Day: December 10, 2018

Did you know…


Did you know…

… that today is American Woman Nobel Peace Prize Day? In 1931, Jane Addams became the first American woman to receive the Nobel Peace Prize. Addams was a pioneer settlement worker, founder of Hull House in Chicago, public philosopher, sociologist, author, and leader in woman suffrage and world peace. Here’s to Jane!

~~~

Today’s Inspirational Quote:

“I am thankful for laughter, except when milk comes out of my nose.”

— Woody Allen

RBI Governor resigns before his term FROM newsletter Transfin


https://rbidocs.rbi.org.in/rdocs/Content/PDFs/URP10122018E877FD4702D3477A8D232D2CD71708E4.PDF

The dawn of AI and the potential threat it poses to employability has been a recurrent talking point. Wonder when did it all begin?

Consider this anecdote recently published in The Economist 1843 Magazine.

In the 1770s, a Hungarian inventor Wolfgang von Kempelen build a “Mechanical Turk” or simply “The Turk” to impress the empress. It was a life-size wooden figure dressed in Turkish clothing, seated behind a cabinet with a chessboard on top, designed to beat even the finest players at the game.

The Turk evoked much speculation about whether a machine could really think and how it worked. With the Industrial Revolution in the offing, many speculated the possibility of a machine replacing humans (sounds familiar!?).

It was later revealed that the Turk operated via a concealed player, who controlled each movement from inside the cabinet.

Over two centuries later, a similar concept is being used to drive Artificial Intelligence systems. Pretty much everything you do online creates a trail of data that can be used to make AI and Deep Learning algorithms smarter.

Without realising it, we are helping out as well. The results of the numerous CAPTCHA tasks which include transcribing distorted texts, or identifying images within a grid containing street signs or vehicles are used by Google and others to transcribe old books, label images for self-driving vehicles or to improve mapping services.

Now as you take a moment to let that sink in, let’s Move on to Today’s Top 6 Business Stories through our End Of Day Wrap Up:

RBI
Urjit Patel resigns as RBI Governor.

The What: The development comes after the recent spat between the government and the RBI on issues including lending norms for Micro, Small and Medium Enterprises (MSME) sector, RBI surplus reserves and more.

Zoom Out: Patel is the first governor since 1990 to step down before the end of his term. Read his resignation statement here.

REGULATIONS
RBI considers introducing new modes of electronic verification of customers for financial institutions, including live video.

Perspective: The development comes after the Supreme Court in September barred private entities from using Aadhaar-linked biometrics for customer verification.

Zoom Out: Alternative eKYC methods including QR code-based authentication linked to the Aadhaar database are also under consideration.

RETAIL
Myntra’s Chief and other key leaders quit, firm may abolish CEO post. Walmart to tap Flipkart’s expertise in web apps and data analytics. Ola co-founder Ankit Bhati to take charge as CEO.

Up Close: As Myntra CEO Ananth Narayanan quits, Flipkart Executive Amar Nagaram to take charge. Other key Myntra leaders such as Chief Revenue Officer Mithun Sundar and Human Resources Head Manpreet Ratia have also resigned.

And: About 150-200 people have already been laid off across Myntra and Jabong following news of Jabong being completely integrated with Myntra. Another fresh round of lay-offs is expected over the coming weeks.

What else: Walmart to tap Flipkart’s expertise in progressive web applications and data analytics. Flipkart was among the first in the world to work on progressive web apps to tap consumers in small towns.

You also said Ola?: Ola co-founder Ankit Bhati would be responsible for reorganising and boosting the leadership team, while Bhavish Aggarwal, the incumbent CEO will focus on fundraising and scaling up Foodpanda, likely to be named Group CEO.

HOSPITALITY

Zomato to launch multi-city food carnival Zomaland.

The What: The food carnival will be a part of the online food ordering and restaurant reservation platform’s attempt to break through the events space. The Events vertical, globally, will be led by Chaitanya Mathur, formerly a co-founder of Grub Fest.

US/International

FRAUD

Nissan, Carlos Ghosn charged with financial misconduct.

Up Close: Prosecutors said Mr. Ghosn’s compensation for the four years from April 2011 through March 2015, Ghosn’s actual compensation was ¥8bn but Nissan reported only ¥4bn.

MACRO
UK can cancel Brexit without approval of its EU counterparts. HSBC, Standard Chartered said to be among institutions potentially misled by Chinese telecom company Huawei. 

The What: As per a WSJ report, the UK government can unilaterally reverse its earlier decision to leave the EU and remain in the bloc without needing the approval of its EU counterparts.

What Does This Mean: The UK can technically reverse Brexit prior to the March 29 deadline.

The Big Picture: The news comes when the British parliament is set to vote on the deal tomorrow.

What about Huawei?: As per a WSJ report, HSBC Holdings and Standard Chartered were among the institutions which were misled by Huawei in into believing that it wasn’t doing business in Iran through a Hong Kong company called Skycom Tech.

What Do I Represent: Logo Edition
Can you guess the company this logo belongs to?

It recently invested $1.8bn in Canada-based cannabis company Cronos.

(Answer at the end of newsletter.)

Last Word

Great newsletter – Stanford


Happy holidays! 

This Stanford Business email, we’re slowing it down with longer reads and video experiences. Here you’ll find our brand-new View From the Top podcast series, which offers up hours of in-depth conversations with top business leaders, as well as faculty recommendations of books you’ll want to add to your nightstand. Whether you’re hustling to the last possible minute or getting away early on a well-earned vacation, we hope you’ll find warmth, happiness, and quality time with your loved ones this holiday season.

Leadership

Podcast: Take in the View From the Top

Business executives from Facebook, LinkedIn, Merck, and others share their management advice and insights in this Stanford GSB speaker series.
Page-Turners

Five Books To Read Over the Holidays

Stanford GSB professors offer up their recommendations for those quiet winter days.
Insights

2018’s Most-Read Stories

What resonated with readers this year? Stories on effective communication, venture capital’s secrets, and workplace culture’s dire toll on American health.
Streaming

Most-Watched Videos of 2018

Listen to IBM’s CEO describe how she created a startup mentality at a tech giant, then learn what your work emails reveal about you, all part of the most viewed videos of the year.
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Entire Career Guidance

Your Need , Our Guidance

Love and Lyrics

For the love. For the lyrics. With love from Erica.

High-Quality Data and Image Annotation Service

Anolytics is a data annotation service providing company that offers high quality annotated images, text, videos for machine learning and deep learning with best level of accuracy.

lifenvi

live life in livable environment

SindrElf

The Geeky Blogger

The Great Indian Bastard

one to bring you the best chronicles

Bhutadarma

Nothing is impossible (at least that does not violate the laws of physics). When you can..violate the laws of physics!

Dhananjay "Jay" Parkhe - Keynote Speaker Startup & C-Suite Mentor Excellence Assessor Independent Director Self Published Entrepreneurship Author

"Better Just gets Still Better with jAy"! Keynote Speaker Startup & C-Suite Mentor Excellence Assessor Independent Director Self Published Entrepreneurship Author AuthorAIM Innovation Mentor for Change, Business Mentor WF-NEN, Healthcare NGO Advisor, Blogger, Poet

This crazy busy life

the crazy busy life of the working Mom

AVIKING BY HOOF - L.A.R.P. Gros Morne 2020

When Viking Folklore comes to life! Quand le folklore viking prend vie!

Sara Schroeder "Speak Life"

Author, Speaker, Pastor, Prayer Warrior, Forgiveness Mentor

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I have found my voice. I want to hear yours.

Dakilanglaagan

Backpack Reflections

Mywayoflivinglife

Dawn to Dusk! I try to cover as many as topics I could relate to.

bookerworm

so many books so little time

Innovative Content Ideas

Creative Work Samples

Let's Talk

Life is running,Time is running, So the power, Use it.

The Happiness Nerd

Discussing Paths Towards Happiness

Nigeria no (1) wapcodehub.com

Home Music Video Entertainment | WAPCODEHUB TV | NEWS| WAPCODEHUB LIST | DJ MIX | TALK ZONE | SPORTS | WEDDING | BIRTHDAY | MORE |

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Inspired to inspire

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Help to Successfully Live with Chronic Illness, Bipolar Disorder, and Familial Mediterranean Fever

Poetry by Nathan Cocker

Verse from an adverse mind.

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Dedicated to Freddie Mercury

Arqui's Arqui's

Socorro e oração a fome no mundo

Fallen Angels

Poetry, fiction

Two on a Rant

Rants, humor, sarcasm, and a haiku-like substance? It's hard to know what's going to come out of our minds next.

Felix Alexander Writer

Storyteller Philosopher Poet

Lignes invisibiles

Lignes invisibles associant des idées, créant des images.

The powers

Motivation

Centarsko - https://centarsko.com

The Only Place Where you can Find Extraordinary Jewelry and Fashion

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Recollect. Reimagine. Express.

Mandiya Joseph

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Nguoidentubinhduong

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