New research puts us on the cusp of brain-to-brain communication. Could the next step spell the end of individual minds? ... we’ve moved beyond merely thinking orders at machinery. Now we’re using that machinery to wire living brains together. Last year, a team of European neuroscientists headed by Carles Grau of the University of Barcelona reported a kind of – let’s call it mail-order telepathy – in which the recorded brainwaves of someone thinking a salutation in India were emailed, decoded and implanted into the brains of recipients in Spain and France (where they were perceived as flashes of light). ... What are the implications of a technology that seems to be converging on the sharing of consciousness? ... It would be a lot easier to answer that question if anyone knew what consciousness is. There’s no shortage of theories. ... Their models – right or wrong – describe computation, not awareness. There’s no great mystery to intelligence; it’s easy to see how natural selection would promote flexible problem-solving, the triage of sensory input, the high-grading of relevant data (aka attention). ... If physics is right – if everything ultimately comes down to matter, energy and numbers – then any sufficiently accurate copy of a thing will manifest the characteristics of that thing. Sapience should therefore emerge from any physical structure that replicates the relevant properties of the brain.
It took years for the Internet to reach its first 100 computers. Today, 100 new ones join each second. And running deep within the silicon souls of most of these machines is the work of a technical wizard of remarkable power, a man described as a genius and a bully, a spiritual leader and a benevolent dictator. ... Linus Torvalds — who in person could be mistaken for just another paunchy, middle-aged suburban dad who happens to have a curiously large collection of stuffed penguin dolls — looms over the future of computing much as Bill Gates and the late Steve Jobs loom over its past and present. For Linux, the operating system that Torvalds created and named after himself, has come to dominate the exploding online world, making it more popular overall than rivals from Microsoft and Apple. ... But while Linux is fast, flexible and free, a growing chorus of critics warn that it has security weaknesses that could be fixed but haven’t been. Worse, as Internet security has surged as a subject of international concern, Torvalds has engaged in an occasionally profane standoff with experts on the subject. ... Linux has thrived in part because of Torvalds’s relentless focus on performance and reliability, both of which could suffer if more security features were added. Linux works on almost any chip in the world and is famously stable as it manages the demands of many programs at once, allowing computers to hum along for years at a time without rebooting. ... Yet even among Linux’s many fans there is growing unease about vulnerabilities in the operating system’s most basic, foundational elements — housed in something called “the kernel,” which Torvalds has personally managed since its creation in 1991.
Ten years ago, high tech observers complained that the nation didn’t have enough bold innovators. There were, of course, wildly profitable high tech firms, but they rarely took creative risks and mostly just mimicked Silicon Valley: Baidu was a replica of Google, Tencent a copy of Yahoo, JD a version of Amazon. Young Chinese coders had programming chops that were second to none, but they lacked the drive of a Mark Zuckerberg or Steve Jobs. The West Coast mantra—fail fast, fail often, the better to find a hit product—seemed alien, even dangerous, to youths schooled in an educational system that focused on rote memorization and punished mistakes. Graduates craved jobs at big, solid firms. The goal was stability: Urban China had only recently emerged from decades of poverty, and much of the countryside was still waiting its turn to do so. Better to keep your head down and stay safe. ... That attitude is vanishing now. It’s been swept aside by a surge in prosperity, bringing with it a new level of confidence and boldness in the country’s young urban techies. ... higher education soared sevenfold: 7 million graduated college this year. The result is a generation both creative and comfortable with risk-taking. ... Anyone with a promising idea and some experience can find money. Venture capitalists pumped a record $15.5 billion into Chinese startups last year, so entrepreneurs are being showered in funding, as well as crucial advice and mentoring from millionaire angels. ... Even the Chinese government—which has a wary attitude toward online expression and runs a vast digital censorship apparatus—has launched a $6.5 billion fund for startups.
Meet Jasper, Jahangir Mohammed's fast-growing yet near-invisible company helping to power the internet of things. ... Jasper likes to call itself "the 'on switch' for the internet of things," the increasingly vast body of devices that now speak to one another over the internet. And that's a pretty apt description. With the cost of computing power and internet connectivity falling fast, networked intelligence is turning up just about everywhere these days: the moisture sensor on an apple tree, an assembly line full of industrial robots, the watch on your wrist, or the Ford you drive home every night. And Jasper, valued at $1.4 billion and widely expected to go public soon, is the reptilian brain for much of that network, ensuring that the nodes are on and aware and functioning as they should be. ... Since co-founding Jasper in 2004, he has been building out a global footprint that now comprises a partner network of more than 100 wireless carriers on the one hand, and more than 2,700 of their customers on the other: Amazon, GE, Starbucks, Coca-Cola, and nearly every automaker--they all rely on Jasper's software platform ... The dashboard allows each company to monitor its entire universe of devices remotely ... Jasper gets paid by the carriers but works closely with their customers, managing not only the internet connections of their "things," wherever they may be, but also performing core services such as making sure the things are working properly, turning them on or off, updating software, and tracking data use. ... put the company at the center of the next big technological phase change: In the same way Dell and Microsoft profited from the move from mainframes to desktops and laptops, and Apple from the rise of cell phones, Jasper stands to ride the next wave of miniaturization--the penetration of computing power and connectivity into the tiniest artifacts of daily life.
Most of us simply can’t shell out more than $70,000 for a Tesla. But comparatively affordable electrics like the Nissan Leaf still travel only about 80 miles on a charge—not far enough to dispel the dreaded “range anxiety” that such a low number provokes in most American drivers. A 2013 study by the California Center for Sustainable Energy found that only 9 percent of consumers said they would be satisfied with an electric car that can go 100 miles on a charge. Increase that range to 200 miles, though, and 70 percent of potential drivers said they’d be satisfied. ... over the past couple of years, a number of major automakers—General Motors, Nissan, Volkswagen—have lined up with plans to offer an electric car with (yep) approximately 200 miles of range, for a price somewhere around the average cost of a new American car, about $33,000. They all hope to do so quickly, as fuel efficiency requirements are ratcheting up every year. And they all hope to get there before media darling Tesla does. Musk—billionaire, celebrity, space and solar-energy mogul, would-be colonizer of Mars—has said since 2006 that Tesla’s “master plan” is to work toward building an affordable, long-range electric car. ... In short, the electric car business has taken the form of an old-fashioned race for a prize—a race in very soft sand. There’s no Moore’s law for batteries, which are chemical not digital. Cell development is all slow, arduous trial and error. When your goal is to drive energy efficiency up while driving costs down on a mass industrial scale, there aren’t many shortcuts or late-night inspirations to be had. But now it looks pretty clear who the winner will be. And it ain’t Tesla.
Meditation and mindfulness are the new rage in Silicon Valley. And it’s not just about inner peace—it’s about getting ahead. … Across the Valley, quiet contemplation is seen as the new caffeine, the fuel that allegedly unlocks productivity and creative bursts. Classes in meditation and mindfulness—paying close, nonjudgmental attention—have become staples at many of the region’s most prominent companies. There’s a Search Inside Yourself Leadership Institute now teaching the Google meditation method to whoever wants it. The cofounders of Twitter and Facebook have made contemplative practices key features of their new enterprises, holding regular in-office meditation sessions and arranging for work routines that maximize mindfulness. Some 1,700 people showed up at a Wisdom 2.0 conference held in San Francisco this winter, with top executives from LinkedIn, Cisco, and Ford featured among the headliners. … These companies are doing more than simply seizing on Buddhist practices. Entrepreneurs and engineers are taking millennia-old traditions and reshaping them to fit the Valley’s goal-oriented, data-driven, largely atheistic culture. Forget past lives; never mind nirvana. The technology community of Northern California wants return on its investment in meditation. … It can be tempting to dismiss the interest in these ancient practices as just another neo-spiritual fad from a part of the country that’s cycled through one New Age after another. But it’s worth noting that the prophets of this new gospel are in the tech companies that already underpin so much of our lives.
Digital capabilities, adoption, and usage are evolving at a supercharged pace. While most users scramble just to keep up with the relentless rate of innovation, the sectors, companies, and individuals on the digital frontier continue to push the boundaries of technology use—and to capture disproportionate gains as a result. ... The pronounced gap between the digital “haves” and “have-mores” is a major factor shaping competition at all levels of the economy. The companies leading the charge are winning the battle for market share and profit growth; some are reshaping entire industries to their own advantage. Workers with the most sophisticated digital skills are in such high demand that they command wages far above the national average. Meanwhile, there is a growing opportunity cost for the organizations and individuals that fall behind. ... provide a comprehensive picture of where and how companies are building digital assets, expanding digital usage, and creating a more digital workforce. ... also quantifies the considerable gap between the most digitized sectors and the rest of the economy over time and finds that despite a massive rush of adoption, most sectors have barely closed that gap over the past decade. ... Digitization is changing the dynamics in many industries. New markets are proliferating, value chains are breaking up, and profit pools are shifting. Businesses that rely too heavily on a single revenue stream or on playing an intermediary role in a given market are particularly vulnerable. In some markets, there is a winner-take-all effect. For companies, this is a wake-up call to use their digital transformation to reinvent every process with a fresh focus on the customer.
Officer Rickey Antoine is known around town as the man who gave his own mother a traffic ticket. She was driving 42 miles an hour in a 30 zone, out by the high school football stadium, the story goes. “She said, ‘Boy, quit playin’ with me,’” Antoine recalled. But Sadie Mae Antoine’s son makes no exceptions. His mom drove away with a ticket, Antoine said, and she didn’t cook him chicken dinner for the next couple months. ... The unit also caused the city’s yearly revenue from fines to soar, from $750,000 in 2006 up to as high as $2.1 million in 2012 before settling, most recently, at $1.5 million. ... But people who cannot afford to pay their fines — which can run to a thousand dollars or more — often wind up behind bars, leading to a great disparity in the consequences of traffic tickets on people’s lives.
As Nadella, a 24-year veteran of the company, would have known, the process of turning a Microsoft Research project into a product would often happen slowly, if at all. That's partly by design. The company's research group was set up in isolation from the product teams to allow researchers to envision the future without worrying about how their inventions will make money or fit into the company's mission. ... But Nadella's tight deadline left executives with no time to debate the separation of church and state. ... Microsoft is overhauling its research arm and the way it works with the rest of the company. The goal is to quickly identify technology with the most potential and get it into customers' hands before a competitor replicates it. ... To break down the walls between its research group and the rest of the company, Microsoft reassigned about half of its more than 1,000 research staff in September 2014 to a new group called MSR NExT. Its focus is on projects with greater impact to the company rather than pure research. Meanwhile, the other half of Microsoft Research is getting pushed to find more significant ways it can contribute to the company's products.
Plank has the affect and intensity of a head coach--direct eye contact, military analogies, the air of someone you do not want to disappoint. "Winning is a part of our culture--it's who we are," he says in his lofty office overlooking the harbor. (The only artwork behind his desk: a giant UA logo, its letters stacked to evoke arms raised in victory.) "And culture is formed on habits." Perhaps the most important guardrail, and the company's official mission, is seeking to "make all athletes better." It has long equaled thinking about clothes as high-performance gear, but recently it's taken on a big new meaning. ... Over the past two years, Under Armour has spent close to $1 billion buying and investing in three leading makers of activity- and diet-tracking mobile apps. By doing so, the company has amassed the world's largest digital health-and-fitness community, with 150 million users. Plank envisions all of those users, and their metrics, as a big data engine to drive everything from product development to merchandising to marketing. Many observers, though, balked at the $710 million cost of the acquisitions ... the high-stakes bet on Connected Fitness will be slow to pay off. Under Armour recently increased its projections for the next two years, estimating that it would nearly double net revenue by 2018, to $7.5 billion (up from a previous estimate of $6.8 billion). Only $200 million--a paltry 2.7 percent--will come from Connected Fitness. ... "If I'm right," he says, Connected Fitness "becomes a force multiplier that takes us from shirts-and-shoes company to true technology company. If I'm wrong, it costs us some money--we have $710 million on the table."
Welcome to the world of zombie tech stocks—once-highflying IPOs wandering aimlessly in the wasteland of the public equity markets and understandably unloved by investors. ... To be fair, some major tech IPOs have soared in recent years ... The detritus far outnumber the success stories, raising the question, Is the method by which companies go public as broken and inequitable as it ever was? That would certainly seem to be the case. And the problem is especially acute when it comes to tech companies for which relentless forward momentum is key not only to pleasing investors but also to attracting talent and keeping their competitive edge. ... a tremendous backlog of potential technology IPOs is building up just as the stock market is beginning to look very wobbly after its nearly seven-year bull run. ... It appears that a reckoning is coming in the tech world. The combined value ascribed to the 173 unicorns by their investors is a stunning $585 billion—an especially astonishing figure given that so many of them aren’t even close to profitable. Sky-high valuations—driven in part by unicorn mania and an influx of money from nontraditional (and less disciplined) venture investors—have limited the number of potential acquirers for a lot of the buzziest companies.
- Also: Gartner - 2015 Hype Cycle for Emerging Technologies < 5min
- Also: The New York Times - Protections for Late Investors Can Inflate Start-Up Valuations < 5min
- Also: Business Insider - Evernote, the first dead unicorn < 5min
- Also: Bloomberg - The Man Who Taught Mutual Funds How to Invest in Startups < 5min
Until recently the military junta had imposed artificial caps on access to smartphones and SIM cards. Many of the farmers we spoke with had never owned a smartphone before. The villages were often without running water or electricity, but they buzzed with newly minted cell towers and strong 3G signals. For them, everything networked was new. ... Almost all of the farmers we spoke with were Facebook users. None had heard of Twitter. How they used Facebook was not dissimilar to how many of us in the West see and think of Twitter: as a source of news, a place where you can follow your interests. The majority, however, didn’t see the social platform as a place to be particularly social or to connect with and stay up to date on comings and goings within their villages. ... What follows are a series of diary entries and notes culled from our interviews. The interview teams were composed of three or four people: a translator, a photographer, a notetaker, and sometimes a facilitator. ... Everyone is data sensitive he says and reiterates: Facebook. Nobody needs a special app for their interests. Just search for your interest on Facebook. Facebook is the Internet. ... Everyone installs apps using Zapya, an app-sharing app. Makes a local network. Everyone nearby connects to it. Allows groups to send data—apps, videos, music—back and forth without using bandwidth. ... there is no incumbent electric giant monopolizing rural areas to fight against solar, there is no incumbent bank which will lobby against bitcoin, there are no expectations about how a computer should work, how a digital book should feel. There is only hunger and curiosity. ... They don’t have email addresses and so often don’t know their logins. If they get logged out they have someone—often the village Facebook guru—make them a new account. “Friends” on Facebook are friends only because the application calls them friends in the interface.
Driving itself is changing. Between electric and self-driving vehicles, ubiquitous sensors, network connectivity, and new kinds of transportation companies, everything is in flux: cars, how we feel about them, even roads and cities. This isn’t just hypothetical; you can use these things today. A radical phase shift is redrawing the map, literally and metaphorically. ... the new tools and technologies for moving around are interesting; put them together and you get something profound. Connect these new systems and individual networks to each other and they self-assemble into a transportation super-network. It’s decentralized, offers multiple routes from node to node, carries any kind of person or thing to any kind of place, and adjusts itself in real time. ... Sound familiar? Of course it does. That’s how the Internet works. ... To the new transportation supernetwork, you and I are just data. It doesn’t matter where we want to go; it just knows how to get us there—faster, cheaper, and utterly in control.
If you want to understand Snapchat, the insanely fast-growing and—to people born before 1990—straight-up insane messaging app and media platform, DJ Khaled is your Virgil. If you were one of the 100 million people who logged in to Snapchat each day during Super Bowl weekend, his thick beard and full frame were impossible to miss. You would have seen clips of him at an impromptu concert where he was mobbed by several hundred screaming fans waving giant cardboard keys, or at a raucous party sponsored by PepsiCo, or in a pedicab he hailed after the game. “Ride wit me through the journey [to] more success,” he captioned that last video, as his chauffeur pedaled furiously. ... Its annual revenue is small—perhaps $200 million, according to several press reports—but it has already drawn many big-name advertisers. ... it’s not just an American phenomenon: Snapchat is a top 10 most-downloaded app in about 100 countries ... History suggests that cookie-based media, and Snapchat in general, may be a fad.
Immune Engineering: Genetically engineered immune cells are saving the lives of cancer patients. That may be just the start.
Precise Gene Editing in Plants: CRISPR offers an easy, exact way to alter genes to create traits such as disease resistance and drought tolerance.
Conversational Interfaces: Powerful speech technology from China’s leading Internet company makes it much easier to use a smartphone.
Reusable Rockets: Rockets typically are destroyed on their maiden voyage. But now they can make an upright landing and be refueled for another trip, setting the stage for a new era in spaceflight.
Robots That Teach Each Other: What if robots could figure out more things on their own and share that knowledge among themselves?
DNA App Store: An online store for information about your genes will make it cheap and easy to learn more about your health risks and predispositions.
SolarCity’s Gigafactory: A $750 million solar facility in Buffalo will produce a gigawatt of high-efficiency solar panels per year and make the technology far more attractive to homeowners.
Slack: A service built for the era of mobile phones and short text messages is changing the workplace.
Tesla Autopilot: The electric-vehicle maker sent its cars a software update that suddenly made autonomous driving a reality.
Power from the Air: Internet devices powered by Wi-Fi and other telecommunications signals will make small computers and sensors more pervasive.
‘Cyborg’ is a loaded and attention-grabbing term, bearing associations from sci-fi novels and Hollywood, and whether it’s an entirely accurate label for these activities is up for debate. Some commentators broaden the definition to include anyone who uses artificial devices, such as computer screens or iPhones. Others prefer to narrow it. As early as 2003, in an article entitled ‘Cyborg morals, cyborg values, cyborg ethics’, Kevin Warwick, the professor who pioneered the cyborg movement in the academic sphere, described ‘cyborgs’ as being only those entities formed by a “human, machine brain/nervous system coupling” – essentially “a human whose nervous system is linked to a computer”. ... Implanting an RFID chip is relatively simple: a tiny glass object about the size of a grain of rice is injected into the soft part of the hand between the thumb and forefinger – it’s as easy as drawing blood.
Rubin has a theory that humanity is on the cusp of a new computing age. Just as MS-DOS gave way to Macintosh and Windows, which gave way to the web, which gave way to smartphones, he thinks the forces are in place to begin a decades-long transition to the next great platform: artificial intelligence. ... Google, Facebook, and Microsoft have collectively spent billions to fund the development of neural networks that can understand human speech or recognize faces in photos. And over the next decade AI is bound to grow more powerful, capable of tasks we can’t imagine today. Soon, Rubin figures, it will be available as a cloud service, powering thousands of gadgets and machines. Just as practically every device today contains software of some kind, it could soon be nearly impossible to buy a device without some kind of AI inside. It’s hard to imagine precisely what that future will look like, but for a rough idea, think about the difference between your car and a self-driving car; now apply that difference to every object you own. ... Rubin wants Playground to become the factory that creates the standard building blocks—the basic quartermaster’s inventory of components—for the AI-infused future. And he wants to open up this platform of hardware and software tools so that anyone, not just the companies he works with directly, can create an intelligent device. If he’s successful, Playground stands to have the same kind of impact on smart machines that Android had on smartphones, providing the technological infrastructure for thousands of products and giving a generation of entrepreneurs the ability to build a smart drone. ... The fundamental idea, Rubin says, is to create what he calls an idea amplifier—a system that quickly turns concepts into products with maximum impact. ... For AI to reach its true potential, Rubin argues, we need to bring it into the physical world. And the way to do that is to create thousands of devices that pull information from their environment
- Also: Nautilus - Your Next New Best Friend Might Be a Robot < 5min
- Also: The Verge - DeepMind founder Demis Hassabis on how AI will shape the future 5-15min
- Also: Bloomberg - The Future of Computers Is the Mind of a Toddler 5-15min
- Also: MIT Technology Review - Can This Man Make AI More Human? 5-15min
Somewhere in the haze of the last generation, funky Old Austin disappeared and was replaced by something sleek, fast, and unbelievably popular. Suddenly everyone wants to be in Austin, from tech twentysomethings to middle-aged corporate hot shots. Austin is the fastest-growing big city in the country, at the top of lists for things that can be measured (real estate and jobs) and things that can’t (cool and kicks). It has become the City of the Eternal Festival, from South by Southwest and the Austin City Limits Music Festival to Pachanga, Reggae, and Formula 1. Where else can you eat the best barbecue in the world, watch more than a million hungry bats ascend into the gloaming above the Ann W. Richards Congress Avenue Bridge, hear amazing music every night of the week, and behold Lady Gaga covered in vomit as part of a SXSW show? Two months ago Forbes called Austin the next boomtown, apparently forgetting that Bloomberg ranked us the country’s number one boomtown back in 2013. As of October, the greater metropolitan area had grown to an astonishing 2 million people, which is 1.4 million more than we had in 1980, when I was slacking my life away.
He bounces from smart locks, to smart lights, to a smart shower, to smart shoe insoles. It almost backfires when a Samsung representative demonstrating a smart refrigerator reaches out and flips his badge back over, asking, “What are you, press?” But his name doesn’t mean anything to her, and Pichai just casts an amused sideways glance and dives in with questions. “So, what can I ask the fridge?” he wants to know. Various versions of this same scene play out again and again. ... With $74.5 billion in annual revenue last year, Google is by far the largest (and only profitable) business under Alphabet. Indeed, Google has seven different products that more than a billion people use: Search, Gmail, YouTube, Android, Chrome, Maps, and its app and media vending machine, the Google Play Store. ... Google is sprinting to attract its “next billion” users. For the most part, these are people in the developing world; people who will go online, for the very first time, using one of Google’s Android-powered handsets. Which puts Google in the position of being seen as both a corporate NSA and modern East India Company. ... Android was, very literally, made for this moment. Its entire point is to be customized, reconfigured, and personalized for a world full of people across a range of sizes, shapes, configurations, and price points. Sure, signs for the $550 Nexus abound, but you can also score a cheap Android phone in Delhi, like a Lava Atom X, for less than $40 — and that’s without a contract. It will, Pichai thinks, change the status quo not just in India, but the entire world.
Ubiquitous computing and automation are occurring in tandem. Self-operating machines are permeating every dimension of society, so that humans find themselves interacting more frequently with robots than ever before—often without even realizing it. The human-machine relationship is rapidly evolving as a result. Humanity, and what it means to be a human, will be defined in part by the machines people design. ... A distrust of machines that come to life goes back at least as far as tales of golems, and this uneasiness has remained persistent in contemporary culture. ... While doppelgängers, golems, living dolls, and automata are all ancient, the word “robot” is not even a century old. It was coined by the playwright Karl Capek in “R.U.R.,” short for Rossumovi Univerzální Roboti, or Rossum’s Universal Robots, in 1921. “R.U.R.,” which tells the story of a global robot-human war, also helped set the tone for the modern conception of robots. ... After Capek brought “robot” into the lexicon, it quickly became a metaphor for explaining how various technologies worked. By the late 1920s, just about any machine that replaced a human job with automation or remote control was referred to as a robot. Automatic cigarette dispensers were called “robot salesmen,” a sensor that could signal when a traffic light should change was a “robot traffic director,” or a “mechanical policeman,” a remote-operated distribution station was a “robot power plant,” the gyrocompass was a “robot navigator,” new autopilot technology was a “robot airplane pilot,” and an anti-aircraft weapon was a “robot gun.” ... Today, people talk about robots in similarly broad fashion. Just as “robot” was used as a metaphor to describe a vast array of automation in the material world, it’s now often used to describe—wrongly, many roboticists told me—various automated tasks in computing. ... a future that many people today simultaneously want and fear. Driverless cars could save millions of lives this century. But the economic havoc that robots could wreak on the workforce is a source of real anxiety. ... The rise of the robots seems to have reached a tipping point; they’ve broken out of engineering labs and novelty stores, and moved into homes, hospitals, schools, and businesses. Their upward trajectory seems unstoppable.
If you made a movie about a laid-off, sad-sack, fiftysomething guy who is given one big chance to start his career over, the opening scene might begin like this: a Monday morning in April, sunny and cool, with a brisk wind blowing off the Charles River in Cambridge, Mass. The man—gray hair, unstylishly cut; horn-rimmed glasses; button-down shirt—pulls his Subaru Outback into a parking garage and, palms a little sweaty, grabs his sensible laptop backpack and heads to the front door of a gleaming, renovated historic redbrick building. It is April 15, 2013, and that man is me. I’m heading for my first day of work at HubSpot, the first job I’ve ever had that wasn’t in a newsroom. ... Arriving here feels like landing on some remote island where a bunch of people have been living for years, in isolation, making up their own rules and rituals and religion and language—even, to some extent, inventing their own reality. This happens at all organizations, but for some reason tech startups seem to be especially prone to groupthink. Every tech startup seems to be like this. Believing that your company is not just about making money, that there is a meaning and a purpose to what you do, that your company has a mission, and that you want to be part of that mission—that is a big prerequisite for working at one of these places. ... Another thing I’m learning in my new job is that while people still refer to this business as the “tech industry,” in truth it is no longer really about technology at all. “You don’t get rewarded for creating great technology, not anymore,” says a friend of mine who has worked in tech since the 1980s, a former investment banker who now advises startups. “It’s all about the business model. The market pays you to have a company that scales quickly. It’s all about getting big fast. Don’t be profitable, just get big.”
For eight years, Sepúlveda, now 31, says he traveled the continent rigging major political campaigns. With a budget of $600,000, the Peña Nieto job was by far his most complex. He led a team of hackers that stole campaign strategies, manipulated social media to create false waves of enthusiasm and derision, and installed spyware in opposition offices, all to help Peña Nieto, a right-of-center candidate, eke out a victory. ... Sepúlveda’s career began in 2005, and his first jobs were small—mostly defacing campaign websites and breaking into opponents’ donor databases. Within a few years he was assembling teams that spied, stole, and smeared on behalf of presidential campaigns across Latin America. He wasn’t cheap, but his services were extensive. For $12,000 a month, a customer hired a crew that could hack smartphones, spoof and clone Web pages, and send mass e-mails and texts. The premium package, at $20,000 a month, also included a full range of digital interception, attack, decryption, and defense. The jobs were carefully laundered through layers of middlemen and consultants. Sepúlveda says many of the candidates he helped might not even have known about his role; he says he met only a few. ... His teams worked on presidential elections in Nicaragua, Panama, Honduras, El Salvador, Colombia, Mexico, Costa Rica, Guatemala, and Venezuela. ... He’s serving 10 years in prison for charges including use of malicious software, conspiracy to commit crime, violation of personal data, and espionage, related to hacking during Colombia’s 2014 presidential election.
Just a few tens of nanometres across, they are among a growing array of 'nanolights' that researchers are tailoring to specific types of fluorescence: the ability to absorb light at one wavelength and re-emit it at another. ... Many naturally occurring compounds can do this, from jellyfish proteins to some rare-earth compounds. But nanolights tend to be much more stable, versatile and easier to prepare — which makes them attractive for users in both industry and academia. ... Nanolights have already begun to find application in areas ranging from flat-screen displays to biochemical tests. And researchers are working towards even more ambitious uses in fields such as solar energy, DNA mapping, motion sensing and even surgery. ... Light is emitted when electrons are kicked up to higher energy levels by some outside source, such as ultraviolet light, then fall back down to lower levels.
As we have observed in the past, financial markets appear to solely focus on one major risk/return catalyst at any given time, before, like a bored teenager, turning attention to the “next new thing.” Over the past year and a half, we have seen primary market focus transition from the dramatic decline in oil prices, to economic stresses in China, and most recently to the forthcoming referendum in the United Kingdom and the possibility of “Brexit.” We are not for a moment suggesting that these factors are unimportant, as indeed they are all critical parts to a broader puzzle, but we would suggest that stepping back to apprehend the full image on the puzzle is vital when too many market participants are overly focused on one part of it. In fact, we think that such an overly limited focus in a world of complex market crosscurrents may be part of what leads many to underperform. To that end, we seek to take a broader view with our market outlook. ... In this edition of the outlook we begin by sorting through and evaluating some partial market myths that have recently been promulgated to explain market volatility. These include exaggerated concerns that the volatility is due to bond market illiquidity, or overdone assertions that markets are being driven higher and lower primarily on the back of oil price movements. Rather, we think that secular structural changes involving demographic trends and profound technological innovations are much more important considerations when judging those forces that are truly impacting economic and asset valuation dispersions. Further, we believe these secular challenges should also be the focus of the risk factors that represent the major fault lines in markets today, or the locations of potentially serious left tail risks.
- Also: Project Syndicate - The Fear Factor in Global Markets < 5min
- Also: Financial Times - Central banks prove Einstein’s theory < 5min
- Also: Wall Street Journal - The High Consequences of Low Interest Rates < 5min
- Also: CFA Institute - Policy Divergence and Investor Implications 5-15min
- Also: Bloomberg - Japan Negative Rates Alchemy Beats Australia's Highest AAA Yield < 5min
An accelerating field of research suggests that most of the artificial intelligence we’ve created so far has learned enough to give a correct answer, but without truly understanding the information. And that means it’s easy to deceive. ... Machine learning algorithms have quickly become the all-seeing shepherds of the human flock. This software connects us on the internet, monitors our email for spam or malicious content, and will soon drive our cars. To deceive them would be to shift tectonic underpinnings of the internet, and could pose even greater threats for our safety and security in the future. ... Small groups of researchers—from Pennsylvania State University to Google to the U.S. military— are devising and defending against potential attacks that could be carried out on artificially intelligent systems. In theories posed in the research, an attacker could change what a driverless car sees. Or, it could activate voice recognition on any phone and make it visit a website with malware, only sounding like white noise to humans. Or let a virus travel through a firewall into a network. ... Instead of taking the controls of a driverless car, this method shows it a kind of a hallucination—images that aren’t really there. ... “We show you a photo that’s clearly a photo of a school bus, and we make you think it’s an ostrich,” says Ian Goodfellow, a researcher at Google who has driven much of the work on adversarial examples.