Lifeboat Foundation

DeepMind is mostly known for its work in deep reinforcement learning, especially in mastering complicated games and predicting protein structures. Now, it is taking its next step in robotics research.

According to a blog post on DeepMind’s website, the company has acquired the rigid-body physics simulator MuJoCo and has made it freely available to the research community. MuJoCo is now one of several open-source platforms for training artificial intelligence agents used in robotics applications. Its free availability will have a positive impact on the work of scientists who are struggling with the costs of robotics research. It can also be an important factor for DeepMind’s future, both as a science lab seeking artificial general intelligence and as a business unit of one of the largest tech companies in the world.

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Yahoo has shut down access to its services in China, becoming the latest American tech company to exit the country.

It pulled the plug “in recognition of the increasingly challenging business and legal environment,” a Yahoo spokesperson said in a statement.

“Yahoo remains committed to the rights of our users and a free and open internet. We thank our users for their support.”

A shift to digital life?

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Multiple vulnerabilities have been disclosed in Hitachi Vantara’s Pentaho Business Analytics software.

This company’s entry in the US; market; along with other aluminum giants is said to have caused the shutdown of a large number of Aluminum manufacturers based in the US. It seemed that local US companies were unable to compete with state backed companies which were taking advantage of the free trade agreement.

However, the trade tariffs along with recent events have in turn caused this firm to become insolvent. It’s founder is now being detained by the US under fraud charges.

Continue reading “China: Corporate debt crisis spreads/Zhongwang: suspended in stock market & fraud conviction in U.S.” »

Across all sectors, organizations are grappling with rapid transformation. On top of that, there are enormous global shifts and challenges to contend with, such as climate change, and shifting political and economic power. To put it bluntly, our world is changing fast. And organizations must learn to adapt accordingly.

These eight major trends provide a snapshot of how business operations are evolving to suit our rapidly changing world.

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This rolling sheet of solar panels may not look like much, but it could help spark a solar power revolution in the railroad industry.

The creators of the solar-powered locomotive of the future were aiming to set a Guinness record for speed last weekend, and that is more than just your ordinary attention-getting stunt. Demonstrating the functionality of PV panels on rail cars could help set the stage for solar power to knock diesel fuel out of the railroad business. No word yet on the official results, but solar is beginning to wiggle its way into a field dominated by fossil fuel.

The Solar Train Of The Future Hits The Tracks, With Only Solar Power

Continue reading “Diesel-Killing Locomotive Of The Future Runs On Solar Power” »

The new world of work is also about a new kind of teamwork: humans and AI working together to achieve more than they can accomplish on their own. Regardless of its recent progress, AI is still not accurate enough to meet the enterprise-level requirements of speech-to-text in many industries. “If technology gives me 90% accuracy, humans can deal with the last mile. Human-in-the-loop is core to our product,” explains Livne. In addition to developing the required technology, Ver… See more.

Verbit is a very successful startup. The 4-year-old developer of an AI-powered transcription and captioning platform has reached unicorn status in June, raising $157 million at a valuation of over $1 billion, for a total of $319 million raised to date. It has 2,600 customers, 450 employees, and will reach $100 million in revenues by the end of the year. According to co-founder and CEO Tom Livne, Veribit enjoys Net Revenue Retention (the rate of revenue generation from existing customers) of 163%. “Our customers are growing with us,” says Livne.

This impressive performance is the result of executing on a well thought-out framework for what it will take to succeed in the future, no matter what business you are in and the market you are serving. Verbit’s technology foundation, its global community of freelancers, and its mass customization strategy are the three features of Verbit’s future of work model, the very model of a 21 st century company.

As tech titans invest in the quest to extend our lives, Anjana Ahuja asks if longer lifespans are at last possible — and at what cost.

News, analysis and comment from the Financial Times, the worldʼs leading global business publication.