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Domain: siliconangle.com
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Stories · 11
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Wall Street Banks Are Reportedly Backing Away From Cryptocurrency (siliconangle.com)
Squeamish from the start about pursuing profits in one of the darker corners of finance, established firms this year slowed their already halting efforts to make a business out of Bitcoin mania. While none has thrown in the towel, and some continue to develop a trading infrastructure, most flinched as the value of virtual coins collapsed. From a report: Multiple leading firms had either announced or were rumored to be entering the market earlier in the year, but few have come to fruition. The report said that "while none has thrown in the towel, and some continue to develop a trading infrastructure, most flinched as the value of virtual coins collapsed." Notable among those firms was Goldman Sachs. In May it was reported that the company was preparing to launch a bitcoin trading desk that would involve the bank using its own money to trade with clients in a variety of contracts linked to the price of bitcoin.
It was presumed that clients would include hedge funds that deal in cryptocurrencies as well as bitcoin futures contracts such as those launched by CME Group Inc. and Cboe Global Markets Inc. in 2017. Fast forward to December and no such bitcoin trading desk has been launched. In September it was reported that the plan had been abandoned, but a day later Goldman Sachs Chief Financial Officer Martin Chavez denied the report, saying that the bank's "exploration of the digital asset class is an ever-evolving process and is in response to significant client interest." He added that the report was "fake news." -
Facebook Creates an AI-Based Tool To Automate Bug Fixes (siliconangle.com)
Facebook is trying to speed up the time it takes to roll out new software updates and debug any issues in them with a new tool called SapFix that its engineers are building. From a report: SapFix, which is still under development, is designed to generate fixes automatically for specific bugs before sending them to human engineers for approval. Facebook, which announced the tool today ahead of its Scale conference in San Jose, California, for developers building large-scale systems and applications, calls SapFix an "AI hybrid tool." It uses artificial intelligence to automate the creation of fixes for bugs that have been identified by its software testing tool Sapienz, which is already being used in production. SapFix will eventually be able to operate independently from Sapienz, but for now it's still a proof-of-concept that relies on the latter tool to pinpoint bugs first of all. SapFix can fix bugs in a number of ways, depending on how complex they are, Facebook engineers Yue Jia, Ke Mao and Mark Harman wrote in a blog post announcing the tools. For simpler bugs, SapFix creates patches that revert the code submission that introduced them. In the case of more complicated bugs, SapFix uses a collection of "templated fixes" that were created by human engineers based on previous bug fixes. -
Waymo Self-driving Cars Are Having Problems Turning Around Corners (siliconangle.com)
Alphabet's Waymo has long been regarded as the leader in autonomous vehicle development and technology, but all might not be as well as it seems at the company, according to a report published Tuesday. From a report: The Information quoted a number of unnamed Waymo insiders who claim the vehicles being used in the Arizona ride-hailing test have numerous problems. The test, which launched in November, is meant to be converted to a full commercial service later this year. The report claimed that the autonomous Chrysler Pacifica struggles to handle a number of driving tasks and even goes as far as annoying human drivers around them. Top among the problems is an apparent issue with turning left. "The Waymo vans have trouble with many unprotected left turns and with merging into heavy traffic in the Phoenix area, especially on highways," the report noted. "Sometimes, the vans don't understand basic road features, such as metered red and green lights that regulate the pace of cars merging onto freeways." If having problems turning left isn't bad enough, they also apparently on occasion have problems turning right. One woman claimed that she almost hit a Waymo vehicle as it suddenly stopped while trying to make a right turn. -
Nvidia Debuts Cloud Server Platform To Unify AI and High-Performance Computing (siliconangle.com)
Hoping to maintain the high ground in AI and high-performance computing, Nvidia late Tuesday debuted a new computing architecture that it claims will unify both fast-growing areas of the industry. From a report: The announcement of the HGX-2 cloud-server platform, made by Nvidia Chief Executive Jensen Huang at its GPU Technology Conference in Taipei, Taiwan, is aimed at many new applications that combine AI and HPC. "We believe the future requires a unified platform for AI and high-performance computing," Paresh Kharya, product marketing manager for Nvidiaâ(TM)s accelerated-computing group, said during a press call Tuesday.
Others agree. "I think that AI will revolutionize HPC," Karl Freund, a senior analyst at Moor Insights & Strategy, told SiliconANGLE. "I suspect many supercomputing centers will deploy HGX2 as it can add dramatic computational capacity for both HPC and AI." More specifically, the new architecture enables applications involving scientific computing and simulations, such as weather forecasting, as well as both training and running of AI models such as deep learning neural networks, for jobs such as image and speech recognition and navigation for self-driving cars. -
We'll Never Legalize Bitcoin, Says Russian Minister (siliconangle.com)
An anonymous reader shares a report: In yet another backflip worthy of the Moscow Circus, a Russian minister has said that the country will never legalize bitcoin, just seven months after another government minister said it was considering making it legal. Minister of Communications and Mass Media Nikolai Nikiforov made the statement this week, saying that "bitcoin is a foreign project for using blockchain technology, the Russian law will never consider bitcoin as a legal entity in the jurisdiction of the Russian Federation." Recognizing that blockchain technology is separate to bitcoin, Nikiforov went on to say that "I think that it is quite possible to use blockchain technology and the use of various digital tokens." Those tokens may constitute a Russian-issued cryptocurrency. TASS reported that "Russia's Communication Ministry has submitted to the government the document containing technical details related to cryptocurrencies adoption." -
Oracle's Larry Ellison Pokes Amazon Again With New Cloud Pricing Plan (siliconangle.com)
Oracle went on the offensive again versus Amazon.com this week with a new cloud pricing plan that gives discounts to Oracle database customers who move their databases to the cloud. From a report: Chairman and Chief Technology Officer Larry Ellison said during an event at its Redwood City, California headquarters that while Oracle has matched Amazon Web Services for base-level computing, storage and networking services known as infrastructure as a service, it's now moving to make higher-level cloud services such as databases and analytics cheaper than AWS's. Actually, Ellison claimed that Oracle's infrastructure runs faster and therefore ends up costing less, but it's clear that the company is focusing more on its traditional strengths one tier up from the infrastructure: so-called platform as a service offerings such as the Oracle Database. Oracle said it will allow customers to move their existing licenses for databases, middleware and analytics to Oracle's platform services, just as they've allowed them to bring licenses to its infrastructure before. -
As AI Explodes, Investors Pour Big Bucks Into Startups (siliconangle.com)
Investment in AI startups is on a tear as venture capitalists and corporate investors scramble to stake out a leadership position in what could be the driving trend in technology for decades to come. From a report: The financial interest in AI, machine learning and related technologies is hardly new. CB Insights has tracked some $18.4 billion invested in 2,541 AI-related startups since 2012. But the trend is only accelerating. In the latest MoneyTree report from PricewaterhouseCoopers and CB Insights, which showed otherwise mostly stagnant startup funding, AI and machine learning companies shined, reaching an eight-quarter high of $820 million invested in 90 companies. A flurry of significant investments in a number of AI-related companies this past week underscored the point. On Wednesday alone, for instance, AI-powered analytics software provider CognitiveScale raised a $15 million round, voice AI startup Snips raised $13 million and, to top it off, machine learning consultancy Element AI got an unusually large $102 million early-stage investment just eight months after the company was launched. Then on Thursday and Friday, two other AI-powered companies, Conviva and Codota, announced fundings too. -
Startup Uses AI To Create Programs From Simple Screenshots (siliconangle.com)
An anonymous reader shares an article: A new neural network being built by a Danish startup called UIzard Technologies IVS has created an application that can transform raw designs of graphical user interfaces into actual source code that can be used to build them. Company founder Tony Beltramelli has just published a research paper that reveals how it has achieved that. It uses cutting-edge machine learning technologies to create a neural network that can generate code automatically when it's fed with screenshots of a GUI. The Pix2Code model actually outperforms many human coders because it can create code for three separate platforms, including Android, iOS and "web-based technologies," whereas many programmers are only able to do so for one platform. Pix2Code can create GUIs from screenshots with an accuracy of 77 percent, but that will improve as the algorithm learns more, the founder said. -
In Oracle's Cloud Pitch To Enterprises, an Echo of a Bygone Tech Era (siliconangle.com)
An anonymous reader writes: Oracle sought to position itself once again this week as the best place for everything companies need to move to cloud computing. On Thursday, executives at the database and business software giant distanced Oracle from public cloud leaders such as Amazon Web Services, Google Cloud Platform and Microsoft Azure that provide computing, storage and other services to corporations looking to reduce or eliminate their data centers. "Our cloud is more comprehensive than any other cloud in the market today, a full end-to-end cloud," said David Donatelli, Oracle's executive vice president of converged infrastructure. "We design from the chip all the way up to the application, fully vertically integrated." What's interesting about that messaging, which Oracle has been refining since at least its OpenWorld conference last September, is not simply the competitive positioning. Oracle is essentially saying that the nature of cloud computing suggests customers need to move away from the notion that has dominated information technology since personal computers and PC-based servers began to displace mainframes and minicomputers: cherry-picking the best applications and hardware and cobbling together their own IT setups. In short, Oracle contends, it's time for another broad swing back to the integrated, uber-suppliers of a bygone era of technology. Of course, the new tech titans such as Google, Facebook and Amazon arguably wield as much power in their particular domains of advertising and e-commerce as the Big Blue of old. But it has been a long time since a soup-to-nuts approach has worked for enterprise tech companies, and for those few still attempting it, such as Dell and Oracle, it's far from obvious it will work. The cloud, Oracle contends, may well change that. -
IBM's Project Intu brings Watson's Capabilities To Any Device (siliconangle.com)
IBM has launched a new system-agnostic platform called Project Intu with which it aims to bring "embodied cognition" to a range of devices. From a report on SiliconAngle: In IBM's parlance, "cognitive computing" refers to machine learning. The idea behind Project Intu is that developers will be able to use the platform to embed the various machine learning functions offered by IBM's Watson service into various applications and devices, and make them work across a wide spectrum of form factors. So, for example, developers will be able to use Project Intu's capabilities to embed machine learning capabilities into pretty much any kind of device, from avatars to drones to robots and just about any other kind of Internet of Things' device. As a result, these devices will be able to "interact more naturally" with users via a range of emotions and behaviors, leading to more meaningful and immersive experiences for users, IBM said. What's more, because Project Intu is system-agnostic, developers can use it to build cognitive experiences on a wide range of operating systems, be it Raspberry PI, MacOS, Windows or Linux. Project Intu is still an experimental platform, and it can be accessed via the Watson Developer Cloud, the Intu Gateway and also on GitHub. -
It's Time To Revive Hypercard
HughPickens.com writes HyperCard, an application program and programming tool released for the Apple Macintosh in 1987, represented the 'computing for the people' philosophy that enabled users to go past the pre-built software that came on their machines, and to program and build software of their own. "Mac users could use Hypercard to build their own mini-programs to balance their taxes, manage sports statistics, make music – all kinds of individualized software that would be useful (or fun) for individual users." Now Jer Thorp writes that the end of HyperCard left a huge gap that desperately needs to be filled – a space for an easy to use, intuitive tool that will once again let average computer users make their own tools. According to Throp, this type of plain-language programming makes sense, particularly in an application that was designed specifically for non-programmers. "I find the largest concern for learners to be not with the conceptual hurdles involved in writing a program, but with obscure and confusing syntax requirements. I would love to be able to teach HyperTalk to my students, as a smooth on-road to more complex languages like JavaScript, Java or C++." By putting the tools of creation into the hands of the broader userbase, we would allow for the creation of ultra-specific personalized apps that, aside from a few exceptions, don't exist today."
HyperTalk wasn't just easy, it was also fairly powerful. Complex object structures could be built to handle complicated tasks, and the base language could be expanded by a variety of available external commands and functions (XCMDs and XFCNs, respectively), which were precursors to the modern plug-in. But ultimately, HyperCard would disappear from Mac computers by the mid-nineties, eclipsed by web browsers and other applications which it had itself inspired. The last copy of HyperCard was sold by Apple in 2004. "One thing that's changed in the intervening decades is that the hobbyist has largely gone by the wayside. Now you're either a user or a full-fledged developer, and the gulf is wider than ever," writes Peter Cohen. "There's really nothing like it today, and I think the Mac is lesser for it."