Asia
How Driverless Trucks In China Could Put 16 Million People Out Of A Job
China is pushing hard towards becoming a trailblazer when it comes to automation and intelligent engineering. Already the biggest market for industrial robots, the Chinese government has clearly identified its goals of becoming one of the pioneers in robotics and automated machinery. It will lead a major overhaul in how the Chinese industry functions and, amidst its robotic ambitions, the domain of driverless trucks is not far behind. Last year, the Chinese internet giant Baidu unveiled its self-driving truck, made in collaboration with Foton Motor Group, a step forward in revolutionizing not only the $300 billion Chinese transportation industry but also in boosting competitiveness in a slowing economy that aims to become the world's largest within the next decade. China's economic growth has slowed down in recent years and in 2015, its exports fell for just the second time since 1978, when China formally opened its borders.
Genpact (G) Q1 2017 Results - Earnings Call Transcript
My name is Michelle and I will be your conference moderator for today. At this time, all participants are in a listen-only mode. We will conduct a question-and-answer session towards the end of this conference. We will expect the call to conclude in an hour. As a reminder, this call is being recorded for replay purposes. I would now like to turn the call over to Roger Sachs, Head of Investor Relations at Genpact. Good afternoon, everyone, and welcome to Genpact's first quarter earnings call to discuss our results for quarter ended March 31, 2017. We hope you have had a chance to review our earnings release which was posted to the IR section of our website, genpact.com. With me in New York today are Tiger Tyagarajan, our President and Chief Executive Officer; and Ed Fitzpatrick, our Chief Financial Officer. Our agenda today will be as follows: Tiger will provide a high level overview of our results, as well as update you on some of our strategic initiatives. Ed will then discuss our financial performance for the quarter in greater detail. Tiger will then come back for some closing comments and then we will take your questions. And as Michelle just said, we expect the call to last about an hour. Please note, the year-over-year growth rates discussed today include the impact of the reclassifications of the divested GE Capital businesses to Global Client revenue as if these transactions occurred on January 1, 2016. This was done to provide a consistent view of the underlying growth trends of our business. The actual results without these adjustments are included in our earnings release. Some of the matters we will discuss in today's call are forward-looking. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those in such forward-looking statements. Such risks and uncertainties are set forth in our press release. In addition, during our call today we will refer to certain non-GAAP financial measures which we believe provide additional information to investors and better reflect the way management views the operating performance of the business. You can find a reconciliation of these measures to GAAP in our earnings release in the IR section of our website.
Twitter down: Website and app not working as social network topples over
The company's website and app appears to have completely broken and isn't coming back. Users who head to the website will just see it try to load for some time and then stop, with a message saying that the site can't be reached. Similar problems appear to be occurring with its app and with Tweetdeck. 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. The giant human-like robot bears a striking resemblance to the military robots starring in the movie'Avatar' and is claimed as a world first by its creators from a South Korean robotic company Waseda University's saxophonist robot WAS-5, developed by professor Atsuo Takanishi and Kaptain Rock playing one string light saber guitar perform jam session A man looks at an exhibit entitled'Mimus' a giant industrial robot which has been reprogrammed to interact with humans during a photocall at the new Design Museum in South Kensington, London Electrification Guru Dr. Wolfgang Ziebart talks about the electric Jaguar I-PACE concept SUV before it was unveiled before the Los Angeles Auto Show in Los Angeles, California, U.S The Jaguar I-PACE Concept car is the start of a new era for Jaguar. Japan's On-Art Corp's CEO Kazuya Kanemaru poses with his company's eight metre tall dinosaur-shaped mechanical suit robot'TRX03' and other robots during a demonstration in Tokyo, Japan Japan's On-Art Corp's eight metre tall dinosaur-shaped mechanical suit robot'TRX03' performs during its unveiling in Tokyo, Japan Singulato Motors co-founder and CEO Shen Haiyin poses in his company's concept car Tigercar P0 at a workshop in Beijing, China A picture shows Singulato Motors' concept car Tigercar P0 at a workshop in Beijing, China Connected company president Shigeki Tomoyama addresses a press briefing as he elaborates on Toyota's "connected strategy" in Tokyo.
Singapore launches national Artificial Intelligence programme
The National Research Foundation (NRF) Singapore will launch AI.SG, a national programme in Artificial Intelligence (AI) to catalyze, synergize and boost Singapore's AI capabilities. Up to $150 million will be invested in AI.SG over the next five years. The initiative will be driven by a government-wide partnership comprising NRF, the Smart Nation and Digital Government Office (SNDGO), the Economic Development Board (EDB), the Infocomm Media Development Authority (IMDA), SGInnovate, and the Integrated Health Information Systems (IHiS). AI:SG will bring together research institutions, AI start-ups and companies developing AI products, to grow knowledge, create tools and develop talent to power Singapore's AI efforts. For example, AI can be used to increase traffic throughput during peak hours, or to address healthcare challenges that are to come with an ageing population.
NRF Singapore to set up Data Science Consortium and launch national AI programme with S$150 million investment over 5 years
During the ongoing Smart Nation Innovation Week, Minister Dr. Yaacob Ibrahim announced two new initiatives by the National Research Foundation (NRF) Singapore as part of the key thrust area of investing in frontier technologies to develop Singapore's digital economy. NRF will be setting up a Singapore Data Science Consortium (SDSC), in collaboration with the National University Singapore (NUS), the Nanyang Technological University (NTU)1, the Singapore Management University (SMU) and the Agency for Science, Technology and Research (A*STAR). This partnership between government and academia is expected to deepen Singapore's existing strengths in data science and analytics. It will facilitate collaboration between Institutes of Higher Learning (IHLs), research institutes and industry in data science R&D, with the aim of facilitating industry adoption of the latest cutting-edge data science and analytics technologies to address real-world challenges. The Consortium will work in partnership with the Economic Development Board (EDB) and the Infocomm Media Development Authority (IMDA) to engage companies in six sectors: finance; healthcare; customer and retail; manufacturing; logistics; and transport.
Uber's Elephant In The Room (It's Not CEO Travis Kalanick)
By any measure, Uber is off to a terrible start in 2017. A plaintive account of Uber's misogynistic culture by an ex-employee went viral, unleashing a flood or corroborating stories. Travis Kalanick, the embattled CEO, was further shamed by the release of a video displaying boorish behavior in his encounter with an Uber driver. This was followed by disclosures of Uber's use of defeat software to evade regulatory agency monitoring, by damaging pre-trial motions in an IP theft lawsuit that puts Uber's self-driving vehicle program at risk, by revelations of inadequacies in Uber's driver screening procedures, and by the disclosure that Uber was secretly spying on its own and Lyft drivers for competitive advantage. Adding to these tumultuous challenges, a number of Uber senior executives, including President Jeff Jones and corporate communications head Rachel Whetstone, have opted or been asked to resign in the past month.
Do We Need Balanced Sampling?
In many real-world classification tasks such as churn prediction and fraud detection, we often encounter the class imbalance problem, which means one class is significantly outnumbered by the other class. The class imbalance problem brings great challenges to standard classification learning algorithms. Most of them tend to misclassify the minority instances more often than the majority instances on imbalanced data sets. For example, when a model is trained on a data set with 1% of instances from the minority class, a 99% accuracy rate can be achieved simply by classifying all instances as belonging to the majority class. Indeed, the problem of learning on imbalanced data sets is considered to be one of the ten challenging problems in data mining research.
Can't find the right handbag? Just design it yourself
When it comes to handbags, these days there are almost as many ways to jazz up your existing bag as there are new designs. In Selfridges' vast accessories hall in London, you can buy a clip-on set of metal flowers from Louis Vuitton, multi-coloured jangling robots from Prada, and leather tassels at Ted Baker. What customers want, it seems, is a way to stamp a bit of individuality on their purchases. And one new counter at Selfridges will let you go a stage further. At Mon Purse, an Australian brand, you are handed an iPad and samples of leathers, and given the chance to design your own handbag.
Microsoft creates the world's first city FONT for Dubai
The Dubai government has announced the launch of'Dubai Font' - the first typeface developed by Microsoft for a city. The font, which will be available in 23 languages, was developed simultaneously in Latin and Arabic script. Dubai Crown Prince Hamdan bin Mohammed al-Maktoum has urged all government institutions to adopt the font in official correspondence. The Dubai government has announced the launch of'Dubai Font' - the first typeface developed by Microsoft for a city In its drive to become a city of the future, authorities in Dubai have also purchased a network of robotic pods to shuttle people to a man-made island. The automated transport system will feature 25 driverless group rapid transit vehicles capable of carrying 24 passengers each.
A North Korean 'space nuke' WOULDN'T lay waste to America
As global tensions continue to build, science fiction-fueled fears of a devastating electromagnetic pulse attack have begun to surface. Some speculate that North Korea could detonate a high-altitude nuclear weapon in space, setting off an EMP that would knock out electrical systems down below, with catastrophic results. But, experts are not convinced that this is how the scenario would pan out. According to nuclear non-proliferation expert Jeffrey Lewis, tests of such devices in the past were largely anticlimactic, and failed to produce the widespread electrical disruption that's been predicted over the years. The expert points to a test conducted by the US in 1962 known as'Starfish Prime.' EMP, or electromagnetic pulse weapons use missiles equipped with an electromagnetic pulse cannon.