Apple has been involved in education for 40 years, and has placed itself squarely at the intersection of liberal arts and technology. This event was a showcase of their continued dedication to education, and provides a clear picture of how they see the future of the classroom.
“Who hasn’t been offered a job at SoftBank?” some people joke at venture firms.
SoftBank’s Vision Fund over the last two months has been aggressively trying to poach rising-star venture capitalists, a flurry of attempts that has ruffled feathers among some of the people it is trying to recruit.
The recruitment would equip the $ 100 billion Vision Fund, mostly led so far by former bankers, with more startup experience.
The Vision Fund has retained the search firm Russell Reynolds to try and bolster its stable of vice presidents and directors, according to multiple people who have been approached by the fund. The recruiting effort has centered on younger venture capitalists at top-tier firms — think people in their late 20s or early 30s who are not general partners but rather rank a seniority level lower, such as principals or just plain old partners.
It’s the latest way in which the Vision Fund is competing with traditional technology investors in Silicon Valley: A battle for talent.
But there have been some hiccups. The firm has used impersonal methods, like LinkedIn messaging, to reach out to potential hires, which has rubbed some people the wrong way. The messages and tenacious recruiting effort have been a source of curiosity and even some ribbing in their offices, sources at three venture capital firms tell Recode, with some folks joking internally: “Who hasn’t been offered a job at SoftBank?”
To be fair, recruiting firms are always hustling for top talent, though some people say they wish the pitches had been more personal.
Venture capitalists are buzzing about the outreach in part because the recruiting experience at VC firms tends to be more organic and relationship-driven — courting younger talent gradually over lunches, through mutual friends and, for more senior roles, a sometimes years-long dialogue about the job. It isn’t uncommon for search firms to be involved at identifying possible hires, but the actual contact tends to come from firm leadership.
The Vision Fund and Russell Reynolds declined to comment.
The scouting does, though, make a lot of sense. The Vision Fund over the last year has hired about 100 full-time people — in London, in Japan and here in Silicon Valley — but the pace at which they’re deploying the capital calls for more manpower to help find and execute technology deals across the globe.
A hundred people may sound like a lot, but compare it to a big firm like Andreessen Horowitz, which has 130 people to manage $ 6 billion, while the Vision Fund has 100 people to manage a fund that’s more than 15 times larger.
It’s safe to say folks there are working long nights and could use the hand.
SoftBank or its Vision Fund is as of now hiring for at least 14 different positions at its headquarteres in San Carlos, according to posted job listings, ranging from its two-year investment associate program to several open vice president positions.
The Fund is looking now for people with some operational experience, according to a source familiar with its thinking, hopefully landing people with both some investment experience and some technical background in a particular field.
Plus, the Vision Fund’s leadership up till now has been primarily led by former bankers, who are a natural fit at executing later-stage deals but do not have as much experience serving on boards of startups, for instance. They do, though, have more background in negotiating.
While the firm does have some veteran operators as managing directors — like former LinkedIn exec Deep Nishar — its leadership hasn’t come from blue-chip venture capital firms.
Early last year, the Vision Fund raided the technology banking sector’s top talent, landing bigwigs like Michael Ronen of Goldman Sachs and Colin Fan from Deutsche Bank — presumably for a lot of cash.
This year, it appears the technology fund is preparing to nab talent from the traditional venture community as well.
Restoring eyesight to those with poor eyesight or suffering from eye diseases has been a goal of the medical and scientific community for years. Last year saw several developments that brought us closer to to this goal, from reversing retinal degeneration to creating bionic eyes to even an FDA-approved form of gene therapy. The latest research attempt takes a metallic approach: researchers from Fudan University and the University of Science and Technology of China tried their hand at curing blindness using gold and titanium.
The team’s research, published in the journal Nature Communications, show this method can successfully restore eyesight in mice. Specifically, the scientists replaced the mice’s deteriorated photoreceptors — sensory structures in eyes that respond to light — with artificial photoreceptors, made using titanium dioxide and gold nano-wires.
To test their artificial receptors, the team first genetically engineered the mice to encourage the degradation of their natural receptors. Using four to five mice at a time, the researchers implanted the metallic receptors and watched as their subjects began responding to green, blue, and ultraviolet light. Their pupils also began to dilate, confirming the new photoreceptors were working and that the mice were responsive to light. The photoreceptors were left in for eight weeks, during which none of the mice showed signs of negative side effects or injury.
That being said, it was difficult to determine what the mice were seeing, and how clear their vision was. Furthermore, the replacement photoreceptors could not restore full color vision. While this probably wouldn’t be a huge concern for some people suffering from blindness, it’s still a sign that the team has more work to do.
However, their work leaves open the possibility for further development, and a technique that could potentially address many medical issues. This method could used as a form of treatment for retinal degenerative diseases such as retinitis pigmentosa (RP) and macular degeneration. According to the National Eye Institute, roughly 1 in 4,000 people worldwide are affected by RP, while many over the age of 60 are at risk of developing macular degeneration; their chances are doubled if they smoke regularly.
However, the future is already looking clearer. With new developments coming in regularly, it seems we’re well on our way to returning eyesight to the millions of people who wish to see the world again.
This is the future tech that will replace whiteboards as we know it.
The post Samsung’s Futuristic Vision of Whiteboards Is Here and It’s Incredible appeared first on Futurism.
Microsoft is out today with a new app for those with vision impairments. Soundscape for iOS has been in development for about four years and is now available for free. Read on for how this technology works.
Doogee’s Mobile World Congress press conference is mostly what you’d expect from a company you’ve never heard of: small, low key, in the second basement meeting room at a hotel across from the convention center. It’s a bit like the smartphone farm system, the company’s hoping it can gin up enough awareness to rise above the din of news from the world’s… Read More
Mobile – TechCrunch
Industrial companies are embracing digital twin technologies, with a view to keeping costly assets in good repair and maximising their useful lives.
Out on the waters of the Gulf of Mexico, some 25 miles south-west of Port Fourchon, Louisiana, the Noble Globetrotter I drilling vessel is hard at work. The ship is drilling for oil under a 10-year contract between its owner/operator, offshore drilling contractor Noble Corporation, and oil giant Shell.
Meanwhile, over 1,000 miles away, in Lisle, Illinois, a digital representation of the Noble Globetrotter I is being closely monitored by engineers working at General Electric’s Industrial Performance and Reliability Centre (IPRC). This is the vessel’s digital twin.
The IPRC runs on a 24-hour basis, seven days a week, with the goal of spotting problems and increasing uptime for GE customers’ industrial assets, in fields as diverse as oil and gas, power generation, mining, and aviation.
The Globetrotter I’s digital twin is based on data collected from physical assets found on the ship: specifically, its drilling control network, along with its power management and dynamic positioning systems. Each of these assets has its own sensors and control systems, which provide steady streams of data. These are harmonised and centralised on the ship, before being transmitted in real time to the IPRC.
There, the Digital Rig solution developed by GE and Noble gets to work, applying advanced analytics to data models based on the digital twin, in order to detect unusual behaviour patterns, which might indicate a problem with equipment onboard the ship.
The digital twin concept is not a new idea, and could be seen as a useful byproduct of CAD. However, the use of live sensor data to model real-world objects seems to date as far back as 2002, to a presentation to industry given at the University of Michigan by Dr Michael Grieves. In his speech, he suggested that a digital representation of a physical system could be used to monitor and support the entire lifecycle of its physical sibling, in order to keep it functioning.
But in recent years, as sensors have become cheaper and the cloud has delivered almost limitless, low-cost storage space and processing power, the idea has really taken off.
Digital twins were one of Gartner’s Top 10 strategic technology trends for 2018, with analysts at the firm predicting that organisations will implement digital twins “simply at first, then evolve them over time, improving their ability to collect and visualise the right data, apply the right analytics and rules, and respond effectively to business objectives.”
Already in 2018, Internet of Business has reported on plans at IBM to create a digital twin of the Port of Rotterdam, Europe’s largest shipping hub.
Then there was the news last week that professional car racing squad Team Penske is teaming with Siemens to create digital twins of its vehicles, enabling engineers to simulate engine configurations, develop new parts, optimise performance, and even predict race results.
And Kärcher, manufacturer of vacuum cleaners and pressure washers, has said that it will use software from Dassault Systemes to create digital twins for “system engineering, configuration, manufacturing, after-sales services and packaging design.”
But back to the Noble Globetrotter I. According to GE, Digital Rig has already “captured multiple anomalies” in its physical assets and produced alerts about potential failures up to two months ahead of when they might otherwise have been expected to occur. The goal is for the solution to deliver a 20 percent reduction in operational expenditure across targeted equipment, through high-octane predictive maintenance.
These kinds of results can only come from digitalisation, claims Krishna Uppuluri, vice president of digital product at GE Digital. “If you look at the way that drilling contractors operate, it’s been much the same style for the past thirty to forty years,” he says. “It is predominantly based on experience, gut feel, and calendar-based maintenance.”
In other words, problems are diagnosed on the basis of hunches, and maintenance schedules are strictly observed. Some equipment undergoes maintenance even when it’s running fine, just because it’s due to be inspected.
But now when something starts to go wrong, says Uppuluri, the team at the IPRC can spot it early, and package up an alert with relevant data to send to the vessel’s crew, out on the Gulf of Mexico. This way, they get plenty of warning if they need to order and transport new parts (and experienced engineers to fit those parts) out to the ship.
GE and Noble plan to build digital twins of four different drilling vessels at first, says Uppuluri, and then use these as the basis to roll out the technology to the rest of Noble’s 28-strong fleet.
This kind of project may be just the start. Says Gartner analyst David Cearley: “Over time, digital representations of virtually every aspect of our world will be connected dynamically with their real-world counterparts, and with one another, and infused with AI-based capabilities to enable advanced simulation, operation, and analysis.”
What we’re seeing, he reckons, is a long-term shift to a “digital twin world” – with huge implications for all kinds of professionals, from city planners and digital marketers, to healthcare workers and industrial planners.
Internet of Business says
Perhaps the biggest digital twin programme currently in existence can be found at CERN in Geneva, where the 27km loop of the Large Hadron Collider remains the largest machine ever built. Every component in the LHC – and on the CERN campus, which is the size of a small town – is logged in an enterprise asset management (EAM) system as a digital twin. This enables engineers to keep the big science running, and for repairs, upgrades, and replacements to be planned for well in advance.
And the system has another, equally important benefit: in a 27km complex full of expensive equipment, the digital twin system also tells engineers exactly where the tiny bolt that needs replacing is located. That’s not to be sniffed at when a round trip on a slow maintenance vehicle may take several hours.
The post Double vision: Why industrial companies are embracing digital twins appeared first on Internet of Business.
Apple is helping to sponsor March’s Israel Machine Vision Conference in Tel Aviv, where the company will also have an expert on hand to talk about the TrueDepth camera on the iPhone X.
AppleInsider – Frontpage News
Back in January, Korean media suggested a new LG phone with AI capabilities will arrive at MWC 2018 and today LG confirmed it in a press release. The manufacturer will introduce Vision AI for smartphones in Barcelona, and the technology will be featured in the 2018 version of “LG’s most advanced flagship smartphone to date” – the V30. LG V30 in Raspberry Rose Vision AI will automatically analyze objects and recommend the best shooting mode among eight options: portrait, food, pet, landscape, city, flower, sunrise, and sunset. The tech will take into consideration angles of view,…