By Tyler Quillin
How many smart devices with voice-activation capabilities surround you at any given moment? How many times have you thought about whether they are listening to everything you’re saying, just waiting for the word “Alexa” to wake them up from their idle eavesdropping? Well, some of your concerns may soon be answered by a court in Arkansas.
In late 2016, Bentonville Police Department of Arkansas obtained a search warrant for the recordings produce through Amazon’s “Echo” device pertaining to a bath tub murder. Echo is aptly described as an “always on” device. It continuously listens, waiting to hear the term “Alexa,” which “wakes” it up. Once awoken, Alexa will perform various tasks upon verbal request. She does everything from checking the weather or traffic, to answering trivia, to playing music through a Bluetooth connection.
By Yayi Ding
Last month, Chinese e-commerce giant Alibaba Group announced one of the biggest initial public offerings (IPOs) in US history, raising more than $21 billion USD. However, one could argue that the entire scheme might have been borderline illegal; of all the investors who “purchased” Alibaba’s stocks at IPO, none of them ended up actually owning a single share in Alibaba.
How could this be? Well, for starters, Chinese government regulations do not allow foreigners to own stock in Chinese Internet companies, Alibaba included. To circumvent these regulations and pursue an IPO on an American stock exchange, Alibaba had to adopt a complicated ownership structure known as a “Variable Interest Entity” (VIE). Through this structure, foreign shareholders do not buy into Alibaba, but rather buy into Alibaba Holdings, an offshore “holding company” that is registered in the Cayman Islands. Shareholders get a stake in the holding company and in Alibaba’s profits, but ultimately do not own shares in Alibaba and have no say in how the company is run. Continue reading