

“It’s a trade-off. We want them to be able to use cameras that are a little harder to use but at some point it should move into something where it is ungradable,” Dr. Peng said. Nonetheless, when ARDA gets a good image, it can identify early signs of the condition that doctors may have missed, Dr. Kim said.


Trading Simulator. Free Demo.


Whereas ARDA does it in seconds, a human can take three minutes to grade an image plus the time taken to open it on a computer, Dr. Kim said. A busy doctor, he said, could very well miss tiny red lesions in a patient’s eye. By Corinne Abrams |wsj.com

Alphabet’s self-driving car unit could book $114 billion in revenue in 2030, according to a base-case estimate from investment bank UBS


Stock Market News Today

This slideshow requires JavaScript.


• On the heels of Waymo’s commercial launch on Wednesday, investment bank UBS estimates that Alphabet’s self-driving car unit will reel in $114 billion in revenue in 2030.

•Waymo could monetize not only its taxi service, but also the eyeballs of riders, through entertainment or advertising, while also licensing its maps or autonomous vehicle operating system.

•UBS pegs Waymo’s value at between $25 billion and $135 billion.

Waymo‘s first commercial pilot may be small, but Wall Street has big projections for the company’s financial future. Alphabet‘s self-driving car unit could book $114 billion in revenue in 2030, according to a base-case estimate from investment bank UBS.

In its self-driving taxi test in the suburbs around Phoenix, Waymo will charge a small number of people fares competitive with rides Lyft and Uber.

But as Waymo adds more cars and locations, it could also license its maps and an autonomous vehicle operating system to other service or car-markers, or monetize the eyeballs of riders through entertainment or advertising, UBS analyst Eric Sheridan writes in a note to clients on Thursday.

To put that $114 billion into perspective, Intel released a study in June of last year that projected that the self-driving space would generate $800 billion in cumulative revenue by 2035.

UBS’s estimate only included Waymo‘s revenue from robotaxi-related services, though Sheridan believes it has opportunities in logistics and commercial delivery as well.


Startup Evolution Curve From Idea to Profitable and Scalable Business: Startup Marketing Manual


Aside from Waymo, a host of other tech and auto companies are racing to launch their own self-driving taxi services, including GM’s Cruise and Uber.

While Waymo’s technology is widely seen as the most advanced, as highlighted by its Wednesday launch, there are still a host of regulatory and safety concerns on the table.

Waymo’s pilot will still include safety drivers to supervise rides, for example, at least initially. Overall, UBS pegs Waymo’s total value between $25 and $135 billion, with a base case valuation of $75 billion.

Morgan Stanley valued Waymo at $45 billion in August, with the potential to grow to $175 billion.



 

Google will verify the identities of people placing political adverts through its services around the time of the European Parliament elections in May 2019


Stock Market News



 


The Financial Times reported that the search engine will verify the identity and nationality of people paying to promote candidates who hope to become members of the European Parliament next year.

The new vetting steps for political adverts come as large technology businesses including Google and Facebook have come under criticism for their role in allowing Russian election meddling and fake news stories to spread online.


Join Amazon Prime – Watch Thousands of Movies & TV Shows Anytime – Start Free Trial Now


Google previously launched a vetting procedure for political ads placed around the time of the midterm elections in the US. The scheme to vet the European Parliament elections is the first time that Google has used the system outside of the US.


.alpha


A public database of political adverts will be maintained by Google which will allow people to view the online adverts, as well as information on who paid for them, the amount spent, and how many people they reached.


try

Try Amazon Prime 30-Day Free Trial

There’s something for everyone with Prime!. Amazon Prime is a paid subscription service offered by Amazon that gives users access to free two-day delivery (one-day in some areas), streaming music and video, and other benefits for a monthly or yearly fee.


Facebook has developed a similar vetting system for online political ads but delayed its planned launch after problems with the scheme were exposed.

Publications including Vice News and Business Insider were able to place political adverts which included false information about who had paid for the ads. False backers including “Islamic State” and “Cambridge Analytica” were approved by Facebook’s vetting system.

View photos.“We have learnt that some people may try to game the disclaimer system by entering inaccurate details and have been working to improve our review process to detect and prevent this kind of abuse,” a Facebook spokesman said.



 

Dropshipping a Beginner’s Guide to Dropshipping: How to Make Money Online and Build Your Own Online Business (passive income, financial freedom, money, investing, make money fast Book) 


“Once we have strengthened our process for ensuring the accuracy of disclaimers, we will be introducing enforcement systems to identify political advertisers and require them to go through the authorisation process,” he added.

Google might be uniquely qualified to make the struggling Snap profitable – if it’s willing to take on all the risks involved.

Stock Market News Today
2018/09/15



Snap Inc Stock News


(SNAP) sports a market cap of about $11.7 billion, and an enterprise value (market cap plus debt minus cash) of $10.2 billion. That’s quite a fall for a company that was valued at around $20 billion in pre-IPO funding rounds, and saw shares change hands at $30 billion-plus valuations on its first day of trading in March 2017.

The runaway success of Instagram Stories, and to some degree other Facebook attempts to launch rival/copycat services, have contributed to flattening daily active user DAU growth for Snap. So have a much-criticized redesign that Snap has been backtracking from, and ongoing struggles when it comes to winning over older consumers in its core North American and European markets. Meanwhile, Snap’s lack of scale relative to Facebook and Alphabet/Google has weighed on its ad sales, as has a relative dearth of user data that can be leveraged for ad targeting. And the company’s giant cloud hosting payments to Google and Amazon.com, partly the result of Snap’s need to support massive amounts of consumer and publisher video, have led cash burn to remain substantial in spite of Snap’s recent cost-cutting efforts.

This is a daunting set of challenges, and they collectively make investing in Snap a risky proposition even at current levels. On the other hand, should Google, which reportedly offered $30 billion or more for Snap back in early 2016 and invested in the company when it was privately owned, decide that Snap’s plunge presents a good opportunity to get the company at a discount, it has the resources to partly or fully address many of these challenges. If Google bought Snap, it could improve the company’s margin and cash-flow profile overnight by hosting all of Snap’s services on its highly efficient data center infrastructure at cost today, it helps host them while collecting a margin. It could also use its ad resources, from its user data to its targeting and measurement tools to its relationships with legions of YouTube video advertisers, to improve Snapchat monetization.

Moreover, Google could potentially improve user growth by bundling the Snapchat app with Google’s version of Android, much as it bundles various Google apps today. In addition, just as it does for YouTube today, Google could boost user growth by promoting Snapchat’s services in overseas markets where Snapchat has been reluctant to promote itself due to the fact that consumers in these markets are often tougher to monetize.

There might also be some potential for Google to cross-promote Snapchat Stories to both YouTube users and creators. By and large, YouTube is still a platform for viewing horizontal rather than vertical videos, and thanks largely to the explosive growth of various “Stories” products the vertical video consumption on smartphones has blown up in recent years. Certainly, Snap’s current user growth and bottom-line pressures could still act as deterrents for Google. If Google isn’t confident that Snap’s user won’t wither as Facebook’s attacks continue, it might not be interested in buying the company regardless of how much it was willing to pay in early 2016, before Instagram Stories launched.

Still, it’s worth noting that Snap’s core base of younger U.S. and European consumers — a demographic coveted by many advertisers — has remained fairly loyal to the platform even as many of those users have embraced Instagram Stories. While Snap’s DAUs fell by three million sequentially in Q2 to 188 million Snap blamed the redesign, they were up by 15 million annually. And CEO Evan Spiegel asserted that time spent per DAU remained above 30 minutes. For Google, which has long coveted a stronger social media presence anyone remember Google+?, all of that could make Snap a tempting target. In addition, though its infrastructure and digital advertising resources aren’t as formidable as Google’s, perhaps Snap’s attractive user base and engagement levels are enough to get a media giant such as Disney (DIS – Get Report) , which cares quite a lot about its reach with younger consumers, to kick the tires some.

It’s definitely hard to justify investing in Snap, whose long-term outlook as an independent company remains pretty cloudy, on buyout hopes alone. On the flip side, the potential for Google, or maybe another tech or media giant, to explore a bid for Snap shouldn’t be overlooked by those who have shorted the stock and now have large paper profits on their hands.