Apple uses its chip expertise to move ahead in AI
Businessam Staff
May 27, 2017
Mark Gurman, who seems to have quite a few reliable contacts around the Valley, reports in Bloomberg that Apple (NASDAQ:AAPL) is working on a hardware acceleration chip for artificial intelligence (AI) processing. The chip is known internally as the Apple Neural Engine. The chip could be incorporated into Apple mobile devices such as iPhone and […]
OPEC should watch Glencore’s Bunge jump
Businessam StaffMay 25, 2017
Glencore PLC’s designs on Bunge Ltd. have roiled the grain-trading world. Anyone with an interest in oil might also find it worthwhile to take a five-minute break from their OPEC vigil to consider this particular merger.As my colleague Gillian Tan laid out here, several factors have pushed Glencore toward Bunge. For its part, Bunge said […]
Lessons from a JetBlue founder on creating a High-flying startup culture
Businessam StaffMay 25, 2017
As major airlines deal with one PR crisis after another, one carrier has managed to fly above the turbulence: JetBlue airways. When United’s passenger-removal dilemma — and its viral video — became a social media nightmare, JetBlue highlighted its no-overbooking policy. While American Airlines and others are catching flak for reducing seat size, JetBlue can […]
How Snapchat, Airbnb, and Uber prove that just having an idea is worth more money than you think
Businessam StaffMay 25, 2017
In the pre-Internet 1900s, people protected business ideas because the opportunity to be “first” was a realistic possibility. Being first-to-market was a huge competitive advantage. To entrepreneurs like Thomas Edison and George Westinghouse and even the early dot-com boomers, ideas were hugely valuable and worth protecting. In the 2000s, business ideas are now a dime […]
What is bitcoin? A look at the digital currency
Businessam StaffMay 16, 2017
It’s worth more than an ounce of gold right now, it’s completely digital and it’s the currency of choice for the cyberattackers who crippled computer networks around the world in recent days. When the attackers’ “ransomware” sprang into action, it held victims hostage by encrypting their data and demanding they send payments in bitcoins to […]
In Nigeria bust, 33-Cent/Hour job doesn’t guarantee getting pay
Businessam StaffMay 11, 2017
On days when Dayo Fabajo’s bosses can’t afford to pay the 1,250 naira ($4) wage she earns for a 12-hour shift packing biscuits, they send her home early. Sometimes on her way out, she walks past pockets of stragglers lingering at the factory gates, a glaring reminder she’s easily replaceable. “Nobody complains,” Fabajo, 25, said […]