Archive for the ‘finance’ category: Page 5

Jun 20, 2021

Big Tech Is Going Public in India

Posted by in categories: finance, internet

That could reshape the Indian market, which has very few internet companies. While big tech firms are among the largest listed companies in China and the U.S., energy, financials and IT outsourcers currently dominate the Indian market. Reliance Industries —India’s biggest listed company, controlled by the country’s richest man—is pivoting away from oil and gas and last year secured investments from Facebook and Google for its tech unit, Jio Platforms.

Companies such as Zomato, Flipkart and fintech giant Paytm are considering initial public offerings in what could be a transformative moment for India’s stock market.

Jun 18, 2021

Goldman Sachs ramps up bitcoin trading in new partnership with Mike Novogratzs Galaxy Digital

Posted by in categories: bitcoin, cryptocurrencies, finance, space

Goldman Sachs ramps up bitcoin trading in new partnership with Mike Novogratz’s Galaxy Digital.

The bank has begun trading bitcoin futures with Galaxy Digital, the crypto merchant bank founded by Mike Novogratz, CNBC has learned.

The trades represent the first time that Goldman has used a digital assets firm as a counterparty since the investment bank set up its cryptocurrency desk last month, according to Galaxy co-president Damien Vanderwilt.

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Jun 17, 2021

Molerats Hackers Return With New Attacks Targeting Middle Eastern Governments

Posted by in categories: finance, government, military

A Middle Eastern advanced persistent threat (APT) group has resurfaced after a two-month hiatus to target government institutions in the Middle East and global government entities associated with geopolitics in the region in a rash of new campaigns observed earlier this month.

Sunnyvale-based enterprise security firm Proofpoint attributed the activity to a politically motivated threat actor it tracks as TA402, and known by other monikers such as Molerats and GazaHackerTeam.

The threat actor is believed to be active for a decade, with a history of striking organizations primarily located in Israel and Palestine, and spanning multiple verticals such as technology, telecommunications, finance, academia, military, media, and governments.

Jun 14, 2021

Manufacturing silicon qubits at scale

Posted by in categories: chemistry, engineering, finance, information science, quantum physics, supercomputing

Circa 2019

As quantum computing enters the industrial sphere, questions about how to manufacture qubits at scale are becoming more pressing. Here, Fernando Gonzalez-Zalba, Tsung-Yeh Yang and Alessandro Rossi explain why decades of engineering may give silicon the edge.

In the past two decades, quantum computing has evolved from a speculative playground into an experimental race. The drive to build real machines that exploit the laws of quantum mechanics, and to use such machines to solve certain problems much faster than is possible with traditional computers, will have a major impact in several fields. These include speeding up drug discovery by efficiently simulating chemical reactions; better uses of “big data” thanks to faster searches in unstructured databases; and improved weather and financial-market forecasts via smart optimization protocols.

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Jun 14, 2021

Tanzania Considers Crypto—And Boosts Bitcoin—As Nations Line Up Behind El Salvador To Embrace Decentralized Finance

Posted by in categories: bitcoin, finance, law

Tanzania considers crypto—and boosts bitcoin—as nations line up behind el salvador to embrace decentralized finance.

El Salvador voted to adopt bitcoin as legal tender last week.

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Jun 14, 2021

Qualcomm reportedly offers to invest in Arm as regulators threaten to block Nvidias $40 billion acquisition

Posted by in categories: computing, finance

U.S. chip goliath Qualcomm has said it is open to the idea of investing in U.K. chip designer Arm if the company’s $40 billion sale to Nvidia is blocked by regulators, according to The Telegraph newspaper.

Qualcomm’s incoming CEO, Cristiano Amon, said Qualcomm would be willing to buy a stake in Arm alongside other industry investors if SoftBank, Arm’s current owner, listed the company on the stock market instead of selling it to Nvidia, the newspaper reported Sunday.

“If Arm has an independent future, I think you will find there is a lot of interest from a lot of the companies within the ecosystem, including Qualcomm, to invest in Arm,” Amon said. “If it moves out of SoftBank and it goes into a process of becoming a publicly-traded company, [with] a consortium of companies that invest, including many of its customers, I think those are great possibilities.”

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Jun 11, 2021

UK air taxi firm Vertical Aerospace to float on New York stock market

Posted by in categories: finance, transportation

The aircraft could be used to transfer passengers between home and airports, Virgin believes. It would be able, for example, to make the 56-mile journey from Cambridge to Heathrow in 22 minutes, compared with a 90-minute drive.

The announcement represents another step in the race to making mass electric flight and air taxis a reality. Some analysts have predicted the sector could be worth £150bn by 2040 but significant hurdles remain, including regulation and safety certification. The VA-X4 has yet to take its first test flight. Dómhnal Slattery, the chief executive of Avolon, said its order would “accelerate the inevitable commercial rollout of zero-emissions aircraft. Before the end of this decade, we expect zero-emission urban air mobility, enabled by eVTOLs, to play an increasingly important role in the global commercial aviation market.”

Jun 10, 2021

Emerging Ransomware Targets Dozens of Businesses Worldwide

Posted by in categories: business, cybercrime/malcode, energy, finance, food, government, law

An emerging ransomware strain in the threat landscape claims to have breached 30 organizations in just four months since it went operational, riding on the coattails of a notorious ransomware syndicate.

First observed in February 2021, “Prometheus” is an offshoot of another well-known ransomware variant called Thanos, which was previously deployed against state-run organizations in the Middle East and North Africa last year.

The affected entities are believed to be government, financial services, manufacturing, logistics, consulting, agriculture, healthcare services, insurance agencies, energy and law firms in the U.S., U.K., and a dozen more countries in Asia, Europe, the Middle East, and South America, according to new research published by Palo Alto Networks’ Unit 42 threat intelligence team.

Jun 8, 2021

Aldehyde-stabilized cryopreservation

Posted by in categories: biotech/medical, chemistry, cryonics, finance, life extension, neuroscience

Circa 2015 brain immortality through aldehyde stabilized cryopreservation.

We describe here a new cryobiological and neurobiological technique, aldehyde-stabilized cryopreservation (ASC), which demonstrates the relevance and utility of advanced cryopreservation science for the neurobiological research community. ASC is a new brain-banking technique designed to facilitate neuroanatomic research such as connectomics research, and has the unique ability to combine stable long term ice-free sample storage with excellent anatomical resolution. To demonstrate the feasibility of ASC, we perfuse-fixed rabbit and pig brains with a glutaraldehyde-based fixative, then slowly perfused increasing concentrations of ethylene glycol over several hours in a manner similar to techniques used for whole organ cryopreservation. Once 65% w/v ethylene glycol was reached, we vitrified brains at −135 °C for indefinite long-term storage. Vitrified brains were rewarmed and the cryoprotectant removed either by perfusion or gradual diffusion from brain slices. We evaluated ASC-processed brains by electron microscopy of multiple regions across the whole brain and by Focused Ion Beam Milling and Scanning Electron Microscopy (FIB-SEM) imaging of selected brain volumes. Preservation was uniformly excellent: processes were easily traceable and synapses were crisp in both species. Aldehyde-stabilized cryopreservation has many advantages over other brain-banking techniques: chemicals are delivered via perfusion, which enables easy scaling to brains of any size; vitrification ensures that the ultrastructure of the brain will not degrade even over very long storage times; and the cryoprotectant can be removed, yielding a perfusable aldehyde-preserved brain which is suitable for a wide variety of brain assays.

Jun 8, 2021

Dr. Helene Gayle — President / CEO, Chicago Community Trust — Health, Equity and Economic Growth

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

Health, Equity, And Economic Growth — Dr. Helene Gayle, MD, MPH, President and CEO, The Chicago Community Trust.

Dr. Helene D. Gayle, MD, MPH, is President and CEO of The Chicago Community Trust (CCT), one of the nation’s oldest and largest community foundations, and under her leadership, CCT has adopted a new strategic focus on closing the racial and ethnic wealth gap in the Chicago region.

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