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AI Bests Humans In Reading Comprehension Test

January 17, 2018 by  
Filed under Around The Net

AI created by Chinese tech giant Alibaba and Microsoft have tied for first place on the Stanford Question Answering Dataset (SQuAD) this month, outperforming the human score for Exact Match (providing exact answers to questions). Alibaba and Microsoft announced the news separately on Monday.

According to the SQuAD website, it is a machine reading comprehension dataset comprising of questions pertaining to a set of Wikipedia articles. Answers to questions are usually a segment of text from a corresponding reading passage.

The leaderboard on SQuAD’s website shows Alibaba’s and Microsoft’s EM scores to be 82.44 and 82.65 respectively, which put both at first place. The scores are higher than a human’s, which is 82.304.

The results may not be surprising to some since AI-based systems have proven to be formidable, with Google’s AlphaGo defeating Ke Jie as the Go world champion last year. The systems are also expected to go into hospitals and act as our assistants, and Alibaba founder Jack Ma predicted AI-powered robots will head companies in 30 years.

But not everyone will agree on how intelligent AI-based systems really are yet. Just a little more than three months ago, Chinese researchers published a study saying AI-based systems are no smarter than a six year-old. A Chinese robot called AI-MATHS which did a version of a Maths paper at China’s college entrance exams was unable to beat the national average last year. The robot’s developers explained it was unable to comprehend certain words, causing marks to be lost.

Luo Si, Chief Scientist of Natural Language Processing (NLP) at Alibaba iDST commented:

“It is our great honor to witness the milestone where machines surpass humans in reading comprehension. That means objective questions such as ‘what causes rain’ can now be answered with high accuracy by machines. We are especially excited because we believe the technology underneath can be gradually applied to numerous applications such as customer service, museum tutorials and online responses to medical inquiries from patients, decreasing the need for human input in an unprecedented way.”

“We are thrilled to see NLP research has achieved significant progress over the year. We look forward to sharing our model-building methodology with the wider community and exporting the technology to our clients in the near future,” Si added.

Bitcoin Continues Slide Over Banning Fears

January 17, 2018 by  
Filed under Around The Net

Bitcoin fell 18 percent on Tuesday to a four-week trough close to $11,000, after reports that a ban on trading of cryptocurrencies in South Korea was still an option drove fears grew of a wider regulatory crackdown.

Bitcoin’s slide triggered a massive selloff across the broader cryptocurrency market, with biggest rival Ethereum down 23 percent on the day, according to trade website Coinmarketcap, and the next-biggest, Ripple, plunging 33 percent.

South Korean news website Yonhap reported that Finance Minister Kim Dong-yeon had told a local radio station that the government would be coming up with a set of measures to clamp down on the “irrational” cryptocurrency investment craze.

South Korea had said on Monday that its plans to ban virtual coin exchanges had not yet been finalized, as government agencies were still in talks to decide how to regulate the market.

 Bitcoin slid on the latest news, trading as low as $11,191.59 on the Luxembourg-based Bitstamp exchange, down 18 percent on the day, for a short period putting the digital currency on track for its biggest one-day fall in three years.

“It’s mainly been regulatory issues which are haunting the cryptocurrency, with news around South Korea’s further crackdown on trading the driver today,” said Think Markets chief strategist Naeem Aslam, who holds what he described as “substantial” amounts of bitcoin, Ethereum and Ripple.

“But we maintain our stance. We do not think that the complete banning of cryptocurrencies is possible,” he said.

Cryptocurrencies enjoyed a bumper year in 2017 as mainstream investors entered the market and as an explosion in so-called initial coin offerings (ICOs) – digital token-based fundraising rounds – drove demand for bitcoin and Ethereum, the second-biggest digital unit.

The latest tumble leaves bitcoin down more than 40 percent from the record high around $20,000 it hit in mid-December, wiping about $130 billion off its “market cap” – the unit price multiplied by the total number of bitcoins that have been released into the market.

The news from South Korea came as it emerged a senior Chinese central banker had said authorities should ban centralised trading of virtual currencies as well as individuals and businesses that provide related services, according to an internal memo from a government meeting seen by Reuters.

Bloomberg reported on Monday that Chinese authorities plan to block domestic access to Chinese and offshore cryptocurrency platforms that allow centralised trading.

 “(It) seems like it’s uncertainty spooking the markets,…with regulations unclear,” said Charles Hayter, founder of data analysis website Cryptocompare. “(Traders) are taking profits on the increased risk scenarios going forward.”

A director at Germany’s central bank said on Monday that any attempt to regulate cryptocurrencies must be on a global scale as national or regional rules would be hard to enforce on a virtual, borderless community.

Facebook Joins Forces With Xiaomi To Launch The Oculus In China

January 17, 2018 by  
Filed under Computing

Facebook’s Oculus has announced that is partnering with Chinese phone maker Xiaomi Technology in a deal to manufacture its new virtual reality headset.

Xiaomi has agreed to manufacture Oculus’s new headset, the Oculus Go, which was announced in October 2017.

As part of the deal Oculus has agreed to launch the Mi VR Standalone, a version of the headset exclusive to the Chinese market built with Oculus technology. Oculus has not detailed how the Mi VR Standalone will differ from Oculus Go, but said it will share the same core hardware features and design.

Oculus also revealed it is working with Qualcomm Inc. and will use the company’s Snapdragon 821 chipsets to power the mobile VR headset.

“We’ve worked closely with Qualcomm to deliver the highest possible level of performance to meet the high computing demands of the standalone VR product category,” said Oculus in a blog post.

The Oculus Go us set to release early this year, priced at $199.

Courtesy-GI.biz

Google Pulls Nearly 60 Apps With Pornographic Malware

January 16, 2018 by  
Filed under Consumer Electronics

Google yanked nearly 60 apps that contained hidden pornographic malware from its Play Store after a security research company found the code. Many of the games were aimed at kids.

Researchers at Check Point Software Technologies reported the malware last week. Dubbed AdultSwine, the malware displayed pornographic images that looked like ads but were designed to prompt users to download fake security software. The users were then encouraged to click on other links they would have to pay for.

Google moved immediately to kick the apps off of Google Play.

“We’ve removed the apps from Play, disabled the developers’ accounts, and will continue to show strong warnings to anyone that has installed them,” Google said in an emailed statement. “We appreciate Check Point’s work to help keep users safe.” Google added that the issue doesn’t exploit vulnerabilities in its Android security, and that users’ devices weren’t affected.

The affected apps have so far been downloaded between 3 million and 7 million times, the researchers said, citing Google Play data.

Along with encouraging users to download scareware and pay for premium services, AdultSwine also stole credentials, according to Check Point.

It did this by contacting the developers’ Command and Control server once the app was downloaded, sending data about the infected device and receiving instructions on what to do next. The instructions include displaying the bogus ads, scaring users to install fake security apps and charging victims for services they didn’t request or receive.

It might, for example, show an ad saying “the user is entitled to win an iPhone by simply answering four short questions,” Check Point explained. “Should the user answer them, the malicious code informs the user that he has been successful, and asks him to enter his phone number to receive the prize. Once entered, the malicious code then uses this number to register to premium services.

Affected apps include Five Nights Survival Craft, with between 1 million and 5 million downloads, and Mcqueen Car Racing Game, which has been downloaded at least 500,000 times. A full list of apps can be found here.

Big Blue Still The Patent King

January 16, 2018 by  
Filed under Around The Net

While the media attention has shifted away from Biggish Blue in the hardware world, there are signs that the company is still quietly getting on with it and inventing things.

IBM inventors received a record 9,043 patents in 2017, marking the company’s 25th consecutive year of U.S. patent leadership and crossing the 100,000-patent milestone. IBM is still the outfit which churns out that most patents. 2017 marks the 25th consecutive year that IBM has been named the leader in granted U.S. patents, with a record 9,043 patents

The new patents were granted to a diverse group of more than 8,500 IBM researchers, engineers, scientists and designers in 47 different U.S. states and 47 countries.

For example there was Maja Vukovic’s patent for a system that detects and counteracts cyber attacks.

Ginni Rometty, IBM chairman, president and CEO said that for the past 25 years, IBM’s patent leadership has changed the way the world works with advancements critical to the modern era of computing.

“Today, nearly half of our patents are pioneering advancements in AI, cloud computing, cybersecurity, blockchain and quantum computing – and all are aimed at helping our clients create smarter businesses.”

IBM inventors received in 2017 more than 1,900 cloud patents, including a patent for a system that uses unstructured data about world or local events to forecast cloud resource needs. The system can monitor data sources – including news feeds, network statistics, weather reports and social networks – to identify where and how cloud resources should be allocated to meet demand.

Another set of innovations helps solve one of artificial intelligence’s current limits: lack of personalization, which can hinder how AI communicates with people. Among the industry-leading 1,400 AI patents IBM inventors were granted in 2017 is a patent for a system that can help AI analyze and mirror a user’s speech patterns to improve communication between AI and humans.

IBM inventors also received 1,200 cybersecurity patents, including one for technology that enables AI systems to turn the table on hackers by baiting them into email exchanges and websites that expend their resources and frustrate their attacks. It could substantially reduce the security risks associated with “phishing” emails and other attacks.

IBM inventors also patented significant inventions in emerging areas like quantum computing, including a new way for improving a quantum computer’s ability to acquire and retain information – otherwise known as signal readout fidelity. This can lead to efficiency in the components necessary to build a quantum computing system.

Other patented innovations from IBM inventors in 2017 include:
• A machine learning system designed to shift control between an autonomous vehicle and a human driver as needed, such as in an emergency.
• A method that uses blockchain technology to reduce the number of steps involved in settling transactions between multiple business parties, even those that are not trusted and might otherwise require a third-party clearinghouse to execute.
• A technique that automatically elevates the security protection of a mobile device when it determines that device is located far from its owner and is likely under someone else’s control.

Courtesy-Fud

AMD Going 7nm With Vega

January 16, 2018 by  
Filed under Computing

AMD’s Lisa Su has announced Vega 7nm as a machine learning “instinct part” first. AMD is quite clear that this is for machine learning first and don’t want to comment on our curiosity whether Vega 7nm can make it to the market as a gaming product soon.

Radeon Instinct Vega 7nm sounds like a shrink down of Vega architecture, a much safer approach than the new architecture Navi in 7nm. It is simply safer to shrink the existing architecture, such as Vega from 14nm to 7nm, than to jump to a new manufacturing process and a new architecture.

AMD calls this new product the Radeon Instinct Vega 7nm and this is a direct successor to the Radeon Instinct MI25. Of course, this card addresses machine learning, a market that is currently dominated by Nvidia Volta parts, but, at the same time, AMD is not charging an arm and leg for its products either.

Nvidia’s Volta is a 12nm part, while Vega at 7nm is likely to bring higher clocks, better performance and some optimizations on the architecture side.

7nm in 2018 won’t be easy

AMD states that 7nm Radeon Vega Architecture has been built for machine learning, which might imply that there will be some significant architecture optimizations for machine learning.

Lisa Su said that AMD has a production level machine learning software stack. It is questionable how much impact AMD made with its Instinct products as the industry massively follows the  Nvidia Cuda based solution, but we will be following the latest developments.

Late 2018 would be when we would expect any kind of 7nm, but we won’t go into details about this right now.

Courtesy-Fud

Kenmore’s New Washer,Dryer Allows Monitoring From Smartphone

January 12, 2018 by  
Filed under Mobile

The 5-cubic-foot washer is said to be able to wash a “full-size” load of laundry in just 29 minutes. It also offers a Rugged cycle designed to handle bulky items like blankets with steam and a longer cleaning time. Its Direct Drive Motor is supposed to have six different wash movements, which change based on the specific cycle you choose. And, Kenmore says its cold water setting cleans your laundry just as well as warm water.

The 7.3-cubic-foot dryer has an “EasyLoad” door that can open either from the top or the side — whatever’s easiest for you.

But the big news is the new smart capabilities these models have via the related Kenmore Smart app. Up until this point, Kenmore’s laundry appliances have had very limited smart functionality.

The Kenmore Elite Smart top-load washer and Front Control dryer cost $1,000 each and are available now (roughly £740 and AU$1,270 converted).

What to expect from the smart home at CES 2018: We take a look at the smart home and appliance trends we expect to see this year.

Is The iPhone X The Best Smartphone

January 12, 2018 by  
Filed under Mobile

Realizing that few people were buying the iPhone X despite being told it was wonderful, the Tame Apple Press decided to carry out an investigation to discover why. 

A CNET reporter visited four carrier stores to ask their salesmen if they’d recommend an iPhone X. But after visiting stores for Sprint, T-Mobile, AT&T, and Verizon, “I couldn’t even find a salesperson to tell me it was the best iPhone I could buy,” he whined.

Realizing that no sane customer loving sales person would recommend an Apple product he thought he would go to an Apple store instead. There, at least a Genius recommending the most expensive product on the list could reassure him.

Unfortunately not even in Apple land could he find anyone dumb or brainwashed enough to recommend the iPhone X.

“Well, it depends on what you like… The biggest problem I have with it is using Face ID for Apple Pay. You really have to put the phone at a certain angle or it doesn’t work.”

The reporter was outraged at the genius’s sales pitch. “He started with a problem. I was already suspicious. I was in something of a hurry, but I asked him: “So are you selling a lot more of these than other phones?”

The sales genius suddenly sounded like a politician, moaned the hack. “All our phones sell well,” he said. Which sounded not entirely reassuring. Indeed, it sounded like a “no.”

Another Apple store “Genius” (who was testing his iPhone 6), CNET’s reporter was told that “The X and the 8 are the same phone… Inside, I mean. With the X, you’re just paying the extra money for the design.”

The hack noted that the salesman’s $999 iPhone X was wrapped in an ugly pink case, because after four weeks he’d already cracked it. And a third Apple salesman — who touted the glories of an OLED screen — also kept his iPhone X in a case at all times “It’s glass,” he explained. “You’ll definitely need a case.”

This means that you can’t see the lovely phone and show it to your friends, so they can see how beautiful it is, moaned the hack.

“Get a see-through case,” the Apple staff member advised.

Sales of the iPhone X are proving disappointing and it looks like Apple’s get punters to pay more for less strategy is finally not working.

Courtesy-Fud

Samsung Starts Mass Producing 10nm DDR4

January 11, 2018 by  
Filed under Computing

Samsung confirmed that it has started mass production of second generation 10-nanometer class, 8-gigabit (Gb) DDR4 DRAM.

Samsung claims that the new 8Gb DDR4 will offer the highest performance and energy efficiency for a DRAM chip.

Samsung Electronics’ president of Memory Business, Gyoyoung Jin, said in a statement: “By developing innovative technologies in DRAM circuit design and process, we have broken through what has been a major barrier for DRAM scalability. Through a rapid ramp-up of the second-generation 10nm-class DRAM, we will expand our overall 10nm-class DRAM production more aggressively, in order to accommodate strong market demand and continue to strengthen our business competitiveness.”

The fresh 10nm-class 8Gb DDR4 claims to be not only 30 percent more productive over the firm’s first-generation 10nm-class 8Gb DDR4, but boasts 10 percent better performance levels and 15 percent better energy efficiency. This, Samsung claims, is thanks to the use of an advanced, proprietary circuit design technology.

“The new [chip] can operate at 3,600 megabits per second (Mbps) per pin, compared to 3,200 Mbps of the company’s 1x-nm 8Gb DDR4”, the company said.

“To enable these achievements, [we have] applied new technologies, without the use of an EUV process. The innovation here includes use of a high-sensitivity cell data sensing system and a progressive ‘air spacer’ scheme.”

This newly devised data sensing system can be found in the cells of the new DRAM chip enabling “a more accurate determination” of the data stored in each cell, which apparently leads to a considerable increase in the level of circuit integration and manufacturing productivity.

The new 10nm class DRAM uses an air spacer that has been placed around its bit lines to decrease parasitic capacitance.

Samsung said that using the air spacer facilitates not only a higher level of scaling, but also rapid cell operation, advances that the firm plans to use in future chip developments and to accelerate faster introductions of next-generation DRAM chips and systems, including DDR5, HBM3, LPDDR5 and GDDR6.

These would be used in enterprise servers, mobile devices, supercomputers, HPC systems and high speed graphics cards, the firm said.

Courtesy-Fud

Intel’s Mobileye Software Going In Millions Of Vehicles

January 10, 2018 by  
Filed under Around The Net

Intel Corp Chief Executive Brian Krzanich announced 2 million vehicles from BMW, Nissan Motor Co Ltd and Volkswagen AG would use its unit Mobileye’s autonomous vehicle technology to crowdsource data for building maps that enable autonomous driving.

The world’s largest chipmaker bought Israeli firm Mobileye last year to compete with peers such as Qualcomm Inc and Nvidia Corp and tap the fast-growing market of driverless cars.

Intel will also tie up with SAIC Motor Corp Ltd, which will use Mobileye technology to develop cars in China, the chipmaker said.

Krzanich also said Intel had not received any information of customer data being compromised so far after the company confirmed last week that the security issues reported by researchers in its widely used microprocessors could allow hackers to steal sensitive information from computers, phones and other devices.

Security researchers had disclosed two security flaws exposing vulnerability of nearly every modern computing device containing chips from Intel, Advanced Micro Devices Inc  and ARM Holdings.

Microsoft Accelerates Latest Windows 10 Upgrade

January 9, 2018 by  
Filed under Computing

Microsoft has rolled out 2017’s final Windows 10 feature upgrade to customers faster than it did the year’s first revision, according to data from a Windows app ad network.

Data from AdDuplex, a Lithuanian company whose technology is embedded in thousands of Windows apps, showed that October’s Fall Creators Update (FCU) had been installed on about 54% of all measured Windows 10 personal computers by Dec. 20.

Windows 10’s FCU, also known as version 1709 in Microsoft’s yymmnumeric format, launched Oct. 17. In the nine weeks from then until Dec. 20, AdDuplex reported, more than half – 53.6% to be exact – had upgraded to FCU from an earlier version.

Other editions still proliferated on customers’ PCs. The April feature upgrade, dubbed Creators Update and labeled 1703, powered 34%. Even older versions, including 2016’s only feature upgrade, the Anniversary Update (1607) and the soon-to-be-retired-from-support 1511, accounted for 11% and 1%, respectively.

The quick shift to FCU stood in contrast to the lethargic transition to Creators Update earlier in 2017. Eleven weeks after Creators Update’s April 5 debut, AdDuplex measured its share of all Windows 10 PCs at just 36%, barely more than a third. Its predecessor, the Anniversary Update, or 1607, continued to power the majority of Windows 10 PCs (59%) at the time.

Microsoft controls the pace of Windows 10 feature upgrades adoption, at least in the opening months after each release. While some users do actively seek out the upgrade to download and install, most wait for Microsoft to offer it to their PC, at which point the rest is usually automatic.

The Redmond, Wash. developer has been clear that it does not open the upgrade spigot all the way at the start. Instead, it provides each feature upgrade to an increasing number of PCs as time ticks by, beginning with the subset of the newest systems that theoretically should have the fewest problems installing the code. The staged-release model – while not new, not even Microsoft’s invention – lets developers gauge installation success, correct any problems, and then continue the rolling release.

That the FCU was handed to customers faster than its predecessor could be explained several ways.

After five releases, Microsoft may have found its legs, able finally to get a majority of its Windows 10 users onto a feature upgrade in little more than two months, and thus prove that it can execute its rapid development and release strategy. Or the FCU was simply in better shape at launch than the spring’s Creators Update; the contrasting timelines reflected the better-quality FCU.

Do Retro Games Resonate With Gamers

January 9, 2018 by  
Filed under Gaming

Almost half of all gamers in Europe like to go back and play games from their youth.

The latest data comes from ISFE and Ipsos Connect’s GameTrack consumer survey, and is based on a question posed by GamesIndustry.biz.

The results also show that 41% of consumers are eager to go back and experience games that they missed first time around.

The figures confirm the motivation behind the success of retro gaming products such as the NES and SNES Mini consoles, plus the popularity of remakes such as last year’s Crash Bandicoot.

However, the majority of gamers disagree that classic games are better than modern titles (only 22% agreed with the statement), while 45% are of the belief that realistic graphics are an important part of a great game.

The survey also specifically spoke to users of recent retro products, including the NES and SNES Mini, Crash Bandicoot, the Sega Forever project and more. It’s unsurprising that these consumers are more enthusiastic about going back and experiencing classic games (66% like to revisit games from their youth, while 67% like to play older games that they missed). 49% of these consumers also admit that nostalgia is one of the key reasons behind why it buys the games and consoles that they do.

41% of retro gamers are also of the belief that older games are better than current ones, with just 23% disagreeing with that statement (the rest neither agree or disagree). However, a number do find themselves disappointed with their trips down memory lane, with 38% stating that classic games are never as good as they remember.

The question (which combines online sampling with over-the-phone and face-to-face surveys) was posed to gamers from the UK, Spain, France and Germany. In terms of individual territories, French gamers are narrowly the more nostalgic consumer, although the results are relatively consistent across each market.

You can find out more information about the GameTrack survey here.

Courtesy-GI.biz

Android Games Tracks Users Viewing Habits

January 9, 2018 by  
Filed under Around The Net, Consumer Electronics

Yet another privacy violation has been found alive and well in the Google Play Store.

The New York Times reports that “hundreds” of apps are embedding a revenue stream-creating package called Alphonso that uses your smartphone microphone to track your TV viewing habits.

Games like ‘Pool 3D’, ‘Beer Pong: Trickshot‘, ‘Real Bowling Strike 10 Pin‘ and ‘Honey Quest‘ seem like innocent games but, in fact, have a secret agenda.

Now it’s important to emphasise that you have to actively give permission for an app to use your microphone in the first place, but so often we say ‘yes’ to that sort of thing when we don’t really know the consequences.

In this case, the NYT explains: “Using a smartphone’s microphone, Alphonso’s software can detail what people watch by identifying audio signals in TV ads and shows, sometimes even matching that information with the places people visit and the movies they see.”

It’s a similar principle to Shazam, but without explicit permission. Plus it’s going to be kicking your battery life into submission we imagine.

However, Alphonso does have a deal with Shazam that means that when you Shazam something, the data is sent to Alphonso for analysis.

Alphonso says it does not record human speech, and that it only works with permission from the end user – but that permission needs only to be granted once.

“The consumer is opting in knowingly and can opt out anytime,” explains Ashish Cordia, CEO of Alphonso. The company declined to say just how many apps (some of which are on the Apple Store too) are being used, or which ones.

It also added that it didn’t approve of the kit being used in apps made for children, but this hasn’t stopped developers incorporating it anyway.

Apps like this often use embedded sounds hidden out of range in the TV signal which trigger the apps to record. This data can then be used by advertisers to set rates.

It’s all rather grim and creepy if we’re honest. But that’s just the way the world works now, seemingly. Pass the tinfoil.

Google has promised to improve warnings in the event that apps are harvesting data, whether the app is from inside or outside the Play Store.

Courtesy-Fud

Hacker Exploit The Nintendo Switch

January 8, 2018 by  
Filed under Gaming

A homebrew kit could be the key to getting more games onto the Nintendo Switch, as hackers have figured out how to crack the console through its Nvidia chipset.

Nintendo consoles are notoriously locked-down in order to keep software and game development limited to Nintendo’s in-house or approved third-party developers; homebrew games have not been welcome even though Nintendo has been more supportive of indy titles.

But at the 34C3 hacking conference in Germany, hackers Derrek, Naehrwert and Plutoo demonstrated how they had managed to crack into the kernel of the Switch thanks to the use of a Nvidia Tegra X1 chip, which is well documented and has easily accessible debugging and diagnostic tools.

Through some hard work, as reported by wololo.net, the hackers got past the Switch’s security layers on the Tegra X1’s System Memory Management Unit (SMMU).

This essentially allowed the hackers to have higher privileges on the Switch than Nintendo allows, which would provide the means to run non-Nintendo approved software on the hybrid console.

While the hackers are keeping their kernel exploits under wraps, likely to prevent others from stealing it or for the effective backdoor to be slammed shut by Nvidia or Nintendo, they are planning to release a homebrew kit to allow for extra software to be run on the Switch.

This is good news for people bored of gaming gems like Mario Odyssey and The Legend of Zelda: Breath of the Wild. But it’s worth noting the exploit and subsequent homebrew will only work on Switch consoles running firmware version 3.0.0.

The use of ‘off-the-shelf’ components like the Tegra X1 is one way to fuel the rise of such hobby hacking, as there’s often a lot of information on how such hardware works; this is in direct contrast to some of the custom chipsets the PlayStation 4 and Xbox One X have, though we doubt that prevents curious hackers from poking them with a metaphorical stick.

Courtesy-TheInq

Is Google Hiding Money In Bermuda

January 8, 2018 by  
Filed under Around The Net

Tech leviathan Google is up to its tax tricks again.

According to a report on Bloomberg, Google shifted $19.2 billion to paradise island Bermuda in 2016, and managed to shave more than $3 billion off the tax it would pay in the Netherlands, if it wasn’t so fast on its feet.
This is how it works.  It moves money from an Irish company to a Dutch shell company which then lobs ot into an account in Bermuda.

The transaction was only revealed today because Google filed papers in the Netherlands on the 22nd of December last.

Naturally, Google came out with the usual bland statement that it pays all taxes and obey all laws in the known universe.  

Bloomberg quotes a company spinner as saying: “We remain committed to helping grow the online ecosystem.”  

Whatever that means.

Courtesy-Fud

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