IBM Strikes 5-Year Deal with UK for AI, Quantum Computing

IBM inked a five-year deal with the UK’s Science and Technology Facilities Council (STFC) to collaborate on artificial intelligence and quantum computing. The program, worth $297.5 million (£210 million) and aimed at developing sustainable technologies, will hire 60 scientists and gather interns and students to work at the newly established Hartree National Centre for Digital Innovation (HNCDI) to “apply AI, high performance computing (HPC) and data analytics, quantum computing, and cloud technologies” to research goals. Continue reading IBM Strikes 5-Year Deal with UK for AI, Quantum Computing

DTR and Academics Tackle Faster, Scalable Cryptocurrency

A group of professors from universities including the Massachusetts Institute of Technology, Stanford University and University of California, Berkeley are at work on the Unit-e, a “globally scalable” cryptocurrency that can achieve blazing speeds and retain Bitcoin’s vaunted decentralization. Unit-e will be the first project of the non-profit Distributed Technologies Research (DTR), an academic-formed foundation supported by hedge fund Pantera Capital Management. They hope to design a coin that will process transactions faster than Visa. Continue reading DTR and Academics Tackle Faster, Scalable Cryptocurrency

Facebook Pursues App Ecosystem: AR Powered by Cameras

Bolstered by last summer’s breakout popularity of “Pokémon Go,” Facebook chief executive Mark Zuckerberg has shifted focus from VR to AR, which combines the real and digital worlds. At the annual F8 conference, he stated that Facebook will make its AR tools available to developers to create everything from custom masks to filters. Partners already include Nike, Electronic Arts and Warner Bros. The shift to AR puts Facebook in competition with its rival Snap’s Snapchat and Microsoft HoloLens. Continue reading Facebook Pursues App Ecosystem: AR Powered by Cameras