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Twitter Shares Take Wing on Subscription Platform Plan

FILE PHOTO: A 3D-printed logo for Twitter is seen in this picture illustration on January 26, 2016. REUTERS/Dado Ruvic/Illustration
FILE PHOTO: A 3D-printed logo for Twitter is seen in this picture illustration on January 26, 2016. REUTERS/Dado Ruvic/Illustration
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Twitter Shares Take Wing on Subscription Platform Plan

FILE PHOTO: A 3D-printed logo for Twitter is seen in this picture illustration on January 26, 2016. REUTERS/Dado Ruvic/Illustration
FILE PHOTO: A 3D-printed logo for Twitter is seen in this picture illustration on January 26, 2016. REUTERS/Dado Ruvic/Illustration

Twitter shares closed the formal trading day up more than 7 percent after word spread of a team codenamed "Gryphon" working on a subscription platform.

Shares in the social network were up nearly 7.4 percent at the close of the New York Stock Exchange, and rose more than a percent more in after-market trades.

The free one-to-many messaging service has become a seemingly indispensable online venue for the latest news or commentary, with US President Donald Trump among those who post frequently.

A subscription platform could be a way for Twitter to overcome challenges making money.

A Twitter job posting said the San Francisco-based company is looking for a senior software engineer to lead payment and subscription work as part of a new "Gryphon" team.

"This is a first for Twitter," the job posting read.

"We are building a subscription platform, one that can be reused by other teams in the future."

The Gryphon engineer is to collaborate with the team handling Twitter.com, according to the posting.

Twitter confirmed the job posting, but declined to comment further.

Twitter swung to an $8 million loss in the first quarter of this year as the global pandemic hit, even as revenues edged up three percent to $808 million and its user base increased 24 percent.

Chief executive Jack Dorsey during an earnings call that the platform was working to be a useful resource for people during the pandemic.

He said Twitter's goal is to "serve the global conversation" and that the platform is "helping the world stay informed, and providing a unique way for people to come together to help or simply entertain and remind one another of our connections."

Twitter's preferred measure -- "monetizable" daily active users -- hit 166 million, a leap of 24 percent from a year ago.

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Technology

Chinese Robot 'Guide Dog' Aims to Improve Independence for Visually Impaired

A visually impaired person walks with a six-legged robot "guide dog" during a demonstration of a field test for a Shanghai Jiao Tong University test team, in Shanghai, China June 18, 2024. REUTERS/Nicoco Chan
A visually impaired person walks with a six-legged robot "guide dog" during a demonstration of a field test for a Shanghai Jiao Tong University test team, in Shanghai, China June 18, 2024. REUTERS/Nicoco Chan
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Chinese Robot 'Guide Dog' Aims to Improve Independence for Visually Impaired

A visually impaired person walks with a six-legged robot "guide dog" during a demonstration of a field test for a Shanghai Jiao Tong University test team, in Shanghai, China June 18, 2024. REUTERS/Nicoco Chan
A visually impaired person walks with a six-legged robot "guide dog" during a demonstration of a field test for a Shanghai Jiao Tong University test team, in Shanghai, China June 18, 2024. REUTERS/Nicoco Chan

It's less furry than a traditional companion, but a six-legged Chinese robot "guide dog" could one day help vision impaired people live more independently, according to its research development team in Shanghai.
The robot dog, which is currently being field-tested, is able to navigate its physical environment via cameras and sensors, including recognizing traffic light signals, which traditional guide dogs are unable to do, Reuters said.
Roughly the size of an English Bulldog but a bit wider, it can communicate by listening and speaking with a visually impaired operator with artificial intelligence technology incorporated into its voice recognition, route planning capabilities and traffic light identification. It also has six legs, which the researchers said helps it walk smoothly and with maximum stability.
"When three legs are lifted, there are still three legs .. like the tripod of a camera. It is the most stable shape," said Professor Gao Feng, the head of the research team at Jiao Tong University's School of Mechanical Engineering in Shanghai.
Married couple Li Fei, 41, and Zhu Sibin, 42, are among the visually impaired people helping the Jiao Tong University team test the robot using Chinese-language commands.
Li is completely blind and Zhu sees only a little, normally using a cane to assist him in getting around.
"If this robot guide dog comes onto the market and I could use it, at least it could solve some of my problems in traveling alone," Li said. "For example, if I want to go to work, the hospital or the supermarket (now) I cannot go out alone and must be accompanied by my family or volunteers."
Robot guide dogs are under development in other countries, including Australia and Britain, but China has a drastic shortage of traditional guide dogs.
In China, there are just over 400 guide dogs for almost 20 million blind people, Gao said.
Pet ownership and service animals are also relatively new concepts in the country, meaning many workplaces, restaurants and other public areas wouldn't welcome a more traditional helper like a Labrador.
Unlike those dogs, which will always be limited in supply due to the natural limitations of breeding and the intense training required, Gao said the production of robot guide dogs could be scaled, especially in a major manufacturing hub like China.
"It's a bit like cars. I can mass-produce them in the same way as cars, so it will become more affordable," Gao said. "I think this could be a very large market, because there might be tens of millions of people in the world who need guide dogs."