Tag Archive for Amazon

Son of PalmOS in Your SmartTV

Son of PalmOS in Your SmartTVDo you remember the PalmPilot?  By 1999, within three years of its launch, the Palm had user base of over 5 million users. I was a fan of the Palm. I went thru a series of them in the 2000’s. In 2011 I marked the sale of the PalmOS on the BachSeat. PalmOS has had a number of names since it glory days. It was also known as HP webOS, Open webOS (HP), Palm webOS, and most recently LG webOS.

SmartTVLG (LGLD) has been using webOS in their SmartTV’s since 2014 and more recently in their line of smart refrigerators. LG is updating LG webOS to LG webOS Hub. The LG webOS Hub is a new version of its webOS streaming television platform. The newest version incorporates a new hub for third-party partners to plug into.

Son of PalmOS

The webOS Hub will incorporate many third-party applications that are supported by LG’s streaming operating system. Some of the third-parties including Netflix (NFLX), Hulu, Amazon (AMZN) Prime Video, Disney Plus (DIS) Plus, and YouTube Google (GOOG). It will also include LG Channels, the company’s free, ad-supported streaming service. Support for NVidia‘s (NVDA) cloud gaming service is promised in the near future.

LG logoLG said webOS Hub was developed in partnership with Dolby, Realtek, and CEVA. It has been certified by over 160 broadcasters around the world.

Park Hyoung-sei, the president of LG Home Entertainment Company, told FierceVideo;

We are committed to refining and expanding our webOS Hub ecosystem, which continues to introduce more and more consumers to the unparalleled user experience of LG webOS.

Smart television platforms

More than 120 million devices in 150 countries are powered by some version of webOS. According to analytics firm Omdia, LG’s webOS is one of the more-dominant smart television platforms internationally. LG’s webOS owns around 18.5% of the market. It is bested only by South Korean competitor Samsung, which has nearly 30% of the global streaming platform market.

rb-

Besides the nostalgia of seem Palm resurrected into the media,. There is the creepiness factor of LG, Amazon, Netflix and Google (YouTube) monitoring and monetizing your TV viewing habits. They can data-mine your viewing habits to profit off what you do. 

Do not think they wont use your data to make a profit. Back in 2017 I wrote that Vizio had to pay $2.2 million to the FTC and the state of New Jersey to settle a lawsuit alleging it collected customers’ television-watching habits without their permission.

 

How you can help Ukraine!

Related article

 

Ralph Bach has been in IT long enough to know better and has blogged from his Bach Seat about IT, careers, and anything else that catches his attention since 2005. You can follow him on LinkedInFacebook, and Twitter. Email the Bach Seat here.

FAATMAN Stocks Keeps Getting Fatter

FAATMAN Keeps Getting FatterThanks largely to the COVID-19 pandemic that pushed even more activity online the FAATMAN companies have a collective market cap of $8.3 trillion. During that time the billionaire CEO’s of these companies became ever wealthier The FAATMAN companies are tech titans Facebook (FB), Alphabet (GOOG), Amazon (AMZN), Tesla (TSLA), Microsoft (MSFT), Apple (AAPL), and Netflix (NFLX). The FAATMAN companies generate ridiculous amounts of revenue rate per minute.

CompanyRevenue Per Minute
Amazon$ 955,517
Apple$ 848,090
Alphabet (Google)$ 433,014
Microsoft$ 327,823
Facebook$ 213,628
Tesla$ 81,766
Netflix$ 50,566
FAATMAN Revenue Per Minute hat tip to www.visualcapitalist.com

FAATMAN companies

Facebook‘s most recent quarter was a company best, generating almost $214,000 per minute or $27 billion in revenue. It hosted an average of 2.8 billion monthly-active-users on it’s platform. Over 1 of every 3 humans on Earth can be manipulated by Facebook.

Google logoAlphabet, the parent company of Google has the third largest market cap, made over $433,000 per minute. That means that Google can a  Rolls Royce Phantom is less that 2 minutes. They finished 2020 with $182 billion in revenues. Furthermore, almost 4 billion Google searches occur every single day, making it the most popular website in the world. With the revenue of  $433,000 per minute Google can purchase a Rolls Royce Phantom is less that 2 minutes.

Amazon most revenue per minute

Amazon made nearly 1 million dollars per minute. Most of this was made in the U.S. They also do very well around the world. For example, in 2020 they generated $29 billion in Germany, and $20 billion in revenues in Japan.

At this income rate Amazon can pay to send 2 people per minute on a suborbital space trip on Jeff BezosBlue Origin New Shepard rocket ship. Seats to the edge of space typically cost $500,000.

Tesla logoTesla‘s almost $82,000 of revenue per minute is being driven by the growing Electric Vehicle (EV) market. The home of Tesla and SpaceX joined the S&P 500, and along the way has made Elon Musk the richest person in the world. This kind of revenue per minute means Tesla can buy nearly two Tesla Model 3’s per minute. How we know where all their sales are coming from.

Microsoft made $327,823 per minute, making it the second largest tech titan with a market cap of $1.75 trillion. Microsoft earned over $168 billion in 2021. Office products and cloud services accounted for close to $40 billion U.S. dollars. Server products and cloud services accounted for the largest share of this revenue, with around $52.6 billion. 

In one minute Microsoft makes enough to buy a typical U.S. home. Zillow says the typical home value in the United States is $325,677 and Microsoft makes $327,823 a minute.

Apple has the largest market cap

Apple logoApple is currently the most valuable company in the world with a market cap of around $2.6 trillion. In the first quarter of financial year 2022, Apple’s revenue reached $123.95 billion. Apple takes in over S848,000 per minute. Apple is no longer just the iPhone company. in Q1 2022 iPhone brought in $71.6 billion. They have diversified their income. In Q1 of 2021, Apple’s services segment of the business made $19.5 billion in revenue.Apple Wearable, Home and Accessories made $14.7 billion in revenue. Hardware (Mac and iPad) collectively made over 18.2 billion in 2022 Q1.

Netflix has benefited from the pandemic   The streaming giant made S50,566 per minute. They wrapped up 2020 203 million subscribers. Netflix is the worst performing FAATMAN member and still made $50,566 per minute,  while the average American family income  for FY 2021 is $79,900. Netflix brings in the average American household income in less than 2 minutes.

FAATMAN Outlook

To put these numbers into perspective, the FAATMAN companies make more than the GDP of the U.K., India and France combined.

These insane incomes fueled the billionaire space race. Where billionaires spent billions to be the first into space

While the current value may appear bloated, no one can quite rule out FAATMAN getting fatter.

How you can help the Ukraine!

Related article

 

Ralph Bach has been in IT long enough to know better and has blogged from his Bach Seat about IT, careers, and anything else that catches his attention since 2005. You can follow him on LinkedInFacebook, and Twitter. Email the Bach Seat here.

Pizza and the PM

Pizza and the PMOne of the implications of the COVID-19 virus has been that most in-person meetings are getting moved online or canceled as we continue to shelter in place and work from home. As a project manager, I schedule my share of the 11 million meetings that take place every day in the U.S. – all of which are now online thanks to COVID-19. One of the factors I consider when setting a Microsoft (MSFT) Teams or Zoom online meeting is pizza. 

Bad meetingThat may sound goofy. Pizza can help the PM decided how to shape a meeting. The PMI PMBOK does not venture any suggestions on how many is too many participants for a meeting. My experience says that too many participants over-complicate a meeting and make a video call unwieldy and not enough of the right people prevents decisions from sticking. PMs are looking for a meeting that is just right.

The Bezos rule

One way to get the right number of project meeting members comes from Jeff Bezos. While not a PM – you really can’t argue with his cred’s – richest man in the worldAmazon (AMZN) – second billionaire in space. TargetTech says that Mr. Bezos uses the 2 pizza rule to decide how many attendees should be invited to a meeting.

2 Detroit pizza ruleWhile, sadly, the 2 pizza rule does not mandate that pizza be present at meetings, it means that every meeting should be small enough that attendees could be fed with two large pizzas. Mr. Bezos is known to have used ‘two pizza’ meetings and small project teams to foster a decentralized, creative working environment when Amazon was a startup.

The article explains that Mr. Bezos’ decision to keep meetings small in order to encourage productivity is backed up by science. The late Harvard researcher J. Richard Hackman devoted nearly 50 years studying team performance and concluded that four to six is the optimal number of members for a project team and no work team should have more than 10 members.

2 pizza rule advantages

Team complexityAccording to Professor Hackman, this is because communication problems increase “exponentially as team size increases.” Ironically, the larger the team, the more time will be spent on communication instead of producing work.

The author points out that the 2 pizza rule has several other advantages.

  • It helps prevent groupthink. Groupthink is a phenomenon that occurs when a large group’s need for consensus overrides the judgment of individual group members.
  • It discourages HiPPO, an acronym that stands for the “highest-paid person’s opinion.” HiPPO describes the tendency for lower-paid employees to defer to higher-paid employees when a decision has to be made.
  • It cuts down on social loafing. Social loafing occurs where more people on a team means less social pressure, which could lead to less engagement.

rb-

The optimal number of team members is 5. You can feed them with 2 large pizzas and if there is a vote, it will not end up in a tie.

Do you think 5 is perfect sized project team?

View Results

Loading ... Loading ...

Stay safe out there!

Related article

 

Ralph Bach has been in IT long enough to know better and has blogged from his Bach Seat about IT, careers, and anything else that catches his attention since 2005. You can follow him on LinkedInFacebook, and Twitter. Email the Bach Seat here.

No More Facial Recognition From IBM

Updated 06/19/2020 – Redmond is reporting that the ACLU has uncovered evidence (PDF) that Microsoft was pursuing sales of its facial recognition technology after its vow to stop selling the software. The ACLU says Microsoft continued to pursue sales to the U.S. Drug Enforcement Administration (DEA) six days after the announcement. Microsoft president Brad Smith claimed the firm would stop selling facial recognition tech to U.S. police agencies until there is a national law in place that’s “grounded in human rights.”

The article calls MSFT’s Smith’s “stand” last week “as a bit hollow or misleadingly narrow” and “opaque transparency.”

Updated 06/12/2020 – CNN is reporting that Microsoft has fallen in line with IBM and Amazon. It has announced it will not sell facial recognition technology to police departments in the United States, at least until there is a federal law to regulate the technology.

Following IBM’s stand, Amazon has announced it will stop providing its facial recognition technology to police forces for one year.  TechCrunch makes the point that the Amazon announcement did not say if the moratorium would apply to the federal government. Amazon also did not say in the statement what action it would take after the yearlong moratorium expires.

Both firms are calling for national regulation of the tech. As I predicted below.

No More Facial Recognition From IBMIBM has made a step in the right direction in the fight against structural racism. IBM CEO Arvind Krishna sent a letter to the U.S. Congress citing concerns that artificial intelligence (AI) facial recognition software could be used for mass surveillance and racial profiling. As a result, IBM will no longer sell general-purpose facial recognition or analysis software.

IBM facial recognition changes

The company is not abandoning facial recognition. Reuters cites an IBM source that says, IBM will “no longer market, sell or update the products but will support clients as needed.” As Engadget points out, the move comes in the midst of protests over police brutality and discrimination capped by the apparent murder of George Floyd by Minneapolis police officers.

The use of AI and facial recognition has a history of privacy and bias problems. In 2019, Pew Research reported that  50% of U.S. adults said they did not trust tech companies to use facial recognition responsibly. 27% of the same group did not trust law enforcement agencies to use facial recognition responsibly. There are good reasons for the distrust of facial recognition. Many reports have found that facial recognition systems can be biased. They have systemic bias’ against non-whites and women. This is particularly true if the training data includes relatively few people from those groups. 

The Verge documents some of the defacto bias’ in facial recognition. In 2018, AI researchers Joy Buolamwini and Timnit Gebru, Gender Shades project was the first to reveal the extent to which many commercial facial recognition systems (including IBM’s) were biased. This work led to mainstream criticism of these algorithms and ongoing attempts to address bias.

Clearview AI Inc., facial recognition software identifies people by comparing their faces with 3 billion images many scraped from social media sites. Clearview took the images from Facebook, YouTube, and Venmo without notifying the people. The facial recognition tool is widely used by private sector companies and law enforcement agencies. Clearview has since been issued numerous cease and desist orders and is at the center of a number of privacy lawsuitsFacebook was also ordered in January 2020 to pay $550 million to settle a 2015 class-action lawsuit over its unlawful use of facial recognition technology.

The Verge points out that IBM is not without a share of the blame. IBM was found to be sharing a training data set of nearly one million photos in January 2019 taken from Flickr without the consent of the subjects. IBM told The Verge in a statement at the time that the data set would only be accessed by verified researchers and only included images that were publicly available. The company also said that individuals can opt out of the data set.

A December 2019 NIST study found:

empirical evidence for the existence of a wide range of accuracy across demographic differences in the majority of the current face recognition algorithms that were evaluated.

 

Amazon’s facial recognition software 

Notably, NIST’s study did not include Amazon’s facial recognition software Rekognition. Rekognition, has also been criticized for its accuracy. In 2018, the ACLU found that Rekognition incorrectly matched 28 members of Congress to faces picked from 25,000 mugshots.

Despite Amazon’s system providing what the ACLU called a disproportionate number of false matches of congress embers of color, Amazon posted a statement expressing concern over the “inequitable and brutal treatment of Black people in our country.” But the richest man in the world Jeff Bezos and his company are part of the problem. Amazon is profiting off racial profiling of Black people by police.

Amazon has built a nationwide surveillance network. The surveillance network of our homes and communities uses Amazon Ring cameras and its Neighbors app. The company collects the images and then handed its data over to the police. 

What Amazon does with the data:

rb-

Mr. Krishna should be applauded for his public stand. But call me cynical – this is also about business. Morgan Stanley predicts that AI and automation will be a one trillion dollar industry by 2050. Change is coming and big tech – IBM, MSFT, GOOG, FB are trying to get in front of it. The titans are pushing for reform – not abolition for two reasons.

First, they want to use new regulations as a barrier to entry into this market. They want to upstarts like Clearview AI and 45+ other small to multi-national firms who may have new ideas out of the $1T market.

Second – Big tech knows they can buy the politicians in DC cheaper than having to fight off regulations in 50 different states. Big business has done this time and again. they will sit in front of a congressional hearing – say mea culpa and maybe Congress will pass some lame regulation that the lobbyist wrote. Nothing will change because there is too much money on the table to do the right thing to stop the structural racism that led to George Floyd’s death.

Stay safe out there!

Related article

 

Ralph Bach has been in IT long enough to know better and has blogged from his Bach Seat about IT, careers, and anything else that catches his attention since 2005. You can follow him on LinkedInFacebook, and Twitter. Email the Bach Seat here.

COVID Corporate Welfare

05/03/2020 – SBA said it discovered a data breach on the COVID relief application portal for Economic Injury Disaster Loans. The breach may have disclosed personal information — including Social Security numbers, income amounts, names, addresses, and contact information. Politico reports the breach affected 7,900 applicants for the EIDL program.

04/22/2020 – CNBC is reporting that 70% of the Paycheck Protection Program emergency funding has been claimed by large, publicly traded companies. Data from Morgan Stanley found that at least $243.4 million of the $349 billion available went to publicly traded companies.

The bankrupt PPP was supposed to help America’s small businesses stay afloat and prevent mass layoffs during the COVID lockdown. Morgan Stanley’s data shows that 15 firms worth over $100M got government funds. Among the wealthy firms claiming support are oil services company DMC Global. They got $6.7M. Biotechnology company Wave Life Sciences got $7.2 M. Fiesta Restaurant Group whose 329 restaurants are located in the Caribbean, Central America, South America, and the U.S got $10M.

COVID Corporate Welfare

I was hoping that we would never need the Recession topic on the Bach Seat again. But here we go again – down the economic commode abetted by bad policy and greed. The COVID-19 virus has wiped out more jobs in a few weeks than Wall Street erased in 18 months. Politico calculated that the jobs lost due to COVID in three weeks are larger than those lost during the 2007-2009 “Great Recession.” They also cite economic forecasts that predict unemployment will exceed its historic 25% peak during the Great Depression.

As an attempt to right the economic ship – Trump and his fellow travelers have put in place a $2 Trillions dollarCares Act.” The Cares Act has turned out to be is a giant middle finger to the working people. It is really an enormous corporate welfare bailout to the wealthiest corporations in the U.S. These greedy firms cannot manage their finances as well as the middle-class Americans they are laying off. Businesses are lining up for a government COVID bailout. Here are a few examples.

Fast Company reports that the hotel industry has met with the chief inn-keeper. They want $150 billion for hotel loan payments and employee layoff packages. 

Disney, Universal, and Expedia through their lobbyist U.S. Travel Association, requested $100 billion in a meeting with the Trumpster.

The LA Times is reporting that hedge funds, firms that control $80.5 Billion are claiming to be small businesses, They are seeking a bailout from the broken Paycheck Protection Program.

The bumbling aerospace giant Boeing wants a $60 billion bailout. Boeing’s problems started a year ago before COVID hit with the 737 MAX tragedies. The corporation paid out $65 billion in stock buybacks and dividends over the last ten years. It is highly politically connected.

Airlines for America wants $50 billion. The groups members include American Airlines, United Airlines, Delta Air Lines, Southwest Airlines, and Alaska Airlines, has  That is in spite of spending 96% of their free cash flow in the past decade on buying back their own shares of stock. The facts are that airline bankruptcy presents no significant risk to the economy as a whole. Airlines have safely flown through bankruptcy in the past.

Airports: The, Airports Council International-North America and the American Association of Airport Executives requested $10 billion from Congress, to be directed to U.S. airports for coronavirus relief.

Two of the richest people in the world want bailouts. Elon Musk of SpaceX and Jeff Bezos, the world’s richest man want$5 billion in grants or loans to keep commercial space company employees on the job and launch facilities open.” They also want the IRS to give them cash for R&D tax credits.  

The NYC Metropolitan Transportation Authority wants $4 billion in assistance for the New York City subway.

Everyone wants COVID bailout moneyEveryone wants COVID bailout money. CNBC reported 

The New York Times reported that Adidas is seeking a provision allowing people to use pretax money to pay for gym memberships to gyms that are closed.

The Washington Post reported that Trump was “strongly considering” a federal bailout for the fracking industry. One politically connected shale oil company, Continental Resources, founded by Harold Hamm, a Trump supporter  lost more than half of its market value

rb-

One that I can agree on. The National Restaurant Association wants a $455 billion aid package. Fast Company reports the COVID lockdown could lead to the loss of 5 to 7 million jobs.

Do republicans want pandemics to continue?It is arguable that the Republicans want pandemics to continue so they can keep feeding the rich with corporate welfare. Trumpies 2021 budget cuts funding for the CDC by $1.2 billion (15%) and eliminates $35 million of the Infectious Diseases Rapid Response Reserve Fund. 

Why use taxpayer money to help out companies that goose their stock price rather than saving the funds for a rainy day?

As Judge Leo Strine Jr., former chief justice of the Delaware Supreme Court wrote for the NYT – families are encouraged to put aside a reserve to pay their mortgages and bills and to feed themselves in case of an emergency. Why don’t corporations do the same? After a 10-year economic expansion that led to record increases in earnings, plus huge corporate tax relief, American corporations should have had substantial cash reserves to sustain them during a short period without revenue. But many did not and lived paycheck to paycheck.

Stay safe out there!

Related article

 

Ralph Bach has been in IT long enough to know better and has blogged from his Bach Seat about IT, careers, and anything else that catches his attention since 2005. You can follow him on LinkedInFacebook, and Twitter. Email the Bach Seat here.