Weekend update: Microsoft, Nvidia, virtual reality training and Singapore funding

Innovation Enterprise's regular weekly update featuring the latest news and analysis from across the tech world

18Jan

This week in global tech news, we've witnessed moves to curb election interference by Facebook, BitPay provide evidence that cybercurrencies are remaining resilient in spite of continuing trust issues, and Nike announce the launch of a shoe that embraces modern technology and could transform the way professional athletes select their footwear.

We also have two huge data events on the horizon, with DATAx Singapore just seven weeks away, while our DATAx San Francisco team is busy gearing up for the festival's debut in May. Both agendas are looking fantastic, with speakers confirmed from Amazon, Visa, PlayStation, eBay, Netflix and many more organizations at the forefront of their fields. You can find out more about registering for those events, as well as more about our other upcoming conferences on our Summits page.

Below, we present some of our favorite developments from the past seven days from the tech, AI and ML world from across our Channels.

New $55m fund to supercharge Singapore's financial hub status

Singapore's central bank, the Monetary Authority of Singapore (MAS), announced it had approved a S$75m ($55m) grant, helpfully titled Grant for Equity Market Singapore (GEMS). The grant will attempt to boost the country's status as an enterprise financing hub.

"Singapore has been working to enhance our private and public markets so that domestic and international growth enterprises are able to access different types of capital best suited to their needs," said Ng Yao Loong, assistant managing director at MAS.

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Nvidia opens up new robotics lab in Seattle

Global chip firm Nvidia unveiled plans this week for a 13,000 sqm computer lab in Seattle, Washington, which will focus on the field of robotics in conjunction with the University of Washington's science faculty.

The lab's workforce will be made up of 50 researchers – a mix of 20 members of Nvidia's staff and 30 faculty members from the University of Washington.

"Robots could ultimately also be deployed in our homes help us with everyday chores, even with cooking tasks or things like that, but also manufacturing," said the lab's director Dieter Fox.

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NHS trials AI to diagnose breast cancer

A medical firm has begun a trial on archived scans in historic country of Yorkshire, UK, to see if its AI algorithm can be used to address a shortage of radiologists in the UK.

Kheiron Medical will work with local NHS trusts to test against tens of thousands of historic scans, which includes scans from the East Midlands, to establish whether it can identify signs of breast cancer.

Clinical director Hugh Harvey remarked: "The first phase is that we are doing large-scale analysis on historic data and when we're happy that the algorithm is performing optimally, we'll begin to test it on live patients."

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Why VR is the new training ground

One of the most popular articles posted on Innovation Enterprise Channels this week was by regular contributor TIBCO Software EMEA CTO Maurizio Canton, who writes on the the ability to harness virtual reality (VR) to live, immersive and interactive environments for business purposes.

"Sectors as diverse as defense, engineering and manufacturing, healthcare, mining and satellite communication are seeing the value to be gained from deploying platforms which can simulate and gamify the physical world," Canton notes.

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How big data is being used to improve fraud detection

With many companies heavily dependent on big data to make fraud less likely to happen, tech writer and blogger Kayla Matthews looks at some of the ways technological advancements have been gaining ground in the effort to stop fraud across a number of industries.

"Retailers are learning to detect the instances when people might be returning items to participate in return fraud, and they often do that with big data," writes Matthews, one of Innovation Enterprise's most prolific contributors on the topic of big data. "For example, a store might have compiled information about what constitutes "normal" behavior for customers who buy a certain number of items per year."

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Microsoft to end Windows 7 support

Some sad news coming out of Washington state this week for fans of older operating systems, as Microsoft announced it would no longer provide support for Windows 7 from January 14, 2020.

Windows 7 was released back in 2009, just three years after Microsoft had launched the unpopular Vista operating system.

"You can continue to use Windows 7, but once support ends, your PC will become more vulnerable to security risks," Microsoft warned users.

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