Google Claims Major Breakthrough in Quantum Computing

Google stated it achieved “quantum supremacy,” a breakthrough in quantum computing that researchers have been pursuing since the 1980s. According to Google, at its Santa Barbara, California-based research lab, its quantum computer took 3 minutes and 20 seconds to complete a mathematical calculation that would take supercomputers over 10,000 years. Quantum computing is expected to unleash major advances in artificial intelligence and other complicated technologies. IBM, however, has disputed Google’s claim. Continue reading Google Claims Major Breakthrough in Quantum Computing

New Cryptocurrency Planned by Messaging App Telegram

Social network Telegram is moving ahead with its plans to issue its own cryptocurrency, dubbed Gram, within the next two months. The 200 million to 300 million global users of its messaging app will also have access to Gram digital wallets. Telegram appears to have the same ambitions for Gram that Facebook has for its Libra cryptocurrency: as a way to move money worldwide. In early 2018, Telegram tapped $1.7 billion from prominent investors including major Silicon Valley venture capitalists to launch the fund. Continue reading New Cryptocurrency Planned by Messaging App Telegram

New Silicon Valley Stock Exchange Is Approved by the SEC

U.S. regulators have approved a new stock exchange originally introduced to the Securities and Exchange Commission last year by tech entrepreneur Eric Ries, who raised $19 million from VCs for his project. The new Long-Term Stock Exchange (LTSE) will provide tech firms with options to traditional New York exchanges. The “Silicon Valley-based national securities exchange” is “promoting what it says is a unique approach to governance and voting rights, while reducing short-term pressures on public companies,” reports Reuters. Continue reading New Silicon Valley Stock Exchange Is Approved by the SEC

Amazon’s One-Day Shipping Plan Boosts Logistics Startups

Last month, Amazon made a pledge to spend $800 million in efforts to make next-day delivery the new standard. In turn, this put increased pressure on brick-and-mortar rivals like Walmart, Best Buy, Macy’s and many others who are rushing to keep up. And it could mean big deals for the logistics companies that work with those physical retailers. As just one example, the Seattle warehouse space and online order fulfillment startup Flexe just announced a $43 million investment from New York firm Tiger Global Management.

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Facebook Rejects U.S. Congress Claim That It Is a Monopoly

After two months, Facebook responded to the more than 2,000 questions that Congressional committees asked chief executive Mark Zuckerberg. In the resulting 450-page document, Facebook rebutted government claims that it is a monopoly and didn’t answer if an app can spy on its rivals. Instead, Facebook emphasized that it has learned its lesson and is giving its users more control over their data. It also revealed more details about the info it collected, such as battery levels of users’ devices and computer mouse movements. Continue reading Facebook Rejects U.S. Congress Claim That It Is a Monopoly

Facebook, Google Pledge to Expand AI Investments in France

After top Google and Facebook executives met with French president Emmanuel Macron, the tech companies vowed to invest artificial intelligence resources in that country’s capital. Google will create a Paris-based AI lab focused on research into automatic learning, language and computer vision. Facebook, which already has created an AI lab in Paris, plans to double its 50-person team there by 2022 and spend 10 million euros ($12.2 million). Both companies also pledge to train that country’s citizens on digital tools. Continue reading Facebook, Google Pledge to Expand AI Investments in France

Venture Capitalists Discuss the Latest Startup Trends at CES

Who better to discover trends at CES 2018 than the venture capitalists that roam the exhibit looking for the most promising startups to fund? TMTPost founder/chief executive Hejuan Zhao brought together three such executives to ask them about what they’ve seen at the show and what they predict for the future. Caerus Ventures co-founder Gregory Borchardt, whose company focuses on connected devices, was astounded by the exponential growth of startup haven Eureka Park, with heavy representation from France and the Netherlands. Continue reading Venture Capitalists Discuss the Latest Startup Trends at CES

First Impressions of CES 2017: Where is All the Data Going?

CES is always a data scientist’s nightmare, and this year is no different. Why? It’s simple. The hardware vision we’re being served (24/7 connection with everything) immediately triggers one critical question: Where will all this data go? How will this comically fragmented data be integrated in a way that creates value for your lives, our families, our organizations? The central conundrum of wearables and IoT, which we see nowhere here, is that the firehose of data created by these devices can only create value if merged together in a way that’s (a) central, (b) safe, and (c) relevant to our lives. Emphasis on (c), of course. Continue reading First Impressions of CES 2017: Where is All the Data Going?

Harder to Trace Than Bitcoin, Zcash Virtual Currency Debuts

Zcash is the latest in virtual currency, designed by academics with advanced cryptography to be untraceable. After only a few days on the market, Zcash is soaring in popularity, with investors paying over $1,000 for a single unit. The company, led by developer Zooko Wilcox, has already received $3 million from several Silicon Valley venture capitalists as well as the support of computer scientists at Johns Hopkins University and the Massachusetts Institute of Technology, and privacy advocates. Continue reading Harder to Trace Than Bitcoin, Zcash Virtual Currency Debuts

Interest in Acquiring Flipboard Heats Up with Tech Companies

Reports recently surfaced that Twitter has been in talks this year to purchase Flipboard, in a deal that would value the company at more than $1 billion. The acquisition would bring an experienced product team to Twitter as well as an heir apparent to CEO Dick Costolo in Flipboard co-founder Mike McCue. However, updates to the news have suggested that talks between the two companies have stalled, and other companies, including Google and Yahoo have since had discussions about possibly acquiring the newsreader app. Continue reading Interest in Acquiring Flipboard Heats Up with Tech Companies

NBCUniversal Hosts Hackathons to Meet Industry Challenges

In attempt to bring new ideas to the table, NBCUniversal invited 300 developers, marketers and designers to partake in a weekend long hackathon to help the media company address some of its most common challenges when it comes issues such as movie releases and television audience retention. While the hackathon offered $25,000 in cash prizes, it was also an opportunity for attendees to access tools for building software applications and NBCUniversal to recruit future employees. Continue reading NBCUniversal Hosts Hackathons to Meet Industry Challenges