Posted by Sheila Shayon on January 10, 2014 12:55 PM
IBM remains bullish on Watson, its supercomputer made famous on Jeopardy!, but it is having a hard time leveraging the super-smart artificial brain beyond trivia and into revenue-producing businesses.
IBM maintains that Watson has revolutionary real-world applications in a variety of verticals including health care and investing, with CEO Virginia Rometty projecting that Watson would generate $10 billion in annual revenue within 10 years. But according to Wall Street Journal, as of last October, Watson wasn't meeting revenue hopes, generating "only" $100 million. Setbacks include costs in “training” Watson “to master the particulars of various businesses.”
To better realize its potential, IBM announced at CES this week in Las Vegas that it is investing $1 billion into making Watson the centerpiece of a new business group based in New York—a group that will build out a productive and profitable ecosystem for the super-computer. Already employing 2,000 people, IBM projects the unit to create $20 billion in revenue by 2015.Continue reading...
tech in the spotlight
Posted by Sheila Shayon on January 8, 2014 07:23 PM
T-Mobile President and CEO John Legere’s performance wins day three at CES 2014. He took to the stage, can of Red Bull in hand, and excoriated his competitors, attacking AT&T, Sprint, and Verizon for poor service, high prices, and for generally not being cool.
But his most vehement attack was on AT&T, whose CES party Legere infamously crashed earlier this week. "AT&T is a total source of amusement for me. They are the ones that take my bullshit. Dumb move. They take the bait."
Continuing on its 'Uncarrier' streak, T-Mobile announced it will pay customer’s up to $350 per line to cover early termination fees and release them from an existing plan on a competing carrier. "We're giving families a ‘Get Out of Jail Free Card," Legere said in the press release.
The announcement adds wood to the already smoldering fire between T-Mobile and AT&T, which last week announced it would pay $200 for every line T-Mobile customers switched over (requiring those customers buy a new AT&T phone.) Legere called AT&T's promotion a "desperate move," and countered, “Try the network, try what we're doing. And if it doesn't work, these pricks will pay you to come back!"Continue reading...
Posted by Sheila Shayon on December 17, 2013 05:43 PM
As the year readies to close out, it's time for the annual onslaught of year-end lists of best ofs, worst ofs, and 2014 look-aheads. So in due course, IBM has released its annual 5 in 5 annual technology predictions, highlighting what the company thinks will come to the forefront in the next five years.
“We try to get a sense of where the world is going because that focuses where we put our efforts,” Bernie Meyerson, VP Innovation at IBM, told VentureBeat. “The harder part is nailing down what you want to focus on. Unless you stick your neck out and say this is where the world is going, it’s hard to turn around and say you will get there first. These are seminal shifts. We want to be there, enabling them.”
Among the expected innovations in cloud computing and smarter cities, IBM expects there to be significant changes in the way the medical community treats illness, and how our digital lives are made more secure.
The new list of tech trends and innovations that IBM expects to impact our lives in the years ahead:Continue reading...
Posted by Dale Buss on December 2, 2013 11:22 AM
Elon Musk is going on a rocket ride this evening, and it has nothing to do with the price of Tesla's stock. The serial entrepreneur will be watching as his other high-profile startup, SpaceX, is scheduled to make a critical commercial-satellite launch at 5:41 p.m. ET from Cape Canaveral.
It'll mark entry by SpaceX into the commercial-satellite market with its Falcon 9 rocket after a series of test flights and launches for NASA and the Canadian Space Agency. It will be the second of three flights the upgraded Falcon 9 must make before it can qualify for US military-launch business. The launch also will mark a crucial update on the progress of a company that plans to put rank-and-file passengers into space sometime in 2014.
And, of course, the launch will mark another testament to the engineering and entrepreneurial skills of the much-lauded Musk. He's been busy lately with Tesla, the electric-vehicle startup that has rocketed to the national and investor forefront over the last several months.Continue reading...
Posted by Sheila Shayon on November 29, 2013 06:12 PM
Now in its 12th year, the Electrolux Design Lab charges design-oriented entrants to create sustainable solutions for the home and beyond.
This year's competition, which opens March 1, focuses on creating healthy homes and offers a six-month paid internship and a 5,000 euro prize for winning design.
“Homes become more important as the challenges in the urban environment grow and as a result we want our homes to be the center of relaxation and peace of mind,” said Stefano Marzano, Chief Design Officer, Electrolux. “Design Lab is one way for Electrolux to build an innovation culture. In 2014 we are looking forward to receiving creative ideas on the theme Creating Healthy Homes, to help shape the future of people’s everyday lives into a positive direction and present propositions that envision healthy and sustainable lifestyles.”Continue reading...
Posted by Dale Buss on November 15, 2013 02:59 PM
Coca-Cola and Ford have come up with a unique approach to advance recyclable packaging: using Coke's PlantBottle technology to make car seat cushions, seat backs, head restraints, door-panel inserts and headliners in a new concept vehicle for the Ford Fusion Energi plug-in hybrid.
Scheduled to be unveiled at the Los Angeles Auto Show later this month, the car will demonstrate the first use of PlantBottle technology, which utilizes plant-based materials, beyond consumer packaging and is the first step in what the two brands say is a joint commitment to develop innovative new products from renewable content.
"It's important to realize that PET resin is part of the broader polyester family, so this is clearly the most significant partnership we have so far as we look at the broader impact of the potential for the PlantBottle," Scott Vitters, GM of the PlantBottle packaging platform for Coke, told brandchannel.Continue reading...
Posted by Dale Buss on November 14, 2013 10:49 AM
As recently as five years ago, Toyota was the unchallenged 800-pound gorilla of the global automotive business. Now after a few years that disproved its invincibility, the company finally looks menacing again to its competitors.
The company posted a 70 percent increase in third-quarter profit and once again is the world's largest car maker by number of vehicles sold, pushing 10 million units a year—a level no company yet has reached. It arguably finally has put behind it the series of crises that enveloped the company beginning in 2008, including the Great Recession, pricey yen, a recall and safety scandal, and some boring products.
And now, while he won't quite shout it from the top of a Tokyo skyscraper, President Akio Toyoda—grandson of the founder—has made it clear that Toyota "is finally ready to go on the offensive again," as Automotive News put it. At this point, the New York Times pointed out, Toyota clearly is ahead of Japan-based rivals Nissan and Honda in its recovery and growth.Continue reading...
Posted by Sheila Shayon on October 31, 2013 11:22 AM
L'Oréal Paris has found an unlikely partner in the pursuit of beauty—the Metropolitan Transit Authority. The pair have teamed up to host L'Oréal Paris' Intelligent Color Experience vending machines inside a New York City subway station that allows any straphanger to stock up on beauty items on-the-go.
Running in the 42nd Street-Bryant Park station between Nov. 4th and Dec. 30th, the intelligent vending machines actually scan a user's outfit to detect colors and style, in turn suggesting beauty products that "match or clash." Users can purchase items with a credit card, or if they choose not to buy on the spot, can email the look to themselves.
As more brands explore interactive shopping experiences through experiential marketing, L’Oréal’s latest offers a “real-life experience through technology,” Marc Speichert, CMO L’Oréal Americas, told the New York Times. “What’s amazing with the technology is that we’ll have the ability to measure the level of engagement," he said, based on “the number of people who pass by, the number who interact with each screen, the number who leave their information.”Continue reading...