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Category: business – Page 97

Farmer Earns Rs 1.5 Crore/Year with Machine to Turn Banana Waste Into Rope

When P M Murugesan decided to discontinue his education to join his father’s farming business, he had many ideas in mind. In particular, he wanted to work with the banana plant, being well aware that though farmers end up burning tonnes of banana waste, there’s a utility to each part of the crop.

In 2008, he started thinking of ways to make products out of banana waste. He found the idea of making ropes interesting.

“The idea struck me when I saw banana threads being used to thread flowers for garlands. I used the machine that turns coconut husk into a rope as the base and modified it to work well for processing banana fibre,” says the innovator.

Explained: Will Web 3.0 live up to its hype?

Despite its recent blowback, Web 3.0 offers a more interconnected and productive society.

The next significant development for the internet and all it governs is Web 3.0. To improve user experience, it will make use of artificial intelligence. In addition, blockchain technology will enable the service to be backed by decentralized networks since Web 3.0 is the fundamental framework for cryptocurrencies like Bitcoin and Ethereum. This will be a revolutionary move that might significantly influence businesses and how they function, as well as individual users. For instance, site owners won’t have to rely on larger businesses like Amazon (AWS) and Google to buy server space.

Web 2.0 – the current version of the internet – has grown overly centralized, with a small number of large technology businesses and government organizations controlling the industry. Web 3.0, which promises a decentralized online ecosystem built on the still-emerging blockchain, will be the third iteration of the internet. Web 3.0 was first coined in 2014 by a computer scientist named Gavin Wood also helped create Ethereum, the decentralized blockchain system that powers the ether coin.

The main problem with Web 2.0, according to Wood, is trusting the people who run the services. “We’ve managed to build ourselves into this fairly dystopian picture of what the world could be,” he said in a podcast with CNBC. This is why many believe Web 3.0 – with its focus on decentralization – will provide a more democratic and dispersed view of the internet. Additionally, it’s touted as an essential component of the emerging metaverse, an immersive online universe. While some are skeptical and refer to Web 3.0 and the metaverse as primarily a marketing project and even as a pyramid scheme, other venture investors are pouring billions of dollars into this futuristic vision. However, the idea is reportedly also opposed by many in the tech world, including Elon Musk and Jack Dorsey, the former CEO of Twitter.

For many Web 3.0 supporters, the past few months have brought a harsh awakening: the market prices of significant cryptocurrencies have fallen precipitously, the trading volume of non-fungible tokens (NFTs) has slowed, and, most importantly, some pioneer businesses in the field have filed for bankruptcy due to poor risk management and the misappropriation of investor funds. Nevertheless, many argue that business executives should not mistake market volatility or dishonest individuals with the potential applications of digital assets and the technology that support them, even while the debris keeps flying and many retail investors lose their savings.

Google may soon demo an AI Search chatbot amid pressure from ChatGPT

It seems Google is feeling the heat from OpenAI’s ChatGPT. The artificial intelligence-powered chatbot has taken the tech world by storm over the last couple months, as it can provide users with information they’re looking for in an easy-to-understand format. Google sees ChatGPT as a threat to its search business and has shifted plans accordingly over the last several weeks, according to The New York Times.

The report claims CEO Sundar Pichai has declared a “code red” and accelerated AI development. Google is reportedly preparing to show off at least 20 AI-powered products and a chatbot for its search engine this year, with at least some set to debut at its I/O conference in May.

According to a slide deck viewed by the Times, among the AI projects Google is working on are an image generation tool, an upgraded version of AI Test Kitchen (an app used to test prototypes), a TikTok-style green screen mode for YouTube and a tool that can generate videos to summarize other clips. Also in the pipeline are a feature titled Shopping Try-on (perhaps akin to one Amazon has been developing), a wallpaper creator for Pixel phones and AI-driven tools that could make it easier for developers to create Android apps.

Scientists demonstrate quantum recoil for the first time, paving the way for precise X-ray imaging

For the first time since it was proposed more than 80 years ago, scientists from Nanyang Technological University, Singapore (NTU Singapore) have demonstrated the phenomenon of “quantum recoil,” which describes how the particle nature of light has a major impact on electrons moving through materials. The research is published online today (January 19) in the journal Nature Photonics.

Making quantum recoil a practical reality should eventually allow businesses to more accurately produce X-rays of specific levels, leading to superior accuracy in healthcare and manufacturing applications such as and flaw detection in semiconductor chips.

Quantum recoil was theorized by Russian physicist and Nobel laureate Vitaly Ginzburg in 1940 to accurately account for radiation emitted when charged particles like electrons move through a medium, such as water, or materials with repeated patterns on the surface, including those on butterfly wings and graphite.

Couple Captures Rare Footage of a Giant Squid Swimming Off The Coast of Japan

A pair of scuba divers has captured rare video and photos of a 2.5-meter (eight-foot) giant squid swimming in the waters off Japan’s west coast.

Earlier this month, Yosuke Tanaka and his wife Miki, who operate a diving business in Toyooka city in the Hyogo region, were alerted to the squid by a fishing equipment vendor who had spotted it in a bay.

The couple took their boat out to reach the creature as it floated near a rocky shoreline.

Investing in the Age of Longevity 2022 — Tom Benson — Mitrix Bio

Talk Title: Human Age Reversal through Mitochondrial Transplantation.

Tom Benson, CEO at Mitrix Bio, presents at Investing in the Age of Longevity 2022. In his talk, Tom outlines the effect of mitochondria on aging, and how mitochondrial transplantation can be used for age reversal. Showcasing how Mitrix Bio is pioneering the application of this technique, Tom also presents the company’s roadmap for clinical trials and commercialisation of its platform.

Download the presentation slides: https://bit.ly/IAL22-Tom-Benson.

Investing in the Age of Longevity 2022 was held in London on 17 November 2022. The one-day masterclass featured presentations from scientists and business leaders at the cutting edge of the field, giving participants the inside track on the latest aging-related discoveries and investment opportunities.

Download the event programme: https://www.masterinvestor.co.uk/IAL22

Find out more about past and upcoming Master Investor events: https://events.masterinvestor.co.uk

Continue reading “Investing in the Age of Longevity 2022 — Tom Benson — Mitrix Bio” | >

IBM: Quantum computing poses an ‘existential threat’ to data encryption

Check out all the on-demand sessions from the Intelligent Security Summit here.

For years, encryption has played a core role in securing enterprise data. However, as quantum computers become more advanced, traditional encryption solutions and public-key cryptography (PKC) standards, which enterprise and consumer vendors rely on to secure their products, are at serious risk of decryption.

Today, IBM Institute for Business Value issued a new report titled Security in the Quantum Era, examining the reality of quantum risk and the need for enterprise adoption of quantum-safe capabilities to safeguard the integrity of critical applications and infrastructure as the risk of decryption increases.

Copenhagen Atomics submits molten salt SMR design

UK Atomics, a subsidiary of the company applied to the UK Department for Business, Energy and Industrial Strategy (BEIS) for a GDA by the Office for Nuclear Regulation (ONR) and the Environment Agency (EA). This assessment aims to assess the safety, security, and environmental protection aspects of any nuclear power plant design that is intended to be deployed in the UK.

In May 2021, BEIS opened the GDA process to advanced nuclear technologies, including small modular reactors (SMRs). Successful completion of the GDA culminates in the issue of a Design Acceptance Confirmation from the ONR and a Statement of Design Acceptability from the EA. Rolls-Royce SMR was the first vendor to submit an application for a GDA of an SMR design. Its 470 MWe pressurised water reactor design was accepted for review in March 2022. In December, GE Hitachi Nuclear Energy submitted a GDA entry application for its BWRX-300 SMR, and Holtec International has stated its intention to submit an application for its SMR-160 design.

UK Atomics molten salt reactor design uses unpressurised heavy water as a moderator, while the reactor is intended to burn nuclear waste while breeding new fuel from thorium. The company says, with an output of 100 MWt, it is small enough to allow for mass manufacturing and assembly line production.

Microsoft to offer ChatGPT at industrial scale via its Azure services

The expertise of GPT3.5 at the industrial scale.

If you are tired of your requests to access ChatGPT being waitlisted repeatedly, Microsoft has some good news for you. The chatbot is coming soon to Azure Open AI services, where businesses can access the most advanced artificial intelligence (AI) in the world, the company said in a press release.

ChatGPT, the chatbot released on November 30 last year, has caught the imagination of engineers and non-engineers alike. The large language model used by the platform allows the AI to help answer user queries in a conversational style.

NurPhoto/Getty.

Microsoft teamed up with OpenAI in July 2019 to accelerate breakthroughs in the field of AI. On its part, Microsoft used its expertise in computing to build AI supercomputers exclusively for OpenAI and, since November 2021, has been offering the Azure OpenAI service for enterprise customers.