Elon Musk has decided to create his own chips for artificial intelligence for his Tesla vehicles. He also claimed at the machine learning conference NIPS that Tesla cars will be able to drive safer than humans in two years, and 10 times safer in three years. These are bold claims, and sure excited a bunch of experts at the conference. And given Musk’s track record, they are most likely truthful claims too. Self-driving cars are definitely coming, and will save a lot of lives and prevent injuries.
Amazon Prime Video is now available on the Apple TV. This could be an important moment for Apple and Amazon. What with Amazon preparing a show that is a prequel to The Lord of the Rings trilogy, Amazon will get some paying customers out of the Apple users, who have a good amount of disposable income. It will also allow Apple to have a more fully formed TV offering for its users.
Niantic is preparing to release a new AR game based on “Harry Potter”. Niantic is the same company that created the “Pokemon Go” game for smartphones and tablets. This Harry Potter game will be huge. AR is definitely going to create whole new experiences for users!
Niantic also recently raised $200 million in funding to help it create more special experiences! This company is on a roll. I can’t wait to see this Harry Potter game and the other games they create.
AR (Augmented Reality) is going to explode is usage in the coming years. Having useful uses for AR is a killer feature. For example, Ikea has an app for checking out how an Ikea piece of furniture will look in a room. This type of app will win over more than the millions of fans of Harry Potter (myself included!).
If it wasn’t clear until now that there is a bubble in the tech industry, it is very clear now. Snap Inc.’s shares soared in its initial public offering by almost 50 per cent. This is crazy stuff from a company that Mark Zuckerberg is increasingly trying to emulate with its disappearing messages feature. The only thing that is uncertain is what will happen to this bubble. Will it deflate gradually or burst suddenly? It’s impossible to know but I guess that it will be on a downward trajectory of some kind at some point anyhow. Markets will be markets but what will be more interesting is how Snap Inc.’s hope of growing and changing the company will play out.
The court judgement of ZeniMax getting $500m dollars for their lawsuit against Oculus will not take Oculus’s product down from the shelves, which is a great thing for the wider VR industry. That ZeniMax won this suit was interesting. It highlights that malpractice is still a part of the entrepreneurial DNA of Silicon Valley (hey, if you want to fulfil your dreams, sometimes you got to fight dirty).
Microsoft are investing $1 billion into security. This is a very good move. Microsoft are doing very well at present. The focus on cloud computing has been a marvellous strategy, and this investment will help it offer a robust and secure cloud and enterprise offering.
The company has also diversified into mobile with its own suite of mobile apps and premium hardware, with its own computers. Its mobile strategy has been paying off big time, but I still am a bit reticent to praise its hardware efforts. It still feels like a mistake to try to take on Apple and other companies in the hardware stakes, though if they get a little success it may be worth it.
What next for the world,
What next for us?
What next for the world,
Is it written on a bus?
What next for the world,
What next for the good?
What next for the bad,
What will happen –
Is it time for us to live the future free?
Tesla is right to have major hardware revisions every 12 to 18 months. This allows Tesla to innovate faster than the competition. They really seem to be thinking like Apple with its smartphones. Innovation is the name of the game when it comes to making their vehicles desirable from premium customers; they have to be ahead of the times, not just at pace with the times.
The effect of technology on future employment, as highlighted by business leaders at Davos, is profound. More and more software, computers and robots will be replacing human workers, and some of it has already happened (think the lack of as many human cashiers in supermarkets).
One answer to the increased joblessness and lack of expendable income is a “spending wage” for citizens for doing no work at all. This would stimulate the economy by allowing people to purchase consumer goods, though it may not solve the self-esteem issue of people not feeling that they have a purpose in life, or that they at least have a diminished purpose in life.
Forget what people have said about multinational corporations coming to Ireland only in order to pay our very low tax rate. It’s hogwash. Those companies could go to many, many different countries to avail of low taxes. The real reasons why they have chosen Ireland as their destination is because Ireland is geographically close to the Europe, it is a member of the EU, it has a highly qualified, skilled workforce, its people speak fluent English, it doesn’t have a lot of red tape so it’s fast and easy to set up shop there, it’s a peaceful country so it’s very stable, politically it is also very stable and that doesn’t look like changing. Having a low tax environment is quite helpful for the company to maximise its profits also, but it’s nowhere near the be-all and end-all.
We can be very cynical and negative and display all the signs of an inferiority complex when it comes to evaluating our country, but Ireland’s success is justified only partly by happenstance (such as the fact that we speak English), and partly by visionary planning by the IDA (where they decades ago to focus on technology and pharmaceuticals as two growth industries the IDA should attempt to woo in order to get a lot of investment into the country).
Ireland has been a success story in many ways, and it’s healthy to celebrate that. It may be a relatively small island with a small population, but – to use the cliché – it really does punch above its weight. Most multinationals investing in Ireland are, of course, American, and perhaps there is something to the fact that Irish people make up a proportion of the US population, so they may go with a country for the European market whose culture they understand.