Samsung puts Silicon Valley on a plate in $100m all-you-can-eat 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 …
>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.
* http://en.wikipedia.org/wiki/Trojan_Room_coffee_pot
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>
"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.
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