Apple buys UK firm Shazam for $400m. Apple has bought UK tech company Shazam, which developed an app that can identify music being played in bars or on the radio for its users. Shazam is believed to have been sold for $400m (£300m) - less than half the $1bn valuation used when the London-based firm tapped investors for cash as recently as 2015. BBC
What’s money worth if you don’t have time to enjoy it? Most of us spend much of our time working, believing that it will make us money and that money will make us happy in the long run. But we’ve got it all wrong. Research consistently shows that the happiest people use their money to buy time. People who are willing to give up money to gain more free time - by, say, working fewer hours or paying to outsource disliked tasks - experience more fulfilling social relationships, more satisfying careers, and more joy, and overall, live happier lives. The Observer
We’re all biased, but there’s hope: Eradicating our biases is just about impossible. And that’s likely for the best. We use assumptions based on previous experience to get through our lives efficiently. But, if left unchecked, biases can go too far. While we can’t eliminate our biases, we can keep them under control. One way to start?
Spend time with lots of different people and things. The more diverse our experiences, the greater range of assumptions we can make. Daily Express
New AI project ‘too dangerous to release’. A new piece of artificial intelligence (AI) software that can generate plausible-sounding text is too dangerous for public consumption, the Elon Musk-backed non-profit research firm OpenAI has ruled. GPT2 was trained using ten million sample articles and given a sentence or two as a starting point can continue the texts in the same styles. The Guardian
The bottom line. Britain imported 264,000 barrels of oil from the US every day last month, making America Britain’s biggest source of oil for the first time since the Suez Crisis in 1956, when Washington sent shipments to Britain to head off shortages. The Times
Ryanair one of Europe’s top polluting companies. Research group Transport & Environment reveals the carrier’s carbon dioxide emissions increased 6.9% in 2018, making it the tenth top polluter in Europethe first time a company that doesn’t operate coal-fired power plants has featured on the list. The findings reinforce the increasing role the airline industry plays in contributing to greenhouse gases. Bloomberg.
The bottom line. The average cost of a basic funeral (not including flowers), is £4,271 according to the Competition and Markets Authority (CMA). The price of a funeral
has gone up by 6% every year since 2004, prompting the CMA to open a full inquiry into the £2bn market. The Times