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Archive for the ‘finance’ category: Page 10

Jun 17, 2024

Dutch develop no-pain needle-free injections

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

Researchers in the Netherlands are developing ‘virtually painless’ injections without needles in what they hope is a breakthrough that will ease fear and encourage vaccinations.

#News #Reuters #BubbleGun #NeedleFree #Vaccine.

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Jun 12, 2024

America is the undisputed world leader in quantum computing even though China spends 8x more on the technology–but an own goal could soon erode U.S. dominance

Posted by in categories: business, cybercrime/malcode, economics, finance, government, information science, quantum physics, robotics/AI

When it comes to quantum computing, that chilling effect on research and development would enormously jeopardize U.S. national security. Our projects received ample funding from defense and intelligence agencies for good reason. Quantum computing may soon become the https://www.cyberdefensemagazine.com/quantum-security-is-nat...at%20allow, codebreaking%20attacks%20against%20traditional%20encryption" rel="noopener" class="">gold standard technology for codebreaking and defending large computer networks against cyberattacks.

Adopting the proposed march-in framework would also have major implications for our future economic stability. While still a nascent technology today, quantum computing’s ability to rapidly process huge volumes of data is set to revolutionize business in the coming decades. It may be the only way to capture the complexity needed for future AI and machine learning in, say, self-driving vehicles. It may enable companies to hone their supply chains and other logistical operations, such as manufacturing, with unprecedented precision. It may also transform finance by allowing portfolio managers to create new, superior investment algorithms and strategies.

Given the technology’s immense potential, it’s no mystery why China committed what is believed to be more than https://www.mckinsey.com/featured-insights/sustainable-inclu…n-quantum” rel=“noopener” class=””>$15 billion in 2022 to develop its quantum computing capacity–more than double the budget for quantum computing of EU countries and eight times what the U.S. government plans to spend.

Jun 10, 2024

Apple Bursts Onto the AI Stage with Apple Intelligence, ChatGPT, and Multimodal Siri

Posted by in categories: finance, robotics/AI

Apple also announced a ton of other home-grown AI innovations during Monday’s show. This includes AI-generated emojis called Genmoji, a feature that prioritizes important messages, another that summarizes group chats, and Safari will also create AI summaries of webpages.

The financials of Apple’s deal with OpenAI were not disclosed on Monday, and that element remains unclear. While Google has paid Apple billions of dollars for default privileges on Apple products, OpenAI may require an investment to provide computing of this magnitude. Processing AI requests for billions of people is anything but cheap. If Apple pays OpenAI for this, Microsoft may ultimately benefit from this deal.

Jun 10, 2024

Neuralink and the Future of Work — Deep Interview With Yip Thy Diep Ta

Posted by in categories: biotech/medical, finance, robotics/AI, singularity

This interview with Yip Thy Diep Ta, CEO of J3d.ai, delves into AI-driven collective intelligence for decision-making, ethical considerations in AI development (fairness, bias mitigation, diversity), the implications of human-machine integration technologies (e.g., Neuralink), and the evolving role of humans in an AI-driven workforce.

Systain3r Summit: https://www.systain3r.com/

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Jun 7, 2024

AI may soon predict financial crises before they take root

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

AI is shaking up the finance sector. Soon, it may be predicting financial crises before they happen. Alongside that potential, robust governance is key.

Jun 7, 2024

The U.S. added 600,000 new millionaires last year as AI fueled markets

Posted by in categories: biotech/medical, economics, finance, robotics/AI

The big question is whether the wealth boom of the past decade, initially fueled by low interest rates and liquidity, and more recently by Covid-19 pandemic stimulus and artificial intelligence, can continue. Global conflicts, elections, interest rates and a potential economic slowdown could all slow the pace of wealth creation, said Elias Ghanem, global head of the Capgemini Research Institute for Financial Services.

“The last 10 years were exceptional,” Ghanem said. “We now have inflation, a potential recession and geopolitical problems and elections. The environment is completely different.”

Indeed, globally, the wealth picture looks more mixed than in the U.S. The number of millionaires worldwide grew 5.1% last year, to 22.8 million, according to the report. Their combined fortunes grew to a record $86.8 trillion.

Jun 7, 2024

The Biggest Fintech Trends In The Next 10 Years

Posted by in category: finance

Explore the transformative fintech trends projected to reshape the financial landscape by 2035.

Jun 4, 2024

Elon Musk’s xAI says it just raised $6 billion in funding, pulling in big bucks from Sequoia Capital and Saudi Arabia

Posted by in categories: Elon Musk, finance

The mercurial billionaire said in a subsequent X post that xAI’s pre-money valuation was $18 billion. The financial term refers to the value of a company before any equity investment is made.

Pre-money valuation was $18B— Elon Musk (@elonmusk) May 27, 2024

Sunday’s announcement marks the first time xAI has talked about its fundraising efforts. Musk had repeatedly denied earlier reports from Bloomberg and the Financial Times about xAI’s outreach to investors.

Jun 3, 2024

Hackers Targeting 1,500 Banks and Their Customers in Push To Drain Accounts Across 60 Countries: Report

Posted by in categories: cybercrime/malcode, finance, government

Black hat hackers have reportedly unleashed malicious software targeting over 1,500 banks and their customers worldwide.

Security researchers at IBM say a revamped version of the Grandoreiro banking trojan has just rolled out, enabling attackers to perform banking fraud in 60 countries.

The malware allows attackers to send email notices that appear to be urgent government requests for payments.

May 28, 2024

Space Force taking the long view of satellite servicing, with an industry in the balance

Posted by in categories: finance, military, space

And officials can come at those in slightly different ways — meaning that there isn’t necessarily a disconnect between SPACECOM and Space Force, she noted.

But, writ large, Christensen isn’t convinced most new commercial space companies currently being funded by venture capital — whether looking to provide satellite servicing or remote sensing or delivery via rocket — will be able to make it long term without Pentagon and IC dollars.

“I think the US national security community is going to shape commercial space for the foreseeable future,” she said.

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