Lifeboat Foundation

This apparent paradox has a simple yet surprising explanation, according to Meredith Whitney: Employers are finally exacting revenge on remote workers who’ve secretly had a second job.

The veteran researcher, who became known as the “Oracle of Wall Street” for her early warnings about banks before the financial crisis, is no stranger to thinking outside the box about everything from the housing market to the economy, and this theory is no exception.

But there’s evidence to support Whitney’s thesis that many of the job cuts made have been to remote positions that were filled by people working at multiple companies under the radar.

Bloomberg connects decision makers to a dynamic network of data, delivering business and financial information, news and insights globally.

A universal basic income pilot program that would sprinkle $100 million across the state in the form of no less than $500 monthly cash payments to certain low-income Minnesotans — including illegal immigrants — advanced in a state House committee on Tuesday.

Rep. Athena Hollins, DFL-St. Paul, introduced HF2666 last year. The bill didn’t receive a hearing amidst a historic legislative session where Democrats spent down a $17.5 billion surplus and increased the state budget by more than 38 percent. But with news earlier this month that the state has a projected $3.7 billion surplus, Hollins’ bill received a hearing in the House Children and Families Committee.

Continue reading “$100M universal basic income bill advances in state House committee” »

Neural networks have been powering breakthroughs in artificial intelligence, including the large language models that are now being used in a wide range of applications, from finance, to human resources to health care. But these networks remain a black box whose inner workings engineers and scientists struggle to understand.

The work, facilitated by the Chicago Quantum Exchange (CQE) and led by a team that includes UD, Argonne, JPMorgan Chase and University of Chicago scientists, lays groundwork for future applications—and highlights the need for cross-sector collaboration.

The third category, stochastic modeling, is used across the sciences to predict the spread of disease, the evolution of a chemical reaction, or weather patterns. The mathematical technique models complex processes by making random changes to a variable and observing how the process responds to the changes.

The method is used in finance, for instance, to describe the evolution of stock prices and interest rates. With the power of quantum computing behind it, stochastic modeling can provide faster and more accurate predictions about the market.

Continue reading “Researchers explore quantum computing’s ability to speed solutions for financial sector” »

More than a dozen state attorneys general (AGs) are accusing banking titan Wells Fargo of abruptly terminating customers’ accounts without warning.

In a letter addressed to Wells Fargo CEO Charles Scharf, 16 Republican AGs across the country accuse the trillion-dollar lender of debanking customers in a political and discriminatory manner.

The AGs say Wells Fargo has started a new trend that looks at clients’ political views as a basis for retaining banking access.

Here’s my latest Opinion piece for Newsweek. It discusses the panel I chaired at the House of Lords, UK Parliament supporting enhanced athletes & the Enhanced Games!

Antagonists of the Enhanced Games say it will be dangerous. Some insist athletes will overdose and possibly die while competing. D’Souza said these fears are overblown. The Enhanced Games will also have some regulations, including pre-competition tests that show an athlete is healthy to compete, regardless of what they’re on.

Many athletes don’t seem to mind the risks. That’s partially because they’re being offered large financial sums to compete. Magnussen was offered $1.5 million dollars to try to break the 50-meter freestyle world record, and he appeared quite happy with that sizable amount of money. Furthermore, many athletes have already been taking enhancements, so now they’d just be out in the open about it.

Continue reading “Let’s Support Enhanced Athletes” »

The film industry, always at the forefront of technological innovation, is increasingly embracing artificial intelligence (AI) to revolutionize movie production, distribution, and marketing. From script analysis to post-production, Already AI is reshaping how movies are made and consumed. Let’s explore the current applications of AI in movie studios and speculates on future uses, highlighting real examples and the transformative impact of these technologies.

AI’s infiltration into the movie industry begins at the scriptwriting stage. Tools like ScriptBook use natural language processing to analyze scripts, predict box office success, and offer insights into plot and character development. For instance, 20th Century Fox employed AI to analyze the script of Logan, which helped in making informed decisions about the movie’s plot and themes. Consider, in pre-production, AI has also aided in casting and location scouting. Warner Bros. partnered with Cinelytic to use AI for casting decisions, evaluating an actor’s market value to predict a film’s financial success. For example, let’s look at location scouting. AI algorithms can sift through thousands of hours of footage to identify suitable filming locations, streamlining what was once a time-consuming process.

Continue reading “The AI Takeover In Cinema: How Movie Studios Use Artificial Intelligence” »

We’re still years away from seeing physical quantum computers break into the market with any scale and reliability, but don’t give up on deep tech just yet. The market for high-level quantum computer science — which applies quantum principles to manage complex computations in areas like finance and artificial intelligence — appears to be quickening its pace.

In the latest development, a startup out of San Sebastian, Spain, called Multiverse Computing has raised €25 million (or $27 million) in an equity funding round led by Columbus Venture Partners. The funding values the startup at €100 million ($108 million), and it will be used in two main areas. The startup plans to continue building out its existing business working with startups in verticals like manufacturing and finance, and it wants to forge new efforts to work more closely with AI companies building and operating large language models.

In both cases, the pitch is the same, said CEO Enrique Lizaso Olmos: “optimization.”