Get ready for leaping toward next G of networking.
“5G-ready networks stand to reap billions in new business opportunities. Tweet #CiscoMWC to.
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Category: business – Page 264
The chief executive of listed accounting software business Xero has claimed machine learning-based automation will be a bigger change than the advent of cloud computing, as it starts to offer options to automate accounting tasks.
Xero boss Rod Drury said the company would unveil a new feature to its software this week which would automate the coding of invoices and bank transactions for its small business customers, work that has been conducted personally by business owners or accountants until now.
The process was targeted for automation after Xero’s Find & Recode feature showed 3.1 million invoices had been incorrectly recorded by its 862,000 subscribers in the 18 months to September 2016. It is the first introduction of machine learning automation at Xero since it shifted its infrastructure to run on Amazon Web Services in 2016.
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For United Shore CEO Mat Ishbia, it’s not about what you know.
Ishbia says that specific skills, such as salesmanship, graphic design, or programming, can be taught. Those don’t guarantee whether or not a candidate will succeed at the Troy, Michigan-based financial services business.
“I don’t care about your résumé,” Ishbia says. “I don’t care about what school you went to. I don’t care about what you did at your last company.”
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Forty per cent of Australia’s jobs will disappear in 10 years but the head of CSIRO’s data research unit has delivered an action plan for how they can be replaced.
“The fourth industrial revolution is under way and the winners will be so far ahead of the losers, Australia has no choice but to pivot to the new industries that will emerge,” Data61 chief executive Adrian Turner told The Australian Financial Review Business Summit on Wednesday.
Australia was already feeling the consequences of an economy whose greatest disruptors, such as Uber and Amazon, were mostly coming from elsewhere, Mr Turner said. He noted that GDP growth rates were below historic averages, government debt to GDP ratios were rising, wage growth was slowing and productivity plateauing.
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SpaceX hopes to take paying passengers into deep space next year. Is this a real business or an ego trip?
An awfully big adventure
Elon Musk announced on Monday (27 February) that his space company SpaceX has been contracted by two private citizens to circumnavigate the moon and return to Earth late in 2018. The mission will not land on the Moon but the two privileged individuals will get close. And they have already paid a substantial deposit.
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IBM Q is an industry-first initiative to build a commercially available universal quantum computers for business and science. While technologies like AI can find patterns buried in vast amounts of existing data, quantum computers will deliver solutions to important problems where patterns cannot be seen and the number of possibilities that you need to explore to get to the answer are too enormous ever to be processed by classical computers.
IBM Q quantum systems and services will be delivered via the IBM Cloud platform and will be designed to tackle problems that are too complex and exponential in nature for classical computing systems to handle. One of the first and most promising applications for quantum computing will be in the area of chemistry and could lead to the discovery of new medicines and materials. IBM aims at constructing commercial IBM Q systems with ~50 qubits in the next few years to demonstrate capabilities beyond today’s classical systems, and plans to collaborate with key industry partners to develop applications that exploit the quantum speedup of the systems.
IBM also announced:
- The release of a new API (Application Program Interface) for the IBM Quantum Experience that enables developers and programmers to begin building interfaces between its existing five quantum bit (qubit) cloud-based quantum computer and classical computers, without needing a deep background in quantum physics.
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(sth/T.L.) – Luxembourg’s government and Tokyo-based space lunar robotic exploration company ispace Inc. on Thursday signed a Memorandum of Understanding (MoU) in the context of the SpaceResources.lu initiative with focus on developing miniaturized technology to discover, map, and utilize resources on the Moon.
Japanese start-up ispace was created by Hakuto, a finalist team of Google’s prestigious innovation competition Google Lunar XPRIZE. The company already works together with the Luxembourg Institute of Science and Technology (LIST) and will continue to do so.
Within the framework of this MoU, ispace intends to focus, through its new European office based in Luxembourg, on business development, R&D and on several key technical services, including payload development, engineering and integration.
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SAN FRANCISCO A company now owned by Uber last year quietly bought a small firm specializing in sensor technology used in autonomous vehicles, giving the ride services company a patent in the technology and possibly a defense against a trade secrets theft lawsuit filed against it by rival Alphabet Inc.
The chief executive of little-known Tyto Lidar LLC said in a May 2016 post on LinkedIn that the company had been sold, at the same time as he and three other executives joined Otto, according to their profiles on the online business network. Official U.S. patent data shows Otto acquired Tyto technology at the same time.
Otto, a self-driving truck startup founded by former Alphabet employees, was bought by Uber in August.
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