Weekly Roundup- Cyber Security, Snaps Spectacles, Artificial Intelligence, Chinese Yuan

“Reading furnishes the mind only with materials of knowledge; it is thinking that makes what we read ours.”   ― John Locke

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Cyber Security and Self driving cars

Karamba Security, a cyber security startup based in Hod Hasharon, Israel, raises $2.5 million to keep self-driving cars safe from hackers. (Source Techcrunch)

-Who hacked Yahoo?Apparently, it was an Eastern European gang (Source Fortune) See also the main lesson to be learnt from the Yahoo breach ( Financial Times)

Artificial Intelligence

-The world’s largest technology companies; Amazon, DeepMind/Google, Facebook, IBM, and Microsoft, are collaborating to see the way forward for the future of Artificial Intelligence. The five tech titans, have joined forces to create a non-profit organization with an aim to advance the ‘public understanding of artificial intelligence technologies’ (AI) and to ‘ formulate best practices on the challenges and opportunities within the field’. (Source  Partnership on AI)

Snapchat Spectacles

-The cool Snap’s spectacles! Snapchat (renamed Snaps Inc.) recently released it’s first pair of sunglasses which record videos in 10-seconds. Isn’t that cool? According to Recode, the man behind Spectacles, Snapchat’s new smart sunglasses is Steve Horowitz, a former software engineer for Google’s Android platform.

-So why would users choose a pair of video sunglasses over traditional smartphones to take snaps? In a Wall Street Journal article, Evan Spiegel, CEO  Snap Inc responded by saying that the images are fundamentally different compared to those taken via a typical smartphone. He added that “Spectacles’ camera uses a 115-degree-angle lens, wider than a typical smartphone’s and much closer to the eyes’ natural field of view. The video it records is circular, more like human vision.” (Read more  at WSJ)

-How do the Snapchat Spectacles work?  According to the company, it has created the smallest wireless video cameras in the world, which are integrated into a pair of sunglasses and can take up to a day’s worth of Snaps on a single charge. It gets better, it’s available in 3 different colors!- BLACK, TEAL, AND CORAL!  (Find out how Snapchat’s Spectacles will work on the Verge)

Global Trade and Employment- Trade Policy in the EU

-More Wealth, More Jobs, but Not for Everyone- What’s going on?  Did the economists fail to ‘anticipate the accompanying joblessness’? And are governments just watching and doing nothing about it?  “… More global trade is a good thing if we get a piece of the cake…But that’s the problem. We’re not getting our piece of the cake….”  ( More at New York Times)

China’s Yuan- Renminbi 

-China’s ambition to ensure the yuan ‘enters the International Monetary Fund’s basket of reserve currencies’ has finally become a success. As from October 1, the IMF will make effective the new SDR basket which will also include the Chinese renminbi in addition to the current SDR basket currencies, which are the U.S. dollar, euro, yen and pound sterling. (Source-IMF)   But is it there yet? (Read more at Bloomberg)

Fake Bank Accounts at Wells Fargo 

-Apparently, the fake bank accounts at Wells Fargo began more than  5 years ago. In fact according to sources, the shocking fraudulent activities existed before 2011. Why didn’t anyone do something about it then? ( Read more at CNN Money)

 

 

 

 

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