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Category: business – Page 138

Upside Foods opened the largest synthetic meat factory in the world. It’s designed to grow thousands of pounds of chicken, beef and pork. Backed by Bill Gates and Richard Branson, Upside is betting consumers will go for vat-grown meat.

#Food #HelloWorld #BloombergQuicktake.

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One of China’s biggest AI solution providers SenseTime is a step closer to its initial public offering. SenseTime has received regulatory approval to list on the Hong Kong Stock Exchange, according to media reports. Founded in 2014, SenseTime was christened as one of China’s four “AI Dragons” alongside Megvii, CloudWalk, and Yitu. In the second half of the 2010s, their algorithms found much demand from businesses and governments hoping to turn real-life data into actionable insights. Cameras embedded with their AI models watch city streets 24 hours. Malls use their sensing solutions to track and predict crowds on the premises.

SenseTime’s three rivals have all mulled plans to sell shares either in mainland China or Hong Kong. Megvii is preparing to list on China’s Nasdaq-style STAR board after its HKEX application lapsed.

The window for China’s data-rich tech firms to list overseas has narrowed. Beijing is making it harder for companies with sensitive data to go public outside China. And regulators in the West are wary of facial recognition companies that could aid mass surveillance.

But in the past few years, China’s AI upstarts were sought after by investors all over the world. In 2018 alone, SenseTime racked up more than $2 billion in investment. To date, the company has raised a staggering $5.2 billion in funding through 12 rounds. Its biggest outside shareholders include SoftBank Vision Fund and Alibaba’s Taobao. For its flotation in Hong Kong, SenseTime plans to raise up to $2 billion, according to Reuters.

Full Story:

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Is it an egg, a blimp or a bullet? Whatever you might want to call the shape of the Otto Celera 500L, it’s one that catches the eye. It looks like no other plane out there, and for a good reason: unique aerodynamics.

The shape of the Celera is designed to drastically reduce drag by allowing air to flow very smoothly over the surface of the plane. That makes the aircraft less power-hungry, which means it burns less fuel.

“This gets us four to five times the efficiency of other turboprop aircraft, and seven to eight times the efficiency of jet aircraft,” says William Otto Jr., CEO of Otto Aviation.

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Everyone talks about learning methods, but few people can find realistic and genuine methods that provide a net profit in the types of information and application.

Elon Musk has broken through that barrier by employing learning techniques that have been proven time and time again to be successful. Musk may be said to have taken use of his education by becoming a disruptor. He and his businesses have transformed entire industries, such as transportation, energy, and space.

He recently stated at a press conference that his plans for his biotech company, Neuralink, are proceeding well, implying that he will likely move his focus in the near future to yet another sector. Musk is, without even a doubt, a once-in-a-generation genius. Possibly on par with Nikola Tesla, Albert Einstein, and Isaac Newton. He tackles things in a different way than the typical entrepreneur.

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By using ‘the holy grail of low drag.’

Business travel is going egg-shaped. Otto Aviation’s Celera 500L was just put through its paces with its first flight tests, a press statement reveals. The aircraft was designed as a business aircraft that is much cheaper to run than today’s options.

To achieve this ambitious goal, the Celera employs an egg-like design that achieves laminar flow — the uninterrupted flow of air — when in flight, vastly reducing drag by allowing air to flow smoothly over the aircraft’s surface.

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And just as private space travel is now materializing, many industry observers are forecasting that the same business model will give rise to commercial fusion — desperately needed to decarbonize the energy economy — within a decade. “There’s a very good shot to get there within less than ten years,” says Michl Binderbauer, chief executive of TAE Technologies. In the FIA report, a majority of respondents thought that fusion would power an electrical grid somewhere in the world in the 2030s.

An emerging industry of nuclear-fusion firms promises to have commercial reactors ready in the next decade.

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The creation of the Rolls-Royce Small Modular Reactor (SMR) business was announced following a £195m cash injection from private firms and a £210m grant from the government.

It is hoped the new company could create up to 40,000 jobs by 2050.

However, critics say the focus should be on renewable power, not new nuclear.

Private investors and the UK government will help fund the firm’s development of small nuclear reactors.

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The new feature is part of Google’s Business Messages, a conversational messaging service that allows organizations to connect with people via Google Search, Google Maps, or their own business channels. For instance, Albertsons used Business Messages to share information with customers about vaccine administration. Suppose someone searched on Google for Safeway (an Albertson’s company). In that case, they could use the “message” button on Google Search to receive information like vaccine availability and how to book an appointment.

The new Bot-in-a-Box feature lets businesses launch a chatbot with an existing customer FAQ document, whether it’s from a web page or an internal document, to keep the service simple. The feature uses Google’s Dialogflow technology to create chatbots that can automatically understand and respond to customer questions without writing any code.

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