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Archive for the ‘finance’ category

Jun 22, 2016

Twittersphere Ridicules Russian Research Plans On Teleportation

Posted by in categories: biotech/medical, finance, government, internet

In Russia, not all scientific projects get financial backing from the government — but teleportation does.

On June 22, a special interagency working group, along with Russian Deputy Prime Minister Arkady Dvorkovich, discussed the country’s scientific and technological plans drawn up by the Russian Strategic Initiatives Agency.

The document, described in detail by Kommersant newspaper, lists innovations Russian scientists plan to accomplish by 2035. Among them are a Russia-based coding language, a 5G mobile network, “smart” buildings, medical implants — and teleportation.

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Jun 21, 2016

Voice: How To Architect A Cognitive Future For Business

Posted by in categories: biotech/medical, business, computing, education, finance, mobile phones, neuroscience, robotics/AI

Whether referred to as AI, machine learning, or cognitive systems, such as IBM Watson, a growing cadre of business leaders is embracing this opportunity head on.

That’s because their consumers are using cognitive applications on a daily basis — through their phones, in their cars, with their doctors, banks, schools, and more. All of this consumer engagement is creating 2.5 quintillion bytes of data every day. And thanks to IT infrastructures designed for cognitive workloads — that can understand, reason, and learn from all this data — organizations and entire industries are transforming and reaping the benefits.

What’s important to remember is that this sci-fi-turned-reality-show of cognitive computing cannot happen without the underlying systems on which the APIs, software, and services run. For this very reason, today’s leading CIOs are thinking differently about their IT infrastructure.

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Jun 18, 2016

Ultrafast dynamics of semiconductor nanocrystals

Posted by in categories: economics, energy, finance, quantum physics

Spectroscopy studies of charge transfer from cadmium selenide quantum dots to molecular nickel catalysts reveal unexpectedly fast electron transfer, enabling exceptional photocatalytic hydrogen production.

A key challenge facing the US is the harvesting, production, storage, and distribution of energy to support economic prosperity with responsible environmental management. Currently, fossil fuels provide more than 80% of the energy consumed in the US (even when significant increases in the use of alternative sources of energy in recent years are accounted for).1 For the US Department of Defense in particular, volatility in the price and availability of fossil fuels leads to significant short- and long-term financial, operational, and strategic risks.2 There is, therefore, clearly a need for new alternative sources of energy.

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Jun 15, 2016

Ripple Secures NY Bitcoin License | PYMNTS

Posted by in categories: bitcoin, finance

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“The state of New York just got another bitcoin company that can legally operate under the auspices of the state financial regulator’s guidelines.”

Read more

Jun 13, 2016

How Quantum Computing Can Make Finance More Scientific

Posted by in categories: business, computing, finance, habitats, quantum physics, singularity, transportation

Exponential Finance celebrates the incredible opportunity at the intersection of technology and finance. Apply here to join Singularity University, CNBC, and hundreds of the world’s most forward-thinking financial leaders at Exponential Finance in June 2017.

Modern life is punctuated by market cycles.

One year the gears of commerce are whirring along. Businesses are hiring and investing. People are buying houses and cars, televisions and computers. Things are going great. Then a year later, the gears screech to halt—sweeping layoffs, plummeting investment, and crashing markets. No one’s buying anything.

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Jun 10, 2016

3D bioprinting Pioneer Organovo Announce 2016 financial results

Posted by in categories: 3D printing, biotech/medical, finance, health, physics

For every star performing biotech, life sciences or innovative 3D printing company there are another 9 where investors would have been better off keeping their cash under a mattress.

As Organovo report their first full year operating on a commercial basis we look for clues as to which category they might fit into. With more than 25 patents secured and another 80 pending, does the current share price and today’s published financial accounts tell the full story?

Organovo increased total revenue from $570 thousand in 2015 to $1.5 million for 2016. However, losses also increased from $30.8 million to $38.6 million. Although yet to turn a profit, Organovo were always going to generate a sizeable amount of text in the 3D Printing media and beyond. The promise of combining biophysics, developmental biology and of course 3D printing to advance healthcare and life sciences is an attractive proposition.

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Jun 9, 2016

Exponential Finance: Financial Advice In the Age of AI and Long Life

Posted by in categories: finance, robotics/AI

Ric Edelman is one the top financial advisors in the US. His firm, Edelman Financial Services, has 41 offices across the country. And he thinks, all things constant, most financial advisors as we’ve known them won’t be around much longer.

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At Exponential Finance, Edelman said, “I firmly believe that in the next ten years, half of all the financial advisors in this country will be gone.”

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Jun 9, 2016

Digital Currency Tech Will as Be Transformative as the Internet

Posted by in categories: biotech/medical, bitcoin, business, computing, cryptocurrencies, finance, health, internet

Exponential Finance celebrates the incredible opportunity at the intersection of technology and finance. Watch live as hundreds of the world’s leading investors, entrepreneurs and innovators gather in New York to define the future of the way we do business.

In Bitcoin’s early years computer scientists and early adopters were running the show. Now, a new community of academics, entrepreneurs, and economists, are working with cryptocurrencies and blockchain to bring the technology to a new set of diverse applications.

From building peer-to-peer networks for secure data computation and storage to decentralized content management systems that give patients access to health-care records across hospital databases, blockchain and digital currencies are starting to rewrite the rules of the 21st century transaction.

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Jun 7, 2016

Wipro to deploy AI platform Holmes to do the job of 3,000 engineers

Posted by in categories: finance, robotics/AI

Hmmmm.


Bengaluru: Wipro Ltd will use its artificial intelligence platform Holmes to automate several aspects of its so-called fixed-price projects, saving up to $46.5 million and freeing around 3,000 engineers from mundane software maintenance activities.

The move is part of Wipro’s larger plan to generate $60-$70 million in revenue by selling the platform to new and existing clients in the current financial year.

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Jun 6, 2016

Former NASA chief unveils $100 million neural chip maker KnuEdge

Posted by in categories: computing, finance, health, robotics/AI

It’s not all that easy to call KnuEdge a startup. Created a decade ago by Daniel Goldin, the former head of the National Aeronautics and Space Administration, KnuEdge is only now coming out of stealth mode. It has already raised $100 million in funding to build a “neural chip” that Goldin says will make data centers more efficient in a hyperscale age.

Goldin, who founded the San Diego, California-based company with the former chief technology officer of NASA, said he believes the company’s brain-like chip will be far more cost and power efficient than current chips based on the computer design popularized by computer architect John von Neumann. In von Neumann machines, memory and processor are separated and linked via a data pathway known as a bus. Over the years, von Neumann machines have gotten faster by sending more and more data at higher speeds across the bus as processor and memory interact. But the speed of a computer is often limited by the capacity of that bus, leading to what some computer scientists to call the “von Neumann bottleneck.” IBM has seen the same problem, and it has a research team working on brain-like data center chips. Both efforts are part of an attempt to deal with the explosion of data driven by artificial intelligence and machine learning.

Goldin’s company is doing something similar to IBM, but only on the surface. Its approach is much different, and it has been secretly funded by unknown angel investors. And Goldin said in an interview with VentureBeat that the company has already generated $20 million in revenue and is actively engaged in hyperscale computing companies and Fortune 500 companies in the aerospace, banking, health care, hospitality, and insurance industries. The mission is a fundamental transformation of the computing world, Goldin said.

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