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China Roundup: Kai-Fu Lee’s first Europe bet, WeRide buys a truck startup

Hello and welcome back to TechCrunch’s China Roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world.
Despite the geopolitical headwinds for foreign tech firms to enter China, many companies, especially those that find a dependable partner, are still forging ahead. For this week’s roundup, I’m including a conversation I had with Prophesee, a French vision technology startup, which recently got funding from Kai-Fu Lee and Xiaomi, along with the usual news digest.
Spotting opportunities in China
Like many companies working on futuristic, cutting-edge …

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The Revenue-Driving Effects of IT on Business Strategy

Illustration: © IoT For AllOngoing improvements to information technology (IT) have opened new opportunities for businesses to increase their revenue stream over the past few decades. These new areas of focus are altering business strategies, bringing IT to the forefront, and placing more responsibility on the role of the Chief Information Officer. The Changing Role of ITOver the years, IT has changed from an expensive new fad that businesses were forced to experiment with to a powerful business driver. IT continues to evolve, helping to grow revenue and shape business strategy. As a part of that evolution, the role of …

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Automate annotation of image training data with Amazon Rekognition

Every machine learning (ML) model demands data to train it. If your model isn’t predicting Titanic survival or iris species, then acquiring a dataset might be one of the most time-consuming parts of your model-building process—second only to data cleaning.
What data cleaning looks like varies from dataset to dataset. For example, the following is a set of images tagged robin that you might want to use to train an image recognition model on bird species.

That nest might count as dirty data, and some model applications may make it inappropriate to include American and European robins in …

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Simplify patient care with a custom voice assistant using Amazon Lex V2

For the past few decades, physician burnout has been a challenge in the healthcare industry. Although patient interaction and diagnosis are critical aspects of a physician’s job, administrative tasks are equally taxing and time-consuming. Physicians and clinicians must keep a detailed medical record for each patient. That record is stored in the hospital electronic health record (EHR) system, a database that contains the records of every patient in the hospital. To maintain these records, physicians often spend multiple hours each day to manually enter data into the EHR system, resulting in lower productivity and increased burnout.
Physician burnout is …

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Innovations that Drive Smart Home Adoption

Illustration: © IoT For AllThe smart home space within IoT has been a bit of a strange sector for a long time. While it’s the most consumer-facing segment of the IoT industry, it hasn’t really moved very far beyond the early adopter phase into the general consumer market. Until now.According to a recent report from Technavio, the smart home market is projected to grow by as much as $15.23 billion over the next five years, progressing at a CAGR of almost 18 percent over that time. This is undeniably good news for smart home device manufacturers and IoT ecosystem …

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Ransomware Wreaks Havoc and Poses National Security Risk

During the 4th of July holiday weekend in the United States, fireworks weren’t the only things sending sparks throughout America and globally. IT (information technology) and security-management solution provider Kaseya became the latest victim of a ransomware attack that affected up to 1,500 businesses. Attackers (who may be linked to REvil) demanded a hefty ransom in bitcoin, per usual, and the question is, how can businesses, governments, and other organizations shore up their defenses against these unnamed, greedy criminals who plan and carry out ransomware attacks?
The 4th of July attack affected several countries. Swedish Coop supermarkets were hit hard, …

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TC Energy builds an intelligent document processing workflow to process over 20 million images with Amazon AI

This is a guest post authored by Paul Ngo, US Gas Technical and Operational Services Data Team Lead at TC Energy.
TC Energy operates a network of pipelines, including 57,900 miles of natural gas and 3,000 miles of oil and liquid pipelines, throughout North America. TC Energy enables a stable network of natural gas and crude oil pipelines with safety, integrity, collaboration, and responsibility top of mind. TC Energy’s natural gas pipeline supplies more than 25% of the clean-burning natural gas consumed daily across North America to heat homes, fuel industries, and generate power.
To ensure the maintenance and safety requirements for …

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Shares of protein discovery platform Absci pop in market debut

Absci Corp., a Vancouver company behind a multi-faceted drug development platform, went public on Thursday. It’s another sign of snowballing interest in new approaches to drug development – a traditionally risky business. 
Absci focuses on speeding drug development in the preclinical stages. The company has developed and acquired a handful of tools that can predict drug candidates, identify potential therapeutic targets, and test therapeutic proteins on billions of cells and identify which ones are worth pursuing. 
“We are offering a fully-integrated end-to-end solution for pharmaceutical drug development,” Absci founder Sean McClain tells TechCrunch. “Think of this as the Google index …

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Simplify data annotation and model training tasks with Amazon Rekognition Custom Labels

For a supervised machine learning (ML) problem, labels are values expected to be learned and predicted by a model. To obtain accurate labels, ML practitioners can either record them in real time or conduct offline data annotation, which are activities that assign labels to the dataset based on human intelligence. However, manual dataset annotation can be tedious and tiring for a human, especially on a large dataset. Even with labels that are obvious to a human to annotate, the process can still be error-prone due to fatigue. As a result, building training datasets takes up to 80% of a data scientist’ …

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Smart city traffic anomaly detection using Amazon Lookout for Metrics and Amazon Kinesis Data Analytics Studio

Cities across the world are transforming their public services infrastructure with the mission of enhancing the quality of life of its residents. Roads and traffic management systems are part of the central nervous system of every city. They need intelligent monitoring and automation in order to prevent substantial productivity loss and in extreme cases life-threatening situations such as obstruction to free movement of emergency services.
Today, in most city traffic operations centers, monitoring video feeds from roadside cameras is a fairly manual activity. It requires operations center engineers to mentally correlate and apply institutional knowledge to determine if an ongoing …

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