Japanese self driving car maker ZMP receives approval for going public



Japanese robotics startup ZMP Inc has received approval to list in Tokyo next month in an initial public offering worth up to $82 million, as it seeks funds to speed up its development of autonomous driving technology. ZMP will sell about 3.5 million new shares and 6.6 million existing shares in the IPO, according to a regulatory filing to the Japanese finance ministry.

At the indicative price of 760 yen per share and including an overallotment arrangement in the event of strong demand, ZMP will sell about 8.8 billion yen of stock ($82 million). Self-driving technology has grabbed the spotlight as major tech and car companies, such as Google parent Alphabet Inc, Tesla Motors and General Motors Corp, move into the field.

ZMP, founded in Tokyo in 2001, said in its prospectus it would use the funds for research and development to strengthen its self-driving technology as well as fund affiliate Robot Taxi. ZMP will begin trading Dec. 19 on the Tokyo Stock Exchange’s Mothers Market for startups.

ZMP products include aftermarket kits for car automation, including a RoboCar platform and an onboard computer for self driving cars. The CarriRo is a robot for use in warehouses, for logistics operations. ZMP has on offer image processing software, as well as a RoboVision camera system that can be mounted on cars.

SMBC Nikko Securities is lead-managing the deal.

Pregnant woman in Sydney suffers second degree burns because of charging iPhone 7



A pregnant woman in western Sydney went to sleep with an iPhone 7 charging on her arm, and woke up to second degree burns on her hand. On visiting the doctor, she was advised a visit to the hospital. Apple has sent the phone for testing by a senior technician in California. Apple has confirmed to News.com.au that it is investigating the matter with Pelaez.

Apple also offered Ms Tan Pelaez a replacement iPhone, but she did not want it as she had lost faith in the company. Pelaez has been a long time Apple user and has not previously faced any problems with products by the company.



I recently purchased an #Apple #iPhone7 and accidentally fell asleep with my arm on my phone whilst it was charging. I was woken up by sudden pain, pins and needles, numbness and shortness of breath.

This is a picture of the result of sleeping with my phone whilst charging. PLEASE be careful...

On returning the phone, Apple executives had said that the source of the burn injuries could not have been the phone as the phone was designed to cut off power on overcharging. Pelaez has visited the emergency room in the hospital twice because of the burns, and is exploring the option of plastic surgery to fix the scarring.

This is the second such incident from Sydney, Australia in recent memory. A biker had to punch the phone off his leg after the device burst into flames following a fall. An Apple iPhone 7 had reportedly exploded in China three days ago, after a 50 centimetre fall. For those fearing a repeat of the Samsung Galaxy Note 7 Fiasco, there were reports of over 30 Note 7 devices exploding over a course of a week.

How to verify the authenticity of the new Rs 500 and Rs 2000 currency notes



With several complaints and rumours about “fake new notes” of Rs 2,000 denomination, there is some wariness among the people as the notes come into wider circulation. Notes of Rs 500 denomination would be circulated soon by banks. However, the new notes not only have several security features difficult to counterfeit, there are many ways the users can verify if the notes are genuine.

The touch and feel of the notes can be used for this. The seven “bleed lines” on the side of the Rs 2,000 notes, and five lines on Rs 500 notes are in raised printing or intaglio. The security thread in both the notes changes colour from green to blue at different angles. Also, the numeral 500 and 2,000 on the right side also change colour when seen at different angles.


These can be easily identified by any user and are very hard to counterfeit, according to experts. The new notes have changed colours. While the Rs 2,000 note’s paper is in magenta, the Rs 500 note is in stone gray. The Rs 2,000 note is part of the Mahatma Gandhi (New) series, with a motif of Mars orbiter Mangalyaan on the reverse. Size is 66mm x 166 mm.

Other features of the new Rs 2,000 note are as follows:
Front side features
  •  See through register where the numeral 2,000 can be seen when note is held up against light
  •  Latent image of 2,000 can be seen when the note is tilted
  •  Colour shift security thread with ‘RBI’ and ‘2,000’
  •  Watermarks of Mahatma Gandhi and electrotype 2,000 numeral
  • Number panel with numerals growing from small to big on top left and bottom right sides

Reverse side features
  • Swachh Bharat logo
  • Mangalayan motif and year of printing, 2016

The new Rs 500 note at 63mm x 150mm is smaller in size than previous one.

Front side features
  • See through register in denomination numeral
  • Orientation of Mahatma Gandhi’s portrait changed
  • Portrait and electrotype watermarks
  • Number panel with numerals growing from small to big on top left and bottom right sides
  • Features for visually impaired like circle with Rs 500 in raised print on the right

Reverse side features
  • Swachh Bharat logo
  • Red Fort image with the Indian flag
  • Circle with Rs 500 in Devnagari on the right

Apple may get into wearable business with glass headsets



Apple Inc is considering expanding into wearable glass headsets and has talked about the project with potential suppliers, Bloomberg reported citing people familiar with the matter. The wearable headset would show images, along with other information and may use augmented reality, according to the report.

Chief Executive Tim Cook, who has been struggling with a slowdown in iPhone sales in recent quarters, said earlier this year that the company would continue to invest a lot into augmented reality.

Apple, the world’s largest technology company, has ordered a small number of near-eye displays for testing but has not obtained enough for production on a larger scale, the report added. Apple declined to comment. The move would make Apple the latest tech company to venture into wearable glasses.

Alphabet Inc’s discontinued its own wearable glass headset, Google Glass, and closed the social media account linked to the device earlier this year, ending its attempt to popularize the expensive devices with consumers. The device received plenty of attention when it was launched in 2012, but quickly ran into problems with its awkward appearance and privacy concerns over video recording. Snap, an $18 billion company which makes the popular messaging app Snapchat, also launched its own video-camera sunglasses last week.

SETL and Deloitte teamup to create a contactless payment card based on blockchain



London-based fintech company SETL and global auditing firm Deloitte DLTE.UL have joined forces to produce a contactless card that enables retail payments to be processed and settled almost instantly by the means of blockchain technology.

The payment card, which has been successfully tested by 100 users and is expected to go into commercial production by the end of 2017, has been created for customers of FTSE 250-listed Metro Bank. The test-users used their cards to pay for cupcakes in sterling, with both customers’ and merchants’ bank balances updated in “live-time”.

“This is fiat currency, it’s real money,” said SETL CEO Peter Randall, who earlier co-founded equities exchange Chi-X. “It’s not a form of cryptocurrency or anything else; it’s money you can go and take out of the bank and spend.” Blockchain, which originated in the digital currency bitcoin, works as a web-based transaction processing and settlement system.

It creates a “golden record” of any given set of data that is automatically replicated for all parties in a secure network, eliminating any need for third-party verification, and allowing for payments to be settled in a matter of seconds.

Critics say blockchain technology has not yet proven its scalability; bitcoin’s blockchain at the moment processes fewer than 300,000 transactions per day. But SETL says it can process billions of transactions per day, or tens of thousands per second, allowing it to compete with the large card networks, which process around 2,000 to 3,000 transactions per second.

The payment card uses Deloitte’s “Smart Identity” blockchain system, with customer identity records stored and certified by Deloitte and then sent to SETL to set up user credentials. “(This) underlines the importance, in the new distributed ledger world, of identity management,” said Deloitte partner David Myers.

SETL’s Randall said the payment card would allow merchants to offer payment services to their customers for a much lower cost than the card providers that currently dominate the market. “What this allows people to do is to effectively make a payment from their account to the merchant’s account, completely encrypted end-to-end, without having to go through all the existing very expensive legacy infrastructure,” he said.

SETL is part of the Financial Conduct Authority’s regulatory sandbox – an arena for start-ups to experiment with new technologies without incurring all the normal regulatory consequences of engaging in the activity in question – and has been issued with an e-money licence by the FCA.

“Retail payments have for too long been dominated by a few players to the detriment of customers,” said Metro Bank CEO Craig Donaldson. “Given all the potential that blockchain has to offer, we hope that the success of today’s test will play a key role in moving us a step closer to providing a more efficient and flexible service for customers.”

Google to bring new policy to restrict ads on faking news websites


Alphabet Inc’s Google said on Monday it is working on a policy change to prevent websites that misrepresent content from using its AdSense advertising network, a move aimed at halting the spread of “fake news” and other types of misinformation on the internet.

The shift comes as Google, Facebook Inc and Twitter Inc face a backlash over the role they played in the U.S. presidential election by allowing the spread of false and often malicious information that might have swayed voters toward Republican candidate Donald Trump.

The issue has provoked a fierce debate within Facebook especially, with Chief Executive Mark Zuckerberg insisting twice in recent days that the site had no role in influencing the election.

Google’s move does not address the issue of fake news or hoaxes appearing in Google search results. That happened in the last few days, when a search for ‘final election count’ for a time took users to a fake news story saying Trump won the popular vote. Votes are still being counted, with Democratic candidate Hillary Clinton showing a slight lead.

Nor does it suggest that the company has moved to a mechanism for rating the accuracy of particular articles.

Rather, the change is aimed at assuring that publishers on the network are legitimate and eliminating the financial incentives that appear to have driven the production of much fake news.

“Moving forward, we will restrict ad serving on pages that misrepresent, misstate, or conceal information about the publisher, the publisher’s content, or the primary purpose of the web property,” Google said in a statement.

The company did not detail how it would implement or enforce the new policy.

AdSense, which allows advertisers to place text ads on the millions of websites that are part of Google’s network, is a major source of money for many publishers.

A report in BuzzFeed News last month showed how tiny publishers in Macedonia were creating websites with fake news – much of it denigrating Clinton – which were widely shared on Facebook.

That sharing in turn led people to click on links which brought them to the Macedonian websites, which could then make money on the traffic via AdSense.

Facebook has been widely blamed for allowing the spread of online misinformation, most of it pro-Trump, but Zuckerberg has rejected the notion that Facebook influenced the outcome of the election or that fake news is a major problem on the service.

“Of all the content on Facebook, more than 99 percent of what people see is authentic,” he wrote in a blog post on Saturday. “Only a very small amount is fake news and hoaxes.”

Google has long had rules for its AdSense program, barring ads from appearing next to pornography or violent content. Work on the policy update announced on Monday began before the election, a Google spokeswoman said.

The company uses a combination of humans and artificial intelligence to review sites that apply to be a part of AdSense, and sites continue to be monitored after they are accepted, a former Google employee who worked on ad systems said. Google’s artificial intelligence systems learn from sites that have been removed from the program, speeding the removal of similar sites.

The issue of fake news is critical for Google from a business standpoint, as many advertisers do not want their brands to be touted alongside dubious content. Google must constantly hone its systems to try to stay one step ahead of unscrupulous publishers, the former employee said.

Google has not said whether it believes its search algorithms, or its separate system for ranking results in the Google News service, also need to be modified to cope with the fake news issue.

Fil Menczer, a professor of informatics and computing at Indiana University who has studied the spread of misinformation on social media, said Google’s move with AdSense was a positive step.

“One of the incentives for a good portion of fake news is money,” he said. “This could cut the income that creates the incentive to create the fake news sites.”

However, he cautioned that detecting fake news sites was not easy. “What if it is a site with some real information and some fake news? It requires specialized knowledge and having humans (do it) doesn’t scale,” he said.

OnePlus 3T appears on retailer website with a $499 price tag


The OnePlus 3T indeed went from rumour to leaks in a short span of time. Soon enough, Qualcomm made things official, followed up by teasers by OnePlus about an exciting new product. While reports pointed to the price of the smartphone set at $480 (roughly Rs 32,488), the OnePlus 3T , just a day before launch, has now shown up on a famous retailer’s website with a higher price tag.

That new price tag has been pegged at $499. The retailer is Oppomart, a famous online website for buying Chinese smartphones. Oppomart has currently listed the refreshed OnePlus smartphone as the 3T and even included the specifications that we had seen popping up in the rumour mill not too long ago. The important bit here is the price which is set at $499 (roughly Rs 33,774).



Indeed the listing seems like speculation, but one thing’s for sure, the new OnePlus 3T will be priced higher. Part of this reason would be the new Snapdragon 821 chipset. It is usually clocked at 2.15GHz, but OnePlus has been putting out teasers stating that its new smartphone will have a 821 chipset clocked at 2.35GHz instead.

Add the usual 6GB of RAM and a new 128GB internal storage option and the OnePlus 3T (minus instant software updates) stands a good chance against the Daydream VR-readyGoogle Pixel. Yes, by sticking to the older OnePlus 3 design and refreshing the internals, OnePlus could have a hit the sweet spot to rope in potential Nexus upgraders to switch to a VR-ready OnePlus 3T instead, minus the premium price tag.

While the details listed on the retailers website should be taken with a spoonful of salt, we will know within a day’s time what OnePlus has on offer as the launch takes place tonight.