Mobileye - Driverless Car Technology Firm Now Part of Intel Inc

 US chipmaker Intel is taking a big bet on driverless cars with a $15.3bn takeover of specialist Mobileye.

Intel will pay $63.54 a share in cash for the Israeli company, which develops "autonomous driving" systems.

Mobileye and Intel are already working together, along with German carmaker BMW, to put 40 test vehicles on the road in the second half of this year.

Intel expects the driverless market to be worth as much as $70bn by 2030.

Jerusalem-based Mobileye has contracts with 27 car makers. It also controls about two thirds of the market for software that runs automatic emergency braking and semi-autonomous cruise control systems already fitted to cars and trucks.

Technology companies are racing to launch driverless cars.

Earlier this month, Nissan test drove a converted Leaf vehicle and said it hoped to make the cars available by 2020.

Google has also done extensive development of driverless cars.

Announcing the deal, Intel said that as cars "progress from assisted driving to fully autonomous, they are increasingly becoming data centres on wheels".

The chipmaker reckons that by 2020 driverless cars will generate 4,000 GB, or 4 terabytes, of data a day that can be mined for information.

Betsy Van Hees, analyst at Loop Capital Markets, said Intel had very little presence in the automotive market, "so this is a tremendous opportunity for them to get into a market that has significant growth opportunities".

Timothy Carone, a Notre Dame University academic, said: "Major players are finding ways finding ways to position themselves for a change as seminal as the personal computer revolution."

Mobileye was founded in 1999 to develop "vision-based systems to improve on-road safety and reduce collisions". 

The company, along with Intel's automated driving group, will be based in Israel and led by Amnon Shashua, Mobileye's co-founder, chairman and chief technology officer.

Indian Employers Expect Hiring to Remain Steady in April-June but Projects at Considerably Slower Pace

According to the ManpowerGroup Employment Outlook Survey released today by ManpowerGroup, the survey of 4,389 employers across India indicates that the hiring activity is expected to remain steady. In fact, employers in only three other countries report more optimistic second-quarter hiring plans than those in India. However, India’s Net Employment Outlook has now dipped by varying margins for five consecutive quarters, and opportunities for job seekers are expected to be considerably weaker than they were a year ago at this time.

AG Rao, Group Managing Director of ManpowerGroup India said, “The hiring outlook will move at a slow but steady pace as the Indian companies gauge the impact of the ongoing global slowdown compounded by automation in the IT sector and talent scarcity for niche skills. However, there will be great demand for high- skill jobs for the new positions created by automation. The government is putting efforts towards creating jobs and making India a manufacturing hub. Budget 2017 is further expected to favor more foreign investments in India and initiatives like 'Make in India' should drive global companies to set-up manufacturing facilities in India.

“Today companies are moving towards artificial intelligence and are best utilizing technology to drive innovation in order to support the successful integration of new technology. In the current employment scenario, job-seekers need to up-skill and diversify into new areas. Skills adjacency, agility and learnability — all of these characteristics are crucial to demonstrating the desire and ability to learn new skills to become and stay employable throughout long career journeys,” added, Rao.  

Sectoral Trends

Workforce gains are anticipated in all seven industry sectors during the coming quarter. The strongest hiring prospects are reported in the Services sector where employers report a Net Employment Outlook of +22%. Healthy hiring activity is also forecast by employers in two sectors with Outlooks of +21% – the Public Administration and Education sector and the Wholesale and Retail Trade sector. Manufacturing sector employers expect steady payroll gains, reporting an Outlook of +16%, while Outlooks of +15% are reported in both the Finance, Insurance & Real Estate sector and the Mining & Construction sector. Meanwhile, Transportation & Utilities sector employers report the most cautious Outlook of +10%.

Hiring intentions weaken in six of the seven industry sectors when compared with 1Q 2017. Transportation & Utilities sector employers report the most noteworthy decline of 9 percentage points, while Outlooks are 7 and 6 percentage points weaker in the Mining and Construction sector and the Manufacturing sector, respectively. However, employers in the Wholesale and Retail Trade sector report no quarter-over-quarter change.

When compared with this time one year ago, Outlooks decline in all seven industry sectors. Sharp declines of 27 and 24 percentage points are reported in the Manufacturing sector and the Mining and Construction sector, respectively, while the Outlook for the Transportation and Utilities sector is 21 percentage points weaker. Services sector employers report a decrease of 19 percentage points and Outlooks decline by 17 and 14 percentage points in the Finance, Insurance & Real Estate sector and the Wholesale and Retail Trade sector, respectively.

India’s Regional Trends

Employers in all four regions anticipate an increase in staffing levels during 2Q 2017, with the strongest labor market forecast for the South, where the Net Employment Outlook is +29%. Elsewhere, steady payroll gains are expected in the North and the West, with Outlooks of +18% and +15%, respectively, while the Outlook for the East stands at +12%.

When compared with the previous quarter, Outlooks decline by 5 percentage points in both the North and the East, while employers in the West report a decrease of 4 percentage points. Meanwhile, employers in the South report relatively stable hiring intentions.

Outlooks weaken in all four regions when compared with the second quarter of 2016. Steep declines of 26 and 25 percentage points are reported in the East and the West, respectively. Elsewhere, employers in the North report a decrease of 16 percentage points while the Outlook for the South is 12 percentage points weaker.

Global Trends

ManpowerGroup’s second-quarter research reveals that employers in 39 of 43 countries and territories intendto add to their payrolls by varying degrees in the April-June time frame.* Overall, opportunities for job seekers are expected to remain similar to those available in the first three months of 2017, with employers in most countries and territories signaling that they are content to either maintain current staffing levels or engage in modest levels of payroll growth while they monitor ongoing developments in the marketplace.

Hiring plans improve in 17 of 43 countries and territories when compared quarter-over-quarter, decline in 15, and are unchanged in 11. The year-over-year trend reveals a more pronounced uptick with outlooks strengthens in 25 countries and territories, weakens in 14, and remaining unchanged in three. ** Second-quarter hiring confidence is strongest in Taiwan, Japan, Slovenia and India. The weakest forecasts are reported in Brazil, Italy, Belgium and Switzerland. 

Staffing levels are expected to grow in 22 of 25 countries in the Europe, Middle East & Africa (EMEA) region. Outlooks improve in 12 countries quarter-over-quarter, weaken in six and are unchanged in seven. In a year-over-year comparison, Outlooks improve in 18 countries and decline in only six.  Job seekers in Slovenia, Hungary and Romania stand to benefit from the strongest employer hiring plans in the EMEA region.

Payrolls are expected to increase in all eight Asia Pacific countries and territories. When compared to the prior quarter, Net Employment Outlooks decline in three countries and territories, are unchanged in four, and improve in only one. In a year-over-year comparison the hiring pace is expected to improve by varying margins in four countries and territories and decline in the remaining four. For the second consecutive quarter, employers in Taiwan report the most optimistic forecast in the region—as well as across the globe—while for the fourth consecutive quarter employers in China report the region’s weakest forecast.

Positive Outlooks are reported in nine of the 10 countries surveyed in the Americas. Hiring confidence strengthens in four countries and declines in six when compared to the first three months of 2017. Year-over-year, hiring prospects improve in three countries, weaken in four and are unchanged in three.  For the third consecutive quarter employers in the United States report the strongest hiring plans in the Americas, and for the ninth consecutive quarter employers in Brazil report the weakest.

Infosys, Chennai Celebrates 20 Glorious Years of Learning, Excellence

Infosys Chennai Development Center (DC) that started its operations in 1996 is celebrating two decades of learning, excellence and progress with great gusto. From the center’s first steps in the city in a two-floored office with 300+ employees, the DC has witnessed tremendous growth over the last 20 years in several respects – it has expanded to two sprawling campuses at Mahindra World City and Sholinganallur, increased the employee strength to over 20,000, and houses some of the most sustainability buildings in the world.

To commemorate this milestone of 20 years, Infosys Chennai orchestrated a series of engaging and interactive events at the campus. Talking about the 20-year journey of Chennai DC, Muthuvel Gajapathi, Center Head, Infosys Chennai (Sholinganallur) said, “These 20 years have been an exhilarating and at the same time, a heartening ride for all of the employees who were associated with the DC. At this significant juncture, we celebrate our successes, contemplate on the challenges we overcame, and look forward to shaping the future with greater vigor and resolve.”

Thothathri V, Center Head, Infosys Chennai (M City) added that, “Our success story continues to progress with the unwavering support from our employees, clients, the local community, and all stakeholders who have played a central role in our transformational growth.”

During the celebration, several long-serving employees of the DC were facilitated for their loyalty and immense contribution towards the organization. Mahesh S, a seasoned employee of Chennai DC spoke on this occasion and said,, “I’ve been fortunate to watch the transformational growth of Infosys, in particular at Chennai DC. It is not just the numbers and the title of being a global leader that I’ve privileged to be associated with, but the formation and evolution of the very fabric of the DC – the teamwork, leadership and camaraderie of the employees here that makes me proud to be part of Chennai DC.”

The DC has been an early adopter of corporate social responsibility (CSR) initiatives and has strived hard to reach out to communities in and around Chennai. SNEHAM, the CSR arm of Chennai DC, has rolled out several initiatives to empower the society, and has successfully reached out to 20,000+ beneficiaries in areas of education, community service, monetary support and rural upliftment. Some of the flagship activities include Educare, Joy of Giving Week, SNEHAM Shiksha, Note Book Drive, among others. The DC also extended relentless support for Chennai flood relief and rehabilitation activities.

Chennai DC has also championed environmental stewardship by embarking global sustainability practices. Some of the key initiatives include smart buildings with Building Management System (BMS) for better monitoring and control of Heating, ventilation and air conditioning (HVAC), Lighting and other key energy intensified systems, smart water metering and increased, focused efforts in renewable energy.

IKEA Redefines Equality with its New Parental Policy in India

IKEA has announced a unique parental leave and HR policy in India under which the co-workers, including the men, will be able to avail six months leave on a child’s birth alongside other benefits. The co-workers will be able to avail the leaves with full salary they are entitled to. The policy has been announced on Women’s Day, to extend support for women and men in their role as parents and as professionals.

IKEA, through its many policies, is empowering the co-workers with many unique initiatives to create a great place to work for men and women both.

1.     Equal and balanced working environment with 50/50 men women at all levels in all functions.

2.     Day care centers in connection to each IKEA store.

3.     Transportation to and from work to ensure that everyone arrives to work and home again in a safe and secure way.

IKEA wants to create an inclusive environment for its co-workers that fits both men and women. Policies are defined to create an inclusive environment for all co-workers in different areas of the business and in different levels of the organization. IKEA believes in a culture where the value added by each individual is recognized.

Announcing the new set of initiatives along with other HR policies, Anna-Carin Månsson, Country HR Manager, IKEA India said, “I am delighted to share this piece of news with all our co- workers in India who have been working towards building the IKEA brand in India. For us the co-workers are no less than a family and it becomes imperative for us help them through important phase like this of their lives. What makes it all the more special is announcing this on Women’s Day. We remain committed towards empowering our co-workers at the workplace and ensure equal opportunities.”

Under the parental policy, it’s mandatory for male co-workers to submit a letter/proof of return to work from their partner’s employer and has resumed work post maternity leave to avail all the benefits under this policy. Similar benefits will also be extended to co-workers planning surrogacy or adoption.

The female co-workers will also have an option of reduced working hours in the nursing period; additional 2 weeks of leave with full pay in case of tubectomy operation; leave with full pay and benefits for a maximum period of 1 month in case of illness arising out of pregnancy, delivery, premature birth of child.

Tata Elxsi Partners with DiSTI to Produce e-Cockpit Demonstrator

The DiSTI Corporation, a leading provider of graphical user interface software and customized 3D virtual maintenance training solutions, announces a strategic partnership with Tata Elxsi to deliver DiSTI’s GL Studio UI products with Tata Elxsi software services. Tata Elxsi developed their e-Cockpit demonstrator using DiSTI’s GL Studio UI Designer.

Tata Elxsi has joined DiSTI’s partner program as a seasoned global development group of UI content creation and implementation professionals. Showcased during CES 2017 in January, Tata Elxsi adopted GL Studio for their e-Cockpit demonstrator for the development of the Infotainment, Cluster and HUD. Throughout the development process, DiSTI provided UI support for the GL Studio UI Designer. The hardware used for the demonstrator is the Renesas R-Car H3 Salvatore-X board. The demonstrator highlights both how GL Studio can seamlessly handle high performance graphics across multiple displays on a single embedded target, as well as the quality design and software implementation capabilities of Tata Elxsi.

“This partnership highlights the versatility of the GL Studio software suite and our commitment to our partners’ and customers’ success,” said Chris Giordano, DiSTI Vice President, Automotive Division. “DiSTI is honored to collaborate with Tata Elxsi on this project, and we look forward to a long and mutually beneficial relationship with them.”

DiSTI’s GL Studio UI tools are a comprehensive development suite for seamlessly creating cross platform 2D and 3D user interface content. GL Studio streamlines UI asset creation to implementation readiness in one platform without compromise. By consuming industry standard file formats such as Photoshop and 3ds Max into the GL Studio Designer, the graphics artist’s content directly drives the user experience and the UI designer workflow significantly reduces the time to market.

“With more and more driver assistance happening in automobiles through multiple displays, HMI and Graphics are going to play a major role and Tata Elxsi along with DiSTI are investigating futeristic ways of UX and UI implemenations in vehicles”, says Tony K John, Global Head of Marketing, Partnerships & Alliances, Automotive Business Unit, Tata Elxsi

DiSTI and TATA ELXSI will showcase the e-Cockpit demonstration at Embedded World 2017 in Germany on March 14-16. For a full demonstration, visit them in Hall 4, booth 4-131.

Radisson Blu Atria Opens 167 Rooms Upscale Hotel in Bengaluru

Brussels-headquartered hospitality major Carlson Rezidor launched its third property in the city, when it opened the doors of Radisson Blu Atria Bengaluru on Saturday.

The upper up-scale hotel has been set up in partnership with Bengaluru-based A.S.K. Brothers, which has invested a sum of around Rs 100 crore in renovating the earlier Atria Hotel into its present form. 

The new hotel features 167 guest rooms and suites which boast of modern amenities, apart from four food and beverage outlets — One Atria Café, Tijouri. The Whiskey Bar and Tea and Wine Lounge.

The hotel has over 1,250 sq metres of flexible room configurations with its six meeting spaces and two boardrooms, capable of accommodating large gatherings. Other facilities available at the hotel include the Business Class Lounge, business centre, swimming pool, spa, and a fully-equipped fitness centre.

Explaining travel trends in Bengaluru, A.S.K. Brothers Executive Director Sunder Raju said, “The city is a marketplace for corporate and business travelers. However, the stay of corporate travelers has reduced from four days to one-and-half days per trip, meaning more, frequent travel but for lesser durations.”

“Travellers don’t want in-the-face opulence, but a place to comfortable place for some good rest,” he added.

Referring to the erstwhile Atria property getting a new identity, Raju said, “The market has changed, so have customers’ needs. Sometimes we need to reinvent ourselves.”

“The opening of Radisson Blu Atria Bengaluru is a testament of our footprint in the region and a reflection of the unique brand identity that we bring to the city,” said Raj Rana, CEO (South Asia) at Carlson Rezidor Hotel Group.

Spirit of Ideation Leads to Innovation and Investment: Priyank Kharge

Young Indians (Yi) an integral part of the Confederation of Indian Industry (CII) organised the 5^th National Entrepreneurship Summit in the city Themed ‘Disruption - Challenging Traditions, Transforming World’, the summit was inaugurated by Priyank Kharge, Minister for IT, BT and Tourism Government of Karnataka in the presence of  Ajith Mathew George, Chair, Entrepreneurship Summit 2017,  R K Misra Serial Entrepreneur, and Subramanyam Putrevu, CIO Mindtree Ltd and  Arya Rajesh Kumar, Chair, Yi Bengaluru.

Delivering the inaugural address, Priyank Kharge, Minister for IT, BT and Tourism Government of Karnataka said that, the Government of Karnataka has always pursued disruption and transformative governance. It strives to be bolder and better, with the most advanced digital ecosystem for its citizens. The various e-governance schemes of the government have been path breaking and disruptive whether it be Sakala Scheme, which guarantees services to citizens in the State within a stipulated time limit or the Bhoomi Project for land record management or the ‘Karnataka Valuation & e-Registration’ program to simplify the process of registration of documents. Today the government of Karnataka is acting as a consultant for other states in the implementation of e-governance. The state is has moved on from being the leader in e-governance to being a pioneer in mobile governance. ‘Karnataka One’ an award-winning application that integrates multiple government services into one app is an example of the forward-thinking policies of the government of Karnataka.

Karnataka is the only State in India to have a start-up policy and a start-up cell to encourage and facilitate young entrepreneurs. The government is committed to provide financial, and policy support and mentorship to start-ups and this is the reason why start-ups have flourished in the state. Karnataka is the first state to have a grand startup challenge to promote and foster the spirit of ideation and innovation. The State is not worried about investments, as the government strongly believes that if adequate importance is given to ideation, innovation and invention will follow leading to investment.

While stressing on the need to bridge the gap between academia and Industry, he said that New Age Incubation Network (NAIN) covering academic institutions have been setup by the government to encourage student projects through mentoring and monetary support of Rs. 3 lakhs per project for students in the rural areas. Already 180 student groups have been funded and there has been 70 company incorporations.

Rajeev Chandrasekhar, Member of Parliament, Rajya Sabha, addressing the conference via video chat, said that innovation and disruption has flourished in the private sector but the government has lagged way behind. He called on the youth of the country to play and active role in the democratic process through an informed aware engagement and not just add to the common din. According to him innovation and disruption is the new normal and the internet and the technology the internet represents has created a level playing field. He said that, we have all the pieces to make India a great economic powerhouse but we first need to clean up our governance and make it more transparent.

R K Misra, Serial Entrepreneur and winner of Lead India Campaign said that, disrupted industries typically suffer from a perfect storm of two forces. First, low barriers to entry into these sectors lead to more agile competition. Secondly, they have large legacy business models which often generate the majority of their revenue. These organizations, therefore, have embedded cultural and organizational challenges when it comes to changing at the pace required. Today’s fast paced techno driven business eco-system is fast evolving where mere innovation is not good enough for a business to survive, leave aside success. The new mantra is “Disruption”. In last decade where the focus was on innovation the next decade would be dedicated to disruption. Disruptive technologies are changing the game for businesses by creating entirely new products and services.

Subramanyam Putrevu, Chief Information Officer, Mindtree ltd said that Entrepreneurs and policy makers must not only know what’s on the horizon but also start preparing for its impact. It is estimated that these new emerging technologies could have a potential economic impact between $14 trillion and $33 trillion a year by 2025. This estimate is neither predictive nor comprehensive but based on an in-depth analysis of key potential applications and the value they could create in a number of ways, including the consumer surplus that arises from better products, lower prices, a cleaner environment, and better health.

Ajith Mathew George, Chair, Entrepreneurship Summit 2017 said that today’s fast paced techno driven business eco-system is evolving where mere innovation is not good enough for a business to survive leave aside success. The new mantra is “Disruption”. In last decade where the focus was on innovation the next decade would be dedicated to disruption. Disruptive ideas are changing the game for businesses by creating entirely new products and services. Entrepreneurs have to keep their organizational strategies updated in the face of continually evolving technologies. They not only have to look for disruptive business models but also use technologies to improve internal performance. Digital India stands for transforming India into a digitally empowered knowledge economy. The summit will discuss about “Digital India” initiative of Govt. of India and the challenges & opportunities arising therefrom for Indian Entrepreneurs. It will also look at various schemes launched by Central and State Govt. for the start-ups and young entrepreneurs.