From: Paul H. Christiansen | 8/2/2016 1:46:21 AM | | | | This is why Elon Musk is buying SolarCity
Trust Elon Musk to bowl people over with a wild idea when they're least expecting it.
The entrepreneur announced Monday that his electric vehicle company, Tesla, has agreed to buy SolarCity, one of the nation's biggest names in solar energy, in an all-stock deal valued at $2.6 billion.
In a blog post, Tesla said bringing SolarCity under Tesla's roof will benefit both companies.
"By joining forces, we can operate more efficiently and fully integrate our products," the blog post reads, "while providing customers with an aesthetically beautiful and simple one-stop solar + storage experience: one installation, one service contract, one phone app."
washingtonpost.com
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From: Paul H. Christiansen | 8/2/2016 10:02:32 AM | | | | Why Verizon Made Another Acquisition to Bolster Its Internet of Things Business
Fleetmatics is one of the few profitable and fast-growing cloud software firms.
Verizon snapped up trucking tracker Fleetmatics Group for $2.4 billion in cash on Monday, the carrier’s second deal in recent weeks to bolster its small but fast growing business of connecting smart devices and sensors to cloud software over wireless networks.
Fleetmatics was one of the few public cloud-software companies to show consistent growth in revenue and profits at the same time. Its services to track trucks to improve safety and performance as well as providing scheduling and dispatching apps have been in high demand in an industry that typically moves slowly on new technology. The purchase comes just a month after Verizon bought startup Telogis, which also offers fleet-tracking cloud software and has partnerships with truck makers like General Motors, Mack, and Hino.
fortune.com
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From: Paul H. Christiansen | 8/2/2016 5:25:40 PM | | | | Why Didi Chuxing is buying Uber in China
Uber’s quest for global dominance has long seemed unstoppable.
But, like many tech companies before it, the ride-hailing juggernaut has hit a wall in China.
Didi Chuxing, Uber's archrival in China and the largest ride-hailing service in the country, is buying Uber’s China operations.
The deal has a lot of advantages for Uber, which is privately valued at $68 billion. The San Francisco company will receive a $1 billion investment from Didi, according to individuals familiar with the agreement. Uber, which will maintain its brand in China under Didi's ownership, will receive a 17.7 percent stake in Didi, according to a press release sent from Didi. The terms are evidence that Uber put up a strong fight and that both sides had a lot to gain from a partnership.
Cheng Wei, founder and CEO of Didi Chuxing, said, “Didi Chuxing and Uber have learned a great deal from each other over the past two years in China’s burgeoning new economy," he said in the release. "This agreement with Uber will set the mobile transportation industry on a healthier, more sustainable path of growth at a higher level.”
washingtonpost.com
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From: Paul H. Christiansen | 8/2/2016 5:28:40 PM | | | | How Apple’s latest earnings reveal the quiet genius of iTunes
In the past, I've been open about not being a great fan of iTunes, Apple’s once-revolutionary music software. I’m speaking somewhat hyperbolically, but I think iTunes has morphed into a multimedia management nightmare -- with a disjointed style and complicated menus that try to "organize" my media in ways I never wanted to. But while the program occasionally makes me long for the days of my well-ordered CD collection, I have some newfound respect for its purpose and what it accomplishes for Apple.
[ Why Apple and Google are struggling to design simple software]
After Apple’s earnings report last week, there’s little denying that, in iTunes, Apple has an amazing golden goose. Apple reported that the "services" sector -- known to most people as "Things iTunes controls" -- made just under $6 billion in the last quarter and grew 19 percent from the same time last year. And services has made Apple a whopping $23 billion so far this year.
That's pretty impressive.
Furthermore, chief executive Tim Cook has said that the company projects that its services sector will earn as much money as a Fortune 100 company by the end of 2017. That sounds like a bold claim -- but Northwestern Mutual, at #100, pulls in $28 billion in annual revenue. And if one thinks about iTunes and the businesses the services sector has managed to disrupt, it’s actually a fairly believable claim. There’s a reason that iTunes has become a sprawling behemoth of a program. It’s because it’s competing with so many businesses. It’s music, sure, but it’s also movies and software (in the form of apps) as well as iCloud.
washingtonpost.com
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From: Paul H. Christiansen | 8/2/2016 5:32:57 PM | | | | This Is the Robot Maid Elon Musk Is Funding
Inside a secretive AI nonprofit backed by Elon Musk and other Silicon Valley figures, a handful of robots designed to help out in warehouses are gradually learning how to do useful household chores.
OpenAI, which was created to do basic AI research, is reprogramming robots developed by Fetch Robotics, a company that supplies warehouse automation hardware. Researchers at OpenAI are equipping the robots with software that lets them train themselves through trial and error.
The effort reflects a bet that innovations in software and machine learning, rather than breakthroughs in hardware, are the way to give robotics remarkable new capabilities. Fetch makes a range of robots for warehouses, including systems that follow workers around a building, carrying items dropped into a basket. OpenAI is using a system that features a mobile base but also 3-D depth sensors, a 2-D laser scanner, and a robotic arm with seven degrees of freedom.
Abbeel’s robots learn tasks from scratch, using a neural network that receives sensor input and controls physical movement. The network adjusts its parameters automatically as it inches closer to its goal. A robot might try thousands of grips, for instance, in the process of learning how to hold a certain object.
technologyreview.com
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From: Paul H. Christiansen | 8/2/2016 5:34:50 PM | | | | Better Than Opioids? Virtual Reality Could Be Your Next Painkiller
Not so far in the future, your doctor might prescribe playing a few games in virtual reality to ease aches and pains, rather than popping a pill.
That’s Matthew Stoudt’s hope, anyway. He’s the CEO of AppliedVR, a startup that’s building a library of virtual-reality content for alleviating pain and anxiety before, during, and after medical procedures. The company is working with hospitals and doctors to get patients using the technology on Samsung’s Gear VR headset and to study its effectiveness as well.
So far, the company has created three different virtual-reality pain applications, as well as one for reducing anxiety, Stoudt says, and it’s using some third-party content, too. Headsets running AppliedVR’s platform are being used in hospitals, doctors’ offices, and clinics for things like drawing blood and administering epidurals, as well as for pain management after operations.
technologyreview.com
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From: Paul H. Christiansen | 8/2/2016 10:46:37 PM | | | | Bitcoin Sinks After Hackers Steal $65 Million From Exchange
Bitcoin plunged after one of the largest exchanges halted trading because hackers stole about $65 million of the digital currency.
Bitcoin slumped 5.3 percent against the dollar as of 10:17 a.m. on Wednesday in Tokyo, bringing its two-day drop to 13 percent. Prices also sank 6.2 percent on Monday, although it was not clear if that initial move was related to the hack.
Hong Kong-based exchange Bitfinex said on Tuesday that it halted trading, withdrawals and deposits after discovering the security breach. The exchange said it was still investigating details and cooperating with law enforcement, but acknowledged that some bitcoin have been stolen from its users.
bloomberg.com
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From: Paul H. Christiansen | 8/2/2016 10:50:15 PM | | | | Big Spending Makes a Comeback While Austerity Starts to Fade
Was Larry Summers right after all?
Around the world, governments are planning fresh spending to boost growth and support wages, heeding the advice of the Harvard University economist and others who have argued that economies need the jolt as society ages and productivity sags. That’s signaling the ascendancy of energizers like Japanese Prime Minister Shinzo Abe, and the firing of austerity advocates such as former U.K. Chancellor George Osborne.
The shift away from budget rigor and reliance on monetary policy has been subtle and isn’t universal. So while countries like Canada and South Korea are among those rolling out fiscal stimulus, others such as Germany are still holding firm. Borrowing heavily to support growth in the euro area is still out of favor.
Nevertheless, the global mood music now is different from most of the period since the last financial crisis. Instead of the doctrine of belt-tightening and spending cuts, today’s political narrative talks about higher-quality jobs, investment, or the dangers of inequality. In few economies is this more obvious than in America. Where once the government shut down during a spat over spending, now neither candidate in the U.S. presidential election is talking much about the deficit.
bloomberg.com
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From: Paul H. Christiansen | 8/2/2016 10:52:55 PM | | | | The Humbling of American Tech Giants in China
Not so long ago, American tech giants viewed China as theirs for the taking: 1.4 billion people, a growing middle class, an affinity for American pop culture from Titanic andFriends to Michael Jackson. And, apparently, a tendency to see U.S. goods and services as attractive or superior.
That triumphal script was again rewritten as Uber conceded defeat in its no-holds-barred dust-up with Didi Chuxing. After a costly battle in which both sides shelled out billions subsidizing rides, Chief Executive Travis Kalanick decided to call off the war, agreeing to a deal in which the local champion acquires Uber’s China operations in return for a seat on Didi’s board and a slice of the Chinese company. The move came only a year after the famously brash Uber impresario declared China, the world’s largest ride-hailing market, his most important target.
In other words, Kalanick came, he saw, he most certainly didn’t conquer.
bloomberg.com
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From: 04572945872 | 8/3/2016 1:25:39 AM | | | | a yale education:
telegraph.co.uk
china will be sanctioned
marco rubio = matt damon = jason bourne
the fate of the entire world is being decided in florida
marco rubio fighting carlos beruff aka carlos the jackal
team rubio: whites, blacks, aboriginals, asians
team carlos the jackal: the chinese government, terrorists, the north korean government
2017: A New American Century Begins
Marco Rubio = King
3 Queens = May, Merkel, Clinton
Marco Rubio talks about
Now the moment has arrived for our generation to do our part
We must endure about 3.5 years of economic crisis to ensure World Bank defeats AIIB and the Dollar is used in over 80 percent of trade in Asia during the 21st century
also Koch Industries must control South China Sea
early 2017: flair up in South China Sea, American debt to China cancelled
early 2017: heaviest sanctions possible enacted upon Chinese government
American production of Virginia Class submarines remains at 1 per year
sanctions enforced at port level
Chinese government overthrown by Chinese people
Imagine what a responsible Chinese government and the US could do on issues of global jihadism and so forth
To crush ISIS, one must crush its spine, its spine is that it dreams the Silk Road can one day reemerge with the current Chinese government, one must make sure that they will know that that will never happen unless the Chinese government is replaced with a responsible democratic government that does not take short cuts by conducting cyber-espionage upon the American Technology Sector and the American Government, that does not abduct, torture, and kill dissidents, does not take territories from other countries, does not obstruct the ambitions of South Korea and Japan, and does not sell illegal non-perscription fentanyl to America
Gist? There will be no exponential growth in stocks if Trump wins as he will concede yuan introduction to SDR of IMF, and success of AIIB, American stocks will plummet (duration of economic crisis = in the decades)
If Marco Rubio becomes King with his 3 queens, stocks will plummet and then stocks will grow exponentially (duration of economic crisis = 3.5 years)
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