Turbotodd

Ruminations on tech, the digital media, and some golf thrown in for good measure.

Archive for the ‘china’ Category

China Tops Top500 Supercomputing List

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For the first time ever, China has the most systems on the Top500 supercomputers list with 202, up from 159 six months ago.

By comparison, the U.S. dropped from 169 to 144, according to a report from CNET.

China also sits atop the Top500 list, with its Sunway TaihuLight supercomputer at China’s National Supercomputing Center in Wuxi reaching 93.01 petflops, or 93 quadrillion calculations per second.

But don’t rule out the U.S….

The United States might reclaim the top spot on the Top500 list, though. An IBM-built machine called Summit at Oak Ridge National Laboratory is designed to reach about 200 petaflops, double the performance of Sunway TaihuLight. It’s in a 10,000-square-foot facility that’s got a 20-megawatt power system for running the machine and keeping it cool. That’s enough electricity to power about 16,300 houses.
– via CNET

Written by turbotodd

November 14, 2017 at 9:34 am

Posted in 2017, china, ibm, supercomputing

A Snap Investment

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Happy Hump Day.

Chinese Internet firm Tencent has taken a roughly ten percent stake in the popular messaging app, Snap, according to a report by CNBC.

Tencent runs the WeChat messaging app, as well as online payment platforms and games.

Snap shares took a beating yesterday afternoon to the tune of 20 percent in after hours trading after reporting average revenue per user was up 39 percent YOY, but failing to meet Wall Street estimates.

Tencent is one of largest Internet companies in the world, featuring a variety of services that include social networking, e-commerce, mobile games, multiplayer online games, as well as it’s well-known instant messenger Tencent QQ.

Its WeChat mobile messaging service has over 1 billion monthly active users and is known as China’s “App for Everything,” including instant messaging, commerce, and payment services.

Written by turbotodd

November 8, 2017 at 8:55 am

Posted in 2017, china, messaging, snapchat

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Rooting for the People Who Make the Machines

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Happy Monday.

And go, those Houston Astros (sorry, Yankees fans…there’s always next year, and you have a great team).

We’ll see how the ‘Stros can hold up tomorrow against the Dodgers in what’s expected to be a very heated environment in game 1 of the World Series (literally…the temperatures at game time are expected to be around 95 or beyond!).

Some tech news you can use for the morning of October 23…Cisco is making yet another acquisition (just last week they bought San Jose-based startup, Perspica, which specializes in machine learning and stream analysis.)

This time the deal’s a wee bit bigger, some ~ $1.9B for BroadSoft, a 28 percent premium. As Bloomberg reports, the deal will give Cisco a “major new presence in cloud-based communications products and services.”

Also on the M&A/IPO front, Chinese online loan provider Qudian raised some $900M in a U.S. IPO, but is already coming under fire from local media about the “legitimacy of its business.”

According to TechNode, the company claims to have suspended student-targeted loans in November 2015 as the state issued a ban on online loans to college students following outrage over exorbitant rates and various financial scams.

The story went on to suggest added risk with the company’s reliance on Alipay for new user acquistion.

And the AI war for talent continues. The New York Times’ Cade Metz looks deep into the AI talent bench, and writes that salaries are spiralikng so fast that “some joke the tech industry needs a National Football League-style salary cap on AI specialists.”

No word as of press time as whether or not the AI gurus stand on the sidelines during the National Anthem.

Written by turbotodd

October 23, 2017 at 8:58 am

China Construction Bank (Asia) and IBM Developing Bancassurance Powered by Blockchain

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China Construction Bank (Asia) Corporation Limited and IBM today announced the development of the first blockchain-enabled bancassurance project in Hong Kong. Built on the IBM Blockchain Platform, the solution is designed to streamline CCB (Asia)’s bancassurance process and greatly enhance customer experience and the quality of services delivered through faster transaction processing time and increased transparency.

Bancassurance is an arrangement whereby a bank and an insurance company form a distribution partnership in which the sales associates of the bank can sell the insurance company’s products to the bank’s client base and through the bank’s channels. The arrangement can be hindered by delays in data transmission or incomplete information.

By working with IBM, CCB (Asia) and all parties on the blockchain now have a shared view of required policy data in real-time, reducing the need for time-consuming status checks which can delay processing time.

This is accomplished through a shared, immutable ledger used for recording transactions. It helps establish accountability and transparency among network participants, enabling CCB (Asia) and its partner insurers to deliver the services more efficiently.

The solution is now under testing with insurance providers and their clients and is expected to be available in the third quarter of this year.

The IBM Blockchain Platform which underpins the project is the first enterprise-ready blockchain service based on the Linux Foundation’s Hyperledger Fabric version 1.0. Hyperledger is an open source collaborative effort created to advance cross-industry blockchain technologies.

Written by turbotodd

September 21, 2017 at 11:52 am

Posted in 2017, banking, blockchain, china, ibm

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A Bit of a Bitcoin

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Happy Thursday.

CNBC is reporting that Bitcoin has gone back into freefall, down 7 percent after one of the biggest Bitcoin exchanges in China indicated it would be shutting down its operation.

BTC China said it will close by September 30th, as Chinese authorities crack down on cryptocurrencies.

Earlier this month, China regulators banned companies from raising money through initial coin offerings, or “ICOs,” and since that time, Bitcoin has fallen some 20 percent.

In other news concerning China, Bloomberg is reporting that President Donal Trump has blocked a Chinese-backed investor from buying Lattice Semiconductor Corp., only the fourth time in a quarter century that a U.S. president has ordered a foreign takeover of an American firm stopped on national security concerns.

Secretary of Treasury Steven Mnuchin had this to say:

“Consistent with the administration’s commitment to take all actions necessary to ensure the protection of U.S. national security, the president issued an order prohibiting the acquisition.”
– via Bloomberg.com

Lattice shares were down as much as 1.7 percent on the blocked sale.

According to Bloomberg’s report, Lattice makes programmable logic chips which have a vaiety of uses, including in communications, computing and industrial and military applications.

Written by turbotodd

September 14, 2017 at 9:01 am

No Yuan

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First China banned initial coin offerings.

Now Chinese authorities plan to shut down domestic bitcoin exchanges, writes The Wall Street Journal, which it claims will deliver “a final blow to a once-thriving industry of commercial trading for virtual currencies.”

Apparently regulators have been investigating bitcoin and other virtual currencies since the beginning of the year, but when it became evident that Chinese investors used bitcoin as a short against the promise of a falling yuan…well, you do the math.

Bloomberg reports separately that China is home to nearly a quarter of the the world’s bitcoin trades, but that this move by the Chinese authorities will “definitely slow the development of cryptocurrencies in China.”

The move can be viewed in the larger context of a broad clampdown on financial risk as we draw closer to next month’s 19th National Congress of the Communist Party of China.

Bitcoin users will still be able to trade cryptocurrencies in China without exchanges after this move, but the process is likely to be slower and come with increased credit report, says Bloomberg.

Written by turbotodd

September 11, 2017 at 9:09 am

Posted in 2017, bitcoin, blockchain, china, crytocurrency

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IBM Partners With Baheal Group to Bring Watson for Oncology to China

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IBM today announced that Baheal Pharmaceutical Group is extending the reach of Watson for Oncology to clinicians across China through a new multi-year strategic alliance.

As the primary channel partner for Watson for Oncology in China, Baheal will serve a key role in not only accelerating cancer patients’ access to cognitive technology, but over time, may also partner to bring Watson for Genomics and other future Watson Health innovation to China.

Baheal has a proven track record delivering value to hospitals across China working with more than 12,000 hospitals today, and the company has already implemented Watson for Oncology at Qingdao University Affiliate Hospital and Qingdao City Hospital, impacting more than 350 patients to-date.

IBM Watson Health is actively partnering with organizations like Baheal within China’s healthcare and technology community to establish an ecosystem that will bring the benefits of machine learning into clinical practice to serve the needs of doctors and patients while maintaining compliance with local laws and regulations, including data privacy and security requirements.

“Oncologists in China have very little time to spend with each of their patients, and by deploying Watson for Oncology across our network, we aim to give our doctors more time to focus on the best decisions they can make for their patients,” said Gang Fu, Chairman, Baheal Pharmaceutical Group. “Watson for Oncology will complement the robust digital health program that Baheal has already implemented in an effort to improve efficiency and quality across China’s healthcare system.” 

Watson for Oncology is a cognitive computing platform that was trained by Memorial Sloan Kettering Cancer Center in New York to provide evidence-based treatment options to oncologists. It identifies individualized treatment options, scales access to oncology expertise, and analyzes massive volumes of medical literature drawing from more than 300 medical journals, 200 textbooks and nearly 15 million pages of text.  

Watson also ranks evidence-based treatment options, linking to peer reviewed studies and clinical guidelines. Its machine-learning capability means it continuously learns, gaining in value and knowledge over time. Watson for Oncology is currently trained to assist clinicians in developing treatment plans for breast, lung, colorectal, cervical, ovarian, gastric and prostate cancers.

You can learn more about IBM Watson Health here.

Written by turbotodd

June 5, 2017 at 9:03 am

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