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Category: business – Page 237

HP Enterprise is acquiring supercomputing giant Cray

Hewlett Packard Enterprise (HPE) has a shiny new toy. The information technology firm announced today that is spending $1.3 billion to acquire supercomputer manufacturer Cray. HPE, which is a business-facing spin-off of the Hewlett Packard company, will instantly become a bigger presence in the world of academia and the federal government, where Cray has a number of significant contracts. It will also enable HPE to start selling supercomputer components to corporate clients and others.

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The Rise of India’s New Billionaires (And the Fall of the Old)

While old business clans continue to dominate India’s rich lists, a tenfold expansion in its economy since its opening in the 1990s has spawned new tycoons in fields like technology. The number of billionaires in India more than doubled to 119 between 2013 and 2018, according to Knight Frank. And the country will lead the global growth in ultrahigh net worth individuals, with its numbers rising 39 percent to 2,697 by 2023, the researcher estimates.

India is going through one of the greatest periods of wealth creation — and destruction — all at the same time.

A new breed of self-made entrepreneurs is vaulting into the ranks of the wealthy, offsetting billions lost by debt-burdened industrialists and members of the country’s old dynasties. The changes are set to help India’s ultra-rich population grow at the world’s fastest pace.

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Explorer Reaches Bottom of the Mariana Trench, Breaks Record for Deepest Dive Ever

Explorer and businessman Victor Vescovo descended 35,853 feet (10,927 meters) into the Pacific Ocean, breaking the record for deepest dive ever.

At the very bottom, he found colorful rocky structures, weird critters and the ever-pervasive mark of humankind — plastic.

Until now, only two people have successfully made it to the bottom of Challenger Deep, the planet’s deepest point at the southern end of the Mariana Trench. Back in 1960, oceanographer Don Walsh was the first to make it down to the trench successfully, reaching about 35,814 feet (10,916 m). He took the journey with Swiss oceanographer and engineer Jacques Piccard. [In Photos: James Cameron’s Epic Dive to Challenger Deep].

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A pathogen is destroying Italy’s olive trees

Olive trees don’t just dot the landscape in Puglia, Italy; they define it. They are so important here, in the heel of Italy’s boot, that locals use words like “patrimony” and “cultural heritage” when describing them. But what is worrying olive growers here is a disease that’s killing olive trees by the millions.

Paul Cappelli, who’d been an advertising executive in New York City until a few years ago, left his job and moved to a home on the ancient Appian Way surrounded by olive trees, and entered the oil business. “Not the Texas oil business; I’m in the real oil business!” he said.

Today, Villa Cappelli produces about 10,000 liters of olive oil, 95 percent of it sold in the U.S.

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Ekaterina Bereziy, CEO of ExoAtlet, a Russian company developing medical exoskeletons to enable people walk again — IdeaXme — Ira Pastor

Israel fast becoming world hub of aging industry

Eric Kilhstrom (Director of Aging Analytics Agency and former Interim Director of the £98 million Healthy Ageing Industrial Strategy Challenge Fund) is interviewed about the agency’s recent “Longevity Industry in Israel Landscape Overview 2019” report.

New report shows that Israel’s academic and business ecosystem is the optimal base for an internationally recognized longevity industry hub.

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