September 4 – 5 Key Stories From The Digital World

By September 4, 2019 Insight

1. America’s future of work

  • Places with more robust and diverse economies, high-growth industries, and better-educated populations are better positioned for employment growth
  • Automation will affect some of the largest occupational categories in the US economy, phasing out jobs in office support, food service, production work, and customer service and retail sales
  • Workers ages 18 to 34 hold almost 40 percent (14.7 million) of the jobs that could be lost, raising questions about how young people will launch careers…11.5 million Americans over age 50 are in roles that could be automated

2. Turning words into actions: PwC Luxembourg embraces crypto-payments

  • PwC Luxembourg is stepping further into blockchain and crypto-assets by accepting Bitcoin payments from its clients as from 1 October 2019
  • Bitcoin kept its promise as the first peer-to-peer payment mechanism  that cannot be compromised and is based on a decentralised trust model…bad buzz and structural challenges have added to its growing pains by acting as impediments to its mass adoption
  • The move to embrace crypto-payments is also a strong reflection of carefully listening to the growing demand from the market and PwC Luxembourg clients and offering them a secure payment alternative reflecting the evolution of our economy

3.  Cannabis on a blockchain: Security Matters files patent for plant tracking

  • lodged a patent application in the United States pertaining to materials and methods used in the marking, classification, and identification of seeds and plants
  • its patent can be applied to mark, track, and manage the supply chain of cannabis plants, cannabis products, and products containing cannabis derived ingredients
  • marking solution can be applied to the seed or plant via a coating, irrigation, and fertilisation method and is used for product authentication, supervision and supply chain management of the plant and plant by-products

4. Google launches TensorFlow machine learning framework for graphical data

  • Neural Structured Learning (NSL), an open source framework that uses the Neural Graph Learning method for training neural networks with graphs and structured data
  • NSL can make models for computer vision, perform NLP, and run predictions from graphical datasets like medical records or knowledge graphs
  • NSL can train with supervised, semi-supervised, or unsupervised learning to create models that use graphical signals for regularization during training, in some instances with less than five lines of code

5. Cloudflare Sets Initial IPO Price Range, Valuing It As High As $3.5B

  • Selling an expected 35 million shares in its IPO, Cloudflare could raise as much as $420 million…Add in the 5.25 million shares reserved for its underwriting banks, and the company could gross $483 million at $12 per share, the top of its range
  • anticipates having around 293 million shares outstanding when it goes public, valuing the firm between a little over $2.9 billion, and $3.5 billion
  • generated $129.2 million in revenue during the first half of calendar 2019…gross profit of $100.0 million, giving the firm gross margins of 77.4 percent in the period…fine for a software-style business, even if we have seen the occasional higher figure from companies like Slack