Lifeboat Foundation

Engineering and entrepreneurship — a match made in heaven!

Entrepreneurship is often glamorized, but in reality, it takes a lot of time and effort to make it. After all, there’s a reason why most startups fail. Additionally, managing a business requires specific skills, such as attention to detail and the ability to lead others. Having an analytical mindset is just as important.

Given these aspects, it’s not surprising that engineers make great entrepreneurs. Jeff Bezos, Bill Gates, Steve Wozniak, and Henry Ford all started their careers as engineers. However, not all engineers work in tech.

Continue reading “5 Engineer Entrepreneurs Who Have Made it Big in Non-Engineering Sectors” »

This GB Live News is in partnership with VB Lab funded by Xsolla.

Video games have always been resilient, even in an increasingly volatile geopolitical climate. Long-time game players are fiercely loyal, and enthusiastic new gamers keep pouring into the market, says Chris Hewish, president of Xsolla. In the first half of 2022 alone, more than 651 deals were announced or closed, for a value of $107 billion. But in a fiercely competitive market, clouded by less economic certainy, studios and indie developers are exploring an increasing number of ways to reach the audiences.

“Game companies do need to look at how their business models can function in a macroeconomic climate, heading into a recession,” he added. “Capital is going to become tighter. If you have a business model based upon growth over profitability, it’s going to be harder to find fuel for that growth. Readjusting to focus on profitability is probably one of the biggest things game companies can do right now, if they haven’t already, to weather the storm in a macro sense. But the opportunity with players and the number of people playing and spending, that’s still looking good.”

The event will take place in a man-made city with a year-round winter sports complex. Can you make snow in the desert? It seems you can, as Saudi Arabia will be hosting the 2029 Asian Winter Games, according to a report published by the South China Morning Post on Tuesday.

Saudi Arabia plans to build the world’s largest buildings as part of its $500 billion development plan called NEOM, as the country looks to steer away from its heavy dependence on oil, Bloomberg reported.

At 10.8 million barrels a day, Saudi Arabia contributes 11 percent of the global oil production and is the largest exporter of crude oil. As the world looks towards a future that is powered by cleaner sources of energy, Saudi Arabia wants to diversify its income sources and has been looking at building destinations where it can attract industries and businesses in the future.

Continue reading “Saudi Arabia wants to build skyscrapers that will run for dozens of miles” »

Threat analysts have spotted a new Ducktail campaign using a new infostealer variant and novel TTPs (tactics, techniques, and procedures), while the Facebook users it targets are no longer limited to holders of business accounts.

Your Face is the Future of Targeted Marketing. Here’s Why Businesses Should Use Facial Recognition.

Facial recognition technology compliant with global data privacy laws can open new doors for targeted marketing campaigns.

In this episode we take a look at the many problems facing China’s economy. How did the country end up in this position and what does it mean for the rest of the world?

— About ColdFusion –
ColdFusion is an Australian based online media company independently run by Dagogo Altraide since 2009. Topics cover anything in science, technology, history and business in a calm and relaxed environment.

Continue reading “China’s Economy is in Bad Shape” »

Mark Zuckerberg laid out Tuesday how Meta is diving deeper and deeper into the black mines of the metaverse, attempting to extract digital gold.

Zuckerberg revealed a $1,500 headset Oculus Pro, as much as a PS5, Xbox Series X and Quest 2 combined, and some updates to the looks of avatars and the integration of Microsoft business products.

When your most significant announcement is the fact that after years and years of investment, you’re on the verge of debuting virtual characters with legs, something has gone wrong.

How many bottles does he have to sell to buy out Twitter? You do the math.

The world’s richest person Elon Musk launched a new perfume, and about 24 hours later, he had orders worth two million dollars. With no prior exposure in the business, the perfume has sold on Musk’s reputation alone, and rightly so; the Tesla CEO now changed his Twitter description to Perfume Salesman.

Last Sunday, Musk unveiled the Burnt Hair perfume to his Twitter followers and how it would be a product from his tunneling venture, The Boring Company.

Continue reading “Elon Musk’s new perfume sales now exceed $2 million” »

Genflow has announced that its adeno-associated virus (AAV) research and development programme in Estonia has received a non-dilutive grant award of €250,000 from the Applied Research Programme of Enterprise Estonia, an Estonian governmental institution designed to stimulate business growth in the country.

Longevity. Technology: Genflow’s research programme is focused on the development of an antiaging gene therapy platform designed to target nearly 100 million patients worldwide who suffer from Werner’s syndrome, non-alcoholic fatty liver disease (NAFLD) and non-alcoholic steatohepatitis, an advanced form of NAFLD, as well as other major clinical disorders.

This R&D is a collaborative project between Genflow and IVEX lab OÜ, an Estonian company specialising in the research and development of biotech therapeutics.