Good morning! Here is the tech news you need to know this Tuesday.
1. Support for regulation of cryptocurrencies is growing in the US. Congress members, both Republicans and Democrats, are calling for action to address the risks posed by virtual currencies to investors and the financial system.
2. An Alphabet subsidiary, Verily, is using artificial intelligence (AI) in eye scanning procedures. This allows it to measure things such as blood pressure and age, and even whether someone smokes or not.
3. The Wikimedia Foundation has announced that it’s closing Wikipedia Zero. The project, which saw the Foundation partner with 97 mobile carriers in 72 countries around the world, allowed people to browse Wikipedia content with no data costs.
4. Apple is releasing a series of software updates to fix its most recent bug. iPhone, iPad, Apple TV, Apple Watch, and Mac users will now be able to download iOS 11.2.6, tvOS 11.2.6, watchOS 4.2.3, and macOS 10.13.3, respectively.
5. Google’s India-specific mobile payment system, Tez, is receiving its first huge update today. The update will allow users to pay bills from over 80 organisations directly from the app, both on Android and iOS devices.
6. Nokia is scaling back its digital health-related operations with a round of layoffs, just two years after the acquisition of Withings. In what the company is calling a “strategic review,” 400 jobs are being cut, as part of a €1.2 billion (£1 billion/$US1.5 billion) cost-saving plan.
7. Uber has suspended its operations in Morocco after just two years. The company is still waiting for clarity on the local regulatory framework, however, so this might just be a temporary halt like those in Norway and Finland.
8. A new CB Insight report is saying that investment in AI-related startups has risen 141% in 2017. The money invested in them now hovers close to $US15 billion (£11 billion), with 48% of funding coming from China, and 38% from the US.
9. Criminals all over the world are abducting people who have become rich with cryptocurrencies to demand ransoms from them. The so-called “cryptorich,” however, are gathering to find deterrents and solutions to the ever-increasing problem.
10. Hackers have turned the Nintendo Switch into a functioning Linux tablet. A hacking team has claimed that the bug they’re exploiting to sidestep the Switch’s security can’t be patched on currently released hardware, but there currently is no way to replicate the feat.
NOW WATCH: Briefing videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.