Reports and coverage AM

Firm invests US$200 million in Ericsson’s iconectiv business

Francisco Partners, a leading technology investment firm, has completed its investment in iconectiv, an independent subsidiary owned by Ericsson. As part of the investment, Francisco Partners invests US$200 million to acquire a 16.7 percent ownership in iconectiv. The partnership between Ericsson and Francisco Partners will enable iconectiv to accelerate growth and deliver shareholder value.

Facebook chatbots shut down after AIs develops unique language

Facebook had to shut down its chatbot experiment after two AIs (artificial intelligence) developed their own language to communicate. Researchers at the Facebook AI Research Lab (FAIR) were experimenting with teaching two chatbots, Alice and Bob, how to negotiate with one another. The researchers soon found that the chatbots had gone off script and were creating their own unique language without any human input.

Trump admits he discussed prospect of forming cybersecurity unit with Putin at G20

US President Donald Trump has admitted that he spoke with Russian President Vladimir Putin about the prospect of forming a cybersecurity unit at the G20 summit which was held last week in Hamburg, Germany. The scrutiny over cybersecurity has intensified following the recent ransomware attack which destabilized hundreds of businesses and institutions like the NHS in the UK.

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