Lifeboat Foundation

Amazon will shut down its food delivery business in India by the end of the year, the retailer said Friday, retreating from a $20 billion vertical it entered less than three years ago.

The retailer will shut down the food delivery business, called Amazon Food, on December 29 in India. It launched Food in India in May 2020 in parts of Bengaluru. The company later expanded the service across the city, tying up with additional restaurants, but it never heavily promoted or marketed the platform.

“Customers have been telling us for some time that they would like to order prepared meals on Amazon in addition to shopping for all other essentials. This is particularly relevant in present times as they stay home safe,” the company said at the time of Food launch.

On September 14, 1956, IBM announced the 305 and 650 RAMAC (Random Access Memory Accounting) “data processing machines,” incorporating the first-ever disk storage product. The 305 came with fifty 24-inch disks for a total capacity of 5 megabytes, weighed 1 ton, and could be leased for $3,200 per month.

In 1953, Arthur J. Critchlow, a young member of IBM’s advanced technologies research lab in San Jose, California, was assigned the task of finding a better data storage medium than punch-cards.

The information explosion (a term first used in 1941, according to the Oxford English Dictionary) has turned into the big digital data explosion. And the data explosion enabled deep learning, an advanced data analysis method, to perform today’s AI breakthroughs in image identification and natural language processing.

Continue reading “History Of AI In 33 Breakthroughs: Digital Storage” »

A post was reported and I checked it. My business is minerals, and I had heard of the discovery before so I kept the post. Here is information from BBC to back it up.

Carmeltazite was added to the official list of known minerals this week after being approved by the International Mineralogical Association (IMA).

Taub Avi, CEO of the precious stone exploration company Shefa Yamim, said it was discovered by the company in volcanic rock in northern Israel’s Sevulun Valley.

Continue reading “Israeli company unearths rare mineral” »

Check out the on-demand sessions from the Low-Code/No-Code Summit to learn how to successfully innovate and achieve efficiency by upskilling and scaling citizen developers. Watch now.

Cybersecurity is an expensive business. To prepare to address sophisticated threat actors, an enterprise needs to maintain a complete security operations center (SOC) filled with state-of-the-art technologies and experienced professionals who know how to identify and mitigate threats.

All of these factors add up. According to a new report released by threat prevention provider Perception Point and Osterman Research, organizations pay $1,197 per employee yearly to address cyber incidents across email services, cloud collaboration apps or services, and web browsers.

Self-driving car company Argo AI failure when Ford and VW pulled the plug after spending over $3 billion. It is big evidence that Lidar-dependent self-driving has a long way to go. All of the self-driving car companies except Tesla and Comma were using Lidar. Ford said removing the driver is over 5 years away. Most robotaxi players are dependent upon removing the driver for their business model to work enough to get to serious scale. 5+ years to get to the true starting point and 5+ years to scale translates to an 8-year lead for Tesla if Tesla solves robotaxi in 2 years. Uber had a 2.5 year lead over Lyft and that meant three times the market share for Uber.

Scientists at Northwestern University say they may have found a breakthrough treatment for reversing paralysis in humans after successfully administering a new injectable therapy in mice.

#News #Reuters #Science #U.S. #Spine.

Continue reading “Scientists reverse paralysis in mice, seek human trials” »

Solar panels often get a bad rap for spoiling the appearance of homes and businesses. Yet, this may be about to change.

Solar power could be gathered far away in space and transmitted wirelessly down to Earth to wherever it is needed. The European Space Agency (ESA) plans to investigate key technologies needed to make Space-Based Solar Power a working reality through its SOLARIS initiative. Recently in Germany, one of these technologies, wireless power transmission, was demonstrated to an audience of decision-makers from business and government.

The demonstration took place at Airbus’ X-Works Innovation Factory in Munich. Microwave beaming was used to transmit green energy between two points representing ‘Space’ and ‘Earth’ over a distance of 36 meters.

Continue reading “ESA SOLARIS: Wireless Power Beamed Down From Space” »

‘Never in my career have I seen such a complete failure of corporate controls,’ says the new CEO of FTX.

Cryptocurrency venture Multicoin Capital has written a letter to its investors about further fall in the business before it could recover.

In the upcoming weeks, the company anticipates that the FTX pandemic will “wipe out” several trading firms, according to a report by CNBC.