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Tuesday, January 2, 2018

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Silicon Valley elites are spending $37 for less than 3 gallons of dangerous, unfiltered water — and it's flying off the shelves

Posted: 02 Jan 2018 02:16 PM PST

Live Water

  • People in San Francisco are spending $37 for untreated, unfiltered water — and it is so popular, stores are apparently having a hard time keeping it in stock. 
  • Other Silicon Valley insiders are gathering and storing their own spring water, which has not been treated. 
  • Consuming "raw" water can spread infections such as cholera, Hepatitis A, and E. coli.

 

Silicon Valley is developing a "raw water" obsession. 

In San Francisco, "unfiltered, untreated, un-sterilized spring water" from Live Water is selling for $36.99 for a 2.5 gallon jug — and flying off the shelves, the New York Times reported. Startups dedicated to untreated water are gaining steam. Zero Mass Water, which allows people to collect water from the atmosphere near their homes, has already raised $24 million in venture capital. 

juicero doug evans

People — including failed startup Juicero's cofounder Doug Evans — are gathering gallons of untreated water from natural springs, venturing out onto private property by night to get the water. Evans told The Times that he and his friends brought 50 gallons of raw water to Burning Man. 

"I'm extreme about health, I know, but I’m not alone with this,” Evans said. "There are a lot of people doing this with me. You never know who you’ll run into at the spring."

Fans of the untreated water are not backed by science. However, many told the times that they feel confident that they are getting health benefits from drinking "live" water. 

For example, Mukhande Singh, the founder of Live Water, told The Times that his startup's water expired after a few months — something he says is normal for "real water."

“It stays most fresh within one lunar cycle of delivery," Singh said. "If it sits around too long, it'll turn green. People don’t even realize that because all their water’s dead, so they never see it turn green."

However, food safety experts said there no evidence that untreated water is better for you. In fact, they say that drinking untreated water could be incredibly dangerous. 

"Almost everything conceivable that can make you sick can be found in water," food safety expert Bill Marler told Business Insider. That includes bacteria and diseases such as cholera, E. coli, Hepatitis A, and Giardia.

 "You can't stop consenting adults from being stupid," Marler said. "But, we should at least try." 

SEE ALSO: Food safety expert warns latest bizarre Silicon Valley $37 'raw water' trend could quickly turn deadly

Join the conversation about this story »

NOW WATCH: The best way to wrap a gift in under 2 minutes

A New York Times report found that some workers hired to build NYC subways were paid $111 per hour

Posted: 02 Jan 2018 01:57 PM PST

second avenue subway NYC

  • A New York Times report found that NYC transit projects cost far more than in comparable cities throughout the world.
  • The costs result from generous compensation for workers and high costs from contractors.
  • The report found that unions and contractors donated millions to political campaigns, including those involving New York Gov. Andrew Cuomo.

 

The New York City subway system has come under fire for being unreliable as maintenance funding is cut or diverted for other uses.

But a recent report from the New York Times revealed that, despite the decreasing levels of maintenance funding, subway construction projects in New York are often significantly more expensive than in other major cities throughout the world.

A project connecting the Long Island Railroad to Grand Central Terminal, for example, cost $3.5 billion for every new mile of track, which was seven times more than the worldwide average. The report found that projects were routinely overstaffed and overpriced as labor unions and contractors profited at the city's expense.

The Times found that one union ensured most of its workers were paid $111 per hour in salary and benefits. And in some cases, construction projects in New York were staffed by up to four times more workers than for similar projects in Asia, Australia, and Europe.

According to the report, New York's Metropolitan Transportation Authority said that the city has unique conditions that require inflated costs, but the Times found that those claims may have been exaggerated after interviewing over 50 contractors and analyzing MTA projects and pricing data.

According to the Times, labor unions and contractors were able to negotiate labor prices without input from any New York City agencies and frequently gave campaign donations to political campaigns — including those involving New York Gov. Andrew Cuomo — and hired MTA employees. And since contractors who could perform underground construction projects didn't have much competition, they could reportedly add almost 50% to their projected costs when bidding for projects, compared to an average of 10% in other countries, according to the Times.

All of this means that New York City's subway system may need more fixing than we previously thought.

The MTA didn't immediately respond to a request for comment.

SEE ALSO: The NYC subway has reportedly been using employee break rooms to store dead bodies

Join the conversation about this story »

NOW WATCH: France's $21 billion nuclear fusion reactor is now halfway complete

The Army expects to roll out a new targeting system that can turn artillery into a 'giant sniper rifle' this year

Posted: 02 Jan 2018 01:47 PM PST

US Army forward observer field artillery JETS

  • The Army says its new artillery targeting system will allow for precision fires, day or night in all weather conditions.
  • The new system is "a paradigm shift" in how field artillery can be used on the battlefield.
  • Tests are expected to continue in early 2018, with system starting to roll out in the middle of the year.


The Army expects its new Joint Effects Targeting System — a handheld, portable device for target observation, location, and designation — to start arriving with forward-observation teams by mid-2018, according to Army Times.

JETS consists of a hand-held target location module, a precision azimuth and vertical angle module, and a laser marker module, which are mounted on a tripod. The system offers Army forward observers better targeting capabilities than current systems and can be used day or night in all weather conditions.

"It's brand-new cutting-edge technology that is a paradigm shift" in how field artillery could be employed on the battlefield, Lt. Col. Michael Frank, product manager for Soldier Precision Targeting Devices, said in October. JETS, he added, could turn a howitzer or the Paladin self-propelled artillery weapon "into a giant sniper rifle."

"I’m dropping that round, with first-round effects, on target," he said.

The system will also speed the measurement process, Frank said. "We don't have to take anywhere from 15 to 18 to 20 minutes. We can get that target data to the guns and rounds out of the tube faster with JETS than without."

US Army forward observer field artillery JETS

The Army currently has the Lightweight Laser Designator Rangefinder for these purposes, but it is larger and heavier than the JETS. It weighs approximately 35 pounds and is considered a crew-served system, though it is operated by a single soldier.

The JETS target locator module weighs less than 5.5 pounds, and the entire system, including a tripod and batteries, weighs about 20 pounds. The Army awarded a $339 million contract for JETS in September 2016.

The system underwent testing during 2017, including airdrop testing at Fort Bragg in North Carolina in August, when soldiers put the system through several combat-equipment jumps and door-bundle jumps, evaluating its ability to function after hitting the ground.

Paratroopers, with Charlie Battery, 2nd Battalion, 319th Airborne Field Artillery Regiment, 82nd Airborne Division, engage ISIS militants with precise and strategically placed artillery fire in support of Iraqi and Peshmerga fighters in Mosul July 5

After each drop, the forward observers testing the system assembled the equipment and started identifying and designating enemy personnel and vehicle targets in day and night conditions. The targets were set up on rolling terrain at distances from 800 meters to more than 2,500 meters.

That was followed in October by weeks of tests at the Cold Regions Test Center at Fort Greely in Alaska.

There, forward-observation teams put the system through its paces using "operationally realistic approach[es] to detect, recognize, and identify targets in a tactical environment," the Army said in a release.

Soldiers conducted the tests in mountainous Alaskan terrain at elevations between 1,000 and 2,500 meters at several different observation posts, using the system's own self-location methods to establish their location at each observation point.

The Army is looking to finish its testing and evaluation, including inclement weather and airdrop tests, early this year and have the JETS in the hands of every forward-observation team starting in July 2018, according to Army Times.

SEE ALSO: Artillery strikes against ISIS in Syria were so intense they burned out 2 Marine howitzers

Join the conversation about this story »

NOW WATCH: We went inside the giant desert base where Marines are trained in artillery warfare

Food safety expert warns latest bizarre Silicon Valley $37 'raw water' trend could quickly turn deadly

Posted: 02 Jan 2018 01:38 PM PST

Live Water

  • Silicon Valley is developing an obsession with untreated, unfiltered water, according to the New York Times.
  • However, a food poisoning expert says that the trend is dangerous — and could be deadly. 
  • "Raw" water can spread bacteria and diseases including cholera, E. coli, Hepatitis A, and Giardia.

 

When food safety expert Bill Marler saw The New York Times' trend piece on Silicon Valley's recent obsession with "raw water," he thought he was reading a headline from satire publication The Onion. 

According to The Times, demand for unfiltered water is skyrocketing, as tech-industry insiders develop a taste for water that hasn't been treated to prevent the spread of bacteria or other contaminants.

In San Francisco, "unfiltered, untreated, un-sterilized spring water" is selling for $36.99 for a 2.5 gallon jug. Startups dedicated to untreated water are popping up. People — including startup Juicero's cofounder Doug Evans — are gathering gallons of untreated water from natural springs to bring to Burning Man. 

Tourmaline Spring

While Evans and other fans say raw water is perfect for those who are "extreme about health," Marler — a food safety advocate and attorney — says the opposite is true. 

"Almost everything conceivable that can make you sick can be found in water," Marler told Business Insider. 

Unfiltered, untreated water — even from the cleanest streams — can contain animal feces, spreading Giardia, which has symptoms such as vomiting and diarrhea and results in roughly 4,600 hospitalizations a year. Hepatitis A, which resulted in 20 deaths in a California outbreak in 2017, can be spread through water if it isn't treated. E. coli and cholera can also be transmitted via untreated water. 

Because filtered, treated water has become the norm, Marler says, most people don't realize how dangerous "raw" water can be. 

"The diseases that killed our great-grandparents were completely forgotten about," he said. 

Most Americans don't personally know anyone who died of Hepatitis A or cholera, thanks to advances in technology and more stringent safety standards. As a result, they had a hard time realizing the risks involved in consuming untreated water. 

"It's fine till some 10-year-old girl dies a horrible death from cholera in Montecito, California," Marler said. 

According to Marler, the raw water trend is similar to people's obsession with raw milk or opposition to vaccines. While they lack scientific evidence, they are convinced that they are correct, in part because they have failed to see the repercussions of life without scientific advances. 

 "You can't stop consenting adults from being stupid," Marler said. "But, we should at least try." 

SEE ALSO: Food-poisoning expert reveals 6 things he refuses to eat

Join the conversation about this story »

NOW WATCH: Why you should never throw away these bags again

THE VOICE ASSISTANT LANDSCAPE REPORT: How artificially intelligent voice assistants are changing the relationship between consumers and computers

Posted: 02 Jan 2018 01:05 PM PST

bii consumer usage and interest in VAs global 2017 accenture

This is a preview of a research report from BI Intelligence, Business Insider's premium research service. To learn more about BI Intelligence, click here.

Advancements in a bevy of industries are helping intelligent digital voice assistants like Apple's Siri and Amazon's Alexa become more sophisticated and useful pieces of technology. 

Advances in artificial intelligence (AI) are allowing them to accurately understand more information, while upgrades to mobile networks are facilitating quick transfers of data to robust clouds, enabling fast response times. In addition, the swell of internet connected devices like smart thermostats and speakers is giving voice assistants more utility in a connected consumer's life. 

Increasingly sophisticated voice assistants and the growing potential use cases they can assist in are driving consumers to adopt them in greater droves — 65% of US smartphone owners were employing voice assistants in 2015, up significantly from 30% just two years prior. Consumers are also eagerly adopting speaker-based voice assistants, with shipments of Google Home and Amazon Echo speakers expected to climb more than threefold to 24.5 million in 2017, according to a report from VoiceLabs.

However, there are still numerous barriers that need to be overcome before this product platform will see mass adoption, as both technological challenges and societal hurdles persist. 

In a new report, BI Intelligence explains what's driving the recent upsurge in adoption of digital voice assistants. It explores the recent technology advancements that have catalyzed this growth, while presenting the technological shortcomings preventing voice assistants from hitting their true potential. This report also examines the voice assistant landscape, and discusses the leading voice assistants and the devices through which consumers interact with them. Finally, it identifies the major barriers to mass adoption, and the impact voice assistants could have in numerous industries once they cross that threshold. 

Here are some key takeaways from the report:

  • Voice assistants are software programs that respond to voice commands in order to perform a range of tasks. They can find an opening in a consumer’s calendar to schedule an appointment, place an online order for tangible goods, and act as a hands-free facilitator for texting, among many, many other tasks.
  • Technological advances are making voice assistants more capable. These improvements fall into two categories: improvements in AI, specifically natural language processing (NLP) and machine learning; and gains in computing and telecommunications infrastructure, like more powerful smartphones, better cellular networks, and faster cloud computing.
  • Changes in consumer behavior and habits are also leading to greater adoption. Chief among these are increased overall awareness and a higher level of comfort demonstrated by younger consumers.
  • The voice assistant landscape is divided between smartphone- and speaker-based assistants. These distinctions, while important now, will lose relevance in the long run as more assistants can be used on both kinds of devices. The primary players in the space are Apple's Siri, Microsoft's Cortana, Google Assistant, Amazon's Alexa, and Samsung's Viv. 
  • Stakes in the competition for dominance in the voice assistant market are high. As each assistant becomes more interconnected with an ecosystem of devices that it can control, more popular platforms will have a sizable advantage. 

In full, the report:

  • Identifies the major changes in technology and user behavior that have created the voice assistant market that exists today. 
  • Presents the major players in today's market and discusses their major weaknesses and strengths. 
  • Explores the impact this nascent market poses to other key digital industries. 
  • Identifies the major hurdles that need to be overcome before intelligent voice assistants will see mass adoption. 

Interested in getting the full report? Here are two ways to access it:

  1. Subscribe to an All-Access pass to BI Intelligence and gain immediate access to this report and over 100 other expertly researched reports. As an added bonus, you'll also gain access to all future reports and daily newsletters to ensure you stay ahead of the curve and benefit personally and professionally. » Learn More Now
  2. Purchase & download the full report from our research store. » Purchase & Download Now

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Nintendo is at the top of its game — here's what to expect in 2018

Posted: 02 Jan 2018 01:00 PM PST

Super Mario

Nintendo is on a serious roll.

The company's latest console, the Switch, is a major hit. The two biggest games for Switch are massively popular entries in the long-running "Super Mario" and "Legend of Zelda" franchises.

And the future looks as big — or maybe even bigger — for the Japanese gaming giant. How does a brand-new Pokémon game for the Nintendo Switch sound to you? That's just the beginning.

SEE ALSO: The legendary creator of 'Super Mario' explains why he tries not to hire gamers to work at Nintendo

1. Everything old is new again.

In 2017, Nintendo re-released "Mario Kart 8" as a "new" game on the Switch. The game previously arrived on the Nintendo Wii U — the console that Nintendo sunset in favor of the Switch. 

In 2018, Nintendo plans to re-release "Bayonetta 2" — another game that launched exclusively on the Wii U. The game even comes with a free copy of the first "Bayonetta." This is part of Nintendo's ongoing strategy to bring back the best games from the Wii U era — games that a limited number of people played due to how very few people bought a Wii U.

"Given the [very low] install base of Wii U, there was some fantastic content that consumers did not get to play," Nintendo America president Reggie Fils-Aimé told Vice last year. "So that creates certainly a business opportunity."

Beyond "Bayonetta" and "Bayonetta 2," it seems likely we'll see some of the Wii U's other best stuff head to the Switch. Games like "Super Smash Bros." and "Super Mario Maker" come to mind immediately, though there are opportunities to bring over other great stuff (like "Super Mario 3D World" and "Captain Toad: Treasure Tracker").



2. Nintendo's online service is finally going to light up.

The Nintendo Switch Online service is scheduled to launch in 2018 at a price of $20 a year. For that price, you'll get instant access to a classic game library and the ability to play games online.

You read that correctly: Nintendo is going to gate access to online gameplay.

After this service launches, you'll need to fork over a subscription fee to play online games on the Nintendo Switch. For the $20 price of entry, though, you'll also gain access to a library of classic games. The only three games announced thus far are "Super Mario Bros. 3," "Dr. Mario," and "Balloon Fight," which are all classic Nintendo Entertainment System (NES) games. 

It's unclear when the service will actually launch; Nintendo has only given its service a release window of "2018." 

It's also unclear if Nintendo will have a separate "Virtual Console" service, as it has in the past — such a service has traditionally offered a paid library of a la carte classic games. That could very well also be coming in 2018.



3. A "core" Pokémon game is being made for Nintendo's Switch, and it could arrive as early as 2018.

A new entry in the "Pokémon" series is coming to the Switch, and it's not a spin-off. We're talking about a "core RPG Pokémon title," according to Pokémon company president Tsunekazu Ishihara.

That's a huge deal. Main series Pokémon games have only ever come to Nintendo's handheld game consoles. But with the Switch, Nintendo's main game console is also its main handheld console. And that means that there's only one place for Pokémon to go: the Switch!

In fairness, the game may not arrive in 2018. 

Youtube Embed:
http://www.youtube.com/embed/9oA4bpmbbaI
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Height: 450px

When the project was announced, it was said to be "more than a year out." That was back in June 2017, so it's entirely possible that this game isn't anywhere close to complete. That said, it was also unlikely that Nintendo would launch two major "Super Mario" and "Legend of Zelda" games in the same year, but that was exactly what Nintendo did in 2017.



See the rest of the story at Business Insider

Detoxing is the health 'resolution' you should avoid this year

Posted: 02 Jan 2018 12:56 PM PST

spinach sprouts avocado woman eating healthy salad

  • Detoxing by drinking juices, going on cleanses, or using other formulas is unnecessary and may be dangerous.
  • Juicing fresh fruits and vegetables also strips them of some of their most beneficial ingredients.

 

It's no surprise that detoxes and cleanses are all the rage this January. Who didn't spend the holidays wishing for a way to rid their bodies of some of 2017's toxic content?

The idea of a food or drink that can detoxify the body has a practical ring to it. Plenty of foods and beverages can speed up our digestion. But simply ingesting large amounts of these products — not to mention skipping out on solid foods altogether — doesn't result in a cleaner system.

The original detox diet, called the Master Cleanse, was thought up in the 1940s by Stanley Burroughs as a "natural" way to treat stomach ulcers. It consists of a daily regimen of 6-12 glasses of water mixed with lemon juice, cayenne pepper, and maple syrup, plus a laxative at bedtime. The method was never substantiated by any research.

Still, new versions of the classic cleanse have been popping up since the 1980s. The 2004 book "Take Charge of Your Health with the Master Cleanse," promised dieters that after one week of abstaining from food, they would begin to feel "euphoric" and "serene."

We could think of other words to describe the sensations of incipient starvation.

Other less-extreme alternatives to the Master Cleanse include juicing, but studies suggest that the costly regimen is has not been linked with any significant health outcomes and may instead be bad for you.

Juicing removes some of the healthiest parts of fresh produce

lemons lemon juice

Practices like juicing remove the most nutrient-dense components of fruits and vegetables and may even set some people up for disordered eating habits.

When you turn produce into juice, you remove all of its fiber, the key ingredient that keeps you feeling full and satisfied until your next meal. But you keep the natural sugar — a bottle of one type of bottled green juice has more sugar than a can of Coke.

The effects of a diet that's high in sugar, low in protein, and low in fiber can be felt quickly. You're constantly hungry because there's no fiber to fill you up. Meanwhile, the sugar you're consuming temporarily raises your blood sugar, but with no protein to stabilize it, you wind up on a roller-coaster ride of high and low energy. And since your muscles feed on protein for energy, not ingesting any of it for long periods may cause you to lose muscle, according to an article in the International Journal of Sport Nutrition and Exercise Metabolism.

Juicing is not cheap

Just a few days' worth of juice on some cleanse plans would have you spending roughly $120 at the grocery store. Take the list of ingredients for this three-day juice cleanse from the "Dr. Oz Show": four carrots, four apples (type not specified), two golden delicious apples, two 1-inch pieces of ginger, three cucumbers, six celery stalks, 14 kale leaves, half a lemon, one lime, four plum tomatoes, two red bell peppers, one-fourth of a small red onion, two cups of parsley, one large sweet potato, two large red beets, one orange, eight Swiss chard leaves, and six clementines.

That's roughly $40 — and it represents just a single day on the three-day plan.

Premade juices cold-pressed juices also exist. They cost up to $8 for a 16-oz serving, putting your daily juice expenditure at $72.

Cleanses can mimic other dangerous eating habits

Another concern with detoxes is the way they can mimic unhealthy eating patterns. Some psychologists and dietitians worry that by having people severely restrict their eating or refrain entirely from some food groups, cleanses and detoxes can set people up for an eating disorder or worsen one that already exists.

"Maybe a patient tried it and became obsessed, or maybe the eating disorder was already there and the juicing became part of it," Debbie Westerling, the director of nutrition services at a New York City eating disorder treatment clinic, told Marie Claire. At least half the patients in her clinic reported having tried a juice cleanse, she said.

Eating nothing but juice for several days may also bring back past eating problems, according to Megan Holt, a registered dietitian who wrote about cleansing in a recent post on her clinic's website.

"I tend to discourage fasting because it can reactivate disordered eating behaviors, whether that's restriction or feeling out of control with food or feeling disconnected from hunger and fullness cues when one does start to eat again," Holt said.

You already have a natural detox system

Fortunately, detoxes and cleanses aren't necessary.

Our kidneys filter our blood and remove waste from our diet. Our liver processes medications and detoxifies any chemicals we ingest. Together, these organs make our bodies natural cleansing powerhouses.

"Unless there's a blockage in one of these organs that do it day and night, there's absolutely no need to help the body get rid of toxins," family physician Ranit Mishori of the Georgetown University School of Medicine told NPR. Mishori has spent years reviewing the medical literature on cleanses.

So in 2018, skip the detox and commit to healthy eating patterns that you can sustain.

READ MORE: 18 'healthy habits' you should give up in 2018

SEE ALSO: We should never have told people to take vitamins — and a new study shows why

Join the conversation about this story »

NOW WATCH: 6 'healthy' eating habits you are better off giving up

Don’t expect a big difference between last year’s Galaxy S8 and this year’s Galaxy S9

Posted: 02 Jan 2018 12:51 PM PST

galaxy s8 adaptive display

  • Rumors suggest Samsung's upcoming Galaxy S9 smartphone won't be a major upgrade from the Galaxy S8
  • Early-2018 may be the time to consider devices like the Galaxy S8, which will see permanent discounts as the Galaxy S9 is released. 
  • Still, there is a possibility the Galaxy S9 could be competitively priced against rivals, such as the iPhone X. 

 

The Samsung Galaxy S9 will likely be announced in a matter of weeks, but it may not be much different from its predecessor, the Galaxy S8.

Based on leaks and rumors, the device may not have many unique features to grab the attention of consumers. Rumors of an in-display fingerprint scanner appear to be dead at this point, leaving few standout features for the Galaxy S9.

While no details about the Galaxy S9 have been confirmed, many of the rumors we're hearing also make sense. For example, the Galaxy S9 is rumored to adopt a similar look to last year's Galaxy S8, with its infinity-display design with no physical home button and a rear fingerprint scanner. It makes sense that the Galaxy S9 would look similar to the Galaxy S8, because this design language is only a year old.

Samsung may make a few tweaks, which have been noted in a number of leaks. The larger Galaxy S9+ is expected to feature a dual-camera set up, which was introduced on the Galaxy Note 8 about three months ago. While the fingerprint scanner may be re-positioned, it will likely remain on the back of the device. A recent unofficial render gives an idea of how the Galaxy S9 back panel may look. 

Due to these similarities, current Galaxy S8 and Galaxy Note 8 owners may see no reason to update to a new Samsung handset.

The new Galaxy S9 could be slightly pricier than other Samsung devices on the market. The Galaxy S8 sells for about $724 and the Galaxy S8+ for about $850, but these prices will likely drop permanently once the Galaxy S9 is released. This could make the Galaxy S8 and Galaxy S8+ viable options for those who don't want to pay around $1,000 for a smartphone, but still want a high-end device. 

That said, the Galaxy S9 is expected to be an excellent phone, and there's still much we don't know about it. Overall, Samsung's Galaxy S series are among the best-selling smartphones in the world, and many consumers will purchase the Galaxy S9 regardless of its similarities to the Galaxy S8. The smartphone could be very attractive to those upgrading from a much older Samsung model, such at the Galaxy S7.

And who knows, the Galaxy S9 may even be cheaper than the iPhone X, which starts at $999. Carrier upgrade programs are also an encouragement for consumers to keep older devices in good shape so they can quickly be returned for a newer model. 

The Galaxy S9 is will likely be announced in late February. 

SEE ALSO: Here's when Google, Samsung, and LG's 2018 flagships will potentially launch

Join the conversation about this story »

NOW WATCH: Here's the best smartphone camera you can buy

Bitcoin's share of the crypto market hits an all-time low as 'alt-coins' go wild

Posted: 02 Jan 2018 12:48 PM PST

A general view of the Bitcoin booth at the 2015 International CES at the Las Vegas Convention Center on January 8, 2015 in Las Vegas, Nevada. CES, the world's largest annual consumer technology trade show, runs through January 9 and is expected to feature 3,600 exhibitors showing off their latest products and services to about 150,000 attendees.

  • Crypto's total market cap hit an all-time high above $660 billion on Tuesday as so-called alternative coins, or  "alt-coins," charged upwards. 
  • Meanwhile the largest crypto, bitcoin, lagged behind small rival coins.
  • Bitcoin's share of the total cryptocurrency market cap hit an all-time low on Tuesday below 36%.

 

With a market share of nearly 90%, bitcoin's dominance over the cryptocurrency space appeared unshakable at the start of 2017.

As the year progressed, and new coins came onto the market, bitcoin's position dwindled. That trend has continued into 2018.

Bitcoin's market capitalization as a percentage of the total crypto-market hit an all-time low below 36% on Tuesday as smaller so-called alternative cryptocurrencies rallied, according to data provider CoinMarketCap.com. That's down from 65% at the start of December. 

To be sure, bitcoin gained an eye-popping 1,300% in 2017. Still, over the past month many alternative digital currencies have far outpaced bitcoin, thus cutting into its share of the overall market.

Ripple, Stellar, and Cardano were all up more than 80% over the last week, for instance. Meanwhile, bitcoin was trading down more than 6% over the same period. What's striking is that typically when bitcoin is down, the entire market takes a hit. But even as bitcoin lagged, crypto's total market cap soared above $665 billion as alts charged upwards. Screen Shot 2018 01 02 at 10.12.56 AM

John Spallanzani, the chief macro strategist at GFI Group, told Business Insider that a healthy shift from bitcoin to other cryptocurrencies has been taking place in the space. 

"Rotation is good," he said in a Twitter direct message."It's healthy when money moves around, goes to where it is treated best."

Ryan Taylor, the CEO of cryptocurrency Dash, told Business Insider that bitcoin's market share will continue to decline as more cryptocurrency projects enter the market. 

"It is inevitable," he said. "One blockchain cannot be all things or address all market needs optimally."

crypto gains v2

Ripple's XRP, for instance, is designed to improve international money transfers. As for Dash, it seeks to act as a convenient vehicle of exchange in ecommerce. Those use-cases, according to Taylor, have been attracting investors to alts. 

"While bitcoin is increasingly viewed as digital gold, other blockchains are focused on delivering smart contracts, tracking logistics data, serving specific industries, or facilitating transactions," Taylor said. 

David Sønstebø, the founder of cryptocurrency Iota, said bitcoin's identity crisis has provided a breeding ground for new projects to eat its lunch. Power brokers in the bitcoin community have squabbled over its purpose for years. Some have said it is better suited to behave as a store of value - sort of like a digital gold - whereas others see it better suited as a payments networks. Investors,  Sønstebø said, will pour into those cryptocurrencies with a clear use-case. 

"I believe 2018 will be the year where crypto has to prove its utility beyond a speculative asset, and bitcoin cannot do that today," Sønstebø said. "I don't even like calling projects 'alts' anymore, rather bitcoin was a prototype and now we are seeing the future incarnations being built."

Still, not everyone thinks market capitalization is a meaningful indicator. Jimmy Song, a bitcoin developer, said the data is unreliable and doesn't paint a precise picture of what's going on in the cryptocurrency market. 

"Like with most things, Bitcoin Dominance is a very crude metric and one that’s unfortunately very easy to manipulate," he said in a Medium post

Some coins, such as Ripple, are pre-mined. As such, the entities behind the coins can increase or decrease the supply as they see fit.

"This isn’t anything new and in the stock market, stocks that play float manipulation games generally become juicy targets for short-sellers," he wrote. "Alt-coins like Gnosis, for example only floated 5% of their coins, so ask yourself, how much of Gnosis’s $115M market cap as of this writing is real?"

Join the conversation about this story »

NOW WATCH: The 5 issues to consider before trading bitcoin futures

Apple bought a small startup — and soon making iPhone apps could be much easier (AAPL)

Posted: 02 Jan 2018 12:34 PM PST

A software engineer programming for the Wikimedia Foundation

  • Apple bought Buddybuild, which makes software for iOS app developers.
  • They will join the Xcode team at Apple. 
  • Buddybuild will wind down its Android app development features by March. 


Apple has purchased a small Canadian company that makes software for engineers and app developers. Buddybuild, which is based in Vancouver, BC, announced the acquisition on its blog on Tuesday

"We're excited to share that the buddybuild team has joined the Xcode engineering group at Apple to build amazing developer tools for the entire iOS community," Buddybuild announced. 

"As of today, we are no longer accepting new customers. Existing Free Starter plans and Android app development will be discontinued on March 1, 2018," it continued, although it noted that the service will remain operational for iOS apps.

The deal was first reported by TechCrunch, which said that Apple confirmed the purchase. A price for the deal couldn't immediately be learned. 

Xcode is Apple's software for making software for iPhones and Macs. It's extremely important — every single iPhone app was built in Xcode, and Apple works very hard to keep its armies of app developers happy, and that starts with the software its developers use.

According to the startup, Buddybuild made the only "mobile continuous integration and delivery platform." For non-engineers, that means its tools make it easier for teams of coders to make code changes on big projects. 

Buddybuild was founded in 2015, according to CrunchBase, and had raised two round of funding, most recently a $7.6 million Series A led by Kleiner Perkins. 

SEE ALSO: Peter Thiel's Founders Fund made a bet on bitcoin that's now worth hundreds of millions of dollars

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The 20 best US cities for finding a job in 2018

Posted: 02 Jan 2018 12:30 PM PST

San Francisco

If talk of resolutions and new beginnings is giving you a sense of wanderlust, you're in luck.

There are tons of cities perfect for getting a fresh start and snagging a new, well-paying job.

To find the 20 best cities for finding a job in 2018, personal-finance site WalletHub compared 182 of the most populous US cities based on 26 metrics (like job opportunities, employment growth, monthly median salary, unemployment rate, average work and commute time, and housing affordability, among other metrics.) Each metric falls into one of two key dimensions (job market and socioeconomic environment), with greater weight assigned to metrics that fall under the job market category.

To read more about the study's methodology, check out the full report here.

Continue scrolling to see the 20 best US cities for finding a job in 2018:

SEE ALSO: The 50 best places to work in 2018, according to employees

SEE ALSO: 7 reasons Facebook is the best place to work in America and no other company can compare

20. Tempe, Arizona

Total score (out of 100): 59.79

Job market rank (out of 182): 32

Socioeconomic rank (out of 182): 15



19. Fremont, California

Total score (out of 100): 60.04

Job market rank (out of 182): 15

Socioeconomic rank (out of 182): 66



18. Salt Lake City, Utah

Total score (out of 100): 60.65

Job market rank (out of 182): 17

Socioeconomic rank (out of 182): 28



See the rest of the story at Business Insider

All 14 new Netflix original TV shows and movies coming out in January

Posted: 02 Jan 2018 12:29 PM PST

The Polka King Andrei Bowden Schwartz Sundance Institute

If your New Year's resolution was to watch more TV, you're in luck.

Netflix has 14 new originals arriving in January — though only a few are worth your time. 

There will be a new season of "One Day At A Time"(one of our picks for best shows of 2017), a true crime documentary about food called "Rotten," and a biopic starring Jack Black as Polish-American polka band leader Jan Lewan (who was imprisoned in 2004 for running a Ponzi scheme). 

Here's the full list:

SEE ALSO: Here are all the confirmed original shows coming to Netflix in 2018

"Lovesick," season 3 — available January 1

Netflix description: The third installment picks up with Dylan, Evie and Luke still trying to navigate their way through their love lives, in a warts and all take on twenty-something romance.



"Devilman Crybaby," season 1 — available January 5

Netflix description: A demon possesses a boy's dead body to do evil. But after falling in love with a human girl, he has a change of heart. Based on Go Nagai's hit manga.



"Rotten" — available January 5

Netflix description: From the team behind Anthony Bourdain Parts Unknown and The Mind of a Chef, Rotten gives food the true crime treatment, diving deep into the food production underworld to expose the corruption, waste and real dangers behind your everyday eating habits.



See the rest of the story at Business Insider

Millennials did a terrible job picking stocks in 2017 (AMD, FIT, SNAP, GPRO, F, AAPL, TWTR)

Posted: 02 Jan 2018 12:14 PM PST

millennials gen z phones

  • Millennial investors favored tech and bitcoin in 2017.
  • The generation's favorite stocks posted mostly losses.


While some millennials surely spent 2017 swiping through dating apps and posting selfies on social media, an increasing number of them started investing for their futures. The bad news is, they don't seem to be very good at it.

In 2017 Robinhood, the trading app popular with millennials, users tended to buy well-known consumer names. Some of their picks, mainly the big tech companies, did well, but six of the 10 most popular stocks on Robinhood last year ended the year lower than they started.

The 10 most popular stocks on the app and their one-year returns are as follows.

  1. Advanced Micro Devices (AMD) -3.14%
  2. Fitbit (FIT) -25.39%
  3. Snap (SNAP) -39.42%
  4. GoPro (GPRO) -13.81%
  5. Ford (F) +0.32%
  6. Apple (AAPL) +47.89%
  7. Twitter (TWTR) +48.97%
  8. General Electric (GE) -43.51%
  9. Chesapeake Energy Corporation (CHK) -40.04%
  10. Tesla (TSLA) +49.03%

Tech stocks tended to give millennials the best returns, with Amazon, Apple, Facebook, Nvidia, and Tesla resulting in the biggest dollar gains for Robinhood users. Those who invested in AMD, GE and Snap saw some of the biggest losses, the company told Markets Insider in an email.

Users of the Stockpile app, which allows users to buy fractional shares of expensive companies, saw similar trends from its users in 2017. Its top stock was Amazon, followed by Bitcoin Investment Trust, a fund that seeks to track the price of bitcoin.

"We're finding that millennials like to buy stocks of companies they know and whose products and services they use personally, or aspire to use. So Amazon, Snapchat, Facebook, Tesla all make sense." a Stockpile spokesperson told Markets Insider. "As far as Bitcoin, many millennials see this as a growth opportunity created by their generation and something they can get in on early."

Read about the "submarine trend" that is hard to see but is affecting nearly every company you know.

SEE ALSO: There's a 'submarine trend' in the tech world, and it's affecting nearly every company you know

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NOW WATCH: THE BOTTOM LINE: Bitcoin mania, a Nobel Prize-winning economist talks Trump, and a deep dive on unstoppable tech stocks

THE AI DISRUPTION BUNDLE: The guide to understanding how artificial intelligence is impacting the world (AMZN, AAPL, GOOGL)

Posted: 02 Jan 2018 12:03 PM PST

global ai commerce financing trend

This is a preview of a research report bundle from BI Intelligence, Business Insider's premium research service. To learn more about BI Intelligence, click here.

Artificial intelligence (AI) isn't a part of the future of technology. AI is the future of technology.

Elon Musk and Mark Zuckerberg have even publicly debated whether or not that will turn out to be a good thing.

Voice assistants like Apple's Siri and Amazon's Alexa have become more and more prominent in our lives, and that will only increase as they learn more skills.

These voice assistants are set to explode as more devices powered by AI enter the market. Most of the major technology players have some sort of smart home hub, usually in the form of a smart speaker. These speakers, like the Amazon Echo or Apple HomePod, are capable of communicating with a majority of WiFi-enabled devices throughout the home.

While AI is having an enormous impact on individuals and the smart home, perhaps its largest impact can be felt in the e-commerce space. In the increasingly cluttered e-commerce space, personalization is one of the key differentiators retailers can turn towards to stand out to consumers. In fact, retailers that have implemented personalization strategies see sales gains of 6-10%, at a rate two to three times faster than other retailers, according to a report by Boston Consulting Group.

This can be accomplished by leveraging machine learning technology to sift through customer data to present the relevant information in front of that consumer as soon as they hit the page.

With hundreds of hours of research condensed into three in-depth reports, BI Intelligence is here to help get you caught up on what you need to know on how AI is disrupting your business or your life.

Below you can find more details on the three reports that make up the AI Disruption Bundle, including proprietary insights from the 16,000-member BI Insiders Panel:

AI in E-Commerce Report

ai ecommerce

One of retailers' top priorities is to figure out how to gain an edge over Amazon. To do this, many retailers are attempting to differentiate themselves by creating highly curated experiences that combine the personal feel of in-store shopping with the convenience of online portals.

These personalized online experiences are powered by artificial intelligence (AI). This is the technology that enables e-commerce websites to recommend products uniquely suited to shoppers, and enables people to search for products using conversational language, or just images, as though they were interacting with a person.

Using AI to personalize the customer journey could be a huge value-add to retailers. Retailers that have implemented personalization strategies see sales gains of 6-10%, a rate two to three times faster than other retailers, according to a report by Boston Consulting Group (BCG). It could also boost profitability rates 59% in the wholesale and retail industries by 2035, according to Accenture.

This report illustrates the various applications of AI in retail and use case studies to show how this technology has benefited retailers. It assesses the challenges that retailers may face as they implement AI, specifically focusing on technical and organizational challenges. Finally, the report weighs the pros and cons of strategies retailers can take to successfully execute AI technologies in their organization.

The Smart Speaker Report

smart speaker report

Smart speakers — Amazon's Echo, for example — are the latest device category poised to take a chunk of our increasingly digital lives. These devices are made primarily for the home and execute a user's voice commands via an integrated digital assistant. These digital assistants can play music, answer questions, and control other devices within a user's home, among other things.

The central question for this new product category is not when they will take off, but which devices will rise to the top. To answer this question, BI Intelligence surveyed our leading-edge consumer panel, gathering exclusive data on Amazon's recently released Echo Show and Echo Look, as well as Apple's HomePod.

This report, which leverages BI Intelligence's proprietary data, analyzes the market potential of the Echo Look, Echo Show, and HomePod. Using exclusive survey data, we evaluate each device's potential for adoption based on four criteria: awareness, excitement, usefulness, and purchase intent. And we draw some inferences from our data about the direction the smart speaker market could take from here.

The Voice Assistant Landscape Report

Voice assistant landscapeAdvancements in a bevy of industries are helping intelligent digital voice assistants like Apple's Siri and Amazon's Alexa become more sophisticated and useful pieces of technology.

Advances in artificial intelligence (AI) are allowing them to accurately understand more information, while upgrades to mobile networks are facilitating quick transfers of data to robust clouds, enabling fast response times. In addition, the swell of internet connected devices like smart thermostats and speakers is giving voice assistants more utility in a connected consumer's life.

Increasingly sophisticated voice assistants and the growing potential use cases they can assist in are driving consumers to adopt them in greater droves — 65% of US smartphone owners were employing voice assistants in 2015, up significantly from 30% just two years prior. Consumers are also eagerly adopting speaker-based voice assistants, with shipments of Google Home and Amazon Echo speakers expected to climb more than threefold to 24.5 million in 2017, according to a report from VoiceLabs.

However, there are still numerous barriers that need to be overcome before this product platform will see mass adoption, as both technological challenges and societal hurdles persist.

This report explains what's driving the recent upsurge in adoption of digital voice assistants. It explores the recent technology advancements that have catalyzed this growth, while presenting the technological shortcomings preventing voice assistants from hitting their true potential. This report also examines the voice assistant landscape, and discusses the leading voice assistants and the devices through which consumers interact with them. Finally, it identifies the major barriers to mass adoption, and the impact voice assistants could have in numerous industries once they cross that threshold.

LIMITED-TIME OFFER:

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China reportedly tested a ballistic missile with a hypersonic glide vehicle

Posted: 02 Jan 2018 11:48 AM PST

DF 16 chinese missile

  • China reportedly tested a new missile in November that is equipped with a "hypersonic glide vehicle."
  • The US and Russia are also trying to develop HGVs.
  • A US government report noted that HGVs are "challenging targets for missile defense systems."


China tested a new missile in November that is equipped with a "hypersonic glide vehicle" (HGV), according to a US government source interviewed by The Diplomat.

HGVs are capsules on the top of a missile that hold the payload. They break apart from the main body of the projectile after it has reached its highest altitude, and glide to the target until impact.

"HGVs are maneuverable vehicles that travel at hypersonic (greater than Mach 5) speed and spend most of their flight at much lower altitudes than a typical ballistic missile," according to a 2017 report by the National Air and Space Intelligence Center.

"The combination of high speed, maneuverability, and relatively low altitude makes them challenging targets for missile defense systems."

According to The Diplomat's source, the test was "the first HGV test in the world using a system intended to be fielded operationally," meaning the Chinese are no longer in the developing stage, and now have an HGV ready for use.

The US and Russia are also trying to develop HGVs, but neither have flight tested an operational prototype.

The Chinese missile, dubbed the DF-17, was reportedly tested twice — once on November 1 and again on November 15. It flew 1,400 kilometers, according to The Diplomat, and the HGV flew at a depressed altitude of "around 60 kilometers." It is heavily based on the DF-16B missile, which is in operational use within the Chinese military.

After approximately 11 minutes of flight time, the missile impacted “within meters" of its target.

The source said that the DF-17 was a medium-range missile system that had a range between 1,800 and 2,500 kilometers. It is capable of carrying nuclear and conventional payloads, and may be able to be configured to have a maneuverable reentry vehicle instead of an HGV.

SEE ALSO: The 10 biggest risks the world faces in 2018

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NOW WATCH: Watch a US Navy helicopter squadron fight the California wildfires by dropping huge barrels of water

Peter Thiel's Founders Fund made a bet on bitcoin that's now worth hundreds of millions of dollars

Posted: 02 Jan 2018 11:47 AM PST

Peter Thiel

  • Founders Fund, the venture-capital firm founded by the tech billionaire Peter Thiel, has made hundreds of millions of dollars from bitcoin investments, The Wall Street Journal reported.
  • The firm put $15 million to $20 million into the cryptocurrency and made a lot of money as bitcoin's value skyrocketed by nearly 1,400% in 2017, the report says.
  • Bitcoin markets responded favorably to the report, sending bitcoin up 12% on Tuesday.


Even Peter Thiel has caught the bitcoin bug.

Founders Fund, the venture-capital firm Thiel founded in 2005, invested $15 million to $20 million in the popular cryptocurrency, according to The Wall Street Journal.

The firm has told investors the bet on bitcoin is now worth hundreds of millions of dollars thanks to bitcoin's dramatic rise in the fourth quarter of last year, The Journal reported.

The cryptocurrency ended the year at about $14,000 — up from nearly $1,000 at the start of 2017.

It's unclear exactly when Founders Fund bought its bitcoin. It declined to comment on the report.

Founders Fund's bitcoin investments are spread across several the firm's funds, including one launched as recently as the middle of last year, The Journal reported, citing people familiar with the matter.

It's unclear whether any of the firm's investments have been sold, according to the report.

Despite bitcoin's growing hype and popularity, few mainstream institutions have invested in the cryptocurrency, citing its speculative value and the volatility of its pricing — its price can swing by double-digit percentage points in a matter of hours.

Markets responded favorably on Tuesday following The Journal's initial report on the firm's investment. Bitcoin was up 12%, at about $15,100, on Tuesday, up from an opening price of $13,510, according to Markets Insider.

SEE ALSO: The cost of bitcoin payments is skyrocketing because the network is totally overloaded

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NOW WATCH: The differences that matter between Splenda, Equal, Sweet'N Low, and sugar

China's out-of-control space station may crash to Earth in 2 months

Posted: 02 Jan 2018 11:37 AM PST

china tiangong 1 space station model reuters

  • In 2016, China lost control of its first space station, called Tiangong-1 or "Heavenly Palace."
  • The Aerospace Corporation expects the spacecraft to burn up in Earth's atmosphere in mid-March, give or take a couple of weeks.
  • Chunks of the 8.5-ton vessel should be durable enough to reach our planet's surface.
  • Any surviving pieces of Tiangong-1 will most likely land in the ocean.


China's first space station, called Tiangong-1 or "Heavenly Palace," will soon explode over Earth into a rain of fiery debris.

Aerospace Corporation, a nonprofit research company, predicted last month that the derelict spacecraft would reenter Earth's atmosphere in mid-March, give or take two weeks — so possibly as early as the end of February or as late as April.

When it does, extreme heat and pressure caused by plowing through the air at more than 15,000 mph will destroy the 8.5-ton vessel.

Not everything may vanish, though.

There's a good chance that gear and hardware left on board could survive intact all the way to the ground, according to Bill Ailor, an aerospace engineer who specializes in atmospheric reentry. That durability is thanks to Tiangong-1's onion-like layers of protective material.

"The thing about a space station is that it's typically got things on the inside," Ailor, who works for Aerospace Corporation, previously told Business Insider. "So basically, the heating will just strip these various layers off. If you've got enough layers, a lot of the energy is gone before a particular object falls out, it doesn't get hot, and it lands on the ground."

For example, he said, after NASA's Columbia space shuttle broke up over the US in 2003, investigators recovered a working flight computer — an artifact that ultimately helped explain how the deadly incident happened.

Predicting Tiangong-1's crash to Earth

Tiangong-1 is a two-room space station for two taikonauts, or Chinese astronauts. It has a volume of 15 cubic meters, about 1/60th of the football-field-size International Space Station.

Though China superseded Tiangong-1 in 2016 with Tiangong-2, space experts hailed it as a major achievement for the nation's space program, since it helped pioneer a permanent Chinese presence in orbit.

"It conducted six successive rendezvous and dockings with spacecraft Shenzhou-8, Shenzhou-9, and Shenzhou-10 and completed all assigned missions, making important contributions to China's manned space exploration activities," said a memo China submitted in May to the United Nations Committee on the Peaceful Uses of Outer Space.

tiangong 1 chinese space station cmsa

In the memo, China said it lost contact with the spacecraft on March 16, 2016, after it "fully fulfilled its historic mission."

By May 2017, Tiangong-1 was coasting about 218 miles above Earth and dropping by about 525 feet a day, the memo said. Its altitude has since plummeted to less than 175 miles, according to Aerospace Corporation data.

"For any vehicle like this, the thing that brings them down is atmospheric drag," Ailor said. "Why there's a lot of uncertainty in the predictions is that it depends on what the sun's doing, to a large measure."

The sun can unleash solar storms and solar flares — bursts of X-rays and ultraviolet light — that heat Earth's outer atmosphere, causing the air to expand and rise. That forces low-flying objects like Tiangong-1 to plow through denser gases.

"This puts just a little bit of a higher force on these objects that causes them to come down," Ailor said.

An analysis of the combined effects of solar activity and Tiangong-1's orbital speed, direction, and altitude, as well as other factors, helped the Aerospace Corporation provide its most recent estimate of a mid-March de-orbit. Before the big moment, however, the company may refine its estimate as conditions change.

What will happen when China's space station is destroyed

atv spacecraft atmospheric reentry burning up fireball esa d ducros

Tiangong-1 is likely to crash over the ocean, as water covers about 71% of Earth's surface. But there's a decent chance some pieces may strike land as it breaks up over a long and thin oval footprint.

"The whole footprint length for something like this could be 1,000 miles or so," Ailor said, with heavier pieces at the front and lighter debris toward the back.

If anyone is lucky enough to witness Tiangong-1's atmospheric breakup from an airplane, it may look similar to the destruction of the European Space Agency's 14-ton Automated Transfer Vehicle — an expendable spacecraft that was once used to resupply the ISS.

When asked for comment on Tiangong-1's threat to ongoing NASA missions, the space agency told Business Insider it "actually doesn't track any debris."

Ailor said pieces of China's space station were "really unlikely" to hit anyone or anything on Earth.

"It's not impossible, but since the beginning of the space age ... a woman who was brushed on the shoulder in Oklahoma is the only one we're aware of who's been touched by a piece of space debris," he said.

Should a hunk of titanium, a computer, or another piece smash through a roof or windshield, however, international space law covers compensation for victims.

"It's China's responsibility if someone gets hurt or property gets damaged by this," NASA's representative said.

SEE ALSO: Elon Musk's plan to blanket Earth in high-speed internet may face a big threat: China

DON'T MISS: China's first space station is going to crash into Earth — but objects inside of it may reach the ground unharmed

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NOW WATCH: There's a place at the bottom of the Pacific Ocean where hundreds of giant spacecraft go to die

Bitcoin spikes after reports Peter Thiel’s fund owns ‘hundreds of millions of dollars’ of the cryptocurrency

Posted: 02 Jan 2018 11:18 AM PST

Screen Shot 2018 01 02 at 2.15.24 PM

  • The price of bitcoin spiked over 10% Tuesday to around $14,900 a coin after the Wall Street Journal reported Peter Thiel’s Founders Fund had "amassed hundreds of millions of dollars" worth of the cryptocurrency.
  • According to the report, the fund bought "$15 to 20 million" worth of the digital currency and has told investors that the bet is now worth over five times the principal investment.
  • It’s not clear when the fund purchased the tokens, or if they’ve sold any, but the firm will likely see hefty profits after bitcoin’s 1,341% rise in 2017.
  • The extremely volatile cryptocurrency is quickly gaining popularity among mainstream investment shops: Two exchanges launched bitcoin futures contracts in December, and Goldman Sachs is reportedly building a cryptocurrency trading desk.

SEE ALSO: Read the full WSJ report here

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NOW WATCH: PAUL KRUGMAN: Trump can't take credit for the soaring stock market

9 jobs that pay the biggest cash bonuses each year, according to LinkedIn

Posted: 02 Jan 2018 11:06 AM PST

smiling woman happy

• Getting a big bonus at work can really brighten your day and boost your paycheck.

LinkedIn has analyzed what occupations take home the largest bonuses.

• Most of the professions on the list are in finance and medicine.



Who doesn't love bonuses? Receiving kudos for a job well-done is great and all, but it's always nice to get that praise in cash form, too.

Of course, how much extra dough you take home isn't just about your individual performance. The sum also depends on your occupation, level of experience, and the welfare of your organization.

LinkedIn's Salary Report recently highlighted some jobs that rake in big bonuses. The career site collects salary data from verified users through it's LinkedIn Salary tool. For this analysis, it excluded all director-level jobs and above. LinkedIn broke any ties by determining which bonuses "constituted a higher percentage of total compensation."

Unsurprisingly, the top jobs are mostly in the medical and financial sectors.

Here's a look at some jobs that come with massive bonuses:

SEE ALSO: 11 signs you're about to get a holiday bonus

DON'T MISS: The 15 highest-paying jobs in the US, according to LinkedIn

9. Senior reservoir engineer

Median annual bonus: $37,500

Median annual salary: $204,000



8. Investment banking analyst

Median annual bonus: $45,000

Median annual salary: $125,000



7. Orthopedic surgeon

Median annual bonus: $50,000

Median annual salary: $450,000



See the rest of the story at Business Insider

THE MOBILE CARRIER LANDSCAPE: How AT&T, Verizon, T-Mobile, and Sprint are overcoming slow user growth amid a fierce price war

Posted: 02 Jan 2018 11:02 AM PST

bii big four carrier revenue

This is a preview of a research report from BI Intelligence, Business Insider's premium research service. To learn more about BI Intelligence, click here.

It hasn't been smooth sailing for telecoms in recent years. Native voice and messaging services, which once accounted for the vast majority of telecoms' subscriber revenue, are struggling to compete with over-the-top (OTT) apps, like Facebook Messenger, WhatsApp, and Viber — and they're losing.

A fierce and ongoing price war among the Big Four carriers is only compounding the pressure telecoms are facing. The consequent resurgence of unlimited data plans is straining carriers' networks, and revenues are suffering.

Nevertheless, telecoms are now better positioned than ever to play a bigger role in their subscribers' lives. Consumers spend more than half of their digital time on smartphones, compared with a third on PCs. This shift has effectively placed telecoms at the front door of consumers' digital experience.

In a new report from BI Intelligence, we examine where the wireless industry stands as a result of the price war and uptick in data demand from consumers. We also look at how technological advancements and the adoption of new product lines could incentivize the next wave of revenue growth for telecoms. Finally, we explore potential barriers to carriers' growth, and examine which of the Big Four carriers are poised to lead the pack.

Here are some of the key takeaways from the report:

  • Native voice and messaging services, which once accounted for the vast majority of telecoms' subscriber revenue, are struggling to compete with over-the-top apps.
  • A fierce ongoing price war among the Big Four is only compounding the pressure telecoms are facing.
  • Still, consumers' growing dependence on smartphones and data means telecoms are now better positioned than ever to play a bigger role in their subscribers' lives.
  • As digital continues to reshape the wireless industry, telecoms are preparing for the next wave of disruption, including connected cars, augmented reality, and 5G.
  • Despite a plethora of opportunities, several existing and emerging threats could impede telecoms' growth and expansion efforts.

In full, the report:

  • Describes how the US wireless carrier is shaping up.
  • Explores the effect of the fierce pricing wars taking place, and the methods carriers are using to retain their subscribers.
  • Highlights the new technology carriers are using to drive growth and revenue. 
  • Looks at the potential barriers that could limit carriers' growth and examines who's best positioned to come out on top.

To get the full report, subscribe to an All-Access pass to BI Intelligence and gain immediate access to this report and more than 250 other expertly researched reports. As an added bonus, you'll also gain access to all future reports and daily newsletters to ensure you stay ahead of the curve and benefit personally and professionally. >> Learn More Now

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