Palmer Luckey, the virtual reality pioneer, left Facebook in 2017, six months after it was discovered that he had secretly funded a pro-Trump campaign group dedicated to influencing the US election through “shitposting” and “meme magic”. The 25-year-old Oculus founder now has a new venture, Anduril Industries, this time supporting Trump’s immigration policies directly through the creation of a surveillance system designed to detect unauthorised crossings of the Mexican border. Anduril Industries is one of a growing number of companies playing on the fear of “bad hombres” to cash in on government contracts for hi-tech virtual alternatives to physical wall. From drones and sensors to AI-powered facial recognition and human presence detection, these surveillance systems promise cheaper border control but at what cost to civil liberties? “These systems are reflective of advances in sensor and analytics technologies that are going to have … [Read more...] about ‘Surveillance society’: has technology at the US-Mexico border gone too far?
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Apple has snapped up a Cambridge-based start-up whose technology could significantly improve the quality of photos taken on iPhones. The Daily Telegraph understands that Spectral Edge, which was spun out of the University of East Anglia's Colour Lab, is the latest British company to have been acquired by the US giant. Filings on Companies House suggest all Spectral's directors had had their appointments terminated. Instead Abogado Nominees, a holding company which acts for Apple, and Peter Denwood, Apple's international director of corporate law, have been appointed as directors for the company. Spectral's registered address was also changed to 100 New Bridge Street in London, which is the address... … [Read more...] about Apple swoops on East Anglia spin-out developing new camera technology
A Reuters file photo of an agricultural field. ISLAMABAD: Introduction of modern technology and provision of all possible facilities for the farming community are among top priorities of the government because the agriculture sector is the backbone of Pakistan’s economy, said Prime Minister Imran Khan. Talking to Asian Development Bank (ADB) Chief for Rural Development and Food Security Dr Akmal Siddiq on Wednesday, the prime minister pointed out that practical steps were being taken under a comprehensive strategy to boost the agriculture sector because a major chunk of the population was directly or indirectly associated with it. “The government is also focusing on the fisheries sector besides increasing production of wheat, rice and other major crops through the introduction of modern methods and technologies,” he said. “These sectors were neglected in the past despite the fact they have a massive potential.” The prime minister … [Read more...] about In Pakistan, modern technology for agri-sector top priority
Elara Capital has given a buy recommendation on Zensar Technologies with a target price of Rs 340. Shares of Zensar Technologies traded at Rs 256.9 around 2:25 pm on 14 June, 2019. The brokerage has set a one-year horizon for the stock to hit the target price. The brokerage interacted with senior management of Zensar Technologies at the RPG analyst day and learned that the turnaround in cloud and infrastructure services (CIS) is now being attempted in retail. "The management says of the total $750 million orderbook won in FY19, $300 million was from CIS, taking CIS to book-to-bill of 3.4 times. We believe this is a significant development, given the CIS business had won its first major cloud and new generation infrastructure contract in 4QFY18 with an $80 million win with the City of San Diego, California, the US," said the brokerage. The management affirmed four acquisitions, that the company has made, have scaled up well and employee numbers for two acquisitions, Foolproof and … [Read more...] about Buy Zensar Technologies, target Rs 340: Elara Capital
NEW DELHI: IT major HCL Technologies Ltd today announced acquisition of UK's Point to Point Ltd and Point to Point Products Ltd for GBP 8 million (approx Rs 78 crore). The company also fully acquired HCL Training and Staffing Services Private Ltd for Rs 2.35 crore. In a BSE filing, HCL Technologies announced "acquisition of 100 per cent stake in Point to Point Ltd and Point to Point Products Ltd (jointly referred to as P2P), the companies incorporated in the UK and being a niche provider of complex workplace engineering services in the UK, for cash of GBP 8 million". It further said it has also fully acquired its promoter group firm HCL Training and Staffing Services Private Limited (HCLTSS), a company incorporated in India, engaged in the business of rendering of training in IT and ITeS." "This acquisition will enable HCL Technologies Ltd to supplement hiring of trained resources... The transaction is being done at a cash consideration of Rs 2.35 crore," the company added. The … [Read more...] about HCL Technologies fully acquires UK firm and promoter group company
Andy Mulholland, Chief Technology Officer, CapGemini Andy Mulholland, the chief technology officer (CTO) of the Paris-headquartered IT services firm CapGemini, is a walking tech encyclopaedia of sorts. He began his career with mainframes, the kind that needed water cooling, went on to mini computers, moved into the PC era and is now in the social networking age. He has about 40 years of experience in technology, of which over 15 have been spent as CTO of CapGemini. A fallout of this long liaison with technology and familiarity with the computer keyboard is that he’s almost forgotten how to write, Mulholland says, only half-jesting. Mulholland, who mixes British humour (he’s Irish, actually) liberally with technology talk, is responsible for advising CapGemini’s clients on what technologies to adopt. He’s in India to speak at a few forums on new trends such as enterprise mobility and social networking, and also meet customers here. About three … [Read more...] about Technology battle today is all about people: Andy Mulholland, CapGemini