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Archive for the ‘business’ category: Page 6

Sep 12, 2020

Humanity’s Babel Tower: Space Elevator

Posted by in categories: business, space travel

In the book of Genesis, the Bible recounts the Babel tower that, once built, would allow humanity to do whatever it wishes. In this video, I will go over how humanity’s first space elevator will revolutionize human progress in space exploration and colonization. I will also go over the risks of a possible space elevator.

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Sep 11, 2020

Blockchain platform commercializes digital bank guarantees in Australia

Posted by in categories: bitcoin, business, finance

The Lygon blockchain platform, which runs on IBM Public Cloud, has reportedly successfully conducted its pilot since last year with Australian banks ANZ, Commonwealth Bank of Australia (CBA) and Westpac and a group of 20 Australian businesses.

Banks are expected to issue bank guarantees in just one day once they implement Lygon compared to the current paper-based guarantees that can take a month. The three Australian banks and retailers Scentre Group and IBM are planning to expand the Lygon platform for commercial use, according to a report on Sept 1.

A bank guarantee is a type of financial backstop offered by a lending institution. The bank guarantee means that the lender will ensure that the liabilities of a debtor will be met. The financial guarantees are said to be needed as part of retail property leases and from this month. Lygon chairman Nigel Dobson added that:

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Sep 11, 2020

How Adobe is using an AI chatbot to support its 22,000 remote workers

Posted by in categories: biotech/medical, business, robotics/AI

When the COVID-19 shutdown began in March throughout the United States, my team at Adobe had to face a stark reality: Business as usual was no longer an option. Suddenly, over just a single weekend, we had to shift our global workforce of over 22,000 people to working remotely. Not surprisingly, our existing processes and workflows weren’t equipped for this abrupt change. Customers, employees, and partners — many also working at home — couldn’t wait days to receive answers to urgent questions.

We realized pretty quickly that the only way to meet their needs was to completely rethink our support infrastructure.

Our first step was to launch an organization-wide open Slack channel that would tie together the IT organization and the entire Adobe employee community. Our 24×7 global IT help desk would front the support on that channel, while the rest of IT was made available for rapid event escalation.

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Sep 10, 2020

Northrop Grumman to terminate OmegA rocket program

Posted by in categories: business, security, space

WASHINGTON — Northrop Grumman announced it will not move forward with the development of the OmegA rocket. The vehicle was designed for the sole purpose of competing for a National Security Space Launch contract award but didn’t make the cut.

“We have chosen not to continue development of the OmegA launch system at this time,” Northrop Grumman spokeswoman Jennifer Bowman said in a statement. “We look forward to continuing to play a key role in National Security Space Launch missions and leveraging our OmegA investments in other activities across our business.”

Bowman said the company will not be protesting the U.S. Space Force’s decision to select United Launch Alliance and SpaceX for the NSSL contracts.

Sep 8, 2020

AI in the enterprise: Prepare to be disappointed – oversold but under appreciated, it can help… just not too much

Posted by in categories: business, information science, robotics/AI

Artificial Intelligence research is making big strides. But in practice?

There are several buckets you can use to categorize AI, one of which is the BS bucket. Within, you’ll find simple statistical algorithms people have been using forever. But there’s another bucket of things that actually weren’t possible a decade ago.

“The vast majority of businesses are still in the early phases of collecting and using data. Most companies looking for data scientists are looking for people to collect, manage, and calculate basic statistics over normal business processes.”

Continue reading “AI in the enterprise: Prepare to be disappointed – oversold but under appreciated, it can help… just not too much” »

Sep 7, 2020

Drone Carries Freight To Offshore Oil Platform

Posted by in categories: 3D printing, business, drones, robotics/AI

A Camcopter S-100 drone made the first commercial drone delivery to an offshore oil platform in late August and it might be the beginning of a major industry. The helicopter drone flew a 3D printed part from Norway to a rig located about 60 miles off the coast. The flight was conducted without any special airspace adjustments and the drone was just part of the traffic servicing the oil fields. The drone also did an exterior inspection of the drilling platform and performed a simulated search and rescue drill with the rig’s standby vessel.

Of course, the oil companies are keeping a close eye on the drone developments because hauling freight and supplies to the rigs by drone could not only be a lot cheaper, but also safer. There are also several major helicopter companies that have oilfield supply as their core business watching the new initiatives. Servicing oil platforms is a multibillion-dollar business and also one of the most dangerous forms of commercial flying. Nordic Unmanned, which flew the first drone flight, says drones are a viable alternative to many missions now flown by big, expensive helicopters. “This marks the beginning of a new chapter within unmanned logistics,” spokesman Pål Kristensen said.” The technology is proven and robust enough to implement in large scale and reduces the risk cost and environmental footprint drastically.”

Sep 6, 2020

How to build a modern public-private cybersecurity partnership

Posted by in categories: business, cybercrime/malcode, economics, energy, government

Public-private partnerships have been central to the development of cybersecurity over the past decade, through the sharing of threat information between commercial organizations and historically secretive government agencies. The opportunity now exists for a new era of public-private partnership, for a new realm of information sharing.


Cyberattacks continue to be reported as a key business risk. In the recent World Economic Forum’s Regional Risks for Doing Business 2019 report, survey respondents in six of the world’s 10-largest economies identified cyberattacks as their number one risk.

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Sep 6, 2020

Inside Virgin Orbit, Richard Branson’s Small Satellite Bid To Match Musk And Bezos In The Billionaire Space Race

Posted by in categories: business, Elon Musk, satellites

Fellow rocket man Elon Musk reacted with sympathy. “Sorry to hear that. Orbit is hard,” he tweeted, adding that it took his firm, SpaceX, four attempts before reaching orbit in September 2008. Branson himself “waited an hour” before getting on the phone to CEO Dan Hart. “His brain, as it does, just immediately turns to – ‘well how quickly can you try again’?” Pomerantz recalls, describing the mood in the room as the sun set in California as “a big step forward that nevertheless was nowhere near as big as we wanted it to be – we are a way better company than we were the day we did that launch, but we didn’t get to orbit.”

Back Of A Napkin

But for Pomerantz, Branson, Virgin and the watching entrepreneurial world, including competitors like SpaceX and Jeff Bezos’ Blue Origin, a larger question was answered: Could Richard Branson drop a rocket off the wing of a Virgin aircraft and call it a business?

Continue reading “Inside Virgin Orbit, Richard Branson’s Small Satellite Bid To Match Musk And Bezos In The Billionaire Space Race” »

Sep 4, 2020

Insanely humanlike androids have entered the workplace and soon may take your job

Posted by in categories: business, employment, finance, robotics/AI, transportation

November 2019 is a landmark month in the history of the future. That’s when humanoid robots that are indistinguishable from people start running amok in Los Angeles. Well, at least they do in the seminal sci-fi film “Blade Runner.” Thirty-seven years after its release, we don’t have murderous androids running around. But we do have androids like Hanson Robotics’ Sophia, and they could soon start working in jobs traditionally performed by people.

Russian start-up Promobot recently unveiled what it calls the world’s first autonomous android. It closely resembles a real person and can serve in a business capacity. Robo-C can be made to look like anyone, so it’s like an android clone. It comes with an artificial intelligence system that has more than 100,000 speech modules, according to the company. It can operate at home, acting as a companion robot and reading out the news or managing smart appliances — basically, an anthropomorphic smart speaker. It can also perform workplace tasks such as answering customer questions in places like offices, airports, banks and museums, while accepting payments and performing other functions.

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Sep 3, 2020

Raytheon hiring hundreds in Aurora as aerospace boom continues

Posted by in categories: business, employment

The giant Waltham, Massachusetts-based defense contractor (NYSE: RTX) is hiring to fill 200 open positions in Aurora, where Raytheon already employs 2,500 people.

Depending on how fast Raytheon finds candidates, the number of open jobs could rise because of the company’s growth, said Sullivan, the business’ top local executive. Raytheon last year expected to increase its workforce in Aurora by 400 to 500 positions by 2024.

Read more at the Denver Business Journal.

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