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Archive for the ‘finance’ category: Page 82

Jan 18, 2021

He may hold the winning ticket in tech and Silicon Valley knows it

Posted by in categories: business, education, finance, food, health

We are creating compelling homegrown solutions in education, health care, agriculture, infrastructure, financial services and new commerce,” Ambani said in his speech. “Each of these solutions, once proven in India, will be offered to the rest of the world to address global challenges.


Mukesh Ambani has spent years trying to turn his inherited oil business into a tech empire. In 2020, that pivot really kicked into overdrive.

Jan 13, 2021

Engineers observe avalanches in nanoparticles for the first time

Posted by in categories: biotech/medical, chemistry, engineering, finance, nanotechnology, quantum physics

Researchers at Columbia Engineering report today that they have developed the first nanomaterial that demonstrates “photon avalanching,” a process that is unrivaled in its combination of extreme nonlinear optical behavior and efficiency. The realization of photon avalanching in nanoparticle form opens up a host of sought-after applications, from real-time super-resolution optical microscopy, precise temperature and environmental sensing, and infrared light detection, to optical analog-to-digital conversion and quantum sensing.

“Nobody has seen avalanching behavior like this in nanomaterials before,” said James Schuck, associate professor of mechanical engineering, who led the study published today by Nature. “We studied these new nanoparticles at the single-nanoparticle level, allowing us to prove that avalanching behavior can occur in nanomaterials. This exquisite sensitivity could be incredibly transformative. For instance, imagine if we could sense changes in our chemical surroundings, like variations in or the actual presence of molecular species. We might even be able to detect coronavirus and other diseases.”

Avalanching processes—where a cascade of events is triggered by series of small perturbations—are found in a wide range of phenomena beyond snow slides, including the popping of champagne bubbles, nuclear explosions, lasing, neuronal networking, and even financial crises. Avalanching is an extreme example of a nonlinear process, in which a change in input or excitation leads to a disproportionate—often disproportionately large—change in output signal. Large volumes of material are usually required for the efficient generation of nonlinear optical signals, and this had also been the case for avalanching, until now.

Jan 11, 2021

DARPA Selects Teams to Capture Potable Water from Air

Posted by in categories: climatology, engineering, finance, government, military

Atmospheric Water Extraction (AWE) performers aim to meet clean water needs of deployed troops, even in austere environments.

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Jan 7, 2021

Elon Musk is now the richest person in the world, passing Jeff Bezos

Posted by in categories: Elon Musk, finance

Elon Musk just became the richest person in the world, with a net worth of more than $185 billion.

Thursday’s increase in Tesla’s share price pushed Musk past Jeff Bezos, who had been the richest person since 2017 and is currently worth about $184 billion. Musk’s wealth surge over the past year marks the fastest rise to the top of the rich list in history — and is a dramatic financial turnaround for the famed entrepreneur who just 18 months ago was in the headlines for Tesla’s rapid cash burn and his personal leverage against the company’s stock.

Musk started 2020 worth about $27 billion, and was barely in the top 50 richest people.

Jan 6, 2021

The world’s first integrated quantum communication network

Posted by in categories: encryption, energy, finance, quantum physics, satellites

Chinese scientists have established the world’s first integrated quantum communication network, combining over 700 optical fibers on the ground with two ground-to-satellite links to achieve quantum key distribution over a total distance of 4600 kilometers for users across the country. The team, led by Jianwei Pan, Yuao Chen, Chengzhi Peng from the University of Science and Technology of China in Hefei, reported in Nature their latest advances towards the global, practical application of such a network for future communications.

Unlike conventional encryption, quantum communication is considered unhackable and therefore the future of secure information transfer for banks, power grids and other sectors. The core of quantum communication is quantum key distribution (QKD), which uses the quantum states of particles—e.g. photons—to form a string of zeros and ones, while any eavesdropping between the sender and the receiver will change this string or key and be noticed immediately. So far, the most common QKD technology uses optical fibers for transmissions over several hundred kilometers, with high stability but considerable channel loss. Another major QKD technology uses the free space between satellites and ground stations for thousand-kilometer-level transmissions. In 2016, China launched the world’s first quantum communication satellite (QUESS, or Mozi/Micius) and achieved QKD with two ground stations which are 2600 km apart.

Jan 5, 2021

Venezuela’s Maduro Plans Shift to Fully Digitalized Economy

Posted by in categories: economics, finance, government

Venezuela’s government is planning to move to a fully digital economy as hyperinflation has made worthless bolivar notes practically disappear, and dollarization expands through the local financial system.

The U.S. dollar has operated as an escape valve for Venezuela amid U.S. sanctions and collapsing oil revenues, President Nicolas Maduro said in a televised interview with Telesur on Friday. He said 18.6% of all commercial transactions are in dollars, while 77.3% are carried out in bolivars with debit cards. Only 3.4% are paid with bolivar notes.

“They have a war against our physical currency. We are moving this year to a more profound digital economy, in expansion. I’ve set the goal of an economy that’s 100% digital,” Maduro said, adding that physical money will eventually disappear.

Dec 29, 2020

New AI tool can predict in seconds what a movie will be rated

Posted by in categories: entertainment, finance, robotics/AI

Movie ratings can determine a movie’s appeal to consumers and the size of its potential audience. Thus, they have an impact on a film’s bottom line. Typically, humans do the tedious task of manually rating a movie based on viewing the movie and making decisions on the presence of violence, drug abuse and sexual content.

Now, researchers at the USC Viterbi School of Engineering, armed with artificial intelligence tools, can rate a movie’s content in a matter of seconds, based on the movie script and before a single scene is shot. Such an approach could allow movie executives the ability to design a movie rating in advance and as desired, by making the appropriate edits on a script and before the shooting of a single scene. Beyond the potential financial impact, such instantaneous feedback would allow storytellers and decision-makers to reflect on the content they are creating for the public and the impact such content might have on viewers.

Using artificial intelligence applied to scripts, Shrikanth Narayanan, University Professor and Niki & C. L. Max Nikias Chair in Engineering, and a team of researchers from the Signal Analysis and Interpretation Lab (SAIL) at USC Viterbi, have demonstrated that linguistic cues can effectively signal behaviors on violent acts, and (actions that are often the basis for a film’s ratings) about to be taken by a film’s characters.

Dec 28, 2020

How China’s P2P purge has left millions of investors in debt and desperate

Posted by in category: finance

The shroud over P2P firms has fallen, with China’s banking regulator announcing last month that it had shut down all such platforms. However, the financial time bomb is far from being defused for millions of families who invested billions of yuan, and a very real concern exists that mishandling the situation could lead to social unrest.


The shroud over peer-to-peer lending firms has fallen, and China’s banking regulator says all such platforms across the country have ceased operations – but countless billions are already feared lost.

Dec 28, 2020

An auto executive explains why the company’s $7,000 tiny electric vehicle that 14-year-olds can drive is the future of urban transit

Posted by in categories: finance, sustainability, transportation

A french automaker; Citroen is banking that tiny electronic vehicles are the way of the future!


The mini mobility unit starts at around $7059 including VAT, but can be rented with a subscription model or with minute-by-minute payments.

Dec 24, 2020

Emotet Returns to Hit 100K Mailboxes Per Day

Posted by in categories: cybercrime/malcode, finance

Just in time for the Christmas holiday, Emotet is sending the gift of Trickbot.

After a lull of nearly two months, the Emotet botnet has returned with updated payloads and a campaign that is hitting 100, 000 targets per day.

Emotet started life as a banking trojan in 2014 and has continually evolved to become a full-service threat-delivery mechanism. It can install a collection of malware on victim machines, including information stealers, email harvesters, self-propagation mechanisms and ransomware. It was last seen in volume in October, targeting volunteers for the Democratic National Committee (DNC); and before that, it became active in July after a five-month hiatus, dropping the Trickbot trojan. Before that, in February, it was seen in a campaign that sent SMS messages purporting to be from victims’ banks.

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