Oct 13, 2018

The new music law and other tech news you may have missed

Waze GPS app. Photo: Linda Davidson/The Washington Post via Getty Images

The latest news on the Facebook breach Friday may have caught everyone's attention, but there was other tech-related news this week that's worth your time — including a new music law and a possible IPO from Bumble.

Catch up quick: Trump signs the Music Modernization Act into law; a Nasdaq IPO from Bumble is under “serious consideration”; Waze rolls out Waze Carpool nationwide; Amazon's AI recruiter may have favored men; and Snapchat faces a lot of problems as it launches an original video series.

Trump signs the Music Modernization Act into law (The Verge)

  • Why it matters: Many watched Kanye West meet President Trump at the White House, but what didn’t make news was the president signing the Music Modernization Act into law. The bill revamps Section 115 of the U.S. Copyright Act and aims to bring copyright law up to speed for the music streaming era. It's intended to improve royalty payouts, ensuring that artists are paid more and have an easier time collecting money they are owed.

A Nasdaq IPO from Bumble under “serious consideration” (Bloomberg)

  • Why it matters: Dating apps have become very profitable. The worldwide revenue in 2018 is projected at $3.2 billion and is expected to increase to $3.9 billion by 2023, per a Statista report.

Waze rolls out Waze Carpool nationwide (CNET)

  • Why it matters: Alphabet's first foray into ride-hailing is through none other than a classic carpooling service — a way for you to pick a few people up on your way to work without disrupting your route too much and still earn some money. After testing it for a couple of years, Alphabet-owned Waze is taking its service nationwide. Like other ride-hailing apps's carpool options, it’s an attempt to reduce traffic congestion.

Report: Amazon's AI recruiter favored men (Axios)

  • Why it matters: It's another example of how artificial intelligence has a long road ahead before it can capture the diversity of the human race. The findings, originally reported by Reuters, is a textbook example of algorithmic bias. By learning from and emulating human behavior via the hiring data used to train it, the system ended up learning the same biases and prejudices.

Time is running out for Snapchat as it launches Snapchat Originals, analysts say (NBC News)

Honorable mention: Elon Musk fired back at the Financial Times after it reported that outgoing 21st Century Fox CEO James Murdoch is the top contender for the Tesla chairman job. In a tweet, Musk called the report "incorrect."

Go deeper

Trump to end Hong Kong’s special trade status

President Trump. Photo: Win McNamee/Getty Images

President Trump announced on Friday that the U.S. would be fundamentally changing longstanding policies toward Hong Kong as a result of Chinese encroachment on the city's autonomy.

Why it matters: Trump said he would be effectively ending the special trade status that has allowed Hong Kong to flourish as a gateway to the Chinese market. That leaves an uncertain future for businesses that operate in Hong Kong, not to mention the city's 7 million residents, and could be met with reprisals from Beijing.

Updated 26 mins ago - Politics & Policy

Police officer in George Floyd killing charged with third-degree murder

A protester with a sign with George Floyd's last words. Photo: Stephen Maturen/Getty Images

Derek Chauvin, the Minneapolis police officer involved in the killing of George Floyd, was charged Friday with third-degree murder and manslaughter, according to Hennepin County Attorney Mike Freeman.

The state of play: Freeman said that the delay in Chauvin's arrest, which came four days after Floyd's death on Monday, was due to the need to collect sufficient evidence — and that it was "by far the fastest" his office had charged a police officer. He added that he also anticipated charges against the other three officers involved in Floyd's arrest and death, but refused to elaborate.

This is a breaking news story and will be updated.

Updated 27 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 3 p.m. ET: 5,871,347 — Total deaths: 362,554 — Total recoveries — 2,463,332Map.
  2. U.S.: Total confirmed cases as of 3 p.m. ET: 1,731,035 — Total deaths: 102,201 — Total recoveries: 399,991 — Total tested: 15,646,041Map.
  3. 2020: North Carolina asks RNC if convention will honor Trump's wish for no masks or social distancing.
  4. Supreme Court: Senators Grassley, Leahy urge Supreme Court to continue live streams post-pandemic.
  5. Public health: Hydroxychloroquine prescription fills exploded in March —How the U.S. might distribute a vaccine.
  6. Business: Fed chair Powell says coronavirus is "great increaser" of income inequality.
  7. 🚀 Space: How to virtually watch SpaceX's first crewed launch Saturday.