Friday, June 15th, 2018

Rolls-Royce Looks to Cut 4,600 Jobs
Company Press Release

The company announced last January of plans to simplify the Group into three customer-focused business units. As part of the plan, Rolls-Royce stated on Thursday that it looks to reduce management layers and complexity.

Over the next 24 months, the company looks to reduce approximately 4,600 roles, predominantly in the United Kingdom.

The proposed restructuring aims to deliver improved returns, higher margins, and increased cash flow. The company expects full implementation of headcount reductions and structural changes by mid-2020.

Samsung Looks to Invest in Artificial Intelligence Startups
Company Press Release

Samsung announced on Wednesday that it will launch the Samsung NEXT Q Fund, a Seed and Series A focused fund that looks to finance startup dedicated to solving AI and computer science problems.

The team behind the Q Fund plans to work closely with researchers to identify cutting-edge approaches to machine learning and perform technical diligence on new opportunities.

The fund recently invested in Covariant.AI, a company that draws on advances in imitation learning and deep reinforcement learning to teach robots new, complex skills.

Equifax Appoints a New Chief Technology Officer
Company Press Release

The company announced on Thursday that it has appointed Bryson Koehler to serve as the company’s Chief Technology Officer.

Koehler will be responsible for the company’s global IT strategy and development. He will also work with Equifax’s product, data, and analytics teams to boost insights to customers and partners.

Koehler previously served as the CTO at IBM Watson and Cloud Platform.

Facebook Plans to Open a New $750 Million Data Center in Alabama
Press Release

Facebook will invest $750 million to build a data center in Huntsville, Alabama. The new center looks to create 100 jobs.

The announcement comes from the office of Governor Kay Ivey, who stated on Thursday that quote “Facebook has found a great location in Sweet Home Alabama, and we’ll do our best to help the company grow and prosper here.”

As part of the opening, Facebook will receive an investment credit under the Alabama Jobs Act with an estimated value of $86.25 million, over 10 years. The data center is expected to bring in close to $300 million in revenue over the next 30 years.

Google Plans to Open an Artificial Intelligence Research Center in Africa
Company Blog Post

The new AI center will open in Accra, Ghana. It looks to connect top machine learning researchers and engineers who will be focused on AI research and its applications.

The tech giant announced in a company blog post on Wednesday that it plans to work with local universities and research centers, as well as policy makers on the potential uses of AI in Africa.

Pandora Teams Up with Snapchat
Company Press Release

Pandora announced on Thursday that it will work with Snap Inc. as the music streaming launch partner for Snap Kit, the company’s new platform for developers.

Pandora listeners in the United States will be able to send their favorite songs to friends and family through animated song cards. Receivers of the song cards will be able to swipe up to listen directly on Pandora.

The integration looks to expand Pandora’s social sharing capabilities by reaching Snapchat’s audience while enhancing music discovery across both platforms.