Google’s $2.1 billion Fitbit deal set for EU approval: Reuters

  • Google is expected to win EU approval for its $2.1 billion Fitbit deal after it addressed competition and data concerns, Reuters reported.
  • The internet giant has promised it will not use Fitbit data to personalize adverts for 10 years, according to a Financial Times report.
  • It will also ensure competitors can use its Android and Cloud platforms, according to people familiar with the matter.
  • The EU opened a four-month long investigation into Google’s acquisition of Fitbit in August. The deal was first announced in November 2019.
  • Visit Business Insider’s homepage for more stories.

Google’s $2.1 billion acquisition of wearables company Fitbit appears to have cleared a major hurdle.

It will be cleared by EU antitrust regulators after the tech giant agreed Tuesday to restrict how it uses customer data, according to multiple reports.

Google promised regulators that it would not personalize adverts based on user data for 10 years, up

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Startup Inks Deal With Health Insurer Anthem, Names Female Cofounder CEO

The smartphone has revolutionized the collection of healthcare data and with it the ability to personalize feedback to individual patients. The National Science Foundation estimates the internet will connect to 50 billion “smart” devices by 2020, but this ubiquity also makes the security, privacy and standardization of this data all the more imperative. Palo Alto, California-based artificial intelligence startup, which named cofounder Sam De Brouwer its new CEO on Tuesday, has built the technical infrastructure to securely collect and process disparate data in ways that engage patients., which launched in 2016 and has raised $31 million to date, provides the front-end technology to capture data, such as an app on a smartphone, as well as the backend technology, including APIs and algorithms, that can securely process and analyze that data. 

“The big mission we have is to

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Trump vows to block any TikTok deal that allows Chinese control

A deal to restructure ownership of the popular video app TikTok was thrown into doubt Monday when President Donald Trump vowed to block any deal that allows its Chinese parent firm to retain any control.

The comments raised fresh concerns over a weekend deal that appeared to avert a US-ordered ban of TikTok, which the Trump administration has called a national security risk and has threatened to ban without ownership changes.

The deal would make Silicon Valley giant Oracle the data partner for TikTok, with retail giant Walmart also taking a stake in a new entity to be called TikTok Global.

But details of the plan remained unclear, amid differing accounts on the American and Chinese shares of the new firm, and who would be in control of the data and algorithms.

Trump on Monday told Fox News that TikTok’s Chinese parent firm ByteDance “will have nothing to do with

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Amazon’s flying security camera, and Microsoft’s $7.5B gaming deal

Here’s what we’re talking about on the GeekWire Podcast this week:

a drawing of a face: GeekWire Podcast: Amazon’s flying security camera, and Microsoft’s $7.5B gaming deal

© Provided by Geekwire
GeekWire Podcast: Amazon’s flying security camera, and Microsoft’s $7.5B gaming deal

Ring, the Amazon-owned smart doorbell and security company, unveiled a flying indoor camera on Thursday morning. Sure, it’s cool technology that may make your home safer, but what about the privacy implications?

There was big news in the gaming industry from Amazon and Microsoft this week. Amazon will try again to make its mark in games, this time with a new cloud-based gaming service called Luna. And Microsoft is spending $7.5 billion to buy the parent company of Bethesda Softworks, maker of popular games such as The Elder Scrolls, Fallout, Wolfenstein, and DOOM.

And Microsoft’s Teams collaboration software will add a much-desired capability next month: the ability to create ad hoc breakout rooms. Plus, they’re adding something we didn’t know we were missing, a

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Mobileye signs driver-assistance deal with Geely, one of China’s largest privately held auto makers

Mobileye’s computer vision technology will be used in a new premium electric vehicle called Zero Concept from Geely Auto Group, one of China’s largest privately held automobile manufacturers. Mobileye’s owner Intel made the announcement today at the Beijing Auto Show. Zero Concept is produced by Lynk & Co., the brand formed as a joint venture between Geely Auto and Volvo Car Group, and uses Mobileye’s SuperVision driving-assistance system.

Intel also announced that Mobileye and Geely Auto have signed a long-term, high-volume agreement for advanced driver-assistance systems that means more Geely Auto vehicles will be equipped with Mobileye’s computer vision technology.

In a post, Mobileye chief executive officer and Intel senior vice president Amnon Shashua wrote that the deal is the first time “Mobileye will be responsible for the full solution stack, including hardware and software, driving policy and control.”

He added “it also marks the first time that an OEM

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What the GM-Nikola Deal Means for the Automotive Future

On the heels of the joint announcement from GM and Nikola about their deal to build the next generation of electric trucks, IEN tapped Maziar Adl, CTO of product decision analytics platform, Gocious, for a Q&A to discuss the significance of the announcement for auto manufacturing, how companies need to work together to make the manufacturing process seamless though the next digital revolution, and what this means for the future of the industry.

Q: Can you briefly explain what this news means for the larger manufacturing ecosystem and how you think this will play out within the coming months?

Maziar Adl, Gocious: Over the past few years, a race has begun within the auto industry to quickly develop vehicles powered by energies other than fossil fuel. While not a new effort, manufacturers are now speeding up processes to bring green alternatives to life because of rapid advancements in technology and

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ByteDance just asked China for permission to export TikTok’s technology as it tries to finalize a deal with the US government

Xi Jinping wearing a suit and tie: President Donald Trump attends a bilateral meeting with China's President Xi Jinping during the G20 leaders summit in Osaka, Japan, June 29, 2019. Kevin Lamarque/Reuters

© Kevin Lamarque/Reuters
President Donald Trump attends a bilateral meeting with China’s President Xi Jinping during the G20 leaders summit in Osaka, Japan, June 29, 2019. Kevin Lamarque/Reuters

TikTok’s parent company ByteDance has sought permission from the Chinese government to export technology, Bloomberg reported Wednesday.


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ByteDance filed a request with the Beijing Municipal Commerce Bureau asking for approval to export its technology under restrictions recently implemented by the Chinese government, according to Bloomberg.

ByteDance, TikTok, and the Commerce Bureau did not respond to requests for comment.

In August, China expanded its list of “forbidden and restricted technology exports” to include “personalized information recommendation services based on data analysis” — such as the algorithm that powers TikTok. That move threw a wrench in the TikTok deal by requiring the company to obtain a license from the government, effectively giving Beijing veto power over a deal.

Following the announcement of

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Cynicism suggests that the TikTok deal will go through

Mark Twain is credited with first saying that if you don’t like the weather in New England, just wait five minutes. The TikTok deal has followed a similar schedule.

On Friday, President Trump said downloads of TikTok would be banned from mobile app stores on Sunday, potentially preventing users from receiving critical security updates.

On Saturday, Trump said he supported Oracle’s bid to acquire a stake in TikTok and oversee some of its operations, and extended the ban date to September 27th. As part of the deal, he said, the companies involved had agreed to contribute $5 billion for “patriotic education.”

On Sunday, everyone involved took a well deserved rest. And as Monday dawned, everything went to hell.

Everyone agrees that Oracle and Walmart have bought a combined 20 percent of TikTok. But the remaining 80 percent appears to be up for grabs. Here are Georgia Wells and Alex Leary

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The Technology 202: Here are six questions about the tentative deal between Trump and TikTok

Trump told reporters that he had “approved the deal in concept.” 

But Trump’s statements about the deal generated a host of new questions. 

Here’s what we’ll be tracking over the coming days and weeks. 

1. Is this a political win for Trump? 

“Conceptually, I think it’s a great deal for America,” Trump told reporters on Saturday night. 

Trump is claiming victory because such a deal would create more American jobs and tax revenue. The president also said the agreement would ensure the security of Americans’ data. 

But the latest deal is a significant step back from the full-on sale to an American company Trump originally pushed. Oracle confirmed in a statement that its investment with Walmart would account for 20 percent of TikTok Global. 

Oracle said this morning ByteDance will have “no ownership” in the new entity. 

Upon creation of TikTok Global, Oracle/Walmart will make their investment and the

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