Just in time for tonight’s CIO Council Round Table on AI, Machine Learning RPA, comes this interesting article.
The world’s biggest tech fund backed by Japan’s SoftBank Group has raised $93bn which it intends to plough into AI and robotics. The SoftBank Vision Fund was first announced last year and its backers now include the Mubadala Investment Company of the United Arab Emirates, Apple, Foxconn, Qualcomm and Sharp.
Note: CIO Council Round Table on AI, Machine Learning & RPA – There are only a few seats left, so if you are the CIO, or senior most IT manger of your company, and would like an invitation to tonight’s event, please email [email protected].
Telecommunications and tech investment group SoftBank, which acquired UK chip designer ARM for £24bn last year, holds a maximum of $28bn in the fund. It said the fund was established because SoftBank believes the next stage of the Information Revolution is under way, “building the businesses that will make this possible will require unprecedented large scale long-term investment”.
The taxi industry’s legal challenge over Miami-Dade’s Uber law hit a roadblock recently after a judge declared the year-old county law a reasonable attempt to regulate the taxicabs’ new competitors.
“Taxicabs have not, for now, become obsolete,” U.S. District Judge Darrin Gayles wrote in his opinion. “As with all services and industries, markets ebb and flow, and change requires adaptation and innovation.”
Though perhaps best known as Facebook’s No. 2 executive, Sheryl Sandberg is also a mentor, a mother, a billionaire and an author. When her husband Dave Goldberg died suddenly in 2015 while they were vacationing in Mexico, she added “widow” to the list.
Many in the Miami tech scene will know that Sheryl Sandberg moved to North Miami Beach, Florida, with her family when she was two years old. She attended North Miami Beach High School, where she was “always at the top of her class”, and graduated ninth in her class with a 4.646 grade point average.
Magic Leap is beefing up its ranks with artists and animators from an Oscar-winning studio and veteran game designers, in a sign that the $4.5 billion company believes content could play a critical role in the success of its highly-anticipated “mixed reality” product.
Magic Leap’s special glasses, which overlay detailed digital imagery on top of the real world, have wowed the tech industry’s leading personalities and attracted healthy investments from Google and Qualcomm, among others.
‘The largest house of trusted brands in the digital space.’
That’s what Tim Armstrong, AOL CEO, said about Oath the new umbrella company overseeing AOL and Yahoo (amongst others). It remains to be seen whether this 4.3 Billion dollar merger will bring any significant consumer value to the flagging AOL and Yahoo brands that have struggled in the past few years in the face of competition from the likes of Google, Microsoft and Amazon.
Why couldn’t they just say ‘Hey, it’s Google Alphabet’. Putting all the marketing speak aside that’s on the Oath and Alphabet pages (gotta love the URL http://abc.xyz), this just looks like sound investor related company restructuring and governance.