The Department of Justice announced today that five Chinese military officers have been indicted for allegedly hacking trade secrets from U.S companies.
It’s the first time that the U.S. has charged specific foreign officials with cyber espionage, but as Marketplace's China correspondent Rob Schmitz tells us, it’s actually sort of old news.
“A little more than a year ago we learned that the People’s Liberation Army hacked into dozens of U.S. companies, stealing reams of intellectual property,” says Schmitz. “But this news and its implications were cut short: Right after it was discovered, Edward Snowden released what amounted to a nuclear bomb on the U.S. intelligence community by exposing the NSA’s spying operation.”
Schmitz says China probably wants the trade secrets to help build up its infrastructure. The hacking allegedly took place three or four years ago, when China had just announced plans to build dozens of nuclear power plants across the country.
“Of course the United States has a lot of experience building nuclear power plants. So it could be reasonably assumed that China was cutting and copying the U.S.”
Schmitz says hacking is a growing problem for U.S. companies, but that doesn’t mean they’ll abandon their operations in China.
“The companies that were hacked last year were too scared to complain about having their technology stolen by the Chinese, because they were afraid of upsetting one of their most important global markets. Unless U.S. companies stand up for themselves and start publicly complaining about this, I think the hacking will go on for quite a while.”
According to Variety, Google is in talks to buy Twitch, a live video game streaming service, for close to $1 billion. Yup, a website that lets you watch other people play video games may be worth $1 billion. Fans don't even have to fire up their own version of "Call of Duty." The reported deal illustrates the growth of live streaming technology. For example:
Streams that make us go Squee! Streaming service provider UStream says the market for live streaming is growing. Right now it says it gets about 77 million unique global views a month -- a year ago at this time it got just 55 million. The company says it broadcasts everything from church services, to content broadcast by citizen journalists to disc jockey lessons. Animal cams, it notes, are always popular:
2. Baby Hummingbirds!
3. Kitty rescue center cam!
Life event live streams
In case you can't get enough tickets for grandma, grandpa, and grandma and grandpa.
Mark Krause of Krause Funeral Homes says he started offering a streaming service in 2009, charging consumers about $195 on top of regular costs. While Krause notes that the stream wasn’t meant to replace the ceremony itself, he says it was helpful for family members who weren’t able to physically attend. Unfortunately Krause notes that just a few years ago, the technology was too unstable to provide a seamless experience for consumers: "It's more on the bloody edge, than the cutting edge," he says. "I'm always about trying innovating things but funeral directors won't provide it if they can’t rely on it."
1. 2014 Rope Skipping National Championships
BrightRoll, a tech platform that powers video advertising on the web says sports make up a massive, disproportionate share of streamed video. Tim Avila, Senior Vice President of Marketing Operations at BrightRoll says there was a 176% increase in live video ad views between 2013 and 2014.
2. Bigfoot cam.
Do you believe? Watch this stream and maybe you'll finally spy proof for your theories.
3. London Bridge
Like bridges? Like London? You will love this.
Investigators say at least 11 people have been made ill by products that were recalled in Massachusetts, Michigan, Missouri and Ohio.
A storm chaser caught the formation of an extreme thunderstorm in Wyoming. It looks like it's out of a science-fiction movie.