10 must-read articles for 27 October
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Even giants can stumble. Intel, the technology industry icon that for decades has fueled Silicon Valley's reputation as the center of innovation, is in a crisis.
The aging computer chip maker has spent billions of dollars on ill-fated forays in both computing and communications and allowed a once-weak competitor to catch up. Its predicament is so serious that it is cutting $1 billion in costs and may sell unprofitable parts of its business.
While Intel ponders whether it can reinvent itself one more time, the lesson is clear for all Silicon Valley companies: The task of innovation is never done. A high-tech company is only as good as its last product.
"The company is under a lot of pressure, " said Sean Maloney with like IBM 08K8198 Battery, IBM 08K8197 Battery, IBM 92P1075 Battery, IBM ThinkPad R40 Battery, IBM ThinkPad R32 Battery, IBM 02K6928 Battery, IBM 02K7054 Battery, IBM ThinkPad A20 Battery, IBM ThinkPad A20M Battery, IBM ThinkPad A21M Battery, IBM ThinkPad 240 battery, IBM ThinkPad 240Z battery, executive vice president of mobile products for Intel. "We left the door open."
For years, Intel has built its name inventing the fingernail-size silicon chips that are the brains of computers and other electronic gear. Making computers faster, smarter and better, it has grown into a technology juggernaut raking in more than $8 billion in profits a year.
But over the past 18 months, it has fallen into a slump from a combination of missteps:
•Losing customers to a competitor, Advanced Micro Devices of Sunnyvale, that came up with a series of clever chip designs more useful for everyday gadgets than Intel's complicated and heat-generating chips.
In a recent survey of senior members of large US law firms, 35 percent said that they could envision replacing first-year associates with an artificially intelligent computer system such as IBM's Watson, up from less than 25 percent in 2011 (Ars Technica). Some respondents even said that more senior staff could be effectively replaced, while some law firms are already using highly specific AI software to process complex investigations. Watson systems, developed by IBM's DeepQA project, are computers designed to understand data and express answers in a naturally human way, and are already used to aid management decisions in the medical field.
Qualcomm has created a new design for networked home security cameras, based on its Snapdragon 618 processor (The Verge). Qualcomm says that the added processor power will allow cameras to carry out image analysis on-board, rather than sending data back to a local server such as a NAS-based IP camera control station or a remote cloud-based system. According to Qualcomm, cutting out this stage will mean there's less delay between the camera seeing a trigger event, such as someone entering a room, and you getting told about it.
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