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Nov 20, 2021

DeFi: Crypto’s ‘Wild West’ of Finance | WSJ

Posted by in categories: cryptocurrencies, finance, robotics/AI

Many are calling decentralized finance, or DeFi, the “Wild West of finance.” This fast-growing industry aims to provide automated banking services for cryptocurrencies to everyone, with no middle men. But DeFi is still in its early stages, which means there are risks. WSJ explains. Photo illustration: Tammy Lian/WSJ

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Nov 20, 2021

Paper shortage hits American retailers when they need it most

Posted by in categories: biotech/medical, finance

Skyrocketing demand for boxes and packing materials during the pandemic has slashed paper production across North America, and it couldn’t have come at a worse time for retail companies.

“We’re starting to hear, ‘We’re out of paper,’” said Polly Wong, president of San Francisco-based direct-marketing firm Belardi Wong, noting that some of her clients already missed their fall advertising campaigns due to issues at the printers. Wong estimates that 100 million catalogs will not be printed or reach U.S. homes in time for the year’s biggest spending season as a result. “It kind of put our industry up in a panic.”

With some mills converting to cardboard to meet the spike in e-commerce deliveries and others shutting down altogether, more than 2.5 million metric tons of North American printing and writing paper capacity — or nearly one-fifth of 2019 levels — has come offline since the start of last year. That’s according to Kevin Mason, managing director for ERA Forest Products Research, a financial research company that specializes in paper and forest products.

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Nov 20, 2021

Artificial Intelligence Is the New Science of Human Consciousness | Joscha Bach | Big Think

Posted by in categories: finance, robotics/AI, science

Artificial Intelligence Is the New Science of Human Consciousness.
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Can AI dream? Can it love? Can it “think” in the same way we do? The short answer is: no. AI doesn’t need to bog itself down with simple human tasks like love or dreams or fear. The AI brain posits itself in a much grander scale first and then works backwards to the more human way of thinking. Joscha Bach suggests that much rather than humanoid robots, we are more likely to see AI super-brains developed by countries and larger companies. Imagine a computer brain that is designed to keep the stock market balanced, or detect earthquakes an ocean away that could sound alarms on our shores… that sort of thing.

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Nov 18, 2021

XPrize announces first winners for Elon Musk’s $100-Million Carbon removal competition

Posted by in categories: Elon Musk, finance

The first prize money has been awarded in the largest XPrize competition ever held, with 23 student teams getting financial injections to further their carbon removal technology.

Among the winners are a variety of forward-thinking initiatives addressing the issue of rising carbon dioxide levels in the atmosphere, as well as those that seek to address more than one environmental issue at the same time.

The US$100 million Carbon Removal XPrize was launched in February with the goal of developing technology that can remove CO2 from the seas and the atmosphere.

Nov 17, 2021

Qualcomm to supply BMW with self-driving car chips

Posted by in categories: business, finance, mobile phones, robotics/AI, transportation

Qualcomm is diversifying from mobile phones, to supplying chips for BMW’s self-driving cars.

#News #Reuters #BMW #Qualcomm #SelfDriving.

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Nov 13, 2021

Food inflation is the next big threat to Canadians’ finances

Posted by in categories: finance, food

Food inflation could hit 6 per cent in the coming months. After that, it’s anyone’s guess.

Nov 6, 2021

Gwen Darien — EVP, Patient Advocacy and Engagement, National Patient Advocate Foundation

Posted by in categories: biotech/medical, finance, health, policy

EVP, patient advocacy & engagement, national patient advocate foundation.


Gwen Darien is Executive Vice President for Patient Advocacy and Engagement, at the National Patient Advocate Foundation (https://www.npaf.org/), an organization with a mission of bringing patient voices to health system delivery reform, developing and driving initiatives promoting equitable access to affordable quality health care, and prioritizing the patient voice in health system delivery reform to achieve person-centered care. She is also Executive Vice President at their sister organization, Patient Advocate Foundation (https://www.patientadvocate.org/), a national non-profit organization which provides case management services and financial aid to Americans with chronic, life threatening and debilitating illnesses.

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Nov 5, 2021

Chinese companies report alarming dip in profits as the perfect storm hits the Chinese economy

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

The Chinese economy has been hit by a perfect storm. In the third quarter of the ongoing financial year, official Chinese data revealed that GDP growth stood at 4.9 percent, down from 7.9 percent in the previous quarter. This decline in GDP growth is directly eating into profits of big Chinese companies.

Rising prices and low consumer spending create a perfect storm in the Chinese economy:

There are two broad factors that are affecting business earnings in China-raw material inflation and low consumer spending.

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Nov 4, 2021

China Is Permanently Damaging Its Marketplace

Posted by in category: finance

Talk of war, stagflation and rationing is eroding the country’s confidence and affecting the dynamics of its financial industry.

Nov 2, 2021

Partnership to Expand Effective Gene Therapies for Rare Diseases

Posted by in categories: biotech/medical, economics, finance, genetics

Rare diseases aren’t so rare. Collectively, up to 30 million Americans, many of them children, are born with one of the approximately 7,000 known rare diseases. Most of these millions of people also share a common genetic feature: their diseases are caused by an alteration in a single gene.

Many of these alterations could theoretically be targeted with therapies designed to correct or replace the faulty gene. But there have been significant obstacles in realizing this dream. The science of gene therapy has been making real progress, but pursuing promising approaches all the way to clinical trials and gaining approval from the U.S. Food and Drug Administration (FDA) is still very difficult. Another challenge is economic: for the rarest of these conditions (which is most of them), the market is so small that most companies have no financial incentive to pursue them.

To overcome these obstacles and provide hope for those with rare diseases, we need a new way of doing things. One way to do things differently—and more efficiently—is the recently launched Bespoke Gene Therapy Consortium (BGTC). It is a bold partnership of NIH, the FDA, 10 pharmaceutical companies, and several non-profit organizations [1]. Its aim: optimize the gene therapy development process and help fill the significant unmet medical needs of people with rare diseases.

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