Archive for the ‘finance’ category: Page 2

Aug 23, 2021

IBM Launches Telum, Its New AI Chip

Posted by in categories: finance, robotics/AI

IBM has announced its new chip, Telum – a new CPU chip that will allow IBM clients to leverage deep learning inference at scale. The new chip features a centralised design, which allows clients to leverage the full power of the AI processor for AI-specific workloads, making it ideal for financial services workloads like fraud detection, loan processing, clearing and settlement of trades, anti-money laundering, and risk analysis.

A Telum-based system is planned for the first half of 2022. “Our goal is to continue improving AI hardware compute efficiency by 2.5 times every year for a decade, achieving 1,000 times better performance by 2029,” said IBM in a press release.

The chip contains eight processor cores, running with more than 5GHz clock frequency, optimised for the demands of enterprise-class workloads. The completely redesigned cache and chip-interconnection infrastructure provide 32MB cache per core. The chip also contains 22 billion transistors and 19 miles of wire on 17 metal layers.

Aug 22, 2021

Cloudflare mitigated one of the largest DDoS attack involving 17.2 million rps

Posted by in categories: cybercrime/malcode, finance

Web infrastructure and website security company Cloudflare on Thursday disclosed that it mitigated the largest ever volumetric distributed denial of service (DDoS) attack recorded to date.

The attack, launched via a Mirai botnet, is said to have targeted an unnamed customer in the financial industry last month. “Within seconds, the botnet bombarded the Cloudflare edge with over 330 million attack requests,” the company noted, at one point reaching a record high of 17.2 million requests-per-second (rps), making it three times bigger than previously reported HTTP DDoS attacks.

Aug 11, 2021

Microsoft’s AI is learning to write code

Posted by in categories: business, economics, finance, robotics/AI

Quartz is a guide to the new global economy for people in business who are excited by change. We cover business, economics, markets, finance, technology, science, design, and fashion.

Aug 11, 2021

Hackers Steal Over $600 Million Worth of Cryptocurrencies from Poly Network

Posted by in categories: bitcoin, cryptocurrencies, finance

Hackers have siphoned $611 million worth of cryptocurrencies from a blockchain-based financial network in what’s believed to be one of the largest heists targeting the digital asset industry, putting it ahead of breaches targeting exchanges Coincheck and Mt. Gox in recent years.

Poly Network, a China-based cross-chain decentralized finance (DeFi) platform for swapping tokens across multiple blockchains such as Bitcoin and Ethereum, on Tuesday disclosed unidentified actors had exploited a vulnerability in its system to plunder thousands of digital tokens such as Ether.

“The hacker exploited a vulnerability between contract calls,” Poly Network said.

Aug 10, 2021

With a single photo, SpaceX sent a not-so-subtle message to FAA regulators

Posted by in categories: engineering, finance, government, space travel

And ArsTechnica seems to be totally missing the point as “delaying” Starship for SOUND AND PRACTICAL SAFETY AND ENVIRONMENTAL QUESTIONS is not ‘delaying’ progress and one needs to simply ask why SpaceX “engineers” can’t up their game enough to actually answer or address those legitimate questions? The answer is rather simple, they probably CAN but the person “in charge” has no with to, incentive to, or will to do so because he sees anyone that questions him as ‘unreasonable opposition’ rather than legitimate concern. Starship could crash and burn on the orbital flight and it would not make a difference at all to the ‘world’ in general. We can and have recovered from worse numerous times while advancing technology and transportation. The FACT that Musk, (and his many rapid fans) somehow “assume” that he and only he can ‘advance’ space access are very much proof that this is not about engineering, ability or purpose but strictly about ego.

To the FAA, Musk seemed to be saying, federal regulators must do their part to ensure the future arrives on schedule. Just as the 20th-century skyscrapers marked the beginning of a new era and eventually launched America into a prosperous future of finance, communication, marketing, and more, the 21st century now beckons.

The skyscraper age will soon give way to the space age.

Continue reading “With a single photo, SpaceX sent a not-so-subtle message to FAA regulators” »

Aug 6, 2021

Dr. James Allen — Global Health Systems Thought Leader — Health Systems Thinkers, LLC

Posted by in categories: biotech/medical, education, finance, health

International Health Management, Across 17 Countries, 60 Clinics, and 350 Staff — Dr. James Allen, Health Systems Thinkers, LLC.

Dr. James Allen is a primary care internal medicine specialist who developed a fascinating career in international health management and leadership.

Continue reading “Dr. James Allen — Global Health Systems Thought Leader — Health Systems Thinkers, LLC” »

Aug 4, 2021

Stephanie Smith — Director, Humanitarian & Development, Mastercard

Posted by in categories: business, education, finance, government, health, sustainability

Private sector solutions to major social problems — stephanie smith — director, humanitarian & development, mastercard.

Stephanie Smith is a Director, in the Humanitarian & Development group, at Mastercard (, the American multinational financial services corporation.

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Aug 2, 2021

Bluetooth-enabled tracking startup Wiliot raises $200M

Posted by in categories: electronics, finance

Wiliot, a company developing Bluetooth-enabled sensors for tracking and analytics, has raised $200 million in venture capital.

Jul 29, 2021

Melinda French Gates and McKenzie Scott team up to give $40 million to support women

Posted by in categories: business, finance

French Gates and Scott, who were formerly married to Seattle-based tech founders Bill Gates and Jeff Bezos, respectively, have become powerful philanthropists in their own rights. Both women, who are among the richest people in the world, have signed The Giving Pledge, promising to give away the majority of their wealth in their lifetimes.

In a powerful philanthropic pairing, Melinda French Gates and McKenzie Scott have teamed up to direct $40 million to advancing the power and influence of American women over the next decade.

The donation is being awarded to winners of the Equality Can’t Wait Challenge, a competition hosted by French Gates’ investment firm Pivotal Ventures, with financial support from Scott and her husband, Dan Jewett, as well as from the Charles and Lynn Schusterman Family Philanthropies. The challenge billed itself as “the first competition centered on gender and equality in the U.S. with an award of this magnitude and … an opportunity to invest in and empower women leaders.”

Continue reading “Melinda French Gates and McKenzie Scott team up to give $40 million to support women” »

Jul 29, 2021

Unemployment Crisis — 40% Of Americans Are About To QUIT Their Jobs

Posted by in categories: business, finance

Big shift in the making.

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