Lifeboat Foundation

Tesla completed its $2.6 billion acquisition of SolarCity this week, and, to celebrate, the company has announced a major solar energy project: wiring up the whole island of Ta’u in American Samoa. Previously, the island ran on diesel generators, but over the past year Tesla has installed a microgrid of solar energy panels and batteries that will supply “nearly 100 percent” of power needs for Ta’u’s 600 residents.

The project seems intended to show off the potential benefits of the SolarCity acquisition, with Ta’u’s microgrid comprised of 5,328 solar panels from SolarCity and Tesla, along with 60 Tesla Powerpacks batteries for storage. But buying SolarCity remains a risky move for Tesla, with the purchase including billions of dollars of debt for a company that’s far from profitable (SolarCity spends $6 for every $1 it makes in sales). Nevertheless, Tesla CEO Elon Musk describes the acquisition as “blindingly obvious” — a necessary step in his so-called “Master Plan” to integrate clean energy generation and storage.

Continue reading “Tesla powers a whole island with solar to show off its energy chops” »

Planetary Resources, Inc., the asteroid mining company, announced today that it has finalized a 25 million euro agreement that includes direct capital investment of 12 million euros and grants of 13 million euros from the Government of the Grand Duchy of Luxembourg and the banking institution Société Nationale de Crédit et d’Investissement (SNCI). The funding will accelerate the company’s technical advancements with the aim of launching the first commercial asteroid prospecting mission by 2020.

Planetary Resources’ Arkyd 6 is equipped with the first commercially licensed mid-wave infrared imager, an essential tool for detecting water on asteroids. Two spacecraft are completed and will test this technology on orbit. Planetary Resources’ President & CEO Chris Lewicki and Luxembourg’s Deputy Prime Minister Etienne Schneider pictured with the Arkyd 6 in Planetary Resources’ clean room facility in Redmond, Washington.

Continue reading “Planetary Resources And The Government Of Luxembourg Announce €25 Million Investment and target 2020 asteroid mining mission” »

“Among policy makers alert for signs of the next financial disaster, Italy’s mountain of uncollectable bank debt is a subject discussed in tones ordinarily reserved for piles of plutonium.”

Read more

““They ‘got’ the business, and they took the time to go deep,” Mr. Vogt said.”

Read more

SALT LAKE CITY, Nov. 14, 2016 /PRNewswire/ IBM (NYSE: IBM) and NVIDIA (NVDA)today announced collaboration on a new deep learning tool optimized for the latest IBM and NVIDIA technologies to help train computers to think and learn in more human-like ways at a faster pace.

Deep learning is a fast growing machine learning method that extracts information by crunching through millions of pieces of data to detect and rank the most important aspects from the data. Publicly supported among leading consumer web and mobile application companies, deep learning is quickly being adopted by more traditional business enterprises.

Deep learning and other artificial intelligence capabilities are being used across a wide range of industry sectors; in banking to advance fraud detection through facial recognition; in automotive for self-driving automobiles and in retail for fully automated call centers with computers that can better understand speech and answer questions.

Continue reading “IBM and NVIDIA Team Up on World’s Fastest Deep Learning Enterprise Solution” »

Telegram has announced the first winners of its bot competition. The BotPrize was announced in April and will see $1 million awarded to developers of the best Telegram bots submitted. The first winners come from the worlds of photo-editing, productivity, games, dating and finance.

Telegram is a messaging service with a focus on speed and security. Launched in 2013, it is cloud-based, meaning that user content syncs instantly across the platforms on which the service can be used, including PC, Mac, Linux, Android, iOS and Windows Phone.

The firm’s BotPrize will help to increase the number of bots available on the service and accelerate the speed with which the number is increased. For the uninitiated, bots are effectively apps in themselves with which users can interact via messaging. They typically run inside messaging apps such as Facebook Messenger or, in this instance, Telegram.

Whenever cybersecurity is discussed, the topic of biometric authentication rises alongside it as a better, more effective, more secure method of security. But is it? Do biometrics actually provide a safer way to complete purchase transactions online?

“Biometrics are a device-specific authentication method,” said Madeline Aufseeser, CEO of online fraud prevention company Tender Armor, of the ways biometric authentication is presently used to secure a digital purchase transaction (as opposed to logging into a bank’s web site, to view an account or transfer money). “Typically the same biometric method does not work across multiple purchasing channels today. The fingerprint used to make a purchase with a smartphone cannot necessarily be used to authenticate a phone order purchase or purchase made with a computer. When you confirm [a purchase transaction] with your fingerprint on a smartphone, all that’s saying is that’s the same fingerprint that’s allowed to use this phone, or the specific application on the phone. Because the fingerprint is only resident and stored on the phone, the phone is authenticating itself, not the cardholder conducting the transaction.”

This sounds a little odd compared to what we might have heard about the capabilities of biometrics previously, mainly because it goes against a core assumption: that a biometric identifier (like a fingerprint) goes with transactional data, from the phone or device, to the payment processor, to the merchant.

Continue reading “Biometric Security Gains Popularity, But Is Far from Foolproof” »

“Fintech lenders deserve their own valuation method, and I believe it should be a gross profit multiple.”

Read more

2 November 2016. Two companies partnering with Auburn University developed a synthetic virus to find and destroy tumor cells in a type of bone cancer in dogs. Financial and intellectual property aspects of the agreement between synthetic gene company Gen9 in Cambridge, Massachusetts, design systems developer Autodesk Inc. in San Rafael, California, and Auburn University College of Veterinary Medicine in Alabama were not disclosed.

The research team created a synthetic version of canine adenovirus type 2, or CAV2, a virus usually associated with hepatitis in dogs. In this case, the synthetic CAV-2 virus is designed as an oncolytic virus that finds and attacks cancer cells, while leaving healthy cells and tissue intact. The genome in the organism is believed to be the longest in a functional virus synthesized for cancer research, with about 34,000 base pairs of nucleic acids. The human genome, by comparison, has about 3 billion base pairs.

The technology provided by Gen9 in this project makes it possible to eventually produce synthetic therapeutic viruses tailored for specific patients. Gen9 offers customized gene synthesis and is developing a library of synthesized proteins and antibodies. One of the 4 year-old company’s founders is George Church, a geneticist at Harvard Medical School and serial entrepreneur. In August 2016, as reported in Science & Enterprise, Church and colleagues, including those from Gen9, developed a synthetic E. coli bacteria genome with redundant DNA components removed.