Sign up here for The Morning Download, and get the most important news in business technology emailed to you each weekday morning.
Good morning. The eager anticipation of important new technology is often dismissed as hype. Sometimes, however, the most-hyped technologies, the dreaded "over-hyped" ideas that step beyond the bounds or normal or acceptable hype, turn out to be under-hyped. Those technologies, such as broadband networks, the smartphone and even the internet itself, are then understood as agents of disruption. The autonomous vehicle may be the latest example of this phenomenon.
The rise of autonomous vehicles is driving new opportunities in the auto supplier community with traditional powerhouses like
Delphi Automotive PLC vying against Silicon Valley in what could be a $20 billion global market for sensors, software and systems used in such vehicles by 2020, the WSJ reports. Says Glen DeVos, Delphi’s vice president of services: “This is as transformative to the automotive space as the internal combustion engine or the electric starter.” Delphi and other automotive companies and suppliers, as well as tech companies, dominated last week's Consumer Electronics Show and this week's North American International Auto Show with their focus on the quickly evolving autonomous vehicle.
Nvidia Corp., the chip maker for
Tesla's autonomous vehicle system, said on a conference call in November that the technology and the market for autonomous vehicles were developing much faster than expected. "It’s basically five years ahead ... 2021 ... that’s just a non-starter anymore," Nvidia CEO Jen-Hsun Huang said in comments reported by elektrek.co. None of this is to suggest that the streets will suddenly become filled with fully self-driving vehicles. That transition will take a considerable period of time, and may always leave something to the imagination. It does appear that the transition is real and that it is underway.
Christie’s names Richard Entrup global CIO.
Christie’s International has hired Richard Entrup as global chief information officer, the London-based auction house said Monday. Mr. Entrup, who began the job this month, comes from
Disney/ABC Television Group, where he oversaw the Media IT business engagement group. According to an online job posting previously reported by CIO Journal, the auction house noted a desire for CIO candidates to have security knowledge pertinent to e-commerce transactions, online attacks and privacy
- The Waymo driverless car is displayed during a Google event, Dec. 13, 2016, in San Francisco.
- Eric Risberg/Associated Press
Google redefines the "autonomous" in self-driving cars. John Krafcki, chief executive of
Alphabet Inc.'s Waymo auto unit tells the FT that its self-driving cars will be mostly cloud-free while in operation. “When we say that our cars are autonomous, it’s not just that there’s not a human driver, but also that there is not a continuous cloud connection to the car.” He added that cybersecurity was “something that we take very very seriously.”
- Goldman Sachs named Elisha Wiesel its new top-ranking technology officer.
- RICHARD DREW/ASSOCIATED PRESS
Goldman Sachs names CIO. Elisha Wiesel, 44 years old, is only the second person to hold the job of chief information officer, which was created in 2013 for R. Martin Chavez, who will take over this spring as
Goldman Sachs Group Inc.’s next chief financial officer, the Journal's Liz Hoffman reports. It comprises two formerly separate roles: overseeing the bank’s use of technology systems, and managing its army of so-called “strats,” the code-writers whose computer models and algorithms power Goldman’s trading desks. He joined Goldman as a "strat" in 1994 and was named a partner in 2004. He is the son of Elie Wiesel, the Holocaust survivor and human-rights advocate who died last summer.
MORE TECHNOLOGY NEWS
- Pedestrians walk along Wall Street in front of New York Stock Exchange in New York.
- BLOOMBERG NEWS
Wall Street trade infrastructure puts blockchain to work. The Depository Trust & Clearing Corp., an industry-owned utility firm at the center of Wall Street’s trading infrastructure, is moving part of its operations to a distributed ledger, the WSJ's Telis Demos reports. International Business Machines will lead the project, which aims to track credit-derivatives payouts between big banks using blockchain technology from Axoni, a startup helmed by early bitcoin engineers who last year shifted into creating networks for banks. The group will also work with banking industry consortium R3.
Two China firms firm partner on self-driving cars. Chinese internet firm
Baidu Inc. will work with state-owned auto maker
BAIC Motor developing self-driving technology, the two companies announced Friday. One goal is to have Level 3 vehicles, which still require human drivers, on the roads by the end of 2017, ZDNet reports. Baidu maintains a self-driving tech research unit in Silicon Valley, where last year it received permission by state regulars to conduct road tests.
Yahoo to change name to Altaba.
Yahoo Inc. said it will whittle down its board after completing its$4.8 billion deal with
Verizon Communications Inc., and several longtime directors, including Chief Executive Marissa Mayer and co-founder David Filo, will step down, the Journal reports. After the sale of its core internet business, the company will also change its name to
Altaba Inc. The name is a combination of the words “alternate” and “Alibaba,” signifying the company's remaining post-deal assets, which will include Yahoo’s stake in
Alibaba Group Holding Ltd. and Yahoo Japan.
China’s banking giants try to snatch share of mobile payments. The WSJ's Chuin-Wei Yap describes how China’s commercial and state-run financial giants are using regulations and new apps to get a piece of the world’s largest mobile-payments market, valued at $4.1 trillion by transactions in the year to Sept. 30. Currently the market is dominated by the country’s nimble tech firms such as
Alibaba Group Holding Ltd.’s Ant Financial and
Tencent Holdings Ltd.
Google in talks to sell its satellite business. Alphabet’s Google is in talks to sell its Terra Bella satellite unit to competitor
Planet Labs Inc. after deciding it did not need to maintain a fleet of satellites to access high quality images for its mapping service, the Journal's Rolfe Winkler and Jack Nicas report. The move fits into the recent era of financial discipline at the tech giant that began nearly two years ago with the arrival of finance chief Ruth Porat from Morgan Stanley. Alphabet has also recently pared back efforts in high-speed internet, robotics and modular smartphones.
Atlassian to buy Trello. Atlassian Corp., which makes collaboration software HipChat and Jira, will acquire the New York-based project management software maker for $425 million, Bloomberg reports.
Amazon acquires cyber startup. TechCrunch believes that Amazon Web Services has acquired cybersecurity startup harvest.ai. The San Diego firm uses AI to stop cyberattacks and protect customer data.
Russia link ends data center plans. A Lithuanian construction firm is suing the government for quashing a plan to build a data center over cyber concerns. "We warned the government that, once the data center is connected by fiber-optic cable to Russia, it could be linked by the (Russian) Federal Security Service to its radio electronic reconnaissance network," a spokesman for Lithuania's counter-intelligence chief, tells Reuters.
Snap bet on London. Snap Inc., the company behind messaging app Snapchat, said it plans to set up its international operations in the U.K., Reuters reports, by that expanding its existing presence. The decision comes as a boost to the country following the vote for Brexit.
EVERYTHING ELSE YOU NEED TO KNOW
Oil and gas companies, airlines and others have launched lobbying blitzes amid renewed hope for pro-business policy changes under a Trump administration. (WSJ)
European stocks traded lower in morning trading, with bank stocks falling more sharply. (WSJ)
Johnson & Johnson is planning to issue a report outlining how much it has raised the U.S. prices of its prescription drugs, the latest pharmaceutical company effort to address intense public concern about the cost of medicines. (WSJ)
FIFA, soccer’s global governing body, voted to add 50% more teams to the World Cup tournament starting in 2026. (WSJ)
Tom Loftus contributed to this article. The Morning Download comes from the editors of CIO Journal and cues up the most important news in business technology every weekday morning. >Send us your tips, compliments and complaints. You can get The Morning Download emailed to you each weekday morning by clicking >http://wsj.com/TheMorningDownload.
Source : https://blogs.wsj.com/cio/2017/01/10/the-morning-download-autonomous-vehicles-said-to-be-developing-faster-than-expected/Thank you for visit my website