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Archive for the ‘business’ category: Page 117

Jan 11, 2022

Prager Metis sets up first CPA firm in metaverse

Posted by in categories: augmented reality, blockchains, business, space, virtual reality

Prager Metis has become the first CPA firm to open up a metaverse headquarters. The firm, which in real life is based in New York, is setting up shop in Decentraland, a 3D virtual world, as part of a joint venture with Banquet LLC, a metaverse studio.

The firm purchased the piece of virtual real estate on Dec. 28, a three-story digital structure. On the first floor is an open floor plan that doubles as a gallery space for nonfungible tokens from Prager Metis clients along with a large entertainment area. The second floor will provide more of a working space with meeting rooms and conference capabilities. The third floor will serve as a rooftop space where Prager Metis intends to host events and even live entertainment.

The metaverse has been attracting attention ever since Facebook’s parent company announced a name change last October to Meta to highlight its interest in developing technology for virtual reality and augmented reality. More businesses have followed suit in setting up shop in the metaverse. Prager Metis isn’t the first firm to dip its toes in the waters: PricewaterhouseCoopers’ Hong Kong firm announced last month that it had bought virtual land on another metaverse platform, the Sandbox, but Prager Metis is going further by setting up an actual headquarters in Decentraland. It plans to focus on advisory services for clients and potentially for other accounting firms as well. The firm already has clients who have entered the rapidly growing market for nonfungible tokens, or NFTs, which use blockchain technology to create collectibles and artwork that people bid on to buy and trade.

Jan 11, 2022

Expo 2020: Nevomo’s tech upgrades existing railway tracks for high-speed supertrains

Posted by in categories: business, transportation

The MagRail technology makes use of existing tracks to allow use of both magnetic and traditional trains; can later be upgraded for Hyperloop. Expo 2020: Nevomo’s tech upgrades existing railway tracks for high-speed supertrains. Dubai, Expo 2020, Expo 2020 dubai, hyperloop, Nevomo, Railways, Virgin. Business.

Jan 10, 2022

Genflow to become Europe’s first longevity biotech IPO

Posted by in categories: biotech/medical, business, genetics, life extension

The company is developing novel therapeutics targeting aging in humans and dogs by using genetically modified adeno-associated virus (AAV) vectors to deliver copies of the SIRT6 gene variant found in centenarians. SIRT6 has already been shown to have significant capabilities to repair DNA damage, and Genflow’s aim is to show that it can also improve healthspan and, potentially, increase lifespan. “Our business model is to develop our lead compound, GF-1002, that has already yielded encouraging pre-clinical results,” Leire told us. “We are currently undertaking pre-clinical trials which are expected to take approximately two years.


SIRT6 targeting longevity biotech announces intention to float on the London Stock Exchange, with IPO later this month.

Jan 9, 2022

Disney Patents Virtual World Simulator That Doesn’t Require Headsets, Goggles, Or Smartphones

Posted by in categories: business, mapping, mobile phones, virtual reality

The immersive tech could eventually allow park visitors to interact with Mickey Mouse and Elsa as images, not cast members in costume.


Disney is joining the metaverse party.

We aren’t talking online gigs or business meetings with avatars. Disney wants to enhance the virtual dimension of its theme parks with its Virtual World Simulator, new technology for which it was granted a patent in the U.S. on December 28.

Continue reading “Disney Patents Virtual World Simulator That Doesn’t Require Headsets, Goggles, Or Smartphones” »

Jan 9, 2022

Japan-based startup unveils its flying car at CES 2022, plans to enter market by 2025

Posted by in categories: business, government, robotics/AI, transportation

The vehicle showcased at the event was Model SD-03, which was a demonstration for the autonomous SD-05 which is currently under development. The company is aiming to kickstart its business with the latter after unveiling it as a flying taxi at the World Expo 2025 in Osaka. It is worth mentioning that SkyDrive has been tested for manned flights and recently got certified by the Japanese government. “SkyDrive recently advanced toward commercialization with the Japanese transportation ministry’s acceptance of its type certificate application, a major milestone that no other flying vehicle developers have reached in Japan”, the company said in its statement.

READ | Flying car completes first 35-minute inter-city flight test in Slovakia

The model released by SkyDrive at the CES 2022 is a driver-only vehicle that runs on electricity and is equipped with eight propellers. As per SkyDrive’s description of the vehicle, it can carry a maximum weight of 400 kg and is capable of cruising at 40–50 kilometres per hour for five to ten minutes. The company had revealed the first prototype of its eVTOL in 2018 and conducted the first manned flight in 2020. According to a report by Interesting Engineering, more companies such as Lilium and Volocopter are also planning to kickstart their flying car business this decade.

Jan 8, 2022

Goldman Sachs asks in biotech research report: ‘Is curing patients a sustainable business model?’

Posted by in categories: bioengineering, biotech/medical, business, genetics

“The potential to deliver ‘one shot cures’ is one of the most attractive aspects of gene therapy, genetically-engineered cell therapy and gene editing. However, such treatments offer a very different outlook with regard to recurring revenue versus chronic therapies,” analyst Salveen Richter wrote in the note to clients Tuesday. “While this proposition carries tremendous value for patients and society, it could represent a challenge for genome medicine developers looking for sustained cash flow.”

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Goldman Sachs warns sales from the most successful disease treatments are difficult to maintain.

Continue reading “Goldman Sachs asks in biotech research report: ‘Is curing patients a sustainable business model?’” »

Jan 7, 2022

What is the smart factory? The impact of factory 4.0 on manufacturing

Posted by in categories: business, information science, internet, neuroscience, security

Smart factories will be very useful in metaverse.workers can operated machines in factories using Internet.


As the idea of interconnected and intelligent manufacturing is gaining ground, competing in the world of Industry 4.0 can be challenging if you’re not on the very cusp of innovation.

Seeing the growing economic impact of IIoT around the globe, many professionals and investors have been asking themselves if the industry is on the verge of a technological revolution. But judging from the numbers and predictions, there is tangible and concrete evidence that the idea of smart manufacturing has already burst into corporate consciousness. According to IDC, global spending on the Internet of Things in 2020 is projected to top $840 billion if it maintains the 12.6% year-over-year compound annual growth rate. There is no doubt that a huge part of this expenditure will be devoted to the introduction of IoT into all types of industry, especially including manufacturing.

Continue reading “What is the smart factory? The impact of factory 4.0 on manufacturing” »

Jan 7, 2022

The Fundamental Patterns that Explain the Universe — with Brian Clegg

Posted by in categories: business, mathematics, military, quantum physics, time travel

From the cosmic microwave background to Feynman diagrams — what are the underlying rules that work to create patterns of action, force and consequence that make up our universe?
Brian’s new book “Ten Patterns That Explain the Universe” is available now: https://geni.us/clegg.
Watch the Q&A: https://youtu.be/RZB95znAGRE

Brian Clegg will explore the phenomena that make up the very fabric of our world by examining ten essential sequenced systems. From diagrams that show the deep relationships between space and time to the quantum behaviours that rule the way that matter and light interact, Brian will show how these patterns provide a unique view of the physical world and its fundamental workings.

Continue reading “The Fundamental Patterns that Explain the Universe — with Brian Clegg” »

Jan 7, 2022

Elon Musk’s Starlink & Google Partnership Will Change EVERYTHING

Posted by in categories: business, computing, Elon Musk, internet, satellites

The deal will involve SpaceX installing ground stations inside google’s data centers to link with Starlink satellites. This synergy will provide ultra-fast internet services to enterprise clients. We could start seeing the outcome of the partnership as early as this year, especially since Musk has promised Starlink would exit beta mode despite the size of googling this deal is enormous because it is giving an edge in its competition the software behemoth Microsoft and online retail king Amazon in the cloud computing market.

Google needs to diversify as quickly as possible because its advert business is no longer growing at the usual rate. The cloud is a way for Google to shore up its revenue to sustain its growth, so landing a client like SpaceX is a big deal for Google because its cloud computing service will be delivered to clients at high speed the first at Google data center to host a starling the base station is in New Albany Ohio followed by other data centers in the US. Still, ultimately most of google’s data centers worldwide would be connected.

Google and SpaceX had a bit of history back in 2015; the search giant invested 900 million dollars into SpaceX, which was meant to cover various technologies, including making the satellites themselves. Hence, it is natural that the two companies would do business together. The deal benefits all the parties involved, and Google brings its cloud services to more customers through a secure and fast internet network.

Jan 4, 2022

AI could repair the damage done

Posted by in categories: business, robotics/AI

First, AI can be taught to forget. This means that not only can AI identify who knows what about a topic, but it can also contextualize that information and recognize when information becomes outdated and redundant, meaning it can ‘forget’ unuseful data as needed. Second, using non-sensitive information drawn from existing tools, AI is able to see through silos. It can use all kinds of information to draw conclusions at scale, creating in one integrated platform a live map or ‘knowledge network’ of who knows what within an organization.

In short, using data, AI can build a network of knowledge and expertise in real time. When searching for answers, everyone can then access the most accurate, up-to-date information or the best expert, at that specific point in time, to help instantly.

Before the zettabytes of data grow to yottabytes, it’s time to embrace AI’s role in tackling data overload. With AI, we can start leveraging data in the way businesses and employees demand: to empower connection, problem-solving, collaboration, and finding the answers we need.