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Top News In இந்தியா ஜிோ தளங்கள் லிமிடெட் Today - Breaking & Trending Today

Google's Loon failure raised an awkward question


Google’s Loon failure raised an awkward question
FILE PHOTO: A Google Project Loon internet balloon is seen at the Google I/O 2016 developers conference in Mountain View, California.
(REUTERS)Premium
. Updated: 07 Feb 2021, 07:13 PM IST Bloomberg
More than three billion people live in areas with mobile broadband but don’t use the internet. Why?
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A decade ago, less than a third of the people in developing regions had access to fast mobile internet connections. This “coverage gap, as it came to be known, was a worrisome phenomenon, especially to governments keen to compete in the knowledge economy and tech companies eager to profit from it. So in 2013, Alphabet Inc.’s Google announced Loon, a “moonshot project to provide internet to rural and remote regions using high-altitude balloons. ....

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A Data-Driven End to Capitalism as We Know It


Dec 28 2020, 11:48 AM
December 28 2020, 4:30 AM
December 28 2020, 11:48 AM
(Bloomberg Opinion) From interest rates to fashion, pandemics in the past — like the Black Death in the 14th century — have left deep imprints on economic life. This time may be no different. In the aftermath of the coronavirus, governments can reimagine capitalism by giving all of us a stake in the most valuable byproduct of our day-to-day living: data. But make no mistake. It will still be a Faustian bargain. 
(Bloomberg Opinion) From interest rates to fashion, pandemics in the past — like the Black Death in the 14th century — have left deep imprints on economic life. This time may be no different. In the aftermath of the coronavirus, governments can reimagine capitalism by giving all of us a stake in the most valuable byproduct of our day-to-day living: data. But make no mistake. It will still be a Faustian barga ....

Christian Fuchs , Andy Mukherjee , Southeast Asia Grab Holdings Ltd , Mastercard Inc , Facebook Inc , Baidu Inc , India Jio Platforms Ltd , Alphabet Inc , Netflix Inc , University Of Westminster , Xiaomi Corp , Samsung Electronics Co , Paypal Holdings Inc , Columbia Law School Professor Katharina Pistor , Alibaba Group Holding Ltd , China Ant Group Co , Apple Inc , Visa Inc , Tencent Holdings Ltd , Bloomberg Opinion , Black Death , Alibaba Group Holding , Tencent Holdings , Samsung Electronics , Jio Platforms Ltd , Southeast Asia ,

Owning databases that we help build: Can it end capitalism as we know it?


From interest rates to fashion, pandemics in the past like the Black Death in the 14th century have left deep imprints on economic life. This time may be no different. In the aftermath of the coronavirus, governments can reimagine capitalism by giving all of us a stake in the most valuable byproduct of our day-to-day living: data. But make no mistake. It will still be a Faustian bargain.
A global data profit will be a very different GDP from gross domestic product. The case for technology companies to share it with we, the people who supply them the bits and bytes, is compelling. In fact, it could even emerge as a better universal basic income another revolutionary concept whose time may have come for the post-Covid world. ....

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