Jul
27

21 countries that are highly likely to poach skilled workers from the US

Looking to work abroad? Check out these countries.Aurelien Meunier / Stringer / Getty Images

Have you set your sights on living and working abroad lately?

In the US, conversations about moving abroad tend to spike during contentious political times — though it's mostly talk.

But if you currently live in the US and you're serious about leaving, you'd be in good company if you made the move.

While the US doesn't track how many Americans live and work overseas exactly, estimates range from 2.2 million to 6.8 million, according to the Migration Policy Institute.

Engineering consulting firm KDM Engineering compiled an infographic using data from the 2015 UN International Migration Report and the 2017 Global Talent Competitiveness Index to figure out which countries are the best at attracting highly skilled talent.

The list took market landscape, ability to attract companies and people, access to education and training, and quality of life into account.

Of the countries considered to be the best at attracting highly skilled talent, Business Insider singled out all the countries that listed the US as one of their top five "feeder countries" when it comes to talent. A nation's "feeder countries" are the countries that contribute some the most immigrants to that nation.

Here are 21 countries that are great at poaching talent from the US:


Israel

Gary M. Prior/Getty Images

Total migrants in 2015: 2,011,727

Where the US ranks as a feeder country into Israel: No. 1

Why this country is likely to poach talent: Its beneficial market landscape

Czech Republic

Kevin Lee / Stringer / Getty Images

Total migrants in 2015: 405,093

Where the US ranks as a feeder country into the Czech Republic: No. 2

Why this country is likely to poach talent: Its high quality of life

Japan

Stanley Chou / Stringer / Getty Images

Total migrants in 2015: 2,043,877

Where the US ranks as a feeder country into Japan: No. 1

Why this country is likely to poach talent: Its beneficial market landscape

Qatar

Chung Sung-Jun/Getty Images

Total migrants in 2015: 1,687,640

Where the US ranks as a feeder country into Qatar: No. 3

Why this country is likely to poach talent: Its attractiveness to companies and individuals

Estonia

Andy Lyons/Getty Images

Total migrants in 2015: 202,348

Where the US ranks as a feeder country into Estonia: No. 3

Why this country is likely to poach talent: Its beneficial market landscape

United Arab Emirates

Getty Images / Stringer

Total migrants in 2015: 8,095,126

Where the US ranks as a feeder country into the United Arab Emirates: No. 3

Why this country is likely to poach talent: Its attractiveness to companies and individuals

Austria

Shaun Botterill/Getty Images

Total migrants in 2015: 1,492,374

Where the US ranks as a feeder country into Austria: No. 4

Why this country is likely to poach talent: Its high quality of life

Germany

Adam Berry/Getty Images

Total migrants in 2015: 12,005,690

Where the US ranks as a feeder country into Germany: No. 5

Why this country is likely to poach talent: Its high quality of life

Belgium

Paul Gilham/Getty Images

Total migrants in 2015: 1,387,940

Where the US ranks as a feeder country into Belgium: No. 5

Why this country is likely to poach talent: Its easy access to education and training

Iceland

Clive Rose/Getty Images

Total migrants in 2015: 37,522

Where the US ranks as a feeder country into Iceland: No. 2

Why this country is likely to poach talent: Its high quality of life

New Zealand

Dianne Manson / Stringer / Getty Images

Total migrants in 2015: 1,039,736

Where the US ranks as a feeder country into New Zealand: No. 3

Why this country is likely to poach talent: Its beneficial market landscape

Canada

Total migrants in 2015: 7,835,502

Where the US ranks as a feeder country into Canada: No. 2

Why this country is likely to poach talent: Its attractiveness to companies and individuals

Ireland

Matthias Hangst/Getty Images

Total migrants in 2015: 746,260

Where the US ranks as a feeder country into Ireland: No. 2

Why this country is likely to poach talent: Its attractiveness to companies and individuals

Netherlands

Laurence Griffiths/Getty Images

Total migrants in 2015: 1,979,486

Where the US ranks as a feeder country into the Netherlands: No. 4

Why this country is likely to poach talent: Its easy access to education and training

Norway

Harry How/Getty Images

Total migrants in 2015: 741,813

Where the US ranks as a feeder country into Norway: No. 5

Why this country is likely to poach talent: Its high quality of life

Finland

Bruce Bennett/Getty Images

Total migrants in 2015: 315,881

Where the US ranks as a feeder country into Finland: No. 5

Why this country is likely to poach talent: Its easy access to education and training

Denmark

Christof Koepsel/Getty Images

Total migrants in 2015: 572,520

Where the US ranks as a feeder country into Denmark: No.  5

Why this country is likely to poach talent: Its easy access to education and training

Australia

Ryan Pierse/Getty Images

Total migrants in 2015: 6,763,663

Where the US ranks as a feeder country into Australia: No. 4

Why this country is likely to poach talent: Its attractiveness to companies and individuals

The United Kingdom

Julian Finney/Getty Images

Total migrants in 2015: 8,543,120

Where the US ranks as a feeder country into the United Kingdom: No. 3

Why this country is likely to poach talent: Its high quality of life

Singapore

Suhaimi Abdullah/Getty Images

Total migrants in 2015: 2,543,638

Where the US ranks as a feeder country into Singapore: No. 1

Why this country is likely to poach talent: Its attractiveness to companies and individuals

Switzerland

Laurence Griffiths/Getty Images

Total migrants in 2015: 2,438,702

Where the US ranks as a feeder country into Switzerland: No. 5

Why this country is likely to poach talent: Its high quality of life

Original author: Áine Cain

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Jul
27

THE BOTTOM LINE: Google's earnings overreaction and the raging debate over AI

This week:

Alphabet, the parent company of Google, reported earnings this week. Despite beating on both revenue and profit, its stock dropped the most this year because of mounting traffic acquisition costs. Alphabet didn't shy away from this fact on the subsequent analyst call, stressing that it's more focused on increasing profit, rather than margins. The large stock move is indicative of the broader market, which is seeing bigger price swings on earnings reports, particularly in tech.Sonu Kalra, a portfolio manager with Fidelity's Blue Chip Growth Fund, spoke to Business Insider CEO Henry Blodget about Alphabet, saying that the company is "at the heart of a lot of positive trends" and still has a "very strong" long-term outlook. He also predicts that its push into artificial intelligence (AI) could add $50-100 billion of market cap. Tesla CEO Elon Musk and Facebook CEO Mark Zuckerberg are waging a public debate over the merits of AI. Musk has said in the past that AI could be potentially very damaging to humans, and Zuckerberg recently called such doomsday predictions "irresponsible." Musk responded on Twitter, calling Zuckerberg's understanding of AI "limited." There is, however, one thing they're able to agree on: it will affect income and the labor market. Gene Munster, founding partner of Loup Ventures and former star Apple analyst at Piper Jaffary, discusses Alphabet's second-quarter earnings report. He talks about how the expected slowdown in Alphabet revenue still hasn't materialized, and says the company has "a lot of good things going on," including a push into AI. Munster says the sharp downward move on Alphabet's earnings was a "short-sighted" reaction, and calls the company "the oxygen of the Internet." He also aligns with Mark Zuckerberg when it comes to the raging AI debate. Munster then breaks down his favorite growth story: Tesla, which he thinks will exceed expectations. He also talks his old favorite, Apple.

Get the latest Google stock price here.

Original author: Jacqui Frank, Kara Chin and Joe Ciolli

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Jul
27

Google Assistant is light-years ahead of Amazon's Alexa (GOOGL, AMZN)

BI Intelligence

This story was delivered to BI Intelligence Apps and Platforms Briefing subscribers. To learn more and subscribe, please click here.

Google Assistant is six times more likely to answer a user’s question than Amazon Alexa is, according to a study by 360i.

Each AI-infused assistant was asked 3,000 questions, of which Google Assistant answered 72%, and Alexa answered only 13%.

As the rapidly burgeoning voice assistant landscape evolves, the initial results suggest that Google could be well-positioned to overtake Amazon in the voice assistant market, despite Amazon's early lead.

The ability to accurately understand and respond to users’ questions will be a key element to the usefulness and usage of a voice assistant. And the vast difference in performance by Google Assistant over Amazon could give it an edge as the voice-first ecosystem continues to expand. Here’s why:

The company has access to massive buckets of contextual search data. Google’s Knowledge Graph is a database that leverages its search results to surface links between objects and entities. For instance, a search about Star Trek doesn’t just give information about Star Trek, but also about the cast and other facts related to the show.  The Google developer community is robust. Google has strong ties to the developer community through Android and its other offerings. These developers can rapidly build voice apps for Google, and they're global, which could give Google a leg up if it begins expanding into more international markets.  Google has made investments in AI companies that will drive the development of Google Assistant. The most visible and highest-impact effort Google has made in this space is its 2014 acquisition of DeepMind, a UK-based AI company that aims to create truly intelligent software. DeepMind announced in October 2016 that its AI was capable of teaching itself using information it had access to.

Still, Amazon has established a solid lead over competitors in the connected voice market. The company’s Echo installed-base, large volume of Alexa skills (voice apps), and multitude of partnerships with third-party connected devices, has helped it capture mindshare and carve out a solid segment of the voice assistant market. And Alexa has a ton of room for growth; just 5% of Amazon customers own an Echo, according to Consumer Intelligence Research Partners. For context, 51% have a subscription to Prime, 34% own a Kindle Fire, and 6% own a Fire TV. 

Jessica Smith, research analyst for BI Intelligence, Business Insider's premium research service, has compiled a detailed report on the voice assistant landscape that:

Identifies the major changes in technology and user behavior that have created the voice assistant market that exists today. Presents the major players in today's market and discusses their major weaknesses and strengths. Explores the impact this nascent market poses to other key digital industries. Identifies the major hurdles that need to be overcome before intelligent voice assistants will see mass adoption. 

To get the full report, subscribe to an All-Access pass to BI Intelligence and gain immediate access to this report and more than 250 other expertly researched reports. As an added bonus, you'll also gain access to all future reports and daily newsletters to ensure you stay ahead of the curve and benefit personally and professionally. » Learn More Now

You can also purchase and download the full report from our research store.

Original author: Laurie Beaver

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Jul
27

Amazon misses Wall Street expectations by a mile (AMZN)

Wall Street will likely want an explanation from Jeff Bezos about Amazon's big miss.David Ryder / Stringer / Getty Images

Amazon's second-quarter report fell well short of Wall Street's expectations.

The company's earnings missed analysts' forecasts by more than a dollar a share. It also offered a disappointing outlook for the third quarter.

Investors sold the stock on the news. In recent trading after the bell, Amazon's stock was down $29 a share, or nearly 3%, to $1,017.00.

The company reported on Thursday:

EPS (GAAP) of 40 cents a share. Wall Street was expecting $1.42 a share, according to Bloomberg. In the year-ago period, Amazon earned $1.78 a share.Revenues of $38 billion. Analysts were expecting $37.2 billion. Amazon posted sales of $30.4 billion in the second quarter last year.Guidance: For the third quarter, Amazon expects to post revenue of between $39.25 billion and $41.75 billion. It expects its operating results to range from an operating loss of $400 million to an operating profit of $300 million. Assuming the company's nonoperating income and expenses stay about the same — and depending on its allocation for taxes — that guidance implies that Amazon expects its bottom line for the period to come in at between a nearly $1-per-share loss to a profit that's well shy of a $1 a share. Before Amazon's report, Wall Street was forecasting that Amazon would earn $1.13 a share on $39.97 billion in sales in the period.

The company's sales were boosted by results from its services business, most notably its AWS cloud-computing business. Compared with the year-ago period, AWS' revenue was up 42% to $4.1 billion. Amazon's overall service revenues also rose 42% to $13.2 billion. The company's total revenue grew 25%.

But rapidly rising expenses weighed heavily on Amazon's bottom line. Marketing costs jumped 44% from the second quarter last year to $2.2 billion. Amazon's spending on technology and content jumped 43% to $5.5 billion over the same period. Its fulfillment costs swelled 33% to $5.2 billion. Overall, the company's operating income was down 51% from the second quarter of 2016, to $628 million.

Amazon has been hiring software engineers and sales representatives for its AWS business, Brian Olsavsky, Amazon's chief financial officer, said on a conference call with analysts. It's also been investing in new warehouses, digital video for its streaming video service, and in developing and promoting its Echo smart speaker products, he said. 

Besides increased operating costs, taxes took a toll on the company's results too. Even though Amazon's operating income was down from the same period last year, the amount it set aside for income taxes rose by more than 50%, to $467 million. That provision would give it a tax rate of about 70% for the quarter. It was unclear from the company's report why it set aside so much for taxes.

Visit Markets Insider for constantly updated market quotes for individual stocks, ETFs, indices, commodities and currencies traded around the world. Go Now!

Original author: Troy Wolverton

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Jul
27

The all-new Rolls-Royce Phantom is a modern private jet for the road

Rolls-Royce

The Rolls-Royce Phantom is one of the oldest names in the car business. For nearly 100 years, the Phantom has been a byword for luxury, exclusivity, and world-class engineering.

After remaining dormant for a decade, Rolls-Royce Motor Cars launched the seventh generation Phantom in 2003. It was the first new Rolls-Royce introduced after BMW assumed control of the brand from Volkswagen Group in what was one of the most bizarre business deals in recent memory.

For 13 years, the Phantom VII served Rolls-Royce with distinction as its flagship model while also becoming a catalyst for the brand's recent renaissance. With annual sales topping 4,000 cars, the past few years have been happy times for the rarefied luxury automaker.

Now, there's an all-new Phantom.

On Thursday, Rolls-Royce unveiled the Phantom VIII.

"The Phantom is the pinnacle of the Rolls-Royce brand in its truest sense," CEO Torsten Müller-Ötvös told Business Insider in an interview. "It embodies all of the qualities Rolls-Royce is well known for. It starts with the magic carpet ride, the quality, the precision design, and engineering."

"It embodies what (company founder) Sir Henry Royce said, 'Take the best that exists and make it even better,' and that is exactly what the Phantom is in every single detail,"Müller-Ötvös added.

Rolls-Royce is expected to commence customer deliveries of the Phantom VIII in early 2018. The standard wheelbase Phantom starts at around $450,000. However, company data shows Phantom VIII customers are adding around $150,000 in bespoke options to their cars for an average order price of $600,000.

Here's a closer look at Rolls-Royce's new flagship.

Original author: Benjamin Zhang

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Jul
18

10 things in tech you need to know today (NFLX, AMZN)

Netflix's 'House of Cards'House of Cards / Netflix

Good morning! Here is the tech news you need to know this Tuesday.

1. The UK government is to force porn sites to introduce age verification, or else be banned. People will have to register their card details to prove their age, in a measure designed to protect children from seeing graphic content.

2. Investor and startup platform AngelList has suspended an employee, Lee Jacobs, as it investigates allegations of assault. According to TechCrunch, Jacob allegedly assaulted a woman at an event in 2013.

3. A security flaw in MySpace meant that someone could hack into an account knowing just the user's real name, user name, and birthdate. It isn't clear if any MySpace accounts were affected by the vulnerability.

4. Google's troubled high-speed broadband business, Google Fiber, is losing its new chief executive just five months after he joined. Gregory McCray was hired to head up Access, the Google division which includes Fiber, and it's not clear why he's left.

5. Uber's global retreat continues after it pulled out of China-controlled Macau. The company said it couldn't "secure" the right business environment, and leaves after less than two years in the market.

6. Amazon registered a trademark application for "prepared food kits", suggesting the firm's about to take on the likes of Blue Apron in meal kits. Blue Apron's stock sank 11% on the news.

7. Essential, the startup headed by Android creator Andy Rubin, is set to bring its new smartphone to the UK. Essential has conducted talks with operators to bring its smartphone, a high-end device just called "Phone", overseas.

8. Netflix crushed its growth targets, adding more than 5 million new subscribers for its second quarter. Revenue and earnings per share were in line with analyst guidance, and the results sent the firm's stock up 8%.

9. Hand-tracking firm Leap Motion has raised $50 million (£38 million) in Series C funding to expand its human-computer interaction technology. The firm will expand into different sectors and open a new office in Shanghai.

10. The entire board of Hampton Creek, a Silicon Valley startup famous for making egg-less mayonnaise, has quit except the CEO, Josh Tetrick. The outgoing board members reportedly left because of conflicts with Tetrick.

Original author: Shona Ghosh

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Jul
17

Lucid Motors says its latest fundraising round is 'going well' amid rumors of Ford sale

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A view of the Lucid Air outside of Lucid Motors' headquarters in Menlo Park, California, February 16, 2017. Bryan Logan/Business Insider

The Silicon Valley-based electric-car startup, Lucid Motors is said to be entertaining a possible sale to Ford Motor Company, Bloomberg reported on Monday.

The publication, citing people familiar with the matter, said Lucid approached Ford about a possible sale, and that Ford rebuffed the suggestion.

Lucid is currently raising money in a Series D round.

A Lucid Motors spokesperson declined to comment on any takeover talks or the company's current Series D, but said that the fundraising effort was "going well." The company is backed by Venrock, which is the same venture capital firm that led Apple's Series A round in 1978.

Business Insider reported in February that Lucid Motors' Series D was in the works. A company spokesman said at the time that Lucid had raised several hundred million dollars as it develops its 1,000-horsepower Lucid Air electric luxury sedan.

Like Faraday Future, another investor-backed electric-car startup, Lucid Motors is also seeking funds to build its inaugural factory, which Bloomberg said could cost $700 million. But unlike Faraday Future, Lucid Motors has not started work at its own site in Casa Grande, Arizona.

Faraday Future said last week that it was temporarily abandoning its plans to build an assembly plant in North Las Vegas, Nevada, 15 months after it held a ceremonial ground-breaking at the site in April 2016, citing trouble raising money from outside investors.

Lucid Motors Chief Technology Officer Peter Rawlinson told Automotive News at the New York International Auto Show in April: "It would be irresponsible to start moving earth or start anything until we have a financial runway to execute that professionally and with absolute integrity."

During his February interview with Business Insider, Rawlinson said of building a new electric car from the ground up: "This team realizes the enormity of the task. We're car guys. This is the team that has done it before. We know how to do this."

Get the latest Ford stock price here.

Original author: Bryan Logan

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Jul
17

Starting in 2019, your smartphone's internet speed will get way faster (QCOM)

ASPEN, Colorado – There's no question that superfast, fifth-generation mobile networks are coming. But when will consumers get to connect to these 5G systems?

How about in as little as two years?

"You’ll see 5G in 2019 for sure," Qualcomm CEO Steve Mollenkopf told attendees of the Fortune Brainstorm conference in Aspen, Colorado on Monday. 

5G networks are expected to send gobs of data faster than your at-home WiFi network and faster than your old-fashioned, wired plug-in network at work. They might even be as fast as the fastest networks you can get today, which run at gigabit speeds.

Although everyone wants faster networks, it's not been clear when 5G would arrive. Even a year ago, Mollenkopf himself would have predicted that 5G wouldn't be readily available until 2020, but "people are pulling us faster" toward 5G than that, he said.

There are also whole new industries that are pushing for it, like connected cars, and health care.

But the big driver? Videos. People want to watch more videos on their gorgeous-screen smartphones, and that requires lots of bandwidth.

Original author: Julie Bort

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Jul
17

Google Fiber is losing its second CEO in less than a year (GOOG, GOOGL)

There's another shake up in Google Fiber's leadershipGeorge Frey/Reuters

Google Fiber, the high-speed internet service operated by Alphabet, has lost its second CEO in less than a year. 

Gregory McCray is stepping down from the CEO job of Access, the Alphabet subsidiary that houses the Fiber unit, Google confirmed to Business Insider on Monday.

The change is the latest shake-up at Access, which announced in October that it would stop rolling out its 1 gigabit per second wired broadband networks to new cities and focus on newer, wireless options, such as the Webpass wireless service it acquired last year.

The Access group also had layoffs towards the end of 2016 and shifted hundreds of other employees to different units within Google earlier this year.

Alphabet CEO Larry Page said in an emailed statement to Business Insider on Monday that the company is "committed to the success of Google Fiber" and was looking for new leader for the business.

"We are serving not only our core Fiber cities but also others through Webpass. Fiber has a great team and I'm confident we will find an amazing person to lead this important business," Page said in the statement on Monday, following the news, which was first report by Bloomberg. 

Craig Barratt, the head of Google Access, stepped down from the top job at the time. And Google hired McCray in February.  McCray was the CEO of Aero Communications before taking the job at Alphabet. His departure after only five months on the job is likely to revive questions about the future of the Access division when Alphabet holds its Q2 earnings conference call next week. 

Visit Markets Insider for constantly updated market quotes for individual stocks, ETFs, indices, commodities and currencies traded around the world. Go Now!

Original author: Alexei Oreskovic

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Jul
17

Until recently, a hacker could have gotten into your old Myspace account with just three easy-to-find things about you (TIME)

Caroline Cakebread / Business Insider

You may not have thought much about your Myspace page in a long time, but you might want to give it some thought now. 

It turns out, there was — until very recently — an easy way to hack into Myspace accounts. All you needed was an account holder's name, user name, and date of birth. 

British cybersecurity blogger Leigh-Anne Galloway published a post on Monday about the security flaw. Her post was picked up by the Verge, among other outlets. 

Galloway discovered the Myspace vulnerability in April while trying to regain access to her account so she could delete it. The site directed her to an account recovery page. In order to reset her password and allow her to regain control of her account, the page only asked that she provide her full name, user name, email address associated with the account and birth date.

As Galloway noted, most of that information is either public or fairly easy to find for most people, meaning that if hackers wanted to, they could fairly easily take control of any MySpace account. Galloway was concerned enough about the flaw that she notified Myspace soon after she discovered it. She said she never got a response other than an automated email telling her MySpace had gotten the message and would get back to her.

Galloway later discovered the situation was even worse than she thought. Although the recovery page indicated certain fields were required to reset an account, the page also tells visitors to just "try and fill out as many of the fields as you can." After testing it a bit, she discovered she was able to reset her password and gain access to her account without a valid email address

Interestingly, after Galloway published her post on Monday and it was picked up by various news outlets, the recovery page she used disappeared. The site now redirects visitors to a page prompting them to enter an email address to get instructions on how to reset their password.

It's unclear whether any Myspace accounts were compromised due to the vulnerability.

In an emailed statement, the company said that because of the recent concerns, it added an additional verification step for customers seeking to reactivate their accounts. Myspace plans to continue refining the process over time, the company said.

This isn't the first or even the most serious security issue Myspace has faced. In 2016, a hacker stole and then tried to sell 360 million user email addresses and passwords. 

Although it's largely an after-thought in the social networking world these days, Myspace still gets 50 million visits every month according to the Verge. In 2016 media giant Time purchased the social networking company for an undisclosed sum. Then Chairman and CEO of Time, Joe Ripp called the purchase “game changing.”

Viant, a digital advertising platform, is the parent company of Myspace, and Time was likely looking to get in on Viant’s user data for ad targeting purposes. 

Original author: Caroline Cakebread

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Jul
17

Google X founder explains 'The Valley of Death' in product development (GOOG, GOOGL)

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Nest CTO Yoky Matsuoka Stuart Isett/FORTUNE Brainstorm Tech. Used by permission.

Yoky Matsuoka is in the middle of a spectacular career. She began as a semi-professional tennis player. She became a renowned expert on robotics because she dreamed of building a robot tennis partner (something she never accomplished). She did research stints at University of Washington and Microsoft Research.

Then she went on to become one of three co-founder of Google's moonshot R&D unit Google X (now called merely "X"). Today, she's the Chief Technology Officer at Nest.

Having been both a university researcher and a product developer, she has an interesting perspective on why it's so hard for research breakthroughs to wind up in products.

She says there's a "Valley of Death" between academia and commerce because each of them are after different things.

Research is all about proving an idea that's never been done before. Have an idea, write a grant, hire research students, get proof-of-concepts and have everyone publish papers. Those papers bring in more grant money and lead to tenure.

The gap comes at that point.  Researchers assume that that some great product person will take the research and turn it into a product to be used by millions of people.

But it's not easy to take a product "that works for 10 people and getting it working for a million or a billion people," Matsuoka says.

And the work required to bridge t hat gap "is boring for everyone," she says.

Researchers want to focus on new stuff that's never been done before. They don't want take something proven and published, and make it stable for a billion users.

And product people don't want to spin their wheels experimenting with early technologies that have only worked for 10 people. Their attitude is "We’re working on real products," she describes.

She thinks the solution is for more cooperation between the two sides, including more researchers who jump to commercial work and back and again, like she has.

And that was one idea behind the formation of X, which she says was intended to be a "paradigm shift" in research. Even though none of the companies that X has launched has yet to produce financially successful products, she says "It's been very successful, by its own metric."

Original author: Julie Bort

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Jul
17

How the ‘Uber of China’ compares to Uber itself

For all the PR fiascos it’s faced, Uber is still king of the ride-hailing services in the West.

On the other side of the globe, however, the process of requesting a car from your phone is dominated by another giant: Didi Chuxing. As this chart from Statista shows, while Didi is a relative unknown in the West, its fundamentals are nearly on par with the world’s most valuable private company.

Didi acquired Uber’s China operations in a mega-merger last year, outlasting its fellow giant after a fierce price war. The company has the backing of titans like Apple, SoftBank, and China’s own Alibaba and Tencent, two truly massive rivals that merged their respective ride services to create Didi Chuxing and share the spoils.

It’s not hard to see why all these major players are bullish on Didi: It now owns a virtual monopoly on ride-hailing, a growing business, in China, a country with a population of 1.3 billion and a high percentage of citizens who do not own cars. Uber now has a stake in Didi’s business, so it’s not being left in the dark there. But as Uber continues to deal with Lyft at home, Didi may wind up the king of ride-hailing worldwide.

Jeff Dunn/Business Insider

Original author: Jeff Dunn

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Jul
17

I tried Google's new cricket game — here's the coolest part (GOOG)

He's a spin bowler!Screenshot via Google

Monday's Google Doodle is a nifty little cricket game in which the batsman is a ... cricket! and the fielders are snails. The bowler is also a snail.

From the preceding sentence you might assume that I know something about cricket, but I don't. I have the basics. And playing Google's cricket game is mesmerizing. I'm as much adrift as my colleague Matt Weinberger.

I was waiting for the one thing I do know about cricket, which I learned from many listens to the English progressive folk-rock musician Roy Harper's cricket ballad, "When an Old Cricketer Leaves the Crease," a meditation of mortality and, well, cricket (Harper, by the way, sang lead vocals on Pink Floyd's "Have a Cigar" and was immortalized in a Led Zeppelin number, "Hats Off to (Roy) Harper," from the group's third album).

Here's the first verse, from Harper's album "HQ":

When the day is done and the ball has spun in the umpires pocket away
And all remains in the groundsman's pains for the rest of time and a day
There'll be one mad dog and his master, pushing for four with the spin
On a dusty pitch with two pounds six of willow wood in the sun.

So what's with all the spun/spin stuff? Well, in cricket a spin bowler delivers the ball with rotation that's meant to make it hard to bat. And lo! In the Google Cricket game, the snail does indeed bowl with spin.

I was able to hit it anyway. Maybe it gets harder as you rack up the runs.

Out!Screenshot via Google

 

Get the latest Google stock price here.

Original author: Matthew DeBord

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Jul
17

Netflix says it will 'reinvigorate' the movie business, but theaters may not play a part in its plan

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"Okja." Netflix

Netflix wants to reinvent movies in the same way it did TV, according to its Q2 earnings letter posted Monday.

In the letter, Netflix focused on the importance of shaking up the movie business, which has seen dwindling numbers of people going to theaters.

"Just as we changed and reinvented the TV business by putting consumers first and making access to content more convenient, we believe internet TV can similarly reinvigorate the film business (as distinct from the theatrical business)," Netflix's letter read. "This year we will release 40 features that range from big budget popcorn films to grassroots independent cinema."

That parenthetical implies that while Netflix has a plan to boost the movie business, the traditional movie theater may or may not be part of it.

Netflix has sparred with old Hollywood over its release strategy, and commitment to having movies play online the same day they play in theaters. While its rival Amazon has played nice and respected the theaters by not streaming movies until the allotted 90 days after their theatrical run, Netflix has refused to do that. This has lead all the major movie chains to refuse to screen Netflix movies.

Most recently, Netflix's model got folks at the Cannes Film Festival upset as two Netflix titles, "Ojka" and Noah Baumbach's "The Meyerowitz Stories," were added to this year's esteemed competition lineup, though it was unclear if either title would play theatrically in France. The festival quickly announced that beginning in 2018, a film would only qualify for its competition lineup if it has a theatrical release in France.

Netflix CEO Reed Hastings responded to the ruling on Facebook by characterizing it as "the establishment closing ranks against us."

In its Q2 letter, Netflix implies both that movies will be a big part of its future, and that it plans to disrupt the business — with or without the help of theaters.

Original author: Jason Guerrasio

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Jul
17

Delta is winning the social media war against Ann Coulter

Ann Coulter. Chip Somodevilla/Getty Images

Airlines are usually the ones at the receiving end of complaints, rants and trolls online.

But Delta seems to have the upper hand in its ongoing Twitter war with political commentator Ann Coulter.

According to data crunched by social listening firm Brandwatch, Coulter’s online sentiment is 55.9% negative, whereas Delta’s sentiment is 52.3% positive.

The analysis is based on over 337,000 mentions of Coulter and over 410,000 mentions of Delta across Twitter, Instagram and Facebook over the past seven days.

Brandwatch

This weekend, Coulter embarked on a multiday Twitter tirade, accusing Delta of giving away her seat on a flight on Saturday. According to Coulter, Delta gave away an extended-legroom economy-class seat, for which she paid $30, to another passenger.

Ann Coulter

The dispute quickly escalated and subsequently went viral on Twitter, after Delta responded on Sunday evening.

Delta criticized her for posting "slanderous comments and photos in social media” and Coulter responded by calling the airline "fascists."

According to Brandwatch, activity around the Delta brand increased by nearly 1,400%, while activity around Coulter rose by nearly 2,700% on social media between July 14 and 16.

Coulter has 1.6 million Twitter followers, while Delta has 1.3 million. The chart below shows how closely the two conversations are entwined. (It represents only 10% of the conversation)

Brandwatch

In an age where airlines are frequently lambasted online for all things customer service-related and beyond, Coulter’s polarizing persona has actually turned the tide in Delta’s favor. Coulter didn’t help either, not just attacking Delta but also the other passenger that was given her seat. Coulter called her "dachshund-legged" and implied she's an immigrant when she tweeted, "Immigrants take American jobs (& seats on @Delta)."

Critics are not only embracing the airline’s response, but according to Brandwatch, Delta’s sentiment is actually more positive than the numbers indicate. This is because a lot of the conversations around the topic are overrun with sarcasm (which the algorithm cannot read) and are negative reactions to Coulter that mention Delta in the same breath.

Delta’s sentiment was as much as 80.3% positive on July 13, but its sentiment has taken a hit since Coulter's mentions have started to attach themselves around its conversation. Even though these mentions aren't directly guided towards Delta, its sentiment is going down as the algorithm can’t determine if people are discussing Coulter or the airline.

“Delta is somewhat of the victim in this,” said Kellan Terry, senior data analyst at Brandwatch.

Coulter's conversation, on the other hand, is quite negative regardless of the incident, because she is a polarizing regardless.

Among those that rallied behind Delta included actor Matt Doyle, who said "I was impressed with your service recently. Most pleasant flights I've had in while. Oh and @anncoulter is evil, but what else is new," in a tweet.

I was impressed with your service recently. Most pleasant flights I've had in while. Oh and @anncoulter is evil, but what else is new.

On the other end of the spectrum were supporters of Coulter who vowed to boycott Delta because of the incident.

"You screw a customer then scold her for not being polite about it? Never flying Delta again. Plenty of other airlines to choose from," tweeted one user.

You screw a customer then scold her for not being polite about it?

Never flying Delta again. Plenty of other airlines to choose from.

 

Original author: Tanya Dua

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Jul
17

ELON MUSK: Tesla's stock price is 'low if you believe in Tesla's future' (TSLA)

Elon Musk took to Twitter on Monday to clarify comments that appeared to talk down Tesla's share price. 

I should clarify: Tesla stock is obviously high based on past & present, but low if you believe in Tesla's future. Place bets accordingly … https://t.co/4zbc6vqZSZ

The Tweet was a clarification of earlier comments made at the National Governors Association summer meeting over the weekend.

"I've gone on record several times saying our stock price is higher than we have any right to deserve," Musk said at the conference, according to video from CNBC.

Shares of Tesla sank following the comments. Tesla also had to contend with reports that a Tesla had crashed over the weekend while its Autopilot system was engaged. The driver of the Tesla involved in the crash on Monday denied that the vehicle's Autopilot system led to the incident.

Musk clarified on Twitter that Tesla's stock is priced high based on the past and the present, but not if you believe in the company's future. Musk has pitched a vision for Tesla where it owns the solar panels that charge a fleet of autonomously driving Teslas that come and pick you up at the touch of a button. 

Investors regularly price in their expectations for the future of a stock. After it was announced that Tesla expects to be producing 20,000 of its new Model 3 a month by the end of the year, shares popped. Shares also rose on news of an expanded service fleet, and huge battery installation in South Australia.

Shares of Tesla have grown 48.82% this year.

Markets Insider

 

Original author: Seth Archer

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Jul
17

This robot is designed to keep people safe, but it fell in a fountain and couldn't get up

The Knightscope K5 security robot's job is to be on the look out for crime. 

It might also want to keep an eye on where it's going. 

Officer workers at the Georgetown Harbour office and retail space in Washington D.C. tweeted photos on Monday of the building's K5 marooned and toppled over in a water fountain. The K5 is limbless, so it couldn't lift itself out of the fountain, and good old fashioned humanity had to come to the rescue.

It was perfect fodder for comedic tweets:

Our D.C. office building got a security robot. It drowned itself.

We were promised flying cars, instead we got suicidal robots. pic.twitter.com/rGLTAWZMjn

 

 

 

The K5 is designed to act as an extra set of eyes for law-enforcement and security services in public spaces. 

It's unclear how this particular K5 ended up in the fountain, which has steps leading into the water. It's possible it was the result of a prank. Earlier in April, a hardware engineer reportedly knocked over a 300-pound K5 robot, resulting in the engineer's arrest. 

We might laugh today at the shortcomings of robots, but there will surely be a day when they won't be so easily toppled.

Original author: Antonio Villas-Boas

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Jul
17

One small addition to my luggage has given me complete peace of mind when I travel

The Away x Tile luggage tag costs $30 and attaches to any piece of luggage. Away

I'm not exactly a calm, cool, or collected traveler. 

It's not for lack of trying: I always try breezing through the airport as if I know exactly where I'm supposed to go. I download my boarding pass to my phone like a real millennial, and I kick off my shoes and jacket as quickly as humanly possible while going through security so as not to hold up the line. 

But the truth is, my first airplane ride was at 17 when I went on a school trip to Washington, D.C., and I didn't fly again until I was 21 and going to California for the first time. 

All of this to say: I am not a traveling pro by any stretch of the imagination, so I eagerly accept any little little hacks that can make traveling easier. 

So when luggage startup Away offered to let me try a new high-tech luggage tag it created in partnership with Bluetooth tracking company Tile, I decided to give it a shot. The tag looks like any other luggage tag, but it has a narrow slot in the back for a Tile Slim. For anyone with an Away suitcase, the new tag looks almost identical, but it's a bit bigger and a bit heavier duty. 

Tile Slim is about the size of two credit cards stacked on top of each other, so it really is slim. Away

I tested the new tag on a recent trip to Los Angeles. While I was lucky to snag a non-stop flight last-minute, I had a problem: Because I chose United's new Basic Economy fair, I was required to check a bag. 

This was a frightening proposition for two reasons: I never check bags because that adds to the hassle of finding it once I disembark, plus it adds time waiting around at the airport. I'm not a seasoned traveler, so I'd rather just keep my suitcase with me at all times and avoid an added layer of confusion, even if it means dealing with tiny liquids. 

My other worry was a thought everyone has when checking a bag: What if the airline loses it? 

Thanks to this new Tile tag, though, that fear quickly dissipated. All I needed to do was download the Tile app, activate my device, and pair it with my iPhone. My phone communicated with the Tile using Bluetooth: If my bag was too far away from me, I got a push alert as soon my phone couldn't find my luggage. I could also open the app and locate the last-known location of my suitcase. 

That gray circle is the last spot my bag was detected. Away

The tag works both ways, too. If I had my luggage but couldn't find my phone, all I had to do was squeeze the Tile and it would cause my phone to ring loudly. 

There's only one downside of Tile, and other Bluetooth trackers like it: Since the tracking capabilities rely on Bluetooth technology, it's dependent on you having access to the app and having Bluetooth turned on. If your phone is inside your suitcase and you lose your suitcase, you're out of luck until you can get on the app on another device. Still, having any type of tracking device is better than nothing. 

The tag could be attached to any other bag or backpack you'd like to keep tabs on, and you can also slide the Tile out of the tag and place it inside a wallet or purse. The Tile should last for about a year without needing to be charged. 

Away x Tile costs $30. You can learn more on Away's website. 

Original author: Avery Hartmans

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