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Showing posts with label Billion. Show all posts
Showing posts with label Billion. Show all posts

Tuesday, 25 September 2012

FBI to roll out $1 billion public facial recognition system in 2014, will be on to your evildoing everywhere

DNP FBI to roll out $1 billion public facial recognition system in 2014, will be on to your evildoing

They're watching you -- or at least will be in a couple of years. That's when the FBI is gearing up for a nationwide launch of a $1 billion project designed to identify people of interest, according to the New Scientist. Dubbed the Next Generation Identification (NGI) program, the high-tech endeavor uses biometric data such as DNA analysis, iris scans and voice identification to track down folks with a criminal history. The FBI also plans to take NGI on the road literally by using public cameras to pick faces from the crowd and cross check them with its national repository of images. Let's just say this facial technology isn't going to be used for lighthearted Japanese vocaloid hijinks or unlocking your electronic device. The use and scope of NGI, which kicked off a pilot program in February, will likely be questioned not just by black helicopter watchers but privacy advocates as well. Facial recognition has certainly been a touchy issue in privacy circles -- something Facebook learned firsthand in Germany. Meanwhile, the Electronic Frontier Foundation is already raising concerns about innocent civilians being mixed up or included in the database. Naturally, the FBI claims that the NGI program is in compliance with the U.S. Privacy Act. On the positive side, at least they didn't name it the Genetic Lifeform and Disk Operating System.

Filed under: Misc

FBI to roll out $1 billion public facial recognition system in 2014, will be on to your evildoing everywhere originally appeared on Engadget on Sun, 09 Sep 2012 08:46:00 EDT. Please see our terms for use of feeds.

Permalink The Next Web  |  sourceNew Scientist  | Email this | Comments]]>

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Saturday, 1 September 2012

Best Buy founder wants slashed prices, Apple-style customer service in $10 billion rescue plan

Best Buy founder wants slashed prices, Applestyle customer service in $10 billion rescue plan

Best Buy founder Richard Schulze is proposing a plan to turn around the ailing electronics store as part of a $10 billion buyout. He's proposing the retailer slashes prices to compete with online rivals like Amazon, while offering Apple Store-levels of customer service. He's concerned that the current closure and size-reduction policy will spell the end of the business, which is rumored to announce another round of closures shortly. It's yet to be seen if his plan, which would mean running Best Buy at a loss for several years, would be accepted by the company's management, who are meeting to discuss the proposals at the end of the month.

Filed under: Misc. Gadgets

Best Buy founder wants slashed prices, Apple-style customer service in $10 billion rescue plan originally appeared on Engadget on Fri, 10 Aug 2012 11:06:00 EDT. Please see our terms for use of feeds.

Permalink   |  sourceWall Street Journal  | Email this | Comments]]>

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Friday, 20 July 2012

(PR) Microsoft to Acquire Yammer for $1.2 billion in Cash


"The acquisition of Yammer underscores our commitment to deliver technology that businesses need and people love," said Steve Ballmer, CEO, Microsoft. "Yammer adds a best-in-class enterprise social networking service to Microsoft's growing portfolio of complementary cloud services." ]]>

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Thursday, 31 May 2012

(PR) WD Announces Additional $1.5 Billion In Share Repurchase Program


The additional repurchase authorization is effective immediately and extends the program by five years, during which time additional shares can be authorized for repurchase. The amount of purchases will depend on market conditions and corporate considerations. Share repurchases will be made on the open market. ]]>

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