MIT can secure cloud-based AI without slowing it down

It’s rather important to secure cloud-based AI systems, especially when they they use sensitive data like photos or medical records. To date, though, that hasn’t been very practical — encrypting the data can render machine learning systems so slow as to be virtually unusable. MIT thankfully has a solution in the form of GAZELLE, a […]

Our cities house-price index suggests the property market is slowing

FROM Auckland to Amsterdam, Sydney to San Francisco, house prices in the best locations have gone through the roof. The Economist’s new house-price index covers 22 of the world’s most vibrant cities (see table). They are home to 163m people, with an economic output equal to Germany and Japan combined. The average price of a […]

World economic growth is slowing. Don’t worry—yet

IN 2017 the global economy broke out of a rut. It grew by 3.8%, the fastest pace since 2011. Surging animal spirits accompanied a rebound in business investment across the rich world. Global trade growth rose to 4.9%, also the fastest rate since 2011. Emerging-market currencies appreciated against the dollar, keeping inflation low and debts […]

Over 60,000 iPhone users in South Korea sue Apple for slowing down aging devices

Authorities in South Korea announced that 63,767 iPhone users in the country have lodged a mass lawsuit against US tech giant Apple for slowing down older models. It is South Korea’s biggest-ever class action lawsuit, and demands that Apple pay millions of dollars in damages. According to Xinhua news agency, the users are represented by […]

US oil exports are surging — and showing no signs of slowing down

Spencer Platt/Getty Images More countries are demanding oil imports coming in from the US.  The key drivers are booming U.S. production, expanding pipeline and export capacity, and a slight discount on West Texas Intermediate prices. U.S. crude oil exports are surging and going to a growing number of buyers around the world, including to the […]

Row between Serbia & Kosovo slowing European clocks by 6 minutes

Millions of clocks across Europe are running more than six minutes late because of diplomatic tensions between Serbia and Kosovo. The situation is so bad it is literally impacting the European electrical grid. Unlike normal wall clocks and watches, which keep time using quartz crystals, electric clocks use the frequency of the power grid to […]

Row between Serbia & Kosovo slowing European clocks by 6 minutes

Millions of clocks across Europe are running more than six minutes late because of diplomatic tensions between Serbia and Kosovo. The situation is so bad it is literally impacting the European electrical grid. Unlike normal wall clocks and watches, which keep time using quartz crystals, electric clocks use the frequency of the power grid to […]

Apple downgraded over ‘dramatically’ slowing iPhone X demand

Wall Street researchers KeyBanc Capital Markets and Bernstein have lowered their ratings for Apple shares due to slowing iPhone sales. This week, the firm reported weaker than expected iPhone sales for December. Read more “Soft iPhone sell-through suggests a saturated market and the lack of gross margin upside reduces our view of potential profit growth,” […]