Business, Spoken

The last time I visited Magic Leap founder Rony Abovitz at the company’s secretive Florida offices, he told me about the time he met Beaker, the meeping beeping scientist on the Muppet Show. Not the character Beaker, but the real Beaker. The guy was a film director at creator Jim Henson’s studio, Abovitz explained enthusiastically.

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Venture capital isn’t a monolith, but startup investors are compared to lemmings for a reason. Once a trend gets hot, every firm needs to make a play, or come up with a good excuse for missing out. (To be safe, if the firm does miss a trend, its partners should privately trash talk it to anyone who will listen.) Investors continue to aggressively pour money into startups.

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Facebook just loosened the leash a little on its facial-recognition algorithms. Starting Tuesday, any time someone uploads a photo that includes what Facebook thinks is your face, you’ll be notified even if you weren’t tagged. The new feature rolled out to most of Facebook’s more than 2 billion global users this morning. It applies only to newly posted photos, and only those with privacy settings that make an image visible to you.

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Last week the pilot light for my water heater went out. I tried to relight it by following the instructions pasted on the side of the heater, but they were as inscrutable as hieroglyphs. So I did what everyone does when they need to learn something: I went to YouTube. Bingo. Someone had posted a video showing how to relight my exact model. I crouched down near the heater, holding my phone at arm’s length so I could follow the instructions, as if I were peeking over an expert’s shoulder.

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The Federal Communications Commission will no longer protect net neutrality. Now, officials in more than a dozen states are trying to take on the job. Within minutes after the FCC voted to jettison its Obama-era rules that prohibit internet providers from blocking or discriminating against lawful content, New York Attorney General Eric Schneiderman said he would lead a multistate lawsuit against the agency to preserve the regulations.

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It took less than two hours of debate for the Federal Communications Commission to repeal net neutrality protections, a decision that could send ripple effects across the internet for years. Over the objections of the commission's two Democrats, the three Republican members, including Chair Ajit Pai, voted to overturn protections put in place in 2015—but not before fudging a few facts.

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The three Republican commissioners now in power at the FCC voted this week to erase the agency's legal authority over high-speed Internet providers.They claim that competition will protect consumers, that the commission shouldn't interfere in the "dynamic internet ecosystem," and that they are "protecting internet freedom." Now that the vote is done, the agency has little to do but mess around with spectrum allocations. The mega-utility of the 21st century officially has no regulator.

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The Federal Communications Commission will vote Thursday on a plan to dismantle its net neutrality regulations. But that won’t end the fight over rules that prohibit internet service providers from creating fast lanes for some content, while blocking or throttling others. Most immediately, the activity will move to the courts, where the advocacy group Free Press, and probably others, will challenge the FCC’s decision.

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Gargantuan Taiwanese manufacturer Foxconn employs more than 1 million people and tens of thousands of robots making iPhones and other electronics. It has a reputation for cost cutting, including at the expense of its workers. Now, it’s teaming up with an artificial-intelligence researcher who helped trigger Google’s reorientation around machine learning in order to make its own factories more efficient.

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Today the Federal Communications Commission voted to overturn its rules banning internet service providers like Comcast and Verizon from blocking or discriminating against lawful content. In doing so, it effectively killed net neutrality. But not every FCC commissioner was on board. The agencies's two Democratic commissioners, Mignon Clyburn and Jessica Rosenworcel, lashed out against the order during the FCC's open meeting today.

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