When putting together a well-diversified, long-term portfolio, we can’t always keep ourselves exclusively invested in deep-discount, undervalued sectors. Sometimes, we want to have exposure to an industry, and need to make sure it is, by comparison, fairly priced.
Semiconductors are still hugely important in the modern tech economy. That seems so self-evident that you’d think we wouldn’t need to keep saying it, but as far back as when I was in college, a good 20 years ago, I was hearing that semiconductors were “old tech” and that the future was elsewhere. Yet here we are, and semiconductors are a $400+ billion industry.
There are a lot of plays within semiconductors, but I’m a big fan of the fabless companies. They don’t directly manufacture their designs, which saves a lot of money on production facilities, and makes understanding the business a lot simpler. In particular, I’d like to take a close
Business application platform Progress is making an unspecified number of job cuts at Chef after completing its previously announced $220 million acquisition of the Seattle-based enterprise automation technology company this week.
People impacted by the cuts include a portion of Chef’s engineering team, including employees in Seattle and other locations, prompting former colleagues and others in the developer community to rally around them on the #cheffriends hashtag on Twitter.
In an interview with GeekWire this week, Progress CEO Yogesh Gupta said the 40-year-old Boston-area company remains committed to Chef’s product roadmap, open-source projects and business customers, calling Chef a strong cultural match for Progress and “a perfect fit from an overall strategy perspective.”
“We continue to see tremendous potential moving forward with the folks from Chef that have come on board, and the Progress team working together,” he said.
Gupta said Chef’s strengths in enterprise automation
London-based venture capital firm Air Street Capital today published the State of AI Report 2020, its third annual survey canvassing research, talent, industrial, and political trends in the field of AI. Coauthored by University College London visiting professor Ian Hogarth and AI investor Nathan Benaich, the report aims to highlight technological breakthroughs and areas of commercial application for AI as well as the regulation of AI, its economic implications, and emerging geopolitical issues.
Among other findings, this year’s report implies AI remains mostly closed source, harming accountability and reproducibility, while corporate-driven academic “brain drain” appears to be impacting entrepreneurship. Self-driving cars are in the Precambrian stages. And political leaders are beginning to question whether acquisitions of AI startups should be scrutinized or outright blocked.
According to Air Street Capital’s report, only 15% of AI research papers publish their code, and there’s been little improvement on the metric since
Back in April, when New York City was in the grips of COVID-19, Yuan Mingyue relied on WeChat to keep in touch with relatives in China, to check on their health and to share how things were in New York.
The social media app’s video call function, similar to FaceTime, proved especially useful as a lifeline for Yuan, who came to the United States 10 years ago and lives in Queens, once America’s center for Covid-19.
While FaceTime works for Apple customers, not everyone in China owns an iPhone or another Apple device.
So when President Donald Trump’s WeChat ban was to take effect Sunday — even as a federal judge temporarily put the brakes on his order — Yuan began the dizzying task, like so many other Chinese Americans, of figuring out workarounds.
“We can use other Chinese platforms, like Sina Weibo or QQ, or otherwise just make a
After almost a decade since the game’s release on Mac, Valve’s iconic co-op zombie shooter “Left 4 Dead 2” has just got a huge update thanks to new content pack “The Last Stand.”
It has been many years since the infection first hit. Radio silence, no sign of life, nothing but lingering hopes… CEDA is not going to save us. But there is hope! A few brave souls have continued the fight against all odds, and soon we can all benefit from their resilience.
Created by the L4D2 community and officially endorsed by Valve, the update includes over 1,000 changes to the game, including 26 new survival maps, new weapons, new enemy types, new animations, and unused dialogue. There are also several new achievements, many bug fixes and a handful of user interface enhancements to make the game feel fresh again.
The only downside to today’s development for old-school gaming
AstraZeneca’s late-stage coronavirus vaccine trial in the U.S. remains on hold as federal investigators seek “answers to important questions” over its safety for patients, Health and Human Services Secretary Alex Azar told CNBC on Wednesday.
Global clinical trials for AstraZeneca’s Covid-19 vaccine, called AZD1222, were placed on hold Sept. 6 after one of the participants in the U.K. reported a serious adverse reaction. Following an investigation, AstraZeneca said on Sept. 12 that it had resumed trials in the U.K., though the U.S. trial has since remained on hold.
“Look at the AstraZeneca program, phase three clinical trial, a lot of hope. Single serious adverse event report in the United Kingdom, global shutdown and hold of the clinical trials,” Azar told CNBC’s “Squawk Box” in defense of the Trump administration’s quick development of a Covid-19 vaccine amid safety concerns.
“Still on hold here in the United States as the (U.S. Food