Facebook is reportedly trying to analyze encrypted data without deciphering it

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Facebook is reportedly looking into analyzing the content of encrypted data without having to decrypt it. The company is recruiting artificial intelligence researchers to study the matter, according to The Information. Their research could pave the way for Facebook to target ads based on encrypted WhatsApp messages. Facebook could also use the findings to encrypt user data without affecting its ad targeting approaches.

This area of research is called “homomorphic encryption,” which relies heavily on mathematics.

From Facebook is reportedly trying to analyze encrypted data without deciphering it:

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Fraudulent Trademarks From China Swamping USPTO, Amazon, Businesses

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In a study published with the Columbia Law Review Forum in November 2020, the academics Barton Beebe and Jeanne Fromer examined a subset of trademark filings from Chinese applicants with the USPTO in 2017 and found that a significant proportion were faking documents in their applications. How many? They discovered that more than two-thirds of the trademark applications they examined included “fraudulent specimens” — and almost 40% of them were granted trademarks by the USPTO.

From Fraudulent Trademarks From China Swamping USPTO, Amazon, Businesses.

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Our Communications Commissar, Mr. Ed Vaizey, has been having some more meetings with key stakeholders (other than, for example, the public) about copyright and such like. The people consulted about this are, naturally, the vested interests who would benefit from stricter copyright enforcement (provided the costs can be offloaded onto the taxpayer) rather than the diffuse and disparate interests who would benefit an environment more supportive of innovation. But there’s more at work here than Bastiat’s candlemakers, and I suspect something pernicious. As John Naughton picked out of the Hargreaves report on Intellectual Property:

In the case of IP policy and specifically copyright policy, however, there is no doubt that the persuasive powers of celebrities and important UK creative companies have distorted policy outcomes.

[From

The stupidity of our copyright laws is finally laid bare | Technology | The Observer
]

The economist John Kay is absolutely spot on about this in his comments on the Hargreaves report.

Mr Hargreaves deplores the way government policy has been led by business interests and not evidence of its effects. The Carter report, unintentionally, illustrated his point in every chapter.

[From

FT.com / Comment / Op-Ed Columnists – Publishers badly need a new Sir Thomas Bodley
]

If the debate were led by rational business interests, maximising the value of the industry for UK plc, that would be one thing. But it isn’t. It’s led by pop stars egged on by record companies, misguided authors and the owners of rights. I put this point to none other than
Fearghal Sharkey , once upon a time the lead singer of the Undertones , but now the CEO of lobby group UK Music .

We had an honest to and fro with
Rory Cellan-Jones of the BBC in the middle and it made for an enjoyable end to a long day listening to people discussing the future of consumer electronics. I said, essentially, that I thought that copyright should be reduced to a welfare-maximising level of around 15 years in return for more effective enforcement of unauthorised copying of the material because the legal and regulatory environment should be constructed to the benefit of society as a whole and not be co-opted by the economic interests of particular sectors and he said, essentially, fuck off.

iPhone users can now use UPI, RuPay, Netbanking for App Store payments  – Technology News

Apple users in India, to choose a scale example, can now use their bank accounts to pay for App Store stuff. Up until now, users were required to add their credit or debit card details for this sort of thing, but now they can pay using their UPI account, RuPay and net banking.

The Mexico-based fintech that decided to buy a bank | Financial Times

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Like Credijusto, Finterra targets the nearly 5m small and medium-sized companies that make up half of Mexico’s gross domestic product and employ 70 per cent of workers, but struggle to access credit. But Credijusto’s unique selling point is the way it crunches electronic invoice, tax and other data to grant customers loans within hours.

From The Mexico-based fintech that decided to buy a bank | Financial Times:

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The latest thinking of European macroeconomists | The CFM-CEPR Surveys

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The CfM panel of experts on the UK economy is nearly unanimous in agreeing that a Bank of England-issued digital currency would benefit the British economy. Half of the panel also believes that a digital currency would have limited impact on the UK banking system.
Background
The June 2021 CfM survey asked the members of its UK panel to assess the benefits of a Central Bank Digital Currency (CBDC) to the UK economy and its potential risks to the UK banking sector.

From The latest thinking of European macroeconomists | The CFM-CEPR Surveys:

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What Yearn Finance’s ‘Blue Kirby’ Incident Means for Pseudonymity – CoinDesk

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Erik Voorhees, longtime bitcoiner and founder of exchange ShapeShift, told CoinDesk in an email. (The identity of Nakamoto, the creator of original cryptocurrency bitcoin, has never been conclusively determined after years of speculation, and yet the asset remains the sector’s most valuable with a $216 billion market cap.) An identifiable leader, after all, is arguably a single point of failure for a technology that depends on having none.

If given a second chance, Voorhees said, he would consider starting ShapeShift anonymously.

“Being anonymous can be very helpful to a project, but obviously people should tread carefully before reputation is established,” he said. “The problem with Blue Kirby wasn’t that he was anonymous, but that he was new. The account came out of nowhere and people threw money at it.”

From What Yearn Finance’s ‘Blue Kirby’ Incident Means for Pseudonymity – CoinDesk:

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A path to Britcoin: a UK digital currency isn’t just about the money, it’s a public service – CityAM

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The simplicity of the term Digital Pound conceals a broad range of different forms it could take, from back-end changes in electronic payment systems, largely invisible to the public, to a suite of user-facing technologies that would revolutionise how people spend their own money.

From A path to Britcoin: a UK digital currency isn’t just about the money, it’s a public service – CityAM:

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