Space Industry and Business News  
EXO LIFE
Artificial intelligence to transform web: Russian tycoon

by Staff Writers
Moscow (AFP) Dec 28, 2010
The emergence of artificial intelligence is to transform the Internet industry and social networking over the next decade, Russia's leading web tycoon said in an interview on Tuesday.

The low-profile Yury Milner, chairman in the rapidly expanding Mail.ru Internet firm and CEO of DST Global investment company who built minority stakes in Facebook and other Western firms, made the comments in an rare interview with Vedomosti.

"I think that in 10 years if you ask a question on a social network and you get an answer you will not know if a computer or a person has answered you," Milner told the financial daily.

"When you receive a question, you will not know if it has been asked by a person or an artificial intelligence. And by answering you help the computer create an algorithm."

Mail.ru, which is part owned by Russian magnate Alisher Usmanov and recently enjoyed a solid IPO in London, has grown into the biggest Internet firm in the Russian-speaking world with stakes in the most prominent portals.

It rose to prominence abroad when it unexpectedly took a 2.4 percent stake in Facebook. DST Global, the investment vehicle, also has an undisclosed stake of its own that unconfirmed reports put at a total holding of 10 percent.

In the interview Milner made no comments on the size of the Facebook stake, or Mail.ru's holdings in online games portal Zynga and deal-of-the-day website Groupon.

Milner said there had been a revolutionary change in demand for information and now there was "as much information generated in the the last two days as there was in the history of civilisation up to 2003."

He defended the company's tight focus on consumer Internet products, and in particular social Internet, saying that "we have chosen a strategy to have a global expertise in a very narrow sector."

He said that in every Internet sector, there was a tendency for one single firm to become dominant, as with Facebook in social networking in the English-speaking world.

"On the Internet there is a tendency for 'winner takes all' and a leader emerges in every niche with surprising consistency," he said.

"This is the main issue that we look at. When we made our first investment in Facebook, it was not obvious that it was a winner."



Share This Article With Planet Earth
del.icio.usdel.icio.us DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook



Related Links
Life Beyond Earth
Lands Beyond Beyond - extra solar planets - news and science



Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


EXO LIFE
NASA's arsenic life-form scientist answers critics
Washington (AFP) Dec 16, 2010
The NASA-funded scientist whose discovery of a bacterium that thrives on arsenic prompted an avalanche of criticism responded Thursday with a statement answering questions about her research. Felisa Wolfe-Simon, lead author of the study published in the journal Science earlier this month, also reflected about her experience as a young scientist thrust into the heart of a web-fueled controver ... read more







EXO LIFE
'Zombie satellite' finally reboots itself

iPhone alarm glitch leaves users fuming

Bob Benson: Tales Of Chilly Research

Orbiting junk seen as major space threat

EXO LIFE
IBCS Completes Warfighter-Centered Design Exercises

Arianespace Will Orbit Sicral 2 Milcomms Satellites

Codan Receives JITC Certification For 2110 HF Manpack

Northrop Grumman Bids for Marine Corps Common Aviation CnC

EXO LIFE
Europe launcher puts Spanish, S.Korean satellites into orbit

Suspected Debris Of Exploded Rocket Washes Ashore

ILS and Satmex Announce The ILS Proton Launch Of Satmex 8

Ariane 5's Sixth Launch Of 2010

EXO LIFE
Galileo Pathfinder GIOVE-A Achieves Five Years In Orbit

Privacy Push Will Impact Geolocation Sector

President Medvedev Sacks Space Officials Over Satellite Loss

Launch Of New Russian Navigation Satellite Postponed To Next Year

EXO LIFE
Cathay makes pay offer to pilots: report

India's first C-130 heads for base in 2011

Facebook chorus prompts Qantas to scrap instruments ban

China, Taiwan agree to more flights for Lunar New Year

EXO LIFE
Better Control Of Building Blocks For Quantum Computer

S.Korea's Hynix says chip price slump will hit Q4 profit

Iridium Memories

Making Wafers Faster By Making Features Smaller

EXO LIFE
Semisopochnoi Island

NASA's Terra Satellite Sees A Snow-Covered Ireland

NASA: More Earth science missions coming

Hole Punch Clouds Over West Virginia

EXO LIFE
'250 billion' plastic fragments in Mediterranean

Long Lasting Chemicals Threaten The Environment And Human Health

Montenegro town's dream: from toxic dump to eco-tourism hub

Firefighters to hose Naples down on New Year's Eve


The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement