By William Boston The Wall Street Journal Sean McLain Tues., Oct. 16, 2018 Auto makers, looking to secure their futures in a transportation landscape that is rapidly changing, are increasingly partnering with each other and their would-be rivals in Silicon Valley to pursue new ventures in self-driving cars and other forms of personal mobility. These new alliances have proliferated in recent years, with car makers such as General Motors Co., Toyota Motor Corp. and Daimler AG betting that future growth and profits will come less from building and selling cars and more from developing businesses centered on data, ride-hailing and connected-car services. GM said this month it would partner with Honda Motor Co. to develop a fully automated car. As part of the deal, Honda committed to investing $2.75 billion in GM’s self-driving-car unit GM Cruise LLC over the next 12 years. The investment comes on top of a commitment to Cruise of more than $2 billion from … [Read more...] about Car companies look to each other, Silicon Valley for self-driving ventures
Quantum valley investments
SINGAPORE: The National Research Foundation will invest S$25 million a Quantum Engineering Programme (QEP) to develop quantum technology and devices, Finance Minister Heng Swee Keat announced on Monday (Sep 17)."The QEP will facilitate collaboration between researchers and industry partners ... in domains like communications, sensors, cybersecurity and diagnostic imaging," Mr Heng said at the opening of Singapore Week of Innovation and Technology."I hope that the Quantum Engineering Programme, along with our other programmes in research and innovation, will lead to many exciting breakthroughs."According to Dr Kwek Leong Chuan, Centre for Quantum Technologies in National University Singapore, the programme is meant to help researchers translate research in quantum science and technologies into commercial and industrial products."We ultimately hope that there will be training of engineers, allowing engineers to go into this field," he said. "We have a lot of expertise in … [Read more...] about NRF to invest S$25m in quantum engineering programme
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