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Friday, 19 July 2019

NAB names Ross McEwan as new CEO

Former Royal Bank of Scotland CEO will take the reins of National Australia Bank.

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VMware to acquire Bitfusion for virtualizing AI accelerators

The Austin-based company has created an elastic and virtual OS for hardware accelerators.

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Orlando police once again ditch Amazon’s facial recognition software

Facial Recognition Illustration by James Bareham / The Verge

Amazon’s controversial Rekognition platform, its artificial intelligence-powered facial recognition software, is no longer being used by Orlando law enforcement, ending the second attempt to use the technology in a pilot phase in central Florida. The reason: the city didn’t have the necessary equipment or bandwidth to get it properly running and never once was able to test it live.

The news, reported today by Orlando Weekly, marks another high-profile setback for Rekognition, which has been plagued by criticism of its contributions to bias policing, unlawful surveillance, and racial profiling, as well as the clandestine way Amazon has gone about selling it to police departments while it’s still in active development.

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Tesla opens its first full V3 Supercharger station in Las Vegas - Roadshow

The new station is located right below the High Roller, near the Linq Hotel in the heart of Las Vegas.

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HBO's His Dark Materials TV series: New images, cast news, full trailer, release date - CNET

See new images of Iorek Byrnison and the Alethiometer in the lead up to the show's Comic-Con panel.

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Thursday, 18 July 2019

Southeast Asian cloud communications platform Wavecell acquired by 8×8 in deal worth $125 million

Wavecell, a cloud-communications platform for companies in Southeast Asia, announced today that it has been acquired by 8×8 in a deal worth about $125 million. The acquisition will help San Jose, California-based 8×8 expand in Asia, where Wavecell already has offices in Singapore, Indonesia, the Philippines, Thailand and Hong Kong.

Wavecell’s cloud API platform, which includes SMS, chat, video and voice messaging, is used by companies such as Paidy, Lalamove and Tokopedia. It has relationships with 192 network operators and partners like WhatsApp and claims its infrastructure is used to share more than two billion messages each year.

The terms of the deal includes $69 million in cash and about $56 million in 8×8 common shares. Founded in 2010, Wavecell’s investors included Qualgro VC, Wavemaker Partners and MDI Ventures.

In a prepared statement, 8×8 CEO Vik Verma said “8×8 is now the only cloud provider that owns the full, global-scale, cloud-native, technology stack offering voice, video, messaging, and contact center delivered both as pre-packaged applications and as enterprise-class APIs. We’re excited to welcome the Wavecell employees to the 8×8 family. We now have a significant market presence in Asia and expect to continue to expand in the region and globally in order to meet evolving customer requirements.”



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Microsoft demos its bid at creating 'secure' voting systems


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