IBM Corp.’s cloud computing ambitions just got a big boost with the news today that it signed up Australia’s federal government as its latest marquee customer. The five-year deal, said to be worth $740 million, ensures that Australian government agencies that don’t already work with IBM will now be able to buy its products and services without inking separate contracts first. The Australian government, meanwhile, touted the “significant savings over the next five years” that it will realize from the deal. The agreement, said to be the largest-ever information technology contract for Australia’s federal government, will see IBM provide an extensive range of hardware, software and cloud-based products to government agencies. All of Australia’s government departments will have access to IBM’s tech under the terms of the deal. However, for those that already have significant investments in IBM, including the Department of Human … [Read more...] about IBM lands $740M contract to provide IT services to Australian government
A new report claims that Intel Corp. has halted development on a planned high-speed modem chip after Apple Inc. opted against using the product in its 2020 device lineup. The news appeared late Wednesday in Israeli technology journal CTech, which cited Intel officials and leaked internal communications. The development comes two months after sources told Bloomberg that Apple is looking to stop using the chip giant’s processors in Macs as soon as 2020 and replace them with its own silicon. The iPhone maker might be taking a different strategy over on the modem front. A research memo published by Northland Securities Inc. last month posited that Apple may replace Intel’s chips with hardware from Taiwanese rival MediaTek Inc. rather than make its own. Either way, it’s disappointing news for the chip giant. The CTech report cited unnamed Intel executives as saying that the company reassigned the team that was working on the planned modem to other projects. The … [Read more...] about Apple reportedly drops Intel 5G chip from 2020 device lineup
Artificial intelligence (AI) is enabling our internet-of-things (IoT) technology to achieve new heights. Our devices are becoming smarter thanks to sophisticated machine learning algorithms, in combination with interfaces that make the interactions between man and machine smoother and more accessible. But while some technologies merely take an aspect of our lives and make it more convenient, less expensive, or more effortless, others have the power to reshape our lives in fundamental ways. So how could AI-powered IoT devices reshape one of the most important rooms of the home—our kitchens? Costs For starters, we need to consider the costs of new kitchen appliances and kitchen remodeling. Remodeling a kitchen with basic options will still cost the average homeowner several thousand dollars or more—and if you upgrade all your appliances to be outfitted with the latest in IoT tech, those costs will only grow. Costs of smart devices have fallen in the past several years, with … [Read more...] about How Will IoT Reshape Our Kitchens?
London-based Fever, an urban events discovery app-cum-entertainment events business with an online media arm that it uses as marketing megaphone and data-gathering lens on its community of users, has closed a $20 million Series C investment to expand into new markets across Europe and North America — and win more hipsters over to its own brand immersive themed experiences. The round was co-led by European media group Atresmedia and real estate company Labtech — because of course parties need venues — and with participation from existing investors Accel Partners and 14W Ventures. The 2014-founded startup had raised $19.3M prior this round, according to Crunchbase, including a $3M seed for its original Fever event discovery app back in 2014. Fever offers urban events discovery via its app, which uses a recommendation algorithm to offer personalized listings coverings activity such as music festivals, theatre, fashion, restaurants … [Read more...] about Fever gets $20M to delight more hipsters with A/B tested Madhatter’s G&T parties
The Economics of Seinfeld is a neat concept for teaching economics lessons developed by economics professors from Eastern Illinois University and Baker University. The Economics of Seinfeld is a catalog of clips (sometimes entire episodes) from the hit sitcom Seinfeld that demonstrate various economics concepts. There are seven pages of clips that you can browse through. Alternatively, and more practically, you can search for clips by entering an economics term like "demand," "supply," and "substitute goods." If you plan to use The Economics of Seinfeld, you should know that it doesn't host all of the video clips. In some cases you're just directed you to episodes and time-frames within episodes to find clips. You'll have to find the episodes on Hulu or acquire a copy of Seinfeld on DVD to use the clips in your classroom. … [Read more...] about The Economics of Seinfeld