Bitcoin startups held up by banks

Earlier this month, the price of bitcoin went over US$3,000 for the first time in its eight-year history. The pioneering cryptocurrency has risen rapidly over the past few months, due to high demand in China plus Japan recently allowing bitcoin to be a legal means of payment. It’s price is still volatile (as I write this, it’s … Read more

Your brain: the next frontier for startups

Imagine being able to post a Facebook update by simply thinking it. Or starting a chat with your friend using mind-to-mind communication. While those two scenarios sound more like science fiction than reality, several big-name companies are trying to make it happen. Facebook, Elon Musk’s Neuralink and a well-funded startup called Kernel are all working … Read more

Life After Moore’s Law

Every year, we’re used to computers getting faster and more powerful. If you buy a new computer every two years for the same price (let’s say $2000), you’ll basically get double the power each time. This phenomenon is known as Moore’s Law, even though it isn’t a scientific law at all. It’s simply a trend, … Read more

Transport as a service: are we there yet?

Autonomous cars is one of those tech topics we all love to speculate about. There’s little doubt that autonomous cars will rule our roads at some point in the future, but the question is when. Elon Musk claims his company Tesla will have a level 4 autonomous car ready by 2019. There are five levels, so … Read more

Techweek celebrates local innovation, but it’s not all kumbaya

Earlier this month, the second annual Techweek was held in 24 locations across New Zealand. The week-long celebration of local innovation featured 287 events, from Whangarei to Dunedin. It was a big step up from last year’s Techweek, which covered Auckland only. Originally created by Auckland Tourism, Events and Economic Development (ATEED), Techweek was subsequently … Read more

Why VR movies are a bust in Hollywood

Virtual Reality has had its fair share of hype over the past couple of years, not least from the entertainment industry. There’s been speculation about VR movies from the likes of Peter Jackson and Steven Spielberg, and excitement about watching an NBA game or a Beyonce concert using the magic of VR. These are very … Read more

Smart cities encounter roadblocks in NZ

Former IBM and Siemens executive Steffen Schaefer, from Germany, has worked on mobile internet and sensor networks – what today is called the Internet of Things – since 2000. He was involved with IBM’s global Smart Cities initiative from the outset. But he says that many big tech companies have since scaled back, or refocused, their … Read more

Why our banks are friending FinTech startups

FinTech is an emerging trend worldwide and in some parts of the world, has big banking institutions on the run (so to speak). The Economist recently named China “the world’s leader in fintech,” thanks to its thriving mobile commerce ecosystem and “backward banks.” There is a nascent FinTech industry in New Zealand too. But unlike … Read more

Why mobile payments are huge in China, but neglected in the West

Silicon Valley is rightly seen as the world’s centre of technological innovation. But there’s one major technology category where Silicon Valley continues to be a laggard: e-commerce payments. Other than Paypal, a flawed product that somehow managed to dominate the early e-commerce ecosystem, there have been very few breakout online payments companies. Square and Stripe … Read more

Why we should invest in startups, not housing

For New Zealand, a small country thousands of miles away from nearly everyone else, digital trade is critical to our future growth. Technology is already the third biggest export sector in this country, behind our stalwart industries dairy and tourism. But there’s still a lot that needs to be done to help us compete in … Read more

Is the gene editing revolution passing New Zealand by

New Zealand is a proudly GE-free country, meaning it is illegal to produce or sell genetically engineered foods here. There are some exclusions for processed foods that have imported GE ingredients, like soy or corn flour, but they must be approved by a local authority and clearly labelled. However, there is zero tolerance for GE … Read more

Mixed Reality set to soar while VR stays grounded

2016 was supposed to be the year Virtual Reality (VR) made it big. Three premium VR headsets launched, prompting one analyst to forecast total sales of 12.2 million headsets by the end of the year. In reality, it ended up being 1.5 million. That’s a big miss by anyone’s calculations. The same analyst predicted Facebook … Read more

My Debut Newsroom Column: Why Google Puts AI First

AI

My weekly tech column has just launched at Newsroom, a New Zealand-based news and current affairs website. My debut column is about how Google is ushering in a new era of “AI first” technologies. This won’t be an era of shiny devices. To paraphrase Doc from Back to the Future, “Where we’re going we don’t need … Read more

Micro-targeting on Facebook to win elections

When Donald Trump was elected US President in November last year, it ushered in more than just a new era of political turmoil. It also signalled a potentially dangerous new era in social engineering. A big part of the reason why Trump won is the incredible job done by his digital team, who used a … Read more