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Artificial intelligence start-ups are making revenues more quickly than previous waves of software companies, according to new data that suggests that the transformative technology is also generating strong businesses at an unprecedented rate.

According to an analysis of payments information from fintech group Stripe, top AI groups are reaching millions of dollars in sales within a year — far faster in a start-up’s life cycle than comparable non-AI tech groups.

The findings come as investors raise questions about the economic benefits of generative AI and likely returns on Big Tech’s projected trillion-dollar investment in computing infrastructure to support the technology over the coming year.

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I’m actually getting Starlink because it’s competitively priced, and I can walk to my local Grocery Store up the street, and order it.

President Ruto had on Monday during a business roundtable meeting revealed that Starlink’s entry into the Kenyan market faced a lot of resistance from local players who felt the foreign firm’s entry would eat into their market share.

Ruto admitted during the roundtable that Kenya would be seeking more competitors in a bid to revolutionize the digital space in Kenya.

Continue reading “Elon Musk Breaks Silence on Starlink Impact in Kenya” »

Four years after being functionally cured of sickle cell disease with a CRISPR gene-editing therapy, Jimi Olaghere has set a new world record for patients with this chronic and deadly disease.

Olaghere, a 39-year-old business owner from Atlanta, became the world’s first patient with sickle cell disease to reach the summit of Kilimanjaro at 7:30 am Tanzania time on Sept. 16. It’s the highest peak in Africa at 19,341 feet above sea level.

Large language models (LLMs) such as ChatGPT and Google Gemini excel at being trained on large data-sets to generate informative responses to prompts. Yi Cao, an assistant professor of accounting at the Donald G. Costello College of Business at George Mason University, and Long Chen, associate professor and area chair of accounting at Costello, are actively exploring how individual investors can use LLMs to glean market insights from the dizzying array of available data about companies.

Their new working paper, appearing in SSRN Electronic Journal and co-authored with Jennifer Wu Tucker of the University of Florida and Chi Wan of University of Massachusetts Boston, examines AI’s ability to identify “peer firms,” or product market competitors in an industry.

Cao explains the significance of selecting peers by relating this process to the real-estate market. “The capital market is similar to the real-estate market in that a firm’s value is partially determined by the value of its peers. In the real-estate market, we price a home based on the value of comparable properties in the neighborhood, or the so-called ‘comps.’ In our paper, we aim to leverage the power of LLMs to identify comps for evaluating firm value.”

Jensen Huang, Nvidia’s visionary CEO, challenges a long-held belief about the future of programming. While everyone has been saying it’s crucial to learn coding, Huang turns that idea on its head. With the rise of AI, we are ALL programmers now – without ever writing a line of code.

The real miracle is here: artificial intelligence. It has closed the gap between humans and technology, making complex computing accessible to all. Whether you’re a professional or someone just dipping their toes into the world of tech, AI is now in your hands. Are you going to let this chance slip by? The time to act is now! 🌍🤖

The technology divide is no more. Every government, industry, and business is investing in AI. Will you get on board, or be left in the dust?

It also follows the discovery of a stealthy threat actor that presents itself as a legitimate enterprise and has been advertising automated CAPTCHA-solving services at scale to other cybercriminals and helping them infiltrate IT networks.

Dubbed Greasy Opal by Arkose Labs, the Czech Republic-based “cyber attack enablement business” is believed to have been operational since 2009, offering to customers a toolkit of sorts for credential stuffing, mass fake account creation, browser automation, and social media spam at a price point of $190 and an additional $10 for a monthly subscription.

The product portfolio runs the cybercrime gamut, allowing them to develop a sophisticated business model by packaging several services together. The entity’s revenues for 2023 alone are said to be no less than $1.7 million.

Zoom is the leader in modern enterprise video communications, with an easy, reliable cloud platform for video and audio conferencing, chat, and webinars across mobile, desktop, and room systems. Zoom Rooms is the original software-based conference room solution used around the world in board, conference, huddle, and training rooms, as well as executive offices and classrooms. Founded in 2011, Zoom helps businesses and organizations bring their teams together in a frictionless environment to get more done. Zoom is a publicly traded company headquartered in San Jose, CA.

NASA’s goal of building a space plane might at last come true. Should one company succeed in its mission, spaceplanes might actually become a reality. Unlike multi-stage rockets, Radian’s model has the potential to be a less expensive means of space travel.

A company is bringing back to life a NASA concept from decades ago to construct a reusable space plane that could affordably transport humans and small payloads into space. NASA investigated building a space plane prototype known as the X-33 in the 1990s, but the project was shelved in 2001 due to technical problems. With Radian One, a space plane that can carry up to five astronauts at a time and is fully reusable up to 100 times, Seattle-based Radian Aerospace is currently attempting to complete what NASA started.

The company’s chief technology officer, Livingston Holder, oversaw NASA’s X-33 program and is in charge of the new endeavor. Holder told CNN that since 2001, enough has changed to make building a space plane a more feasible objective. They’ve got composite materials that are lighter, tougher, and can take a larger thermal range than they had back then. And propulsion is better than anything they had, in terms of how efficiently it burns propellant and how much the systems weigh. The business informed CNN that it intends to test a scale model this year and that it has raised nearly $28 million to build Radian One in 2022.