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Category: finance – Page 50

BIRMINGHAM, United Kingdom — Servers around the world could soon face a massive data storage crunch, thanks to the “mind-blowing amount” of information people store digitally every day.

Researchers from Aston University say the global datasphere — the total amount of data worldwide — will increase by 300 percent within the next three years. Currently, all of this data sits in banks of servers stored in huge warehouses (data centers).

Unfortunately, the answer to creating more space in “the cloud” is not just to build more server warehouses. The Aston team says data centers already use up 1.5 percent of the world’s electricity every year. That makes endlessly building new facilities just for massive servers an unsustainable practice.

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Welcome to the first chapter of our audiobook on personal finance! In this chapter, we’ll be exploring the basics of money and how we use it in our daily lives. We’ll cover topics like what money is, how we earn it, and how we can use it to buy the things we need and want. We’ll also talk about the different forms money can take, like cash, checks, and credit cards. Whether you’re just starting to learn about personal finance or you’re looking to brush up on the basics, this chapter is a great place to start. So grab a pair of headphones, sit back, and let’s get started!

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In April, Tesla Inc TSLA CEO Elon Musk said he was done selling Tesla shares to help finance his ongoing overhaul at Twitter.

Since then, he jettisoned more than $20 billion worth of Tesla stock and has continued the selling spree this week.

As the stock continues to skid, Jim Cramer sees an electric buying opportunity.

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Synchron, a neurovascular bioelectronics medicine company, today announced publication of a first-in-human study demonstrating successful use of the Stentrode™ brain-computer interface (BCI), or neuroprosthesis. Specifically, the study shows the Stentrode’s ability to enable patients with severe paralysis to resume daily tasks, including texting, emailing, shopping and banking online, through direct thought, and without the need for open brain surgery. The study is the first to demonstrate that a BCI implanted via the patient’s blood vessels is able to restore the transmission of brain impulses out of the body, and did so wirelessly. The patients were able to use their impulses to control digital devices without the need for a touchscreen, mouse, keyboard or voice activation technology. This feasibility study was published in the Journal of NeuroInterventional Surgery (JNIS), the leading international peer-review journal for the clinical field of neurointerventional surgery, and official journal of the Society of NeuroInterventional Surgery (SNIS).

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Making the total amount of sold Tesla stocks nearly $40 billion over the past year.

Tesla CEO, Elon Musk, has been on a selling spree of his company’s stock this year. Earlier this week, Musk sold 22 million shares over a period of three days, a filing with the U.S. financial regulator has revealed, the BBC

Musk, who rose to the top of the world’s wealthiest people list last year riding on Tesla stock price, has spent most of 2022 dealing with this start-again-stop-again campaign to acquire Twitter. Musk, who was quite secretive about acquiring Twitter stock at the beginning of the year, shocked many by declaring his intent to buy out the social media company and take it private.

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In a move to protect SBFs hedge fund from losing billions software code was altered.

Sam Bankman-Fried owned Alameda Research, a hedge fund heavily invested in FTX. In move to make sure the hedge fund assets were never sold off, when FTX began to have issues, an engineer secretly changed software code in the FTX system. The software would have sold off all Alameda Research assets, just like any other companies that were owned, in the case of FTX filing for bankruptcy.

Getty Images.

The FTX exchange code was tweaked in the Mid 2020s, to make sure Alameda Research was protected from an automatic sell off of assets, if the hedge fund was losing to much borrowed money.

Continue reading “FTX caught depositing 8 billion dollars of customer money into secret accounts” | >

“Advent has a proven record of strengthening its portfolio companies and a desire to support Maxar in advancing our long-term strategic objectives,” Maxar CEO Daniel Jablonsky said in the statement. “As a private company, we will have enhanced flexibility and additional resources to build on Maxar’s strong foundation, further scale operations and capture the significant opportunities in a rapidly expanding market.”

With some $28 billion invested across the defense, security and cybersecurity sectors in the last three years, Boston-based Advent’s portfolio companies support many satellite and defense platforms which serve the U.S. government and its allies as well as companies across the globe. The firm said it arranged debt and equity financing commitments to finance the acquisition.

The transaction is expected to close mid-2023, subject to customary closing conditions. Maxar, which has 4,400 employees, will operate under the same brand and maintain its headquarters in Westminster, Colorado, and will remain U.S.-controlled and operated.

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The forecast, first reported by Reuters, represents how some in Silicon Valley are betting the underlying technology will go far beyond splashy and sometimes flawed public demos.

OpenAI was most recently valued at $20 billion in a secondary share sale, one of the sources said. The startup has already inspired rivals and companies building applications atop its generative AI software, which includes the image maker DALL-E 2. OpenAI charges developers licensing its technology about a penny or a little more to generate 20,000 words of text, and about 2 cents to create an image from a written prompt, according to its website.

A spokesperson for OpenAI declined to comment on its financials and strategy. The company, which started releasing commercial products in 2020, has said its mission remains advancing AI safely for humanity.

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Standing among solar arrays and power grid equipment at the National Renewable Energy Laboratory (NREL), you might hear a faint, distorted melody buzzing from somewhere. You are not hallucinating—that gray box really is singing the Star Wars Theme, or the ice cream truck song, or Chopin’s Waltz in A minor. Power system engineers are just having some fun with an NREL capability that prevents stability problems on the electrical grid.

Usually, the engineers send another kind of waveform through the inverters and load banks: megawatts of power and voltage vibrations at many frequencies. The purpose of their research is to see how and the grid interact—to get them “in tune” and prevent dangerous electrical oscillations that show up like screechy feedback or a booming sub-bass.

The engineers can do this analysis at with NREL hardware using the lab’s advanced impedance measurement system, and they have also produced a commercially available software called the Grid Impedance Scan Tool or GIST that can do the same with simulated power on device models, allowing any manufacturer or grid operator to certify grid with renewable energy resources.

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Structuring, Financing & Growing Novel Longevity Ventures — Dr. Tobias Reichmuth Ph.D., Founding Partner, Maximon

Dr. Tobias Reichmuth, Ph.D. is Founding Partner at Maximon (https://www.maximon.com/), The Longevity Company Builder, which empowers entrepreneurs to build impactful, science-based and scalable companies providing healthy aging and rejuvenation solutions.

Maximon recently announced the launch of their 100 million CHF Longevity Co-Investment Fund, which will be looking to invest up to CHF 10 million per company, which allows them to finance up to 10–12 start-ups in this fast growing industry over the next four years.

Continue reading “Dr. Tobias Reichmuth, Ph.D. — Maximon — Structuring, Financing & Growing Novel Longevity Ventures” | >