TOKYO: Barely six months after inaugurating a tiny software-coding boot camp in a basement in Tokyo, Silicon Valley transplant Kani Munidasa stood before some of Japan's top business leaders in February with a warning: software was threatening their future.A Sri Lankan native with a Japanese mother and wife, Munidasa was speaking at the invitation of Nobuyuki Idei, a former chief executive of Sony Corp.Idei had offered to become an adviser to the boot camp, called Code Chrysalis, whose mission of bringing Japan's software engineering up to global standards and helping its companies transform aligned with his own."Idei-san told me, 'Tell it as it is; don't sugar-coat anything. They need to hear that change has to happen,'" Munidasa said, recalling how he showed up at the executives' meeting in a T-shirt and hoodie.Long known as a "monozukuri" - or manufacturing - powerhouse, Japan is in danger of getting left behind as artificial intelligence, robotics, and machine learning sweep … [Read more...] about Silicon Valley-style coding boot camp seeks to reset Japan Inc
Quantum valley investments
caption Steve Case, center, emerges from the big red bus that carries him and a team of investors through the “Rise of the Rest” tour. source Revolution AOL’s billionaire cofounder Steve Case runs the DC-based venture capital firm Revolution. Case is convinced that the future of American startups lies outside of Silicon Valley, New York City, and Boston, which receive 75% of all venture capital in the US. Since 2014, he has gone on seven “Rise of the Rest” bus tours to encourage entrepreneurship across the country, for a total of 38 cities outside of the three main VC centers. Late last year, he launched the $150 million Rise of the Rest Seed Fund and put “Hillbilly Elegy” author and former Valley investor JD Vance in charge. It includes limited partners like Amazon’s Jeff Bezos and Bridgewater’s Ray Dalio. While the … [Read more...] about AOL cofounder Steve Case is betting $150 million that the future of startups isn’t in Silicon Valley or New York, but the money isn’t what’s making his prediction come true
By Alex Boutilier Ottawa Bureau Mon., May 14, 2018 OTTAWA–Justin Trudeau stood in the old Canada Post office in Vancouver to take part in Amazon’s announcement. The prime minister needed some good news in British Columbia, where he was facing heat for supporting the Trans Mountain pipeline. So when the massive online retailer revealed in April that it was bringing 3,000 new high-tech jobs to the lower mainland, it was a happy coincidence. “There are many reasons industry giants like Amazon choose to settle and grow in Canada,” Trudeau told the crowd. “Our workforce is highly educated, skilled, and diverse. Folks across the country are ready to take on the jobs of tomorrow, and help companies like (Amazon) shape the future. A future where innovation drives economic growth and helps improve the lives of middle-class Canadians and people working hard to join it.” Away from the podium, the narrative around Amazon was slightly … [Read more...] about Is Ottawa’s honeymoon with Silicon Valley coming to an end?
Google cofounder Sergei Brin wrote Alphabet’s 2017 annual Founders Letter. Brin said artificial intelligence advances represent the most significant computing development in his lifetime. But he warned that tech companies have a responsbility to consider the impact of their advances on society, a chage in tone. Sergei Brin, the cof0under of Google, stressed the need for caution, accountability and humility within the tech industry as its innovations become “deeply and irrevocably” ingrained in society, a striking shift in tone among a leader of the Silicon Valley business cohort famous for its certitude of its own righteousness. In the annual founders letter released by Google-parent company Alphabet, Brin touted the far-reaching innovations in artificial intelligence, computing power and speech recognition in recent years. “Every month, there are stunning new applications and … [Read more...] about Sergei Brin: Silicon Valley has outgrown the time of being ‘wide-eyed and idealistic’ about tech and needs to show ‘responsibility, care and humility’
The investment makes SCB the first bank in Southeast Asia to actively engage with quantum technology and its applications in financial services. The bank’s first executive vice president and chief strategy officer Arak Sutivong said that SCB’s investment in 1QBit reflects the strategic importance its place on learning from bleeding-edge technologies that could have vast and profound impact on a variety of industries, including financial services. “In the near term, we expect our investment in 1QBit and quantum and quantum-inspired computing to have tangible influence on our business through advancements in portfolio optimisation, wealth management, risk management, and cyber security. Over the long term, quantum computing forms a core part of SCB’s investment strategy to identify fundamental technologies with the potential to reshape our industry from the ground up.” said Arak. … [Read more...] about SCB Subsidiary engages quantum tech