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Category: economics – Page 14

New research from the University of Göttingen reveals that amethyst geodes in Uruguay formed at low temperatures from groundwater-like fluids, proposing a new model for their formation based on extensive geological surveys and innovative analytical methods.

Amethyst, the violet variety of quartz, has been used as a gemstone for centuries and is a key economic resource in northern Uruguay. Geodes are hollow rock formations often with quartz crystals, such as amethyst, inside.

In Uruguay, amethyst geodes have been found in cooled lava flows dating back to the original breakup of the supercontinent Gondwana approximately 134 million years ago. However, their formation has remained a mystery.

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“Our vision is for chip designers and engineering students, not just suppliers and manufacturers, to co-locate here, to create a value added ecosystem beyond just what it takes to build chips, and that’s how we’re going to create more value in the Phoenix economy,” Mack said.

A further three plants are also planned for the Phoenix site, which could bring TSMC’s total investment in the area to over $120 billion. Tech giant Apple has announced it will buy semiconductors from the fabrication plants.

The plants are anticipated to create 10,000 permanent jobs, and another 80,000 are expected to be created in the surrounding development.

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Viktoria Soltesz is the founder and CEO of PSP Angels Group, an independent payment consulting firm. PSP Angels is an independent payment and banking consultancy firm. In this interview leading up to the Fin+AI 2024 Conference we discuss a variety of topics related to moving money.

https://www.pspangels.com.

Viktoria will be presenting at the upcoming Fin+AI 2024 Conference, October 2–4, 2024 at Le Meridien in Dania Beach, Florida. For complete information and registration please visit:

www.finaiconference.com.

She is also the author of the Moving Money — How Banks Think, currently available on Amazon.

https://a.co/d/0eyjUuPj.

Continue reading “Viktoria Soltesz, Founder of PSP Angels, and Author, Moving Money, How Banks Think Shares Her Story” | >

Here’s viktoria soltesz, founder and CEO of PSP angels group.

Viktoria is the author of the new book “Moving Money: How Banks Think”, now available on Amazon.

Viktoria will be presenting at the upcoming Fin+AI 2024 Conference, October 2–4, 2024 at Le Meridien Hotel in Dania Beach, Florida.

Viktoria Soltesz is the founder and CEO of PSP Angels Group, an independent payment consulting firm. PSP Angels is an independent payment and banking consultancy firm. In this interview leading up to the Fin+AI 2024 Conference we discuss a variety of topics related to moving money.

https://www.pspangels.com.

Continue reading “Viktoria Soltesz, Author of Moving Money, Shares the Importance of Education in Banking and Payments” | >

Chris delves into the transformative impact of digital money and AI on financial services, predicting major changes by 2030. The conversation explores key themes like personalization, automation, and the tension between centralization and decentralization. Chris highlights how AI and blockchain are shaping the future of finance, emphasizing the need for smart data use. He also shares insights on the evolving role of fintech startups and traditional banks. Tune in for a deep dive into the future of money and technology, and get inspired by one of fintech’s most influential voices. Don’t miss this enlightening discussion on how intelligent money is set to revolutionize our lives!

Follow Chris Skinner: https://thefinanser.com/ / https://www.linkedin.com/in/cmskinner/
Chris Skinner, a top fintech influencer and award-winning speaker, is the author of 18 books, including “Intelligent Money.” He blogs daily at The Finanser.com and co-founded one of the first mobile banks. Skinner advises global leaders and organizations like the UN and the World Economic Forum. He also writes children’s books and co-founded The Portrait Foundation. In 2023, he received a Lifetime Achievement Award from the Payments Association.

Paolo Sironi: https://www.linkedin.com/in/thepsironi/
IBM FinTech Strategy and Author.

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HVAC systems common in data centers expel warm air outdoors, creating a consistent, untapped wind resource that can be converted into electricity. In a case study of a Colombian data center, the researchers used vertical axis Tesup V7 wind turbines to capture this man-made waste wind. The turbines, installed atop chillers, were chosen because they minimized size and weight while maximizing electricity generation.

The amount of gross electricity produced annually by six wind turbines was 513.82MWh from artificial airflow, exceeding the energy consumption of the facility’s fans, and providing a surplus of 131.2MWh. The authors suggest this recycled energy can be used for other electrical needs within the data center or be injected into the electrical grid.

The study, published in the journal Scientific Reports, also highlighted the economic and environmental benefits. A positive cash flow is achieved by the third year, with an impressive internal rate of return of 50.69%. Environmentally, the system reduces CO2 emissions by approximately 300 metric tons annually.

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Elon Musk, Tesla and Warner Brothers Discovery are being sued by “Blade Runner 2049” production firm Alcon Entertainment for alleged copyright infringement, which accused them on Monday of “a massive economic theft.”

The big picture: Alcon alleges the defendants used an AI-generated image like the one from “Blade Runner 2049” to promote Tesla’s robotaxi concept at Warner Bros. Discovery’s studio lot in Burbank, California, earlier this month after it denied their request to use “an iconic still” from the 2017 movie at the event.

Zoom in: The production company alleges in the suit, filed on Monday in federal court in Los Angeles, that the event used an image that was reminiscent of a scene involving Ryan Gosling’s character looking into an apocalyptic world in the sequel to the 1982 sci-fi classic “Blade Runner.”

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“The grid needs new electricity sources to support AI technologies that are powering major scientific advances, improving services for businesses and customers, and driving national competitiveness and economic growth,” Google Senior Director for Energy and Climate Michael Terrell, said in a statement.

“This agreement helps accelerate a new technology to meet energy needs cleanly and reliably, and unlock the full potential of AI for everyone,” Terrell added.

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