Tag: Amazon

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Supplier Report: 5/3/2019

There is good news for Amazon this week with reports that the company is securing BILLIONS of dollars of cloud contracts. Names like Apple, Slack, and Lyft have all recently reported long-term/big-money contracts with the company.

As Amazon’s cloud business continues to dominate and they put more energy into their advertising business – there should be concern with how the company is going to leverage their position for pricing and for privacy.

Additionally, with accusations that Apple is not playing fair with apps that compete with their own services, we have to ask ourselves if companies creating these enormous ecosystems are reliable business partners over the long term.

Acquisitions

  • A $603 Million Deal Sheds Light on Cybersecurity Space

    In a deal that puts a spotlight on the shadowy world of cyberwarfare, Jacobs Engineering Group Inc. agreed to acquire KeyW Holding Corp. for about $603 million, increasing its number of employees with top-secret government access by 50 percent.

    While neither company is a household name, both have deep ties to Washington’s web of cyberintelligence specialists. Jacobs, a Dallas-based engineering firm with more than 80,000 employees, already gets about 23 percent of its $15 billion in annual revenue from the U.S. government. In the past three years, Jacobs has acquired two other cybersecurity firms in the greater Washington area — Reston, Virginia-based Blue Canopy and Columbia, Maryland-based Van Dyke Technology Group Inc.

    https://www.bloomberg.com/news/articles/2019-04-22/a-603-million-deal-sheds-light-on-secretive-cybersecurity-space

Artificial Intelligence

  • IBM’s head of HR says ‘100% of jobs are going to change’ with AI. Here’s how the tech giant is adapting.

    To make it through these market changes, IBM had to assess what skills its workforce had, and what skills it now needed. That’s not an easy feat when you’re a giant, multinational business. Gherson said that the company turned to the technology that was partially responsible for this disruption: AI.

    Instead of having managers work with each of their employees to map out their current skills and then work with other managers to see what skills were still needed, IBM automated the process. Internal software could analyze employees’ work experience and writings to infer what they excelled at. It prompted a cultural shift within the company.

    https://www.businessinsider.com/how-ibm-is-using-artificial-intelligence-to-retrain-workers-2019-4

  • The growing backlash against facial recognition tech

    This month has made clear that public pressure is working when it comes to facial recognition. Behemoth companies know they can no longer ignore the criticisms — or, as they recently did, simply say they’d welcome regulation of this technology. Critics are making clear that’s not good enough — they want to see such companies “get out of the surveillance business altogether,” as the American Civil Liberties Union told Vox.

    Meanwhile, several bills are being considered to limit the use of facial recognition. San Francisco could soon become the first US city to institute an all-out ban on local government use of the tech, if its Stop Secret Surveillance Ordinance passes. Neighboring cities like Oakland and Berkeley have already passed similar but slightly weaker ordinances. (Legislation along these lines was also introduced in the California state Senate, but was quashed after police opposed it.)

    https://www.vox.com/future-perfect/2019/4/27/18518598/ai-facial-recognition-ban-apple-amazon-microsoft

Cloud

  • Amazon’s Profit More Than Doubles on 17% Rise in Sales

    Expenses, however, are expected to jump in the second quarter in part because Amazon said it would invest $800 million to make one-day free shipping the standard for Prime members, instead of two days.

    The e-commerce company’s bottom line got a big boost in the first quarter from its cloud-computing unit and burgeoning advertising business, helping to offset sluggish growth from the core online retail business. The profit more than doubled to well above what analysts were expecting.

    https://www.wsj.com/articles/amazons-profit-more-than-doubles-on-17-rise-in-sales-11556224159

  • Slack to spend at least $250 million on Amazon Web Services over five years — less than Pinterest or Lyft

    Slack said on Friday that it has a hefty commitment to spend money with Amazon Web Services through 2023, though it’s not as big of a customer as other companies to recently go public, such as Lyft and Pinterest.

    In 2018, Slack signed an agreement with AWS to spend at least $50 million a year over five years, for a total of at least $250 million, according to the company’s filing with the SEC for a public stock listing. As of Jan. 31, the contract has a remaining minimum payment of $212.5 million. Slack said it uses AWS, the leading public cloud vendor, “as our processing and delivery infrastructure.”

    https://www.cnbc.com/2019/04/26/slack-to-spend-at-least-250-million-on-aws-over-five-years.html

  • Apple Is Heavily Reliant on Amazon Web Services

    Apple has previously mentioned that it uses Amazon’s AWS (Amazon Web Services) for its iCloud storage. It could also be using Amazon’s cloud service for some of its other services.

    According to CNBC, this expenditure is likely to continue for the foreseeable future. According to the report, Apple has signed an agreement committing to spending a minimum of $1.5 billion on AWS over the next five years.

    Many other companies are also heavily reliant on Amazon’s cloud service. According to CNBC, Lyft has an agreement worth over $300 million with AWS to power its service until the end of 2021.

    https://articles.marketrealist.com/2019/04/apple-is-heavily-reliant-on-amazon-web-services/

Security

  • Managing Risk in Light of the Wipro Data Breach

    Wipro, the Bengaluru, India-based ITO and BPO services provider, confirmed on Tuesday, April 16th, that it fell victim to a data breach—specifically, an advanced and persistent “zero-day” malware attack. The attack may have begun in March as a phishing incident (an unauthorized attempt to access a target’s information systems, usually via fraudulent emails or other communication) involving one Wipro employee, and it has apparently led to a broader infiltration of Wipro’s email systems.

    Initial reports have indicated that the attack may have impacted more than a dozen of Wipro’s customers, but the ongoing investigation has yet to uncover whether, and to what extent, those customers’ data are at risk.

    https://www.pillsburylaw.com/en/news-and-insights/managing-risk-in-light-of-the-wipro-data-breach.html

Software/SaaS

  • Apple accused of clamping down on apps competing with Screen Time

    The introduction of Screen Time in iOS 12 was ostensibly a boon for parents and anyone else wanting to keep a lid on device use, but there are concerns that it’s cracking down on apps that compete with that feature. The New York Times and Sensor Tower have learned that Apple has either pulled or requested feature limitations for “at least” 11 of the 17 most popular parental control and screen time apps, and leaders at those developers claim it’s trying to discourage apps that rival Screen Time’s functionality. The creators of two apps, Kidslox and Qustodio, filed an EU competition complaint on April 25th.

    https://www.engadget.com/2019/04/27/apple-clamp-down-on-screen-time-apps/

Infrastructure/Hardware

  • Samsung reportedly pushes back Galaxy Fold release

    Samsung is pushing things back a bit, according to a report from The Wall Street Journal that cites “people familiar with the matter.”

    There’s no firm time frame for the launch, though the phone is still expected “in the coming weeks,” at some point in May. We’ve reached out to Samsung for comment and will update accordingly. When a number a reviewers reported malfunctioning displays among an extremely small sample size, that no doubt gave the company pause.

    https://techcrunch.com/2019/04/22/samsung-reportedly-pushes-back-galaxy-fold-launch/

  • Turnover Hits Apple’s Famed Industrial Design Team

    Rico Zorkendorfer and Daniele De Iuliis, who together have more than 35 years of experience at Apple, decided to leave the company recently, people familiar with the departures said. Another member of the team with a decade of experience, Julian Hönig, plans to leave in the coming months, people familiar with his plans said.

    The departures of members of the core design team that revived Apple in the 2000s and did the work behind the iPhone, iPad and watch come amid a pause in new products, as the company emphasizes new subscription services this year instead of new gadgets amid slowing iPhone sales. It also follows chief designer Jony Ive’s resumption a little over a year ago of day-to-day oversight for the industrial design group.

    https://www.wsj.com/articles/turnover-hits-apples-famed-industrial-design-team-11556225563

  • Comcast Is Surviving Big Media’s Horror Flick

    While the company is losing cable subscribers as consumers cut the cord, it also is winning over more internet customers in need of high-speed connections to fuel their entertainment binge.

    In other words, the grim reaper comes bearing unexpected gifts.

    This dynamic was visible in Comcast’s first-quarter results. On Thursday it reported earnings of 77 cents a share, up from 66 cents a share in the same period last year, beating estimates of 68 cents a share. Revenue rose 18% to $26.86 billion, thanks partly to the company’s recent acquisition of Sky, the European pay-TV giant. It also was boosted by a 10% rise in Comcast’s high-speed internet revenue. The company said it added 375,000 customers in the period.

    https://www.wsj.com/articles/comcast-is-surviving-big-medias-horror-flick-11556215034

Other

  • Google Walkout Organizers Say They’re Facing Retaliation

    Claire Stapleton, another walkout organizer and a 12-year veteran of the company, said in the email that two months after the protest she was told she would be demoted from her role as marketing manager at YouTube and lose half her reports. After escalating the issue to human resources, she said she faced further retaliation. “My manager started ignoring me, my work was given to other people, and I was told to go on medical leave, even though I’m not sick,” Stapleton wrote. After she hired a lawyer; the company conducted an investigation and seemed to reverse her demotion. “While my work has been restored, the environment remains hostile and I consider quitting nearly every day,” she wrote.

    https://www.wired.com/story/google-walkout-organizers-say-theyre-facing-retaliation/

  • Microsoft has become the third US company to achieve a trillion-dollar valuation

    Microsoft revealed double-digit growth in its third-quarter financial results on Wednesday (April 24). Revenues grew by 14 percent to $30.6 billion, with profits climbing 19 percent to $8.8 billion. What really excited the stock market, however, was the 73 percent increase in revenues from Azure cloud services. This helped drive a five percent rise in Microsoft’s share price to $131.37, finally elevating it into the 13-digit club.

    https://www.zdnet.com/article/microsoft-has-become-the-third-us-company-to-achieve-a-trillion-dollar-valuation-albeit-briefly/

  • Elon Musk, SEC agree to guidelines on Twitter use

    Musk can tweet as he wishes except when it’s about certain events or financial milestones. In those cases, Musk must seek pre-approval from a securities lawyer, according to the agreement filed with Manhattan federal court.

    U.S. District Judge Alison Nathan, the presiding judge on this matter, must still approve the deal. Nathan had given the SEC and Musk two weeks to work out their differences and come to a resolution.

    https://techcrunch.com/2019/04/26/elon-musk-sec-agree-to-guidelines-on-twitter-use/

Photo by Sašo Tušar on Unsplash

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Supplier Report: 4/12/2019

Google had a very rough week.

First it was discovered that they lost AI researcher Ian Goodfellow to Apple, who has made a habit of stealing Google’s AI talent of late.

Then the company announced the dissolution of their AI ethics board…after only one week. Some of their board selections received critical feedback both internally and externally.

Finally, Google’s temp labor teams published a letter requesting better treatment. Google responded to these demands by announcing their temporary labor services suppliers will provide better pay and benefits, but the temps say that isn’t enough, as they are looking to be treated with dignity.

Acquisitions

Artificial Intelligence

  • IBM Watson knows when you’re planning to quit your job

    At CNBC’s Work Talent + HR Summit, IBM CEO Ginni Rometty revealed that the company AI has got so adept at detecting employee satisfaction that it’s now in the “95 per cent accuracy range.”

    Rometty wouldn’t be drawn on what data points Watson consults, but Googling the spelling of “curriculum vitae”, alongside extended periods on LinkedIn would be our first clue. Nobody has ever visited LinkedIn recreationally, after all.

    Watson’s “predictive attrition program” is used to retain talent, because as Rometty says, “the best time to get to an employee is before they go.” The company estimates that the early interventions will have saved it nearly $300m in retention costs.

    https://www.theinquirer.net/inquirer/news/3073744/ibm-watson-knows-when-youre-planning-to-quit-your-job

  • What AI Will Do to Corporate Hierarchies

    The obvious answer may be that the management structure is likely to get more centralized and rigid. After all, AI will help managers track more detailed data about everything their subordinates are doing, which should make it easier—and more inviting—to exercise stricter controls.

    This will no doubt be true in some cases. But look more closely, and I believe the opposite is much more likely to happen in many cases. That’s because when AI does the routine tasks, much of the remaining nonroutine work is likely to be done in loose “adhocracies,” ever-shifting groups of people with the combinations of skills needed for whatever problems arise.

    https://www.wsj.com/articles/what-ai-will-do-to-corporate-hierarchies-11554158120

  • Apple has poached another of Google’s top AI researchers

    Ian Goodfellow is one of the most prominent names in artificial intelligence, and previously worked at both Google and the Elon Musk-founded lab OpenAI. But, as first reported by CNBC, Goodfellow recently updated his LinkedIn profile to note that he is now working at Apple as a director for machine learning at the company’s Special Projects group.

    It’s not the first time Apple has used Google as an AI talent incubator, with the iPhonemaker luring away Goodfellow’s former boss, Google’s head of AI, John Giannandrea, last April.

    https://www.theverge.com/2019/4/5/18296473/apple-google-ai-research-poached-ian-goodfellow

  • Google dissolves AI ethics board just one week after forming it

    Google today disclosed that it has dissolved a short-lived, external advisory board designed to monitor its use of artificial intelligence, following a week of controversy regarding the company’s selection of members. The decision, reported first today by Vox, is largely due to outcry over the board’s inclusion of Heritage Foundation president Kay Coles James, a noted conservative figure who has openly espoused anti-LGBTQ rhetoric and, through the Heritage Foundation, fought efforts to extend rights to transgender individuals and to combat climate change.

    The advisory board, called the Advanced Technology External Advisory Council (ATEAC), included a number of prominent academics in fields ranging from AI and philosophy to psychology and robotics. But it also included those with policy backgrounds, like James and members of former US presidential administrations.

    https://www.theverge.com/2019/4/4/18296113/google-ai-ethics-board-ends-controversy-kay-coles-james-heritage-foundation

Cloud

Security

  • Facebook will stop asking new users for their email passwords

    Facebook told Axios that “a very small group of people have the option of entering their email password to verify their account when they sign up for Facebook,” but noted that people could choose instead to confirm their account with a code or link sent to their phone or email.

    “That said, we understand the password verification option isn’t the best way to go about this, so we are going to stop offering it,” the company said in a statement.

    https://www.axios.com/facebook-will-stop-asking-new-users-for-their-email-passwords–355c2e94-793f-47b7-a582-9ee0a4f01ae3.html

Software/SaaS

  • PwC Tests Blockchain for Validating Job Candidates’ Credentials

    If the technology becomes widely used, staffers won’t have to verify a candidate’s credentials by calling universities and previous employers, which can sometimes take weeks, Mr. Cushley said. The challenge, though, will be getting enough schools and companies on board to make blockchain truly valuable for validating credentials, he said.

    https://www.wsj.com/articles/pwc-tests-blockchain-for-validating-job-candidates-credentials-11554324777

  • American Express, SAP Ariba join forces for End-to-End B2B payments

    Sources close to the move claim that American Express, as a network extension partner, will use Ariba Network APIs to allow its virtual Card potentials within the SAP Ariba platform & process to facilitate secure payments, seamless commerce, and easy settlement between businesses on a single platform.

    Moreover, businesses, through the new integration, will have the opportunity to use their current American Express® Corporate Cards to make virtual Card payments, further making it easy for customers to get started without the need to create and maintain a standalone account.

    http://solutionrocket.com/american-express-sap-ariba-join-forces-end-end-b2b-payments/

  • Why Oracle is happy to lose to AWS and MongoDB

    Put another way, how is it that Oracle can be such a miss with developers and yet still print billions of dollars in revenue? I’m guessing Hurd doesn’t care much about developer adoption. He likely doesn’t care that, measured in popularity, Oracle has been in terminal decline for many years, as DB-Engines’ data suggests. In fact, if you look at the database technologies for which developers ask the most questions (indicating production use) on Stack Overflow, only MongoDB and PostgreSQL are booming (of the top-five database technologies).

    No, what Hurd cares about, as he acknowledges in his remarks to CNBC, is the fact that Oracle still controls roughly half of the global database market, worth tens of billions of dollars. Never mind that, as Gartner analyst Merv Adrian has highlighted, Oracle has lost market share every year since 2013, and collectively the old guard relational database players have shed nearly five percentage points.

    https://www.infoworld.com/article/3387123/why-oracle-is-happy-to-lose-to-aws-and-mongodb.html

Infrastructure/Hardware

  • Samsung Expects 60% Decline in First-Quarter Operating Profit

    The world’s largest smartphone and memory chips maker by shipments has felt the economic slowdown acutely. Companies and consumers, hesitant to spend amid the U.S.-China trade fight, according to tech industry executives, have delayed smartphone purchases and moderated investments into areas like data servers.

    Samsung’s results are closely watched because of its dual role as one of the world’s biggest hardware makers and a major supplier of electronics companies—including to rivals such as Apple Inc., which buys displays and chips from the Suwon, South Korea, company.

    https://www.wsj.com/articles/samsung-expects-60-decline-in-first-quarter-operating-profit-11554426661?ns=prod/accounts-wsj

  • Verizon’s 5G network is blazing fast, but it barely exists

    Yesterday, the leading US carrier triumphantly announced the debut of 5G service in “select areas of Chicago and Minneapolis,” and said that “for the first time ever, customers can access a commercial 5G network with the world’s first commercially available 5G-enabled smartphone.” Verizon welcoming customers onto its 5G network came a week earlier than initially planned. Verizon hasn’t said why it abruptly moved things up, but carriers in South Korea also went live with 5G yesterday, so it’s possible the company didn’t want to get beat by its global peers.

    I know you want speed tests, so to get started, yes, Verizon’s 5G data speeds are quite fast compared to what your smartphone can handle right now. I’m hitting between 400 and 600 Mbps on downloads. I can also tell you that, at least in Chicago, this feels like a premature launch, and 5G can be awfully hard to come by. When you do find it, you’ve basically got to stay where you are to see what it’s capable of.

    https://www.theverge.com/2019/4/4/18295600/verizon-5g-network-first-tests-data-speed

Other

  • Jeff Bezos, Amazon C.E.O., and MacKenzie Bezos Finalize Divorce Details

    Mr. Bezos will keep 75 percent of the couple’s Amazon stock and all of their ownership of The Washington Post and the Blue Origin space company, Ms. Bezos wrote. Mr. Bezos will also have “sole voting authority” over Ms. Bezos’ Amazon shares, according to a filing with the Securities and Exchange Commission.

    After the divorce, Ms. Bezos will own roughly 4 percent of Amazon, a stake that was worth almost $36 billion on Thursday. By keeping 75 percent of the couple’s Amazon shares, or about 12 percent of the company, Mr. Bezos will most likely remain the richest person in the world. His remaining stake in the company was worth almost $108 billion on Thursday. (Bill Gates, the second wealthiest, is worth $102 billion, according to Bloomberg.)

    https://www.nytimes.com/2019/04/04/technology/bezos-divorce-mackenzie.html

  • UN says US fears over Huawei’s 5G are politically motivated

    The secretary general of the UN’s internet and telecoms agency has suggested US concerns about 5G networks built using Huawei equipment have more to do with politics and trade, rather than legitimate worries over security. “There is no proof so far,” Houlin Zhao, head of the International Telecommunication Union, said regarding claims about Huawei’s security. He noted it’s in telecoms’ best interests to make sure their infrastructure is secure as they might otherwise feel the wrath of authorities.

    “I would encourage Huawei to be given equal opportunities to bid for business, and during the operational process, if you find anything wrong, then you can charge them and accuse them,” Zhao said, according to Reuters. “But if we don’t have anything then to put them on the blacklist — I think this is not fair.”

    https://www.engadget.com/2019/04/05/un-huawei-5g-network-security-allegations/

  • Google staff condemn treatment of temp workers in ‘historic’ show of solidarity

    TVCs make up 54% of Google’s global workforce, and more than half of the people on the personality team, according to the letter. The TVCs on the personality team sit alongside Google FTEs in offices around the world, but they are employed by a staffing agency on contracts ranging from two to six months at a time.

    On 8 March, about 80% of the TVCs on the team – 34 people – were informed that their contracts were ending ahead of schedule, either on 5 April or, in a few cases, on 31 July, according to the letter.

    The layoffs took place around the globe, starting in Seoul, and hitting London just as TVCs in New York were heading to work.

    “During the process, our managers and the full-time workers on our team were silent,” the letter states. “Google told them that offering support or even thanking us for years of work would make the company legally liable. Our teammates were told to distance themselves from us at the moment when we were most in need – just so that Google could avoid legal responsibility.”

    https://www.theguardian.com/technology/2019/apr/02/google-workers-sign-letter-temp-contractors-protest

  • The EU Is Pissed at Steam for Region-Locking Games

    “Valve believes that the EC’s extension of liability to a platform provider in these circumstances is not supported by applicable law,” he wrote. Lombardi claimed that without the ability to geo-block games in the EU, publishers will have to raise prices in “less affluent regions” to avoid people in more affluent regions buying games there rather than at home. Traditionally, prices on Steam vary from region to region.

    The recipients of the Commission’s objections will now have the opportunity to examine the Commission’s investigation files, respond in writing, and request a hearing. If the Commission concludes that there was an infringement, it could prohibit the alleged conduct and impose a fine of “up to 10% of a company’s annual worldwide turnover.”

    https://motherboard.vice.com/en_us/article/panj7v/the-eu-is-pissed-at-steam-for-region-locking-games

Photo by DJ Johnson on Unsplash

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News You Can Use: 3/27/2019

  • Workplace tracking is growing fast. Most workers don’t seem very concerned

    The single area that worries watchdogs the most is, perhaps, wellness. A majority of large companies and a significant percentage of smaller ones have programs today that, in the name of encouraging their workers to be in good physical and mental shape, seek out personal health information. This can include questions about whether workers are anxious or depressed, drink alcohol or use drugs, or take medication.

    The Americans with Disabilities Act and the Genetic Information Nondiscrimination Act are supposed to ensure that an employee’s sensitive details are held close. Yet there are gaps in these laws, experts say, and companies may not always adhere strictly to the regulations that are on the books.

    https://www.fastcompany.com/90318167/workplace-tracking-is-growing-fast-most-workers-dont-seem-very-concerned

  • Amazon is aggressively blocking ads for unprofitable products as part of a plan to bolster its bottom line

    In recent months, Amazon has been telling more vendors, or brand owners who sell their goods wholesale, that if Amazon can’t sell those products to consumers at a profit, it won’t let them pay to promote the items. For example, if a $5 water bottle costs Amazon that amount to store, pack and ship, the maker of the water bottle won’t be allowed to advertise it.

    The added stringency, which CNBC learned of from conversations with vendors and emails they received from Amazon as well as from outside experts, reflects a broader push to squeeze earnings out of a historically low-margin business. In its most recent quarter, Amazon posted $3 billion in net income, the highest in company history, while profit for the full year more than more than tripled to $10 billion.

    https://www.cnbc.com/2019/03/20/amazon-aggressively-suspending-ads-of-unprofitable-products-as-focus-on-the-bottom-line-grows.html

  • The colossal problem with universal basic income
  • No sleep, no sex, no life: tech workers in China’s Silicon Valley face burnout before they reach 30

    “One thing Chinese founders or unicorns haven’t figured out is how to become a sustainable business. If you continue those [long hours] for 10 years, people will have no personal life any more, they will have no kids, they will go crazy,” Wingender said.

    Yang is pondering what comes next. With more than 10 years of experience, he now holds a mid-level position at a top-tier internet company but has reached a career ceiling. He compares himself to a construction worker, who can earn good money due to high work intensity but can easily be replaced by younger, cheaper labour.

    https://www.scmp.com/tech/apps-social/article/3002533/no-sleep-no-sex-no-life-tech-workers-chinas-silicon-valley-face

  • The New Social Network That Isn’t New at All

    Newsletters could be a more reliable means of increasing readership for major publishers whose relationships with social networks have soured. Remember when Facebook moved away from promoting videos on the platform? Or when it decided to show more posts from friends and family, and de-emphasize content from publishers and brands? With every shift, big media companies had to adjust.

    Also

    “You don’t have to fight an algorithm to reach your audience,” Casey Newton, a journalist who writes The Interface, a daily newsletter for the technology news site The Verge, told me. “With newsletters, we can rebuild all of the direct connections to people we lost when the social web came along.”

    It can be more than just a creative endeavor: Newsletters can make a fine one-person business. Writers can charge readers to a monthly fee for their newsletters. Substack takes a cut of that fee; Revue charges writers using a tiered-pricing system based on the size of newsletter’s subscriber base.

    https://www.nytimes.com/2019/03/19/technology/new-social-network-email-newsletter.html

Photo by Zdeněk Macháček on Unsplash

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Supplier Report: 3/8/2019

Amazon was all over the news this week. There is still fall out from the company’s decision to pull back from NYC, there are grumblings about Bezos’ divorce impacting operations (and ownership), and they announced they are opening grocery stores… separate from the Whole Foods brand.

Meanwhile, Microsoft is introducing some very cool Excel scanning technology and Google is optimizing wind energy in their data-centers.

Acquisitions

  • Web Content-Recommendation Firm Outbrain to Acquire Native-Ad Specialist

    New York-based Outbrain has agreed to purchase the Cologne, Germany-based firm, in an all-stock transaction. The deal’s financial terms weren’t disclosed.

    The acquisition, which Outbrain says is its largest ever, is meant to help the company capture more of the market for native advertising, or ads that mimic the look and feel of the content around them. Ligatus operates a so-called supply-side platform that helps publishers sell native ads.

    Companies like Outbrain, whose recommendations often appear at the bottom of news articles, have faced criticism for promoting low-quality content.

    https://www.wsj.com/articles/web-content-recommendation-firm-outbrain-to-acquire-native-ad-specialist-11551177120

Artificial Intelligence

  • Machine learning can boost the value of wind energy

    Using a neural network trained on widely available weather forecasts and historical turbine data, we configured the DeepMind system to predict wind power output 36 hours ahead of actual generation. Based on these predictions, our model recommends how to make optimal hourly delivery commitments to the power grid a full day in advance. This is important, because energy sources that can be scheduled (i.e. can deliver a set amount of electricity at a set time) are often more valuable to the grid.

    Although we continue to refine our algorithm, our use of machine learning across our wind farms has produced positive results. To date, machine learning has boosted the value of our wind energy by roughly 20 percent, compared to the baseline scenario of no time-based commitments to the grid.

    https://www.blog.google/technology/ai/machine-learning-can-boost-value-wind-energy/

Cloud

  • Lyft has to pay Amazon’s cloud at least $8 million a month until the end of 2021

    Buried in there is the revelation that Lyft is contractually obligated to pay at least $300 million to Amazon Web Services (AWS), Amazon’s market-leading cloud-computing business, between January 2019 and December 2021. Some quick napkin math shows that — depending on when exactly the contract began in January 2019 and ends in December 2021 — Lyft is committed to spending between $8.33 million and $8.57 million a month on AWS, which hosts its entire app and platform.

    Notably, Lyft said that if its usage of Amazon’s cloud doesn’t hit or exceed that $300 million threshold, it’ll have to pay the difference. Lyft committed to spending at least $80 million in each of the three years of the deal, with the stipulation that it will spend $300 million in aggregate overall.

    https://www.businessinsider.com/lyft-ipo-amazon-web-services-2019-3

  • AWS chief Andy Jassy says it’s ‘really easy to cut prices’

    “It’s actually really easy to lower prices,” Jassy told Jim Cramer on CNBC’s “Mad Money” on Thursday. “It’s much harder to be able to afford to lower prices.” In the past decade, AWS has cut prices 70 times, he said.

    Other key areas where Amazon tries to stay ahead of the competition include geographic reach and the variety of tools that are available.

    “We’re much more focused on the long term than most companies,” Jassy said. “We are trying to build a business and a set of customer relationships that outlasts all of us. And as such, we think if we help our customers get more done and are successful on their own, even if it means lower margin percentages, over time we’ll drive more absolute margin dollars, and they’ll be more successful, and we’ll ultimately be more relevant.”

    https://www.cnbc.com/2019/02/28/aws-ceo-andy-jassy-its-really-easy-to-lower-prices.html

    Hey Andy – tell that to Lyft

Software/SaaS

  • Microsoft Excel will now let you snap a picture of a spreadsheet and import it

    Microsoft is adding a very useful feature to its Excel mobile apps for iOS and Android. It allows Excel users to take a photo of a printed data table and convert it into a fully editable table in the app. This feature is rolling out initially in the Android Excel app, before making its way to iOS soon. Microsoft is using artificial intelligence to implement this feature, with image recognition so that Excel users don’t have to manually input hardcopy data. The feature will be available to Microsoft 365 users.

    https://www.theverge.com/2019/3/1/18246429/microsoft-excel-covert-photos-data-tables-editable-table-ai-feature

  • Warren Buffett says he ditched his stake in Oracle because of his experience getting burned by IBM

    “[Cofounder and CTO] Larry Ellison’s done a fantastic job with Oracle. I mean I’ve followed it from the standpoint of reading about it. But I felt like I didn’t understand the business,”

    “Then, after I started buying it, I felt I still didn’t understand the business. I actually changed my mind in terms of understand and not in terms of evaluating it. I think, I mean, Oracle is a great business. But I don’t think, particularly after my experience with IBM, I don’t think I understand exactly where the cloud is going.

    “You know, I’ve been amazed at what Amazon has done there. And now Microsoft is doing it as well. So I don’t know where that game is going.”

    https://www.businessinsider.com/warren-buffett-oracle-ibm-2019-2

  • Accenture Works With Mastercard, Amazon to Boost Circular Supply Chain Using DLT

    Within the announced initiative, Accenture is collaborating with major global companies including cloud computing firm Amazon Web Services, blockchain supply chain firm Everledger, international development organization Mercy Corps and multinational financial services corporation Mastercard.

    According to the release, the new blockchain-enabled circular supply chain capability will allow customers to identify small-scale suppliers and growers on the supply chain and make rewards by using direct payments.

    Additionally, the new capability is designed to provide better management of inventory and waste elimination, transparency across the supply chain and authenticity of products.

    https://cointelegraph.com/news/accenture-works-with-mastercard-amazon-to-boost-circular-supply-chain-using-dlt

Datacenter/Hardware

  • HP Sales Rise, but Fall Short of Estimates

    HP Inc.’s sales missed Wall Street targets in the most recent quarter, weighed down by the weaker-than-expected sales of printing supplies to commercial customers. Revenue from the printing segment, which includes the supplies business, fell to $5.06 billion from $5.08 billion a year earlier.

    Meanwhile, sales in the personal-systems segment, which includes its PC business, rose 2.3% to $9.66 billion, also missing analysts’ expectations. Total units sold fell 3% from the year earlier, as notebook units sold declined 1% and sales of desktops fell 8%, HP said.

    Overall, HP reported a first-quarter profit of $803 million, or 51 cents a share, down 59% from the year earlier, when the Palo Alto, Calif., company got a boost from the U.S. tax overhaul. Excluding restructuring charges and other items, profit was in line with analysts’ estimates at 52 cents a share, up from 48 cents a share a year earlier.

    https://www.wsj.com/articles/hp-sales-rise-but-fall-short-of-estimates-11551301659

Other

  • WeWork confirms it has laid off 300 employees

    Headquartered in New York, the layoffs were performance-related, part of the company’s routine process of shedding underperformers. Among the departments impacted by the cuts were WeWork’s engineering team, product and user experience design.

    “Over the past nine years, WeWork has grown into one of the largest global physical networks thanks to the hard work and dedication of our team,” the company said in a statement provided to TechCrunch. “WeWork recently conducted a standard annual performance review process. Our global workforce is now more than 10,000 strong, and we remain committed to continuing to grow and scale in 2019, including hiring an additional 6,000 employees.”

    https://techcrunch.com/2019/03/01/wework-confirms-it-has-let-go-of-300-employees/

  • Amazon to Launch New Grocery-Store Business

    The new stores aren’t intended to compete directly with the more upscale Whole Foods stores and will offer a different variety of products, at a lower price point, these people said. Whole Foods doesn’t sell products with artificial flavors, colors, preservatives and sweeteners, among other quality standards.

    Suppliers with big brands have hoped to have inroads into Whole Foods since Amazon bought the chain nearly two years ago. While Whole Foods has gradually expanded the big brands it carries—such as Honey-Nut Cheerios and Michelob beer—a conventional grocer can carry a much larger assortment of items.

    Amazon has had mixed results with its food-delivery business, and it wants to better understand how it can cater to grocery shoppers, according to people briefed on the company’s strategy.

    https://www.wsj.com/articles/amazon-to-launch-new-grocery-store-business-sources-say-11551461887?ns=prod/accounts-wsj

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Posted on

News You Can Use: 2/20/2019

  • We Reject the Side Hustle

    Maybe this was all true, but what was also true is that working outside of work quietly became a major drain on my energy levels, negatively impacting my mental, emotional, and even physical health. I also started spending money more stupidly (some might say compulsively) as a response to rising stress, which had the perverse effect of making me feel that I needed that extra cash flow even more. Rather than acting as a financial security blanket, my outside income became a specter that I kept in my life mostly out of fear. When I finally bit the bullet and focused on having just one job at a time, unsurprisingly, all that extra stress and anxiety dissipated almost immediately. I slept more, I took fewer overpriced cabs, I was better at my actual day job.

    https://lifehacker.com/we-reject-the-side-hustle-1832566443

  • We need to stop striving for work-life balance. Here’s why

    Balance is a limiting concept, and if we set the bar too low, we won’t demand enough of ourselves, our leaders, and our companies. Right now, too many companies are still operating in an either/or mentality (though thankfully, it’s starting to change). That’s why there are still workplaces that penalizes parents who choose to take parental leave or assume that employees who don’t put in as much “face time” aren’t committed to their jobs.

    I always like the mantra that “you can have it all, just not all at once.” There are seasons of life where you’ll have less time for yourself and will devote more to school or family or work. This is part of the normal ebb and flow of life. When you think big and expect that you can have a positive experience with all that work and life have to offer, you’ll be more likely to make that happen.

    https://www.fastcompany.com/90308095/why-you-should-stop-trying-to-achieve-work-life-balance

  • Alexa, are you exploiting me?
  • Taxed out: Here’s why your refund may be smaller or nonexistent in 2019

    So far, the average refund paid to taxpayers is down 8.7% to $1,949, from an average of $2,135 this time in filing season last year, according to the IRS.

    Some taxpayers actually do owe more under the new tax law, which capped deductions for state and local taxes, especially affecting homeowners in high-property tax coastal states, and eliminated some deductions, such as those for unreimbursed expenses incurred as an employee.

    https://www.fastcompany.com/90308731/tax-refunds-2019-heres-why-yours-may-be-smaller-or-why-you-may-owe

Photo by Alekzan Powell on Unsplash