Author: azeeadmin

16 Aug 2018

Streaming TV services now reach 5% of U.S. Wi-Fi households, up 58% since last year

The number of U.S. households watching streaming TV services – those that deliver cable TV-like programming over the internet – has grown a remarkable 58% over last year, according to new data from comScore. However, these services still account for a small portion of the overall market, as only 5 percent (4.9 million) of U.S. households with Wi-Fi streamed TV over one of these services in April 2018.

In citing that number, comScore was specifically looking at what it called “pure-play” vMVPDs (virtual multichannel video programming distributors) – a variation on a fancy industry term that refers to live TV services like Sling TV. These services stream multiple channels over the internet without supplying infrastructure like coax cable to do so, and don’t offer other content like original programming or user videos.

Today’s lineup of these “vMVPDs” includes: Sling TV, DirecTV Now, Playstation Vue, fuboTV, Philo, YouTube TV, and Hulu with Live TV. These “pure-play vMVPDs,” as comScore referred to them, are basically that same list, excluding Hulu Live and YouTube TV, as those also include access to non-linear, digital-only content like original programming.

The firm found that consumer adoption of these “pure-play” live TV services is growing significantly, as more people cut the cord with traditional pay TV.

For example, these “pure-play” streaming services accounted for 10% of all the time spent streaming shows and movies over-the-top during the month of April 2018. That’s up 53% from last year.

And in households where one of these live TV services is present, nearly half the time that household spends streaming programming over-the-top is via that service.

Also interesting is the fact that, unlike with a lot of new technology, these live TV services aren’t just being adopted by younger demographics.

In April 2017, 29% of U.S. households using one of these service had a head of the household who was under the age of 35. In a year’s time. that percentage dropped 8 points to 21%, which indicates there are more older viewers now signing up.

Another finding from the report is that the live TV services are coming into households that are already doing a ton of over-the-top streaming.

In April 2018, these households streamed an average of 128 hours of over-the-top content. That’s far more than the average of 54 hours. Around half the hours they spent was on streaming live TV, and the other half is streaming from other services, like video-on-demand services such as Netflix or Amazon Prime Video.

comScore estimates these live TV services will continue to grow in the months ahead, and even forecast that newcomers like Hulu Live and YouTube TV to well exceed a million users each sometime this year.

That would put all the vMVPDs at more than 7 million total users – or nearly one-third the number of households with satellite TV.

16 Aug 2018

Autonomous retail startup Inokyo’s first store feels like stealing

Inokyo wants to be the indie Amazon Go. It’s just launched its prototype cashierless autonomous retail store. Cameras track what you grab from shelves, and with a single QR scan of its app on your way in and out of the store, you’re charged for what you got.

Inokyo‘s first store is now open on Mountain View’s Castro Street selling an array of bougie kombuchas, snacks, protein powders, and bath products. It’s sparse and a bit confusing, but offers a glimpse of what might be a commonplace shopping experience five years from now. You can get a glimpse yourself in our demo video below:

“Cashierless stores will have the same level of impact on retail as self-driving cars will have on transportation” Inokyo co-founder Tony Francis tells me. “This is the future of retail. It’s inevitable that stores will become increasingly autonomous.”

Inokyo (rhymes with Tokyo) is now accepting signups for beta customers who want early access to its Mountain View store. The goal is to collect enough data to dictate the future product array and business model. Inokyo is deciding whether it wants to sell its technology as a service to other retail stores, run its own stores, or work with brands to improve their product’s positioning based on in-store sensor data on custom behavior.

We knew that building this technology in a lab somewhere wouldn’t yield a successful product” says Francis. “Our hypothesis here is that whoever ships first, learns in the real world, and iterates the fastest on this technology will be the ones to make these stores ubiquitous.” Inokyo might never rise into a retail giant ready to compete with Amazon and Whole Foods. But its tech could even the playing field, equipping smaller businesses with the tools to keep tech giants from having a monopoly on autonomous shopping experiences.

It’s About What Cashiers Do Instead

Amazon isn’t as ahead as we assumed” Francis remarks. He and his co-founder Rameez Remsudeen took a trip to Seattle to see the Amazon Go store that first traded cashiers for cameras in the US. Still, they realized “This experience can be magical”. The two had met at Carnegie Mellon through machine learning classes before they went on to apply that knowledge at Instaram and Uber. The two decided that if they jumped into autonomous retail soon enough, they could still have a say in shaping its direction.

Next week, Inokyo will graduate from Y Combinator’s accelerator that provided its initial seed funding. In six weeks during the program, they found a retail space on Mountain View’s main drag, studied customer behaviors in traditional stores, built an initial product line, and developed the technology to track what user are taking off the shelves.

Here’s how the Inokyo store works. You download its app and connect a payment method, and you get a QR code that you wave in front of a little sensor as you stroll into the shop. Overhead cameras will scan your body shape and clothing without facial recognition in order to track you as you move around the store. Meanwhile, on-shelf cameras track when products are picked up or put back. Combined, knowing who’s where and what’s grabbed lets it assign the items to your cart. You scan again on your way out, and later you get a receipt detailing the charges.

Originally, Inokyo actually didn’t make you scan on the way out, but it got the feedback that customers were scared they were actually stealing. The scan-out is more about peace of mind than engineering necessity. There is a subversive pleasure to feeling like “well, if Inokyo didn’t catch all the stuff I chose, that’s not my problem.” And if you’re overcharged, there’s an in-app support button for getting a refund.

Inokyo co-founders (from left): Tony Francis and Rameez Remsudeen

Inokyo was accurate in what it charged me despite me doing a few switcharoos with products I nabbed. But there were only about three people in the room with at the time. The real test for these kinds of systems are when a rush of customers floods in and that cameras have to differentiate between multiple similar-looking people. Inokyo will likely need to be over 99 percent accurate to be more of a help than a headache. An autonomous store that constantly over- or undercharges would be more trouble than it’s worth, and patrons would just go to the nearest classic shop.

Just because autonomous retail stores will be cashier-less doesn’t mean they’ll have no staff. To maximize cost-cutting, they could just trust that people won’t loot it. However, Inokyo plans to have someone minding the shop to make sure people scan in the first place and to answer questions about the process. But theirs also an opportunity in reassigning labor from being cashiers to concierges that can recommend the best products or find what’s the right fit for the customer. These stores will be judged by the convenience of the holistic experience, not just the tech. At the very least, a single employee might be able to handle restocking, customer support, and store maintenance once freed from cashier duties.

The Amazon Go autonomous retail store in Seattle is equipped with tons of overhead cameras.

While Amazon Go uses cameras in a similar way to Inokyo, it also relies on weight sensors to track items. There are plenty of other companies chasing the cashierless dream. China’s BingoBox has nearly $100 million in funding and has over 300 stores, though they use less sophisticated RFID tags. Fellow Y Combinator startup Standard Cognition has raised $5 million to equip old school stores with autonomous camera-tech. AiFi does the same, but touts that its cameras can detect abnormal behavior that might signal someone is a shoplifter.

The store of the future seems like more and more of a sure thing. The race’s winner will be determined by who builds the most accurate tracking software, easy-to-install hardware, and pleasant overall shopping flow. If this modular technology can cut costs and lines without alienating customers, we could see our local brick-and-mortars adapt quickly. The bigger question than if or even when this future arrives is what it will mean for the millions of workers who make their living running the checkout lane.

16 Aug 2018

Facebook is going back to college

Kids these days take a greater interest in practical things than we give them credit for. For example, this summer my 12-year-old son Leo was at sleepaway camp in Canada. When we received his first letter home, among camp platitudes, the two notable items reported were that one of his counselors was discharged from the Israeli Army a week before camp, while another was recently “mugged by three guys (one had a gun!) and got stabbed in the arm.” Leo reported the cabin was mesmerized when, as a reward, the counselor showed campers his sweater with a knife hole in it.

America’s colleges and universities could learn a thing or two from Leo, because they continue to resist teaching students the practical things they’ll need to know as soon as they graduate; for instance, to get jobs that will allow them to make student loan payments. Digital skills head this list, specifically experience with the high-powered software they’ll be required to use every day in entry-level positions.

But talk to a college president or provost about the importance of Marketo, HubSpot, Pardot, Tableau, Adobe and Autodesk for their graduates, and they’re at a loss for how to integrate last-mile training into their degree programs in order prepare students to work on these essential software platforms.

Enter a new company, Pathstream, which just announced a partnership with tech leader Unity and previously partnered with Facebook. Pathstream supports the delivery of career-critical software skill training in VR/AR and digital marketing at colleges and universities.

According to Pathstream co-founder Eleanor Cooper, the company was created from piecing together two insights. First, graduates aren’t getting the digital skills they need to be hired. Employers are so frustrated that they no longer believe that new grads are qualified for digital jobs; according to a recent survey of more than 95,000 job postings by TalentWorks, 61 percent of positions that say they’re seeking entry-level employees now specify at least three years or more of relevant work experience. Second, tech companies are struggling to reach new generations of learners.

While today’s college graduates are “digital natives,” these natives have been conditioned on Netflix-like interfaces, and aren’t accustomed to laborious software configurations, or the steep learning curves required to master a software platform.

As a result, Cooper says Pathstream makes learning a new software platform live up to student expectations of receiving “joy before pain,” thereby gently nudging college students down the road to mastery. In addition, rather than traditional classroom-based learning, Pathstream’s platform simulates a work environment, where students complete tasks and projects on the platform, build a portfolio of work and earn a certification from both a higher education institution and the software company.

Facebook is using Pathstream to support training students on its digital marketing platform, including social media marketing using Facebook Ad Manager and Instagram . Parisa Zagat, Policy Programs Manager at Facebook, related the partnership with Pathstream to its pledge in June to train 1 million U.S. small business owners on the digital skills they need to compete in today’s workplace.

Unity is focusing its training on VR/AR courses for industry use cases (construction, manufacturing, automotive, enterprise training). Jessica Lindl, Global Head of Education at Unity, said “in order to gain employment in today’s digitally focused world, job-seekers are required to rapidly up-level their skills.”

Image: Getty Images/smartboy10/DigitalVision

“The problem is there’s a significant education gap between those who seek to learn these skills and the programs available to them. With Pathstream, we will be able to provide interactive programs for students of all backgrounds to learn real-world software platforms in their own way, making it easier and more efficient for them to find success in their current career path or a new one.”

While it completes training programs for Facebook and Unity, Pathstream is building out a network of colleges that will offer the curriculum to students. Recently, Facebook announced that Pathstream will be offering digital marketing certificates at Central New Mexico Community College and Des Moines Area Community College. According to Zagat, “By the end of the year, Facebook plans to form a total of 20 partnerships with community colleges across the country, working hand-in-hand with Pathstream and the colleges to build out custom curriculums and programs for these partnerships.”

Cooper says that “colleges and universities understand that their students are focused on employment, and specifically on getting a good first job. Today’s students no longer buy the line that college prepares you for your fifth job, not your first job. They know that if you don’t get a good first job, you’re probably not going to get a good fifth job.” And, as she points out, most good first jobs specifically require one or more technologies like Facebook or Unity — technologies that colleges and universities aren’t teaching.

If Pathstream is able to realize its vision of integrating industry-relevant software training into degree programs in a big way, colleges and universities have a shot at maintaining their stranglehold as the sole pathway to successful careers. If Pathstream’s impact is more limited, watch for millions of students to sidestep traditional colleges, and enroll in emerging faster and cheaper alternative pathways to good first jobs — alternative pathways that will almost certainly integrate the kind of last-mile training being pioneered by Pathstream.

16 Aug 2018

Work-Bench enterprise report predicts end of SaaS could be coming

Work-Bench, a New York City venture capital firm that spends a lot of time around Fortune 1000 companies, has put together The Work-Bench Enterprise Almanac: 2018 Edition, which you could think of as a State of the Enterprise report. It’s somewhat like Mary Meeker’s Internet Trends report, but with a focus on the tools and technologies that will be having a major impact on the enterprise in the coming year.

Perhaps the biggest take-away from the report could be that the end of SaaS as we’ve known could be coming if modern tools make it easier for companies to build software themselves. More on this later.

While the report writers state that their findings are based at least partly on anecdotal evidence, it is clearly an educated set of observations and predictions related to the company’s work with enterprise startups and the large companies they tend to target.

As they wrote in their Medium post launching the report, “Our primary aim is to help founders see the forest from the trees. For Fortune 1000 executives and other players in the ecosystem, it will help cut through the noise and marketing hype to see what really matters.” Whether that’s the case will be in the eye of the reader, but it’s a comprehensive attempt to document the state of the enterprise as they see it, and there are not too many who have done that.

The big picture

The report points out the broader landscape in which enterprise companies — startups and established players alike — are operating today. You have traditional tech companies like Cisco and HP, the mega cloud companies like Amazon, Microsoft and Google, the Growth Guard with companies like Snowflake, DataDog and Sumo Logic and the New Guard, those early stage enterprise companies gunning for the more established players.

As the report states, the mega cloud players are having a huge impact on the industry by providing the infrastructure services for startups to launch and grow without worrying about building their own data centers or scaling to meet increasing demand as a company develops.

The mega clouders also scoop up a fair number of startups. Yet they don’t devote quite the level of revenue to M&A as you might think based on how acquisitive the likes of Salesforce, Microsoft and Oracle have tended to be over the years. In fact, in spite of all the action and multi-billion deals we’ve seen, Work-Bench sees room for even more.

It’s worth pointing out that Work-Bench predicts Salesforce itself could become a target for mega cloud M&A action. They are predicting that either Amazon or Microsoft could buy the CRM giant. We saw such speculation several years ago and it turned out that Salesforce was too rich for even these company’s blood. While they may have more cash to spend, the price has probably only gone up as Salesforce acquires more and more companies and its revenue has surpassed $10 billion.

About those mega trends

The report dives into 4 main areas of coverage, none of which are likely to surprise you if you read about the enterprise regularly in this or other publications:

  • Machine Learning
  • Cloud
  • Security
  • SaaS

While all of these are really interconnected as SaaS is part of the cloud and all need security and will be (if they aren’t already) taking advantage of machine learning. Work-Bench is not seeing it in such simple terms, of course, diving into each area in detail.

The biggest take-away is perhaps that infrastructure could end up devouring SaaS in the long run. Software as a Service grew out of couple of earlier trends, the first being the rise of the Web as a way to deliver software, then the rise of mobile to move it beyond the desktop. The cloud-mobile connection is well documented and allowed companies like Uber and Airbnb, as just a couple of examples, to flourish by providing scalable infrastructure and a computer in our pockets to access their services whenever we needed them. These companies could never have existed without the combination of cloud-based infrastructure and mobile devices.

End of SaaS dominance?

But today, Work-Bench is saying that we are seeing some other trends that could be tipping the scales back to infrastructure. That includes containers and microservices, serverless, Database as a Service and React for building front ends. Work-Bench argues that if every company is truly a software company, these tools could make it easier for companies to build these kind of services cheaply and easily, and possibly bypass the SaaS vendors.

What’s more, they suggest that if these companies are doing mass customization to these services, then it might make more sense to build instead of buy, at least on one level. In the past, we have seen what happens when companies try to take these kinds of massive software projects on themselves and it hardly ever ended well. They were usually bulky, difficult to update and put the companies behind the curve competitively. Whether simplifying the entire developer tool kit would change that remains to be seen.

They don’t necessarily see companies running wholesale away from SaaS just yet to do this, but they do wonder if developers could push this trend inside of organizations as more tools appear on the landscape to make it easier to build your own.

The remainder of the report goes in depth into each of these trends, and this article just has scratched the surface of the information you’ll find there. The entire report is embedded below.

16 Aug 2018

China is the fastest growing smart speaker market

No surprise that smart speaker sales are on the rise. That certainly comports with recent numbers from NPD. The latest report from Canalys, however, pulls the camera back a bit to give a better picture of the global market. Seems that while smart speaker sales continue to be hot here in the States, they’re positively on fire in China.

Global shipments increased by 187 percent year-over-year for a total of 16.8 million units. China accounted for 52-percent of the total growth worldwide, with Alibaba and Xiaomi accounting for 17.7 and 12.2 percent, respectively. The growth is large, in part, due to the fact that the category effectively didn’t exists a year ago.

Canalys’ Hattie He notes that a confluence of different elements have potentially put the country on track overtake the U.S.

“Alibaba and Xiaomi have both relied on aggressive price cuts to create demand,” He adds. “Both companies have the financial backing to spend on marketing and hardware subsidies in a bid to quickly build their user bases. Although the real level of user demand for speaker products is currently unproven, China is on its way to overtake the US in the near term. The challenge remains for local vendors to increase user stickiness and generate revenue from the growing installed base of smart speaker users.”

Also interesting is the fact that Google has maintained its top spot ahead of Amazon, with explosive growth year over year. Google’s up 449 percent to Amazon’s -14 — putting the two companies in first and second place, respectively. Of course, Amazon got a significant headset in the market, so Google has some ground to make up. Apple, meanwhile, failed to crack the top four.

16 Aug 2018

Facebook cracks down on opioid dealers after years of neglect

Facebook’s role in the opioid crisis could become another scandal following yesterday’s release of harrowing new statistics from the Center for Disease Control. It estimated there were nearly 30,000 synthetic opioid overdose deaths in the U.S. in 2017, up from roughly 20,000 the year before. When recreational drugs like Xanax and OxyContin are adulterated with the more powerful synthetic opioid Fentanyl, the misdosage can prove fatal. Xanax, OxyContin and other pain killers are often bought online, with dealers promoting themselves on social media including Facebook.

Hours after the new stats were reported by The New York Times and others, a source spotted that Facebook’s internal search engine stopped returning posts, Pages and Groups for searches of “OxyContin,” “Xanax,” “Fentanyl” and other opioids, as well as other drugs like “LSD.” Only videos, often news reports deploring opiate abuse, and user profiles whose names match the searches, are now returned. This makes it significantly harder for potential buyers or addicts to connect with dealers through Facebook.

However, some dealers have taken to putting drug titles into their Facebook profile names, allowing accounts like “Fentanyl Kingpin Kilo” to continue showing up in search results. It’s not exactly clear when the search changes occurred.

On some search result pages for queries like “buy xanax,” Facebook is now showing a “Can we help?” box that says “If you or someone you know struggles with opioid misuse, we would like to help you find ways to get free and confidential treatment referrals, as well as information about substance use, prevention and recovery.” A “Get support” button opens the site of The Substance Abuse and Mental Health Services Administration, a branch of the U.S. department of health and human services that provides addiction resources. Facebook had promised back in June that this feature was coming.

Facebook search results for many drug names now only surface people and video news reports, and no longer show posts, Pages or Groups, which often offered access to dealers

When asked, Facebook confirmed that it’s recently made it harder to find content that facilitates the sale of opioids on the social network. Facebook tells me it’s constantly updating its approach to thwart bad actors who look for new ways to bypass its safeguards. The company confirms it’s now removing content violating its drug policies, and it’s blocked hundreds of terms associated with drug sales from showing results other than links to news about drug abuse awareness. It’s also removed thousands of terms from being suggested as searches in its typeahead.

Prior to recent changes, buyers could easily search for drugs and find posts from dealers with phone numbers to contact

Regarding the “Can we help?” box, Facebook tells me this resource will be available on Instagram in the coming weeks, and it provided this statement:

We recently launched the “Get Help Feature” in our Facebook search function that directs people looking for help or attempting to purchase illegal substances to the SAMHSA national helpline. When people search for help with opioid misuse or attempt to buy opioids, they will be prompted with content at the top of the search results page that will ask them if they would like help finding free and confidential treatment referrals. This will then direct them to the SAMHSA National Helpline. We’ve partnered with the Substance Abuse & Mental Health Services Administration to identify these search terms and will continue to review and update to ensure we are showing this information at the most relevant times.

Facebook’s new drug abuse resource feature

The new actions follow Facebook shutting down some hashtags like “#Fentanyl” on Instagram back in April that could let buyers connect with dealers. That only came after activists like Glassbreakers’ Eileen Carey aggressively criticized the company, demanding change. In some cases, when users would report Facebook Groups’ or Pages’ posts as violating its policy prohibiting the sale of regulated goods like drugs, the posts would be removed, but Facebook would leave up the Pages. This mirrors some of the problems it’s had with Infowars around determining the threshold of posts inciting violence or harassing other users necessary to trigger a Page or profile suspension or deletion.

Facebook in some cases deleted posts selling drugs, but not the Pages or Groups carrying them

Before all these changes, users could find tons of vendors illegally selling opioids through posts, photos and Pages on Facebook and Instagram. Facebook also introduced a new ads policy last week requiring addiction treatment centers that want to market to potential patients be certified first to ensure they’re not actually dealers preying on addicts.

Much of the recent criticism facing Facebook has focused on it failing to prevent election interference, privacy scandals and the spread of fake news, plus how hours of browsing its feeds can impact well-being. But its negligence regarding illegal opioid sales has likely contributed to some of the 72,000 drug overdose deaths in America last year. It serves as another example of how Facebook’s fixation on the positive benefits of social networking blinded it to the harsh realities of how its service can be misused.

Last November, Facebook CEO Mark Zuckerberg said that learning of the depths of the opioid crisis was the “biggest surprise” from his listening tour visiting states across the U.S, and that it was “really saddening to see.”

Zuckerberg meets with Opioid crisis caregivers and the families of victims in Ohio in April 2017

Five months later, Representative David B. McKinley (R-W.VA) grilled Zuckerberg about Facebook’s responsibility surrounding the crisis. “Your platform is still being used to circumvent the law and allow people to buy highly addictive drugs without a prescription” McKinley said during Zuckerberg’s congressional hearings in April. “With all due respect, Facebook is actually enabling an illegal activity, and in so doing, you are hurting people. Would you agree with that statement?” The CEO admitted “there are a number of areas of content that we need to do a better job policing on our service.”

Yet the fact that he called the crisis a “surprise” but failed to take stronger action when some of the drugs causing the epidemic were changing hands via his website is something Facebook hasn’t fully atoned for, nor done enough to stop. The new changes should be the start of a long road to recovery for Facebook itself.

16 Aug 2018

New Zealand to VCs and hedge fund managers buying up its land: No more

Over the last couple of years, a once well-kept secret began to gain traction in New York media outlets: wealthy American investors, including VCs and hedge fund managers, had begun snapping up tracts of land in New Zealand, largely out of fear that a Trump administration could have a destabilizing effect on an already polarized United States but also owing to growing concerns about climate change and other impending disaster scenarios.

Now, facing a growing backlash over rising housing prices, New Zealand’s parliament has banned non-residents from purchasing most types of homes, aside from new apartments in large developments. (Australians and Singaporeans are exempt because of free-trade deals.)

The bill, passed narrowly yesterday, was reportedly heralded by New Zealand’s Trade and Economic Development Minister David Parker as a “significant milestone.”

Said Parker, “This government believes that New Zealanders should not be outbid by wealthier foreign buyers . . . Whether it’s a beautiful lakeside or ocean-front estate, or a modest suburban house, this law ensures that the market for our homes is set in New Zealand, not on the international market.”

The move to block foreign buyers isn’t a complete shock in lieu of the amount of publicity that New Zealand has garnered in recent years as a haven for wealthy survivalists, including those in tech. The New Yorker began exploring the trend in profile about Y Combinator President Sam Altman, which said that Altman’s plan, in the case a pandemic, was to “fly with his friend Peter Thiel, the billionaire venture capitalist, to Thiel’s house in New Zealand.”

The outlet followed up with another piece several months later, in January of last year, about many other investors who’d come to see New Zealand as their backup plan. In fact, there were so many of them — particularly hedge fund managers — that it had become a bit of a running joke, LinkedIn founder and investor Reid Hoffman told the magazine. He recalled telling a friend that he was thinking of visiting New Zealand, after which the friend had asked Hoffman, “Oh, are you going to get apocalypse insurance?” Said Hoffman to the New Yorker,  “Saying you’re ‘buying a house in New Zealand’ is kind of a wink, wink, say no more. Once you’ve done the Masonic handshake, they’ll be, like, ‘Oh, you know, I have a broker who sells old ICBM silos, and they’re nuclear-hardened, and they kind of look like they would be interesting to live in.’ ”

(Thiel’s ties to New Zealand became particularly prominent after the New York Times published his successful 2011 application for citizenship to the South Pacific island nation, in which Thiel had stated: “I am happy to say categorically that I have found no other country that aligns more with my view of the future than New Zealand.” The piece reported on Thiel’s application in February of last year because several days earlier, Trump signed an order that temporarily banned all refugees from the U.S.)

According to the country’s Internal Affairs Department, last year, 36,450 people were granted New Zealand citizenship. Nearly six thousand of them came from the United Kingdom. Another 4,665 came from India and, lower down the line in terms of the percentage of people accepted, 1,314 people were granted citizenship who were born in China, and 735 were born in the U.S.

The country is home to roughly five million people altogether.

It’s hard to know just how many wealthy Americans have become landowners in New Zealand, though New York hedge fund managers appear to have gotten the memo about the country ahead of Silicon Valley.  (Thiel, notably, had created a hedge fund called Clarium Capital back in 2002, though it’s been wound down in more recent years.)

According to the New Yorker, Rob Johnson, a former hedge fund manager with Soros who is today the president of a Soros-backed think tank called the Institute for New Economic Thinking, told an audience at the World Economic Forum in Switzerland in 2015, “I know hedge-fund managers all over the world who are buying airstrips and farms in places like New Zealand because they think they need a getaway.”

Meanwhile, a BBC report about the new ban states that Chinese investors have actually been among the biggest and most active offshore buyers of property in New Zealand in recent years.

 

16 Aug 2018

Tomu is a fingernail-sized computer that is easy to swallow

I’m a huge fan of single board computers, especially if they’re small enough to swallow. That’s why I like the Tomu. This teeny-tiny ARM processor essentially interfaces with your computer via the USB port and contains two LEDs and two buttons. Once it’s plugged in the little computer can simulate a hard drive or mouse, send MIDI data, and even blink quickly.

The Tomu runs the Silicon Labs Happy Gecko EFM32HG309 and can also act as a Universal 2nd Factor security token. It is completely open source and all the code is on their GitHub.

I bought one for $30 and messed with it for a few hours. The programs are very simple and you can load in various tools including a clever little mouse mover – maybe to simulate mouse usage for an app – and a little app that blinks the lights quickly. Otherwise you can use it to turn your USB hub into an on-off switch for your computer. It’s definitely not a fully-fledged computer – there are limited I/O options, obviously – but it’s a cute little tool for those who want to do a little open source computing.

One problem? It’s really, really small. I’d do more work on mine but I already lost it while I was clearing off a desk so I could see it better. So it goes.

16 Aug 2018

Intel buys deep-learning startup Vertex.AI to join its Movidius unit

Intel has an ambition to bring more artificial intelligence technology into all aspects of its business, and today is stepping up its game a little in the area with an acquisition. The computer processing giant has acquired Vertex.AI, a startup that had a mission of making it possible to develop “deep learning for every platform”, and had built  a deep learning engine called PlaidML to do this.

Terms of the deal have not been disclosed but Intel has provided us with the following statement, confirming the deal and that the whole team — including founders Choong Ng and Brian Retford — will be joining Intel.

“Intel has acquired Vertex.AI, a Seattle-based startup focused on deep learning compilation tools and associated technology. The seven-person Vertex.AI team joined the Movidius team in Intel’s Artificial Intelligence Products Group. With this acquisition, Intel gained an experienced team and IP to further enable flexible deep learning at the edge. Additional details and terms are not being disclosed.”

A note on Vertex’s home page says the team will become part of Intel’s Movidius unit, which was formed around a computer vision chipmaking startup of the same name that Intel acquired in 2016.

Vertex says that Intel will continue to develop PlaidML as an open source project (see its Github page here), where it will continue to support a variety of hardware under an Apache 2.0 license with an Intel nGraph backend. “We are excited to advance flexible deep learning for edge computing as part of Intel,” the company said.

Intel, once a pace-setter and leader in the computing industry on the strength of its processors, has lost some momentum amid a new wave of companies building processors for mobile and other next-generation devices. The company has set its sights on being at the centre of the next wave of computing, and that is the wider context for its focus on R&D and other investments in AI. Vertex is an interesting company in that regard, as its platform is focused on building AI capabilities into a variety of chips, and is focused on helping bridge the gap between having powerful processors and actually using them to build AI into apps.

“There’s a large gap between the capabilities neural networks show in research and the practical challenges in actually getting them to run on the platforms where most applications run,” Ng noted in a statement on the company’s launch in 2016. “Making these algorithms work in your app requires fast enough hardware paired with precisely tuned software compatible with your platform and language. Efficient plus compatible plus portable is a huge challenge—we can help.” For Intel, this could mean using Vertex’s IP to help build its own applications, or potentially applications for of its customers.

It’s not clear how much funding Vertex.AI had raised. Investors included Curious Capital, which focused on pre-seed and seed-stage funding for startups in the Pacific Northwest; and the Creative Destruction Lab, an accelerator focused on machine learning startups based in Toronto.

More to come.

 

 

16 Aug 2018

Google Search’s new featured snippet panel saves you more clicks

Google is introducing an additional format for featured snippets in its search results today. For years, these snippets have appeared at the top of the search results page and featured both images and text that Google thinks are relevant to your query. They are all about Google saving you a click. Today, Google is going beyond this single answer for some queries and introducing a panel that also features relevant subtopics, saving you even more clicks.

Google’s canonical example for a query to trigger this new panel is “Quartz Vs. Granite.” This query brings up the usual snippet, plus subtopics like cost, benefits, weight and durability. Those topics are automatically chosen based on what Google’s algorithms understand about this topic.

You don’t need a [vs.] query to trigger this, though. If you look for something like “emergency funds,” you’ll also see a similar panel.

For now, I was only able to trigger these new panels on mobile, but Google says it is rolling out this feature over the coming days, so it may be a while before you spot one in the wild. I was also unsuccessful in triggering them with any other query I tried, but maybe you are luckier than me.

Google notes that today’s announcement is part of an ongoing effort to provide more comprehensive results to your questions. This February, for example, Google started showing multiple featured snippets when its systems think a query has multiple interpretations.