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Category: business – Page 190

Jeff Bezos thought there was a ‘30% chance’ Amazon would succeed: I told my parents ‘it’s very likely they’ll lose their entire investment’

Thanks to Amazon’s success, CEO Jeff Bezos is the richest person in the world, worth $207 billion, according to the Bloomberg Billionaires Index.

But when he started Amazon as an online bookseller in 1994, Bezos thought it was likely that his business would fail.

“I thought there was a 30% chance that we might build a successful company,” Bezos told John Stofflet in an interview for KING-TVs “Evening Magazine” in 2000. “I never thought we’d build what Amazon has turned into, and I’m the most surprised on the planet.”

Neuromorphic: BRAINLIKE Computers

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Exploring the Implications of AI with Mastercard’s AI Garage

Amanda Christensen, ideaXme guest contributor, fake news and deep fake researcher, and Marketing Manager at Cubaka, interviews Nitendra Rajput, VP and Head of Mastercard’s AI Garage.

Amanda Christensen Comments:

Artificial intelligence has become a technological buzzword, often solely referred to AI rather than depicting the possibly infinite amount of practical applications that artificial intelligence can actually provide, or the intricacies involved from industry to industry, and region to region.

To discuss some of the many applications for artificial intelligence, as well as some of the considerations to be taken into account to create more accurate and less biased machine learning systems, I had the pleasure of speaking with Nitendra Rajput, VP and Head of Mastercard’s AI Garage.

Nitendra rajput head of mastercard’s AI garage:

Nitendra Rajput is the Vice President and Head of Mastercard’s AI Garage, setting up the centre to enable it to solve problems across various business verticals globally with machine learning processes, increasing efficiencies across the business as well as mitigating instances of fraud.

Continue reading “Exploring the Implications of AI with Mastercard’s AI Garage” | >

Mevion and Proton International to Partner on Two Proton Therapy Centers

We look forward to collaborating closely with Proton International on these new centers and providing greater access to this lifesaving technology to patients in Texas and the Southeast.”

The new centers will feature the MEVION S250i Proton Therapy System® with HYPERSCAN® Pencil Beam Scanning (PBS). HYPERSCAN enables faster and sharper delivery of therapeutic radiation to tumors. The system’s leading-edge clinical capabilities, combined with its compact, affordable design, and industry-leading ramp-up time, has changed the landscape of proton therapy. Today, more cancer centers are considering providing compact proton therapy to their patients because of the technology Mevion has advanced.

One key difference between X-ray or photon radiation therapy and proton therapy is already known. It goes to the very core of why proton therapy is beneficial. It’s not that it kills cancer better; it’s that it damages normal cells less.

LITTLETON, Mass.—()—Mevion Medical Systems and Proton International announced today that they have signed a two-system contract to bring Mevion’s compact proton therapy solution to new centers in locations to be announced in South Texas and the Southeast United States.

“PI specializes in providing custom single-room proton therapy solutions to our clinical providers, and this technology will be a powerful addition to their cancer treatment arsenal.” Tweet this

The new centers will feature the MEVION S250i Proton Therapy System® with HYPERSCAN® Pencil Beam Scanning (PBS). HYPERSCAN enables faster and sharper delivery of therapeutic radiation to tumors. The system’s leading-edge clinical capabilities, combined with its compact, affordable design, and industry-leading ramp-up time, has changed the landscape of proton therapy. Today, more cancer centers are considering providing compact proton therapy to their patients because of the technology Mevion has advanced.

Continue reading “Mevion and Proton International to Partner on Two Proton Therapy Centers” | >

KitoTech raises $3M as demand soars for its at-home no-stitch wound closure kit

Seattle healthcare startup KitoTech Medical faced a challenge at the outset of the COVID-19 pandemic. It was difficult to pitch the company’s microMend wound closure device to new hospitals and clinics, limiting the ability to grow its business.

So in response, KitoTech quickly pivoted and developed two new consumer-focused products — and the results have been “remarkable,” according to CEO Ron Berenson.

KitoTech just raised $3 million to help support its growth. The company is known for its microMend device, which was made from technology originally developed at the University of Washington. It uses tiny staples that poke into the skin on either side of a wound and is applied over a cut like a traditional butterfly bandage. The process is painless and can heal wounds up to three times faster than those closed with traditional sutures, according to the company.

New Luxury Prop Plane Boasts Speed of a Jet, Fuel Efficiency of a Car And Fraction of Costs

Otto Aviation’s Celera 500L could carry six business passengers at 450 mph at around 20 miles per gallon thanks to a new high-efficiency piston engine.

A new space-aged propeller plane could overtake business jets at a fraction of the running costs.

California-based Otto Aviation claims its prototype Celera 500L can cruise at 450 mph, with a continental range of 4,500 miles.

The Future of Rocket Technology

For the past 70 years, most of humanity’s rockets have been chemical rockets- with either liquid or solid fuel. However, it may be possible for future rockets to use different fuel sources.

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Move.ai enables AI motion capture without the hassle for video game production

Move.ai can use artificial intelligence to capture a 3D representation of an actor in a process known as motion capture. But it doesn’t need actors in Lycra suits with lots of white balls attached to them. And it enables game companies to do motion capture in a remote way during the pandemic.

That’s an important technological advancement, because the hassles of motion-capture systems have led to a stall in production for both movie makers and video game companies. Move.ai hopes to fix that with “markerless” motion capture that can lower the costs and hassles of doing the work.

The technology comes from a London company that started out capturing the images of sports athletes and turning them into digital animated objects. But the pandemic hobbled that business with the closing of physical sports events. Luckily, games need better realism to give players total immersion and engagement in an alternate reality, and that means that they need motion capture.

Putin restores the GULAG

Given all the changes Vladimir Putin is making in these days in the Russian constitutional order, ones that legalize the presidentialist dictatorship he has already created, many may have failed to notice that a law he signed restoring a key feature of the GULAG, the use of convicts as slave laborers, went into effect on January 1.

And while some may be inclined to dismiss this as nothing more than the nearly universal practice of using prisoners to produce things like license plates and road signs as in the United States, it is already taking shape as something worse and more ominous with Russian businessmen calling for setting up forced labor camps in parts of the country.

The law discussed, passed and signed by Putin last year calls for creating two kinds of labor camps: entire colonies where inmates will be put to work either for the state or for businesses on a contract basis and special “correction centers” attached to business sites.

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