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SoftBank's internet business to invest $5 billion to resist overseas tech giants
By Sam Nussey TOKYO (Reuters) - SoftBank's internet subsidiary Z Holdings outlined plans on Monday to invest 500 billion yen ($4.7 billion) in technology over five years to resist an onslaught from larger overseas rivals. The announcement follows the merger of its internet business Yahoo Japan with chat app operator …
China's furtive bitcoin trade heats up again, worrying regulators
By Samuel Shen and Andrew Galbraith SHANGHAI (Reuters) - Bitcoin's 300% price surge since October has revived China's grey market in cryptocurrency trading, putting regulators on alert over financial risks and capital outflows as volatility spikes. China shut down its local cryptocurrency exchanges in 2017, smothering a speculative market that …
Payments firm Klarna triples valuation to $31 billion by raising $1 billion
STOCKHOLM (Reuters) - Swedish payments firm Klarna nearly tripled its valuation to $31 billion in less than six months after it announced on Monday a new $1 billion fundraising round. The new round, which will make Klarna the most valuable European startup, was oversubscribed four times and included a combination …
China's Tencent Cloud to open datacentre in Bahrain
DUBAI (Reuters) - Tencent Cloud, the cloud computing arm of Chinese technology giant Tencent Holdings, will launch an internet data centre in Bahrain by the end of 2021, Bahrain said on Monday. The memorandum of understanding Tencent signed with Bahrain's Economic Development Board (EDB) is part of Bahrain's efforts to …
Huawei CFO back in court fighting U.S. extradition
By Moira Warburton and Sarah Berman VANCOUVER (Reuters) - Huawei Chief Financial Officer Meng Wanzhou will return to a Canadian court Monday for the final phase of the arguments in her U.S. extradition case, which would focus on whether her arrest was politically motivated and if abuses of process occurred …
As online grocery booms in Britain, will new habits die hard?
By James Davey LONDON (Reuters) - Britain's multi-billion pound supermarket industry is placing its bets on whether big-spending older shoppers will stick with buying their groceries online when months of lockdown end. Having more than doubled during the COVID-19 pandemic to represent 16% of Britain's roughly 200 billion pound ($281 …
Definition of an algorithm
Oftentimes we see “algorithms” referenced in various contexts, but the definition of an…Tags: algorithm, Kristian Lum
5 Applications of Deep Learning that are Reshaping Modern Business
Artificial intelligence and its subsets like deep learning are rapidly changing the business world. Deep learning is a relatively new system that is different and more advanced than traditional machine learning. In a practical sense, deep learning can analyze large data sets to achieve self-learning and improvement in record time.For …
For manga's striving artists, success lurks online
By Sam Nussey TOKYO (Reuters) - Manga artist Kamentotsu didn't expect much when he uploaded a four-panel strip about an anthropomorphic bear who runs a cake shop to his Twitter account three years ago. But the first instalment of "Koguma's Cake Shop", drawn as consolation for a tired friend, attracted …
South Korean tech firms shake up Japan's storied manga industry
By Sam Nussey TOKYO (Reuters) - Two South Korean technology companies are borrowing from mobile gaming to shake up - and dominate - Japan's storied manga industry, a plot twist that has expanded the comics' fanbase to a new generation of readers. Backed by tech giants Kakao Corp and Naver …
Bitcoin extends retreat from record high to hit lowest in 20 days
(Reuters) - Bitcoin dropped 6.39% to $43,165.78 on Sunday, losing $2,944.20 from its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, has fallen 26% from the year's high of $58,354.14 on Feb. 21 when it soared amid increasing confidence that it will become a mainstream investment and payments vehicle. …
Japanese companies go high-tech in the battle against food waste
By Tetsushi Kajimoto TOKYO (Reuters) - Japanese companies are ramping up the use of artificial intelligence and other advanced technology to reduce waste and cut costs in the pandemic, and looking to score some sustainability points along the way. Disposing of Japan's more than 6 million tonnes in food waste …
How screen scraping and TinyML can turn any dial into an API
This image shows a traditional water meter that’s been converted into a web API, using a cheap ESP32 camera and machine learning to understand the dials and numbers. I expect there are going to be billions of devices like this deployed over the next decade, not only for water meters …
Differential Evolution Global Optimization With Python
Differential Evolution is a global optimization algorithm. It is a type of evolutionary algorithm and is related to other evolutionary algorithms such as the genetic algorithm. Unlike the genetic algorithm, it was specifically designed to operate upon vectors of real-valued numbers instead of bitstrings. Also unlike the genetic algorithm it …
Bitcoin falls 5.84% to $43,418
(Reuters) - Bitcoin dropped 5.84% to $43,418.02 on Sunday, losing $2,691.96 from its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, has fallen 25.6% from the year's high of $58,354.14 on Feb. 21. Bitcoin's price soared this year as major firms including BNY Mellon, asset manager BlackRock Inc, and …
Yes, Advanced Business Analytics Can Cut Costs
With so many people generating so much data every day, you’d be remiss if you didn’t attempt to monetize it. But at the same time, it’s easy to see why many companies, especially small ones, would be reluctant to implement business analytics tools. There’s an upfront cost for integrating data …
Video Highlights: Why Do ML Models Fail?
Our current machine learning (ML) models achieve impressive performance on many benchmark tasks. Yet, these models remain remarkably brittle, susceptible to manipulation and, more broadly, often behave in ways that are unpredictable to users. Why is this the case? In this talk by Aleksander Madry, Professor of Computer Science, Massachusetts …
Japan's Mizuho suffers problems at ATMs, preventing use of some services
By Kevin Buckland and Takashi Umekawa TOKYO (Reuters) - Japan's Mizuho Bank is suffering problems at its ATMs, preventing customers from accessing some services, the lender said on its website on Sunday. Customers are unable to make withdrawals at some machines, national broadcaster NHK reported. ATMs in Tokyo are among …