Axios reports that a “generous charitable organization” is trying to boost the funding pot for retired teachers. The San Francisco Bay Area Council is in talks with Amazon founder Jeff Bezos’s Bezos Expeditions and Microsoft founder Bill Gates’s family foundation about establishing a major pool of funding. The New York Times notes that in addition to covering the retiree portion of the proposed financing plan, the fund would also provide money for the much larger student portion. A large portion of teachers is still struggling to pay off their college loans after decades of teaching—a fact that is an unfortunate side effect of the growing public-school deficit and crowded classrooms.
Bloomberg reports that Cisco will spend $850 million to purchase Akptivity, a wireless Internet of Things company that helps people manage their home energy use. Bloomberg also points out that Cisco's purchase of Akptivity is a response to Microsoft's purchase of Jasper Technologies, a company that helps companies use Internet of Things technology in a variety of settings. Bloomberg says Akptivity's platform will be sold to service providers.
The European Union has created a department called NSFGRIC that will focus on artificial intelligence and the Internet of Things. AMEinfo.com wrote that IBM, Intel, and the European Commission will help fund the office.
Forbes columnist David Kestenbaum argues that the future of business will be built on more than just contracts and contracts.He says the future will be built on direct relationships between companies and customers. He also writes that all of these advances are democratizing new work opportunities and providing a wealth of amazing education at the same time.
The Information reports that a bug in Bluetooth chips has caused hundreds of thousands of iPhones to activate their vibration motors and wake them up in the middle of the night. Apple released an update last week to put a stop to the problem and addressed some reports about its notification system. Apple didn't respond to Reuters' request for comment.
The Washington Post reports that the Stoneman Douglas High School massacre may make it harder for students to obtain firearms, though some senior teachers see gun control measures as something that won't change their security. No surprise there, given that they had to lock their doors and escort students during the 2018 shooting that killed 17 people.
Former U.S. envoy to the United Nations, John Bolton, is reportedly the pick to replace Nikki Haley as Trump's ambassador to the UN. CNN reports that Bolton opposes the U.N. and regularly calls it "an international cesspool."