IBM and MIT Team Up for Artificial Intelligence Research Lab

Last week, IBM and the Massachusetts Institute of Technology announced a 10-year, $240 million partnership to establish the MIT-IBM Watson AI Lab in Cambridge, Massachusetts. The long-term initiative is expected to bring together industry experts, professors and students to research areas such as cybersecurity, healthcare, machine learning and quantum computing. Researchers will work at MIT and the nearby Watson Health and Security facilities. The lab will be co-chaired by IBM Research VP Dario Gil and MIT School of Engineering dean Anantha Chandrakasan. Continue reading IBM and MIT Team Up for Artificial Intelligence Research Lab

Global Markets React to UK’s Decision to Exit European Union

British voters cast their ballots yesterday regarding the United Kingdom’s Brexit referendum, and surprising to many, the country has opted to exit the European Union. Shortly after the results were announced, British Prime Minister David Cameron announced he would resign his position later this year, while leaders in Northern Ireland and Scotland have indicated they will seek independence referendums in order to reenter the EU. The immediate response has been a dramatic ripple effect in markets worldwide with expectations for future uncertainty and potential crises. The tech industry, which often benefits from the EU’s liberal trade and economic policies, will likely be impacted. Continue reading Global Markets React to UK’s Decision to Exit European Union

Comcast Uses Chicago Cable Service to Launch Wi-Fi Hot Spots

Comcast has started to use hundreds of thousands of homes in the Chicago area to create more hotspots for its publicly accessible wireless network. The company will continue to roll out this service to more areas in the next few months. The service will use Comcast-issued home equipment, and separate the Wi-Fi signal to allow anyone within range to get Internet reception. Comcast claims that since the two services are separated, the Comcast users’ signals will not be disturbed. Continue reading Comcast Uses Chicago Cable Service to Launch Wi-Fi Hot Spots

Compact and High End Cameras Suffer Due To Smartphones

Impacted by the growing popularity of camera phones, compact digital camera sales continue to decline, especially for Canon and Nikon. Sales have also suffered among high-end cameras. Combined, Canon and Nikon had 44 percent of all global sales, according to IDC. Camera manufacturers are hoping that high-end models with interchangeable lenses will improve sales. These cameras have higher margins compared to compact cameras, approximately 15 to 25 percent, according to analysts.

Continue reading Compact and High End Cameras Suffer Due To Smartphones