South Korean leviathan Samsung has ring-fenced $100m to snap up early startups in IT security, mobile tech and remote computing. The globe-spanning chaebol has already set aside a billion dollars for its Samsung Ventures America Fund subsidiary, which will be run along with the $100m "Catalyst Fund" at the new Samsung Strategy …
"the internet of Things"?
WTF is the internet of things?
Re: "the internet of Things"?
>WTF is the internet of things?
It's like the internet of computers, but with things. Specifically, it refers to real-world objects being uniquely addressable, for the purposes including stock control, maintenance and home automation. Coffee pots*, door locks, light bulbs, window blinds, thermostats etc.
Word of the day. Thanks.
for those without access to an internet of things 'Chaebol (from chae: wealth or property + pol: faction or clan) refers to a South Korean form of business conglomerate.'
Pilotless Googlemobils, industrial supply and production, traffic management systems, web extensions, and thinky gizmos all require some send and return to function effectively in real time. The internet of things is the dream protocol that can skip along merrily at minimum bandwidth with a gigaton of fault tolerant "resilience". The pantswetting has already begun in the corridors of power, now that they've finally realised how vulnerable the current set of monolithic infrastructures are to brainfarts, EMR, big weather, and malicious hackers. Once they get over the thrill of imagining Big Data as some sort of personalised corporate Death Star, they'll be looking for a sturdier basket for all those eggs.
"The pantswetting has already begun in the corridors of power," - nope #1: no pantswetting. The smart-pants would have flagged up excess humidity and tweeted it to a waiting world...
"now that they've finally realised how vulnerable the current set of monolithic infrastructures are to brainfarts, EMR, big weather, and malicious hackers." - nope #2: some of the smarter people have realised there's a flaw, while the rest are probably trying to decide whether or not it is worth jumping on the "OUTLAW DIHYDROGEN MONOXIDE!" (nasty stuff, that is!) bandwagon... <sigh>
"Oh Apple, did you want this billion? Sorry, maybe the next one, old lad."
It's not even a billion - not even close - it's $100m. Also without 'Apple' in the title / body this article got all of 5 comments before you mentioned 'Apple' (one with Samsung and Apple would probably be 200+ by now) - so perhaps now it will get some more!
"The globe-spanning chaebol has already set aside a billion dollars for its Samsung Ventures America Fund subsidiary, which will be run along with the $100m"
So yeah, one beellion. My comment wasn't even against Apple, but it shows that Samsung isn't exactly cash strapped and has some money to throw around.
The centre, sitting in Menlo Park, will be led by Young Sohn
The young son of whom?