Impinj misses earnings deadline amid an audit investigation and Nasdaq responds with ‘notice of deficiency’

Impinj’s Seattle office. (Impinj Photo) Nasdaq has hit Impinj with a “notice of deficiency” by Nasdaq for failing to report its quarterly earnings on time, after the maker of connected chips to track and identify billions of items disclosed an ongoing investigation by an audit committee. Impinj, the Seattle company known for its RAIN RFID products, said last week an audit committee from the company’s board had retained legal counsel to conduct an “independent investigation” following a complaint made by a former employee. Impinj offered little detail on the investigation or the substance of the complaint but did say it wouldn’t be able to file its quarterly 10-Q earnings statement… Read More

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FBI warns of massive ATM scam that could affect banks worldwide

The Federal Bureau of Investigation (FBI) recently warned banks that cybercriminals are poised to carry out an “ATM cash-out” on an unprecedented scale. The FBI told banks on Friday: The FBI has obtained unspecified reporting indicating cyber criminals are planning to conduct a global Automated Teller Machine (ATM) cash-out scheme in the coming days, likely associated with an unknown card issuer breach and common referred to as an ‘unlimited operation. These unlimited operations compromise financial institutions or payment processors by installing malware that allows hackers to exploit network access, allowing admin-level access. Once inside, bad actors can disable fraud protection,… This story continues at The Next Web …read more Source::… Read More

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Ofo confirms Seattle departure date, promises refunds to riders

Ofo bikes in Seattle. (GeekWire Photo / Monica Nickelsburg) Seattle Ofo customers who prepaid for rides will be refunded according to an email the bikesharing company sent this week. Ofo is shutting down operation in Seattle August 31. The company promises to refund customers the remaining balance on their accounts within 45 days of that date. Ofo announced plans to leave Seattle after the city approved new regulations for dockless bikesharing companies in July. The Beijing-based company said the new $250,000 annual permit fee is the primary reason it is leaving the region. But Ofo has been shutting down in cities across the U.S. and cutting most of its American… Read More

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Microsoft touts Xbox gaming subscription service with new Sounders FC jersey design

Seattle Sounders FC forward Nicolas Lodeiro sports the team’s new jersey design featuring Xbox Game Pass. (Photos via Sounders FC) Microsoft’s increasing focus on its cloud-based gaming services will be front-and-center at the Seattle Sounders FC match this Saturday. As part of its Sounders jersey sponsorship deal, Microsoft has released special edition designs for the past three years focusing on games including Forza, Halo, and Gears of War. Rather than promoting a specific title, Microsoft this year is instead touting Xbox Game Pass, the Netflix-like subscription service that charges gamers $9.99 per month in exchange for access to download more than 100 Xbox One and Xbox 360 games. Players will… Read More

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Seahawks QB Russell Wilson reveals roots as a real estate nerd in Zillow appearance

Russell Wilson gives a thumbs up to the crowd at Zillow Group in Seattle on Friday afternoon. (GeekWire Photo / Kevin Lisota) Long before he was an NFL quarterback, Russell Wilson was a real estate scout. Growing up in Richmond, Va., he would drive around with his mom and dad in their purple minivan, looking for open houses as a weekend activity, even if they weren’t able to afford them. When they found an open house, young Russell would run in and give his thumbs up or thumbs down depending on whether or not he considered it worth their time to check out. Those experiences left an impression on him,… Read More

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Researchers teach autonomous cars to deal with irrational humans

A team of researchers recently determined that both human drivers and autonomous vehicles tend to prioritize the safety of their own vehicle over those around it. People are selfish, and AI acts a lot like people, which means the solution is the same for both: we need to learn some courtesy. Automating human behavior is always a bit of a brier patch, especially when heavy machinery is involved and lives are at stake. For example, we don’t want the machines imitating our road-rage – the image of a semi truck getting “angry” over being cut off conjures images of the… This story continues at The Next Web …read more Source::… Read More

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