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BITS Daily Report

 

Monday, May 2, 2016

The New York Times

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The New York Times

Monday, May 2, 2016

 

Shopping malls need anchor stores, those giant retailers that bring in shoppers with money to spend and some time to browse all the nearby little stores.
Likewise, a high-tech region needs an anchor company, that giant or at least influential company that draws in technical talent and generates the know-how and cash for another generation of start-ups and — just maybe — the next big thing to come along.
Silicon Valley and the surrounding region have had these companies for decades, from Hewlett-Packard and Intel to Facebook and Google. The Seattle area has its giants in Microsoft and Amazon. Even Austin has had its own tech powerhouse in Dell, though that company has seen better days.
But New York? The biggest city in the country has plenty of tech companies and plenty of tech workers and it is second — though a distant second — among regional tech investment. A giant that can compete with behemoths of Silicon Valley, however, remains elusive.
This week, a group of New York tech executives and investors will unveil an effort some hope will help create an environment where a homegrown company can join the ranks of tech’s biggest companies.
New York may not be able to lure tech minds with the promise of Silicon Valley’s sunny weather. But these days, it’s probably a cheaper place to live. And that’s a good start.
— Jim Kerstetter
Julie Samuels, the executive director of Tech:NYC, with her dog, Daley, in her office at WeWork NYC. The organization will work with officials on issues that affect tech companies, before laws are passed.

New York City Casts a Net to Catch the Next Big Start-Up

By STEVE LOHR

A nonprofit, Tech:NYC, aims to work with city, state and federal officials to help make New York more appealing to start-ups, big tech companies and venture firms.

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More From The Times
Australian police and tax authorities searched the home of Craig Steven Wright, who now says he is the creator of Bitcoin, near Sydney, Australia last year.

An Australian Entrepreneur Says He Created Bitcoin, but Doubts Persist

By AMIE TSANG

Craig Steven Wright claimed on Monday to be the creator of the online currency Bitcoin. ( He said he had been forced to come forward because so many people were pursuing him.) But almost immediately, digital currency developers expressed doubt about the claim.

Anxieties have arisen since thieves stole $81 million from the central bank of Bangladesh by gaining access to an international bank messaging system called Swift.

Hackers’ $81 Million Sneak Attack on World Banking

By MICHAEL CORKERY

Thieves used the Swift network, billed as a supersecure system that banks use to authorize payments from one account to another, to steal $81 million from Bangladesh’s central bank in February. It’s raised concerns about vulnerabilities within the system.

Maye Musk will be attending her first Met Gala on Monday with her son Elon. Here, she tries on her outfit.

Elon Musk’s Mother Is Reclaiming the Spotlight

By LAURA M. HOLSON

She has appeared in a Beyoncé video, in Revlon ads and in 1996 was featured on boxes of Special K cereal. Maye Musk, 68, a nutritionist who roamed the Kalahari desert and placed in beauty pageants has had a career surge thanks in part to her eldest son, the technology titan.

A scene from “11.22.63” with Sarah Gadon and James Franco, an original series on Hulu. The streaming service is working to bundle broadcast and cable channels.

Hulu Is Said to Plan Full Cable and Broadcast Channel Streaming

By EMILY STEEL AND BROOKS BARNES

Hulu is said to be working to change from a rerun-based service as TV companies rethink the way they approach streaming video.

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Personal Technology
BITS
When Shelby Bonnie’s iPad went missing, he tracked its separate itinerary and entertained his followers with its whereabouts.

An iPad Misplaced at the Airport Takes Its Own Vacation

By NICK WINGFIELD

Using the Find My iPhone tracking feature, an owner follows the route of his device and goes online to post regular updates on its location.

TECH TIP
You can change your Instagram account from public to private in the Android, iOS or Windows Phone apps.

Sharing Your Instagram Feed (or Not)

By J. D. BIERSDORFER

Instagram’s default settings make accounts public for the world to see, but you can choose to share your photos with only approved followers.

A Manufacture New York start-up shoe line founded by Dolly Singh features a limited-edition stiletto for $900.

Brooklyn’s Wearable Revolution

By VANESSA FRIEDMAN

The borough is becoming the East Coast’s Silicon Valley, with a new development in the Navy Yards and another in Sunset Park.

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