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Archive for the ‘finance’ category: Page 12

May 17, 2024

Scientists Step Toward Quantum Internet With Experiment Under the Streets of Boston

Posted by in categories: computing, finance, internet, quantum physics, security

A quantum internet would essentially be unhackable. In the future, sensitive information—financial or national security data, for instance, as opposed to memes and cat pictures—would travel through such a network in parallel to a more traditional internet.

Of course, building and scaling systems for quantum communications is no easy task. Scientists have been steadily chipping away at the problem for years. A Harvard team recently took another noteworthy step in the right direction. In a paper published this week in Nature, the team says they’ve sent entangled photons between two quantum memory nodes 22 miles (35 kilometers) apart on existing fiber optic infrastructure under the busy streets of Boston.

“Showing that quantum network nodes can be entangled in the real-world environment of a very busy urban area is an important step toward practical networking between quantum computers,” Mikhail Lukin, who led the project and is a physics professor at Harvard, said in a press release.

May 11, 2024

Understanding science funding in tech, 2011–2021

Posted by in categories: finance, science

An excellent discussion of the history, strategies, and future of new funding models for science wherein we can Ensure that scientific progress can flourish by removing financial and institutional obstacles for the world’s best scientists, so that they can fully pursue their curiosity and produce…


For those who sit between science and tech, it’s hard not to notice the proliferation of new initiatives launched in the last two years, aimed at making major improvements in the life sciences especially.

While I don’t have a science background, nor any personal relationship to the space (other than knowing and liking many of the folks involved), I became interested in learning why the space changed so suddenly, particularly from a philanthropic lens. Figuring out what worked in science can help us tackle other, similarly-shaped problems in the world.

Continue reading “Understanding science funding in tech, 2011-2021” »

May 11, 2024

JPMorgan Chase Suffers Data Breach Affecting Personal Information of 451,809 Customers

Posted by in categories: cybercrime/malcode, finance

JPMorgan Chase says it has discovered a data breach affecting the personal information of nearly half a million customers.

New filings with the Office of the Maine Attorney General show the banking giant recently found a software issue that’s been active since August 26th, 2021.

The bug allowed unauthorized access to retirement plan records of 451,809 customers, which contain names, addresses, Social Security numbers and bank account numbers.

May 6, 2024

Sam Altman Says AI Will Be Like a Super Smart Person Who “Knows Absolutely Everything” About Your Life

Posted by in categories: finance, robotics/AI

The AI of the future won’t just be a chatbot — it’ll be, according to OpenAI CEO Sam Altman, outfitted with incredibly detailed information about its users.

In an interview with the MIT Technology Review, Altman suggested that AI should be working for its users harder than even the hardest-working human executive assistant, and would know absolutely everything about whoever is using it.

Speaking to the magazine between a series of events at Harvard, which were hosted in part by the venture capital firm Xfund, the OpenAI cofounder said that the best use of AI would be a “super-competent colleague that knows absolutely everything about my whole life, every email, every conversation I’ve ever had, but doesn’t feel like an extension.”

May 6, 2024

New influenza vaccine strategies aim to enhance protection with T-cell responses

Posted by in categories: biotech/medical, finance

In a recent review published in the journal Nature Reviews Immunology, researchers discussed the limitations of current influenza vaccines and the potential for future vaccines to induce both T-cell responses and antibodies for enhanced protection. They examined the strategies to develop influenza vaccines with broad strain specificity and long-term efficacy, covering protection requirements, immune response evaluation, expected outcomes, and financial considerations.

Study: Opportunities and challenges for T cell-based influenza vaccines. Image Credit: CI Photos / Shutterstock.

May 3, 2024

Study offers $2.1B plan to make room for SpaceX, other rocket company fleets at Port Canaveral

Posted by in categories: finance, space travel

More Space Coast rocket launches mean a crowded fleet of support ships are already pushing Port Canaveral’s limits. So the state commissioned a study that suggests a $2.1 billion solution to give companies such as SpaceX and Blue Origin dedicated places to dock.

Space Florida, the state’s aerospace finance and development authority, released Thursday the Florida Spaceport System Maritime Intermodal Transportation Study that’s been in the works for more than a year.

“It was really important for us to make sure we had every stakeholder input throughout the process,” said Space Florida president and CEO Rob Long.

May 3, 2024

Android malware posing as a fake Chrome update is stealing banking app logins

Posted by in categories: cybercrime/malcode, finance, mobile phones

Some online scams are more conspicuous than others, but the most insidious can be especially tricky to spot. For instance, last week, cybersecurity firm ThreatFabric uncovered a new Android malware family that cleverly disguises itself as a Google Chrome update. Before you click a link claiming to provide updates for Chrome, be sure that it isn’t fake.

ThreatFabric analysts found the malware — which they dubbed Brokewell — on a fake browser update page designed to fool people into downloading a malicious app. If the page manages to fool you, you’ll end up downloading seriously dangerous malware.

May 1, 2024

Collection agency data breach affects millions of users

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

An American debt collection agency suffered a data breach in late February, losing sensitive data belonging to almost two million people.

Earlier this week, Financial Business and Consumer Solutions (FBCS) sent a data breach notification letter to affected customers, explaining that unauthorized third parties accessed its systems on February 14, 2024, and remained there until being spotted, and ousted, on February 26.

Apr 29, 2024

Billion-Dollar Bank Facing Class Action Compliant After Data Breach Exposes Customers’ Names, Social Security Numbers and Other Sensitive Information

Posted by in categories: cybercrime/malcode, finance

A US bank is facing a proposed class action lawsuit for allegedly failing to protect its customers’ sensitive personal information and suffering a massive data breach.

SouthState Bank, which has over $45 billion in assets, is being hit with a class action lawsuit led by plaintiff Latonya Gore in Florida, filings show.

The suit concerns a February 2024 data breach that compromised the banks’ clients’ full names, financial account numbers and Social Security numbers.

Apr 29, 2024

How much energy can offshore wind farms in the U.S. produce? New study sheds light

Posted by in categories: business, energy, finance, sustainability

As summer approaches, electricity demand surges in the U.S., as homes and businesses crank up the air conditioning. To meet the rising need, many East Coast cities are banking on offshore wind projects the country is building in the Atlantic Ocean.

For electric grid operators, knowing how much wind power these offshore turbines can harvest is critical, but making accurate predictions can be difficult. A team of CU Boulder scientists and their collaborators are working to tackle the challenge.

In a paper published March 14 in Wind Energy Science, a team led by Dave Rosencrans, a doctoral student, and Julie K. Lundquist, a professor in the Department of Atmospheric and Ocean Sciences, estimates that in the Atlantic Ocean region, where the U.S. plans to build large wind farms, could take away wind from other turbines nearby, potentially reducing the farms’ power output by more than 30%.

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