Archive for the ‘business’ category

Sep 25, 2020

How China Is Closing In on Its Own Digital Currency

Posted by in categories: biotech/medical, bitcoin, business, cryptocurrencies, economics, mobile phones

While there’s no launch date yet, the People’s Bank of China is likely to be the first major central bank to issue a digital version of its currency, the yuan, seeking to keep up with — and control of — a rapidly digitizing economy. Trials have been held this year in a handful of cities and tests have started with some e-wallets and online apps, with the Covid-19 pandemic and need for social distancing providing a new sense of urgency. Unlike cryptocurrencies such as Bitcoin, dealing in the digital yuan won’t have any presumption of anonymity, and its value will be as stable as the physical yuan, which will be sticking around too. Behind China’s rush is a desire to manage technological change on its own terms. As one PBOC official put it, currency isn’t only an economic issue, it’s also about sovereignty.

Not all the details are out, but according to new patents registered by the PBOC and official speeches, it could work something like this: Consumers and businesses would download a digital wallet onto their mobile phone and fill it with money from their account at a commercial bank — similar to going to an ATM. They then use that money — dubbed Digital Currency Electronic Payment, or DCEP — like cash to make and receive payments directly with anyone else who also has a digital wallet. Some questions remain, including the impact on Big Tech companies such as Ant Group Co. and Tencent Holdings Ltd. that already offer payment services.

Sep 24, 2020

Ripjar, founded by GCHQ alums, raises $36.8M for AI that detects financial crime

Posted by in categories: business, cybercrime/malcode, finance, government, privacy, robotics/AI

Financial crime as a wider category of cybercrime continues to be one of the most potent of online threats, covering nefarious activities as diverse as fraud, money laundering and funding terrorism. Today, one of the startups that has been building data intelligence solutions to help combat that is announcing a fundraise to continue fueling its growth.

Ripjar, a U.K. company founded by five data scientists who previously worked together in British intelligence at the Government Communications Headquarters (GCHQ, the U.K.’s equivalent of the NSA), has raised $36.8 million (£28 million) in a Series B, money that it plans to use to continue expanding the scope of its AI platform — which it calls Labyrinth — and scaling the business.

Labyrinth, as Ripjar describes it, works with both structured and unstructured data, using natural language processing and an API-based platform that lets organizations incorporate any data source they would like to analyse and monitor for activity. It automatically and in real time checks these against other data sources like sanctions lists, politically exposed persons (PEPs) lists and transaction alerts.

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Sep 24, 2020

Microsoft licenses the breakthrough natural language AI GPT-3

Posted by in categories: business, robotics/AI, transportation

Microsoft announced that it has “exclusively licensed” OpenAI’s sophisticated GPT-3 language model that can generate disturbingly human-like text in applications ranging from commercial bots to creative writing. After investing $1 billion in the San Francisco startup last year to become OpenAI’s exclusive cloud partner, Microsoft will get access to the language tech for itself and its Azure cloud customers.

OpenAI released GPT-3 just a couple of months ago to a limited group of developers, but its capabilities have already generated massive amounts of buzz. It’s the largest language model ever trained, and is capable of not just mundane tasks like auto-generating business correspondence, but also creative or technical chores like poetry, memes and computer code.

Sep 24, 2020

Tesla is getting into the mining business, buys lithium claim on 10,000 acres in Nevada

Posted by in categories: business, engineering, sustainability

Tesla is now officially getting into the mining business with a lithium claim on 10,000 acres in Nevada.

At the Battery Day event yesterday, as part of its entire new battery supply strategy, Tesla announced that it is developing its own lithium processing method.

Drew Baglino, SVP of engineering at Tesla, said:

Sep 23, 2020

Boxer George “Monk” Foreman III talks of Compassion and Everybody Fights!

Posted by in categories: business, life extension

Boxing, Business, and Well-Being — I am joined on this episode of ideaXme by George Foreman III; entrepreneur, professional boxer, trainer, coach, son / business partner of former two-time heavyweight boxing champion George Foreman, and founder of EverybodyFights, a rapidly expanding chain of high-end, state-of-the-art boxing and fitness gyms — #Ideaxme #Health #Wellness #Boxing #GeorgeForeman #Fitness #Gyms #Nutrition #Longevity #Aging #Healthspan #Lifespan #LifeExtension #Business #Entrepreneurship #Innovation #Startup #IraPastor #Bioquark #Regenerage

Ira Pastor, ideaXme life sciences ambassador, interviews George “Monk” Foreman III; entrepreneur, professional boxer, trainer, coach, and Founder of Everybody Fights.

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Sep 23, 2020

Saving Carpathia, The Vast Wilderness in the Heart of Europe

Posted by in categories: business, energy, government, policy, sustainability

Karen Potter, Director of Sustainability Hub and ideaXme sustainability ambassador interviews Christoph Promberger, M.Sc., Executive Director Foundation Conservation Carpathia (FCC).

Karen Potter comments:

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Sep 23, 2020

Report: Fewer Americans want to work from home

Posted by in categories: augmented reality, biotech/medical, business, neuroscience, virtual reality

Before #COVID19, we like to imagine a #future where we can get and do anything from home, including working, with the help of novel #technologies such as #VR and #AR.

However, the #COVID19 pandemic shows us the human nature, that is, “going out” is one of the basic needs for human being!

One revelation here is that: When speaking of how #technology can change our lives, we often neglect the humane factors and focus only on the technical ones. Take #VR as an example. Yes, it does allow you to have a shopping experience similar to (or even better than) shop outside. However, do you really want to stay at home 24/7 and complete everything online?

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Sep 21, 2020

15 Amazing Technologies That Are Contributing To The Greater Good

Posted by in categories: business, innovation

From business to leisure to everything in between, technology can make our lives easier and more enjoyable. Further, tech can also be used to promote the common good and make a positive impact on humanity. When an innovation can do both, it’s something truly special and important that deserves our attention.

As industry leaders, the members of Forbes Technology Council stay on top of current trends and developments, including the most exciting and impactful new technology out there. Below, 15 of them share the coolest products and services they’ve seen that are making a real difference in the world.

Sep 19, 2020

The End of Hunger Part 1: Vertical Farming

Posted by in categories: business, food, sustainability

World hunger is a persistent problem despite all of humanity’s progress in recent years. However, I believe that we have a real shot at defeating world hunger with one of humanity’s newer innovations: vertical farms.

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Sep 16, 2020

Walmart Now Piloting On-Demand Drone Delivery with Flytrex

Posted by in categories: business, drones, robotics/AI

Sept. 9, 2020 By Tom Ward, Senior Vice President, Customer Product, Walmart.

Years ago, our founder Sam Walton famously said, “I have always been driven to buck the system, to innovate, to take things beyond where they’ve been.” It remains a guiding principle at Walmart to this day. From being an early pioneer of universal bar codes and electronic scanning cash registers to our work on autonomous vehicle delivery, we’re working to understand how these technologies can impact the future of our business and help us better serve our customers.

Our latest initiative has us exploring how drones can deliver items in a way that’s convenient, safe, and – you guessed it – fast. Today, we’re taking the next step in our exploration of on-demand delivery by announcing a new pilot with Flytrex, an end-to-end drone delivery company.

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