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Archive for the ‘business’ category: Page 15

Jun 9, 2020

The US economy could take nearly a decade to recover from the coronavirus pandemic, according to the CBO

Posted by in categories: biotech/medical, business, economics, government

“Business closures and social distancing measures are expected to curtail consumer spending, while the recent drop in energy prices is projected to severely reduce U.S. investment in the energy sector,” said the CBO in the report, a letter in response to Senate Majority Leader Chuck Schumer of New York.

Read more: GOLDMAN SACHS: Buy these 25 beaten-down stocks all poised to jump more than 18% from current levels

The roughly $3.3 trillion in stimulus provided by Congress in recent months will only “partially mitigate the deterioration in economic conditions,” the federal agency said.

Continue reading “The US economy could take nearly a decade to recover from the coronavirus pandemic, according to the CBO” »

Jun 9, 2020

Minneapolis Manufacturing Company Will Leave City after Plant Burned in Riots

Posted by in categories: biotech/medical, business

A Minneapolis manufacturing company whose plant was set on fire by rioters plans to leave the city, saying that city officials afforded them no assistance in handling the destruction.

“They don’t care about my business,” 7-Sigma Inc.’s president and owner, Kris Wyrobek, told The Star Tribune about Minneapolis public officials. “They didn’t protect our people. We were all on our own.”

The 7-Sigma plant in south Minneapolis, which the company has maintained since 1987, shut down several hours early around 7 p.m. instead of 11 p.m. as a precautionary measure on the first night of rioting. The company manufactures several products, including rollers for high-speed printing presses and medical training mannequins.

Jun 9, 2020

Texas Reports Record-Breaking COVID-19 Hospitalizations As State Reopens

Posted by in categories: biotech/medical, business, health

Guessing things are about to get dicey.


Texas reported a record-breaking number of COVID-19 hospitalizations Monday as the governor plans to reopen more businesses and double capacity.

Texas Department of State Health Services figures show 1,935 people were admitted as hospital patients for coronavirus-related treatment. That is up from a previous record of 1,888 on May 5.

Continue reading “Texas Reports Record-Breaking COVID-19 Hospitalizations As State Reopens” »

Jun 8, 2020

Nio might have figured out battery swap for electric cars as it completes 500,000 swaps

Posted by in categories: business, sustainability, transportation

Over the years I have been covering electric vehicles, I’ve seen several companies attempt to add value to EVs by using swappable battery packs.

The idea is that if charging takes longer than refueling a tank of gas, we could just swap a battery pack for a fully charged one.

Continue reading “Nio might have figured out battery swap for electric cars as it completes 500,000 swaps” »

Jun 8, 2020

The Impact Of Artificial Intelligence On Professional Services

Posted by in categories: business, law, robotics/AI

Accountants and lawyers to use AI to cannibalise their business – before someone else does.

Jun 8, 2020

OpenAI & UberAI Proposed A New Method To Neural Architecture Search

Posted by in categories: business, robotics/AI

Recently, OpenAI collaborated with UberAI to propose a new approach — Synthetic Petri Dish — for accelerating the most expensive step of Neural Architecture Search (NAS). The researchers explored whether the computational efficiency of NAS can be improved by creating a new kind of surrogate, one that can benefit from miniaturised training and still generalise beyond the observed distribution of ground-truth evaluations.

Deep neural networks have been witnessing success and are able to mitigate various business challenges such as speech recognition, image recognition, machine translation, among others for a few years now.

According to the researchers, Neural Architecture Search (NAS) explores a large space of architectural motifs and is a compute-intensive process that often involves ground-truth evaluation of each motif by instantiating it within a large network, and training and evaluating the network with thousands or more data samples. By motif, the researchers meant the design of a repeating recurrent cell or activation function that is repeated often in a larger Neural Network blueprint.

Continue reading “OpenAI & UberAI Proposed A New Method To Neural Architecture Search” »

Jun 6, 2020

Locus Robotics raises another $40M as retailers increasingly look to automate

Posted by in categories: biotech/medical, business, information science, robotics/AI

The COVID-19 pandemic will have a profound impact on robotics, as more companies look to automation as a way forward. While wide-scale automation had long seemed like an inevitability, the pandemic is set to accelerate the push as corporations look for processes that remove the human element from the equation.

Of course, Locus Robotics hasn’t had too much of an issue raising money previously. The Massachusetts-based startup, which raised $26 million back in April of last year, is adding a $40 million Series D to its funds. That brings the full amount to north of $105 million. This latest round, led by Zebra Technologies, comes as the company looks to expand operations with the launch of a European HQ.

“The new funding allows Locus to accelerate expansion into global markets,” CEO Rick Faulk said in a release, “enabling us to strengthen our support of retail, industrial, healthcare, and 3PL businesses around the world as they navigate through the COVID-19 pandemic, ensuring that they come out stronger on the other side.”

Continue reading “Locus Robotics raises another $40M as retailers increasingly look to automate” »

Jun 5, 2020

IoT, AI and blockchain will change every aspect of enterprises and our lives: Oracle

Posted by in categories: bitcoin, business, economics, health, internet, robotics/AI

The current health crisis has snowballed into a world economic crisis, where every old business norm has been challenged. In such times, we cannot fall back on old ways of doing our business. Today, three technologies

Internet of Things(IoT), Artificial Intelligence (AI), and blockchain are poised to change every aspect of enterprises and our lives. Now more than ever, organisations realise the pertinent need for a robust digital foundation for their businesses as their future plans have been disrupted. “To achieve that level of business sophistication holistically it is imperative that there is a seamless flow of data across all the functions of an enterprise. That requires connected data that is secure and one that is driven by connected intelligence,” Guruprasad Gaonkar, JAPAC SaaS Leader for ERP & Digital Supply Chain, Oracle told Moneycontrol in an interview:

How is India reacting to emerging technologies as compared to other Asia Pacific (APAC) regions?

Continue reading “IoT, AI and blockchain will change every aspect of enterprises and our lives: Oracle” »

Jun 3, 2020

Volkswagen T2 Camper Van Electric Conversion

Posted by in categories: business, transportation

A couple of months ago I introduced you to a UK company that converts classic cars to electric propulsion. The company, named eDub Services, was founded by a young man named Kit Lacey, and since my piece on his business, he and I have been in conversation about this fascinating field of entrepreneurship. I have an old Volvo 240 in my garage that one day will need an electric drivetrain for sure, so getting acquainted with someone like Kit is a good bet.

I talked to Kit about the concrete and chronological information on his rebuilds and how we could make it accessible for all of us curious about how such projects can be carried out. This series is the result, in Kit Lacey’s own words. So let’s begin at the beginning.

Continue reading “Volkswagen T2 Camper Van Electric Conversion” »

Jun 1, 2020

Toronto artificial intelligence startup creates disease screening tool for retail stores

Posted by in categories: biotech/medical, business, robotics/AI

An artificial intelligence development company out of Toronto has introduced some fancy new tools to help businesses operate more safely during the pandemic.

Predictmedix’s technologies allow stores and other establishments to screen customers for symptoms of COVID-19 before they enter, and they can even tell when people aren’t properly social distancing or wearing masks while inside.

The firm’s Infection and Protocol Screening machines — which take the form of standalone pods or walk-through booths — use AI, infrared thermography and multispectral cameras to detect symptoms within seconds, and can even recognize cognitive impairment from substances like alcohol or illnesses like dementia.

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