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Category: business – Page 102

Engineering and entrepreneurship — a match made in heaven!

Entrepreneurship is often glamorized, but in reality, it takes a lot of time and effort to make it. After all, there’s a reason why most startups fail. Additionally, managing a business requires specific skills, such as attention to detail and the ability to lead others. Having an analytical mindset is just as important.

Given these aspects, it’s not surprising that engineers make great entrepreneurs. Jeff Bezos, Bill Gates, Steve Wozniak, and Henry Ford all started their careers as engineers. However, not all engineers work in tech.

Hunters Race/Unsplash.

From Engineer to Entrepreneur.
5 engineer entrepreneurs who have made it big in non-engineering sectors
Credits: andresr/iStocknullEngineering and technology go hand in hand. Take the iPhone, for example. Its design, features, and performance are a result of engineering excellence.

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This GB Live News is in partnership with VB Lab funded by Xsolla.

Video games have always been resilient, even in an increasingly volatile geopolitical climate. Long-time game players are fiercely loyal, and enthusiastic new gamers keep pouring into the market, says Chris Hewish, president of Xsolla. In the first half of 2022 alone, more than 651 deals were announced or closed, for a value of $107 billion. But in a fiercely competitive market, clouded by less economic certainy, studios and indie developers are exploring an increasing number of ways to reach the audiences.

“Game companies do need to look at how their business models can function in a macroeconomic climate, heading into a recession,” he added. “Capital is going to become tighter. If you have a business model based upon growth over profitability, it’s going to be harder to find fuel for that growth. Readjusting to focus on profitability is probably one of the biggest things game companies can do right now, if they haven’t already, to weather the storm in a macro sense. But the opportunity with players and the number of people playing and spending, that’s still looking good.”

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The event will take place in a man-made city with a year-round winter sports complex. Can you make snow in the desert? It seems you can, as Saudi Arabia will be hosting the 2029 Asian Winter Games, according to a report published by the South China Morning Post on Tuesday.

Saudi Arabia plans to build the world’s largest buildings as part of its $500 billion development plan called NEOM, as the country looks to steer away from its heavy dependence on oil, Bloomberg reported.

At 10.8 million barrels a day, Saudi Arabia contributes 11 percent of the global oil production and is the largest exporter of crude oil. As the world looks towards a future that is powered by cleaner sources of energy, Saudi Arabia wants to diversify its income sources and has been looking at building destinations where it can attract industries and businesses in the future.

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In this episode we take a look at the many problems facing China’s economy. How did the country end up in this position and what does it mean for the rest of the world?

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Mark Zuckerberg laid out Tuesday how Meta is diving deeper and deeper into the black mines of the metaverse, attempting to extract digital gold.

Zuckerberg revealed a $1,500 headset Oculus Pro, as much as a PS5, Xbox Series X and Quest 2 combined, and some updates to the looks of avatars and the integration of Microsoft business products.

When your most significant announcement is the fact that after years and years of investment, you’re on the verge of debuting virtual characters with legs, something has gone wrong.

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How many bottles does he have to sell to buy out Twitter? You do the math.

The world’s richest person Elon Musk launched a new perfume, and about 24 hours later, he had orders worth two million dollars. With no prior exposure in the business, the perfume has sold on Musk’s reputation alone, and rightly so; the Tesla CEO now changed his Twitter description to Perfume Salesman.

Last Sunday, Musk unveiled the Burnt Hair perfume to his Twitter followers and how it would be a product from his tunneling venture, The Boring Company.

JDLasica/Wikimedia Commons.

Musk’s quirky products.

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Genflow has announced that its adeno-associated virus (AAV) research and development programme in Estonia has received a non-dilutive grant award of €250,000 from the Applied Research Programme of Enterprise Estonia, an Estonian governmental institution designed to stimulate business growth in the country.

Longevity. Technology: Genflow’s research programme is focused on the development of an antiaging gene therapy platform designed to target nearly 100 million patients worldwide who suffer from Werner’s syndrome, non-alcoholic fatty liver disease (NAFLD) and non-alcoholic steatohepatitis, an advanced form of NAFLD, as well as other major clinical disorders.

This R&D is a collaborative project between Genflow and IVEX lab OÜ, an Estonian company specialising in the research and development of biotech therapeutics.

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Over the last decade, Artificial intelligence (AI) has become embedded in every aspect of our society and lives. From chatbots and virtual assistants like Siri and Alexa to automated industrial machinery and self-driving cars, it’s hard to ignore its impact.

Today, the technology most commonly used to achieve AI is machine learning — advanced software algorithms designed to carry out one specific task, such as answering questions, translating languages or navigating a journey — and become increasingly good at it as they are exposed to more and more data.

Worldwide, spending by governments and business on AI technology will top $500 billion in 2023, according to IDC research.

The Field of artificial intelligence (AI) is emerging and evolving faster than ever. Here, we look at some of the major trends in the field of artificial intelligence and machine learning in 2023.

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