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

3-point explosion gives Syracuse blueprint for conference success

first_imgSitting in an orange, Syracuse-branded folding chair postgame with a bag of ice wrapped around each knee, Buddy Boeheim felt  the shooting performance that played out over the last two hours wasn’t unexpected.In the days ahead of Syracuse’s first game of the decade, Buddy noticed how Orange shooters — Elijah Hughes, Joe Girard III and himself — had clicked in practice. Their shots fell with ease, building off the blueprint established in nonconference play. On Saturday afternoon, after 14 3s kept the game close and the 15th brought it even closer, it was the Orange’s deep shooting that provided a glimmer.“I feel like tonight was a little bit like the Georgia Tech game,” sophomore guard Howard Washington said. “All our shots were falling.”For better or worse, Syracuse’s (8-6, 1-2 Atlantic Coast) conference play has been determined by its shooting prowess from deep. Before the contest Syracuse ranked 87th in 3-point offense per Kenpom (35.2%). Yet in conference play, they fell into the extremes. SU shooters failed miserably against Virginia (five for 29) and thrived against Georgia Tech (14 for 33). And, in a back-and-forth game of runs, the Orange almost beat Notre Dame (10-4, 1-2 ACC) the same way.Their shooting performance (48.4%) dazzled the crowd, but also presented a reality: Any hope of consistent ACC success will need more days like Saturday. But even then, as the 88-87 score in Notre Dame’s favor showed, it might not be enough.AdvertisementThis is placeholder text“We played just as well as we could offensively,” Boeheim said.The Orange’s first three was sprung by forward Marek Dolezaj. He set a screen in the high post allowing Buddy to rotate over. This sparked more offensive movement, as a few more similar plays led to the Irish focusing on the curling shooter instead of the screener. While interior passes sparked SU’s first run it was the 3 that was relied on most.Sometimes the quick passes around the perimeter and the emphasized spacing were too much. In one sequence, Bourama Sidibe and Hughes bumped into each other on the baseline, and a forced pass led to a turnover. Later in the frame, Hughes called for the ball near the scorer’s table, but an off-balance feed sent the ball rolling out of bounds. Heading into a timeout, Boeheim yelled at Hughes as the ball trickled by their feet.But other instances it was the deep ball that brought SU back into the game. After a thunderous block from freshman Quincy Guerrier, Hughes swished a 3 for his first make. Then in the halfcourt – Hughes drawing attention after a 10-3 personal run – the Orange ran a familiar three-man action with Hughes, Dolzeaj and Buddy. With the forward at the top of the offense, he’d trigger a pass to a posting player while the third leaked to the corner in front of Notre Dame bench.Buddy cashed one such 3, and again it opened up more action. After an SU offensive rebound, blue jerseys crashed to the corner while Dolezaj worked inside. The second half saw each side continue to shoot from deep. Notre Dame connected on 15 of its own 3s and four-straight possessions ended in open 3s from each side.And as dynamic as SU’s 3-point shooting was, it was still it’s only reliable option for offense. On a 3-on-1 fastbreak down the stretch after a failed Notre Dame alley-oop, Buddy missed an open Hughes and instead tossed the ball out of bounds. Hughes walked across halfcourt with his hands on his head.After Girard converted over Prentiss Hubb — who earned a technical after stepping over Girard minutes earlier — Girard threw his hands in the air to wave on the crowd. At times, Washington said postgame, coaches will push Girard to shoot more. He did on Saturday. The freshman who totaled 81 3s all season attempted nine against Notre Dame. And the confidence that followed each make spurred another attempt.When Hubb responded with 3, as he had for most of the game, Girard dribbled to the top of the arc, rose and cashed another. Hubb matched him on the other end, and Girard attempted another from deep, this one contested, that clanged off iron. Then forward John Mooney went inside, something SU can’t do consistently, and Notre Dame took a lead it wouldn’t relinquish.“Our guards are young,” Boeheim said. “They gonna make some mistakes but they’re getting better. They’re getting better.”In the game’s final second, Girard threw his last shot of the game toward the rim, the Orange down four. As the ball slipped through, Girard fell to the ground, two Irish defenders around him. The crowd, SU bench and players on the floor pleaded for a call to no avail. The final .4 seconds ticked down, deflating the crowd.The 3s were almost enough, but they weren’t. At least not this time. Comments Published on January 4, 2020 at 8:55 pm Contact Nick: | @nick_a_alvarez Facebook Twitter Google+last_img read more

Highlight Games secures new deal with Fortuna

first_img Submit Highlight Games goes global with ComeOn deal June 19, 2020 StumbleUpon Share NSoft adds virtuals onto EveryMatrix’s CasinoEngine June 5, 2020 Related Articles Share Highlight Games goes live with MaxBet June 26, 2020 Video virtual sports supplier Highlight Games has secured a new pan-European framework agreement with the Fortuna Entertainment Group which will see the supplier deliver its virtual sports products online, on mobile and in retail locations across central Europe.Under the terms of the agreement, Highlight Games will deliver its ‘SOCCERBET’ flagship product in both league and single match formats, with plans to deliver the product in territories including Poland, Romania, Czech Republic, Croatia and Slovakia. Tim Green, CEO, Highlight Games, commented on the agreement: “I’m delighted to announce this partnership with Fortuna, which further extends Highlight Games’ presence in Europe.  SOCCERBET is already the number one performing virtual sports betting game in Italy, and we look forward to replicating this success in additional regulated territories with Fortuna.  “Highlight Games offer players a unique proposition; opportunities to bet on real highlights featuring real teams and real players and it is encouraging to see more operators recognizing the revenue-driving potential of these exclusive games.”Michal Hanák, Group Chief Sportsbook Officer at Fortuna, added: “Fortuna is pleased to be adding Highlight Games’ innovative products to its virtual sports portfolio.  Offering customers the opportunity to bet on archive footage featuring their favourite teams and players is an exciting one, and we are confident that both SOCCERBET and the much anticipated NBA Last 60 will prove popular both in retail and online outlets. “But most of all, we think, this product is the best one in the virtual sports market in recent years, and Fortuna offer only the best products for their customers.”last_img read more

NFL free agency news: Cowboys sign safety George Iloka

first_imgHowever, he’s coming off a disappointing campaign in which he logged just 16 tackles in 16 games and three starts.Iloka, 28, was initially selected by the Bengals in the fifth round of the 2012 draft and remained in Cincinnati until signing with the Vikings last August.He has 362 career tackles, 32 pass breakups and nine interceptions playing both safety spots. The #DallasCowboys have agreed to terms with veteran safety George Iloka on a one-year deal.MORE →— Dallas Cowboys (@dallascowboys) March 24, 2019Iloka tweeted a throwback photo of himself as he confirmed the news.Cowboy then Cowboy now #Blessed— George Iloka (@George_iloka) March 24, 2019According to ESPN, which cited an unidentified source, Iloka met with the team Friday and was the third safety to visit Dallas along with Clayton Geathers and Eric Berry. The Cowboys are concerned about their depth at the position, and Iloka brings unique talent that can help. Dallas has found its safety.After passing on Earl Thomas, the Cowboys have elected to sign veteran George Iloka to a one-year deal, the team announced Saturday.last_img read more

Houston Rockets set NBA record with 26 triples in 136-118 win

first_imgDon’t miss out on the latest news and information. Nadine Lustre’s phone stolen in Brazil Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award “I had no clue that we had that many until the fans started chanted: “three,” every time we got the ball,” he said. “So it’s cool to do it together as a team.”The winning streak ties their longest of the season and comes after the Rockets lost their previous three games.Houston had a comfortable lead throughout most of this one and seven straight points, capped by a dunk from Clint Capela, made it 111-94 with about nine minutes left.Tomas Satoransky and Bradley Beal made back-to-back 3-pointers for Washington after that, but Harden ended the run with a 3 that left Houston ahead 114-100.The Rockets then used a 12-3 run, with all their points coming on 3s, to make it 123-103 with about five minutes left. Harden and Gordon both made one in that span and Green capped the spurt with two, and coach Mike D’Antoni cleared the bench soon after.Beal had 28 points to lead the Wizards, who lost for the sixth time in seven games.Houston led by 12 at halftime and a basket by Paul left the Rockets up 80-64 with about nine minutes left in the third quarter. The Wizards used a 6-3 run, with four points from Wall, after that to cut the lead to 83-70.The Rockets made four quick points later in the quarter, highlighted by a nifty reverse layup by Gordon, to leave them up 91-76 with about 3½ minutes left in the quarter.Washington got within 11 late in the third quarter, but Harden scored the next five points, capped by a 3-pointer, to make it 101-85.The Wizards scored the last five points of the quarter, with three free throws, to cut the lead to 101-90 entering the fourth. Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew Carter-Williams joked that the reserves who were on the floor at the end of the game would never have heard the end of it if they hadn’t at least tried to set the record.Harden believes they would have had a tougher time dealing with the fans.“Not even us. The crowd — the crowd would have attacked them,” he said with a laugh. “Credit to those guys, they made shots to close out the game.”A 3 by Gary Clark tied the record with 2:42 left before Carter-Williams made the record-setter. The previous record was held by the Cleveland Cavaliers, who made 25 against Atlanta on March 3, 2017.Paul was happy to help Houston set the record, but didn’t realize what was going on until he heard the crowd.ADVERTISEMENT Eduard Folayang, Shinya Aoki meet again in stacked ONE Championship card in Japan Sports Related Videospowered by AdSparcRead Next LATEST STORIES MOST READ After winning title, time for LA Tenorio to give back to Batangas folk Japeth Aguilar embraces role, gets rewarded with Finals MVP plum ‘Mia’: Rom-com with a cause a career-boosting showcase for Coleen Garcia Houston Rockets guard James Harden (13) argues with referee Scott Foster during the first half of an NBA basketball game against the Washington Wizards, Wednesday, Dec. 19, 2018, in Houston. (AP Photo/Eric Christian Smith)HOUSTON — The Houston Rockets were on the cusp of NBA history, just one 3-pointer away from setting the league record for most 3s in a game.The crowd chanted: “Three, Three, Three,” every time Houston got the ball and let out a collective moan after each of four straight misses as the clock ran down on Wednesday night against the Washington Wizards.ADVERTISEMENT No.13 lucky for Orlando Bloom Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew The victory comes after the Wizards won the first meeting against Houston this season 135-131 in overtime on Nov. 26, despite a season-high 54 points from Harden.The Wizards often double-teamed Harden in the first half, leaving others open, which led to easy baskets in the lane and a 70-58 lead by the Rockets at halftime.TIP-INSWizards: Made 10 of 30 3-pointers. … John Wall added 18 points with 12 assists. … Trevor Ariza had 15 points in his second game since a trade from Phoenix.Rockets: Gordon added 18 points. … James Ennis missed his fourth straight game with a strained right hamstring. … Houston had 15 turnovers.WELCOME BACKThe Rockets played a tribute video for Ariza during a timeout in the first quarter after he spent the last four years with the team before signing with the Suns in the offseason. Ariza, who was traded to the Wizards last week, smiled and waved to the crowd as fans gave him a hearty ovation after the video.UP NEXTWizards: Host Phoenix on Saturday night.Rockets: Visit Miami on Thursday night. Gretchen Barretto’s daughter Dominique graduates magna cum laude from California college Ginebra beats Meralco again to capture PBA Governors’ Cup title Then, with just 31.1 seconds remaining, Michael Carter-Williams, who had missed two of those four, set his feet and shot his way into the record books, making Houston’s 26th 3 of the night to set the mark and help Houston to a 136-118 win.“All I was hearing were my teammates saying: ‘shoot it, shoot it,’” Carter-Williams said. “So we were just out there trying to make the last one. I had a good, clean look so I just tried to knock it down.”FEATURED STORIESSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSJapeth Aguilar wins 1st PBA Finals MVP award for GinebraSPORTSGolden State Warriors sign Lee to multiyear contract, bring back ChrissJames Harden scored 35 points as the Rockets won their fifth straight game. He made six 3s, Chris Paul added 5 and Gerald Green and Eric Gordon made 4 each on a night Houston attempted 55.“We knew going into the game they were going to take a lot of them,” Washington coach Scott Brooks said. “They were hot and they’ve been hot for a while now. They have a couple of hot players and there’s not much you can do when they’re making contested 3s.” View commentslast_img read more