Connect with us

Tech News

Silicon Valleys’ industry monopoly is over

(TECH NEWS) For years Silicon Valley has been home to the leading tech companies but one leader believes the Valley is about to lose their monopoly.

Published

on

silicon valley

Peter Thiel, a leader in entrepreneurism and investment who made his career in Silicon Valley, has now said that he believes the Valley will no longer be monopolizing the tech industry moving forward.

The billionaire Thiel, who launched PayPal, was an early investor in AirBnB and Facebook, and launched software company Palantir Technologies, spoke at the Future Investment Initiative in Riyadh, Saudi Arabia last week and shared some of his opinions on the future of the tech world, specifically its future outside the small pocket of California we know as Silicon Valley.

“I have been investing in the technology space — entrepreneur and investor over the past 20 years in Silicon Valley — and within the area of IT, it has for the last 10, 15 years in the US and the world been extremely centered on Silicon Valley,” he said at the event.

“I think there are a lot of reasons for that, but the question is, ‘Where is the growth going to happen the next 10 years?’ And what I would tend to think is that it will be more diversified from just Silicon Valley.”

Thus far, Silicon Valley has dominated the industry due to a large concentration of driven entrepreneurs and the abundance of mentors. Even now, California sees a hugely disproportionate percentage of venture capital deals made, despite rising competition throughout the world.

Per the most recent data coming out of the 2017’s third quarter, provided by the National Venture Capital Association and Pitchbook, show a huge gap between California-based companies and their competition. New York, who had the second highest number of deals made in Q3, with 188, only reached 32 percent of the number of deals closed in California in that same time, who had 580.

Here, it is easy to limit our view to companies based in the United States. Thiel, however, believes that the next wave of technology will be the product of a more global perspective.

“There was something very paradoxical about it all being in Silicon Valley, because after all these Internet companies are global in scope,” Thiel says. “They can be built anywhere. You just need some talented people, some capital, the right governance structures and so it was always this very odd question, why all the companies of this new global technology were built in one specific place.”

He went on to say that he believes China will be a big player in tech because of some up-and-coming companies that are moving into that space and doing creative work. Not only will things grow in China, but Thiel comments, “I don’t think there is a single other place, it is not a specific city or specific country, but I think in general there is much opportunity outside of Silicon Valley.”

Thiel’s opinions certainly strike a chord; it is strange that the tech world has been so focused on one small space in California considering the global scale on which the internet and tech operates. While there is surely competition in Silicon Valley, a broadening of horizons in the tech world will only lead to higher quality and more efficient product being released to the market.

Will hails from Northern California, earned a B.A. in English from Texas A&M University, and now calls Austin, Texas home where he works at a tech startup. He likes riding his bike an ungodly amount of miles and his favorite aesthetic is an open road. If you see him around he’ll likely be reading a classic American novel and drinking a Topo Chico.

Tech News

Another thing that can trick iPhone X facial recognition

(TECH NEWS) The iPhone X has had an array of challenges, even with their innovative facial recognition technology.

Published

on

iphone X facial recognition

Yiiiikes, a mask tricked Apple’s new Face ID feature. Vietnamese security firm Bkav Corporation recently held a demo pointing out flaws in the iPhone X’s facial recognition, claiming the technology is not as secure as Apple originally touted.

Bkav Corporation focuses on network security, anti-virus software, and mobile security software. Bkav Corp created a 3D mask that “beat” Face ID in a demonstration. The mask was crafted with a combination of 3D printing and 2D images.

When verifying users, Face ID takes photos using infrared cameras. The first photo creates the surface of the face then the second pic makes a mesh, reproducing the face in 3D. From there, Face ID uses AI technology to distinguish faces.

The 2D/3D hybrid is meant to throw off the AI feature specifically. According to Bkav’s VP of Cyber Security Ngo Tuan Anh, “Apple’s AI can only distinguish either a 100% real face or a 100% fake one. So if you create a ‘half-real half-fake’ face, it can fool Apple’s AI.”

Face ID is supposed to have a one million-to-one chance of false recognition.

Compared to Touch ID’s potential fail rate of fifty thousand-to-one, Face ID is meant to be way more secure. However, the risk of a false recognition increases with identical twins, siblings, and children under the age of thirteen since their facial features aren’t finished developing.

When iPhone X launched, Apple stated they worked with professional Hollywood mask makers and makeup artists to ensure Face ID couldn’t be fooled by masks or other prosthetics. While Apple noted Face ID should still work if users get haircuts, change facial hair, or sometimes wear glasses, masks weren’t part of the good-to-go features for unlocking phones.

If you’re one of the adopters of iPhone X, don’t start freaking out yet though. To create their mask, Bkav had to use a handheld scanner to get pictures of their target’s face. As in, the person whose phone they were trying to hack had to be in the same room to get the initial scans.

Plus, Bkav could have intentionally done a subpar job of setting up the Face ID. The obvious solution if you’re still worried? Add a passcode as well and don’t trust anyone who wants to make a mask of your face.

Read also: Do literally anything with your money besides buy the iPhone X

Continue Reading

Tech News

Well great, now the robots can do acrobatics

(TECH NEWS) Do you want Terminators? Because this is how you get Terminators. Bipedal robots can do backflips now…

Published

on

robots y'all

This is it. It’s happening. Robots.

A year ago Boston Dynamics robot Atlas was learning to stand and falling over while walking. Now, Atlas has been upgraded, allowing it to easily scale blocks parkour style, doing backflips, and even raising its arms triumphantly after nailing a landing.

And I am raising a card with a 10 for the solid execution, albeit shakily, because the first thing that went through my head watching those eerily fluid, human-like movements, was imagining it stomping over piles of human skulls with an AK in its cold, calculating hands.

We can build it. We have the technology.

Let’s hope it doesn’t find videos all those videos on YouTube of its creators tormenting the thing; prodding it with hockey sticks like a lion tamer with a chair, knocking boxes out of its arms, pushing it over, and kicking its robo-dog companions.

Atlas won’t forget that.

Imagine this thing chasing you in the woods, or down the street. In a few years, I wouldn’t be surprised if the Atlas bots were wearing badges. Atlas is far more spry than the dopey droids you might find in a Star Wars flick, and well on its way to creating Skynet from Boston Dynamics.

Guys, Atlas can do acrobatics now, like a ninja:

Anywhere human feet can tread, an advanced enough droid will be able to go (can we start calling them droids now?). If you knock them over, they get right back up. Those human-powered mechs have nothing on Atlas. Give it enough time, and Atlas will run circles around both Eagle Prime and KURATAS. They won’t need us puny humans for robot battles.

One day, they might not need us at all.

All jokes aside, it’s an incredible, awe-inducing advancement in robotics. Boston Dynamics also recently revealed a smaller, less creepy version of their robo-dog Spot to bring us SpotMini: a small four-legged robot that can climb stairs and moves similarly to the way a dog would romp about.

Just so you know, this is nothing to be afraid of… We’ve only just found out that robots are evolving at an alarming rate.

Continue Reading

Tech News

Social media giants are trying to operate without human controls but are failing

(TECH NEWS) Artificial intelligence (AI) is taking over in fascinating ways, but this big experiment of replacing human tasks is failing. Good news / bad news.

Published

on

ai robot not human

Let me tell you a story. In fact, let me tell you several.

A village in Macedonia had a small economic boom during the 2016 election, plagiarizing and stitching together pro-Trump messages on social media, then publishing the results as “news” in order to profit from Google ad revenue.

Back during the “Keep Calm and…” T-shirt fad, a shirt company went through a thoroughly justified PR apocalypse for selling products labeled “Keep Calm and Hit Her” and “Keep Calm and Rape a Lot.”

The 17th most popular website on Earth occasionally likes to tell women over 30 to freeze their ova.

So! That’s a parade of fail. What’s it got in common, beyond making any reasonable reader consider moving to an Amish community and trying to forget even the word “Internet”?

People. More accurately, their absence.

Veles, Macedonia churned out profitable nonsense about Trump slapping a protester (that didn’t happen) or getting the blessing of the Pope (Pope says nope) because Google ads are programmatic. There’s no QA component, no human eyes reviewing content and asking “is this worth advertising on?” or for that matter “is this blatantly false?”

Likewise the Evil T-Shirt Crisis. The company generated slogans by dropping memes into an algorithm, then throwing the result on Amazon. That ended… poorly.

We, and every other tech and business network in the digital cosmos, have written in depth about all the dang robots taking our jobs. Usually our primary concern is the economic fallout. We’re a business news organization. It’s our job to warn you about that stuff.

But there’s another problem, and it’s a huge problem, especially as media consumption in general continues to rise, and more and more of that media is moderated by algorithms rather than people.

Robots aren’t just taking our jobs. They suck at our jobs. Algorithms may play go, but they aren’t ready to make value judgments yet. A quick Google will yield a dozen more examples of AI failures just as repulsive and/or hilarious as the ones on my list. And the real punchline for all of that?

It’s good news.

For once, the robot apocalypse is cutting us puny humans a break. It’s creating jobs almost as fast as it’s gobbling them up, because at this point, it is excruciatingly clear that robots aren’t ready to produce work people can actually see. They’re not even ready to put ads on work people see, not without causing a PR catastrophe every other month.

AI isn’t a better widget. It also isn’t an employee that doesn’t want benefits or take long lunches.

It’s a product in permanent beta, desperately trying to catch up to the constantly changing nuance of human interaction. It doesn’t work without homo sapiens holding its robot hand.

Let’s call it Salter’s Law: For every application of AI to customer-facing work, you will need to hire at least one human for damage control when the AI screws up.

Continue Reading
Advertisement

The
American Genius
News neatly in your inbox

Join thousands of AG fans and SUBSCRIBE to get business and tech news updates, breaking stories, and MORE!

Emerging Stories