Day: June 18, 2020

Facebook acquires crowdsourced mapping company Mapillary

FILE PHOTO: A 3D-printed Facebook logo is seen placed on a keyboard in this illustration taken March 25, 2020. REUTERS/Dado Ruvic/Illustration

SAN FRANCISCO (Reuters) – Facebook Inc on Thursday acquired Swedish mapping technology company Mapillary, which collects images from tens of thousands of contributors to build immersive and up-to-date maps, the companies said.

Mapillary Chief Executive Officer Jan Erik Solem, who founded the Malmö-based startup after leaving Apple Inc in 2013, said his company’s technology would be used to power products like Facebook Marketplace and supply data to humanitarian organizations.

Solem had sold a facial recognition startup, Polar Rose, to Apple in 2010.

Facebook confirmed the transaction, but declined to disclose the terms. Mapillary did not immediately respond to a request for comment.

Mapillary aims to solve one of the most expensive problems in mapping: keeping maps updated with “street level data” about signs, addresses and other information that can

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Facebook takes down Trump ads over ‘organized hate’ policy

FILE PHOTO: A 3D printed Facebook logo is placed between small toy people figures in front of a keyboard in this illustration taken April 12, 2020. REUTERS/Dado Ruvic/Illustration

(Reuters) – Facebook Inc (FB.O) said on Thursday it took down posts and ads run by the re-election campaign of U.S. President Donald Trump for violating its policy against organized hate.

The ads showed a red inverted triangle with text asking Facebook users to sign a petition against antifa, a loosely organized anti-fascist movement.

In a tweet on Thursday, the Anti-Defamation League’s CEO, Jonathan Greenblatt, said: “The Nazis used red triangles to identify their political victims in concentration camps. Using it to attack political opponents is highly offensive.”

The Facebook ads were run on pages belonging to Trump and Vice President Mike Pence, and also appeared in ads and organic posts on the “Team Trump” page.

“Our policy prohibits using

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Semiconductor manufacturers reach deal to supply U.S. defense chips

(Reuters) – Globalfoundries and SkyWater Technology have reached a deal to supply semiconductor chips to the U.S. defense industry and work on new technology, the companies said on Thursday, as the industry moves toward more U.S. manufacturing.

Globalfoundries, a California-based semiconductor manufacturing firm owned by the United Arab Emirates’ sovereign wealth fund, already supplies defense chips through a number of factories in the United States it acquired in 2015. It purchased the chip-manufacturing unit of International Business Machines Corp.

Minnesota-based Skywater was divested from U.S.-based Cypress Semiconductor in 2017 and is fully U.S.-owned. Last year, SkyWater received up to $170 millihere from the U.S. Defense Department to develop chips designed to withstand radiation from nuclear attacks and space travel.

Each chip factory is unique, which can make it hard to have the same chip made by two different factories. Under a memorandum of agreement announced on Thursday, the two companies

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Robinhood trading app back online after major outage

NEW YORK (Reuters) – Robinhood Markets Inc, the fintech startup credited with helping popularize trading with millennials, said on Thursday it resolved an issue that had caused a “major outage” on its platform earlier in the day.

“Our systems have been fully restored and our app and web platforms are now functional. We apologize for the trouble and appreciate your patience as we worked to resolve this,” the company said on Twitter.

Robinhood, based in Menlo Park, California, has experienced several outages since early March, particularly on days of high trading volumes as the market reacted to news on the economic impact of the coronavirus pandemic.

Similar to previous outages, customers took to social media to criticize Robinhood, threatening to switch brokerages.

“Unacceptable for this to keep happening,” one user said on Twitter. “Give me one reason why I should continue to trade using your platform?” asked another.

Robinhood has

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