China has outspent the US by $24 billion in 5G technology since 2015, study shows
5G is coming soon but it seems that China and not the US may be the first to provide 5G services to its citizens. This is because China has outspent the US by a whopping $24 billion building 5G infrastructure. According to a report from Deloitte China has been working on the 5G technology since 2015 and has already built 350,000 new cell sites, compared to less than 30,000 built in the US. Read how China could pip United States to the 5G post on CNBC.
‘Blockchain needs more investment in protocols’: Node Capital founder
According to Node Capital founder and CEO Jun Du, Investments in blockchain need to focus more on protocol and fundamental infrastructure. Du said, “There are so many ‘me too’ investments in blockchain right now, There is a lack of logic behind these investments.” in response to various companies announcing new blockchain projects. Read Du’s views on ZDNet.
Facebook, still on a mission to bring people online, announces Connectivity
While it may have suffered serious damage from the Cambridge Analytica data breach scandal, Facebook is not letting go its mission to provide connectivity to the unconnected. Facebook has announced a new umbrella organization called Facebook Connectivity for all of its broadband and infrastructure projects, including Internet.org. Readers will remember, there was an outrage two years ago when Facebook tried to push its Internet.org as means for providing free Internet to the unconnected. Critics had said that Internet.org violates the very basis of net-neutrality. Read more about Facebook’s mission connectivity on CNet.
Hollywood gets its own open-source foundation
CGI now forms the backbone of any film produced in Hollywood. But most CGI provides are private entities. Now the Oscar Awards organization, Academy of Motion Picture Arts and Sciences is teaming with Linux Foundation and has launched Academy Software Foundation, an open source forum for developers in motion picture and media space. Not only Linux foundation, the Hollywood’s open source initiative is backed by likes of Animal Logic, Blue Sky Studios, Cisco, DreamWorks, Epic Games, Google, Intel, SideFX, Walt Disney Studios and Weta Digital. Source: Tech Crunch.
Spending on Internet of Things May More Than Double to Over Half a Trillion Dollars
Big companies plan to double their annual spending on smart, Internet-connected devices like video surveillance gear and factory sensors over the next four years to an annual total of $520 billion, according to a new report from consulting firm Bain & Co. Read more about how companies are opening up their purses for the Internet of Things research on Fortune.