An anonymous reader quotes a report from Yahoo: The clairvoyant folks over at the World Economic Forum warned of a “Fourth Industrial Revolution” involving the rise of the machine in the workforce, and the latest company to lend credence to that claim is none other than Walmart, which is planning on cutting 7, 000 jobs on account of automation. But the Walmart decision may be a bit more alarming for those in the workforce. As the Wall Street Journal reports (Warning: may be paywalled), the most concerning aspect of America’s largest private employer might be that the eliminated positions are largely in the accounting and invoicing sectors of the company. These jobs are typically held by some of the longest tenured employees, who also happen to take home higher hourly wages. Now, those coveted positions are being automated. The Journal reports that beginning in 2017, much of this work will be addressed by “a central office or new money-counting ‘cash recycler’ machines in stores.” Earlier this year, the company tested this change across some 500 locations. “We’ve seen many make smooth transitions during the pilot, ” said Deisha Barnett, a Walmart spokeswoman. Read more of this story at Slashdot.
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Walmart Is Cutting 7,000 Jobs Due To Automation
Trailrunner7 writes from a report via On the Wire: Attackers can add an arbitrary page to the end of a Google login flow that can steal users’ credentials, or alternatively, send users an arbitrary file any time a login form is submitted, due to a bug in the login process. A researcher in the UK identified the vulnerability recently and notified Google of it, but Google officials said they don’t consider it a security issue. The bug results from the fact that the Google login page will take a specific, weak GET parameter. Using this bug, an attacker could add an extra step to the end of the login flow that could steal a user’s credentials. For example, the page could mimic an incorrect password dialog and ask the user to re-enter the password. [Aidan Woods, the researcher who discovered the bug, ] said an attacker also could send an arbitrary file to the target’s browser any time the login form is submitted. In an email interview, Woods said exploiting the bug is a simple matter. “Attacker would not need to intercept traffic to exploit — they only need to get the user to click a link that they have crafted to exploit the bug in the continue parameter, ” Woods said. Google told Woods they don’t consider this a security issue. Read more of this story at Slashdot. 
An anonymous reader quotes a report from BBC: Strong earnings from Amazon and a boost to the company’s stock have made its founder, Jeff Bezos, the world’s third richest person, according to Forbes. Mr Bezos owns 18% of Amazon’s shares, which rose 2% in trading on Thursday. Forbes estimated his fortune to be $65.3 billion (49.5 billion British Pound). Amazon’s revenue beat analysts’ expectations, climbing 31% from last year to $30.4 billion in the second quarter. Profit for the e-commerce giant was $857 million, compared with $92 million in 2015. According to Forbes estimates, Mr Bezos’s fortune is only surpassed by Microsoft founder Bill Gates, worth $78 billion (59 billion British Pound), and the $73.1 billion (55 billion British Pound) fortune of Zara founder Amancio Ortega. Amazon had developed a reputation for announcing little or no profit each quarter, but appeared to hit a turning point last year and has seen improving earnings since. Amazon shares have spiked 50% since February. BBC’s report includes some bullet points about Bezos. He was born in Albuquerque, New Mexico, in 1964. He studied at Princeton University and worked on Wall Street. In 1994, he launched Amazon as an online book retailer. A lifelong Star Trek fan, Bezos launched Blue Origin spaceflight and aerospace firm in 2000, and more than a decade later, he purchased The Washington Post newspaper in 2013. Read more of this story at Slashdot. 
An anonymous reader quotes a report from Ars Technica: Ars is excited to be hosting this online debut of Sunspring, a short science fiction film that’s not entirely what it seems. It’s about three people living in a weird future, possibly on a space station, probably in a love triangle. You know it’s the future because H (played with neurotic gravity by Silicon Valley’s Thomas Middleditch) is wearing a shiny gold jacket, H2 (Elisabeth Gray) is playing with computers, and C (Humphrey Ker) announces that he has to “go to the skull” before sticking his face into a bunch of green lights. It sounds like your typical sci-fi B-movie, complete with an incoherent plot. Except Sunspring isn’t the product of Hollywood hacks — it was written entirely by an AI. To be specific, it was authored by a recurrent neural network called long short-term memory, or LSTM for short. At least, that’s what we’d call it. The AI named itself Benjamin. The report goes on to mention that the movie was made by Oscar Sharp for the annual film festival Sci-Fi London. You can watch the short film (~10 min) on The Scene here. Read more of this story at Slashdot. 
An anonymous reader shares an article on Fox Business: As fast-food workers across the country vie for $15 per hour wages, many business owners have already begun to take humans out of the picture. “I was at the National Restaurant Show yesterday and if you look at the robotic devices that are coming into the restaurant industry — it’s cheaper to buy a $35, 000 robotic arm than it is to hire an employee who’s inefficient making $15 an hour (warning: autoplaying video) bagging French fries — it’s nonsense and it’s very destructive and it’s inflationary and it’s going to cause a job loss across this country like you’re not going to believe, ” said former McDonald’s USA CEO Ed Rensi during an interview on the FOX Business Network’s Mornings with Maria. According to the Bureau of Labor Statistics, 1.3 million people earned the current minimum wage of $7.25 per hour with about 1.7 million having wages below the federal minimum in 2014. These three million workers combined made up 3.9 percent of all hourly paid workers. Read more of this story at Slashdot. 
An anonymous reader quotes a report from TechCrunch: Mitel announced that it would acquire Polycom in a cash-and-stock deal with a total value of $1.96 billion, creating a company with combined sales of $2.5 billion and 7, 700 employees. Polycom’s acquisition by Mitel comes at a key time in the world of enterprise communications and collaboration. On one hand, it is a time of massive change and evolution. For years a lot of the services that companies used were based on legacy networking, but in the last decade there has been a big shift to IP-based networks for many of these services. However, at the same time the whole space has been massively disrupted by startups that are upsetting by tapping into the next phase of digital services — the internet. Companies like Microsoft by way of services like Skype and Yammer, and smaller startups like Slack, are overturning the whole idea of how people who are not in the same office floor can communicate and collaborate for work. These solutions are way cheaper than a lot of the legacy offerings; they tap into the cloud-based services that are now ubiquitous to share and work on files; and they are also built in very user-friendly ways, based around tech that ordinary consumers are using. Both companies compete against the likes of Cisco and Avaya. Mitel is perhaps best known for its IP telephony solutions, including PBX systems, while Polycom is a leader in conferencing services. They also cover SIP technology, and customers span 82% of Fortune 500 companies. Read more of this story at Slashdot. 
HughPickens.com writes: Jennifer Medina reports at the NY Times that the council of the nation’s second-largest city voted by a 14-1 margin to increase its minimum wage to $15 an hour by 2020. Los Angeles and its almost 4 million residents represent one of the biggest victories yet for those pushing wage increases across the country. Proponents hope it will start to reverse the earning gap in the city, where the top 7% of households earn more than the bottom 67%. Detractors point out the direct cost increase to businesses, which could total as much as a billion dollars per year. If a business can’t handle the increased cost, the employees this measure was designed to help will lose their jobs when it folds. An editorial from the LA Times says it’s vital for other cities nearby to increase their minimum wage, too, else businesses will gradually migrate to cheaper locations. They add, “While the minimum wage hike will certainly help the lowest-wage workers in the city, it should not be seen as the centerpiece of a meaningful jobs creation strategy. The fact is that far too many jobs in the city are low-wage jobs — some 37% of workers currently earn less than $13.25 an hour, according to the mayor’s estimates — and even after the proposed increase, they would still be living on the edge of poverty.” Read more of this story at Slashdot.