Fitbit Is Close to Buying Software Assets from Pebble

http://ift.tt/2h1ds4n


Fitbit Inc., the fitness band maker, is close to buying software assets from struggling smartwatch startup Pebble Technology Corp. in a bid to better compete with Apple Inc., according to people familiar with the matter.

The deal is mainly about hiring the startup’s software engineers and testers, and getting intellectual property such as the Pebble watch’s operating system, watch apps, and cloud services, the people said. They asked not to be identified speaking about an unannounced transaction.

The purchase price is less than $40 million, and Pebble’s debt and other obligations exceed that, two of the people said. Fitbit is not taking on the debt, one of the people said. The rest of Pebble’s assets, including product inventory and server equipment, will be sold off separately, some of the people said. An announcement is imminent, the people added. Fitbit declined to comment and Pebble Chief Executive Officer Eric Migicovsky didn’t respond to a request for comment.

The Pebble fire sale is the result of financial struggles in a smartwatch market that failed to grow as quickly or as large as initially hoped and hyped. Industry shipments slumped 52 percent in the third quarter, according to research firm IDC, and Pebble cut a quarter of its staff earlier this year.

Apple Watch sales have been lackluster compared with iPhones, although Chief Executive Officer Tim Cook told Reuters Tuesday that sales are "off the charts." 

Exclusive insights on technology around the world.

Get Fully Charged, from Bloomberg Technology.

Business

Your guide to the most important business stories of the day, every day.

You will now receive the Business newsletter

Politics

The latest political news, analysis, charts, and dispatches from Washington.

You will now receive the Politics newsletter

Markets

The most important market news of the day. So you can sleep an extra five minutes.

You will now receive the Markets newsletter

Pursuits

What to eat, drink, wear and drive – in real life and your dreams.

You will now receive the Pursuits newsletter

Game Plan

The school, work and life hacks you need to get ahead.

You will now receive the Game Plan newsletter

Fitbit has had its own struggles, with its stock slumping 34 percent on Nov. 3 after the company cut a holiday sales forecast. After years of focusing on fitness wearables, Fitbit got into smartwatches with the introduction of the Blaze this year. Grabbing Pebble’s software talent and other resources, like its developer relationships, may help Fitbit better compete with Apple’s Watch. Earlier this year, Fitbit acquired assets from payments startup Coin, which could help it add features rivaling Apple Pay too.

Job Offers

Fitbit began sending job offers to about 40 percent of Pebble’s employees in the last week. Most of these are software engineers. Very few Pebble interface designers were offered jobs and hardware teams were not offered positions, the people said. Some staff who didn’t get an offer will be given severance packages, one of the people said.

Pebble’s Migicovsky is planning to rejoin startup incubator Y Combinator as a partner advising early-stage companies on hardware development, people with knowledge of the matter said. Y Combinator’s hardware head recently left, Bloomberg News reported last month.

Pebble announced three new watches in May, the Pebble 2, Time 2, and the Pebble Core. The Pebble 2 has already started shipping to people who funded the startup through crowd-funding site Kickstarter. The Time 2 and Pebble Core will be canceled and refunds will be issued to Kickstarter backers, one of the people said.

Following the acquisition, Pebble’s offices will be closed and it will be up to Fitbit to decide whether to still use the Pebble brand, one of the people said. The former Pebble engineers will relocate to Fitbit’s offices in San Francisco, the person said. 

The deal will mean the Pebble stock held by employees is worthless, two of the people said. The money will instead go to debt holders, vendors, some of its main equity investors, and Kickstarter refunds for the Time 2 and Pebble Core orders, the people said.

Technology news and analysis website The Information reported on Nov. 30 that Fitbit was near a deal to buy Pebble.



    from Hacker News http://ift.tt/YV9WJO
    via IFTTT

    The Latest Rogue One Trailer Will Put You in a Trooper-Stupor

    http://ift.tt/2g6iu2I

    Chance-the-Rapper-Coloring-Book.jpgChance the Rapper

    The nominations for the 59th annual Grammy Awards are here, and if there’s one inarguable, inescapable takeaway from this year’s lineup, it’s that the traditional record-release model is totally dead. Why, just look at how many of this year’s big honorees-to-be unleashed their albums via streaming platforms: Beyoncé’s Lemonade—which earned nine nominations—was a surprise-release album-video combo that made its debut earlier this year on Tidal and HBO. Drake’s multiple-nominee Views was initially an Apple exclusive. And Chance the Rapper’s Coloring Book (which earned the rapper several nods, including Best New Album) never even saw a physical edition. So, clearly, the old-school model is gone, and streaming dominates all, right?

    Well, sure—except for the fact that Adele’s gargantuan 25, which was held off from streaming services for more than six months after its release, yielded five nominations, including Record of the Year, Album of the Year, and Song of the Year. And country singer Sturgill Simpson’s A Sailor’s Guide to Earth—which picked up two major nominations, including Album of the Year—debuted in the Top 10 with a large number of traditional album sales. So, clearly, the hot take from this year’s nominee list is that people still love buying albums … except, of course, when they can love streaming them!

    But maybe the real surprise of this year’s Grammy nominees is how many really excellent releases wound up getting nominated—not surprising, considering the year we’ve had. But look through the list, and you’ll see all kinds of pleasant surprises: Maren Morris’ country gem Hero landed a bunch of nods, including one in the Best New Artist category; Best Urban Contemporary Album included great entries from up-and-comers like Gallant and KING; and both Stranger Things soundtracks wound up with a slot in the Best Soundtrack Score for Visual Media field. Check out the highlights of the Grammy nominees below.

    Record of the Year:
    Adele, “Hello”
    Beyoncé, “Formation”
    Lukas Graham, “7 Years”
    Rihanna feat. Drake, “Work”
    Twenty One Pilots, “Stressed Out”

    Album Of The Year:
    Adele, 25
    Beyoncé, Lemonade
    Justin Bieber, Purpose
    Drake, Views
    Sturgill Simpson, A Sailor’s Guide To Earth

    Song Of The Year:
    Adele, “Hello”
    Beyoncé, “Formation”
    Justin Bieber, “Love Yourself”
    Lukas Graham, “7 Years”
    Mike Posner, “I Took A Pill In Ibiza”

    Best New Artist:
    Kelsea Ballerini
    The Chainsmokers
    Chance The Rapper
    Maren Morris
    Anderson .Paak

    Best Pop Solo Performance:
    Adele, “Hello”
    Beyoncé, “Hold Up”
    Justin Bieber, “Love Yourself”
    Kelly Clarkson, “Piece by Piece” (Idol Version)
    Ariana Grande, “Dangerous Woman”

    Best Pop Duo/Group Performance:
    The Chainsmokers feat. Halsey, “Closer”
    Lukas Graham, “7 years”
    Rihanna feat. Drake, “Work”
    Sia feat. Sean Paul, “Cheap Thrills”
    Twenty One Pilots, “Stressed Out”

    Best Traditional Pop Vocal Album:
    Andrea Bocelli, Cinema
    Bob Dylan, Fallen Angels
    Josh Groban, Stages Live
    Willie Nelson, Summertime: Willie Nelson Sings Gershwin
    Barbra Streisand, Encore: Movie Partners Sing Broadway

    Best Pop Vocal Album:
    Adele, 25
    Justin Bieber, Purpose
    Ariana Grande, Dangerous Woman
    Demi Lovato, Confident
    Sia, This Is Acting

    Best Dance Recording:
    Bob Moses, ”Tearing Me Up”
    The Chainsmokers featuring Daya, ”Don’t Let Me Down”
    Flume featuring Kai, ”Never Be Like You”
    Riton featuring Kah-Lo, “Rinse & Repeat”
    Sofi Tukker, “Drinken”

    Best Dance/Electronic Album:
    Flume, Skin
    Jean-Michael Jarre, Electronica 1: The Time Machine
    Tycho, Epoch
    Underworld, Barbara, Barbara, We Face a Shining Future
    Louie Vega, Louie Vega Starring…XXVIII

    Best Rap Performance:
    Chance the Rapper featuring Lil Wayne and 2 Chainz, “No Problem”
    Desiigner, “Panda”
Drake featuring The Throne, “Pop Style”
    Fat Joe & Remy Ma featuring French Montana and Infared, “All the Way Up”
    ScHoolboy Q featuring Kanye West, “That Part”

    Best Rap/Sung Collaboration:
    Beyonce featuring Kendrick Lamar, “Freedom”
    Drake, “Hotline Bling”
    D.R.A.M. featuring Lil Yachty, “Broccoli”
    Kanye West featuring Chance The Rapper, Kelly Price, Kirk Franklin & The-Dream, “Ultralight Beam”
    Kanye West featuring Rihanna, “Famous”

    Best Rap Song:
    Fat Joe & Remy Ma featuring French Montana and Infared, “All the Way Up” (Joseph Cartagena, Edward Davadi, Shandel Green, Karim Kharbouch, Andre Christopher Lyon, Reminisce Mackie & Marcello Valenzano, songwriters)
    Kanye West featuring Rihanna, “Famous” (Chancelor Bennett, Ross Birchard, Ernest Brown, Andrew Dawson, Kasseem Dean, Mike Dean, Noah Goldstein, Kejuan Muchita, Patrick Reynolds, Kanye West & Cydel Young, songwriters)
    Drake, “Hotline Bling” (Aubrey Graham & Paul Jefferies, songwriters)
    Chance the Rapper featuring Lil Wayne and 2 Chainz, “No Problem” (Chancelor Bennett, Dwayne Carter & Tauheed Epps, songwriters)
    Kanye West featuring Chance The Rapper, Kelly Price, Kirk Franklin & The-Dream, “Ultralight Beam” (Chancelor Bennett, Kasseem Dean, Mike Dean, Kirk
Franklin, Noah Goldstein, Samuel Griesemer, Terius Nash, Jerome Potter, Kelly Price, Nico “Donnie Trumpet” Segal, Derek Watkins, Kanye West & Cydel Young, songwriters )

    Best Rap Album:
Chance the Rapper, Coloring Book
    De La Soul, And the Anonymous
    DJ Khaled, Major Key
    Drake, Views
    ScHoolboy Q, Blank Face
    Kanye West, The Life of Pablo

    Best Country Solo Performance:
    Brandy Clark, “Love Can Go to Hell”
    Miranda Lambert, “Vice”
    Maren Morris, “My Church”
    Carrie Underwood, “Church Bells”
    Keith Urban, “Blue Ain’t Your Color”

    Best Country Duo/Group Performance:
    Dierks Bentley featuring Elle King, “Different for Girls”
    Brothers Osborne, “21 Summer”
    Kenny Chesney and P!nk, “Setting the World on Fire”
    Pentatonix featuring Dolly Parton, “Jolene”
    Chris Young with Caddadee Pop, “Think of You”

    Best Country Song:
    Keith Urban, “Blue Ain’t Your Color” (Clint Lagerberg, Hillary Lindsey & Steven Lee Olsen, songwriters)
    Thomas Rhett, “Die a Happy Man” (Sean Douglas, Thomas Rhett & Joe Spargur, songwriters)
    Tim McGraw, “Humble and Kind” (Lori McKenna, songwriter)
    Maren Morris, “My Church” (busbee & Maren Morris, songwriters)
    Miranda Lambert, “Vice” (Miranda Lambert, Shane McAnally & Josh Osborne, songwriters)

    Best Country Album:
    Brandy Clark, Big Day in a Small Town
    Loretta Lynn, Full Circle
    Maren Morris, Hero
    Sturgill Simpson, A Sailor’s Guide to Earth
    Keith Urban, Ripcord

    Best Rock Performance:
    Alabama Shakes, “Joe” (Live from Austin City Limits)
    Beyoncé featuring Jack White, “Don’t Hurt Yourself”
    David Bowie, “Blackstar”
    Disturbed, “The Sound of Silence” (Live on Conan)
    Twenty One Pilots, “Heathens”

    Best Metal Performance:
    Baroness, “Shock Me”
Gojira, “Silvera”
    Korn, “Rotting in Vain”
    Megadeth, “Dystopia”
    Periphery, “The Price is Wrong”

    Best Rock Song:
    David Bowie, “Blackstar” (David Bowie, songwriter)
    Radiohead, “Burn the Witch” (Radiohead songwriters)
    Metallica, “Hardwired” (James Hetfield & Lars Ulrich, songwriters)
    Twenty One Pilots, “Heathens” (by Tyler Joseph, songwriter)
    Highly Suspect, “My Name is Human” (Rich Meyer, Ryan Meyer & Johnny Stevens, songwriters)

    Best Rock Album:
    Blink-182, California
    Cage the Elephant, Tell Me I’m Pretty
    Gojira, Magma
    Panic! at the Disco, Death of a Bachelor
    Weezer, Weezer

    Best Alternative Music Album:
    Bon Iver, 22, A Million
    David Bowie, Blackstar
    PJ Harvey, The Hope Six Demolition Project
    Iggy Pop, Post Pop Depression
    Radiohead, A Moon Shaped Pool

    Best R&B Performance:
    BJ The Chicago Kid, “Turnin’ Me Up”
    Ro James, “Permission”
Musiq Soulchild, “I Do”
    Rihanna, “Needed Me”
    Solange, “Cranes in the Sky”

    Best Traditional R&B Performance:
    William Bell, “The Three of Me”
    BJ The Chicago Kid, “Woman’s World”
    Fantasia, “Sleeping with the One I Love”
    Lalah Hathaway, “Angel”
    Jill Scott, “Can’t Wait”

    Best R&B Song:
    PartyNextDoor featuring Drake, “Come See Me” (J. Brathwaite, Aubrey Graham & Noah Shebib, songwriters)
    Bryson Tiller, “Exchange” (Michael Hernandez & Bryson Tiller, songwriters)
    Rihanna, “Kiss It Better” (Jeff Bhasker, Robyn Fenty, John-Nathan Glass & Teddy Sinclair, songwriters)
    Maxwell, “Lake by the Ocean” (Hod David & Musze, songwriters)
    Tory Lanez, “Luv” (Magnus August Høiberg, Benjamin Levin & Daystar Peterson, songwriters)

    Best Urban Contemporary Album:
    Beyoncé, Lemonade
    Gallant, Ology
    KING, We Are KING
    Anderson .Paak, Malibu
    Rihanna, Rihanna

    Best R&B Album:
    BJ The Chicago Kid, In My Mind
    Lalah Hathaway, Lalah Hathaway Live
    Terrance Martin, Velvet Portraits
    Mint Condition, Healing Season
    Mya, Smoove Jones

    Best Music Video:
    Beyoncé, “Formation”
    Leon Bridges, “River”
    Coldplay, “Up & Up”
    Jamie xx, “Gosh”
    OK Go, “Upside Down & Inside Out”

    Go Back to Top. Skip To: Start of Article.


    from WIRED https://www.wired.com
    via IFTTT

    Tuesday assorted links

    http://ift.tt/2h2WyFu

    The post Tuesday assorted links appeared first on Marginal REVOLUTION.



    from Marginal Revolution http://ift.tt/oJndhY
    via IFTTT

    The Westworld finale: frustrations, revelations, and how the whole first season holds together

    http://ift.tt/2g60FB0

    [Warning: spoilers ahead for Westworld in general, and the season finale specifically.]

    The first season of HBO’s Westworld had a solid run, reportedly opening with better season-one numbers than the network’s breakout hit Game of Thrones, spawning a ridiculously huge wave of new podcasts and fan conversations, and earning a second-season renewal before the first season even closed. It’s certainly been a success for the network, in terms of drawing attention to the network and building a fast fanbase. But has the show lived up to the hype, or to its potential?

    Tasha: I found the Westworld finale more satisfying than I was expecting in a lot of ways. It’s great to have the William theory confirmed so we can move on, and to understand the maze and Arnold’s death, and the Man In Black’s status in Westword. It’s good to see Bernard back in action. The first violent stages of the bot revolution feel like the catharsis we’ve been waiting for over the course of the last 10 episodes. And the final moments of the episode suggest a great season to come when the show returns in 2018.

    But the finale had its disappointments, too. After all that stalling over Maeve’s plotline, we’re still not going to let her try to escape the park, or confront her programming? Her chasing her daughter feels like such a step backward for me — not overcoming the “recruit and escape” programming she won’t acknowledge, but reverting to an earlier programming agenda, even though she knows the bot she’s after isn’t really her daughter, and that her history is just an illusion. She left Hector behind… why exactly, given that she had no idea what she was going to encounter past that elevator, and what she’d need to survive it? What the hell does Felix want, and why does his vague sense that Maeve is sapient extend to going along without question once her followers start mutilating and murdering humans? Ten hours into this show, why are everyone’s motives still so hazy?

    HBO

    Adi: My primary frustration with Westworld is that everyone's motives and actions seem so transparently designed to serve whatever particular bit of mystery or symbolism the show is trying to convey at the moment. There's no point in trying to get into the characters' heads, because there's just nothing there. Maeve has to leave Hector behind because it'll make the ending more dramatic. Ford has to do what feels like an about-face on AI consciousness because it threw us off the twist. William has to turn evil because he's the Man In Black, and so on. (Incidentally, I’d love to see the meeting where he sold Delos on funding his ultraviolence vision quest. I bet it involved a PowerPoint of all his totally sweet kills.)

    There's a certain meta-satisfaction in a show about programmed humans gaining consciousness making you relate to all its characters on the level of narrative programming, but that’s also an easy out.

    Chris: Who is William, and why did he become the Man In Black? I don’t feel satisfied with the show’s answer, that the park did just what Logan said it would: awaken the sociopath buried within the feeble man.

    William is the ultimate MRA

    For me, William’s arc was akin to an origin story for a Men’s Rights Activist. The quiet nerd with a heart of gold discovers the woman he loves is imperfect — she’s a bot! — and his reaction is a vendetta against everyone like her. He kills and mutilate dozens, maybe hundreds of other bots, and when he finally meets Dolores again — catches her handing her can of milk to another man, no less! — he realizes, what, that he needs to own this park outright? At first, I wondered if maybe the finale would have clicked had I not assumed William and the Man In Black were the same person. But no, the motives don’t track for me, whether they apply to two characters or just one.

    Tasha: For one shining moment in the finale, I really thought Joy and Nolan were going to hand us all the surprise of our lives by revealing that Logan snapped at some point after Billy did, and killed him, and that Logan is the Man In Black. It would have been a plausible twist — Logan’s been around for much of Billy’s madness, Logan was already a sociopath, Logan was already obsessed with the park, and Logan naturally has the power and money that would let him take on the MIB’s role. His vendetta against Dolores would make perfect sense in a way that William’s doesn’t, not entirely. Why does William give up entirely on her hints of sentience, to the point where he’s apparently (so far as we know, since we thankfully don’t see it on-screen) willing to repeatedly rape and murder her? Wouldn’t the Logan twist have been more surprising at this point?

    Adi: You could argue that the Man In Black is supposed to be the dark mirror of Ford's own belief that suffering creates humanity — that he's upset to find that a complexity he originally thought existed in the game is absent, and he's kept trying to create it by hurting Dolores the way Ford hurt Bernard. I think this is interesting, because Westworld, overall, suggests that the act of creating a fictional character is to some extent inherently sadistic. Ford does it with a veneer of artistry, but in the end, the two of them are similarly amoral. And it makes William less MRA-ish or troll-y and more the kind of GTA or Red Dead Redemption player who’s into clinical, methodical game-breaking.

    But I can't connect the dots between the William who wants to find a deeper level in the park by shocking its inhabitants awake, and the one who just seems to think shooting people over and over is fun — except that it let the writers give him a bunch of different villain speeches.

    HBO

    Chris: You know what I loved, though? Maeve. Can we talk about how badass Maeve is? And how her twist — she was being controlled all along — was more surprising than the Man In Black gotcha? I was disappointed in having a character’s motive reduced to “She was programmed to do this,” but at this point, I’ll take what I can get.

    Adi: Agreed on Maeve. I suspected she was being programmed to wake up and escape, but that didn’t make her any less fun to watch.

    Tasha: I just kept wanting that plotline to move faster, or have more twists. I love Maeve’s character when she’s doing specific new things, like recruiting Hector by alerting him to the holes in his story, or chasing down Clementine out of a sense of loyalty. Thandie Newton’s performance is a highlight of the show for sure. But this season had way too many scenes of her getting naked and dead and languidly threatening Felix and Sylvester, without adding anything new to the story. And Sylvester’s willingness to cooperate got more and more difficult to buy as that storyline went on. I’m also just baffled by what passes for security at Westworld. Everyone works out of glass rooms, but no one ever notices all the ridiculous stuff going on right next door, like two men spending every work day arguing with the same bot? Or, apparently, one tech masturbating on Hector on a regular basis?

    For the love of god, why does no one notice the masturbating?

    Bryan: I’m going to be the one erring on the side of a generous reading, I think, but I actually found Maeve’s turn incredibly satisfying. I read it both as her being a take-no-prisoners badass, as Chris says, but also as a character who slips (or is about to slip) the leash of her preprogrammed escape mission. We learned during the episode that her breaking free and causing a robot uprising was part of Ford’s grand narrative, and not something she was organically doing herself — and that certainly seemed to include the escape. And the end, she can’t go through with it because the emotional attachment to her daughter proves too strong, but when she leaves the train, the entire station immediately shuts down.

    Was that because Ford wanted her to leave, so the stage lights were turned off the moment she was supposed to leave the station? Or was it a function of her being made to suffer, just a little more, by coming to the realization that even her unyielding emotional connection to her daughter was a bit of programming she couldn’t deny? Either way, it points to character getting ready to make the same leap to sentience that Dolores did — and who doesn’t want a fully independent Maeve walking around, ready to settle scores?

    That said, the William reveal gutted the show for me, emotionally. William was the only human innocent (or Westworld’s version of an “innocent”) left, and the Man In Black reveal sucked a certain emotional component out of the show. But that’s also making room for what are arguably going to be the second season’s new innocents: the hosts themselves.

    Chris: Considering just how much the show lost me in the back half of the season, I’m surprised how eager I am for what comes next. Conscious hosts, free of loops and preprogrammed motives, should allow for more traditional stakes. I’m getting ahead of myself, but I love the idea of boardroom intrigue in which hosts and humans are brokering the future of the park — if not the world.

    Tasha: That look of “Well finally!” satisfaction on the MIB’s face as he sees what he wanted all along — an army of angry, vengeful robots charging at him, capable of actually hurting him — pretty much mirrors how I felt at the idea of the story leaving its coy, circular, repetitive “What do these characters really want?” phase and entering some new, more direct era where people act on their desires instead of circuitously discussing them, then contradicting them. In the post-show “inside the episode” featurette, Jonathan Nolan says season one was about control, and season two will be about chaos. Bring on the chaos!

    HBO

    Chris: I’m curious what y’all think of the maze, which wound up being something of a roadmap to this moment of consciousness. Our own Chaim Gartenberg believes there are essentially two mazes, one for bots on the path to consciousness, and a more literal one created by Ford for the Man In Black, a distraction that kept the leading shareholder busy: the toy in the cemetery — Ford reburied it there. And the maze-scalps — which don’t make sense if the maze is for hosts — are a misdirection, too. But if that’s the case, then the maze really is for the Man In Black. And if it’s a distraction, why does it have an endpoint?

    The maze is for the viewers, not the characters

    Adi: As with so much of the show, the maze makes sense to me if you think of it as a motif for the viewers, not a coherent part of the in-world fiction. But if we're going for a Watsonian explanation, the maze was originally a metaphor Bernard used with Dolores, but William became aware of it after meeting her, and began laboring under the idea that it was a literal "hidden level" to the game. Ford became aware that he was looking for it, and designed a narrative around those expectations, whether to distract William / MIB, or just to mess with him.

    As for how no other guests did anything with the clues, or how the Man In Black stuck with it for 30 years without just asking Dolores, or what this has to do with the fourth-wall-breaking religion that has its own artifacts pointing to the existence of the park management, or if that’s where the maze Maeve dies on — your guess is as good as mine.

    Tasha: I thought the payoff to “the maze is not for you” was one of the best low-key reveals of the entire show. As soon as we understand about the consciousness maze, it’s clear that at best, William’s been chasing some deliberate machination of Ford’s for 30 years, and at worst, he’s been chasing his own basic misunderstanding of the world. And there’s no way he’s going to accept or understand that. That’s a tragedy on an immense scale, and it’s one of the few reveals all the speculation couldn’t spoil, because it’s not about what the audience learns, it’s about which characters learn the nature of the maze, and which ones can’t.

    That said, I can’t make the maze Maeve dies in fit either the metaphor explanation or the Ford explanation, since the former implies it’s not really there, and the latter implies Ford somehow predicted who William would pick for his random act of savagery, and where it would take place. And the timeline on Maeve’s death doesn’t make any sense to me — young William slaughtered entire camps full of people and discovered his inner kill-crazy sociopath and started murdering Dolores regularly, but he waited 30 years to kill Maeve and her child, and that was some sort of turning point of shattered innocence?

    Really, the best theory I’ve heard is that the entire point of the maze is to make fun of the fans who obsessively analyze every frame of a show, then — as with True Detective season one — ultimately find out they were overthinking it.

    HBO

    Adi: I know we think the park’s going to be opening up in general next season, but… what do we think of Samurai World?

    Bryan: When I first saw the corner of the Samurai World logo, I thought we were seeing the maze graphic showing up out of game, and I wanted to throw my remote at the screen. But once it became clear what was going on, I’ll admit I went into logistics mode. How big would Samurai World be? Wouldn’t those R&D offices be a lot closer to the Samurai World park itself, instead of right next door to the Westworld labs? And was there really a thought-through idea here, beyond “Samurai costumes will be really easy for people to scan in the background while the hosts are fighting?”

    That said, I was very happy they went for something a bit more diverse than what had been hinted at in the original movie, where the two other worlds were Medieval Times and “Roman World.” And it’s also an interesting clue as to which cultures are most dominant — and have the most 1 percenters that could afford this kind of thing — in the future-word of the series. There’s a lot of potential there if the second season dives into Samurai World… but that’s also going to be heavily execution-dependent. It also raises an important question for the show moving forward: will it try to incorporate these new worlds to a large degree, with a new nascent robot uprising, or will it continue to be centered around Dolores, Teddy, and the Man In Black, who appears to finally have the formidable enemies he’s been dreaming of?

    What does the end of this season imply about the next season?

    Adi: This makes me yearn for a novelization, because outside the sexy AI consciousness and murder stuff, there's so much to say about an attempt to create "realer-than-real" versions of the past that are always going to be mediated through our biases and sanitizations. On the grand side: how do you create an entertaining game for people who would have been treated as subhuman in the actual versions of these worlds? On the small: if they don't tailor meals to modern palates, the food in Westworld would really suck.

    Tasha: Putting Samurai World’s R&D department next door to Westworld’s may not make any sense, but it sure does make for memorable images. (Much like SHIELD putting its secret Captain America isolation-and-containment base in the middle of Times Square, solely for a big flashy reveal at the end of Captain America: The First Avenger.) And as much as Westworld’s storytelling choices frustrate me, I simply cannot fault the show in any way for its image-making. This entire season has been packed with indelible, iconic shots — Dolores waking up to the same day every day, staring up from her pillow. All those hosts sitting naked and passive on uncomfortable stools for interviews. The piles of host corpses in the glass wash-off room, and Maeve seeing them for the first time. Ford at his desk, with those twisted masks on the wall behind him. The visual look of Westworld is impeccable.

    HBO

    Chris: I want to second this point. For whatever gripes I had with the storytelling, I was wowed every week by the sheer craft behind this project. The glass sets were instantly iconic, so much so that I immediately took the design for granted. The acting, the music, the props, the art direction, and the score. Everything around the story was top-notch. And even the story, for all its faults, was ambitious in a way few shows on television are. Storytellers with a habit for swinging for the fences paired with some of Hollywood’s artisans is a promising setup for future season.

    Tasha: The score! Man, the idea of plugging those jokey little player-piano covers of pop hits into the background remains hilarious to me. And now that the season’s ended without any overt speeches about the metaphor of the player piano — that much-seen metaphor for a machine pretending to create art, but just mechanically going through the same motions over and over — I can finally feel free to fully love it as an image without worrying that someone’s going to ruin it by laboriously explaining its relevance to the show.

    ‘Westworld’ has an amazing knack for individual images and powerful moments

    And Westworld has the same power when it comes to building specific moments, especially of host realizations and the little steps toward sentience, starting with Dolores swatting that fly, and building up to payoff moments like Maeve narrating the world into whatever she wants it to be, or Bernard regaining his memories and briefly losing his mind. In the finale, I had just started to get annoyed by Dolores and Teddy’s maudlin, speechy beach farewell when the cameras pulled back to reveal it was all a deliberate artificial staging — and my jaw dropped. What a great image, showing how once again, all these characters’ hopes and fears and agonies are just cheap entertainment for a barely invested audience! My negative reactions to the show are all entirely because it manages such satisfying and amazing sequences — individual confrontations or conversations or reveals — and I wish they had the cumulative power that they have individually. But I think even as we’re fussing over all the things the show fails to justify, pull together, or follow through on, we need to acknowledge all the things it does well.

    Adi: It would have been easy for Westworld to have gotten dragged down by its own lore, so I’m really happy that the show went for that very light, moment-driven touch. It’s no small thing that it managed to be consistently novel, visually dramatic, and entertaining, and it’s held my interest in a way that a lot of HBO’s dramas haven’t. Even when I think it doesn’t pull something off, I feel like I’m always productively arguing with the show — the fact that I have a half-dozen different crossovers and rewrites in my head alone is proof that it’s tapped into something fun. I know it’s going to be a long time until season 2, but I hope some people are going to write amazing fan-fic while I’m waiting.



    from The Verge http://ift.tt/oZfQdV
    via IFTTT

    *Westworld* as Haitian Hegelian instantiation

    http://ift.tt/2gTPOHc

    I don’t want to give you spoilers, so I’ll put key points behind links — read them at your peril.  The ending of last night’s finale reminded me of this historical episode in 1804.  Bernard reminds me of this Haitian figure, this fellow too.  Anthony Hopkins is an updated version of the impresario from this 1932 movieAs for the Hosts:

    Haitian slaves believed that dying would release them back to lan guinée, literally Guinea, or Africa in general, a kind of afterlife where they could be free. Though suicide was common among slaves, those who took their own lives wouldn’t be allowed to return to lan guinée. Instead, they’d be condemned to skulk the Hispaniola plantations for eternity, an undead slave at once denied their own bodies and yet trapped inside them—a soulless zombie.

    Zombies can change their “status” through a number of means.  Don’t show them the ocean!

    zombies

    And that symbol everyone is always asking about and trying to discern the meaning of?  That is a vevé, obviously.

    And to frame the whole thing, here is Hegel on the master-slave dialectic.

    The post *Westworld* as Haitian Hegelian instantiation appeared first on Marginal REVOLUTION.



    from Marginal Revolution http://ift.tt/oJndhY
    via IFTTT

    Predicting Westworld: The Real World

    http://ift.tt/2fZRu4Z

    Every week, I swing for the fences with one massive theory about the future of Westworld. Am I wrong? Am I right? We probably won’t know for sure for years, so why not enjoy the present?

    In the middle of Westworld’s season finale, the young board member Charlotte Hale prepares a coup against park founder Dr. Robert Ford. To the childish story director Lee Sizemore, Hale describes an anodyne vision for the future of the resort following its creator’s forced retirement: “Simpler, more manageable […] this place is complicated enough as it is.” After a 10-episode introductory season — throughout which Westworld’s creators withheld key information and retconned the backstories of lead characters for the sake of plot twists that themselves are merely setups for even more shocking turns — a simpler, or at least more manageable, Westworld doesn’t sound so bad.

    I wonder if the creators agree, as they appear to heed their own advice with the final episode: an hour of expository answers to nearly every one of the show’s questions, spliced in with a bloodbath that should surely get the park erased from the earnings report of parent company Delos. By killing their darlings, literally, the writers have set the stage for a second season that can stand independent of its source material, the horror film about a self-aware bot in a fabricated Wild West. It could also potentially leave behind the narrative trickery that, for better and worst, has come to define the show.

    Between all the monologuing and violence, Westworld hints at a show that will be more acutely focused on the promise of its pilot: the parallel stories of the humans who create a new and immortal life, and the powerful bots who reject being enslaved by their creators.

    HBO

    The theory:

    The future of Westworld the TV show will be far more ambitious and interesting than Westworld the park.

    The speculation:

    But what does it all mean?

    It appears this column is stuck on a loop of its own. A couple weeks back, I predicted “Westworld the show will leave Westworld the park — and in the process, go full Lost.” In some ways, the finale is vindication. Like Lost’s hatch, Westworld’s maze led the audience underground in search of an answer to the million-dollar existential question “What does it all mean?” And Maeve’s escape attempt revealed Westworld is just one venue in a larger operation — Samurai World, it turns out, is just a short jog from the employee lunchroom. If anything, my theory didn’t go far off.

    When I say Westworld will be bigger than its amusement-park namesake, I don’t just mean there will be more amusement parks. I mean Westworld the show will, over the following seasons, become about something bigger: the rise of the machines.

    HBO

    The evidence:

    With both founders dead and 30-some years of backstory uncovered, there simply isn’t enough blood left to be squeezed from the stone that is the Westworld park — at least, not enough blood to cover another 10 episodes. To support that claim, let’s review where the park stands after the season’s final gory moments:

    As his final act, Ford has, at worst, organized a robot uprising against the Delos board members on the Westworld park premises. At best, he’s gifted the robots some state of consciousness or freedom. So some execs have been killed, or are about to get killed, and some bots (looking at you, Dolores) have achieved sentience, or may be on their way.

    Westworld the park won’t survive this bloodbath

    Meanwhile, Maeve, apparently obeying a loop authored by a programmer, likely Ford, has massacred a number of park employees, while helpfully introducing the audience to what looks like a second park, labeled SW, seemingly starring a cast of bots inspired by feudal Japan. Speaking of Maeve, she has broken the cardinal rule of artificial intelligence, and killed humans. As have her conspirators. And those aren’t even the biggest kills of the week.

    Dolores has killed Ford! And we now know for certain that Dolores killed Arnold so many years ago. Killing, the show strongly hints, is the breakout act of consciousness. I suppose that makes sense for AI created, in part, by a man who believes suffering is the seed from which consciousness grows.

    The mysteries of the park are solved, and the ground itself is caked in blood. And at least one bot has sentience, distancing the show from its complicated loops, and low emotional stakes. I hope in hindsight, the first season will play like a prologue: a massive dose of scene-setting for the real story, whatever that may be.

    HBO

    The odds:

    1:1. Even though Maeve couldn’t leave Westworld this season, Westworld will one day abandon the park. We know other parks exist — Maeve’s “child” is located in “Park 1” — so we can expect to see more locales. And we know Dolores believes “the world belongs to someone who has yet to come,” and by the world, she’s not talking about her hellish life in Frontierland. So the question isn’t if the show will leave the Wild West, it’s where will the story go from here. Will we get another season in another park? Will we see office life at Delos? Or will we get a look at the utopia apparently everybody wants to escape?

    The show offers one silly (and unlikely) hint:

    “They say great beasts once roamed this world — as tall as mountains,” Dolores says. “Yet all that’s left of them is bone and amber.” It’s a coy wink to another story about an amusement park gone wrong: Jurassic Park. Of course, the odds of the AI revolution including dinosaurs is an even bigger long-shot. I’ll put the Michael Crichton remix at 5,000,000:1.

    PREVIOUSLY ON PREDICTING WESTWORLD:

    Predicting Westworld: our pre-finale theory blowout

    Predicting Westworld: waking up inside a dream

    Predicting Westworld: so it’s Lost

    Predicting Westworld: you-know-who is actually a bot

    Predicting Westworld: where the AI comes from

    Predicting Westworld: it’s a memento mori

    Predicting Westworld: Dolores’ timeline is in the distant future

    Predicting Westworld: the bots are human



    from The Verge http://ift.tt/oZfQdV
    via IFTTT

    'Westworld' unlocks more mysteries in season finale

    http://ift.tt/2gWTnfX


    "Westworld," appropriately, had a maze at the center of its story, since its arcane and elaborate plot often resembled one. Yet while the HBO series departed from its source movie -- in ways both ambitious and occasionally frustrating -- the 90-minute finale seemingly circled back to it.

    Showrunners Jonathan Nolan and Lisa Joy (who wrote Sunday's episode, with Nolan directing) have incorporated callbacks to Michael Crichton's 1973 film during the 10-chapter run. In some respects, though, this "Westworld" came to owe as much of a debt to "Inception," the movie by Nolan's brother Christopher, as it probed ever deeper into levels of consciousness, and at what point the realistic robots (or "hosts") in the show's space-age amusement park achieve true sentience and life.

    For committed fans, the show presented a kind of puzzle, with many of their theories explicitly validated by the exposition-heavy finale. That included the fact that the mysterious Man in Black (Ed Harris) and the vulnerable park newcomer William (Jimmi Simpson) were the same person, several decades apart; and that the much-abused robot Dolores (Evan Rachel Wood) had killed Arnold (Jeffrey Wright), the park's co-founder, who was plagued by doubts about the morality of what he and his partner were doing.

    By inviting those guessing games -- and actually building toward them in a way that at least partially rewarded amateur sleuths -- "Westworld" has picked up a proud tradition established by "Lost," another series that counted J.J. Abrams among its producers.

    Like that show, however, every mystery the finale unlocked left behind another unresolved one, and even opened up a few more. That includes the fate of Maeve (Thandie Newton), the host who began to lead a bloody revolt against servitude -- like the robots in the movie -- as she sought to escape into the real world.

    The closing moments, meanwhile, with the park overseer, Ford (Anthony Hopkins), essentially committing suicide by Delores in front of the board of directors, was emblematic of "Westworld's" willingness to take chances -- but also reinforced why its longterm viability is so clouded. What happens now, after all, if those slain people don't return to their privileged lives, unless the plan is to replace them with robot copies -- which, incidentally, was the plot of the original movie's sequel, "Futureworld."

    "In order to escape this place you will need to suffer more," Ford told Arnold's mechanical clone, Bernard. That promises a lot more violence, but doesn't offer much of a clue as to what comes next -- or instill confidence that "Westworld" won't write itself into a creative corner from which there's no satisfying reboot.

    Those misgivings, frankly, have somewhat undermined, or at least cast a shadow over, the show's considerable accomplishments. For starters, the cast was simply extraordinary, even more so considering the central premise -- that many of them were machines, who could simply be reset -- significantly blunted the drama, especially in the early stages.

    Similarly, the musings about how humans interact with artificial intelligence were surely provocative, but at times felt half-baked. The most interesting conceit remains how the writers flipped the whole idea on its head -- exploring how when freed of consequences, it's people (OK, extraordinarily wealthy people able to afford a ticket to the park) who become the monsters, not the machines.

    That "Westworld" invited all these questions explains why it's become perhaps the buzziest drama HBO has offered since "Game of Thrones," if not one apt to grow much beyond its dedicated core.

    Credit Nolan, Ray and company with refashioning an old title into something that felt both new and timely -- no small feat in an age of abundant revivals; still, the finale reinforced a sense that the program wasn't free of glitches -- or, necessarily, built to last.



    from CNN http://ift.tt/1UBaoaB
    via IFTTT

    Goldman's Bear Case In 7 Steps: "We Are In The 98th Percentile Of Historical Valuations"

    http://ift.tt/2gTkr1Y

    Having been on the fence about an upside case for the S&P for the greater part of 2016, Goldman's chief equity strategist David Kostin finally threw in the towel earlier this week when, as we reported, Goldman raised its S&P price target from 2,100 (as of year end 2016) to 2,400 for mid-year 2017 on what it calls "Trump Hope" (as apparently does everyone else, see "The World Has Changed" - Average S&P Target Before Trump: 2,087; After Trump: 2,425"), which it then sees dipping to 2,300 by year-end 2017 on "Trump Fear."

    Having explained what "Trump Hope" means before, here is a quick recap of what "Fear", according to Goldman Sachs whose former partner Steve Mnuchin will be running the US Treasury, looks like: by mid-2017 inflation will reach the Fed’s 2% target, labor costs will be accelerating at an even faster pace, and policy rates will be 100 bp higher than today. Rising inflation and bond yields typically lead to a falling P/E multiple. Congressional deficit hawks may constrain Mr. Trump’s tax reform plans and the EPS boost investors expect may not materialize. Potential tariffs and uncertainty around other policy positions may raise the equity risk premium and lead to lower stock valuations in 2H.

    And here are the details, where as Goldman politely puts it, is where the "devil is to be found."

    First, as Goldman warns, while investors have been focusing on the prospect of a lower statutory corporate tax rate, the firm's US economist Alec Phillips notes that it will likely come with provisions that will offset much of the benefit of a lower rate. For instance, under the House Republican plan, several corporate tax incentives, such as the interest expense deduction, would be repealed. Furthermore, the plan proposes a redefinition of foreign and domestic income based on where sales, rather than production, occurs. Furthermore, under Mr. Trump’s plan, the deficit as a percentage of GDP  would jump from 3.2% in 2016 to 5.0% in 2017 and 6.1% in 2018. The annual deficit will rise from a projected $590 billion in 2016 to $960 billion in 2017 and $1.2 trillion in 2018. Our US economics team has a more restrained baseline forecast that projects the deficit as a percentage of GDP will be 3.4% in 2017 and 4.0% in 2018 while the deficit will total $650 billion in 2017 and $800 billion in 2018.


    Second
    , another key risk of President-elect Trump’s proposed economic policies is higher inflation. Realized measures of inflation have steadily risen in recent months. Core CPI now stands at 2.2% while  core PCE, the Fed’s preferred inflation metric, has risen to 1.7% from 1.3% last year (see Exhibit 24). At the same time, reduced labor market slack has supported wage growth and our GS Wage Tracker stands at 2.6%, its highest level post-crisis (see Exhibit 25).


    Third
    ,
    the bond market has started to price in a macroeconomic landscape of higher inflation and interest rates. Ten-year forward inflation expectations rose by 20 bps to 1.9% in just two weeks following the election (see Exhibit 26). Higher expected inflation has pushed 10-year nominal interest rates to 2.3%, an increase of 50 bp in just a few weeks. Looking forward, Goldman's Economics team and the  market expect bond yields will rise in 2017. Additionally, Goldman expects the short end and long end of the yield curve will rise faster than currently priced by the market (see Exhibit 27). In other words, the Fed is now behind the curve, pardon the pun.


    Fourth
    , with the 10Y yield coming just shy of 2.50% on Thursday, financial conditions as dictated by the bond market are tight enough to start pressuring stocks. Recall that as Goldman also explained last week, "a rise in US bond yields above 2.75% would create a more serious problem for equity markets: at that point we would expect the correlation between bonds and equities to be more positive - i.e., any further rises in yields from there would be a negative for stock returns."

     


    Fifth
    ,
    as inflation expectations and yields rise, Goldman expects higher realized inflation and interest rates will restrict any S&P 500 valuation expansion during 2H 2017. The S&P 500 forward P/E has  already increased by 71% since September 2011, growth surpassed only by the 1987 cycle (112%) and the Tech Bubble (115%). Historical P/E expansion cycles are usually accompanied by falling interest rates and falling inflation while Goldman now projects both bond yields and inflation will rise during the next several years (see Exhibit 28). Although the S&P 500 trades at roughly fair value relative to history given core CPI of 2.2%, higher inflation is typically associated with a lower forward P/E multiple (see Exhibit 29).


    Sixth
    , higher bond yields are usually associated with a lower forward P/E multiple. Since 1976, the average forward P/E multiple when the 10-year US Treasury ranges between 2% and 3% is 14.2x. However, the S&P 500 currently trades at 17.1x forward bottom-up consensus EPS and we expect some downside risk to the multiple as bond yields continue to rise during 2017.


    Seventh, and last
    ,
    despite Goldman's recent bout of euphoric optimism, predicated only by the outcome of a presidential election which, as Goldman itself said, is very much unclear, the firm clearly admits that, and we quote, "S&P 500 valuation is stretched relative to history on nearly every fundamental metric. At the aggregate level, the S&P 500 index trades at the 85th percentile of historical valuation relative to the past 40 years. For portfolio managers, the more important fact is that the median S&P 500 company trades at the 98th percentile of historical valuation (see Exhibit 33)."

    ... So you're saying there is a 2% chance?

    Joking aside, one quick look at the table below shows that the market would be the most overvalued ever if it wasn't for just one metric: Free Cash Flow Yield. Well, don't look for cash flows to go up once interest rates start rising, as they are doing right now.

    And yet, despite all of the above, Goldman is telling its clients to buy all those stocks which Goldman's prop traders (because as we now know, despite Volcker, Goldman has been quietly cultivating an army of prop traders just for this purpose) are actively dumping.To wit:

    We expect the 10-year US Treasury yield will end 2017 at 2.75% and the yield gap will narrow to 285 bp. The resulting earnings yield would equal 5.6%. Applying a P/E of 18x to our 2018E adjusted EPS estimate of $129 implies a S&P 500 index level of roughly 2300.

    In retrospect, there is a reason why Goldman calls its clients "muppets."



    from Zero Hedge http://ift.tt/qouXdu
    via IFTTT

    What is Fascia? How Does Your Fascia Affect Your Fitness?

    http://ift.tt/2h5XmJZ

    What is Fascia and How Your Fascia Affects Your Fitness Among personal trainers, bodyworkers, and the medical community, fascia has been finally been enjoying a moment in the sun. Although evidence is beginning to pile up on the roles of fascia in the quality of everyday movements, pain conditions such as low back pain, and on high-level athletic performance, fascia […]

    The post What is Fascia? How Does Your Fascia Affect Your Fitness? appeared first on AskTheTrainer.com.



    from AskTheTrainer.com http://ift.tt/1Cm42Yj
    via IFTTT

    This Is The "Most Dangerous Moment In Human History," Stephen Hawking Warns

    http://ift.tt/2gmeTtk

    The majority of people are sick of the status quo and feel they have been "abandoned by their leaders," writes renowned physicist Stephen Hawking in a recent Guardian op-ed warning that the rise of Donald Trump and Britain's Brexit vote come at "the most dangerous time in the history of the human race."

    Having previously referred to the president-elect as "a demagogue who seems to appeal to the lowest common denominator," Hawking appears to blame the ignorance of the people for Trump's victory...

    “It was, everyone seems to agree, the moment when the forgotten spoke, finding their voices to reject the advice and guidance of experts and the elite everywhere.

     

    “For me, the really concerning aspect of this is that now, more than at any time in our history, our species needs to work together,” he added.

    As RT notes, Hawking says the world is facing crippling challenges, including climate change, food production, overpopulation, the decimation of other species, epidemic disease and acidification of the oceans.

    “Together, they are a reminder that we are at the most dangerous moment in the development of humanity.

     

    “We can do this [overcome the challenges], I am an enormous optimist for my species; but it will require the elites, from London to Harvard, from Cambridge to Hollywood, to learn the lessons of the past year. To learn above all a measure of humanity.

     

    "We now have the technology to destroy the planet on which we live, but have not yet developed the ability to escape it.

     

    “Perhaps in a few hundred years, we will have established human colonies amid the stars, but right now we only have one planet, and we need to work together to protect it.

    And finally, Hawking also warned that artificial intelligence and increasing automation is going to decimate middle class jobs and worsen inequality, and risks creating significant political upheaval.

    The automation of factories has already decimated jobs in traditional manufacturing, and the rise of artificial intelligence is likely to extend this job destruction deep into the middle classes, with only the most caring, creative or supervisory roles remaining.

     

    “With not only jobs but entire industries disappearing, we must help people to retrain for a new world and support them financially while they do so,” he added.

    Still there is some good news. Hawking notes "we could find aliens within a generation"...

    Which as we previously noted would be a boom for the global economy according to Krugman.



    from Zero Hedge http://ift.tt/qouXdu
    via IFTTT