Welcome to the Remark Holdings First Quarter Financial Results Conference Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Becky Herrick of LHA. Thank you all for joining us today for the Remark Holdings first quarter 2017 financial results conference call. On the call today are Chairman and CEO, Shing Tao; and CFO, Doug Osrow. After the prepared remarks, we'll open the call for questions. A webcast replay of today's call will be available at www.remarkholdings.com. Some of the statements made today may be forward-looking statements. These statements involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements. Any forward-looking statements reflect Remark Holdings current views and Remark Holdings expressly disclaims any obligation to update or revise any forward-looking statements after the date hereof. This disclaimer is only a summary of Remark Holdings' statutory forward-looking statements disclaimer which is included in its filings with the SEC.

Phil Libin, the cofounder and former CEO of note-taking app Evernote, has launched a new venture capital (VC) fund called All Turtles in San Francisco, The Financial Times reports. The All Turtles "studio" will reportedly be used to back entrepreneurs developing products that are underpinned by artificial intelligence. The money will come from General Catalyst, Digital Garage, and a number of prominent investors from France, Japan and the US. Instead of backing companies like normal VCs, Libin reportedly wants to back "products" as he believes entrepreneurs shouldn't have to start a new company each time they want to try a new idea. Referring to Silicon Valley VC land, he said: "You're not allowed to work on something unless it could be a $10 billion company. Obviously there are a lot of products that could be worth a couple of hundred million."

London-based biotech business BenevolentBio is on a mission to overcome the failure of the drug industry to innovate on drug discovery. Andrew Huddart explains and talks to its chief executive, Jackie Hunter. The tools of big data are helping to reshape the industrial landscape of the 21st century. They are helping make entire economic activities obsolete and helping give rise to new ones. The area of health and drug discovery in particular is far from excluded from this change.

Toyota is joining the list of companies trying to develop flying cars. The Japanese company is financing the flying car project Skydrive, led by a group called Cartivator, Nikkei reported. Thirty of Toyota's young employees have been working on the project for free since project leader Tsubasa Nakamura won a business contest in 2012. Toyota and its group companies will invest about 40 million yen ($352,982) in Cartivator. Until now the group has relied mostly on online crowdfunding and other financing methods.

A research team at Nagoya University is developing a system to help the elderly drive safely using a small robot, with the aim of releasing the technology by 2019.

In order to be at the forefront of the race for self-propelled vehicles, South Korea is building a huge test track: the K-City is as big as a small town, simulates the real traffic and is scheduled to go into operation in autumn. Not only the USA and Germany but also South Korea is working on the self-propelled car. The South Korean government is now taking a further step to advance the technology in their own country faster. In October, the K-City will be opened. It is a 360,000 square meter site near the city of Hwaseong, on a giant test track for autonomous vehicles, narrow streets, traffic lights, roundabouts, even more, traffic lights, parking lots, bus lanes and an expressway.

The robot takeover will start in the smaller cities. Towns and small cities have a smaller proportion of jobs that will be resilient to automation than larger urban centres, according to a new study. By looking at the jobs that are most susceptible to automation and their distribution across different US cities, Iyad Rahwan at the Massachusetts Institute of Technology Media Lab and his team have found a trend between the size of a city and the impact we should expect artificial intelligence and robots to have on human workers. Roughly speaking, cities with fewer than 100,000 inhabitants are more at risk. The East Coast cities are full of jobs that should be resilient to automation. Washington DC, for example, has many government-related roles that are hard to automate, and New York, with its population of 8.5 million, is able to support many specialist jobs too.

US ride services company Lyft and Google parent Alphabet's self-driving car unit Waymo have launched a self-driving vehicle partnership, bringing together two rivals to dominant ride-sharing service Uber. Lyft, the No. 2 US ride service by ride volume, in a statement said a deal to launch self-driving pilots would accelerate its vision for transportation and Waymo, which is beginning tests of a self-driving car service in Phoenix, said the partnership would let its technology reach "more people, in more places". Neither offered many details of the agreement, which was reported earlier by The New York Times. The car industry and technology companies are racing to develop self-driving technology, which they expect in a number of years will transform transportation, cutting costs of ride services and changing the way people buy and use cars. Uber is the biggest US ride service by volume and has been developing self-driving technology, which it sees as a key to its future, as it expands its ride service with human drivers.

The man who accidentally saved the NHS from its huge cyber attack has been revealed. Marcus Hutchins is a self-taught computer genius who works in cyber security. The 22-year-old surfer lives with his parents and didn't attend university. He also managed to save the entire world from one of the most damaging cyber attacks in history. The I.F.O. is fuelled by eight electric engines, which is able to push the flying object to an estimated top speed of about 120mph.

There is a perception that Thailand is kind of like this queer paradise. People have a sense that there is this longstanding culture around trans femininity. The reality is that, much like everywhere in the world, there's still a lot of transphobia there and there's still a lot of homophobia. Even though there are reasonably good laws for protecting trans women, they're still often pushed into very limited career opportunities, and they still may face extreme family rejection. I think it's hard to overestimate homophobia, biphobia, and transphobia all across the world.