Archive for the ‘finance’ category: Page 6

Aug 31, 2022

Electric Outboard Engines & Boats

Posted by in category: finance

The world record comes as a result of a new standard-setting collaboration.

Vision Marine Technologies, a manufacturer of electric recreational marine propulsion for OEMs, broke the 100 mph (160 kph) speed barrier on an electric watercraft and set a new world record, the company announced.

To pull off such a feat, a coalition of numerous significant, well-known players from around the world had to unite. With the sole purpose of setting new standards, Vision Marine, in collaboration with Hellkat Powerboats, created the V32, a 32-inch (9.75 meters) catamaran hull made to hold the required battery banks to power a pair of Vision Marine’s signature E-MotionTM electric outboards.

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Aug 30, 2022

FBI: Hackers increasingly exploit DeFi bugs to steal cryptocurrency

Posted by in categories: cryptocurrencies, finance, internet, law enforcement, security

The U.S. Federal Bureau of Investigation (FBI) is warning investors that cybercriminals are increasingly exploiting security vulnerabilities in Decentralized Finance (DeFi) platforms to steal cryptocurrency.

“The FBI has observed cyber criminals exploiting vulnerabilities in the smart contracts governing DeFi platforms to steal investors’ cryptocurrency,” the federal law enforcement agency said.

“The FBI encourages investors who suspect cyber criminals have stolen their DeFi investments to contact the FBI via the Internet Crime Complaint Center or their local FBI field office.”

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Aug 28, 2022

New encryption tool is designed to thwart quantum computers

Posted by in categories: computing, encryption, finance, mathematics, quantum physics

An encryption tool co-created by a University of Cincinnati math professor will soon safeguard the telecommunications, online retail and banking and other digital systems we use every day.

The National Institute of Standards and Technology chose four new encryption tools designed to thwart the next generation of hackers or thieves. One of them, called CRYSTALS-Kyber, is co-created by UC College of Arts and Sciences math professor Jintai Ding.

“It’s not just for today but for tomorrow,” Ding said. “This is information that you don’t want people to know even 30 or 50 years from now.”

Aug 26, 2022

Start Your Company in the U.S. from anywhere

Posted by in categories: business, finance

The perfect helping hand you need to start and run your business!

The fintech company Workhy effortlessly completes incorporation procedures online and provides financial process management services for entrepreneurs worldwide.

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Aug 25, 2022

Baidu Releases Superconducting Quantum Computer and World’s First All-Platform Integration Solution, Making Quantum Computing Within Reach

Posted by in categories: biological, finance, quantum physics, robotics/AI

“Everyone can quantum.”

Chinese multinational technology company Baidu just released its first quantum computer on Thursday. The first superconducting quantum computer, “Qian Shi” can integrate hardware, software, and many applications. Baidu also introduced the world’s first all-platform quantum hardware-software integration solution — Liang Xi — that provides access to various quantum chips via mobile app, PC, and cloud.

Qian Shi is expected to solve data that a standard computer cannot calculate and problems that cannot be solved. This development is also thought to be a breakthrough in artificial intelligence, computational biology, material simulation, and financial technology.

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Aug 25, 2022

Bank Islam picks Amazon Web Services as cloud provider

Posted by in category: finance

KUALA LUMPUR (Aug 1): Bank Islam Malaysia Bhd has picked Amazon Web Services (AWS) as its cloud provider to power its digital transformation.

In a statement on Monday (Aug 1), AWS said the bank is using the breadth and depth of AWS’ cloud capabilities, including containers, networking, and content delivery, to build the Be U digital bank to help customers better manage their finances.

The company said Bank Islam is building Be U through its Centre of Digital Experience, an independent division that is developing new banking services on AWS to transform customer experiences.

Aug 24, 2022

Algorithms can prevent online abuse

Posted by in categories: finance, information science, privacy, robotics/AI

Millions of children log into chat rooms every day to talk with other children. One of these “children” could well be a man pretending to be a 12-year-old girl with far more sinister intentions than having a chat about “My Little Pony” episodes.

Inventor and NTNU professor Patrick Bours at AiBA is working to prevent just this type of predatory behavior. AiBA, an AI-digital moderator that Bours helped found, can offer a tool based on behavioral biometrics and algorithms that detect sexual abusers in online chats with children.

And now, as recently reported by Dagens Næringsliv, a national financial newspaper, the company has raised capital of NOK 7.5. million, with investors including Firda and Wiski Capital, two Norwegian-based firms.

Aug 20, 2022

Who Gets to Work in the Digital Economy?

Posted by in categories: bioengineering, biotech/medical, business, computing, economics, employment, finance, internet

If the combination of Covid-19 and remote work technologies like Zoom have undercut the role of cities in economic life, what might an even more robust technology like the metaverse do? Will it finally be the big upheaval that obliterates the role of cities and density? To paraphrase Airbnb CEO Brian Chesky: The place to be was Silicon Valley. It feels like now the place to be is the internet.

The simple answer is no, and for a basic reason. Wave after wave of technological innovation — the telegraph, the streetcar, the telephone, the car, the airplane, the internet, and more — have brought predictions of the demise of physical location and the death of cities.

Remote work has become commonplace since the beginning of the Covid-19 pandemic. But the focus on daily remote work arrangements may miss a larger opportunity that the pandemic has unearthed: the possibility of a substantially increased labor pool for digital economy work. To measure interest in digital economy jobs, defined as jobs within the business, finance, art, science, information technology, and architecture and engineering sectors, the authors conducted extensive analyses of job searches on the Bing search engine, which accounts for more than a quarter of all desktop searches in the U.S. They found that, not only did searches for digital economy jobs increase since the beginning of the pandemic, but those searches also became less geographically concentrated. The single biggest societal consequence of the dual trends of corporate acceptance of remote work and people’s increased interest in digital economy jobs is the potential geographic spread of opportunity.

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Aug 20, 2022

Neuralink’s brain-computer interface demo shows a monkey playing Pong

Posted by in categories: biotech/medical, computing, Elon Musk, finance, neuroscience

Neuralink, a company co-founded by Elon Musk, has been working on an implantable brain-machine interface since 2016. While it previously demonstrated its progress by showing a Macaque monkey controlling the cursor.

It’s unclear what kind of deal Musk has offered — whether it’s a collaboration or a financial investment —since none of the players responded or confirmed the report with the news organization.

Elon Musk’s last update on Neuralink — his company that is working on technology that will connect the human brain directly to a computer — featured a pig with one of its chips implanted in its brain. Now Neuralink is demonstrating its progress by showing a Macaque with one of the Link chips playing Pong. At first using “Pager” is shown using a joystick, and then eventually, according to the narration, using only its mind via the wireless connection.

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Aug 20, 2022

Failing aircraft venture highlights strains in Chinese-Russian relations

Posted by in categories: finance, transportation

Russia calculated that the Chinese side had sufficient financial resources and manufacturing capabilities, compensating for the Russian civil aviation industry’s financial problems. Moreover, the Russian side intended to use its advantage in engine technology to dominate production and thereby enter the huge Chinese civil aviation aircraft market. The Russians thought they had a strong selling point with the Central Aerodynamics Institute, known as TsAGI, which has more than a century of experience. Chinese technicians, however, did not share President Xi’s political calculations, and they did not think highly of Russia’s technological prowess. They believed that the Russian era of developing wide-body aircraft was part of a bygone Soviet legacy and that the real developers had already retired.

But a more fundamental problem is that Beijing’s motivation to cooperate with Russia was one-sided. China had hoped that money would entice Russia to share its engine technology, but Beijing had no intention of sharing its giant market with Moscow. With these conflicting interests from the start, it was only a matter of time before serious troubles began derailing the project.

The Russians originally wanted to use their own IL-96 aircraft as a blueprint for development. The Chinese, on the other hand, insisted on using the Boeing 787,777 and Airbus A350 as benchmarks for the development of jets with a two-aisle cabin layout, a range of 12,000 kilometers and 280 seats.

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