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Category: business – Page 155

Keeping An “AI” On Fintech: AI-Based Use Cases Poised To Take Financial Services To The Next Level

Over the past few years, the business world has increasingly turned towards intelligent solutions to help cope with the changing digital landscape. Artificial intelligence (AI) enables devices and things to perceive, reason and act intuitively—mimicking the human brain, without being hindered by human subjectivity, ego and routine interruptions. The technology has the potential to greatly expand our capabilities, bringing added speed, efficiency and precision for tasks both complex and mundane.

To get a picture of the momentum behind AI, the global artificial intelligence market was valued at $62.35 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 40.2% from 2021 to 2028. Given this projection, it’s not surprising that tech giants such as AWS, IBM, Google and Qualcomm have all made significant investments into AI research, development, disparate impact testing and auditing.

My coverage area of expertise, fintech (financial technology), is no exception to this trend. The AI market for fintech alone is valued at an estimated $8 Billion and is projected to reach upwards of $27 Billion in the next five years. AI and machine learning (ML) have penetrated almost every facet of the space, from customer-facing functions to back-end processes. Let’s take a closer look at these changing dynamics.

Microsoft reverses controversial.NET change after open source community outcry

Microsoft is reversing a decision to remove a key feature from its upcoming. NET 6 release, after a public outcry from the open source community. Microsoft angered the. NET open source community earlier this week by removing a key part of Hot Reload in the upcoming release of. NET 6 a feature that allows developers to modify source code while an app is running and immediately see the results.

It’s a feature many had been looking forward to using in Visual Studio Code and across multiple platforms, until Microsoft made a controversial last-minute decision to lock it to Visual Studio 2022 which is a mostly paid product that’s limited to Windows. Sources at Microsoft, speaking on condition of anonymity, told The Verge that the last-minute change was made by Julia Liuson, the head of Microsoft’s developer division, and was a business-focused move.

Restaurants prep for long-term labor crunch by turning to robots to work the fryer, shuttle food to tables

Ron Hetrick, a labor economist at EMSI and one of the report’s authors, said that as a whole the industry is not yet able to bring robotics in at a meaningful level. But future restaurant business models will continue to evolve as labor challenges remain. He expects business models could change so that the amount of service customers need drops.

“You will probably lose out on the amount of restaurants that you can go sit in,” Hetrick said.

Miso’s Bell said that software engineers are always in high demand, but the company is facing “normal challenges” in terms of worker availability. The current supply chain crunch is more of an immediate concern.

Mike Graglia, Managing Dir & Co-Founder, SynGAP Research Fund — Collaboration, Transparency, Urgency

Collaboration, transparency & urgency for rare disease research — mike graglia, managing director & co-founder, syngap research fund — SRF.

Mike Graglia is the Managing Director & Co-Founder of the SynGAP Research Fund (SRF — https://www.syngapresearchfund.org/), an organization that he set up in 2018 with his wife Ashley, after their son was diagnosed with a rare neurological disease caused by an insufficiency in SynGAP protein, which causes the life-changing diagnoses of Epilepsy, Autism, sleep disorder and intellectual disability.

The mission of SRF is to improve the quality of life of SynGAP1 patients through the research and development of treatments, therapies and support systems.

Previously, Mike worked at the Emerson Collective, New America Foundation, the Bill and Melinda Gates Foundation, BCG, the World Bank/IFC and the US Peace Corps/Namibia. During his time in Africa he created a small charity to fund girls’ education.

Mike graduated from Gonzaga University with a BS in mathematics. He then attended the Johns Hopkins School of Advanced International Studies (SAIS) and Columbia Business School.

Continue reading “Mike Graglia, Managing Dir & Co-Founder, SynGAP Research Fund — Collaboration, Transparency, Urgency” | >

The ‘First-Ever Free-Flying Commercial Space Station’ Will Launch in 2027

Built for critical research, continuous LEO presence, and space tourism.

Nanoracks, Voyager Space, and Lockheed Martin just announced that they aim to launch the first-ever free-flying commercial space station into low Earth orbit (LEO) by 2027 as part of a collaboration with NASA, a press statement reveals.

The space station, called Starlab, will be used for conducting critical research, ensuring continuous U.S. presence in low Earth orbit, and also for “tourism and other commercial and business activities,” Lockheed Martin explains. The fact that the space station is free-flying means that it will not be locked into one orbital position.

China’s Race for AI Supremacy

Artificial intelligence is set to revolutionize the world, empowering those nations that fully harness its potential. The U.S. is still seen as the world AI leader, but China is catching up. The race is central to the U.S.-China rivalry and a critical facet of the economic and military competition that will define the decade.

#China2030 #AI #BloombergQuicktake.
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3D-Printing the Czinger 21C Supercar Shows Us the Future of Car Making

Known formally as additive manufacturing, or AM, in the business, the process can make almost anything—even a car.

“For our OEMs, we were able to show a print rate 50% faster than they needed for value production and an assembly rate about 35% faster than they need for full-volume production,” Kevin said. “We have a dozen programs for multi component structures,” said Kevin. “Our first production programs are going to be in vehicles on the road in early 2022. And these are with brands that are within groups that are in the top five global automotive groups by annual volume.”

So, just to review, it’s: computer-designed parts, 3D printers making those parts, which are assembled by robots, in a much smaller space than typical assembly lines.

So no more River Rouge. The Czingers say that carmakers could replace assembly lines that had been a mile long with assembly stations like the one I saw, greatly reducing the lead time, cost, and complexity of car making. And you can switch the car model that you’re building with every new assembly. No more downtime during model-year changeover. And all those spare parts carmakers have to keep in warehouses for 10 years? They will be replaced by instant 3D printing of whatever spare part you need.

Joanna Bensz — Founder and CEO, Longevity Center And International Institute of Longevity (IIOL)

Science, Technology & Protocols For Healthy Longevity And Sustainable Health — Joanna Bensz, Founder and CEO, Longevity Center & International Institute of Longevity (IIOL), joins me on Progress, Potential, And Possibilities Geopolitical Intelligence Services #Health #Wellness #Aging #Longevity #JoannaBensz #PrinceMichaelOfLiechtenstein

Joanna Bensz is Founder and CEO of Longevity Center (https://longevity-center.eu/), a boutique preventive health and longevity medical center, that focuses on scientifically and medically advanced technologies and protocols for healthy longevity and sustainable health.

Joanna is also Founder and CEO of the International Institute of Longevity (IIOL — https://l-institute.com/), an international organization with offices in Liechtenstein and Poland, co-founded in partnership with H.S.H. Prince Michael of Liechtenstein, focusing on developing a healthy longevity agenda in Europe, identifying, highlighting and promoting solutions, technologies and lifestyle choices that prevent chronic and age related diseases leading to increasing vitality and healthy life spans.

Over her career, Joanna has spent time in a range of regional, general and business development director positions, with a number of Fortune 500 companies across Central and Eastern Europe, including at the international project management, architectural and engineering PM Group, Lockheed Martin, and at Geopolitical Intelligence Services, an organization providing independent political intelligence, strategic analysis and future scenarios to companies, governments, organizations and individual leaders, also founded by H.S.H. Prince Michael of Liechtenstein.

Joanna has also served as the Vice Chairman and Board Member of the American Chamber of Commerce in Poland, and was responsible for development and leadership of AmCham regional offices in Wroclaw and Kraków.

Continue reading “Joanna Bensz — Founder and CEO, Longevity Center And International Institute of Longevity (IIOL)” | >

Hydroponics made Fujitsu

Fijitsu retrofitted one of it’s clean rooms in a vertical farm. The project was so successful, they discovered they could enter a new market segment and sell the systems themselves. I definately want one.

Like the giant monolith in Stanley Kubrick’s 2,001 this new head of lettuce is simultaneously a product of this factory’s past and the future. Fujitsu is a space-age R&D innovator with sprawling, specialized factories. But several of its facilities, including this one, went dark when the company tightened its belt and reorganized its product lines after the 2008 global financial crisis. Now in the aftermath, it has retrofitted this facilities to serve tomorrow’s vegetable consumers, who will pay for a better-than-organic product, and who enjoy a bowl of iceberg more if they know it was monitored by thousands of little sensors.

Like the giant monolith in Stanley Kubrick’s 2001, this new head of lettuce is simultaneously a product of this factory’s past and the future. Fujitsu is a space-age R&D innovator with sprawling, specialized factories. But several of its facilities, including this one, went dark when the company tightened its belt and reorganized its product lines after the 2008 global financial crisis. Now in the aftermath, it has retrofitted this facilities to serve tomorrow’s vegetable consumers, who will pay for a better-than-organic product, and who enjoy a bowl of iceberg more if they know it was monitored by thousands of little sensors.

A year into the project, Fujitsu is now producing between 2,500 and 3,000 heads of a lettuce a day that sell for three times the normal price: The company is using its hydroponic lettuce farm to showcase its “smart” farming technologies, in the hopes of nurturing a new agribusiness.

The project is the outgrowth of a company-wide reorganization following the 2008 financial crisis, after which Fujitsu decreased its number of product lines from nine to six. Originally built in 1,967 the building where the company is now growing lettuce was once the largest transistor factory in the world. Over the years, Fujitsu expanded, buying up three other buildings and the remainder of the industrial park, bringing its total footprint in the area to roughly 260,000 square meters.

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