Google Stock (NASDAQ:GOOG) And Google Cloud To Gain From AI Lead

Buz Investors Google Stock (NASDAQ:GOOG) And Google Cloud To Gain From AI Lead

GOOG Stock Stands to Gain from Google Cloud Push

Buz Investors Google Stock Alphabet Inc (NASDAQ:GOOG, GOOGL) stock has been on an upward trend for a while now, and GOOG stock ended the last trading session at $835.37.

Alphabet, otherwise known as Google, has grabbed attention over the past few weeks as the newer social media company Snap Inc (NYSE:SNAP) turned out to be a big customer of the Google’s cloud business. But the surprise does not end there. At its ongoing Google Cloud Next ‘17 Conference, Google announced its new partnership with SAPSE (ADR) (NYSE:SAP) and introduced new clients.




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he big announcements are expected to keep flowing as the Internet search giant hosts its conference in San Francisco this week. The most important news right now is that the company has won major clients like Verizon Communications Inc. (NYSE:VZ), eBay Inc (NASDAQ:EBAY), Walt Disney Co(NYSE:DIS), ColgatePalmolive Company(NYSE:CL), and HSBC Holdings plc (ADR)(NYSE:HSBC) for its cloud business. (Source: “Google Cloud: enterprise technology for the Next step in computing,” Google Blog, March 8, 2017.)

Cloud computing is at the center of nearly unlimited computing power around the globe today, and Google management pegs the enterprise computing market at $1.0 trillion. Alison Wagonfeld, VP of Marketing for Google Cloud, said, “Google Cloud’s technology and approach to the market is the product of 16 years inventing, developing, and fine tuning tools for a fully connected enterprise.” (Source: Ibid.)

Google announced the acquisition of Kaggle Inc., which is home to the world’s largest community of data scientists and machine learning enthusiasts. Kaggle is used by more than 800,000 data experts to analyze and understand the latest updates in machine learning and data analytics.

Fei-Fei Li, Chief Scientist, Google Cloud AI and Machine Learning, welcomed Kaggle to Google Cloud and stated that it was the best place to search and analyze public datasets, build machine learning models, and enhance one’s data science expertise. (Source: “Welcome Kaggle to Google Cloud,” Google Cloud Platform Blog, March 8, 2017.)




Donald Trump is Considering a Bitcoin Entrepreneur to Lead the FDA Maybe Balaji Srinivasan, founder of Bitcoin startup 21.co, will become the leader of the US agency for the supervision of food and drugs. In general, you will find surprisingly many Bitcoin fans in the team of the US President Donald Trump.

Donald Trump is Considering a Bitcoin Entrepreneur to Lead the FDA

Donald Trump is Considering a Bitcoin Entrepreneur to Lead the FDA

Donald Trump is Considering a Bitcoin Entrepreneur to Lead the FDA Maybe Balaji Srinivasan, founder of Bitcoin startup 21.co, will become the leader of the US agency for the supervision of food and drugs. In general, you will find surprisingly many Bitcoin fans in the team of the US President Donald Trump.

 Bitcoin Entrepreneur Maybe Balaji Srinivasan, founder of Bitcoin startup 21.co, will become the leader of the US agency for the supervision of food and drugs. In general, you will find surprisingly many Bitcoin fans in the team of the US President Donald Trump.

On a certain level success ceases to be the condition for further success. As many super managers do not need to demonstrate success to be appointed to the top of another company, so does a serial entrepreneur like Balaji Srinivasan not need to show progress to qualify himself for higher professions.

On January 13, the US President Donald Trump announced that the founder and CEO of the Bitcoin company 21.co maybe would become the leader of the Food and Drug Administration (FDA). The agency is responsible for the control and supervision of any product related to public health, mainly food and medicine.



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Crucial for Srinivasan’s appointment might not be the success of his Bitcoin company 21.co. After he had raised $116 million, the highest investment a Bitcoin company ever received, for his plan, to bring a mining-chip in every gadget, he was never able to meet the huge expectation.

The only hardware product his company ever created, the 21 Bitcoin computer, is not much more than a very expensive Raspberry Pi, whose implemented mining chip does usually not even pay for the energy costs. The platform, by which 21.co wants to facilitate the trade of micro-services of computers against Bitcoin, stagnates; the software, to buy and sell the services, remains alpha or beta; and the blog of the company is silent since June last year. The revolution Srinivasan promised in flowery words has not become true by now, and maybe the sluggish progress is the reason why he applies for a new job that has nothing to do with Bitcoin.

For the task as leader of the FDA, Srinivasan is qualified by former enterprises and a genuine political attitude. Before 21.co he founded and led the biotech company Counsyl and developed a test, with which it can be examined during pregnancy if the unborn child will suffer from Down Syndrome or other severe genetically caused disease. Furthermore, Srinivasan is known for his libertarian attitude he preferably expresses through a medium the president seems to like: Twitter.

Shortly after the nomination, however, Srinivasan deleted all his former tweets. But many of them can be accessed on archive.is; the magazine Gizmodo quote some of them to show that Srinivasan considers the agency mostly as an obstacle to innovation.

Srinivasan is not the first pro-Bitcoin persona Trump nominates for higher positions. Earlier Peter Thiel joined Trumps “Presidential Transition Team Executive Committee.” The founder of PayPal, billionaire, and tech-investor spent one million dollars for Trump’s campaign. According to him, with creating a new, free currency, Bitcoin achieved something PayPal failed to deliver. He ascribes Bitcoin the potential to change the world, and he invested several million in the Bitcoin payment processor BitPay and – attention please: Balaji Srinivasan’s 21.co.

Maybe the most open Bitcoin fan around Trump, however, is his announced post for the Office of Management and Budget, Mick Mulvaney. The Republican has praised that Bitcoin cannot be manipulated by the government, and he founded “Bitcoin Caucus” with Jared Polis, an initiative to raise awareness about Bitcoin in Washington. After he and Polis had co-operated for two years with Jerry Brito’s lobby group Coin Center, the latter attributed Mulvaney as a “forward-thinking leadership on blockchain technology” which is “unmatched” in Congress. Beside Bitcoin, Mulvaney said that the Blockchain has the potential, “to revolutionize the financial services industry, the U.S. economy, and the delivery of government services.”

On top of this Trump engaged the tech-entrepreneurs Elon Musk (Tesla), Travis Kalanick (Uber), and Indra Nooyi (PepsiCo) as strategic consultants. While they are not explicitly fans, they seem to be open toward Bitcoin and recognize the potential of Blockchain technology. While it remains an open question, if Trump will be a good president for the USA, and if Srinivasan will be a good leader of the FSA, it seems to become more and more apparent, that President Trump will be no disaster for Bitcoin and the Blockchain.
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Asia Markets Follow Wall Streets Lead

Asia-Markets Follow Wall Streets Lead



Asia-Markets Follow Wall Streets Lead

Chinese mainland markets traded higher, with the Shanghai composite closing up 48.38 points

Asia-Markets Follow Wall Streets Lead

Wall Street gave new confidence across global markets by closing last week with record highs. Asian markets took the cue, with traders shrugging off some disappointing economic data from China and focusing on the record finishes in the U.S. markets and a rebound in oil prices.

In Australia, the ASX 200 closed up 22.88 points, or 0.42 percent, at 5,530.90, posting a 0.6 percent gain for the week. while the benchmark Nikkei 225 closed up 184.80 points, or 1.10 percent, at 16,919.92 resuming trade after returning from its Thursday public holiday. For the week, the Nikkei posted a 4.09 percent gain.

The Korean Kospi finished nearly flat at 2,050.47, giving up earlier gains of around 0.3 percent and in Hong Kong, the Hang Seng index added 0.82 percent.

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In the currency market, the Australian dollar dropped from levels near $0.7685 before the release of the China data to as low as $0.7667. At 3:02 p.m. HK/SIN, the Aussie traded at $0.7682. China is one of Australia’s key trading partners and Chinese data usually impacts the Aussie.

Markets also reacted to oil price volatility amid speculation over the upcoming OPEC meeting. In Asia trade, oil prices extended their overnight rebound, with U.S. crude futures up 0.6 percent at $43.76 a barrel after jumping 4.3 percent overnight. Global benchmark Brent added 0.35 percent to $46.20 after climbing 4.5 percent overnight.