Lifeboat Foundation

Analysts and e-commerce leaders have been predicting a muted online holiday shopping season this year, with sales in the first three weeks of November essentially flat over a year ago due to a weaker economy, inflation, and more people returning to shopping in stores again in the wake of the Covid-19 pandemic. But on the face of it, the Thanksgiving long weekend appears to be more buoyant than expected — albeit growth has definitely slowed down this year after the pandemic-period boom.

Black Friday broke $9 billion in sales for the first time yesterday, with online sales of $9.12 billion, according to figures from Adobe Analytics. This is a record figure for the day, and up 2.3% on sales figures a year ago, and slightly higher than Adobe had estimated leading up to the day. Adobe doesn’t break out volumes in its report, so it’s hard to know if those figures are due to items simply costing more this year because of inflation, or if the higher numbers are a result of more buying.

Black Friday is a key focus for those gauging how the e-commerce market, and consumer confidence, are both faring in what is the most important and biggest period for shopping in the year.

Amazon will shut down its food delivery business in India by the end of the year, the retailer said Friday, retreating from a $20 billion vertical it entered less than three years ago.

The retailer will shut down the food delivery business, called Amazon Food, on December 29 in India. It launched Food in India in May 2020 in parts of Bengaluru. The company later expanded the service across the city, tying up with additional restaurants, but it never heavily promoted or marketed the platform.

“Customers have been telling us for some time that they would like to order prepared meals on Amazon in addition to shopping for all other essentials. This is particularly relevant in present times as they stay home safe,” the company said at the time of Food launch.

On September 14, 1956, IBM announced the 305 and 650 RAMAC (Random Access Memory Accounting) “data processing machines,” incorporating the first-ever disk storage product. The 305 came with fifty 24-inch disks for a total capacity of 5 megabytes, weighed 1 ton, and could be leased for $3,200 per month.

In 1953, Arthur J. Critchlow, a young member of IBM’s advanced technologies research lab in San Jose, California, was assigned the task of finding a better data storage medium than punch-cards.

The information explosion (a term first used in 1941, according to the Oxford English Dictionary) has turned into the big digital data explosion. And the data explosion enabled deep learning, an advanced data analysis method, to perform today’s AI breakthroughs in image identification and natural language processing.

Continue reading “History Of AI In 33 Breakthroughs: Digital Storage” »

The story of the damage done to the world’s biodiversity is a tale of decline spanning thousands of years. Can the world seize its chance to change the narrative?

The story of the biodiversity crisis starts with a cold-case murder mystery that is tens of thousands of years old. When humans started spreading across the globe they discovered a world full of huge, mythical-sounding mammals called “megafauna”, but by the end of the Pleistocene, one by one, these large animals had disappeared. There is no smoking gun and evidence from ancient crime scenes is — unsurprisingly — patchy. But what investigators have learned suggests a prime suspect: humans.

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Even though it has a diameter of just two inches.

Every year, the EU generates over 2.5 billion tonnes of waste – that’s 5 tonnes per person. The good news is that much of this waste can be recycled and reused. The bad news, however, is that doing so requires proper collection processes, which is often easier said than done.

“The challenge with waste collection is that it is a widely dispersed process,” says Tjerk Wardenaar, a consultant at EGEN, part of the PNO Group, the project’s lead partner. “Individual consumers discard small amounts of waste, local and regional authorities implement collection systems, waste management companies do the actual collecting, recycling companies recover materials, and so on.”

With the support of the EU-funded COLLECTORS project, Wardenaar aims to increase our understanding of how these various steps relate to one another. “Waste collection depends on a combination of social and technical factors,” he explains. “Our goal is to identify best practices that decision makers can use to implement an integrated waste collection system that supports Europe’s transition to a waste-free, circular economy.”

Immune players called B cells are partly to blame for the decline in vaccine efficacy for people over 65.

If wormholes in space exist, they look a lot like black holes from a particular angle, physicists claim, raising the possibility we’ve seen examples of this long-sought phenomenon without knowing it.

Is pancreatic cancer hereditary? Are there any genetic mutations associated with it? Our pancreatic cancer expert Florencia McAllister, M.D., weighs in on these questions and seven more.