Four years ago Mark Karpeles became one of the most controversial figures in the fledgling cryptocurrency space after his exchange, Mt. Gox, abruptly went down along with 850,000 Bitcoin. Now the controversial Mt. Gox CEO is back to apologize for his mistakes. In a Reddit AMA session, Karpeles took a moment to address some of the criticism aimed at him and the way he handled the Mt. Gox bankruptcy. Here are some of the more interesting things he had to say: I did my best trying to grow the ecosystem by running the biggest exchange at the time. It had…
The hope is that CANES will reduce the number of sailors required to maintain operations, thus potentially saving the Navy billions of dollars over years of use. The systems could also automate tactical information processing, such as threat and target information, thereby making the Navy’s fleets safer and more formidable.
By 2020, the Navy hopes to deploy CANES on 190 vessels and Maritime Operations Centers. “We are very interested in artificial intelligence being able to help us better than it is today,” Rear Adm. Danelle Barrett, Navy Cyber Security Division Director, told Warrior. “We want to trust a machine and also look at AI in terms of how we use it against adversaries.”
An Army of None
The Navy isn’t the only branch of the US military looking to use AI to create a next-generation military. The US Air Force is also incorporating AI into their intelligence-gathering systems through Project Maven, an initiative to employ machine learning to better utilize drone surveillance footage. Outside of the U.S., both China and Russia are also looking for ways to upgrade their military operations using AI.
Artificial intelligence and automation can reduce the manpower needed to run military operations. However, not everyone fully supports handing over control of military systems to AI. Elon Musk and other AI experts have warned world leaders about the future implications of allowing machines to make decisions that could potentially lead to the loss of human life, regardless of which side the casualties are on.
The United Nations is currently in the process of considering how the world should move forward in terms of its development and use of autonomous weapons systems. Though CANES isn’t specifically meant to be weaponized, it could influence future US military strategy, and while battlefields blanketed by armies of autonomous killer robots may still be a sci-fi fantasy, we need to make sure it remains in the realm of fiction.
Tis the season for an increase in holiday shopping and competition for those dollars. I’ve found that the key to capturing an unfair share of these dollars online is giving your site visitors the gift of a site that loads faster than a New York minute. Customers are looking to buy what they want as quickly as possible especially if they are using a mobile device and shopping online. According to Kissmetrics, a one-second delay in page load time can result in a seven percent reduction in conversions. A Google mobile study found that 53 percent of mobile site visits are abandoned if…
Facebook has certainly dabbled in live sports streams before, but it appears ready to jump in with both feet. Sources for Sports Business Journal claim that Facebook is hiring an executive to negotiate sports deals, and that the eventual recruit wil… Engadget RSS Feed
Mark Zuckerberg already bid $ 600 million for a cricket deal. What’s next?
Thing you knew but should keep thinking about anyway: The big tech companies are very interested in streaming live sports to you.
Today’s reminder comes from Facebook, which wants to hire an exec to negotiate sports rights deals. The company has been interviewing candidates for a while, says Sports Business Journal’s John Ourand.
More interesting: Ourand’s sources say whoever gets the job will have a budget of a “few billion dollars” to spend on global rights deal. No comment from Facebook comms on his story, but John is a very good reporter, so let’s assume the number is correct until we hear otherwise.
Here is the thing about a “few billion dollars”: It is a lot of money! But it’s crucial to know what period of time that covers. And, in the context of sports rights deals, it may be less than you think.
In 2014, for instance, DirecTV agreed to pay the NFL a reported $ 1.5 billion a year for the rights to its “Sunday Ticket” ticket package. (That deal is up in 2022, by the way.) ESPN and Turner are paying the NBA a reported $ 2.66 billion a year for their current deal.
So: Unless the value of TV sports rights deals dramatically craters in the near future, Facebook won’t be buying any exclusive rights to any big-ticket sports anytime soon.
On the other hand, a “few billion dollars” could definitely go a long way when it comes to streaming-only deals, sold alongside traditional TV deals. That’s what the NFL has been doing with its Thursday night games for the last couple years: Last year, it sold the digital rights to Twitter for about $ 10 million; this year Amazon got them for about $ 50 million.
Bloomberg has been keeping an eye on Amazon CEO Jeff Bezos’ net worth and notes that today, for the first time, it has exceeded $ 100 billion. That’s 100,000,000,000 dollars. He was already definitively the richest person in the world after spending part of 2016 trading places with Bill Gates. Gates, by the way, was the last person to reach that stratospheric level of wealth, back in 1999.
Magic leap has been touted as the future of augmented reality (AR). By superimposing advanced images into your “normal” field of vision, it has been adored and supported by many for it’s promised “magic” quality.
This call for increased investment, which would put Magic Leap at $ 6.5 billion in valuation if this recent investment is solidified, is happening in advance of “Magic Leap One” — the company’s highly-anticipated initial device. So far, no one really knows any specifics about the device, but many have made exciting claims of its ability to incorporate virtual imagery with vision. But it is possible, despite such hefty investments and impressive claims, that the hype will outweigh the final product. Hopefully, this is not the case. Consumers, and likely the high-level investors, anxiously anticipate the tech and hope that the billions of dollars used in support of its development will allow for the creation of a truly game-changing technology.
Token currency provider Tether is bringing tokenized USD to Ethereum, the second largest cryptocurrency after Bitcoin. This means that users can turn their regular currency into tokens, which makes using it on the exchange simpler and more predictable.
Tether, in partnership with the Ethereum trading and information community hub Ethfinex, announced the launch of ERC20 Tether tokens on September 11th, allowing tokenized USD to be exchanged on the Ethereum network, and hopefully eliminating the delays people often experienced when dealing with businesses and banks.
“The number of tokens and assets being tokenized on top of the Ethereum platform is growing rapidly, with many proving disruptive to traditional business models,” said Project Lead at Ethfinex Will Harborne. “By enabling all ERC20 compatible applications and protocols to integrate tokenized USD, we expect to see enhanced efficiency and further stability on the Ethereum network.”
After depositing their US dollars, Tether users will see their money converted into a digital currency known as “Tether,” symbolized as “₮.” Each Tether will have a name and symbol attached that represents the asset, which can then be traded or transferred as an aforementioned ERC20 token. In the future, currencies like euros and yen will also be supported.
Following the announcement, TokenCard revealed it will also begin supporting Tether, allowing users to use their tokenized currency just as they would use traditional money with a Token debit card.
Changes to Society
Cryptocurrencies are often seen to be troublesome or too unpredictable to rely on, but Tether and Ethereum’s new endeavor seeks to change that. Ethfinex stated a key part of this new partnership meant developing currencies that could easily be used in everyday scenarios, such as paying bills or salaries.
“We believe this development will not only open up the world of cryptocurrencies to more mainstream consumers, but also set the standard, and encourage other companies to be more innovative and accessible in their product and service offering at this pivotal time for money and payments,” said Tether co-founder Craig Sellars.