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Technology

From Grudge to Nudge: Tech Companies Assist Insurers Shift Gear

Insurers are depending on real-time tech to assist them slash back payouts, from a network alerting them of ships of close by pirates to an app providing to buy a coffee for sleepy drivers on the motorway.

The lure of items pledging to save on claims in an extremely spirited market has resulted in a leap in spending in Europe for “insurtech” to over $400 Million (almost 294 Million Pounds) in the H1 of 2017, from merely $50 Million as compared to the same period a year ago. The motive is to shift insurance from a grudge acquisition, when the only communication with users is after something has gone incorrect, to a nudge item, heartening safer behavior.

From Grudge to Nudge: Tech Companies Assist Insurers Shift Gear

While the thought is not completely new, the tech is making it more widespread, indicating warnings from regulators regarding the jeopardy of discrimination. Insurers claim that they can navigate those dangers as they explore blockchain big data by analyzing reams of data for trends, as well as the AI technology at the back driverless drones, cars, and voice-recognition software. Blockchain is a tamper-proof databases updated and shared all over a network.

“The new techs have the latent to modify the game from risk mitigation to compensation,” claimed Head of Insurance Research in the UK & Ireland at Accenture, Simon Tottman, to the media in an interview. The largest surge of insurtech spending was in Britain, where, in spite of the vote to depart the EU, it banged $279 Million in the 6 Months till June from $9 Million a year previously, showed the data by Accenture.

In the remaining part of Europe, spending increased from $37 Million to $134 Million and some insurers are also making joint ventures with insurtech companies. An aim on analysis of social media in Britain to assess the likelihood of claims has powered worries regarding security of data. Admiral, the British motor insurer, had to dump plans in 2016 to take information from Facebook to lay down insurance premiums following oppositions by the social media major.

The Federation of German Consumer Organizations witness dangers in personal insurance from big data outweighing advantages, fearing it will move insurance from collectively spreading risk.

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Technology

esports Grapple for A Knockout at Tokyo Game Show

Leading eSports players at a show in Tokyo traded digital blows this week since dawdler Japan shifts to improve its game in the thriving segment that now draws almost millions of dollars per year.

Poorly dressed women hawking virtual reality operators and games will also battle for the attention of almost 250,000 male guests anticipated to visit the 4-day Tokyo Game Show, which started this week. But eSports took the center stage for the 1st time at the yearly event, since the best of the best encountered each other on virtual battlegrounds and in games such as Street Fighter V.

esports Grapple for A Knockout at Tokyo Game Show

They may not have household names such as Beckham and Ronaldo quite yet, but champions of eSports are getting superstar status nowadays days with millions of individuals jumping into the action around the world. Leading players can make billions in prize cash alone from contests played in front of almost 50,000 spectators at packed stadiums. There will be a full medal game in China at the 2022 Asian Games, while the freshly minted Kenneth Fok, the president of Asian eSports Federation, is aiming for a place at the Olympics.

In spite of their rising popularity in parts of Asia and North America, eSports are only now taking off in Japan, which is the hometown to videogame majors such as Nintendo and Sony. Prize money limits and operating limitations on public gaming have kept growth in the videogame-crazy nation in an inferior position, but the leading billing at the Tokyo show might put eSports to the next stage, industry analysts claimed.

“I expect Japanese users will ultimately see that winning prize cash and making a living out of this as a profession is just as immense as being a tennis player such as (Kei) Nishikori or other pros,” claimed Chairman of game company JPPVR, Taichi Shibuki, to the media in an interview. “Not many users here are even aware of the word eSports. But this event might considerably alter things.” Unlike conventional separations for physical disabilities and gender, eSports can be played below equal conditions, he further added.

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Business

Daimler Spends in Super-Fast Battery Charging Tech

Mercedes-Benz, or to a certain extent Daimler, its parent company, is just one of the big auto producers with a claimed aim of shifting towards having the bulk of its models operating on electricity in the upcoming time. And that is why Daimler is spending in StoreDot, the Israeli startup, which is a firm operating on revolutionary expansions in battery technology for electric vehicle.

If diesel and petrol really are going to be banned, the issue of the restricted range of electric cars has to be conquered. The present importance in EV expansion seems to be on making batteries that can amass additional electricity for bigger car operating ranges. But, since ranges of more than 300 Miles are now being accomplished by the likes of Tesla, it appears the importance may be moving to charging them. And that is where StoreDot comes in since it is operating on designing an approach that an electric car can be completely recharged in as less as 5 Minutes.

Daimler Spends in Super-Fast Battery Charging Tech

Up to now, StoreDot has lifted almost $60 Million in investment, which has come from a number of sponsors that comprise high-profile attributors such as Samsung, Daimler, and Roman Abramovitch, the Chelsea FC owner.

StoreDot will utilize the spending for designing what it dubs its “FlashBattery,” which is a substitute for conventional Lithium Ion battery tech that will give minimum 300 Miles of range on a sole charge. The clear goal is for FlashBatteries to go into manufacture of electric vehicles as a substitute for present modes of storage for electric power. Involvement of Daimler makes that a more sensible possibility since it is already making electric cars, so Daimler and StoreDot will be capable of jointly working on vehicle friendly solutions.

In both, the United States and Europe, studies have displayed that over 75% of drivers do less miles on average each day in their cars than the range already provided by EVs of this era. If an electric vehicle can be fully recharged in as less as 5 Minutes, the days of range-nervousness might be ended forever, and electricity might replace petrol and diesel quicker than many individuals might ever have thought.

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Business

As Apple Slows, Fast-Moving Chinese Competitors Gain in Wealthy Markets

Time-consuming innovation at Apple, the iPhone maker, provides Asian competitors their most excellent opportunity yet to overcome retailers, developed markets, and consumers. All thanks to lower prices and better designs.

Last week Apple revealed new iPhones along with the feature of wireless charging. These handsets had dual cameras and an edge-to-edge screen. All these features are already extensively obtainable in handsets from Samsung Electronics and China’s Oppo and Huawei. While Apple must encourage buyers to shell out almost $1,000 for its high-end handset, contenders are leaning at the luxury market, providing same features for less value.

As Apple Slows, Fast-Moving Chinese Competitors Gain in Wealthy Markets

Chinese merchants, previously seen as manufacturing affordable handsets with copycat modernization, have lifted their quality game and now handle almost 50% of the mobile market all over the world. By stuffing high-end characteristic into reasonably priced devices, and utilizing a canny combination of advertising, promotion, and retail reach, they have also succeeded over some loyal users of Apple.

“Huawei is viewed as an applicable contestant to Samsung and Apple by wrapping all the cost points and positioning huge investments in sales and marketing,” claimed a spokesperson for biggest electronics retailer in Europe, MediaMarktSaturn, to the media in an interview. She claimed that ZTE, Huawei, TCL, and Lenovo—all Chinese companies—were amongst the best-selling leading 10 handsets in its shops.

The rapid growth of Chinese manufacturers has been powered by sturdy local sales, but they now export 40% of their handsets, almost 2x the number merely 3 Years back, as per a report. Huawei, whose handsets shipments to Europe increased over 50% in the H1 of 2017, is balanced to go beyond Apple as the second-largest seller in the world.

The confidence of the Chinese firm was displayed in a short video ad on Facebook ahead of its “RealAIphone” roll out next month, oiling a clown to make fun at facial recognition feature of Apple that opens the new handset. Huawei aims to reveal its leading-in-the-line Mate 10 handset next month, with features fueled by artificial intelligence such as image recognition and instant translation. And media reports rumor that the handset will have an edge-to-edge screen similar to that of the new iPhone X but with a low price.

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News

Michael and Susan Dell Foundation Aims for an Incubator

Michael and Susan Dell Foundation is seeking to arrange an incubator for small companies with solutions for the unserved and the underserved segments. The foundation is in discussions with CIIE (Centre for Innovation Incubation and Entrepreneurship) of IIM-Ahmedabad for the similar reason.

The incubator will seek at “early stage” firms that offer digital empowerment, fiscal inclusion, services, and job creation in other such affected areas, as per Rahil Rangwala. Rangwala is also the Director at Michael and Susan Dell Foundation for family financial stability. The organization will also provide seed financing to the companies.

Michael and Susan Dell Foundation Aims for an Incubator

“We expect to install this incubator by the end of 2016,” he claimed. “With this incubator, we plan to support companies serving at the end of the chain. We will seek companies in the segments of job creation and financial inclusion in the informal areas and other important sectors,” Rangwala claimed. The foundation also lately at IIM Bangalore backed a non-profit incubator and struck an association with UnLtd, the startup incubator, to support “early stage” social businesses operating on employability and skill development of low-income youth.

Rangwala did not state how much funds the foundation has allocated for the forthcoming incubator. Last year, the foundation dedicated $50 Million (almost Rs 332.6 Crore) for investments in India over 3 Years. The foundation has until now spent in a range of firms in the financial services and education sector, comprising ConveGenius and OnlineTyari, the edtech startups; Swadhaar, the microfinance company; and Kinara Capital, the debt-financing company. It also lately spent in Blowhorn, the intra-city logistics startup, and Skillveri, the industrial training company, as fraction of its job creation aim.

In the family financial stability segment, the organization has 17 lively investments, has made 7 exits, comprising microfinance institutions Ujjivan and Janalakshmi. Its investee firms in this segment made a revenue of almost Rs 750 Crore in 2016. It has 7 lively equity investments in firms catering services related to innovative education. The organization, established by billionaire and Dell founder, Michael Dell, and his wife, Susan, unlocked its office in India in 2006 and has until now dedicated over Rs 1,100 Crore.

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Technology

Reliance JioPhone Buyers May Have to Pay Extra to Watch TV

The much awaited pre-bookings of 4G VoLTE feature phone of Reliance Jio has began this month. At the time of the roll out of the handset, the firm declared that consumers will be allowed to stream their content of JioPhone on TV utilizing an accessory named as JioPhone TV Cable. The cable will permit consumers to broadcast the stuff of their Jio Phone on any television, comprising a CRT TV. The consumers can authorize this ability by opting for the Rs 309 plan of the company, which is different from the Rs 153 plan.

On the other hand, at the time of the presentation of the feature handset it was not obvious if the JioPhone TV Cable might be accessible for free. There is confusion if the cable will arrive within the box coupled with other accessories such as adapter charger or consumers will have to purchase it.

Reliance JioPhone Buyers May Have to Pay Extra to Watch TV

Now, according to the “box contents” data given on the website of the company it seems that consumers will have to give out extra dime for the cable. Since the “box contents” provided on the website comprise removable battery, handset, quick service guide, adaptor charger, SIM card, and warranty card.

Speaking of specifications of Jio Phone, the phone operates on VoLTE network and arrives with a host of pre-consisted apps such as JioCinema and JioTV services. The handset also has its personal digital assistant coupled with the voice command support. It also arrives with support for 24 languages of India. Reliance claims that consumers can long tap on the “5” key to straightly call their dear and near ones. In addition to this, the firm will bring feature of NFC on Jio-branded handsets later this year as well. The feature will come as fraction of a software upgrade. This data was given by sources having deep knowledge of this matter. The sources decided to offer the information on a sole condition of being unnamed.

JioPhone is claimed to operate on KAI operating system, which is a split operating system version of the Firefox operating system. For now, it does not provide support for WhatsApp.

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Technology

Toshiba Increases Business Risks by Missing Target Date for Chip Unit Sale

Toshiba Corp. was unsuccessful to lock a contract to trade its award-winning chip commerce by an internal time limit this week, lifting doubts about if it can keep the unit competitive and block a hole in the balance sheet in time to prevent a delisting.

The tormented Japanese company claimed to the media in a statement that it has made attempts but until now has not reached at a harmony and it was carrying on talking with 3 suitors. These include groups led by Taiwan’s Foxconn and Bain Capital as well as a group led by Western Digital. The sale of the second largest maker of NAND chips in the world, worth $17–18 Billion, has turned out to be a controversial fight marked by a swing of changing alliances amid bidding teams, revised bids, and the risk of lawful action from Western Digital, the joint venture partner.

Toshiba Increases Business Risks by Missing Target Date for Chip Unit Sale

In spite of ragged relations between Toshiba and Western Digital, one of the sources having knowledge of this matter claimed that early last week their talks were in last phases, with the Chief Executive of the U.S. company, Steve Milligan, in town to forge details. But both the sides are grappling to settle at a contract over the future stake of the U.S. firm in the business, various sources have claimed. Toshiba was operating under creditor stress to make a contract by the end of last month, sources having knowledge of this matter have claimed, as anyone might make it hard to achieve approvals from regulatory prior to its books closes in March.

But in a mark that a contract may not be too long, Satoshi Tsunakawa, the Chief Executive of Toshiba, claimed to the creditor banks of the firm this week, “Please provide me an additional week or so,” as per different sources having knowledge of the sale process. The sources, who refused to be recognized as they were not authorized to talk on the issue, claimed that Tsunakawa did not say as to which bidding team was favored but recalled his strength of mind to get an agreement by March done and dusted.

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Technology

Strontium Launches NITRO Plus OTG Type-C USB 3.1 Flash Drive

Strontium Technology, the flash memory maker, lately rolled out NITRO Plus OTG (On The Go) 3.1 Gen 1 Type-C USB flash memory drive to assist consumers transfer and store data amid USB Type-C well-matched gadgets. The gadget will be accessible in 3 storage versions; 64 GB, 32 GB, and 128 GB with up to 100 MB/s write speed and 150 MB/s read speed.

The device is compatible backwards as well. This means that you can employ it with older gadgets that have USB 2.0 and USB 3.0 support and it is integrated with both USB A and USB type C connector. The device has a price tag of Rs 2,799, Rs 1,599, and Rs 4,999, respectively, and will be accessible all over the retail associates. The gadget will also be accessible on Amazon.

Strontium Launches NITRO Plus OTG Type-C USB 3.1 Flash Drive

As it is an USB type C OTG flash drive, it will be well-matched with all laptops and smartphones that back USB C such as the new HP Spectre, MacBook Pro, and smartphones such as Samsung Galaxy S8, Google Pixel, Samsung Galaxy S8 Plus, and LG G6. Owned by Western Digital, SanDisk had lately also extended its range in the Indian market. The firm rolled out 2 flash drives, namely, Extreme Go USB 3.1 and Extreme PRO 3.1.

Extreme PRO USB 3.1 comes in 128 GB and 256 GB storage versions and has a price tag of Rs 8,490 and Rs 13,990, respectively. On the other hand, SanDisk Extreme Go USB 3.1 will be accessible in 64 GB and 128 GB storage versions with a price tag of Rs 3,990 and Rs 5,990, respectively.

The Extreme PRO USB 3.1 SSD of SanDisk comes with a retractable connector and durable aluminum metal casing. It is able to have a write speed up to 380 MB/s and read speed of almost 420 MB/s and allows consumers transfer 1000 pics in less than 25 Seconds and 4K full-length movie to the drive in less than 15 Seconds. Extreme Go drive however comes with the write and read speed of up to 150 MB/s and 200 MB/s, respectively. It says to back transfer rate that can transfer 1,000 pics in less than 60 Seconds and 4K full-length movie in less than 40 Seconds.

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Technology

Cloud and AI Crunch the Numbers for New Mobile Chip of Huawei

The brains of most handsets are a GPU and a CPU for providing graphical grunt and processing information, respectively. But with its next handsets, Huawei is seeking to pack a 3rd kind of processor in there, which it dubs a NPU (Neural Processing Unit). The Kirin 970, the new flagship chip of the company, will comprise a devoted AI processor, and delegate some of the task to the cloud.

Artificial intelligence is quick turning out to be a key fraction of computing, since algorithms of machine learning are capable of sorting through data and recognizing objects more fast than any human ever might. The tech is already beginning to come into mobile devices. The next generation of Snapdragon for Qualcomm chips will comprise a Neural Processing Engine SDK to permit developers to start being operational with AI. Microsoft has declared that the HoloLens, the user version of its AR headset, will sport an AI co-processor.

Cloud and AI Crunch the Numbers for New Mobile Chip of Huawei

Huawei at IFA declared that it is following a suit. The Kirin 970 sports a heavy 12-core GPU and an 8-core CPU, and is made on a 10-nm structural design that clutches some 5.5 Billion transistors into every square centimeter. Those are decent specifications for a fresh mobile chip, but the main aspect is the NPU, which was capable of processing 2,000 pictures each minute in a standard image recognition examination.

Huawei claims that this makes the Kirin 50x more energy competent and 970 25x faster than a Cortex-A73 quad-core cluster, which it utilized as the mass of the 8-core CPU for Mate 9. As the sensors in a handset can make a lot of information in real-time, the NPU of the chip will drive the data burden between AI in the cloud and on-device.

“Huawei is pledged to designing smart gadgets into intelligent gadgets by making end-to-end abilities that back synchronized development of devices, chips, and the cloud,” claims CEO of Huawei, Richard Yu, to the media in an interview. “The final aim is to offer a considerably improved user experience. The Kirin 970 is the first in a range of fresh enhancements that will bring influential AI features to our gadgets and take them further than the rivalry.”

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News

China Set to Launch a New Personal Bodyguard App

In China, an app will be hitting the northeast market that will help the rich and famous people to hire personal bodyguards for themselves through it. Hiring a bodyguard for one’s personal security is a great challenge in terms of hunting down a trust worthy and cost-beneficial security.

The app named Jinyiwei is ready to be unveiled in September of this year in Qingdao. It is similar to the Uber that helps people and the companies interact via the app. The app helps anyone feeling unsafe have a bodyguard for the concerned time span. Even while transporting the valuable one can put the app to use. Just like any taxi service, the current app lets users know the availability of the bodyguards in the city on a real-time basis.

China Set to Launch a New Personal Bodyguard App

According to the sources, the app helps avail the bodyguards for about 70 or 200 Yuan for an hourly basis. Even the companies or commoners can use the app as per the need. According to one of the developers of the app, Li Shangshang, the bodyguards are trained ex military personnels. They have to mandatorily present their military discharge certificates, ID cards, and other permits in order to be selected for the app.

The guards have to undergo training on etiquettes and manners as well as wear uniform when on duty. They even can help the police in dealing with fights during events. The Chinese consider it to be useful and helpful for the vulnerable individuals or groups. However, there are questions such as “will single women misuse it for seeking a partner?” or “what will the police do then?” that come up.

As per the developers, the questions are baseless and nothing to be worried about. It is just another alternative to help the people come out from treacherous situations and feel secure. This Northeast Chinese app is surely going to prove to be fruitful in the present as well as the future. The app has been basically developed to make the unsecure people feel safe. For now, it has only been unveiled in China and the question of “when it will hit the global market?” is still a mystery.