China drove fintech funding globally in 2018 despite rising tensions with US: report

Source: TECHINASIA Despite escalating tensions between the US and China over trade and technology, Chinese companies accounted for nearly half of all fintech investments globally last year, according to a new report by the consulting firm Accenture. Global investment in financial technology companies more than doubled to US$55.3 billion in 2018, with China accounting for … Read more

IBM to retailers: We’ll manage your cloud, no AWS required

Source: ZDNet The retail sector has been among the slowest industries to adopt new technologies, but with the continued rise of unified commerce — the catch-all term for shopping experiences meant to flow seamlessly from in-store to online — retailers are increasingly more willing to ramp up their tech transitions and explore the cloud. The … Read more

IBM plans Asian rollout for POWER-powered cloud

Source: itnews AIX users score a cloudy upgrade path as Big Blue takes on AWS and pals with AI-tuned services. IBM’s cloud will soon offers more IaaS and AI services powered by its own POWER9 CPUs. Big Blue has previously offered POWER CPUs for infrastructure-as-a-service, but limited their availability to just one data center in … Read more

Beijing launches pilot zone for AI development

Source: ECNS Robotic arms prepare dishes at a hot pot restaurant in Beijing, capital of China, Dec. 5, 2018. (Xinhua/Chen Junqing)   Beijing has launched a pilot zone to develop new-generation artificial intelligence (AI) technology, the municipal commission of science and technology announced on Wednesday. The zone will focus on exploring an innovative system to … Read more

Shanghai government ups push to attract overseas talent

Source: SHINE Professionals in industries including integrated circuitry, biomedicine, and artificial intelligence are among the badly needed overseas talent the city will try to attract from this year, local human resources authorities told a working conference on Friday. The attraction of high-end talent for Shanghai’s Zhangjiang and Lingang areas, the free trade zone, the Hongqiao business … Read more

IBM Brings Watson AI To The Private Cloud And Rival Public Cloud Platforms

Source: Forbes IBM enabled Watson AI to run across the enterprise data centers and mainstream public cloud platforms. Branded as Watson Anywhere, the flagship data and analytics platform that was initially built for the IBM Cloud can be deployed in a variety of environments including VMware, IBM Cloud Private, AWS, Azure, and Google Cloud Platform. … Read more

#IBM Clinches $700 Million #Santander #Deal

Source: Computer Business Review Latest deal in IBM’s FS sector winning streak IBM has clinched a $700 million (£545 million) deal with Spain’s Santander to support the bank’s proclaimed strategic objective of “building the most advanced IT architecture of the financial sector”, the two said this week. The agreement continues the US company’s run of … Read more

IBM Brings Watson AI To Rival Clouds

Source: silicon.co.uk Watson AI services are set to become available on almost any infrastructure, including private clouds and multiple clouds, as IBM looks to put AI wherever data is stored IBM has said it plans to make all its Watson artificial intelligence services available on rivals’ cloud infrastructure, and not just its own platform, as … Read more

IBM and McCormick developing food products with AI

Source: fdiforum.net Credit: Shutterstock.com jakkapan Not content with securing the food supply chain with blockchain technology, IBM has turned its attentions towards food product development. The tech company has teamed up with flavour specialist McCormick & Company to pioneer the application of artificial intelligence (AI) to develop new spice blends. Using IBM Research AI for … Read more