Archive for the ‘finance’ category: Page 8

Feb 3, 2023

Jury finds Elon Musk did not defraud Tesla investors with infamous ‘funding secured’ claim

Posted by in categories: Elon Musk, finance, law, sustainability, transportation

A jury found Elon Musk not liable for costing investors when he issued a series of tweets saying he had “secured” funding to take the electric car maker private.

The Friday verdict, issued by a nine-person Northern California jury, represents a legal victory for the 51-year-old billionaire, who has seen the value of his Tesla holdings decline some 44% over the past year.

During the trial, Musk personally took the witness stand to defend the tweets, testifying he believed he had a handshake agreement in 2018 with Saudi Arabia’s Public Investment Fund to convert Tesla, which is a publicly traded company, into a private one. It was the Saudis, he said, who subsequently reneged on the deal.

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Feb 3, 2023

The Coming Consciousness Explosion | Dr. Ben Goertzel | SCS2022

Posted by in categories: finance, health, mathematics, physics, robotics/AI, singularity, transhumanism

Dr. Ben Goertzel.

The Coming Consciousness Explosion.

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Feb 2, 2023

Over 1,800 Android phishing forms for sale on cybercrime market

Posted by in categories: cryptocurrencies, cybercrime/malcode, finance, robotics/AI

A threat actor named InTheBox is promoting on Russian cybercrime forums an inventory of 1,894 web injects (overlays of phishing windows) for stealing credentials and sensitive data from banking, cryptocurrency exchange, and e-commerce apps.

The overlays are compatible with various Android banking malware and mimic apps operated by major organizations used in dozens of countries on almost all continents.

Being available in such numbers and at low prices, allows cybercriminals to focus on other parts of their campaigns, development of the malware, and to widen their attack to other regions.

Feb 1, 2023

Rivian announces plans to layoff 840 workers amid EV price wars

Posted by in category: finance

Yahoo Finance automotive reporter Pras Subramanian explains Rivian’s recent round of layoffs amid pressures to ramp up its EV production targets.
Don’t Miss: Valley of Hype: The culture that built Elizabeth Holmes.

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Feb 1, 2023

AI-powered investment fund beats the market

Posted by in categories: finance, robotics/AI, supercomputing

This is still the beginning of what AI can possibly do.

IBM’s Watson supercomputer is working wonders in an area where OpenAI’s ChatGPT does not have much to offer, the stock market. An exchange-traded fund (ETF) is using the power of artificial intelligence (AI) to balance its portfolio and has done pretty well for itself this year, ETF.


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Feb 1, 2023

Introducing Bloomberg Originals

Posted by in categories: business, climatology, finance, sustainability

Bloomberg Originals offers bold takes for curious minds on today’s biggest topics. Hosted by experts covering stories you haven’t seen and viewpoints you haven’t heard, you’ll discover cinematic, data-led shows that investigate the intersection of business and culture. Exploring every angle of climate change, technology, finance, sports and beyond, Bloomberg Originals, is business as you’ve never seen it.

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Jan 31, 2023

The Generative AI Revolution Is Creating The Next Phase Of Autonomous Enterprise

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

According to the Financial Times, investments in generative AI in 2022 exceeded $2 billion. OpenAI’s valuation for a potential sale of some shares was set at an impressive $29 billion by the Wall Street Journal. Clearly, this indicates the enormity of interest from investors and corporations in generative AI technology. As the world continues to embrace technology and automation, businesses are beginning to explore the infinite possibilities of Generative AI. This type of Artificial Intelligence is on the cusp of creating autonomous, self-sustaining digital-only enterprises that can interact with humans without the active need for human interaction.

Generative AI is quickly becoming more widely adopted as enterprises are beginning to utilize it for a variety of tasks, including marketing, customer service, sales, learning and client relationships. This type of AI can create marketing content, generate pitch documents and product ideas and craft sophisticated advertising campaigns – all custom driven to help improve conversion rates and drive more revenue.

Generative AI companies are beginning to see massive success in venture capital, with many raising large sums of money and achieving high valuations. As per TechCrunch, Jasper, a copywriter assistant, recently raised $125 million at a $1.5 billion valuation, while Hugging Face raised $100 million at a $2 billion valuation, and Stability AI raised $101 million at a $1 billion valuation. In addition, Inflection AI raised $225 million at a post-money valuation of $1 billion according to TechCrunch. These successes can be compared to OpenAI, who in 2019, received more than $1 billion from Microsoft in funding with a $25 billion valuation.

Jan 28, 2023

The Unimportance of Accurate Financial Knowledge

Posted by in category: finance

Simulations of the behavior of individual financial traders show that imperfect market knowledge increases risk but not overall losses.

Jan 27, 2023

After Google Docs, hackers turn to Microsoft OneNote to target users with malware

Posted by in categories: cybercrime/malcode, finance

Cyber attackers around the world are looking at alternate file attachment types to trap users with phishing and malware attacks, according to a report by Bleeping Computer. The alternate attachment types come in the form of online, open-source file attachments, and the latest type that has now been spotted includes Microsoft OneNote files. According to the report, hackers are exploiting OneNote attachments in emails to trick users into downloading malware.

The report stated that hackers switched to OneNote, Microsoft’s online note-taking alternative to Word, after the company disabled ‘macros’ by default in email attachments. The latter, which refer to code snippets that execute a command upon a user opening the email attachment, were long since used by attackers to get users to download malware attachments.

By using macros, hackers would store malware within Microsoft Word or Excel documents. Once a user opened the attachment, the malware would get triggered automatically. These malware, in turn, could be used for a wide range of attacks — including remote code execution, botnets, financial or identity theft, or even spyware.

Jan 26, 2023

How Quantum Computing Will Transform Our World

Posted by in categories: climatology, economics, encryption, finance, government, internet, mathematics, military, quantum physics, space, supercomputing, sustainability

Tech giants from Google to Amazon and Alibaba —not to mention nation-states vying for technological supremacy—are racing to dominate this space. The global quantum-computing industry is projected to grow from $412 million in 2020 to $8.6 billion in 2027, according to an International Data Corp. analysis.

Whereas traditional computers rely on binary “bits”—switches either on or off, denoted as 1s and 0s—to process information, the “qubits” that underpin quantum computing are tiny subatomic particles that can exist in some percentage of both states simultaneously, rather like a coin spinning in midair. This leap from dual to multivariate processing exponentially boosts computing power. Complex problems that currently take the most powerful supercomputer several years could potentially be solved in seconds. Future quantum computers could open hitherto unfathomable frontiers in mathematics and science, helping to solve existential challenges like climate change and food security. A flurry of recent breakthroughs and government investment means we now sit on the cusp of a quantum revolution. “I believe we will do more in the next five years in quantum innovation than we did in the last 30,” says Gambetta.

But any disrupter comes with risks, and quantum has become a national-security migraine. Its problem-solving capacity will soon render all existing cryptography obsolete, jeopardizing communications, financial transactions, and even military defenses. “People describe quantum as a new space race,” says Dan O’Shea, operations manager for Inside Quantum Technology, an industry publication. In October, U.S. President Joe Biden toured IBM’s quantum data center in Poughkeepsie, N.Y., calling quantum “vital to our economy and equally important to our national security.” In this new era of great-power competition, China and the U.S. are particularly hell-bent on conquering the technology lest they lose vital ground. “This technology is going to be the next industrial revolution,” says Tony Uttley, president and COO for Quantinuum, a Colorado-based firm that offers commercial quantum applications. “It’s like the beginning of the internet, or the beginning of classical computing.”

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