Lifeboat Foundation: Safeguarding Humanity
Toggle light / dark theme

Blog – Page 2,597

Bluesheets, an AI-powered financial data startup based in Singapore, announced Tuesday it raised $6.5 million in a Series A funding round led by fintech-focused VC Illuminate Financial, bringing the four-year-old startup’s total funding to $12.5 million.

Participating in the round were returning investors Insignia Ventures Partners, Antler Elevate–the emerging growth fund of VC firm Antler–and 1982 Ventures. The Series A values the startup at $30 million.

“A lot of organizations are trying to implement [AI] applications, but are struggling quite a lot,” says Luca Zorzino, general partner and head of Asia at Illuminate Financial, in a video interview. “What we liked about Bluesheets is that not only have they implemented AI themselves, but they can actually form the foundational layer for more AI adoption in financial services.”

Founded in 2020, Bluesheets develops AI-powered data entry and management tools that aim to help companies process their financial data for accounting, reporting and other operations. The startup claims it can update records in real-time while integrating with other enterprise software tools from Google, Microsoft, Quickbooks, Stripe and SAP.

Read more | >

Sam Altman made news again, with reporting from the Financial Times that the OpenAI CEO is engaged in discussions with key Middle Eastern investors and the Taiwanese chip giant TSMC to launch a new chip venture to design and build semiconductors for accelerating AI workloads.

At the heart of this venture is the ambitious plan to develop and fabricate chips integral for training and building AI models, reflecting the growing importance of custom hardware in the rapidly expanding field of AI.

Sam Altman is discussing establishing a new venture to develop specialized chips for AI applications with prominent Middle Eastern investors and Taiwan Semiconductor Manufacturing Co, TSMC.

Read more | >

The researchers have given the breach the title — MOAB, meaning ‘Mother of All Breaches.’

The security of your personal data hangs in the balance as cybersecurity experts uncover what could be the mother of all breaches, posing a threat of unprecedented proportions.

Researchers have warned that a database containing 26 billion leaked data records has been discovered. The supermassive data leak is likely the biggest found to date.

Read more | >

Your personal information may have been leaked in the ‘Mother of all Breaches’ (MOAB), cybersecurity researchers have warned.

Over 26 billion personal records have been exposed, in what researchers believe to be the biggest-ever data leak.

Sensitive information from several sites including Twitter, Dropbox, and Linkedin was discovered on an unsecured page.

Read more | >

Insights from NASA ’s IXPE mission have transformed our understanding of particle acceleration in black holes, using the microquasar SS 433 as a case study to reveal aligned magnetic fields within its jets.

The powerful gravity fields of black holes can devour whole planets’ worth of matter – often so violently that they expel streams of particles traveling near the speed of light in formations known as jets. Scientists understand that these high-speed jets can accelerate these particles, called cosmic rays, but little is definitively known about that process.

Recent findings by researchers using data from NASA’s IXPE (Imaging X-ray Polarimetry Explorer) spacecraft give scientists new clues as to how particle acceleration happens in this extreme environment. The observations came from a “microquasar,” a system comprised of a black hole siphoning off material from a companion star.

Read more | >

The ‘ten electron’ rule provides guidance for the design of single-atom alloy catalysts for targeted chemical reactions.

A collaborative team across four universities have discovered a very simple rule to design single-atom alloy catalysts for chemical reactions. The ‘ten electron rule’ helps scientists identify promising catalysts for their experiments very rapidly. Instead of extensive trial and error experiments of computationally demanding computer simulations, catalysts’ composition can be proposed simply by looking at the periodic table.

Single-atom alloys are a class of catalysts made of two metals: a few atoms of reactive metal, called the dopant, are diluted in an inert metal (copper, silver, or gold). This recent technology is extremely efficient at speeding up chemical reactions but traditional models don’t explain how they work.

Read more | >