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Category: business – Page 173

Circa 2017 o.o

When life gave one Chinese company giant panda poop, it decided to make paper — and profits. The Qianwei Fengsheng Paper Company in southwest Sichuan province has teamed up with the China Conservation and Research Center for the Giant Panda to recycle the animal’s faeces and food debris into toilet paper, napkins and other household products, state media reported Wednesday. The goods, soon to be released on the Chinese market, will be marketed as part of a “panda poo” product line decorated with a picture of the bamboo-eating, black-and-white bear. “They’re taking care of our garbage for us,” Huang Yan, a researcher at the giant panda centre, told the Chengdu Business Daily. Huang told Xinhua state news agency that the 10 kilograms (22 pounds) of bamboo poo that adult pandas unleash daily are rich in fibre after absorbing the fructose from the shoots. In addition to their valuable dung, pandas also produce 50 kilograms of food waste every day from the bamboo husks they spit out after chewing. While the process of turning bamboo into paper generally involves the breaking down of fructose to extract fibre, this step naturally occurs in the pandas’ digestive tract, the paper company’s president, Yang Chaolin, told Xinhua. Fengsheng will collect the faeces from three panda bases in Sichuan a couple of times a week. After it is boiled, pasteurised and turned into paper, it will be tested for bacteria before going on sale. Boxes of “panda poo” tissues will be sold at 43 yuan ($6.5) a pop. “Pandas get what they want and we do too,” Yang said. “It’s a win-win.”

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Skeptical. But, wonder if will trigger major funding boost if true.

Any credible list of influential books about tech from the last decade would include AI Superpowers: China, Silicon Valley and the New World Order by Kai-Fu Lee. Considered the world’s foremost authority on artificial intelligence, Taipei-born Lee got an early start, writing a pioneering speech-recognition program while a student at Carnegie Mellon in the 1980s. He later had a career in China and the U.S. at Apple, Microsoft, Silicon Graphics and Google, where he was president of Google China. Now based in Beijing, Lee runs a venture capital firm called Sinovation, which focuses on AI investments. The interview with Lee took place (virtually) in early October.

Forbes Asia: AI Superpowers made you a global business star. Why did you write the book?

Kai-Fu Lee: China has—thanks to data, AI, and the entrepreneur ecosystem—rapidly evolved from a copycat into a true innovator. It currently co-leads artificial intelligence with the United States. When AI Superpowers came out in 2018, I think it was a bit surprising to people.

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The need to pursue racial justice is more urgent than ever, especially in the technology industry. The far-reaching scope and power of machine learning (ML) and artificial intelligence (AI) means that any gender and racial bias at the source is multiplied to the n th power in businesses and out in the world. The impact those technology biases have on society as a whole can’t be underestimated.

When decision-makers in tech companies simply don’t reflect the diversity of the general population, it profoundly affects how AI/ML products are conceived, developed, and implemented. Evolve, presented by VentureBeat on December 8th, is a 90-minute event exploring bias, racism, and the lack of diversity across AI product development and management, and why these issues can’t be ignored.

“A lot has been happening in 2020, from working remotely to the Black Lives Matter movement, and that has made everybody realize that diversity, equity, and inclusion is much more important than ever,” says Huma Abidi, senior director of AI software products and engineering at Intel – and one of the speakers at Evolve. “Organizations are engaging in discussions around flexible working, social justice, equity, privilege, and the importance of DEI.”

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The Internet of Things can create tiny efficiencies that amount to a lot of money. Ben Fahy reports on how the IoT is changing the way businesses work.

Back in the 1830s, a depressed minister from Massachusetts named Lorenzo Langstroth got into beekeeping as therapy. His hobby eventually led him to develop the moveable comb hive, an innovation that allowed honey to be harvested without destroying the colony of bees. Since then, the art of beekeeping hasn’t changed much, but Bruce Trevarthen, the founder and CEO of the LayerX group, thinks some smart technology and a bit of connectivity might be the next big bee-based breakthrough.

ModuSense, a division of the Hamilton-based tech company/incubator, focuses on providing industrial Internet of Things (IoT) solutions, particularly for the primary sector. But when it kicked off around four years ago, Trevarthen felt that target was still too broad, so he decided to focus on improving the productivity of one sector in particular: apiculture.

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SAN FRANCISCO – L3Harris Technologies will help the U.S. Defense Department extract information and insight from satellite and airborne imagery under a three-year U.S. Army Research Laboratory contract.

L3Harris will develop and demonstrate an artificial intelligence-machine learning interface for Defense Department applications under the multimillion-dollar contract announced Oct. 26.

“L3Harris will assist the Department of Defense with the integration of artificial intelligence and machine learning capabilities and technologies,” Stacey Casella, general manager for L3Harris’ Geospatial Processing and Analytics business, told SpaceNews. L3Harris will help the Defense Department embed artificial intelligence and machine learning in its workflows “to ultimately accelerate our ability to extract usable intelligence from the pretty expansive set of remotely sensed data that we have available today from spaceborne and airborne assets,” she added.

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Sony wants a bigger piece of the drone market. Today, the Japanese giant unveiled a project called Airpeak, which will “support the creativity of video creators to the fullest extent possible,” according to a cryptic press release. That makes it sound like Sony wants to take on consumer-focused drone makers such as DJI, Parrot and Skydio. Which makes a lot of sense, given Sony’s expertise in the compact and full-frame mirrorless camera markets. If you’re a vlogger or independent filmmaker that already uses Sony gear, you might be tempted by a drone with similar technology. If nothing else, it would make it easier to color correct and combine footage.

In the press release, though, Sony notes how drones have led to “workflow efficiency and energy savings in the industrial sector.” It adds: “Sony has assigned the ‘Airpeak’ brand to reflect its aspiration to contribute to the further evolvement and the creation of the unprecedented value through its imaging and sensing technology as well as 3R technologies (Reality, Real-time and Remote) in the drone area.” So it a consumer or enterprise play? We’re hoping its the former. The company already has Aerosense — a business-focused drone collaboration with ZMP — which specializes in surveying, capturing live events and creating maps from drone imagery.

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Looks like inventory robots won’t be replacing humans in Walmart for now. 😃

I’m a bit sad for the supplier of the robots. But I’m glad that people will keep their jobs in Walmart.

Bitter Reality

Unfortunately, the news was devastating for Bossa Nova, the robotics firm that provided Walmart with its inventory robots. The firm, a Carnegie Mellon University-born startup, laid off half of its staff as it tries to drum up replacement business.

“We see an improvement in stores with the robots,” Walmart told Bossa Nova, someone familiar with the deal told the WSJ, “but we don’t see enough of an improvement.”

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Virgin Hyperloop, the transportation company owned by business magnate Richard Branson, has ambitious plans to build a vacuum tube transportation system that travels over 600 miles per hour.

But before it does so, the company has made the reasonable decision to figure out what traveling that quickly might to do the brain. To wit, scientists at West Virginia’s Rockefeller Neurosciences Institute (RNI) will find out what to expect when launching passengers at 78 percent the speed of sound.

Hold on to your brains!

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Three actions policymakers and business leaders can take today.

New developments in AI could spur a massive democratization of access to services and work opportunities, improving the lives of millions of people around the world and creating new commercial opportunities for businesses. Yet they also raise the specter of potential new social divides and biases, sparking a public backlash and regulatory risk for businesses. For the U.S. and other advanced economies, which are increasingly fractured along income, racial, gender, and regional lines, these questions of equality are taking on a new urgency. Will advances in AI usher in an era of greater inclusiveness, increased fairness, and widening access to healthcare, education, and other public services? Or will they instead lead to new inequalities, new biases, and new exclusions?

Three frontier developments stand out in terms of both their promised rewards and their potential risks to equality. These are human augmentation, sensory AI, and geographic AI.

Human Augmentation

Variously described as biohacking or Human 2.0, human augmentation technologies have the potential to enhance human performance for good or ill.

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