China

Shandong manufacturing giant Nanshan eyes digital shift in industrial upgrading

Xinhua News Agency | Apr 15, 2019 at 12:51 PM
  • The two companies have inked a project cooperation agreement on intelligent manufacturing and big data application to speed up Nanshan’s industrial upgrading.
  • The intelligent manufacturing platform will enable the Shandong-based company to digitally monitor and control the production process, optimizing production and improving efficiency, and helping improve decision-making and product quality with big data.
  • The Chinese government has been encouraging traditional manufacturers to upgrade their products and services by integrating with digital technologies in its bid to promote economic transition.

Turkey

Avengers Assemble: Are There Any Technologies in the Marvel Cinematic Universe That Are Actually Possible?

Interesting Engineering | Apr 15, 2019 at 12:51 PM
  • Let’s face it if you could build yourself a fully functioning Iron Man Suit you would.
  • Now there is a lot of technology packed into Mr. Stark’s impressive suits and 85 iterations, so first, let’s just focus on answering the question of whether or not the most basic Iron Man suit is even possible.
  • The small vibranium beads can hold personal data and can act as a universal controller for a host of other awesome Wakanda technologies.

United States

Profits sink at Goldman Sachs in 1Q as trading slows

Fox Business | Apr 15, 2019 at 12:45 PM
  • Profits sank at Goldman Sachs in the three months through March as the investment firm struggled with lower trading volume amid volatility on Wall Street and a more significant focus on consumer banking.
  • Unlike its peers, Goldman relies heavily on its investment banking and trading revenue to bolster earnings.
  • Profits declined 20 percent to $2.2 billion, or $5.71 per share, higher than Wall Street predictions.

United States

New York City’s algorithm task force is fracturing

The Verge | Apr 15, 2019 at 12:43 PM
  • In 2017, New York City passed a law to keep the city’s automated systems in check.
  • Some members have turned openly critical of the city, accusing officials of failing to provide transparent access to information, effectively turning the task force into a publicity effort instead of a source of accountability.
  • Richardson, with a group of several local advocates, signed on to a letter in August outlining ways the task force could effectively work with the public.

United States

Brazil’s Itaú rolls out facial biometrics to tackle auto loan fraud

ZDNet | Apr 15, 2019 at 12:40 PM
  • Brazilian bank Itaú Unibanco will roll out facial biometrics to fend off fraud in auto loan processes and improve customer experience.
  • Vehicle financing applications to the Brazilian bank that initiate at dealerships and partner stores are carried out in a platform provided by Itaú platform.
  • The AI-enabled cameras also play an important role in the customer experience at the branch: facial recognition allows the bank to determine the number of clients within the agency, measuring queue time and generating heat maps to establish which sector has the highest concentration of people.

United States

Australia’s Largest Beverage Company Scouts for Startups with X Factor in Indonesia

Entrepreneur | Apr 15, 2019 at 12:37 PM
  • Australia-based food and beverage company, Coca-Cola Amatil, has announced that it will establish its operations in Indonesia through its corporate venture capital (CVC) fund,Amatil X. The firm aims to leverage local startups and build entrepreneurial capability in the ecosystem.
  • The VC program will commence operations this month with a pilot partnership between Coca-Cola Amatil Indonesia and Digitaraya, an established local accelerator program powered by Google.

United States

Fukushima plant begins 2-year effort to remove fuel rods

United Press International (UPI) | Apr 15, 2019 at 12:37 PM
  • Electric authorities began removing spent fuel rods Monday from the damaged reactor at Japan’s Fukushima power station, eight years after its core melted down in one of the world’s worst nuclear accidents.
  • Tokyo Electric Power Co. began using a remotely guided robotic arm to remove the rods from the storage pool, where they’ve been since the 2011 accident.
  • Officials began removing rods from reactor No.

United States

Foxconn chairman Terry Gou says he’ll step down after 45 years

The Verge | Apr 15, 2019 at 12:32 PM
  • Foxconn founder and chairman Terry Gou will step down in the coming months, 45 years after founding the company that made him Taiwan’s richest man.
  • Foxconn currently manufactures iPhones, and analysts estimate that Apple could provide as much as half of Foxconn’s revenue.
  • Almost a year later, Foxconn’s plans now seem to be in continual flux, and many of its buildings are still empty.

United States

The most overlooked path to commercialize AI is for companies to do it themselves

TechCrunch | Apr 15, 2019 at 12:30 PM
  • The Bessemer Process patented in 1856 by Sir Henry Bessemer is one of the inventions most closely associated with catalyzing the second industrial revolution.
  • Following in the footsteps of founders like Bessemer, today’s innovative startups are discovering that it often makes more sense to launch “full stack” businesses that provide a traditional service optimized with proprietary automation measures.
  • Going full stack opens up opportunities for companies to integrate labeling workflows into other jobs.

United States

Jack Ma endorses China’s controversial 12 hours a day, 6 days a week work culture

CNN | Apr 15, 2019 at 12:29 PM
  • Hong Kong (CNN Business)One of China’s richest men has been criticized for endorsing the controversial culture of 12-hour workdays in the country’s red-hot tech industry, saying employees who worked longer hours will get the “rewards of hard work.”
  • Other high-profile figures in China’s tech industry have reportedly defended long working hours in the technology industry.
  • A spokesperson for Alibaba did not immediately respond to a request for comment on Ma’s social media posts or the company’s policy on overtime.