A company in Nairobi wants to install bricks made from plastic trash across Kenya’s capital. Could they become a solution for a country where 90% of roads have never been paved? And are roads made from plastic really a good idea?
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Microsoft has confirmed that its financial services-focused industry cloud will be officially available on November 1 2021.
The news comes eight months after the company revealed it was launching three new industry clouds this year — for manufacturing, not-for-profits, and financial services. Today’s announcement means the financial-focused cloud is the first of the three to receive an official launch date, though Microsoft has previously introduced an industry cloud for health care and its retail-focused incarnation currently sits in public preview.
Stimulating STEM Innovation & Securing U.S. High-Tech Economy — Kimberly A. Reed, Fmr President and Chairman Export-Import Bank of the United States.
Kimberly A. Reed just finished up a 2-year term as President and Chairman of the Board of Directors of the Export-Import Bank of the United States (EXIM — https://www.exim.gov). She was the first woman to lead EXIM in the agency’s 87-year history, was the first recipient of EXIM’s highest honor, the Franklin D. Roosevelt Award, and was confirmed by the U.S. Senate in 2019 on a strong bi-partisan basis.
EXIM provides loans, guarantees, and export credit insurance for the export of U.S. goods and services from enterprises ranging from Fortune 100 companies to small businesses in a multitude of sectors including infrastructure, power, agriculture, transportation/aviation, health care, commodities, industrial, and technology.
Ms. Reed was recognized for successfully navigating Congress to re-open EXIM after four years of dormancy and transforming the mission and impact of the 515-person independent federal agency.
Ms. Reed also spearheaded EXIM’s historic, longest-ever Congressional re-authorization of seven years and a significant new mandate, the Program on China and Transformational Exports, which focuses on industries including biomedical sciences, biotechnology, wireless communication (5G), renewable energy, financial technologies, artificial intelligence, and the space industry.
With global corporate-venture-capital-backed (CVC) funding reaching $79 billion across 2,099 deals in the first half of 2,021 according to CB Insights, the chances are high that startups will find great opportunities with this growing investor set.
Entrepreneurs, however, are likely to discover that the investment process can be different for CVCs compared to private venture capital firms. While both types of investment firms tend to make decisions via an investment committee (IC), private VCs (inclusive of VCs with corporate backers that have an independent LPA structure) make up their ICs with firm partners and/or other venture-minded people.
But for CVCs investing off a corporate balance sheet, the IC can include corporate-minded people, such as the CEO or business unit leaders, who generally tend to be detached from the venture mindset and the requirements for operating in the VC world. As such, entrepreneurs will realize that a successful CVC investment decision tends to have different requirements compared to a private VC firm’s decision.
The volatile nature of space rocket engines means that many early prototypes end up embedded in dirt banks or decorating the tops of any trees that are unfortunate enough to neighbor testing sites. Unintended explosions are in fact so common that rocket scientists have come up with a euphemism for when it happens: rapid unscheduled disassembly, or RUD for short.
Every time a rocket engine blows up, the source of the failure needs to be found so that it can be fixed. A new and improved engine is then designed, manufactured, shipped to the test site and fired, and the cycle begins again — until the only disassembly taking place is of the slow, scheduled kind. Perfecting rocket engines in this way is one of the main sources of developmental delays in what is a rapidly expanding space industry.
Today, 3D printing technology, using heat-resistant metal alloys, is revolutionizing trial-and-error rocket development. Whole structures that would have previously required hundreds of distinct components can now be printed in a matter of days. This means you can expect to see many more rockets blowing into tiny pieces in the coming years, but the parts they’re actually made of are set to become larger and fewer as the private sector space race intensifies.
A ransomware gang called Vice Society claims it grabbed confidential data such as patient benefits, financial documents and lab results.
Another health care provider has apparently been the victim of a ransomware attack that exposed private patient information and other sensitive data. A ransomware group known as Vice Society has claimed responsibility for an August attack against United Health Centers that allegedly impacted all of its locations. The incident reportedly led to the theft of patient data and forced the organization to shut down its entire network, BleepingComputer reported on Friday.
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🚀 Interested in the Falcon rocket models in the background?
From ecosystem development to talent, much effort is still required for practical implementation of edge AI.
By Pushkar Apte and Tom Salmon
Rapid advances in artificial intelligence (AI) have made this technology important for many industries, including finance, energy, healthcare, and microelectronics. AI is driving a multi-trillion-dollar global market while helping to solve some tough societal problems such as tracking the current pandemic and predicting the severity of climate-driven events like hurricanes and wildfires.
What would a world without banks look like? The answer may lie in decentralized finance.
Decentralized finance is an emerging ecosystem of financial applications and protocols built on blockchain technology with programmable capabilities, such as ethereum and solana. The transactions get executed automatically through smart contracts on the blockchain, which includes the agreement of the deal.
“Anyone can actually build businesses on top of these protocols and using them the same way as we can today build an internet business on top of the HTTP IP protocol,” said Stani Kulechov, founder of a DeFi protocol called Aave.
Decentralized finance has captured only 5% of the crypto space, according to CoinGecko, but it has seen massive growth recently. There was $93 billion worth of DeFi assets in the crypto market as of June 2,021 up from $4 billion just three years ago. To be sure, DeFi’s growth has slowed since the summer of 2,020 and regulatory scrutiny from Capitol Hill has spiked over fears of crypto’s checkered past.
1:17-Chapter 1: The ABCs of DeFI 3:16-Chapter 2: The DeFi boom. 5:45-Chapter 3: Why people are excited about DeFi. 7:31-Chapter 4: What’s next?
