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Facebook to acquire WhatsApp

Facebook on Thursday said it has reached a "definitive agreement" to acquire mobile messaging firm WhatsApp for approximately $16 billion, including $4 billion in cash and about $12 billion worth of Facebook shares.

However, the ultimate cost of the deal is likely to be about $19 billion as "the agreement also provides for an additional $3 billion in restricted stock units to be granted to WhatsApp’s founders and employees that will vest over four years subsequent to closing."

WatsApp will continue to operate independently and retain its brand, while its co-founder and CEO Jan Koum will join Facebook Board of Directors, the social networking firm said in a statement.

WhatsApp’s core messaging product and Facebook’s existing Messenger app will continue to operate as standalone applications.

The acquisition supports Facebook and WhatsApp's shared mission to bring more connectivity and utility to the world by delivering core internet services efficiently and affordably. The combination will help accelerate growth and user engagement across both companies, it added.

"WhatsApp is on a path to connect 1 billion people. The services that reach that milestone are all incredibly valuable," Facebook founder and CEO Mark Zuckerberg said.

In the event of termination of the Merger Agreement under certain circumstances principally related to a failure to obtain required regulatory approvals, the Merger Agreement provides for Facebook to pay WhatsApp a fee of $1 billion in cash and to issue to WhatsApp a number of shares of Facebook’s Class A common stock equal to $1 billion based on the average closing price of the ten trading days preceding such termination date, the statement added.

Facebook was advised by Allen & Company LLC and Weil, Gotshal & Manges LLP; and WhatsApp was advised by Morgan Stanley and Fenwick & West, LLP.

Now, a printer that uses water instead of ink

     
                  

Now, a printer that uses water instead of ink

A team of chemists has unveiled a new 'water-jet' printer that uses water instead of ink.

The used paper fades back to white within a day, which enables it to be reused.

Sean Xiao-An Zhang, a chemistry professor at Jilin University in China, who oversaw work on the innovation, said that many statistics indicate that about 40 per cent of office prints are taken to the waste paper basket after a single reading.

The trick lies in the paper, which is treated with an invisible dye that colours when exposed to water, and later disappears, News24 reported.

The print fades away in about 22 hours at temperatures below 35 degree Celsius and quicker if exposed to high heat.

Zhang and his team used a previously little-studied dye compound called oxazolidine that yields a clear, blue print in less than a second after water has been applied.

The paper has been published in the journal Nature Communications. 

Facebook is likely to lose 80% of its users by 2017

     
                  

Facebook likely to lose 80% users by 2017 : Study

Facebook (FB) is likely to lose 80 per cent of its users and getting largely abandoned by 2017, researchers at Princeton University said.

John Cannarella and Joshua Spechler revealed that the charts produced by the Google Trends service show Facebook searches peaked in December 2012, but since begun to trail off, The Guardianreports.

The researchers made the forecast by comparing the growth curve of others online social networks, like bubonic plague.

Facebook celebrates its 10th birthday on 4 February and has survived longer than rivals, such as Myspace and Bebo, the report added.

However, idea manifesters lose interest with the idea over the years and no longer manifest the idea, which can be thought of as the gain of ''immunity'' to the idea, researchers said.

Although the drop in Google searches for Facebook might be because of the reason that users have moved on to their smartphones for logging on to the social platform, there has been a decrease in daily users, specifically among younger teens in last three months, the report added

All Pre 2005 notes to go out of currency from March 2013

     
                  

Now, transfer money by emailing photograph of cheques to banks

London, Dec. 26 :  A new money transfer scheme championed by Chancellor George Osborne allows bank account holders to deposit cash right from the comfort of their home or office by simply emailing the picture of a completed cheque.

Officials said that the change, which is expected to be implemented as early as next year, will speed up deposits but they dismiss fears it paves the way to scrapping cheques.

According to the Daily Express, with payments of nearly 840billion pounds made by cheques processed in the UK last year, a pensioners' charity has called for a guarantee that cheques will not be phased out.

Caroline Abrahams of Age UK said that it is essential that the new processing systems are secure and the option of paying in face to face at a bank or post office remains available to anyone who prefers to bank that way.

Meanwhile, business and consumer groups have welcomed the plan as many find the current process frustratingly slow.

The report said that a key option is to enable banks to process images of cheques rather than paper with technology widely used in the US and consumers could be allowed to snap picture of a cheque via their phone camera and sent it as an email or a text message to their bank

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Facebook, Twitter addiction may cause memory loss

LONDON: Always online? Take a break! People who spend too much time browsing social media could be squandering their memories or losing important information, a new study has warned.

Contrary to common wisdom, an idle brain is in fact doing important work - and in the age of constant information overload, it's a good idea to go offline on a regular basis, according to a researcher from Stockholm's KTH Royal Institute of Technology. 

Erik Fransen, whose research focuses on short-term memory and ways to treat diseased neurons, said that a brain exposed to a typical session of social media browsing can easily become hobbled by information overload. 

The result is that less information gets filed away in your memory. 

The problem begins in a system of the brain commonly known as the working memory, or what most people know as short-term memory. That's the system of the brain that we need when we communicate, Fransen said. 

"Working memory enables us to filter out information and find what we need in the communication. It enables us to work online and store what we find online, but it's also a limited resource," he said. 

"At any given time, the working memory can carry up to three or four items. When we attempt to stuff more information in the working memory, our capacity for processing information begins to fail. 

"When you are on Facebook, you are making it harder to keep the things that are 'online' in your brain that you need. 

Also Read :   

     Heavy Internet Users Show Symptoms

"In fact, when you try to process sensory information like speech or video, you are going to need partly the same system of working memory, so you are reducing your own working memory capacity.

"And when you try to store many things in your working memory, you get less good at processing information," he said.

You're also robbing the brain of time it needs to do some necessary housekeeping. The brain is designed for both activity and relaxation, Fransen said.


"The brain is made to go into a less active state, which we might think is wasteful; but probably memory consolidation, and transferring information into memory takes place in this state. Theories of how memory works explain why these two different states are needed.

"When we max out our active states with technology equipment, just because we can, we remove from the brain part of the processing, and it can't work," Fransen said.

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Heavy internet users show symptoms of addiction

WASHINGTON: Young adults who are heavy users of the internet may also exhibit signs of addiction, scientists, including Indian-origin researchers, have found.

Researchers at Missouri University of Science and Technology, Duke University Medical Center and the Duke Institute of Brain Sciences compared internet usage with measures of addiction.

The research, presented on December 18 at the Institute of Electrical and Electronics Engineers (IEEE) International Conference on Advanced Networks and Telecommunications Systems in Chennai, India, tracked the internet usage of 69 college students over two months.

It revealed a correlation between certain types of internet usage and addictive behaviours.

"The findings provide significant new insights into the association between internet use and addictive behaviour," said Dr Sriram Chellappan, an assistant professor of computer science at Missouri S&T and the lead researcher of the study.

At the beginning of the study, the 69 students completed a 20-question survey called the Internet-Related Problem Scale (IRPS). The IRPS measures the level of problem a person is having due to internet usage, on a scale of 0 to 200.

This scale was developed to identify characteristics of addiction, such as introversion, withdrawal, craving, tolerance and negative life consequences.

The researchers simultaneously tracked the campus Internet usage of participating students over two months.

Also Read : 

Facebook & Twitter Addiction May Cause Memory Loss

Chellappan, working with Dr P Murali Doraiswamy, a professor of psychiatry and behavioural sciences at Duke University Medical Center, found that the range of IRPS scores among participating students over the two-month period ranged from 30 to 134 on the 200-point scale.

The average score was 75. Participants' total internet usage ranged from 140 megabytes to 51 gigabytes, with an average of 7 gigabytes.

The subjects' internet usage was divided into several categories, including gaming, chatting, file downloading, email, browsing and social networking (Facebook and Twitter).

The total IRPS scores exhibited the highest correlations with gaming, chatting and browsing, and the lowest with email and social networking.

The researchers also observed that specific symptoms measured by the scale correlated with specific categories of internet usage. They found that introversion was closely tied to gaming and chatting; craving to gaming, chatting and file downloading; and loss of control to gaming.

"About 5 to 10% of all internet users appear to show web dependency, and brain imaging studies show that compulsive Internet use may induce changes in some brain reward pathways that are similar to that seen in drug addiction," said Doraiswamy.

The team cautioned that the current study is exploratory and does not establish a cause and effect relationship between Internet usage and addictive behaviour.

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Google offers live video chats with experts through Helpouts service

Google Inc is launching a service that lets consumers pay for live video chats with experts who can provide everything from step-by-step turkey cooking instructions to marriage counseling.

The Google Helpouts service, introduced on Monday, features roughly 1,000 partners in fashion, fitness, computers and other topics, available for live, one-on-one video consultations. The video sessions can be as short as a few minutes or can last several hours, depending on the topic, with pricing set by each individual provider.

The video consultations represent an expansion of Google's traditional Web search service, which for years has answered consumers' questions by pointing people to the most appropriate Web page.

While Google remains the world's No 1 Internet search engine, consumers are increasingly turning to social networks like Facebook Inc to get advice and recommendations from their friends about movies, restaurants and other topics.

"Most of the world's useful information still resides in people's heads," Udi Manber, vice president of engineering at Google said at a small briefing with reporters in San Francisco on Monday. Helpouts "opens the door to that information as well."

Manber said that Google will initially provide tight oversight of the Helpouts website, deciding which types of services can be offered on Helpouts. For providers of medical consultations, Google will conduct background checks to ensure that the provider has valid credentials.

In addition to individual experts, large brands such as Sephora, Weight Watchers and Rosetta Stone will also be offering video sessions on the Helpouts service.

Google will take 20 per cent of the fee that the providers collect from consumers for the video chats, though Google is initially waving the transaction fee for providers in the Health category.

Consumers can leave reviews of the different video chat experts and Google will refund consumers who are not satisfied with their video consultation, the company said.

 
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Microsoft's new device converts signs into speech

BEIJING: US software giant Microsoft has developed a new cost-effective sign language translator that converts signs into spoken and written language - and vice versa. 

In collaboration with researchers in China, Microsoft created the Kinect Sign Language Translator, a prototype system that understands the gestures of sign language and converts them to spoken and written language--and vice versa. 

The translator uses a computer and a Kinect camera that recognises signing gestures, then gives a spoken and written translation of languages for people who can hear. 

The system captures a conversation from both sides: the deaf person is shown signing, with a written and spoken translation being rendered in real-time, while the system takes the hearing person's spoken words and turns them into accurate, understandable signs. 

The system takes a person's spoken words and translate them into accurate signs carried out by an on-screen avatar. 

Originally developed for gaming, the Kinect's sensors read a user's body position and movements and, with the help of a computer, translate them into commands. 

It has tremendous potential for understanding the complex gestures that make up sign language and for translating the signs into spoken or written words and sentences. 

"We knew that information technology, especially computer technology, has grown up very fast. So from my point of view, I thought this is the right time to develop some technology to help (the deaf community)," said Professor Xilin Chen, deputy director of the Institute of Computing Technology at the Chinese Academy of Sciences. 

Chen has spent much of the past decade studying sign language recognition, hoping to devise a way to enable signed communication between people with hearing loss and their hearing neighbours. 

"That's the motivation," Chen said. The project was a collaboration between the Chinese Academy of Sciences, Beijing Union University, and Microsoft Research Asia.

 
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