Biometrically authenticated mobile payments to break $1 trillion milestone in 2027

Mobile payments - fingerprint scan

The value of the transactions is going to breach $1.2 trillion in five years, says Juniper Research. The value of mobile payments biometrically authenticated is expected to reach $1.2 trillion worldwide by the close of 2027, according to a recent Juniper Research study. The study expects a massive growth rate from the $332 billion the transactions are currently worth. Juniper Research has provided an evaluation of the transition from traditional transaction security methods such as passwords and PINs to biometric authentication of mobile payments, in its paper titled: “Mobile Payment…

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Clearview AI must delete all UK resident facial recognition data

Facial recognition - Delete

The United Kingdom is the fourth country to require the controversial company to do so. Clearview AI, the highly controversial facial recognition company, has been ordered by the United Kingdom’s privacy watchdog, the Information Commissioner’s Office (ICO), to delete all data belonging to the country’s residents. The ICO has also issued Clearview AI a $9.4 million (£7.5 million) fine for failing to be legally compliant. The fine was issued for failing to follow the UK data protection laws with regards to Clearview AI’s facial recognition practices. This is nothing new…

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Facebook’s virtual reality investments have lost almost $20B since 2020

Virtual reality - Facebook investment

Last quarter alone, Meta spent $2.96 billion to continue the company’s attempt to build the metaverse. Meta has been aggressively pursuing its virtual reality metaverse world, but this pursuit has come with a large price tag as the company has consistently lost money on the effort until now. The metaverse is meant to allow users to navigate a VR world in the form of their digital avatars. The Facebook parent company has released its first quarter 2022 financial results and has revealed that this year alone, the virtual reality investments…

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YouTube Go to shut down in August, bringing offline videos to an end

YouTube Go - News - YouTube Logo

Google announced that the app will be brought to an end, recommending that users install the main app. Google recently announced that YouTube Go will be shutting down starting in August 2022, after which point videos will not be available for viewing offline. The company recommended that users download the standard app to stream the videos instead. The YouTube Go lightweight application first launched in 2016. Among its most popular features is the offline viewing as well as nearby sharing. The application was developed with emerging markets in mind. Like…

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Artificial intelligence researcher fired from Google in a growing trend

Artificial intelligence - You're Fired

The scientist was let go after reportedly having challenged the company’s findings. According to a recent news report, another AI researcher has been fired from Google following criticism of the company’s work. The media reports indicated that machine learning scientist Satrajit Chatterjee was let go. According to the report, Satrajit Chatterjee, an artificial intelligence researcher, was fired shortly after Google declined to publish a paper that the scientist and others had written in a challenge to the company’s earlier findings. The paper challenged the claim that computers would be able…

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