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Archive for the ‘finance’ category: Page 81

Feb 14, 2021

In Nevada desert, a technology firm aims to be a government

Posted by in categories: biotech/medical, bitcoin, cryptocurrencies, finance, government, law enforcement

CARSON CITY, Nev. (AP) — In the Nevada desert, a cryptocurrency magnate hopes to turn dreams of a futuristic “smart city” into reality. To do that, he’s asking the state to let companies like his form local governments on land they own, which would grant them power over everything from schools to law enforcement.

Jeffrey Berns, CEO of Nevada-based Blockchains LLC, envisions a city where people not only purchase goods and services with digital currency but also log their entire online footprint — financial statements, medical records and personal data — on blockchain. Blockchain is a digital ledger known mostly for recording cryptocurrency transactions but also has been adopted by some local governments for everything from documenting marriage licenses to facilitating elections.

The company wants to break ground by 2022 in rural Storey County, 12 miles (19 kilometers) east of Reno. It’s proposing to build 15000 homes and 33 million square feet (3 million square meters) of commercial and industrial space within 75 years. Berns, whose idea is the basis for draft legislation that some lawmakers saw behind closed doors last week, said traditional government doesn’t offer enough flexibility to create a community where people can invent new uses for this technology.

Feb 10, 2021

Flip-Flops Made From Plants And Algae Can Help Reduce Plastic Pollution | World Wide Waste

Posted by in categories: business, finance, food, sustainability

Flip flops from plants. 😃


Researchers at the University of California San Diego have figured out how to turn algae into flip flops. They founded a startup to sell the shoe, but face a challenge in getting their invention mass produced: There aren’t enough algae farms to support the startup’s supply chain.

Continue reading “Flip-Flops Made From Plants And Algae Can Help Reduce Plastic Pollution | World Wide Waste” »

Jan 30, 2021

What are hedge funds, and how did they (accidentally) cause GameStop’s massive surge?

Posted by in category: finance

What’s driving GameStop’s astronomical surge is an unusual battle between Reddit nerds and Wall Street’s billion-dollar hedge funds. But what is a “hedge fund”, you may ask? We explain it all (very simply) here.

Jan 28, 2021

This is why mental health should be a political priority

Posted by in categories: finance, neuroscience

It’s an age-old question: does money make us happier? The answer, it seems, is yes, when it comes to the links between poverty and poor mental health. The good news is that, according to a new study, targeted financial support and low-cost therapeutic interventions can help.

Jan 26, 2021

Wingcopter raises $22 million to expand to the US and launch a next-generation drone

Posted by in categories: biotech/medical, drones, finance

German drone technology startup Wingcopter has raised a $22 million Series A – its first significant venture capital raise after mostly bootstrapping. The company, which focuses on drone delivery, has come a long way since its founding in 2017, having developed, built and flown its Wingcopter 178 heavy-lift cargo delivery drone using its proprietary and patented tilt-rotor propellant mechanism, which combines all the benefits of vertical take-off and landing with the advantages of fixed-wing aircraft for longer-distance horizontal flight.

This new Series A round was led by Silicon Valley VC Xplorer Capital, as well as German growth fund Futury Regio Growth. Wingcopter CEO and founder Tom Plümmer explained in an interview that the addition of an SV-based investor is particularly important to the startup, since it’s in the process of preparing its entry into the U.S., with plans for an American facility, both for flight testing to satisfy FAA requirements for operational certification, as well as eventually for U.S.-based drone production.

Wingcopter has already been operating commercially in a few different markets globally, including in Vanuatu in partnership with Unicef for vaccine delivery to remote areas, in Tanzania for two-way medical supply delivery and in Ireland where it completed the world’s first delivery of insulin by drone beyond visual line of sight (BVLOS), the industry’s technical term for when a drone flies beyond the visual range of a human operator who has the ability to take control in case of emergencies.

Jan 25, 2021

Jeff Bezos Is Backing an Ancient Kind of Nuclear Fusion

Posted by in categories: finance, nuclear energy

This tech could be more practical than tokamaks.


Two competing nuclear fusion companies, each with venture capital superstars as major investors, say we’re approaching the “Kitty Hawk moment” for their technology as early as 2025.

Jan 18, 2021

He may hold the winning ticket in tech and Silicon Valley knows it

Posted by in categories: business, education, finance, food, health

We are creating compelling homegrown solutions in education, health care, agriculture, infrastructure, financial services and new commerce,” Ambani said in his speech. “Each of these solutions, once proven in India, will be offered to the rest of the world to address global challenges.


Mukesh Ambani has spent years trying to turn his inherited oil business into a tech empire. In 2020, that pivot really kicked into overdrive.

Jan 13, 2021

Engineers observe avalanches in nanoparticles for the first time

Posted by in categories: biotech/medical, chemistry, engineering, finance, nanotechnology, quantum physics

Researchers at Columbia Engineering report today that they have developed the first nanomaterial that demonstrates “photon avalanching,” a process that is unrivaled in its combination of extreme nonlinear optical behavior and efficiency. The realization of photon avalanching in nanoparticle form opens up a host of sought-after applications, from real-time super-resolution optical microscopy, precise temperature and environmental sensing, and infrared light detection, to optical analog-to-digital conversion and quantum sensing.

“Nobody has seen avalanching behavior like this in nanomaterials before,” said James Schuck, associate professor of mechanical engineering, who led the study published today by Nature. “We studied these new nanoparticles at the single-nanoparticle level, allowing us to prove that avalanching behavior can occur in nanomaterials. This exquisite sensitivity could be incredibly transformative. For instance, imagine if we could sense changes in our chemical surroundings, like variations in or the actual presence of molecular species. We might even be able to detect coronavirus and other diseases.”

Avalanching processes—where a cascade of events is triggered by series of small perturbations—are found in a wide range of phenomena beyond snow slides, including the popping of champagne bubbles, nuclear explosions, lasing, neuronal networking, and even financial crises. Avalanching is an extreme example of a nonlinear process, in which a change in input or excitation leads to a disproportionate—often disproportionately large—change in output signal. Large volumes of material are usually required for the efficient generation of nonlinear optical signals, and this had also been the case for avalanching, until now.

Jan 11, 2021

DARPA Selects Teams to Capture Potable Water from Air

Posted by in categories: climatology, engineering, finance, government, military

Atmospheric Water Extraction (AWE) performers aim to meet clean water needs of deployed troops, even in austere environments.

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Jan 7, 2021

Elon Musk is now the richest person in the world, passing Jeff Bezos

Posted by in categories: Elon Musk, finance

Elon Musk just became the richest person in the world, with a net worth of more than $185 billion.

Thursday’s increase in Tesla’s share price pushed Musk past Jeff Bezos, who had been the richest person since 2017 and is currently worth about $184 billion. Musk’s wealth surge over the past year marks the fastest rise to the top of the rich list in history — and is a dramatic financial turnaround for the famed entrepreneur who just 18 months ago was in the headlines for Tesla’s rapid cash burn and his personal leverage against the company’s stock.

Musk started 2020 worth about $27 billion, and was barely in the top 50 richest people.

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