Good morning, Austin! We have scrolled the internet to bring you the latest in technology news. Here’s what’s happening:
Apple makes an acquisition to monitor your sleep
Apple already tracks your steps and fitness levels, and now it wants to analyze your sleep, Bloomberg reports.
The technology giant has acquired Beddit, a Finnish maker of a $150 health-monitoring device that fits between a bed’s mattress and sheets to track sleep quality, heart rate, breathing and even snoring.
The acquisition could fill a gap for Apple in its digital health portfolio as its competition with health-tracking pioneer Fitbit heats up. The Apple Watch, which analysts estimate outsold Fitbit’s devices for the first time in the last quarter, is generally charged overnight as its battery life only lasts a day, which means it is not ideally suited to tracking sleep.
U.S., Canada and Mexico are loading up on “job killing” robots
As robots get cheaper and smaller, sales have jumped significantly over the past year, particularly in North America, as more companies move manufacturing operations closer to U.S. markets.
Recode reports that 32 percent more robots were bought this year than at the same time in 2016 — making it the strongest first quarter on record for robots ordered by North American companies, according to the Robotic Industries Association.
More robots appears to mean fewer jobs. For every new industrial robot introduced into the workforce between 1990 and 2007, six jobs were eliminated, a study published earlier this year from the National Economic Research Bureau found.
Now your Snaps can last forever
Snap — the parent company of app Snapchat — has announced an update allowing users to set timers on Snaps to infinity. Previously, the maximum time users could set on a Snap was 10 seconds.
"We’ve all felt the frustration of not being able to fully enjoy a Snap – even after replaying it – and we wanted to give you the option of allowing the recipient to enjoy your Snap as long as they’d like," reads a blog post from Snapchat.
The company says once the recipient of a Snap closes it, it will disappear.
Yelp stock plunges after outlook falls short, TripAdvisor rises
Shares of Yelp plummeted 28 percent in after-hours trading on Tuesday, after the company said its slower-than-expected revenue growth showed few signs of picking up this year.
The company's local advertising accounts, a closely followed barometer of Yelp's business, were 143,000 during the quarter, slightly below the 144,000 analysts expected.
Rival Trip Advisor also reported quarterly earnings after the bell. While TripAdvisor's results fell slightly short of estimates, shares rose about 7 percent after hours, as the company said it is seeing particularly strong growth in the U.S.
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