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eBay's (EBAY) Devin Wenig on Q3 2016 Results - Earnings Call Transcript
Replatforming a business of our size and scale takes time. However, our pace of innovation is accelerating. We're increasingly using structured data and artificial intelligence to transform shopping on eBay, delivering more personalization capabilities, continuing to iterate our mobile experience, and bringing more unique inventory and categories to our customers. We've got more work to do, but I'm confident we're on the right path. Now, let me turn it over to Scott, and he'll provide more details on our Q3 results.
Tesla announces fully self-driving fleet
Tesla is partnering with Panasonic to supply batteries for its upcoming Model 3. Newslook Tesla CEO Elon Musk wants to his company to acquire SolarCity. SAN FRANCISCO -- Tesla's fleet is going autonomous. Tesla CEO Elon Musk announced Wednesday that its Model S, X and forthcoming Model 3 sedan will start being outfitted with "the hardware needed for full self-driving capability at a safety level substantially greater than that of a human driver." That constitutes full Level 5 autonomy, which doesn't require any driver involvement. That's the ultimate goal for a range of automakers and tech companies, including Google, Ford and Volvo, which have vowed to produce such self-driving vehicles by 2021.
Stephen Hawking says artificial intelligence could be humanity's greatest disaster
The invention of artificial intelligence could be the biggest disaster in humanity's history, Professor Stephen Hawking has said, warning that if they are not properly managed, thinking machines could spell the end for civilisation. "The rise of powerful AI will be either the best or the worst thing ever to happen to humanity. We do not know which," the British physicist said. He was speaking at the opening of a new Cambridge centre that will seek to address the potential dangers and conundrums of AI. Professor Hawking, a prominent critic of making unchecked advances in AI, said that the technology promised to bring great benefits, such as eradicating disease and poverty, but "will also bring dangers, like powerful autonomous weapons or new ways for the few to oppress the many".
ProPublica Reveals Discriminatory Pricing By Computer Algorithms
We are relying more and more on machines to make decisions for us -- which route to take, what to buy and where to buy it -- but we have no idea how these decisions are made. NPR's Robert Siegel talks with Julia Angwin, a ProPublica reporter, who has spent the year with her team looking at algorithms companies use to decide everything from what headlines we will read to what we will pay for a product. Among her most surprising findings, Asians were nearly twice as likely to get that higher price on SAT prep courses from The Princeton Review than non-Asians.
The Future of Retail is not E-Commerce. The Current Model of Internet will Disappear!
Today with the growth of the internet of things there is a surge in usage of fast internet, smartphones, portable devices, smart TV, smart wearable and connected cars among retail consumers. This indicates the rise of connected consumers. This has made the huge impact in the retail landscape and the retail experience is evolving from multi-channel to Omni-channel. The connected consumer requires connected retail. Omni-channel retailing means establishing a presence on many channels and platforms (i.e. Physical stores remain the foundation of retailing, evidenced by the fact that - in the internet era, 90% of retail sales still take place in physical stores. According to eMarketer, the total retail sales in the US topped 4.53 trillion in 2013, of this brick-and-mortar sales still command a vast majority of the retail market nearly 4.27 trillion. According to A.T. Kearney, 95 percent of all retail sales are captured by retailers with a brick-and-mortar presence in total retail. Two-thirds of consumers who purchase online use the store before or after the transaction. The role of the brick & mortar store is changing, NOT going away. Stores remain at the heart of retailers' relationships with consumers, even in today's "Omni Channel" world where online and physical sales appear to rule. According to a report, When it comes to product trial and tests, respondents indicate a clear preference for physical stores. Despite the growing popularity of e-commerce and digital retailing are capturing headlines in news media and inspiring spirited debates (blah, blah..) retailers plan how best to invest for future success, including a plan to build an another planet. The e-commerce retail market share is only 263 billion. It is only 5.8% of the market share. Small basket, single channel, ineffective delivery, can't see, can't feel or try made it as a hard business model. Is pure play e-commerce is an unprofitable business model? Investment on e-commerce is "river of no returns"? Are we nearing the end of the e-commerce bubble? Is M-commerce the future of retail? Drop out, make an app, go viral and make money?
Singapore to pilot self-driving buses, but crash puts focus on safety
Singapore's Land Transport Authority (LTA) says it will be piloting the use of self-driving buses as well as conducting research to improve real-tine monitoring of the national rail system. It signed an agreement to partner the Nanyang Technological University (NTU) on joint research initiatives to improve the country's rail networks, with plans to develop a real-time monitoring prototype to identify early signs of defects. The transport authority said this would involve the use of fault diagnostic capabilities that could be tapped anytime without any disruption to train operations. LTA and NTU also would be running pilots involving two driverless 12-metre buses, LTA said in a statement Wednesday. The two projects would be led by the LTA-NTU Transport Research Centre, which was set up in November 2015 to run research and technical trials using advanced technologies in the local industry.
IoT news - WISeKey to Integrate Artificial Intelligence at Chip Level into Its IoT Cybersecurity Vertical Platform
While IoT remains wildly insecure, thanks to the integrated solution operated by the WISeKey Vertical Platform, IoT devices would be able to organize themselves into trusted networks based on mutual authentication, identity and integrity. This trusted cybersecurity platform will only enable IoT devices which can provide a recognized identity and a valid integrity report to communicate with peer devices that are part of the trusted community. Adding AI at the chip level together with the WISeKey RoT it will allow the IoT to provide authenticated sensor data. Current IoT data do not provide value for their manufacturers unless it can be converted into actionable, contextualized information generated by IoT sensors fully identifiable. The majority of IoT devices are not built with embedded secured systems thus are very vulnerable.
Automation and artificial intelligence in enterprise security - Computer Business Review
The accelerating pace of change in enterprise security and the speed with which new attacks move and mutate means that some degree of automation of enterprise security is now essential. To put it even more bluntly โ attackers are using automated tools to attack your organisation so there is no choice but to use similar tools to help your defences. Some staff may fear this will lead to deskilling of their jobs but really the opposite is true. Automation of repetitive tasks means freeing up time for more interesting and important work. It should allow staff to keep skills and knowledge up-to-date and to take a more proactive, less reactive, role in the organisation.
Singapore's self-driving taxi service has its first accident
That didn't take long: One of Singapore's nuTonomy self-driving taxis has already been in an at-fault collision. Less than a month after the service launched, a slow-moving taxi hit a lorry (translation: a truck) while changing lanes, according to a Facebook post from Singapore's Land Transport Authority (LTA). Thankfully no one was injured in the accident, but that isn't stopping the LTA and local police from investigating the matter anyway. In a statement to The Verge, nuTonomy says that it's fully cooperating with the LTA and will be conducting its own investigation to determine the "exact cause of the accident." Instances like this are just a matter of course at this point.
Mercedes-Benz's Answer To The Driverless Dilemma Is Disturbing
Because there's no good way to answer this ethical dilemma. If there is no other choice, will a driverless car crash into a group of children running across the street or divert and potentially harm the driver? The answer, save the life of the passenger, according to Mercedes-Benz's manager of driver assistance systems and active safety. Editor's note: After this article went life, Daimler, Mercedes-Benz's parent company, had several things they'd like to add. First, it says the company is focused "on completely avoiding dilemma situations" and has never made an official decision on the topic.