1) Silicon Valley & Tech Obsessions
Silicon Valley Renegades Take On Tech Obsessions: some of the engineers and designers who helped build our most commonly used technology, including Aza Raskin and Tristan Harris, are fighting back against how it’s taking over our lives. Wall Street Journal (wsj.com) video above published Jul 2, 2018.
2) Innovation and Artificial Intelligence (AI): An Era of Profound Change
In an age of start-ups and disruptors, innovation is the prime catalyst for profound changes to the business world. But what does 'innovation' truly mean - besides being an easy, clichéd buzzword trotted out by entrepreneurs looking for investment?
The philosopher Luc Ferry, innovation specialist and France's former Minister for Youth, National Education and Research, has taken a special interest in this theme. He discussed this with Christophe Donay, the Chief Strategist and Head of Asset Allocation and Macroeconomic Research at Pictet Wealth Management, at its innovation event in Geneva. The above is a FT.com Content Solutions video published Jul 11, 2018.
3) Investing
Hedge Fund Billionaire Griffin Knocks BitcoinBlackRock clients have zero interest in crypto, Larry Fink says: "I don’t believe any client has sought out crypto exposure" https://t.co/UTRMIqqkVO pic.twitter.com/3REuBEI1vg— Bloomberg (@business) July 16, 2018
CNBC.com video above published Jul 18, 2018: Citadel's (domain: citadel.com) Ken Griffin is not a fan of digital currencies nor bitcoin. "I don’t have a single portfolio manager [of mine] who has told me we should buy bitcoin, not a single portfolio manager," he said at the Delivering Alpha Conference in New York on Wednesday. "I have a hard time finding myself wanting to be in a position for being a liquidity provider for a product I don’t believe in." The investor said he wishes the younger generation would focus on more productive activities than invest in digital currencies.
Griffin founded Citadel in 1990, and has a net worth of $9 billion, according to Forbes. His hedge fund firm now manages more than $30 billion in assets. One out of every five US stocks trade through Citadel Securities (domain: citadelsecurities.com) on a daily basis, Griffin confirmed. The firm’s multistrategy fund, known as Wellington, was up 1.52 percent in June and 8.79 percent during the first half of the year. More info here.
4) ICYMI Tech News:
Google fined by the European Union (EU):
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| source: Statista.com |
- Google: "We intend to appeal."--Android has created more choice, not less | blog.google.
- Amazon $AMZN owns 33% of the internet “cloud,” 49% of US e-commerce, and is elbowing into other sectors--WolfStreet.com. Amazon.com, Inc.'s stock market value hit $900 billion on Wednesday, threatening Apple's position in the race to be the first company with a market cap of One Trillion Dollars (US$).
- SeekingAlpha.com: Gaming won't save Snap $SNAP.
- Mukesh Ambani overtook Alibaba Group founder Jack Ma to become Asia’s richest person as he positions Reliance Industries Ltd. to disrupt the e-commerce space in India--BloombergQuint.com.
- Postmates adds another 100+ cities in the US, bringing total to 385--TechCrunch.com.
- Amazon foes Walmart and Microsoft deepen tech partnership--the shared rivalry with Amazon ‘is absolutely core to this,’--Microsoft CEO Satya Nadella, WSJ.com July 17, 2018.
-- John Poole, Editor, Domain Mondo
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