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Archive for the ‘economics’ category: Page 44

Dec 16, 2022

FTX caught depositing 8 billion dollars of customer money into secret accounts

Posted by in categories: economics, finance

In a move to protect SBFs hedge fund from losing billions software code was altered.

Sam Bankman-Fried owned Alameda Research, a hedge fund heavily invested in FTX. In move to make sure the hedge fund assets were never sold off, when FTX began to have issues, an engineer secretly changed software code in the FTX system. The software would have sold off all Alameda Research assets, just like any other companies that were owned, in the case of FTX filing for bankruptcy.


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Dec 14, 2022

Dr. Tobias Reichmuth, Ph.D. — Maximon — Structuring, Financing & Growing Novel Longevity Ventures

Posted by in categories: business, climatology, economics, finance, life extension, singularity, sustainability

Structuring, Financing & Growing Novel Longevity Ventures — Dr. Tobias Reichmuth Ph.D., Founding Partner, Maximon


Dr. Tobias Reichmuth, Ph.D. is Founding Partner at Maximon (https://www.maximon.com/), The Longevity Company Builder, which empowers entrepreneurs to build impactful, science-based and scalable companies providing healthy aging and rejuvenation solutions.

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Dec 11, 2022

Quantum physics is weird, but here’s how it’s making us money

Posted by in categories: economics, quantum physics

Following a visit to the UK’s National Quantum Technology Showcase, James McKenzie is excited about the prospects of UK firms developing “quantum 2.0” technology.

Dec 10, 2022

Microsoft acquires startup developing high-speed cables for transmitting data

Posted by in categories: biotech/medical, business, computing, economics, finance, government, security

Microsoft today announced that it acquired Lumenisity, a U.K.-based startup developing “hollow core fiber (HCF)” technologies primarily for data centers and ISPs. Microsoft says that the purchase, the terms of which weren’t disclosed, will “expand [its] ability to further optimize its global cloud infrastructure” and “serve Microsoft’s cloud platform and services customers with strict latency and security requirements.”

HCF cables fundamentally combine optical fiber and coaxial cable. They’ve been around since the ’90s, but what Lumenisity brings to the table is a proprietary design with an air-filled center channel surrounded by a ring of glass tubes. The idea is that light can travel faster through air than glass; in a trial with Comcast in April, a single strand of Lumenisity HCF was reportedly able to deliver traffic rates ranging from 10 Gbps to 400 Gbps.

“HCF can provide benefits across a broad range of industries including healthcare, financial services, manufacturing, retail and government,” Girish Bablani, CVP of Microsoft’s Azure Core business, wrote in a blog post. “For the public sector, HCF could provide enhanced security and intrusion detection for federal and local governments across the globe. In healthcare, because HCF can accommodate the size and volume of large data sets, it could help accelerate medical image retrieval, facilitating providers’ ability to ingest, persist and share medical imaging data in the cloud. And with the rise of the digital economy, HCF could help international financial institutions seeking fast, secure transactions across a broad geographic region.”

Dec 10, 2022

This seabed mining UAV has completed its proof of concept operation

Posted by in categories: drones, economics, robotics/AI

“Eureka 1” is an innovative underwater drone that can collect rare minerals from the seafloor without causing too much damage to the ecosystem.

Impossible Metals has announced in a press release that “Eureka 1,” its first autonomous underwater vehicle (AUV), has finished its first field test by carefully choosing pebbles to collect in an aquatic environment. This is a big step for the company, which wants to move toward a green economy by finding better ways to mine essential minerals.

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Dec 9, 2022

3 Lessons From Digital Natives to Boost Companies’ Transformation Journeys

Posted by in categories: biotech/medical, business, economics

Check out the on-demand sessions from the Low-Code/No-Code Summit to learn how to successfully innovate and achieve efficiency by upskilling and scaling citizen developers. Watch now.

Effects from the COVID-19 pandemic and the resulting economic disruption still loom large over businesses around the world.

Digital-native organizations (DNOs) already using cloud infrastructures and mobile apps to conduct business with customers adapted quickly to the new digital normal. However, despite their best efforts, some established enterprises remain stuck in their digital transformations and cloud adoption journeys. Companies that have struggled to adapt face a huge — and perhaps existential — challenge on how to remain relevant in this new digitally-oriented world.

Dec 5, 2022

Stephen Wolfram on the Wolfram Physics TOE, Blackholes, Infinity, and Consciousness

Posted by in categories: alien life, cryptocurrencies, economics, information science, mathematics, particle physics, robotics/AI

Stephen Wolfram is at his jovial peak in this technical interview regarding the Wolfram Physics project (theory of everything).
Sponsors: https://brilliant.org/TOE for 20% off. http://algo.com for supply chain AI.

Link to the Wolfram project: https://www.wolframphysics.org/

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Dec 2, 2022

After first private space mission, space factories in the works in India

Posted by in categories: economics, government, policy, satellites, space

After the successful completion of India’s first space mission, homegrown firms are now looking to set up manufacturing facilities for satellites etc. Homegrown space startups, Pixxel and Dhruva Space, are eyeing new assembly facilities for satellite manufacturing in the country, following successful satellite launch missions on November 26.

Satellite manufacturing is an integral part of India’s plans for the space sector. The government’s liberalized space policy, which is said to be in the final stages of completion, is expected to allow the country’s firms to take a larger share of the global space market. At present, India accounts for only 2% of the global space economy, according to data shared by Jitendra Singh, Minister of State (MoS) for science, technology and earth sciences, in the Lok Sabha in August.

The two companies are also part of a growing crop of homegrown private space startups that are launching the final trial phase of their products and services. On November 18, Hyderabad-based Skyroot Aerospace became India’s first private firm to launch its own rocket. Pixxel and Dhruva’s satellites were successfully deployed in their intended low-earth orbits (LEOs) on November 26. India’s upcoming space policy is expected to invite more participation from such startups, taking some of the load off ISRO and its coffers.

Dec 2, 2022

Some companies like Boeing survived WW2 but Focke-Wulf did not. Here’s why

Posted by in categories: business, economics, military

The Second World War left many economies in tatters, yet, despite the carnage, some companies managed to thrive in the aftermath of the war.

World War II, like many other wars in history, was a time when a lot of new technology was made quickly. The war started with piston aircraft and ended with fighter planes, rockets, and nuclear weapons.

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Dec 2, 2022

President Surangel S. Whipps, Jr. — Republic of Palau — Environment, Economy, Palauan People First

Posted by in categories: business, economics, government, habitats, law, policy

Environment, Blue Economy And Putting The Palauan People First — H.E. President Surangel Whipps Jr, Office of the President, Republic of Palau.


H. E. President Surangel S. Whipps, Jr. is the 10th President of the Republic of Palau (https://www.palaugov.pw/executive-branch/president/).

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