Category Archives: Windows 10

Tesla’s former Autopilot head is launching a self-driving-car company — and it could have a big advantage

chris Urmson

It’s not particularly shocking to see a new startup pop up at this point in the lucrative race to develop self-driving-car tech.

But it is noteworthy to see one that boasts the star engineers behind Google’s and Tesla’s respective projects as its leaders.

Aurora Innovation is a new startup led by Chris Urmson, the former head of Google’s autonomous car team, and Sterling Anderson, the former director of Tesla Autopilot. Drew Bagnell, Uber’s former autonomy and perception lead, has also joined Aurora as CTO.

Aurora plans to develop the hardware, software, and data services necessary to build an autonomous driving platform — a similar approach to Uber and Waymo, the self-driving venture spun out of Google’s parent company.

Aurora plans to work directly with Tier 1 suppliers to design the best sensors to feed the algorithms that will create the car brain. That involves taking on tech giants when it comes to designing complex hardware like lidar, a key sensor that helps vehicles detect objects, which has become the focal point of a lawsuit between Uber and Waymo.

Aurora is still in early stages, however, and is currently hiring and collecting data with an Audi Q7.

aurora innovation audi q7

At first glance, Aurora seems to be taking the same tactic as most self-driving startups in Silicon Valley.

Automakers have spent millions on relatively unknown ventures as part of an effort to bulk up on artificial intelligence experts. The practice gives engineers the cash cushion to pursue their ideas while carmakers secure the talent necessary to compete with Tesla and Waymo on software.

But Anderson told Business Insider that Aurora is not another Cruise Automation, a driverless car startup snatched by GM for $581 million.

“We’re not for sale,” Anderson said. “We intend to enable the entire industry and we wouldn’t be able to do that if we were owned by a single OEM.”

Aurora plans to work directly with automakers through non-exclusive partnerships, Anderson said.

Aurora was officially formed in January and was operating in stealth mode until a Tesla lawsuit broke news of the venture’s existence. The lawsuit, which alleged Anderson had poached Tesla employees to work at Aurora, was settled in April.

The startup has $6.5 million so far to work with through self-funding and a small financing round. The company plans to launch a Series A at some point this year.

The self-driving-car space is getting crowded as more startups, like AutoX, jump into the ring to build a solution for automakers that desperately need the software talent.

“I think right now the industry is kind of prickly. I think there’s a lot of anxiety right now,” Anderson said.

Although some loose alliances have been formed, like Fiat Chrysler’s work with Waymo, several automakers are still looking to align with Silicon Valley to ramp up their internal autonomous driving efforts. Ford expressed such an interest when it named Jim Hackett, the executive that had been overseeing its self-driving-car efforts, as CEO of the entire company.

“Those who build cars will continue to build cars for a long time. I don’t see that changing,” Anderson said. “At the same time, expertise in software development and self-driving [is] one place where folks like our team are uniquely qualified.”

Correction: Aurora is interested in designing complex sensor systems like lidar and radar.

SEE ALSO: Panasonic is making a massive bet on electric cars — here’s why the US CEO says it’s a ‘slam dunk’ investment

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NOW WATCH: Elon Musk just revealed the final details of Tesla’s Solar Roof — here’s everything you need to know

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Apple can make the iPhone easier to use with a simple fix in iOS 11

Apple iOS control centerApple is likely to unveil the next iteration of iOS soon. That means it’s “wish list” season, a time for iPhone owners to compile all the things they’d like to see on their devices. (And then whine about if they don’t arrive.)

For me, there’s one Android-esque bit I’ve wanted since iOS 8, but remains absent today: a customizable Control Center.

For the most part, the Control Center — the little settings menu you swipe up from the bottom of the display — is a good thing. It makes it very easy to access commonly used functions; three or four button presses become a swipe and a tap. This is something any OS that sells itself on “simplicity” should strive to do.

Apple made the whole thing better-looking and more functional with iOS 10, but also a bit more complicated. One panel became three: one to toggle quick settings like WiFi and Bluetooth, one for music and media playback controls, and one with controls for smart home devices that work with Apple’s HomeKit platform.

Apple also added 3D Touch tricks for a few quick settings. Holding down on the camera icon, for instance, lets you choose if you want to launch the camera app in selfie mode, video mode, or slow-motion video mode.

Those are useful enough (though they don’t apply to everything), but the decision to put media controls in a separate window slowed that process down, and the redesign gave some icons more space than they’re worth. 

This ties into the Control Center’s big problem: its lack of user control.

As it stands now, the functions you can access are limited to the handful Apple chooses itself. Some of these are expendable. I’ll run through what’s there now to give you an idea:

  • Airplane mode: There’s only one instance in which I use Airplane mode, and that’s on an actual airplane. Otherwise, low-power mode would be useful more often.
  • WiFi: Essential.
  • Bluetooth: Ditto. Apple going all-in on wireless headphones only reinforces that.  
  • Do Not Disturb: There are certain situations where it’s crucial for some. Personally, nobody is calling at 1AM, and vibrate is enough, so I typically pass. 
  • Orientation lock: If anything, this is an annoyance if you watch videos regularly. I’ve read enough articles in bed to know it’s a pain when the whole screen flips, but that’s about it. 
  • Flashlight: Sure, why not.img_2400
  • Timer: A shortcut to the alarm clock would make more sense. 
  • Night Shift: It’s surprisingly effective — or at least it feels like it is — but it doesn’t need a spot. 
  • Calculator: It’s good when your receipt doesn’t have suggested tip amounts already, but there are plenty of times when people aren’t in a rush to crunch numbers. 
  • Camera: No complaints.
  • Brightness slider: Auto-brightness can make it a little redundant, but that can be finicky, so it’s fine. The problem is that trying to swipe at it now inadvertently brings you to the media controls panel half the time.
  • AirDrop: Not the best if you use a Windows laptop or Android tablet. 

  • AirPlay: I prefer Roku. Plenty others prefer Amazon or Android.
  • Music playback controls: For sure. Nobody wants to go in and out of Spotify every three minutes. I don’t mind it having its own space, either; the iOS 10 overhaul made it much more robust and spaced out. I’d just like the option to make it the first window I see when music is playing.
  • Home controls: Great if you have a Apple-friendly smart home, thankfully stays out of the way if you don’t.

The point here is that everyone has their preferences. I try to keep my LTE data off when I don’t need it, for instance. But I also have friends who use iMessage. When I’m out, I usually wind up going against my inclinations, because I don’t want to go through the hassle of unlocking the phone and repeatedly tapping through settings menus to get a text. This is annoying, and it happens too often. With Android, it doesn’t.

iphone 7It’s a similar deal if you want to turn on VPN, location data, low-power mode, personal hotspot, and so on. Giving the option to swap these in, or at least to expand the number of toggles there now, or even just to rearrange the existing settings, would seem to be a simple fix.

Adding shortcuts to third-party apps would be even better, though that could open up issues in design (since Apple would need developers to make custom icons) and security (since you may be able to access personal data from the lock screen). Adding shortcuts to Apple’s own apps would at least be a halfway solution. 

Is all of this a bit nitpicky? Sure. Would that make it any less useful? Nope. There are many other things it’d be good for Apple to address with the next iOS — multi-user support, a better Siri, the ability to make non-Apple apps your defaults, a dark mode (!) — but I’ll be happy so long as I don’t have to look at the timer icon again.

SEE ALSO: RANKED: The best iOS keyboards

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NOW WATCH: Here’s why Steve Wozniak used to wait in line overnight for new Apple products

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The $2,500 answer to Amazon's Echo could make Japan's sex crisis worse

Japan has a sex problem. The country’s birthrate is shrinking year after year, to the point where deaths are outpacing births.

Simply put, Japan’s population is decreasing.

Japanese birthrate

But let’s be clear: Population change is a complicated subject affected by many factors.

Western media often correlates the decline in Japan’s population size with recent studies of Japanese sexual habits and marriage. A 2016 study by the National Institute of Population and Social Security Research in Japan, for instance, found that “almost 70 percent of unmarried men and 60 percent of unmarried women are not in a relationship.”

But just because people aren’t in relationships doesn’t mean they don’t want companionship, of course. And that’s where something like Gatebox comes in.

Gatebox AI

Yes, that is an artificially intelligent character who lives in a glass tube in your home. Her name is Azuma Hikari, and she’s the star of Gatebox — a $2,500 Amazon Echo-esque device that acts as a home assistant and companion.

Here’s what we know:

SEE ALSO: Japan’s sex problem is so bad that people are quitting dating and marrying their friends

DON’T MISS: Japan’s huge sex problem is setting up a ‘demographic time bomb’ for the country

A Japanese company named Vinclu created the Gatebox.

It’s about the size of an 8-inch by 11-inch piece of paper, according to Vinclu. And there’s a good reason for that: The device is intended to be “big enough for you to be able to put right beside you.” You’ll understand why you’d want a Gatebox so close soon enough.

The Gatebox is similar to Amazon’s Echo — it’s a voice-powered home assistant.

The Gatebox has a microphone and a camera because you operate it using your voice.

For now, it will respond only to Japanese; the company making Gatebox says it’s exploring other language options. Considering that preorder units were available for both Japan and the US, we’d guess that an English-language option is in the works.

Gatebox does a lot of the same stuff that Echo does — it can automate your home in various ways, including turning on lights and waking you up in the morning.

See the rest of the story at Business Insider

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Eisenhower’s stellar advice for how to make decisions

Dwight D. Eisenhower served as the US Army general and the 34th president of the United States. The author of “Art of Manliness,” Brett McKay shares some insights of how the former president set his priorities when making decisions. The following is a transcript of the video.

Often times throughout a day, we end up focusing on tasks that seem important but they’re just urgent.

General Eisenhower, he’s the guy that head up the D-Day invasion. Also the president of the United States. He was faced with just constant decisions throughout his military career and also as his career as president. He had this saying “We often confuse the urgent with the important, the important with the urgent.

From that, people have derived this thing called the Eisenhower decision Matrix which helps you figure out what is really really important and what’s just merely urgent. So, there’s this grid that you come up with, and there are some things that are important but not urgent, some things that are not important but urgent. The goal with this is to focus on what’s important and not urgent. What are the tasks that are most important that will provide you the most return on investment?

Often times throughout a day, we end up focusing on tasks that seem important but they’re just urgent. Emails to answer, phone calls to take, meetings that seem important but aren’t important, they’re just meetings you don’t get anything done out of it. So, instead of focusing on those not important but urgent tasks spend more time on the important stuff — the things you know it’s going to advance a project forward, advance your life forward. As you do that you’re going to find a lot more done in life.

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I used software to analyse if my relationship is doomed to failure

Buffy and Angel

Artificial intelligence can now take a guess at whether you and your partner can go the distance.

An AI firm called DataRobot has built a tool based on Stanford University data that asks you six questions about your relationship, and predicts your chances of staying together for the next couple of years.

I decided to give it a shot.

First, a bit more about how DataRobot’s Labs arm built the tool.

The quiz is based on a 2009 Stanford study of around 4,000 Americans called “How Couples Meet and Stay Together.” Stanford did follow-up surveys to see how many couples were still together after a few years, and made all the data publicly available.

DataRobot’s main business involves predictive modelling, which uses data to predict outcomes. The company’s Labs arm took Stanford’s data to build a model that could predict relationship outcomes.

How did the company decide on just six questions?

Greg Michaelson, DataRobot Labs’ director, told Business Insider it found 150 variables in the data that indicated whether a couple was more likely to stay together. But the company picked six that felt non-intrusive, and that people would feel comfortable answering. For example, the quiz doesn’t ask you if you’re living with your other half, even though that’s a factor in how likely you are to stay together.

“That’s kind of got the icky feel to it,” said Michaelson. “We wanted to stay away from anything too personal and sensitive.”

I decided to try DataRobot’s tool. Obviously, I back my relationship, and wanted to see if DataRobot’s model would do the same.

I did get the permission of my other half, though only one of you needs to take the quiz. His view: “This is basically everything that’s wrong with machine learning! But sure, why not!”

What could go wrong?

The first question asks if you’re married.

DataRobot first question

I’m not married to my boyfriend, and apparently that’s not good. It’s probably a bit much to expect after a year together though. And apparently it’s better than being divorced.

Then you state your education level.

DataRobot 2

Higher education is pretty common in the UK, so this isn’t much of a surprise. But as per DataRobot’s note, this is better news for my relationship than the marriage question.

And then how old you are.

DataRobot 3

Does four years count as a big age gap? I don’t know, but it looks like our chances might be better than Donald and Melania Trump’s.

Being together for a long time helps.

DataRobot 4

DataRobot Labs’ Michaelsen has been with his wife for 19 years, so I’m barely in the race here.

Having kids can be bad for your relationship.

DataRobot 5

Young ones, anyway.

But family is good for your relationship.

DataRobot 6 It’s a peer pressure thing. If all of your friends and family associate you and your partner as a couple, it’s harder to break up.

And finally … the results

DataRobot 7

An 80% likelihood of staying together for another two years! I’ll take that. DataRobot’s Michaelson beat me with a 90% chance, but he has 18 years of marriage on me.

Here’s DataRobot’s breakdown

DataRobot 9

The summary: Your chances of staying with someone are better if you two have a long marriage, lots of family members, fewer young kids around, and a good level of education.

What would Michaelson say to anyone who hates the idea of machine learning being used to predict personal lives?

“I totally understand,” he said. “We kept that sort of thing in mind as we were picking out the questions. The other thing is — we’re not doing anything fancy, this is letting the data speak. “My perspective is that I’d rather know what the data says, then make an informed decision. Maybe you take this quiz, maybe you say it’s rubbish and that you don’t like it. But at least you know!”

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NOW WATCH: A former iPhone factory worker explains how they keep the new iPhones a secret

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Computex 2017: ASUS announces ZenBook and VivoBook laptops powered by Windows 10

Today at Computex, ASUS introduced a stunning line-up of thin and light ZenBook and VivoBook laptops powered by Windows 10 built to boost productivity and give you the best-ever computing experience. The new laptop line-up lights up some of the best of Windows 10 — including your digital personal assistant Cortana*, Windows Hello for fast and secure login, Windows Ink for drawing in the Photos app or adding notes to your map, comprehensive protection with Windows Defender and more.

Let’s take a look at these devices:

ZenBook Flip S (UX370) with Windows 10

ASUS ZenBook Flip S combines sophistication with the convenience and versatility of a 360° display at only 10.9 mm thin and 1.1 kg light.

  • Up to a 7th Generation i7-7500U processor and an ultrafast 1TB PCIe SSD to allow you to sail through everyday computing tasks with ease.
  • New cooling system using state-of-the-art components including a liquid-crystal-polymer fan impeller that’s just 0.3 mm thin.
  • The up to 4K UHD multitouch NanoEdge display on ZenBook Flip S supports an active stylus, combining an amazing visual experience with the convenience of effortless and intuitive interactivity.
  • Fingerprint sensor for instant one-touch login via Windows Hello in either laptop or tablet mode

Pricing and Availability: ASUS ZenBook Flip S starts from USD$1,099, and will be available this summer

ZenBook Pro (UX550) with Windows 10

ASUS ZenBook Pro is the thinnest, lightest and most powerful ZenBook Pro ever, offering a winning combination of serious performance and supremely elegant design. ZenBook Pro is incredibly compact, with a precision-crafted all-aluminum unibody that’s just 18.9 mm thin and 1.8 kg light.

  • The latest 7th Generation Intel Core i7-7700HQ quad-core processor, gaming-grade NVIDIA GeForce GTX1050 Ti graphics, a 1TB PCIe x4 SSD and 16GB DDR4 RAM for the ultimate computing performance with unrivaled style
  • Battery life of up to 14 hours
  • A stunning 15.6-inch 4K UHD NanoEdge display for an expanded view and quad-speaker Harman Kardon surround-sound audio, creating an incredible visual and audio experience.
  • A fingerprint sensor for quick and secure one-touch login with Windows Hello.
  • Pricing and Availability: ASUS ZenBook Pro starts from USD$1,299, and will be available this summer.

 

ZenBook 3 Deluxe (UX490) with Windows 10

The stunning, all-aluminum ASUS ZenBook 3 Deluxe offers the perfect balance between portability and productivity with a 12.9 mm-slim and 1.1 kg-light 13-inch-class chassis that houses a gorgeous 14-inch NanoEdge ultra-narrow-bezel display.

  • The latest 7th Generation Intel Core i7-7500U processor and up to 16GB of 2133MHz LPDDR3 RAM and a blazingly-fast up 1TB PCI Express (PCIe) SSD
  • Unrivaled expansion capabilities are provided by two USB Type-C (USB-C) ports that are Thunderbolt 3-enabled with support for 40Gbps data transfers, dual 4K UHD external displays and power delivery.
  • Equipped with a fingerprint sensor for easy one-touch login with Windows Hello.
  • Pricing and Availability: ASUS ZenBook 3 Deluxe starts from USD$1,199, and will be available this summer.

 

VivoBook Pro 15 (N580) with Windows 10

ASUS VivoBook Pro 15 is a slim and lightweight 15.6-in laptop powered by a 7th Generation Intel Core i7-7700HQ quad-core processor with up to 16GB DDR4 RAM, and gaming-grade NVIDIA GeForce GTX 1050 graphics. VivoBook Pro 15 features hybrid storage and can be specified with up to a 2TB hard disk drive (HDD) and 512GB SSD. A dual-fan cooling system with a dual-copper thermal module and heat pipes ensures the system stays cool during intense gaming sessions or under heavy loads.

VivoBook Pro 15 has a 4K UHD (3840 x 2160) display with wide-view technology, anti-glare coating and a wide 100 percent sRGB color gamut. It features Harman Kardon-certified audio, including twin speakers with large 8 cc audio chambers and smart-amplifier technology for 3.2X louder volume. VivoBook Pro 15 has a fingerprint sensor for one-touch login via Windows Hello, and features support for ASUS Pen.

Pricing and Availability: ASUS VivoBook Pro 15 starts from USD$799, and will be available this summer.

VivoBook S15 (S510) with Windows 10

This 15.6-inch slim and lightweight laptop is designed for those constantly on the go, with a 17.9 mm profile and weighing just 1.5 kg. It features a NanoEdge display with a slim 7.8 mm bezel that provides a larger display area for more immersive viewing. This stylish laptop is powered by the latest 7th Generation Intel Core i7-7500U processor with up to 16GB DDR4 memory and features NVIDIA GeForce 940MX graphics.

Pricing and Availability: ASUS VivoBook S15 starts from USD$499, and will be available this summer.

Designo MZ27AQ with Windows 10

ASUS Designo MZ27AQ features a 27-inch 2560 x 1440 WQHD IPS panel with a wide 100% sRGB color gamut. This ultra-slim display measures just 7 mm slim at its thinnest point, and features a frameless panel design. It features integrated ASUS SonicMaster technology, with 12W stereo speakers and an external 5W subwoofer co-developed with Harman Kardon for 2.1-channel audio, a DisplayPort and two HDMI ports.

Vivo AiO V241 with Windows 10

ASUS Vivo AiO V241 is a stunningly beautiful 23.8-inch all-in-one PC designed for effortless everyday computing and immersive home entertainment.

  • Full HD NanoEdge multitouch display with wide-view technology and a near-invisible physical bezel that gives it an incredible 88 percent screen-to-body ratio.
  • ASUS Splendid and ASUS Tru2Life Video technologies deliver vibrant and vivid visuals with superb detail.
  • Vivo AiO V241 has a powerful ASUS SonicMaster stereo audio system incorporating two advanced bass-reflex speakers for incredibly rich, full and immersive sound.
  • Powered by Windows 10, the latest 7th Generation Intel Core i5 processor and NVIDIA GeForce 930MX discrete graphics.

Zen AiO ZN242 with Windows 10

ASUS Zen AiO ZN242 is a premium high-performance all-in-one PC, featuring a 23.8-inch multi-touch NanoEdge display with an ultra-thin 2 mm physical bezel and an incredible 90 percent screen-to-body ratio for unbounded visuals. Designed to deliver the ultimate all-in-one computing experience, Zen AiO ZN242 is powered by up to a 7th Generation Intel Core i7-7700HQ quad-core processor, 32GB of RAM, NVIDIA GeForce GTX 1050 graphics, and a 512GB PCIe SSD or a hard disk drive enhanced with the revolutionary Intel Optane memory.

Blue Cave: Smooth Wi-Fi, Smart Protection

ASUS Blue Cave is an elegantly designed AC2600-class dual-band smart Wi-Fi router that combines superb performance, commercial-grade security and family friendly features with stylish good looks. Featuring Intel technology, it delivers ultra-fast AC2600-class concurrent dual-band Wi-Fi speeds throughout the home, ensuring smooth 4K UHD video streaming, lag-free gaming and fast file downloads.

To learn more about the Windows 10 devices ASUS announced today, please visit asus.com.

*Cortana available in select markets

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A Swiss watchmaker just created a $26,900 mechanical timepiece that looks exactly like an Apple Watch

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A bunch of cycling enthusiasts just helped Peloton Cycle raise $325 million — betting it could be 'the Apple of fitness'

peloton bicycle

  • Peloton, the indoor-fitness company, has raised $325 million from investors including Wellington Management, Fidelity Investments, Kleiner Perkins, and Comcast NBCUniversal.
  • The deal, likely to be the last financing round before the company goes public, was put together by a number of cycling enthusiasts.
  • The company is on a steep-growth curve: It has tripled annual revenue, to $170 million, in just a year, and has 100,000 paying subscribers.

Noah Wintroub picked up the phone and cold-called Peloton Cycle founder and CEO John Foley.

A vice-chairman at JPMorgan, Wintroub had ordered a Peloton Cycle indoor bike. Convinced that Foley had built a great product, he wanted to get to know the company better.

“If you’ve used the product, you get it, innately,” Wintroub told Business Insider. “It’s like ‘Oh my god, these guys are the Apple of fitness.'”

Fast forward 18 months or so, and Peloton Cycle closed a $325 million financing round, with the likes of Wellington Management, Fidelity Investments, Kleiner Perkins, and Comcast NBCUniversal pouring money into the company. JPMorgan was sole placement agent for the offering. Wintroub worked on the deal with another cycling enthusiast, Eric Stein, who is head of North American investment banking at JPMorgan.

The Series E financing round valued the company at around $1.25 billion, making it a unicorn.

Peloton Cycle is built around indoor cycling from the home. It has 22 showrooms around the country, and two studios — a flagship in Manhattan and a studio in Chicago. Customers can choose from a variety of live classes and archived classes. The bike costs $1,995, and unlimited classes cost $39 a month. Some Business Insider employees have tried the bike.

The company is vertically integrated, making its own hardware, producing a tablet computer and the bike it sits on, and software, with 75 software engineers in New York City. It produces 12 hours of live television content a day, and sells through its own retail stores. It also delivers its own bikes in some cities.

“Peloton is a cultural phenomenon and has redefined what it means to build a connected experience disrupting multiple industries simultaneously: in home fitness, boutique class fitness and connected media devices,” said Jon Callaghan, cofounder of True Ventures, another investor in the firm.

The new funds will go towards upping the number of retail stores it has, toward 40 by the end of the year, according to Foley, and extending in-house delivery to 10 markets, up from three right now. It also plans to sign a lease on a 30,000 square foot space in Midtown or Downtown Manhattan in the next few months, and to turn it into a fitness facility.

“We believe Peloton is the leader in a new business that has significant potential – Physical Interactive Media,” Mary Meeker, a partner at Kleiner Perkins, said in a statement.

The $325 million fundraiser was bigger than expected and included the sale of both primary equity, or new shares, and existing shares. Foley said he didn’t expect there to be another placement, but that that didn’t mean an initial public offering was on the immediate horizon.

“We’re very well capitalized to have options over the next several quarters,” he told Business Insider.

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NOW WATCH: This is what Bernie Madoff’s life is like in prison

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This is the future of investing, and you probably can't afford it

Big money investors have always sought an edge. Everything from star traders to fast computers to unique analysis can give a big hedge fund an advantage over competitors. The latest battleground is data.

Investors are vying for new data sets that their competitors don’t have, or haven’t thought of using. These can range from the basic credit-card sales information to satellite data that tracks shipping routes, and parsing this kind of data for trading signals has been called “the future of investing.”

The industry providing this to the funds has sprung up amid an explosion in obtainable data over the past decade. The bad news for the regular investor: the cost of data, and the complexity associated with turning it into investment insights, means it will probably only be available to the biggest and most sophisticated funds. 

At JPMorgan’s macro quantitative and derivatives conference on May 19, the bank surveyed 237 investors, and asked them about Big Data and Machine Learning. It found that 70% thought that the importance of these tools will gradually grow for all investors. A further 23% said they expected a revolution, with rapid changes to the investment landscape. 

Screen Shot 2017 05 26 at 11.23.36 AM

“There was widespread agreement that Big Data and Machine Learning is transforming the investment landscape across different trading frequencies, with more than 80% of participants expecting a reduction in relevance of traditional data sources,” JPMorgan said in a note. 

To be specific, 52% of investors felt big data was already rendering traditional data sources (like financial statements and economic releases) ineffective. In other words, the quarterly reports that many regular investors rely on are already becoming less relevant. 

Screen Shot 2017 05 26 at 12.43.42 PM

The rise of so-called alternative data has created a cottage industry of firms that source, process and consult on various data sources. The market for this data is expected to double in the next five years in the US, from $200 million today to $400 million, according to a recent TABB Group report.

More than half (51%) of investors surveyed said they expected to buy semi-processed data, while 29% said they wanted to fully process in-house by consuming raw data. 

Respondents to the survey were particularly interested in credit card and transactional data. Investors are able to use anonymous data gleaned from credit card statements, and the rise of online shopping, and the digital receipts we get in our email, is a also boon. That’s because emailed receipts are usually itemized, giving investors greater detail into what people are buying.

Screen Shot 2017 05 26 at 12.43.54 PM

The biggest impediment? Cost. While a lack of expertise and management buy-in were cited by respondents as challenges, the most frequently cited impediment was high-fixed costs.

That finding is striking, given JPMorgan’s event attracted big money investors like BlackRock and AQR, with sizeable budgets to spend on the data, expertise and processing power.

If they find it expensive, the regular investor has no chance. 

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NOW WATCH: Trump is reportedly selling his Caribbean estate for $28 million — take a look inside

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Snap CEO Evan Spiegel and supermodel Miranda Kerr got married in an 'intimate affair' on Saturday (SNAP)

Evan Spiegel Miranda Kerr

Snap CEO Evan Spiegel and supermodel Miranda Kerr have officially tied the knot.

The pair got married at their home in Brentwood, California, on Saturday, according to E! News, who spoke to people who attended the ceremony.

E! reports that the wedding was an “intimate affair,” with fewer than 50 people in attendance, most of whom were “high-profile attendees and some models.”

Spiegel is known for being secretive, and that extended to his nuptials, too: Guests were picked up checkpoints and driven to Spiegel and Kerr’s home in blacked-out limos, according to TMZ, which shared photos and videos of guests arriving at the couple’s home.

The event also apparently featured karaoke: TMZ staked out a spot outside and captured audio of what they say is Kerr singing a pretty impressive rendition of Shania Twain’s “You’re Still the One” to Spiegel.

Kerr started dating the 26-year-old CEO nearly two years ago, and a whirlwind romance followed, leading up to their engagement last year. Kerr was previously married to actor Orlando Bloom and the two have a six-year-old son.

E! has more details about the wedding — including the fact that a pianist played “When You Wish Upon a Star” during the cocktail hour — so head over to their site for more.

SEE ALSO: How Snapchat CEO Evan Spiegel and supermodel Miranda Kerr met and fell in love

DON’T MISS: The fabulous life of Snap CEO Evan Spiegel, one of the youngest billionaires in the world

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