[TL;DR] Tech news that you shouldn’t miss this 10/10
Every evening, the best of Tech news is in the TL; DR of FrenchWeb.
TL; DR (invariable acronym) (21st century): initials of “too long; didn’t read“,
either literally “too long ; not read“
1. (Internet) To express that the message that was sent was not read because it was too long.
2. (Internet) To express that the following is a summary of the text too long.
SoftBank wants to take control of WeWork. The Japanese group is said to be ready to inject an additional 15 to 20 billion dollars into the American coworking giant.
Why this is important: Should the transaction go through, the investment would be made through SoftBank’s Vision Fund, a $ 93 billion XXL technology fund. At the end of this increase in WeWork’s capital, the American unicorn would see its valuation reach the 40 billion dollar mark. The company would then climb on the podium of the best valued start-ups in the world, only overtaken by Uber and Didi Chuxing, two firms specializing in VTC. Google is giving up on a $ 10 billion mega-contract with the Pentagon. The decision of the Mountain View firm leaves the field open to its competitors, in particular Amazon, but also Microsoft or Oracle.
Why this is important: In June, Google CEO Sundar Pichai presented a set of principles supposed to guide the development and use of artificial intelligence by the group, a subsidiary of the Alphabet holding company. The Mountain View (California) giant thus intended not to get involved in “technologies which are or could be harmful” and “weapons or other technologies whose main purpose or implementation would cause or facilitate the attack. physical to people ”. Another reason given on Tuesday to renounce the contract: “We determined that parts of the contract were beyond the scope of our government certification“, Specified the Californian group.
Neobanks are gaining ground, but are still not profitable. A third of customer wins were made by these new players, but with a few rare exceptions, they did not manage to generate positive results in 2017.
Why this is important: Neobanks and mobile banks have gradually succeeded in establishing themselves in a yet mature French banking landscape, but the long-term profitability of their business model remains to be demonstrated, said the French banking supervisor on Wednesday in a study. Despite the uncertainties about the ability of new banking players to build a profitable business model, a number of mobile and neobanks have nevertheless shown their ambition to be profitable by the end of 2020.
Why Goldman Sachs is betting $ 75 million on Egnyte’s cloud solutions. The American start-up expects this exercise to be the last before an IPO.
Why this is important: Egnyte’s mission is to help businesses transition their infrastructure to the cloud by replacing file servers, improving content management systems, and protecting sensitive content. It claims more than 14,000 paying customers around the world for its platform and cites major organizations using its solution such as Red Bull, Yamaha or BuzzFeed. Egnyte has succeeded in building a large portfolio of clients in a sector in which mastodons such as Google are also positioned, Microsoft or even Amazon. Not to mention the presence of companies such as Box or Dropbox, which also went public this year.
Pixel 3: Google is injecting more artificial intelligence into the camera. For example, the “photobooth” mode automatically takes a photo when the device considers that the ideal conditions are met.
Why this is important: The Pixel 3 relies more than Google’s previous smartphones on artificial intelligence. In particular, it allows the device, for each shot taken with the “motion” function (burst photos), to automatically select the best photo (eyes open, smiles) and offer it to the user. Another sign of the priority given to photography, Google has strengthened the capabilities of the device for selfies, which allow almost double the space in the photo (184%) compared to an iPhone X.
Future of Work: we must “reinvent the limits of current jobs”. A moderate deployment of new automation technologies over the next 10 to 20 years would result in increased investment of up to $ 8 trillion in the United States alone.
Why this is important: Four specific technological advancements are expected to dominate the 2018-2022 period as factors positively impacting business growth, according to international employers surveyed by the World Economic Forum. These are the ubiquity of high-speed mobile internet, artificial intelligence, widespread adoption of big data analytics, and cloud technology.