3D printing with metals is rapidly changing the way parts are being manufactured because it is now possible to create continuous complex shapes. Where once parts had to be welded to close the gaps, they can now be made as one solid piece. NASA’s scientists say they can now print flexible material made of intertwined metal rings. VOA’s George Putic reports.
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The venture fund 500 Startups has been making a splash in Southeast Asia, most recently with Khmerload, a Cambodian entertainment news website modeled after the American media giant Buzzfeed. Binh Tran, a venture partner with the firm, sat down with Sophat Soeung of VOA’s Khmer service to talk about how entrepreneurs in developing countries could attract such investors. Here’s some of his advice for them:

Remember, Silicon Valley investors are a click away

I think first is to understand the whole startup ecosystem. All this information is at your fingertips. The world’s shrunk, and for resourceful entrepreneurs, they have this incredible amount of knowledge that they can tap into, to get themselves familiarized with how to build a company, how to launch it, how to monetize, and also understand investment. All that is available.

Not everyone can be a tech entrepreneur. It’s incredibly hard, but for the ones that are resourceful … the tools are there. And we want to be the ones to provide that dry powder to help you grow. So once you have achieved some progress and some [traction], then come talk to us.

Don’t overthink — there is no ‘right’ sector

I’m pretty sector-agnostic. … If you’re building something that is obscure to me … the fact that you can make a business out of it, you’re making some money out of it, that’s great. And if it’s technology-enabled, it’s done through software, or done through some algorithm that you created, that’s where I think I can help. That’s where I think the opportunities are.

Look for a growing user base

All ecosystems around the world are somewhat new. Even China is a decade or two [old] for venture capital. … If these companies are making money and they’re growing, that’s great. You see companies who have been more focused on revenue early on. So I think Southeast Asia has a lot of opportunity, because you do have that 4 million-new-internet-users-a-month type of growth, but the business models are not quite as risky [as those seen in Silicon Valley].

Pay more attention to operational rather than business risk

I think there’s going to be a small percentage of my portfolio that’s always reserved for the crazy, one-in-a-million-chance ideas. But for the most part, these startups should be solving basic problems. Across many sectors in Southeast Asian countries like Vietnam, businesses have barely adopted Web 1.0 technologies. There’s opportunities for entrepreneurs to solve basic problems such as helping business attract, serve and support customers more efficiently.

So instead of investing in a new, risky, innovative business model as you would in Silicon Valley, the innovation these companies we’re investing into is the way they’re hiring and training employees and how they’ve mastered how to operate within highly regulated environments. These companies also deeply understand their customers’ problems and have demonstrated their ability to market to and sell to locals.

So the innovation we’re seeing is less about business model or technology innovation, but I do hope that changes.

Build your reputation, and be patient

You’ve got to do what you say you’re going to do. This is one of those things where your reputation is so important. … [Also,] realize that it’s going to take a while. It’s not easy. Don’t be caught up in the buzz or the hype — just focus on the fact that this is going to be a long, hard journey. And hopefully that sets up the right expectations.

This report originated on the VOA Khmer service.
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Some of the world’s wealthiest and most influential leaders came to California this week for the Milken Institute Global Conference, a wide-ranging review of issues permeating economics and politics, with topics ranging from agriculture to mortgage markets to international trade and alliances, plus a long look at what the future will hold.

Of the 4,000 VIPs who attended — invitations are highly selective, and tickets topped out as high as $50,000 — one of the most intriguing questions under discussion was one that almost no one could readily answer: What effect will robotics and artificial intelligence have on our lives and on the world’s business, and how rapidly will this next technological revolution take place?

The Milken Institute Global Conference, an annual event for the past 20 years, has grown steadily into a unique gathering: individuals with the capital, power and influence to move the world forward meet face-to-face with those whose expertise and creativity are reinventing industry, philanthropy and media.

This year’s meeting in Beverly Hills, California, amounted to a peer review of President Donald Trump’s first 100 days in office. Four members of Trump’s Cabinet took part.

Former U.S. leaders

Former President George W. Bush and former Vice President Joe Biden also were on hand to give their perspectives on U.S. politics. They were interviewed by Mike Milken, the onetime omnipotent investor who almost single-handedly developed the high-yield debt market in the United States and piled up billions of dollars in profits during the 1980s, from leveraged buyouts, hostile takeovers and corporate raids.

Milken, now 70, was known as the “junk bond king,” and he ruled unchallenged until 1989, when he was indicted on 98 counts of racketeering and fraud. He served two years in prison and survived personal health crises, and has rebounded in the 21st century to his current status as a renowned philanthropist and public health advocate.

Interest rates and corporate balance sheets faded into the background when the business and policy leaders turned their attention to artificial intelligence, or AI, and robotics — key factors in massive changes looming over the U.S. economy.

Unemployment in the United States is currently at its lowest point in 10 years — 4.4 percent — but jobs in the retail sector are drying up, down more than 60,000 in the past two months. So-called bricks-and-mortar retail stores are closing down in the face of competitive prices and easy shop-at-home service provided by online retailers such as Amazon.com.

Robotics have transformed the auto industry and many other sectors of manufacturing, and the high-end analytics available through what is known as “big data” have streamlined the entire process, from raw materials to finished products. Both blue-collar and white-collar jobs are becoming harder to find; opportunities in the services industry keep overall employment levels high, but that also means a decline in average workers’ income.

Manufacturing jobs in the U.S. have been declining for decades, and that trend is having an effect on society as a whole, said Roy Bahat of Bloomberg Beta,  a venture capital firm that is part of the financial services company Bloomberg LP.

Rising costs

Costs are rising for health care, housing and education, and with fewer good-paying jobs available, Bahat says those who “play the game by the rules” — educating themselves adequately, buying a home and supporting families — “still struggle to provide for an ordinary life.”

Bloomberg Beta partnered with the think tank New America to look at the future of work during this week’s conference, with input from leaders in popular culture, technology, faith communities, government and business.

They are due to issue a joint report later this month, but for now they raised imponderable questions: innovations such as self-driving trucks promise to change the way that companies move their goods, but how soon will that happen, and what will happen to drivers and packers now involved in such work?

The first large-scale commercial delivery of this kind was handled by a startup company called Otto last year. One of Otto’s autonomous (driverless) trucks hauled 50,000 cans of beer for 200 kilometers along a highway in Colorado, in the American West.

Otto’s co-founder, Lior Ron, said self-driving trucks hold immediate promise for American business, but he also admitted it was a carefully prepared test: Highway traffic, especially in a state like Colorado, is less challenging than traffic in cities, where pedestrians and stoplights make driving unpredictable.

The ride-sharing service Uber, which already had been studying the possible use of driverless vehicles, acquired Otto last year.

Most Americans tend to believe their children will have a better life — or at least earn more money — than they do, but Bahat deflated that notion: “If you look at the economic data, it turns out we live in the first generation where kids are statistically likely to make less” than their parents.

Anne-Marie Slaughter of New America said projections about how many jobs will be automated in the future vary widely, from 10 percent to 50 percent, and “we have no idea which of those [proportions] is true.”

‘Civic enterprise’

New America, founded in 1999, describes itself as a “civic enterprise committed to renewing American politics, prosperity and purpose in the Digital Age.” It lists all of its funding sources, from “under $1,000” to more than $1 million; the biggest donors tend to be philanthropic groups and other foundations.

“We generate big ideas,” New America says in a capsule of its mission statement. “[We] bridge the gap between technology and policy and curate broad public conversation.”

To underscore the uncertainty cloaking analyses of technological change, Slaughter noted that drivers interviewed for her group’s joint study with Bloomberg Beta believe that self-driving trucks will not be in service for 20 to 25 years. By other estimates, she added, “It could be five. Who knows?”

Challenges in an era of artificial intelligence include the need to align technology with professional standards and social norms, Italian computer scientist Francesca Rossi said. In other words, human sensibilities must be integrated into machines’ decision-making process.

Brian Chin of the huge international banking firm Credit Suisse said his company has employed 20 robots to handle complicated tasks including answering bank employees’ questions about how best to comply with regulations on compliance and other banking procedures.

Bloomberg Beta’s Bahat forecasts self-auditing accountants and automated mortgage officers in the years ahead. Steering clear of explicit predictions, he said workers and consumers must prepare for “wildly unexpected” developments in the future.

New America’s Slaughter offers a wry comparison between the rapidly changing digital age and the Industrial Revolution. Harnessing the power of machines for manufacturing and transportation transformed the world and created lots of jobs, she said, but it also caused upheaval — Marxism, wars and revolutions.

For those gauging the impact of the current technological revolution, the New America analyst cautioned, “Do not think this is going to be a smooth ride.”
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Fusion is the holy grail of energy production. And plenty of investors around the world are betting on it as the emission-free, waste-free energy of the future. There’s no real proof we’re there yet, but we’re close. And one company in England says it will be able to start putting fusion energy into the grid by 2030. VOA’s Kevin Enochs reports.
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Facebook’s growth into a digital advertising power is showing a flip side: The social network is more dependent than ever on the cyclical ad market, even as its rival Google finds new revenue streams in hardware and software.

Facebook reported on Wednesday that 98 percent of its quarterly revenue came from advertising, up from 97 percent a year earlier and 84 percent in 2012. Revenue from non-advertising sources fell to $175 million in the quarter, from $181 million a year earlier.

Facebook has warned for some time about declining non-ad revenue. That part of its business consists almost entirely of video game players on desktop computers buying virtual currency, and it has fallen as gaming has moved to smartphones.

Facebook takes 30 percent of purchases, with the balance going to companies such as Zynga, maker of the game Farmville.

The company’s dependence on advertising is a long-term concern but it has time to find other revenue while building its core ad business, said Clement Thibault, a senior analyst at Investing.com.

“We have to remember it’s still a fairly young business. It’s not like they’re an old-fashioned business that needs to move soon,” he said.

A Facebook spokeswoman declined to comment.

Facebook’s share price hit an all-time high of $153.60 on Tuesday before dipping to close at $150.85 on Thursday.

The lack of diversification stands in contrast to Google, a unit of Alphabet. Its non-advertising revenue, from sources such as cloud services and Pixel smartphones, posted a 49.4 percent jump to $3.1 billion in the most recent quarter and now represents 13 percent of Google’s total revenue, up from 10 percent a year earlier.

Facebook Chief Operating Officer Sheryl Sandberg said during a conference call in February that the company was diversifying revenue by expanding its base of advertisers across geographic regions and industries.

Facebook’s non-advertising products, such as its Oculus virtual reality headset and the Workplace office software, currently generate little revenue.

Some companies diversify through acquisitions, but most of Facebook’s purchases such as Instagram and WhatsApp have been in adjacent markets.

Chief Financial Officer David Wehner said in a conference call for investors on Wednesday that Facebook was not breaking out Instagram revenue as a separate line in financial reports because Instagram ads are sold through the same interface as Facebook ads.
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Family members of San Bernardino terror attack victims sued Facebook, Google and Twitter, accusing the companies of providing platforms that help the Islamic State group spread propaganda, recruit followers and raise money.

The lawsuit filed Wednesday in federal court in Los Angeles alleges that the companies aided and abetted terrorism, provided material support to terrorist groups, and are liable for the wrongful deaths of three of the 14 victims killed in the Dec. 2, 2015, attack on a health department training event and holiday party.

Syed Rizwan Farook and Tashfeen Malik, the husband-and-wife shooters who carried out the attack with high-powered rifles, were inspired by the Islamic State group, authorities said. Malik had pledged her allegiance to the group on her Facebook page around the time of the shooting, which also wounded 22 people.

The lawsuit mirrors claims targeting social media providers in courts around the country for deaths in attacks abroad and at home. The same lawyers have sued the same companies for the 2016 massacre at the Pulse nightclub in Orlando, Florida.

Some of those lawsuits have been dismissed because federal law shields online providers from responsibility for content posted by users.

Facebook said it sympathizes with the victims and their families and that it quickly removes content by terrorist groups when it’s reported.

“There is no place on Facebook for groups that engage in terrorist activity or for content that expresses support for such activity,” the company said in a statement.

Google and Twitter didn’t immediately respond to requests for comment.

The lawsuit claims the companies don’t do enough to block or remove accounts by the Islamic State group and they profit from ads placed next to IS postings. It also says Google shares revenue with the group.

“Without defendants Twitter, Facebook, and Google [YouTube], the explosive growth of ISIS over the last few years into the most feared terrorist group in the world would not have been possible,” the lawsuit said, using an acronym for Islamic State.

The suit filed by relatives of Sierra Clayborn, Tin Nguyen, and Nicholas Thalasinos seeks unspecified monetary damages.
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Elon Musk’s SpaceX says it will begin launching Internet-providing satellites in 2019.

The move was announced Wednesday by SpaceX vice president of satellite and government affairs, Patricia Cooper, in testimony before the Senate Committee on Commerce, Science and Transportation.

She said the company eventually plans to field 4,425 small satellites into low Earth orbit by 2024 using the company’s partially reusable Falcon 9 rockets.

“SpaceX intends to launch the system onboard our Falcon 9 rocket, leveraging significant launch cost savings afforded by the first stage reusability now demonstrated with the vehicle,” Cooper said, adding the company will field two prototype satellites by the end of 2017 and in early 2018.

Internet access via satellites can be slow, but Cooper said technological advances will make SpaceX able to offer speeds comparable to terrestrial providers.

The company says Internet speed in the U.S. lags behind other developed countries. Furthermore, rural areas are not served by standard broadband providers. The company’s “constellation” of satellites could deliver high speeds without cables.

Cooper added that space-based Internet avoids some of the pitfalls for terrestrial providers.

“In other words, the common challenges associated with sitting, digging trenches, laying fiber and dealing with property rights are materially alleviated through a space-based broadband network,” Cooper said.
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WhatsApp, a popular messaging service owned by Facebook Inc., suffered a widespread global outage Wednesday that lasted for several hours before being resolved, the company said.

“Earlier today, WhatsApp users in all parts of the world were unable to access WhatsApp for a few hours. We have now fixed the issue and apologize for the inconvenience,” WhatsApp said in an email late Wednesday afternoon.

WhatsApp was down in parts of India, Canada, the United States and Brazil, according to Reuters journalists. It affected people who use the service on Apple Inc’s iOS operating system, Alphabet Inc.’s Android and Microsoft Corp.’s Windows mobile OS.

WhatsApp is used by more than 1.2 billion people around the world and is a key tool for communications and commerce in many countries. The service was acquired by Facebook in 2014 for $19 billion.
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Alphabet Inc. warned its users to beware of emails from known contacts asking them to click on a link to Google Docs after a large number of people turned to social media to complain that their accounts had been hacked.

Google said Wednesday that it had taken steps to protect users from the attacks by disabling offending accounts and removing malicious pages.

The attack used a relatively novel approach to phishing, a hacking technique designed to trick users into giving away sensitive information, by gaining access to user accounts without needing to obtain their passwords. They did that by getting a logged-in user to grant access to a malicious application posing as Google Docs.

No malware needed

“This is the future of phishing,” said Aaron Higbee, chief technology officer at PhishMe Inc. “It gets attackers to their goal … without having to go through the pain of putting malware on a device.”

He said the hackers had also pointed some users to another site, since taken down, that sought to capture their passwords. Google said its abuse team “is working to prevent this kind of spoofing from happening again.”

Anybody who granted access to the malicious app unknowingly also gave hackers access to their Google account data including emails, contacts and online documents, according to security experts who reviewed the scheme.

Someone else controls your accounts

“This is a very serious situation for anybody who is infected because the victims have their accounts controlled by a malicious party,” said Justin Cappos, a cyber security professor at NYU Tandon School of Engineering.

Cappos said he received seven of those malicious emails in three hours Wednesday afternoon, an indication that the hackers were using an automated system to perpetuate the attacks.

He said he did not know the objective, but noted that compromised accounts could be used to reset passwords for online banking accounts or provide access to sensitive financial and personal data.
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In the wake of several Facebook videos depicting murder, suicide, rape and other violent acts, the social media giant says it is hiring 3,000 more people to review videos and remove those that violate its terms of service.

The company has been facing increased pressure to stop people from posting and sharing violent videos.

According to Facebook’s terms of service, violent videos are not allowed, but as recent events have shown, it can take the company some time to review and remove them.

The announcement to add staff to the already 4,500 who review videos was made Wednesday on Mark Zuckerberg’s Facebook page.

Facebook’s founder and CEO wrote, “Over the last few weeks, we have seen people hurting themselves and others on Facebook – either live or in video posted later. It is heartbreaking, and I have been reflecting on how we can do better for our community.”

“These reviewers will also help us get better at removing things we don’t allow on Facebook like hate speech and child exploitation, “ Zuckerberg wrote. “And we’ll keep working with local community groups and law enforcement who are in the best position to help someone if they need it – either because they’re about to harm themselves, or because they’re in danger from someone else.”

In addition to more staff, Zuckerberg said the company was going to enhance its software to keep violent videos off the site.

“We’re going to make it simpler to report problems to us, faster for our reviewers to determine which posts violate our standards and easier for them to contact law enforcement if someone needs help,” he wrote, adding the company had recently acted on a report of someone considering suicide on Facebook, preventing them from going through with it.
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A privacy group sued the New York Police Department on Tuesday to demand the release of documents related to its use of facial-recognition technology, which rights groups have criticized as discriminatory and lacking in proper oversight.

The lawsuit is the latest attempt to compel U.S. law enforcement agencies to disclose more about how they rely on searchable facial-recognition databases in criminal investigations.

NYPD has previously produced one document in response to a January 2016 freedom of information request, despite evidence it has frequently used an advanced face-recognition system for more than five years, according to the Center for Privacy & Technology at Georgetown University law school, which filed the suit in New York state court.

“The department’s claim that it cannot find any records about its use of the technology is deeply troubling,” said David Vladeck, the privacy group’s faculty director. He added that an absence of responsive documents, such as contract and purchasing documents, training materials or audits, would be an indication the police force did not possess controls governing its use of facial-recognition software.

NYPD could not be immediately reached for comment on the suit.

Facial-recognition databases are used by police to help identify possible criminal suspects. They typically work by conducting searches of vast troves of known images, such as mug shots, and algorithmically comparing them with other images, such as those taken form a store’s surveillance cameras, that capture an unidentified person believed to be committing a crime.

But the technology has come under increased scrutiny in recent years amid fears that it may lack accuracy, lead to false positives and perpetuate racial bias.

Democratic and Republican lawmakers expressed consternation at the secrecy surrounding facial-recognition technology during a U.S. House Oversight Committee hearing in March.

The Center for Privacy & Technology released a report last year concluding half of America’s adults have their images stored in at least one searchable facial-recognition database used by local, state and federal authorities.

The study, titled “Perpetual Line-Up,” found that states rely on mug shots, driver’s license photos, or both in assembling their databases, and that images are often shared with the Federal Bureau of Investigation.

The U.S. Government Accountability Office estimated last year that more than 400 million facial pictures of Americans were stored in databases kept by law enforcement agencies.
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Twitter and Bloomberg news are teaming up to launch a 24-hour streaming news channel.

In response to a story in the Wall Street Journal about the partnership, Bloomberg Media’s top executive tweeted confirmation of the news.

“We’ll have a lot more to say about this exciting new partnership at Bloomberg Media’s NewFronts on Monday,” tweeted Justin Smith, referring to a meeting the company is holding.

The Journal said Bloomberg would create exclusive content for the streaming channel, but that it would be separate from the company’s television channel.

Twitter did not provide any comment on the story due to an official announcement planned for later Monday.

For Twitter, the deal could help restore user growth which has been slow compared to other social media sites.

The 10-year-old Twitter has never made a profit, and despite tweaks to the format, has only seen modest growth in users. Twitter recently reduced staff and an attempt to sell the company failed. The partnership with Bloomberg could attract more users beyond the core of politicians, journalists and celebrities.

Last week the company gave its quarterly results, which saw another drop in revenue despite seeing a 14 percent spike in users to 328 million. The company said its loss of $62 million was better than last year, which saw the company lose $80 million.
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Facebook appears to have targeted vulnerable young people for advertising purposes, according to a report from Australia.

According to The Australian newspaper, which obtained documents about the targeting of young people from Facebook’s Australian office, the company was seeking ways to exploit the feelings of kids as young as 14 to serve up ads to them.

The documents, which were marked as confidential, show how the social media giant could monitor posts from youth to try to figure out how they were feeling. According to the newspaper, these included words like “defeated,” “overwhelmed,” “stressed,” “anxious,” “nervous,” “stupid,” “silly,” “useless” and “failure.”

The so-called sentiment analysis could then be used to target vulnerable kids with advertising based on their perceived mood. The idea was only to be used on young people in Australia and New Zealand.

For example, if a young person was feeling “defeated” because of being overweight, Facebook could show that person an advertisement for an exercise program or workout machine.

“The data on which this research is based was aggregated and presented consistent with applicable privacy and legal protections, including the removal of any personally identifiable information,” Facebook said in a statement to the newspaper.

This is not the first time Facebook has looked at sentiment analysis. The company was harshly criticized in 2012 when it conducted an experiment on nearly 700,000 users, without their knowledge, to see if the company could influence them through positive or negative posts in their newsfeeds.

Neither case appears to be in violation of the company’s Data Use Policy, which says the company “may use the information we receive about you … for internal operations, including troubleshooting, data analysis, testing, research and service improvement.”
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