Britain to protect tech firms after Arm and DeepMind sold overseas

first_imgBritain’s Prime Minister Boris Johnson giving a statement in Downing Street in central London on April 27, 2020 after returning to work following more than three weeks off after being hospitalized with the Covid-19 illness.DANIEL LEAL-OLIVAS While Arm sold for £24 billion ($31.6 billion), DeepMind only sold for a reported £400 million. Given DeepMind is widely perceived as one of the world leaders in AI today, the Google deal is viewed by experts as a bit of a bargain.Ian Hogarth, an entrepreneur turned tech investor, believes that DeepMind should have been nationalized by the U.K government so that it didn’t have to sell itself to an overseas tech giant.“I find it hard to believe that the U.K. would not be better off were DeepMind still an independent company,” he wrote in an essay in June 2018. “How much would Google sell DeepMind for today? $5 billion? $10 billion? $50 billion? It’s hard to imagine Google selling DeepMind to Amazon, or Tencent or Facebook at almost any price.”- Advertisement – – Advertisement – LONDON – The U.K. government introduced new rules this week that are designed to protect Britain’s best and brightest companies from being gobbled up by other, potentially hostile, nations.But some are asking if the rules, which have been in the works for several years and apply from this Wednesday this week, are too little and too late given two of Britain’s most innovative companies have already been sold overseas. Cambridge-based chipmaker Arm was sold to Japanese tech giant SoftBank in 2016 and London-based artificial intelligence lab DeepMind was sold to Google in 2014.Matt Clifford, the chief executive of start-up factory Entrepreneur First, told CNBC that the government should have “probably” intervened in these deals. “Tech is a big and growing national security issue,” he said, adding that “technological sovereignty is very important.”- Advertisement –center_img Hogarth added: “With hindsight, would it have been better for the U.K. government to block this acquisition and help keep it independent? Even now, is there a case to be made for the U.K. to reverse this acquisition and buy DeepMind out of Google and reinstate it as independent entity?”While DeepMind is a leader in AI, Arm is a leader in semiconductors, or chips. Its energy-efficient chip architectures are used in 95% of the world’s smartphones and it is widely regarded as the jewel in the crown of the British tech industry.“In Arm’s case, I can’t see why some investors here didn’t outbid the foreign folks,” said Jon Crowcroft, a computer science professor at the University of Cambridge. “Arm are a massive success and long term super viable too.”SoftBank is now in the process of trying to sell Arm to U.S. chipmaker Nvidia for $40 billion but there are a number of hurdles to overcome before the deal goes through, including regulators in China.Even though DeepMind and Arm are no longer British in some people’s eyes, there are a number of other fast-growing tech companies that very much are — and could be worth protecting. Security firm Darktrace and AI chipmaker Graphcore, for example.Beyond AI and chips, Crowcroft said that Britain has aerospace and biotech companies that are worth protecting, such as BAE Systems.Some have pointed out that the new rules could potentially make it harder for founders and their investors to sell companies. But Chris Smith, a venture capitalist at Playfair Capital in London, told CNBC he doesn’t think it will have a material impact.“The scope is likely to be fairly limited, both in terms of the number of countries on the ‘no deal’ list and the number that would meet the strategic test,” he said. “In reality, it reflects what we already know, that we have two tech universes — one in the West and one in the East.” – Advertisement –last_img read more

Wily veteran Julio Urias comes through again for LA Dodgers

first_img“In the beginning, I felt strange. But now, I feel like I’m a part of this level and I belong here. That’s the biggest difference.”Urias faced the Cubs in his second big-league start on June 2. That day in Wrigley Field he allowed six runs on eight hits (including three home runs) in five innings.Facing them again at home Saturday, the Cubs’ first three batters reached base — a leadoff walk to Dexter Fowler, a single by Kris Bryant and an RBI single by Anthony Rizzo — to produce a run. Surprisingly, Ben Zobrist followed with a sacrifice bunt and Urias took over from there.He struck out Addison Russell and Jorge Soler to minimize the damage and the Cubs got just one more runner to second base against Urias, who matched his professional-high by going six innings for the second consecutive start. He threw 94 pitches, gave up six hits (all singles), walked two and struck out eight.“I think he’s being more aggressive,” Dodgers manager Dave Roberts said when asked for the ways Urias’ growth is showing at the big-league level. “I think early on he was trying to understand the major-league strike zone. It’s a little bit tighter east and west (inside and outside) and here in the big leagues it’s a little more liberal north and south (up and down). LOS ANGELES >> Julio Urias is an older, wiser man than he was back in … June.The rookie left-hander held the Chicago Cubs to one run over six innings and the Dodgers held on for a 3-2 victory Saturday afternoon.Urias has given up just one run in 14 2/3 innings since turning 20 earlier this month. He is 3-0 with a 1.29 ERA and 1.24 WHIP over his past four starts (with two relief appearances and another win mixed in).“I feel a lot more confident,” Urias said through an interpreter. “A couple starts ago, I started picking up my confidence and that really helped moving forward. “I think early on in his starts he felt he was getting squeezed. But the stuff that he has, he can trust his stuff and be more aggressive in the strike zone.”Urias has said he has received advice on that from catchers Yasmani Grandal and A.J. Ellis (before he was traded) as well as pitching coach Rick Honeycutt. Roberts added Clayton Kershaw to the list of those who have talked with Urias to help him move toward his potential.“I feel a lot more confident now,” Urias said. “You know that you have the confidence with your catcher to throw whatever pitch is necessary, and that’s helping.”Urias helped himself as well, using his bat to add to the crucial two-run third inning after Corey Seager matched the Cubs’ first-inning run with a solo homer in the bottom of the first.Andrew Toles led off the third with a double. After showing bunt, Urias pulled back and slapped a single through the left side of the infield. With runners at the corners, Chase Utley and Justin Turner drove in runs with singles.That was it for the Dodgers’ offense. Cubs manager Joe Maddon went to his bullpen early and the Dodgers had just one more hit in the game. Cubs relievers retired 17 of the final 18 batters after Turner’s RBI single, including the last 13 in order.That made it nail-biting time when Roberts went to the bullpen in the seventh inning. Setup man Pedro Baez took nearly a half-hour to face five batters. He gave up two hits, walked two, made an error and was called for a balk, making it a one-run game by the time he gave way to Adam Liberatore.“We’re going to continue to let him know that tempo is important,” Roberts said of Baez’s constant threat to pace of play. “But he’s really a cerebral guy and he’s trying to think through things and execute. I don’t think he’s really cognizant of how the game comes to a standstill. It’s a constant conversation.”Liberatore, Jesse Chavez and Kenley Jansen combined to close it out, retiring the final seven batters in order after Baez’s left the scene.Jansen said he was pitching “angry” after suffering his sixth blown save of the season Friday night against the Cubs.“I have to figure out how I can be angry all the time out there,” Jansen joked after striking out two of the three batters in the ninth. “I didn’t get many hours of sleep last night, thinking about letting my teammates down. I wanted to be out there again.“I know I’m not perfect but I want to be. Whenever you have a tough loss like that, I feel like I let everyone down. That really bothers me.”center_img Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more


first_imgTHESE were the “disgraceful” scenes left behind on one of County Donegal’s best known beaches after a day of warm weather.Donegal Daily reader Gemma McCausland said she didn’t want to go on “an anti-teenager rant” but felt the behaviour of those responsible for the mess shamed Donegal.“As the weather has been fabulous, my friend and myself went for a walk on Rathmullan beach, a typically busy and family orientated beach area,” she said. “As we were walking we noticed a group of teens, around 15 of them, in a group chilling out and relaxing on the beach.“We continued walking along the coast and on our way back we noticed the area where the teens had been…….as you see from the photos the mess left was nothing short of disgraceful.“There were plastic bottles, chip shop cartons and wrappers and glass alcohol bottles thrown randomly across the sand. Now this isn’t a rant about disrespectful teens-its a rant about being basically disrespectful to own coast and to the people we share them with.“Having lived down the country for a number of years, I’m so proud when people comment about how they think Donegal is such a beautiful county,and since I often feel we’re the forgotten county to Dublin when it comes to resources (train services, road upkeep, etc). “I would hate to see us lose our tourism due to laziness and disrespect,” she added. OUTRAGE AS THUGS TRASH DONEGAL BEACH was last modified: July 11th, 2013 by John2Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:OUTRAGE AS THUGS TRASH DONEGAL BEACHRathmullanlast_img read more