The battle between man and the machine went pretty devastating for the “homo sapiens”. Chinese multinational e-commerce, retail, internet and technology conglomerate Alibaba, has developed an artificial intelligence model that actually beat humans in a Stanford University reading and comprehension test. Based on more than 500 Wikipedia articles, Stanford’s set of questions are designed in the way they are teasing out whether machine-learning models can process large amounts of information before supplying precise answers to queries. Alibaba’s Institute of Data Science and Technologies pronounced that its deep neural network model scored 82.44 in the Stanford Question Answering Dataset (SQuAD) on Jan. 11, beating the human
Ford Motor Co decided that they will significantly increase their planned investments in electric vehicles to $11bn by 2022 and have 40 hybrid and fully electric vehicles in its model line-up. At the Detroit Auto show that happened last week, the company’s chairman, Bill Ford, said that the whole investment is much more higher than what was previously announced ($4.5bn by 2020). He also added that this investment includes costs of developing dedicated electric vehicle architectures. General Motors, Toyota and Volkswagen have already outlined ambitious plans to offer more electric vehicles and also did General Motors who made his announcement last week about new driverless vehicle.
China has surpassed U.S. as Starbucks‘ fastest growing market and also the second largest with opening one store in China every 15 hours. Starbucks already operates more than 3,000 stores in the country and 2,000 more by 2021. Focusing on China, Starbucks opened its 30,000 square-feet store, that is now their biggest cafe in the world, in Shanghai. Customers at this beautiful outlet settled on the West Nanjing Road shopping strip, now can watch beans being roasted, sample high-end brews and use a Starbucks augmented-reality digital app to interact with the store. The Shanghai Roastery will also be the first of Starbucks’ 27,000 locations worldwide,
The Swiss-based company WayRay that makes augmented reality for cars, won the grand prize in a start-up competition at the Los Angeles Auto Show on Tuesday. It’s augmented reality driving system makes a car’s windshield looking like an actual video game. WayRay made its way into this year’s Top Ten after being selected out of over 300 applicants thanks to its innovative approach to user experience design. After making it to the Top Three alongside an impressive group of innovative startups from around the world, including Ohio-based GhostWave and Israel’s Innoviz Technologies, they were named this year’s winner of the 2017 Top Ten Automotive Startups Competition. They developed holographic augmented-reality technologies for advanced
Alibaba’s Singles’ Day Shopping Festival is like no other. If you may think of an Academy Awards, Superbowl and Shop-Til-You-Drop combo – you’ll get a rough perspective of what this celebration of consumerism may look like. What actually happened, that made Alibaba Group Holding Ltd.’s Singles’ Day generate a record $25.3 billion in sales? This e-commerce giant started working with more traditional retailers to market discounted lobster, iPhones and refrigerators to shoppers from at least 225 countries and regions. To pump merchandise, the Chinese company also hosted a star-studded gala with film star Nicole Kidman and American rapper Pharrell Williams. Chief Executive Officer Daniel Zhang
Singapore is attracting the world’s leading artificial intelligence talent because of its status as a cosmopolitan society and strong state backing for technology research, according to the head of the private equity firm building a mega hub in the city for start ups involved in the sector. Joel Ko Hyun Sik, co-founder and chief executive of Marvelstone Ventures, said Alibaba’s announcement last week that it would site one of its global AI research facilities in Singapore was a shot in the arm for the republic’s ambitions to become a regional focal point for the fast growing industry. “There is a clear need for a big playground
As you might be aware, virtual reality shopping is well on its way to being commonplace. Alibaba, eBay, Ikea, Wayfair, even the hypercar manufacturer Pagani are all dabbling with the usage of VR headsets to help sell products. But this is all well and good for large companies who have the budget to trial such projects, but what about small and medium-sized online businesses who are unsure of whether VR will catch on? To begin with, there is seemingly nothing wrong with simply selling from your website like we’ve known for the last decade. It’s easy, efficient, and for anyone who has ever gone through the
Every day, our inbox gets flooded with gazillion startups claiming they’re on a path of market disruption. From another standpoint, numerous funds and banks love to talk about disruption and claim that we will live in a ‘brave new world’ thanks to services they provide. ‘Big Blue’, nickname for an IT giant from Armonk in New York state, decided to claim something different – that the digital disruption already happened. Now, some claims from the slide are quite exaggerated (Netflix?), but we will leave you to bring your own conclusions. The message IBM sends is quite clear and the question is what kind of services IBM offers to
Wanda Group’s IPO in Hong Kong does not make Wang Jianlin the richest man in China immediately
Highlighted business news in Taiwan, China and Hong Kong for Dec. 17, 2014
China’s biggest retailer, and possibly the world’s largest retailer globally, Alibaba has announced that today they sold over $9 billion worth of merchanise
A new online shopping platform for mothers, Totspot, allows mothers to easily buy and sell lightly used fashionable garments for their children.
Yahoo expects Tumblr to rake in $100M in 2015, reporting 40% growth in users and the introduction of new native mobile ad formats.
Chinese buyers can pay the reservation fee via Tesla’s Tmall store and pick up their car in five days’ time. Will this be a new sales model for Tesla elsewhere?