Jeff Bezos is the richest person in history

Jeff Bezos in 60 seconds

Jeff Bezos is now the richest person of all time. That should put an Amazon smile on his face.

The Amazon CEO’s net worth reached $105.1 billion Monday, according to Bloomberg’s billionaire tracker. That eclipses the record previously held by Microsoft founder Bill Gates.

Forbes, the other major tracker of the net worth of the world’s richest, put Bezos’ net worth at a mere $104.4 billion.

The majority of that net worth comes from the 78.9 million shares of Amazon stock he owns. Shares of Amazon (AMZN) climbed 1.4% Monday, adding about $1.4 billion to his net worth.

Shares of Amazon (AMZN) are up nearly 7% so far in this year after rising 56% in 2017.

Bezos’ other holdings include the Washington Post and Blue Origin, a private space travel business that intends to take tourists to space.

Related: Jeff Bezos is the smartest guy in business

Bezos grabbed the title of world’s richest person in July, when he briefly passed Bill Gates. He moved back [...]  read more


Ripple’s XRP jumps on unconfirmed report Western Union plans to use its services for money transfers (WU)

Ripple priceMarkets Insider

  • Ripple’s XRP has rallied 20% off its intraday lows following an unconfirmed report Western Union is going to use its technology.
  • Ripple’s official Twitter account said earlier Friday the company has already signed three of the five largest money transfer firms.
  • Western Union finished the day up 5.9%.

Ripple’s XRP cryptocurrency is surging off previous intraday low prices, down just 4% Friday afternoon, following an unconfirmed report that said Western Union planned to use its blockchain technology for money transfers., which then briefly went offline, first reported the anonymous tip just before 3 p.m. ET. Shortly after, the price of XRP surged 20% off its intraday lows. Western Union’s stock closed up 5.9% after the report.

A spokesperson for Ripple declined to comment, saying the company “can’t comment on rumor or speculation.” Western Union also declined to comment. The two companies have previously worked together on a pilot program for distributed payment protocols in 2015. 

Ripple’s official Twitter account said earlier Friday that the company had already signed three of the world’s five largest money transfer firms:

Screen Shot 2018 01 05 at 3.46.50 PMTwitter

The tweet appeared to be a response to  [...]  read more

The State of Artificial Intelligence

Andrew Ng, one of the most prominent Data Scientists in the world who has previously led teams at Google Brain and Baidu, is a Co-Founder of Coursera recently gave a talk at EmTech. As the TMS Lead in Singapore I wanted to distill his words of wisdom on aspects that I have noted are very important in my years working in the Artificial Intelligence space.

Internet vs. Artificial Intelligence Era

The first is how being a company that does artificial intelligence well is completely different from a company that does technology well, which is completely different from a company that makes goods and services well. DHL and FedEx are centuries old logistics companies that have successfully made the jump into the internet age. Conversely, Eastman Kodak and Polaroid were camera companies that could not successfully make the jump into the digital age. The next twenty years will show which companies will make the jump from successfully from digital to AI.

I can’t stress the point of Strategic Data Acquisition enough. [...]  read more

The Most Important Skill In The Age Of Artificial Intelligence (AI)


No doubt each of us has come in contact with Artificial Intelligence (AI) — whether it is by shopping online and seeing ‘suggested for you’ products, or ads popping up in your Facebook feed, or at the bank when we are making a check deposit at the ATM. Other industries, ranging from health to fitness to media to dating apps to finance have all adopted AI in some capacity to optimize and automate their processes. Although known in the academic world since the 1990s, AI is only coming to mainstream utilization in recent years. So what exactly is the power of AI and why is it becoming so popular now?

AI is what is known as a forward model in computer science, meaning it is a computer model that makes decisions based on the input into the model, such as data that can be in the form of pictures, numbers, and really anything that is mathematically quantifiable. Thus, this type of model is able to modify its prediction based on the dynamic flow of input. So, the [...]  read more

Neurotechnology, Elon Musk and the goal of human enhancement

At the World Government Summit in Dubai in February, Tesla and SpaceX chief executive Elon Musk said that people would need to become cyborgs to be relevant in an artificial intelligence age. He said that a “merger of biological intelligence and machine intelligence” would be necessary to ensure we stay economically valuable.

Soon afterwards, the serial entrepreneur created Neuralink, with the intention of connecting computers directly to human brains. He wants to do this using “neural lace” technology – implanting tiny electrodes into the brain for direct computing capabilities.

Brain-computer interfaces (BCI) aren’t a new idea. Various forms of BCI are already available, from ones that sit on top of your head and measure brain signals to devices that are implanted into your brain tissue.

They are mainly one-directional, with the most common uses enabling motor control and communication tools for people with brain injuries. In March, a man who was paralysed from below the neck [...]  read more

Take it from the insiders: Silicon Valley is eating your soul

One source of angst came close to being 2017’s signature subject: how the internet and the tiny handful of companies that dominate it are affecting both individual minds and the present and future of the planet. The old idea of the online world as a burgeoning utopia looks to have peaked around the time of the Arab spring, and is in retreat.

If you want a sense of how much has changed, picture the president of the US tweeting his latest provocation in the small hours, and consider an array of words and phrases now freighted with meaning: Russia, bots, troll farms, online abuse, fake news, dark money.

Another sign of how much things have shifted is a volte-face by Silicon Valley’s most powerful man. Barely more than a year ago the Facebook founder, Mark Zuckerberg, seemed still to be rejoicing in his company’s imperial phase, blithely dismissing the idea that fabricated news carried by his platform had affected the outcome of the 2016 US election as a  [...]  read more

WhatsApp rings in the new year with global outage

WhatsApp went down in several parts of the world today, including parts of Europe, Asia, and South America. The crowdsourced website DownDetector found the largest concentration of outages in portions of England, Germany, and virtually all of the Netherlands, as well as parts of Italy, Spain, and Central Europe.

Outages were also reported in many major cities around the world, from Rio de Janeiro to Kuala Lumpur, Tel Aviv, Dubai, Mumbai, and Toronto.

Outages tracked by DownDetector began to spike around 9 a.m. Pacific, while a WhatsApp spokesperson said outages started around 10:30 a.m. Pacific.

“WhatsApp users around the world experienced a brief outage today that has now been resolved. We apologize for the inconvenience,” a WhatsApp spokesperson told VentureBeat in an email. The spokesperson did not share the cause of the outage.

This isn’t the first New Year’s Eve outage for the chat app used by  [...]  read more

‘Steve Jobs’ is an Italian company — and Apple can’t do anything about it

After years of legal battles, a pair of brothers — Vincenzo and Giacomo Barbato — have successfully managed to win a legal battle against Apple, earning the right to call their company “Steve Jobs,” after Apple’s iconic founder, according to la Repubblica Napoli.

The fight began back in 2012, when the two brothers noticed that Apple had never trademarked Jobs’ name. The pair were already in the process of starting their own clothing and accessory company after spending years creating products for other brands, and decided that “Steve Jobs” would be the perfect name for their new brand.

Apple, as one can expect, filed a motion against the brothers over the trademark with the European Union Intellectual Property Office. But according to La Repubblica Napoli, the tech giant may have lost by attacking the brothers specifically over their Steve Jobs logo — a stylized letter “J” with a bite taken out of the side and topped with [...]  read more

Digital residency pays off big for Estonia

Becoming a ‘digital resident’ of Estonia, Michael M. Richardson says, was “as easy as getting a fishing license in Minnesota” – upload a passport photo online, pay 100 euros at a registration office and wait approximately two weeks for the completion of a background check.

The 58-year-old American entrepreneur joined Estonia’s e-Residency program to help him get the company off the ground in Europe he had been contemplating for years. In January of 2015, immediately after he picked up his e-Residency card, Richardson launched E-Drive Retro, a startup that turns oldtimers into electric vehicles. It now has offices in Tallinn, Helsinki and Miami.

“I was able to begin operations seamlessly, despite the fact that I was living on Wall Street at the time and only spending a few days per month in Tallinn,” Richardson, who currently resides in Helsinki, told DW.

E-Drive Retro Start-Up Estonia (DWE/B. Bathke) E-Drive Retro: a decades-old British sports car (1972 Triumph roadster) with a spanking-new electric motor

The Republic of Estonia is the first country in the world to offer government-issued digital residency [...]  read more

Essential Phone review, four months later: The sun is setting on this experiment

Again, how long do we wait for Essential to figure this out?

With big money and big names involved, Essential was a deserved recipient of intrigue when it launched as a company with the promise of a great Android phone (and so much more). Weeks later, I wrote my original review of the Essential Phone in mid-August, and followed it up after a couple software updates with a definitive review on August 28. Even then, it clearly wasn’t a finished product; beta, at best. Dozens of reviews and weak sales numbers reflected that. Weeks later, I was already asking how much longer we would wait for Essential to “figure it out” with updates and accessories to make it a serious player without a series of caveats.

And now, at the end of December, over four months after my first review, some of the parameters have thankfully changed. Like a permanent $200 price drop to just $499, a couple dozen notable software upgrades, and the release of its 360-degree camera attachment. But even [...]  read more