Lifeboat Foundation: Safeguarding Humanity
Toggle light / dark theme

Blog

Category: finance – Page 142

Innovation is all the buzz in Asia. Australia, China, Korea, Vietnam, and now lets look at India.

Personally, I believe there is great potential in India for some amazing innovations. Just look at their own historical sites and artifacts, art, etc.; no one can claim creativity, imagination, etc. does not exist. And, not to mention the engineering feats that have been proven by India many times.

India has moved 16 rungs up the global ranking for innovation in 2016, as compared to 2015, but still remains a lowly 66th, well below Malaysia and Vietnam, leave alone China in the middle-income category and far below countries like South Korea and Japan, and other high-income innovation hubs like Switzerland, the US, the UK and Singapore. What can be done to make India a hub of innovation? Improve the quality of education across all levels. A technology policy that incentivises genuine R&D is required. Ease of entry and exit of firms, competition, a vibrant financial sector that allocates capital to new profit potential, a culture of entrepreneurship and an end to failure-shaming would help. The least obvious requirement is political empowerment of the common man.

Close on the heels of the release of the ranking comes the news that India has got one more unicorn, a startup with a valuation in excess of $1billion, with fresh investment in Hike, a messenger app from the Bharti stable, valuing the company at $1.4 billion. This is a welcome development, and testimony to innovation at work in India. However, compared to what WeChat, a Chinese app that brings many functionalities together including payments and messages that expire, Indian innovation looks limited. Huge research and development expenditure by global majors in their units in India has helped raise the country’s ranking in the global index. But this only means Indian brawn working to bring foreigners’ innovation to fruition, for the most part.

Continue reading “How to make India an innovation hub” | >

For Sale: A Scylex malware Kit please contact your nearest Dark Web for details.

Experts from Heimdal security firm discovered a new crimeware kit, the Scylex malware kit, that aims to provide Zeus-grade Capabilities.

Security experts from the Heimdal security firm have discovered a new DIY financial crime kit offered for sale on a notorious malicious hacker forum on the dark web called Lampeduza.

The new crime kit, dubbed Scylex malware kit, allows cyber criminals to roll their own ZeuS-like malware. The malware implements the features of common banking trojan, such as stealing online banking passwords, intercept web traffic and of course establish a backdoor on the infected Windows-based machine.

Continue reading “Scylex malware Kit offered for sale in the criminal underground” | >

Like this article; there is 2 more pieces missing from the roadmap for 2010 & beyond and that is Biocomputing & Singularity. Biocomputing will provide the financial industry (banks, trading firms, accounting & audit firms, bond insurers, etc.) the ability to expand information/ data storage and transmission capacities like we have never see before just look at what Microsoft, Google, Amazon, etc. have done with DNA storage. And, the much loved Singularity enables boosting of knowledge and insights as well as more mobility and access to information as they need it. BTW — Biometrics is NOT the same as Biocomputing; biocomputing goes well beyond security/ identity management.

The influential non-profit rates these technologies alongside the PC, the internet, and smartphones in terms of their potential to transform financial…

Read more

A prototype chip with large arrays of phase-change devices that store the state of artificial neuronal populations in their atomic configuration. The devices are accessed via an array of probes in this prototype to allow for characterization and testing. The tiny squares are contact pads used to access the nanometer-scale phase-change cells (inset). Each set of probes can access a population of 100 cells. There are thousands to millions of these cells on one chip and IBM accesses them (in this particular photograph) by means of the sharp needles (probe card). (credit: IBM Research)

Scientists at IBM Research in Zurich have developed artificial neurons that emulate how neurons spike (fire). The goal is to create energy-efficient, high-speed, ultra-dense integrated neuromorphic (brain-like) technologies for applications in cognitive computing, such as unsupervised learning for detecting and analyzing patterns.

Applications could include internet of things sensors that collect and analyze volumes of weather data for faster forecasts and detecting patterns in financial transactions, for example.

Read more

Luv this.

The University of Bristol’s Quantum Technology Enterprise Centre (QTEC) is looking to recruit its first cohort of Enterprise Fellows that will be the next generation of quantum technology entrepreneurs.

Merging training in systems thinking, quantum engineering and entrepreneurship, QTEC will provide the necessary skills for budding innovators to develop their own business ideas and for them to branch out into the emerging field of quantum technologies.

The Centre, which is the first of its kind in the world, was funded as part of the UK’s £270 million investment into quantum technologies. These technologies exploit the laws of quantum mechanics to create practical and useful technologies that will outperform their classical rivals and that have the potential to transform artificial intelligence, healthcare, energy, finance, cyber security and the internet.

Read more

Sad for Russia.

President Vladimir Putin and other Russian officials dream of a technological leap that could immediately close the gap between Russia and more advanced economies, as Sputnik did for the Soviet Union. The hyperloop, a kind of train in a tube that can reach speeds of up to 700 mph, fits that dream, and a well-connected Russian businessman has invested in it — only to see the project become embroiled in a lawsuit involving a Silicon Valley startup’s founders and claims of financial mismanagement.

Elon Musk, Tesla’s chief executive, proposed the hyperloop four years ago. This “fifth mode of transport” would involve a system of practically airless tubes through which magnetically levitated pods could carry passengers and cargo. Musk has not set up a company to bring the project to reality, but others have. For example, Hyperloop Transportation Technologies, wants to build a system in Slovakia. Another, Hyperloop One, offered a public demonstration of some elements of its technology in May.

Hyperloop One has seemed the most advanced project, and Russian investors showed an interest from the start. The state-owned Russian Direct Investment Fund took a small stake in the company, but Ziyavudin Magomedov, head of Summa Capital, was the most enthusiastic Russian investor, putting up money for both of the company’s funding rounds.

Continue reading “Russia’s hyperloop dream is undone” | >