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Top 5 jobs in Silicon Valley

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From Apple to ZocDoc, tech companies are hiring at a furious pace. But the No. 1 most-coveted gig just might surprise you.

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FORTUNE — If there’s anything observers can say with certainty, it’s that Silicon Valley remains an anomalous industry.

The numbers tell the story: Unemployment in startup-heavy San Francisco for instance, stood at 5.6% last August, well below the 8.9% state and 7.3% national averages. Most tech companies, big and small, can’t seem to hire to fast enough.

Part of that has to do with a relatively small hiring pool. Indeed, many tech companies say that nabbing excellent engineers is one of the toughest challenges in the ongoing war for talent. For some specialized workers, that translates to a bidding war over their skills; for others, it still means a competitive job search.

To learn more about the tech hiring crunch, Fortune sought out Matt Mickiewicz, co-founder of Hired.com. Nearly 600 companies, including Facebook (FB), Twitter, and OpenTable (OPEN), look to his online marketplace to recruit new employees.

Here are the top five most-coveted jobs in the Valley, based on Mickiewicz’s observations, in ascending order:

5.  Senior Ruby on Rails engineer
Salary: $120,000 a year

Think of Ruby on Rails simply as the programming language framework many companies use to build their web apps now. Current demand for excellent “Rails engineers” far outstrips supply. Because of that, venture capital-funded startups and larger companies will frequently entice them with perks such as free food, gym memberships, Uber transportation credits, full health coverage, unlimited vacation and PTO, subsidized phones, and an unlimited computer equipment budget.

4.  Data scientist
Salary: $150,000 – $250,000 a year

With big companies collecting more data about their users than ever before, they need people who can sift through all that information. Enter the data scientist. From LinkedIn (LNKD) to Uber, companies rely on data scientists for insights on user behavior, building recommendation engines, and personalizing the company’s web experience. Candidates for this role are typically required to hold a degree in an area such as applied mathematics or computer science. (Ph.D.s are very common.) Like Rails engineers, they too are in high demand. Mickiewicz recalls one particular man with a Ph.D. in computer science from the University of Washington, who received a $200,000-plus salary offer from one major tech company.  Another interested party was competing for him, too, but simply couldn’t match that, Mickiewicz says.

3.  VP of engineering
Salary: $175,000 a year

A VP of engineering’s most valuable skill is perhaps the ability to lead and manage people to make the rest of their team more effective. As such, employers regularly seek out candidates with between five and 15 years of experience, including time spent managing groups of software engineers. Being a great coder who can’t communicate, who can’t inspire, or who can’t be a good boss doesn’t work in this managerial role. Says Mickiewicz: “You have to be both very technically savvy and experienced so you’re able to coach and mentor others … to come up with the right solutions.”

2.  Senior iOS software engineer
Salary: $130,000 – $140,000 a year

For an operating system that’s only been available since 2008, being a capable iOS software engineer pays quite well. And because the mobile operating system remains a relatively new technology, the most knowledgable of iOS veterans may only have five years of experience or less. For senior-level iOS software engineers, many companies settle for those with 18 to 24 months of full-time experience. That doesn’t mean getting a job is easy: Apple (AAPL), Google (GOOG), and Facebook all want engineers versed in the basics of computer science. And every company subjects applicants to a pretty rigorous technical screening. Actual interview questions may include:

  • What’s the difference between nil and NiL?
  • Explain how push notifications work.
  • How do you handle persistence on the device?
  • What is heap fragmentation?
  • What do you think about encapsulation?
  • What’s the NSCoder class used for?

1.   Facebook intern
Salary: $7,000 a month (or $20,000 across 10 weeks)

Yep, you read that right. The most sought-after job in all of Silicon Valley isn’t a cushy engineering gig but may be an internship with the social network. According to Mickiewicz, Facebook typically prefers its interns be educated at one of the top 15 computer science schools. Students supposedly get bonus points if they attend Stanford University or UC Berkeley, since both campuses reside so close to Facebook’s Menlo Park, Calif., headquarters. Facebook treats the internship as a kind of test bed to surface the best and brightest, who they may hire before graduation. “The requirement really is attending one of those top schools and having visibility there,” Mickiewicz puts simply.

source: http://tech.fortune.cnn.com/2013/10/01/top-5-jobs-in-silicon-valley/?source=cnn_bin

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TODAY’S TOP TECH NEWS, NOV 29: EX-LAZADA EXECUTIVES’ STARTUP EASYSHIP RAISES US$4M

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Easyship’s platform plugin and integrations enable stores to print labels, automate international paperwork, and display real-time courier rates

Hong Kong-based Easyship raises US$4M Series A [press release]

Easyship, a shipping platform for active SMBs to simplify and automate logistics, announced today it has raised a US$4 million in Series A round of funding from a slew of investors, including Maximilian Bittner, ex-CEO & Founder of Lazada and Senior Advisor of Alibaba Group; and Richard Lepeu, ex-CEO of global luxury giant Richemont and board member of Yoox Net-A-Porter Group.

Existing investors Lamivoie Capital Partners and Richard Lepeu, as well as Rubicon Venture Capital, One Way Ventures, Kima Ventures and Picus Capital, have also co-invested.

The startup was founded in 2015 by Tommaso Tamburnotti and Augustin Ceyrac (both formerly worked at Lazada), and Paul Lugagne Delpon. Easyship’s cloud-based platform helps e-commerce merchants ship worldwide. Its platform plugin and integrations enable stores to print labels, automate international paperwork, display real-time courier rates, and offer their customers dynamic tax and duties at checkout.

The startup has offices in New York, Singapore, Netherlands, Australia, and Hong Kong.

Singapore’s GIC backs EV charging network ChargePoint’s US$240M funding [DealStreetAsia]

Singapore’s sovereign wealth fund GIC has joined a group of investors backing the US$240 million Series H funding in ChargePoint, a California-headquartered electric vehicle charging network, according to an announcement.

ChargePoint claims to have more than 57,000 independently owned public and semi-public charging spots and thousands of customers.

Other investors in the round include American Electric Power, Canada Pension Plan Investment Board, Chevron Technology Ventures, Clearvision and Daimler Truck & Buses. Quantum Energy Partners was the lead investor.

Korea’s blockchain casino project MECA Casino raises investment from ICON [press release]

South Korea-based blockchain project ICON has made a strategic investment in MECA Casino, a blockchain casino project.

MECA Casino is a DApp (Decentralised Application) of ICON and it is a reverse ICO project by Crypto Meca. MECA Casino has been developing casino games for more than three years and is ready to launch blackjack and baccarat table games. MECA Casino plans to open ‘the largest decentralised casino platform’ including sports betting solution by Q4 of 2019.

‘Master System’ of MECA Casino enables users to become ‘master’ who is an operator of casinos to be profitable from casino operation. ‘Masters’ can upgrade their casinos to attract more players, gain higher profits, and trade casinos with other potential Masters. Players can exchange MECA Coin (MCA) with MECA Chip (MCC) to play games in MECA Casino or trade casinos.

Revolut is ready to launch in Singapore and Japan [TechCrunch]

Fintech startup Revolut has been teasing Asian market expansions for more than a year, but it sounds like it might finally happen. The company has secured licenses to operate in Singapore and Japan. It now expects to launch its service in Q1 2019.

In Singapore, the company was granted a Remittance License by the Monetary Authority and a Stored Value Facility approval — these two things combined let Revolut users hold money as well as send and spend money. In Japan, the company has been authorised to operate by Japan’s Finance Service Agency. __ yahoo news

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MICROSOFT WINS US$480MIL ARMY BATTLEFIELD CONTRACT

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Microsoft Corp has won a US$480mil (RM2.01bil) contract to supply prototypes for augmented reality systems to the Army for use on combat missions and in training, the Army said.

The contract, which could eventually lead to the military purchasing over 100,000 headsets, is intended to “increase lethality by enhancing the ability to detect, decide and engage before the enemy”, according to a government description of the programme.

“Augmented reality technology will provide troops with more and better information to make decisions. This new work extends our longstanding, trusted relationship with the Department of Defence to this new area,” a Microsoft spokesman said in an emailed statement.

The US Army and the Israeli military have already used Microsoft’s HoloLens devices in training, but plans for live combat would be a significant step forward.

HoloLens is one of the leading consumer-grade headsets, but a large consumer market doesn’t yet exist; a video made for the European Patent Office this spring said it had sold about 50,000 devices. That’s about half the number the Army expects to buy through its augmented reality programme, which is called the Integrated Visual Augmentation System, or IVAS.

With the contract, the Army immediately becomes one of Microsoft’s most important HoloLens consumers. It expects devices to vary from their consumer-grade counterparts in a handful of key respects. In a document shared with companies bidding on the contract, the Army said it wanted to incorporate night vision and thermal sensing, measure vital signs like breathing and “readiness”, monitor for concussions and offer hearing protection. It said the winning bidder would be expected to deliver 2,500 headsets within two years, and exhibit the capacity for full-scale production.

The contract went though a bidding process designed to encourage the Army to do business with companies who aren’t traditional defence contractors. Magic Leap, which makes the main competitor to HoloLens for the consumer market, also pursued the contract. In early August, the Army held meetings with 25 companies interested in participating in some way, including Booz Allen Hamilton Holding Corp, Lockheed Martin Corp, and Raytheon Co. The technology industry’s cooperation with the US military and law enforcement has become increasingly tense over the last year, with employees at companies like Alphabet Inc’s Google and Amazon.com Inc pushing back against government contracts.

Earlier this year, hundreds of Microsoft workers signed a petition criticising a contract with US Immigration and Customs Enforcement that Microsoft had originally said included some of its AI software. In October, a blog post purportedly written by Microsoft employees urged the company not to bid on a multi-billion dollar US military cloud contract.

“Many Microsoft employees don’t believe that what we build should be used for waging war,” they wrote.

Later that month, Microsoft’s president and chief legal officer, Brad Smith, said the company would continue to sell software to the US military. Smith wrote that employees with ethical qualms with projects would be allowed to move to other work within the company.

“Artificial intelligence, augmented reality and other technologies are raising new and profoundly important issues, including the ability of weapons to act autonomously. As we have discussed these issues with governments, we’ve appreciated that no military in the world wants to wake up to discover that machines have started a war,” he wrote.

But we can’t expect these new developments to be addressed wisely if the people in the tech sector who know the most about technology withdraw from the conversation.” – Bloomberg

 

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TRUATA WINS PRESTIGIOUS INTERNATIONAL PRIVACY INNOVATION AWARD

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Truata, the Dublin based data anonymisation and analytics company, has today been awarded the 2018 HPE-IAPP Privacy Innovation Award at the IAPP Europe Data Protection Conference in Brussels.

Truata was founded in early 2018 by Mastercard and IBM to deliver next-generation data protection and analytics to the marketplace. In awarding Truata with this honour, the International Association of Privacy Professionals (IAPP) has recognised the service that Truata offers to companies who want to continue to leverage their data to innovate and grow while respecting and safeguarding the privacy of their customers.

The Truata Anonymisation Solution is designed to deliver actionable insights to its customers who operate in multiple industries including financial services, telecommunications, hospitality, retail and travel. Truata independently anonymises a customer’s data, giving that customer the freedom to carry out analysis while protecting people’s personal data. Running on the IBM Cloud, the Truata solution is specifically designed to fully meet the high regulatory thresholds for anonymisation as the original source data and the anonymised data will not at any time co-exist in one organisation. This ensures that analytics can be conducted across a customer’s entire data set while only analysing the fully-anonymised versions of that data.

Based on the principle of privacy by design, and using the latest data privacy technologies developed by IBM Research, the Truata Anonymisation Solution benefits from innovative technological, structural, legal and organisational safeguards. It enables companies to both maximise their data analytics utility and minimise their risk of non-compliance with privacy regulations.

On receiving the award, Aoife Sexton, Truata Chief Privacy Officer said, “The changing regulatory environment is bringing about a real challenge for companies to understand how they can use data to foster innovation but do so in a legally compliant and ethical manner. We have developed a solution that addresses this challenge by allowing companies to continue to use their data for analytics – but in a responsible way that is compliant with the GDPR, respecting both the letter and the spirit of the regulation. We are grateful to the IAPP for recognising this new innovative solution.”

Felix Marx, CEO of Truata, added, “Post GDPR, companies still need to generate value and insights from their data through analytics if they want to innovate and provide their customers the services and products they want. The optimal way to do this, while respecting your customers’ privacy rights, is to have your data anonymised by an independent third party as part of an end-to-end service including world class analytics. Truata is the first to market with this solution.”

“In today’s global digital economy, organisations will play a critical role in furthering innovation and convenience, while handling data responsibly and ethically,” said JoAnn Stonier, chief data officer for Mastercard and Truata board member. “At Mastercard, we saw the GDPR as an opportunity to enhance our data practices and—with Truata —help other businesses do the same. This award from IAPP is a terrific honour and validation of the importance of finding a path that enables both data innovation and stringent privacy protections.”

Sponsored by Hewlett Packard Enterprise (HPE) and issued by the IAPP, the world’s largest information privacy community and resource with more than 32,000 members in over 100 countries, the much coveted Innovation Award recognises unique programmes and services in global privacy and data protection across both private and public sectors.

“The 2018 HPE-IAPP Privacy Innovation Award is presented to Truata, an exemplar safeguarding tool built on the principle of privacy by design. This award spotlights unique programs and services in global privacy and data protection; we are honouring Truata for practising fine innovation,” said IAPP President and CEO J. Trevor Hughes.

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