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

Roundtable Recap: July 27 – Slow Beginning, Steady Growth - Sramana Mitra

During this week’s roundtable, we had as our guest Hugh Massie, CEO at DNA Behavior International, a company that had a slow start and hovered in the $2-3 Million revenue range for the first six...

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Original author: Sramana Mitra

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Jul
27

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

BI Intelligence

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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

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
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

Timekettle’s WT2 real-time translation earpieces enable ordinary conversation across language barriers

At TechCrunch’s event in Shenzhen last month, we had a chance to test out the WT2, a clever and ambitious device from startup TimeKettle. It’s a pair of wireless earpieces; each person in a multilingual conversation wears one, and they translate what’s said into the language spoken by each participant. Essentially it’s a Babel fish, though admittedly a rough draft of one. Read More

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Jul
26

Man and Superman: Intersubjective Realities - Sramana Mitra

By Guest Author Frank H. Levinson In the previous three segments of this series, we looked at what a singularity is and as part of evidence for the possibility of a technology singularity, we studied...

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Original author: Sramana Mitra

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Jul
26

Thought Leaders in Artificial Intelligence: Josh Sullivan, SVP and Angela Zutavern, VP of Data Sciences at Booz Allen Hamilton (Part 3) - Sramana Mitra

Sramana Mitra: Do you want to take a different example from a different vertical perhaps and illustrate more of your point of view? Angela Zutavern: We can talk about healthcare. We partnered with...

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Original author: Sramana Mitra

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Jul
26

10 Founders On How They Built Their Successful Tech Startups In Podcasts - Sramana Mitra

Since startup ideas take entrepreneurs down many different paths on the way to becoming profitable businesses, here are the stories of a wide variety of founders and CEOs on how their startup ideas...

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Original author: Sramana Mitra

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Jul
26

Money Is A Consensual Hallucination

My favorite Onion article of all time (from 2010) is U.S. Economy Grinds To Halt As Nation Realizes Money Just A Symbolic, Mutually Shared Illusion. It starts off with some Bernanke brilliance.

“Though raising interest rates is unlikely at the moment, the Fed will of course act appropriately if we…if we…” said Bernanke, who then paused for a moment, looked down at his prepared statement, and shook his head in utter disbelief. “You know what? It doesn’t matter. None of this—this so-called ‘money’—really matters at all.”

“It’s just an illusion,” a wide-eyed Bernanke added as he removed bills from his wallet and slowly spread them out before him. “Just look at it: Meaningless pieces of paper with numbers printed on them. Worthless.”

This is not a new idea. From William Gibson’s book Neuromancer, one of the most important sci-fi books ever which established the idea of cyberspace in 1984.

“Cyberspace. A consensual hallucination experienced daily by billions of legitimate operators, in every nation, by children being taught mathematical concepts… A graphic representation of data abstracted from banks of every computer in the human system. Unthinkable complexity. Lines of light ranged in the nonspace of the mind, clusters and constellations of data. Like city lights, receding…”

Back to the Onion article.

“Sen. Orrin Hatch (R-UT) finally shouted out, “Oh my God, he’s right. It’s all a mirage. All of it—the money, our whole economy—it’s all a lie!”

Now, ponder Bitcoin.

“I’ve spent 25 years in this room yelling ‘Buy, buy! Sell, sell!’ and for what?” longtime trader Michael Palermo said. “All I’ve done is move arbitrary designations of wealth from one column to another, wasting my life chasing this unattainable hallucination of wealth. What a cruel cosmic joke,” he added. “I’m going home to hug my daughter.”

Or Ethereum.

“A few U.S. banks have remained open, though most teller windows are unmanned due to a lack of interest in transactions involving mere scraps of paper or, worse, decimal points and computer data signifying mere scraps of paper.”

I just read Kenneth Rogoff’s The Curse of Cash: How Large-Denomination Bills Aid Crime and Tax Evasion and Constrain Monetary Policy. I literally have zero cash in my wallet. On a daily basis, I’m dealing with very large sums of money across multiple companies, but it has completely become a functional abstraction to me.

As I did a fairly sophisticated transaction on my computer yesterday that moved cash into a cybercurrency, I had the phrase “money is a consensual hallucination” echoing in my head. Math and computers are helping reinforce this. And the government is watching.

Also published on Medium.

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Original author: Brad Feld

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Jul
26

Billion Dollar Unicorns: Ticket Monster To Invest In Groceries - Sramana Mitra

South-Korea based mobile e-commerce marketplace Ticket Monster has the distinction of being acquired by two Billion Dollar Unicorns LivingSocial and then Groupon, both of which spun it out. Today,...

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Original author: Sramana_Mitra

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Jul
26

Bootstrapping from Finland: Vainu CEO Mikko Honkanen (Part 3) - Sramana Mitra

Sramana Mitra: You had a bunch of paying customers before building the product. How much were they paying for the annual upfront payment? How did you find these companies? Mikko Honkanen: We use our...

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Original author: Sramana Mitra

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Jul
26

Vicarious gets another $50 million to expand its research team and build smarter robots

 Elon Musk and Mark Zuckerberg might not be able to agree about much when it comes to AI these days, but the pair do seem to see the same potential in Vicarious, a startup applying unsupervised learning techniques to robots. Musk and Zuckerberg were two of the early backers of Vicarious. The startup announced that it raised an additional $50 million in financing this morning (via… Read More

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Jul
26

Momenta raises $46M Series B for its self-driving car software

 Beijing-based Momenta announced this morning that it raised a $46 million Series B round led by NIO Capital, Sequoia Capital China and Hillhouse Capital. Momenta produces self-driving car software that applies deep learning to mapping, path planning and object recognition problems. Shunwei Capital, Sinovation Ventures, Unity Ventures and Daimler also participated in the round.Quite a few U.S. Read More

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  127 Hits
Jul
25

SEC regulators are coming after ICOs

 It looks like ICOs, shorthand for initial coin offerings, are about to undergo a lot more scrutiny.The SEC has concluded that the digital currency financing events will be regulated as securities, meaning unregistered offerings could be subject to criminal punishment. The decision was announced on Tuesday.To reach its findings, regulators evaluated an offering facilitated by “The… Read More

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Jul
25

$47 billion has been invested into ridesharing startups — here are 10 other things that money could buy

 When the ridesharing industry emerged in 2007, few would have believed it would grow into the cash-eating behemoth it is today. Dozens of companies, in hundreds of markets, have garnered just over $47 billion in equity and debt investment. To put that into perspective, we’ve put together a list of 10 things you could have bought instead. Read More

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  124 Hits
Jul
25

Sage Group buys Intacct accounting software for $850M

 British enterprise software company Sage Group has agreed to purchase Intacct, a 19-year-old accounting software company, for $850 million, the companies announced today. A cash and stock transaction, the deal aims to help build out Sage’s cloud financial management offerings. Read More

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  141 Hits
Jul
25

Wallflower wants to prevent cooking fires by making your stove smarter

 The fire department responds to a home fire every 86 seconds, and many of those start in the kitchen. Wallflower is a device that easily hooks into most electric stoves, between the outlet and the stove itself, to notify users if there is risk of a fire. If the stove is on when you leave the home, the Wallflower will send a notification to the your phone to remind you to turn it off. In fact,… Read More

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Jul
25

Node raises $10.8 million to find you better sales leads

 The first step of any salesperson is to figure out who to pitch, but some of them are wasting time targeting the wrong prospective clients. That’s the premise behind Node, a startup that says its platform uses artificial intelligence to find sales leads. In “stealth mode” for the past 2.5 years, the company is now announcing a $10.8 million venture financing round. Read More

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