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News You Can Use: 7/3/2019


Photo by Abbie Bernet on Unsplash

  • Transitioning From Solopreneur to a Team Leader

    Additionally, self-awareness is the key to entrepreneurial success. For starters, it helps you realize your strengths and weaknesses. Knowing this allows you to surround yourself with the right people. Ideally, they complement your strengths and pick up the slack in your weaker areas.

    Furthermore, being self-aware can assist you in aligning the strength of your team to the business. It guides you in developing your authentic brand and will aid you in making faster and more efficient decisions. Self-awareness reveals you to you — and helps you keep your emotions in check.

    https://www.entrepreneur.com/article/335357

  • The DO MORE mindset is ruining the planet
  • I used to believe in hustle porn, and now I think it’s the antithesis of the American Dream

    But something has happened in recent years to our idea of a good work ethic in this country. Alexis Ohanian, founder of Reddit, dubbed it “hustle porn.” At a November 2018 web summit in Lisbon, he said, “This idea that unless you are suffering, grinding, working every hour of every day, you’re not working hard enough . . . this is one of the most toxic and dangerous things in tech right now.”
    **
    There is nobility in hard work no matter the profession. One should take pride in a job well done. But we shouldn’t encourage a culture that is all work and no play. We shouldn’t equate liberty with exhaustion, and we shouldn’t worship at the altar of professional achievement and money.

    We need corporate leaders to build cultures that embrace the values on which our country was founded. I’m talking a culture that values excellence and keeps work in its rightful place, but also encourages employees to tend to their own mental, emotional, physical, and spiritual health. I’m talking about a culture that trusts that employees will be more productive when they take care of themselves first.

    https://www.fastcompany.com/90366162/hustle-porn-and-the-american-dream

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Supplier Report: 6/28/2019


Photo by Craig Sybert on Unsplash

Automation and artificial intelligence will likely change the world, for both good and bad.

The dark side of automation is making itself known through robocalls. We all get them, including hospitals. Many help lines are getting clogged with robocalls which are preventing people with urgent care needs from getting through.

Meanwhile, Oracle is on a roller-coaster ride this month. Their financials are up, but people are calling out financial engineering due to $36B in stock buy back.

Acquisitions/Investments

  • Blue Prism acquires UK’s Thoughtonomy for up to $100M to expand its RPA platform with more AI

    Blue Prism, which helped coin the term RPA when it was founded back in 2001, has announced that it is buying Thoughtonomy, which has built a cloud-based AI engine that delivers RPA-based solutions on a SaaS framework. Blue Prism is publicly traded on the London Stock Exchange — where its market cap is around £1.3 billion ($1.6 billion), and in a statement to the market alongside its half-year earnings, it said it would be paying up to £80 million ($100 million) for the firm.

    The deal is coming in a combination of cash and stock: £12.5 million payable on completion of the deal, £23 million in shares payable on completion of the deal, up to £20 million payable a year after the deal closes, up to £4.5 million in cash after 18 months, and a final £20 million on the second anniversary of the deal closing, in shares. Thoughtonomy had never raised outside funding, although that was not for lack of interest.

    https://techcrunch.com/2019/06/18/blue-prism-acquires-uks-thoughtonomy-for-up-to-100m-to-expand-its-rpa-platform-with-more-ai/

Artificial Intelligence

  • Microsoft PowerPoint gets an AI presentation coach

    Microsoft’s AI can’t tell you if your jokes will land, of course, but the new coaching feature gives you real-time feedback on your pacing, for example, tells you whether you are using inclusive language and how many filler words you use. It also makes sure that you don’t commit the greatest sin of presenting: just reading the slides.

    After your rehearsal session, PowerPoint will show you a dashboard with a summary of your performance and what to focus on to improve your skills.

    https://techcrunch.com/2019/06/18/microsofts-powerpoint-will-use-ai-to-make-you-a-better-public-speaker/

Security/Privacy

  • Robocalls are overwhelming hospitals and patients, threatening a new kind of health crisis

    “These calls to health-care institutions and patients are extremely dangerous to the public health and patient privacy,” said Rep. Frank Pallone Jr. (N.J.), the Democratic chairman of the House Energy and Commerce Committee, who has put forward legislation to try to clamp down on robocalls. “The FCC and Justice Department need to go after these criminals with the seriousness and urgency this issue deserves.”

    The absence of immediate relief spells particular trouble for medical professionals. Scammers often adopt a technique known as spoofing to cover their tracks, a practice that results in people receiving calls from numbers that look similar to their own. For a hospital, that often can mean calls appear to come from local area codes, tricking health care workers into thinking it’s a nearby patient in need of care.

    https://www.washingtonpost.com/technology/2019/06/17/robocalls-are-overwhelming-hospitals-patients-threatening-new-kind-health-crisis/?utm_term=.3184fc47f8f7

  • Your used Nest camera could be spying on you

    A member of the Facebook Wink Users Group discovered that after selling his Nest cam, he was still able to access images from his old camera—except it wasn’t a feed of his property. Instead, he was tapping into the feed of the new owner, via his Wink account. As the original owner, he had connected the Nest Cam to his Wink smart-home hub, and somehow, even after he reset it, the connection continued.

    We decided to test this ourselves and found that, as it happened for the person on Facebook, images from our decommissioned Nest Cam Indoor were still viewable via a previously linked Wink hub account—although instead of a video stream, it was a series of still images snapped every several seconds.

    https://www.fastcompany.com/90366910/your-used-nest-camera-could-be-spying-on-you

Software/SaaS

  • Oracle shares rise on bullish earnings report

    Good numbers: Oracle Corp. shares rose 7.5% to $56.63 Thursday after the business software maker reported a bigger-than-expected 14% rise in quarterly profit driven by growth in its cloud services and license-support business. The shares closed Friday at $56.12.

    http://www.startribune.com/market-recap-oracle-shares-rise-on-bullish-earnings-report/511662182/
    Oracle investors breathe a sigh of relief on rising sales

    “We are focused on our star products and our star products are now driving the top line higher,” Ellison said on the call. “We have these other businesses that are melting away and we just don’t care.”

    Cloud licence and on-premise licence sales increased 12 per cent to US$2.52 billion, suggesting that Oracle is doing a good job of signing on new customers. The company said that revenue from NetSuite grew 32 per cent, and Fusion HR and financial suites gained by the same amount.

    https://www.businesstimes.com.sg/technology/oracle-investors-breathe-a-sigh-of-relief-on-rising-sales
    Oracle spent $36 billion in one year buying its own stock back, and it raises some uncomfortable questions about how it’s spending its cash

    For example, in contrast to the $36 billion spent on stock buybacks, Oracle spent $1.66 billion on capital expenditures in 2019, down from the $1.73 billion it spent in 2018.

    Remember, Oracle is trying to build itself into a cloud computing giant to take on the likes of mighty Amazon Web Services and, more importantly, keep itself relevant in an age where its customers want the cloud.

    https://www.businessinsider.com/oracle-stock-buybacks-growth-cloud-investors-2019-6
    The New Oracle Looks Like the Old IBM

    Oracle is an aging tech company that lacks real growth engines and repeatedly props up its earnings with buybacks. It’s stuck in the same downward spiral as IBM used to be, and it lacks the motivation of IBM under Ginni Rometty to break the cycle. Therefore, I’d avoid Oracle and stick with stronger tech companies — like Amazon or Microsoft — even though they trade at higher valuations.

    https://www.fool.com/investing/2019/06/20/the-new-oracle-looks-like-the-old-ibm.aspx

Other

  • IBM CIO Focuses on User Experience to Keep Staff Happy

    New employees expect that the IT services they use at work will be as good as or better than the technology they use at home, he said. To be competitive and attract talent, “we have to create an environment where talented engineers want to work,” he added.

    To that end, Mr. Previn and the design team have created new ways for employees to get and set up new devices. Device provisioning, or the act of assigning employees laptops, desktops and mobile phones with the appropriate encryption, email and productivity software, can be costly and time-consuming for IT departments.

    Mr. Previn’s user-research team oversaw a monthslong project in which they observed how much friction was involved for employees setting up their laptops. Many of the steps are now automated and cloud-based, similar to the way a consumer would be able to set up a device out of the box. “That’s materially different from an experience standpoint,” Mr. Previn said.

    https://www.wsj.com/articles/ibm-cio-focuses-on-user-experience-to-keep-staff-happy-11560984488

Posted on

News You Can Use: 6/26/2019


Photo by Ümit Yıldırım on Unsplash

  • To Take Down Big Tech, They First Need to Reinvent the Law

    For decades, antitrust regulation has been overwhelmingly focused on the welfare of the consumer. No cost to the consumer, no problem. That opened the door for Google, Facebook, Apple and Amazon — which offered digital services that were cheap or free — to become immensely profitable and powerful.

    Now a backlash is mounting as renegade scholars try to reverse years of established doctrine that they say does not appropriately take the clout of those companies into account. Economic absolutism is making way for other considerations as antitrust goes back to its roots.

    https://www.nytimes.com/2019/06/20/technology/tech-giants-antitrust-law.html

  • GDPR Has Been a Boon for Google and Facebook

    The rules have also made it harder for third parties to collect lucrative personal information like location data in Europe to target ads. This gives the tech giants another advantage: They have direct relationships with consumers that use their products, allowing them to ask for consent directly from a much larger pool of individuals.

    “GDPR has tended to hand power to the big platforms because they have the ability to collect and process the data,” says Mark Read, CEO of advertising giant WPP PLC. It has “entrenched the interests of the incumbent, and made it harder for smaller ad-tech companies, who ironically tend to be European.”

    https://www.wsj.com/articles/gdpr-has-been-a-boon-for-google-and-facebook-11560789219

  • Why a great education means engaging with controversy
  • How 13 Became the Internet’s Age of Adulthood

    In his initial bill, then-Rep. Markey said a child was someone under 16. But there was pushback from e-commerce companies about cutting off their access to this lucrative market. Those companies found an unlikely ally in civil liberties groups.

    The fear: Requiring teens to obtain parental permission might curtail their ability to access information about birth control and abortion, or resources for getting help in abusive situations, according to Kathryn Montgomery, who ran the Center for Media Education, the group that had nudged the FTC to investigate kids’ sites in the first place. “I agreed that those were concerns,” she said.

    https://www.wsj.com/articles/how-13-became-the-internets-age-of-adulthood-11560850201

Posted on

News You Can Use: 6/19/2019


Photo by Peter Secan on Unsplash

  • Does Amazon Really Pay No Taxes? Here’s the Complicated Answer

    So is Amazon getting a $129 million refund?
    Not necessarily. There are indications Amazon paid little or no federal income taxes for 2018. Its federal net operating loss carryforwards—accumulated losses that offset future taxable income—rose to $627 million at the end of 2018 from $226 million a year earlier, according to securities filings. Its federal tax credit carryforward—accumulated credits that offset future taxes—rose to $1.4 billion from $855 million, largely because of the research-and-development credit.

    Those are signals that Amazon accumulated losses and tax credits faster than it generated income and tax liability. The law lets carryforwards smooth tax payments across business cycles and a company’s lifespan.

    “Because we are in a low-margin industry and invest in innovation and infrastructure, we don’t make as much pretax profit as other tech companies, so our taxes are lower,” Amazon said in a statement.

    https://www.wsj.com/articles/does-amazon-really-pay-no-taxes-heres-the-complicated-answer-11560504602

  • Is It a Good Idea to Be Friends With Your Employees? This Entrepreneur Says Yes
  • Determine if a Hot Dog Is a Sandwich With the Cube Rule
    There are legitimate tax conversations around a variety of different sandwich-like foods, and the entire conversation is insane:

    Things start off reasonably enough—a single starch at the base makes a food “toast,” an additional starch on top makes something a sandwich, and a base plus two parallel walls means you’re dealing with a taco (which means a hot dog is a taco). But then you get to the fourth image, and you realize this chart is trying to classify an enchilada as “sushi.” Things get even crazier (and intentionally contradictory) if you go to cuberule.com, where they list nigiri sushi (a piece of raw fish on top of rice) as “toast.” It’s almost as if this rule wasn’t meant to be helpful.

    Verdict: The cube rule is wack in terms of identifying foods, but it’s a hack in that it identifies the utter futility of trying to fit things into neat little boxes (or cubes). Being technically correct isn’t always useful, and pedantry very rarely wins one any friends. Just as you would never suggest going out for enchiladas to satisfy a sushi craving, you probably wouldn’t suggest hot dogs if someone said they were in the mood for a sandwich. It doesn’t matter if a hot dog is a sandwich; a hot dog is good. And that, I think, is all we need to know.

    https://skillet.lifehacker.com/determine-if-a-hot-dog-is-a-sandwich-with-the-cube-rule-1835581739