Lifeboat Foundation

One of the questions that I always get when I talk about credit risk modeling (Loan payment default, credit card payment default) is about the algorithms’ or models’ prediction limitations.

How can we implement a solution if the prediction probability is lower? How can we use the model or algorithm effectively for real-world problems?

Have chalked out what are all the available methods to predict the probability of default, while not getting into them detail since that’s not what this article’s intent is.

Varjo’s Aero headset is the first from the company that’s meant to appeal to individual customers rather than large organizations… and it probably won’t be the last.

Since the company’s inception, Varjo has sold high-end enterprise headsets to the likes of Fortune 500 companies. That is until just last month when the company started shipping its new Aero headset which was not only substantially cheaper but was, for the first time, sold without any kind of annual upkeep fee which made the company’s other headsets a non-starter for individual buyers.

And while it’s possible the company had formulated Aero as a sort of one-off experiment, it seems Varjo has been satisfied enough with the reception that it intends for Aero to become an ongoing series of headsets for the high-end enthusiast segment.

Energy storage manufacturer CMBlu has developed — in the context of New Energy — an innovative product: the sustainable flow storage unit. This “Organic Flow Battery” can be a solution or a game-changer for the central question of energy supply, which is: How can green energy be stored safely in large quantities?

Organic Flow Batteries from CMBlu are the first of their kind to be developed for commercial use. The technology is based on readily available, fully recyclable, organic materials. The aqueous electrolytes are non-flammable and ensure absolutely safe and reliable operation. The batteries are freely scalable between output and capacity. They can therefore be precisely adapted to the individual requirements of the corresponding application with corresponding cost advantages. The system-inherent separation of electrolyte and actual energy converter not only avoids the effect of self-discharge, but also enables the restoration of the original performance by simply replacing individual components instead of the entire battery.

For more articles on batteries of all kinds, click here.

Volvo has pledged to manufacture only electric cars by 2030. In November of last year, it released a 50-page report that delves in exquisite detail into the total carbon footprint of its cars, the purpose being to allow an honest and transparent analysis of the progress it is making toward its corporate goal of reducing emissions from manufacturing its automobiles by 40% by 2025, compared to the reference year of 2018.

Volvo produces three versions of its 40 series cars — the XC40 powered by a gasoline engine, the XC40 Recharge powered by a battery pack, and the C40 Recharge, a more aerodynamically styled version of the XC40 Recharge. All three are built in the same factory by the same workers using similar parts. That allows Volvo to do a close analysis of the emissions characteristics of each. On page 24 of its study, there is one sentence that has been seized upon by anti-EV provocateurs to as proof that electric cars are not nearly as “green” as people think they are. Here is what it says:

Recommended reading that unlocks the universe within.

Startup Jetson is now accepting preorders for its recreational EVTOL, the Jetson One. The vehicle starts at $92,000 and deliveries are expected to begin in 2023.

Follow Andy: https://twitter.com/theandyaltman.

Continue reading “Jetson One: A personal flying vehicle just for having fun” »

The latest artificial intelligence systems start from zero knowledge of a game and grow to world-beating in a matter of hours. But researchers are struggling to apply these systems beyond the arcade.

Startups are betting that partial reprogramming with Yamanaka factors may lead to age reversal, but hurdles remain.

China has developed the world’s largest electrically-powered quadruped bionic robot to assist the military on logistics and reconnaissance missions. This comes as the latest in China’s push to become a global leader in robotics by 2025 and also, of course, in military tech.

Walking on four legs and boasting a yak-like appearance, the robot is not only huge but powerful, smart, and surprisingly agile. It can move forward and backward and can perform a series of unexpected movements, such as jumping, running, turning, or walking diagonally.

This mechanical beast is strong enough to carry up to 350 pounds (160 kg) and can sprint at 6 mph (10 km/h). The robot is more than half the height of an adult when walking, and its length is about twice its height. Thanks to an unconscionable 12 sets of joint modules, it even sprints and dashes and jumps high without losing its footing.