The area of entrepreneurship news is a complex one, with folks ever prepared to offer their two cents on the way you ought to be running your business/VC fund/incubator.
Here is our wrap of robots are turning into HR staff, the new sociable networks, rising malware, and labor shortage from the MENA.
The bot will see that you today. We are in an era in which artificial intelligence (AI) and technician are on their way to control our lives. A new technology is doing little more. San Francisco-based Mya Systems has developed a AI recruiter who could assess manuals, schedule and conduct applicant screenings, and even congratulate you on your very first day of job. It may conduct a normal chat with applicants via computer or smartphone to inquire a number of the typical questions expected in early project interviews. The prospective bots may not only replace a number of the job you do, but they might actually hire you.
On your face, Facebook. For a response to the ‘interpersonal vacuum and online bubbles caused by social media’, psychologist Richard Wolman and Paul Schulz launched Wistla, a new ‘sociable network’ that aims to bring like-minded individuals together in real life. Targeting millennials mainly, the network enables groups to share common interests and activities and engage offline.
You’re busted! When face recognition was launched on mobile phones, many took this tech for a hoax. When Facebook started using it in its tagging capabilities, stuff got more serious. Most recently, a new biometric system is set to be installed in one of the major US airports during summer, to help fliers save time and check in their bags independently. The system will scan and recognize their faces by matching them to their passports photos. Beware of facial implants.
No noodles for you. Bits x Bites is a new Shanghai-based accelerator that supports startups in the organic food market. One of its startups is producing noodles and other food products made from silkworm flour, for the sake of offering a much healthier protein substitute. No thanks.
Wamda of the week: What do MENA telcos want to be when they grow up? Part I. Globally, telco conglomerates are democratizing their business models to keep pace with growing consumer expectations for free data and ubiquitous connectivity, but regional operators, have been reluctant to relinquish control over their networks. The lack of competition has helped these regional operators to manipulate, control, and limit the services they offer to their clients. Services such as VoIP, which are only day-to-day basics of contemporary users, have been blocked and undeployed properly.
Entrepreneurs bedtime stories. Tech executives to a number of the biggest companies in the Silicon Valley share the stories they learned from their moms while growing up. Sometimes just a little discipline goes a long way.
No job? Create one. Job scarcity and low employment rates in the Arab World are no novelty. According to the most current Arab Youth Survey, unemployment rate in the Middle East and North Africa is at 30 percent but entrepreneurs and VCs are not standing still. This calendar year, startups in the region received 36 million dollars of funding, signaling more growth and more job opportunities.
Ransomware, should we care? Ransomware is liable for the biggest cyberattack the world has ever seen. The technique of working with a computer virus to hold data hostage has existed for decades, gaining more notoriety in the past couple of decades. Nevertheless, the enormous attack that has spread around the world has taken it to a completely new level. Have your arsenal ready, more enemies are crossing the borders.
Feature image via Pixabay