Lifeboat Foundation: Safeguarding Humanity
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Category: finance

This is an article from 2014, but it’s interesting — especially for why phishing emails are so lame. Money quote:

‘The answer is that the implausibility is a useful tool for the scammers. An entirely believable email would get millions of people falling for the bait – most of whom would catch on later when the scammers started requesting private banking details. This way, the fraudsters can avoid wasting their time on no-hopers, knowing that any replies they do receive are … See More.

Maybe your bank wants you to update your password; maybe a new Facebook friend wants to show you a funny web page. Maybe a Nigerian lawyer wants to pass on a legacy from a long-lost relative.

What all of these people are really after, of course, are your password, bank details and, ultimately money. Such phishing scams, says Microsoft, are costing the world as much as $5bn a year. For some reason, the UK is a favourite hunting ground for the phishers: here, says security firm Proofpoint, unsolicited email is almost three times more likely to contain a malicious link than in the US.

But who falls for these scams? Well, you do. While it’s easy to assume that only the technologically illiterate will be vulnerable, new research shows that in fact the reverse is true.

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When we came out of the financial crisis of 2008, cloud computing kicked into high gear and started to become a pervasive, transformational technology. The current COVID-19 crisis could provide a similar inflection point for AI applications. While the implications of AI continue to be debated on the world stage, the rapid onset of a global health crisis and concomitant recession will accelerate its impact.

Times of crisis bring rapid change. Efforts to harness AI technologies to discover new drugs – either vaccine or treatment – have kicked into hyperdrive. Startups are racing to find solutions and established companies are forming partnerships with academia to find a cure. Other companies are researching existing drugs for their potential applicability. AI is proving a useful tool for dramatically reducing the time needed to identify potential drug candidates, possibly saving years of research. AI uses already put into action are screening for COVID-19 symptoms, decision support for CT scans, and automating hospital operations. A variety of healthcare functions have started to be performed by robots, from diagnosis to temperature monitoring.

Whatever the new normal becomes in the aftermath of the current crisis, it’s apparent that AI will be an even larger part of the technology landscape going forward — and not only for healthcare.

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Sarcos Robotics, a startup developing robots for industrial and defense applications, today nabbed $40 million in equity financing, bringing its total venture capital raised to nearly $100 million. The company plans to use the capital to commercialize its first full-body, self-powered product — the Guardian XO — ahead of an anticipated 2021 ship date.

According to a 2020 Grand View Research report, the exoskeleton market could be worth $4.2 billion by 2027. The firm sees adoption growing steeply in health care, where exoskeletons could address the increased prevalence of spinal cord injuries in industries like security, disaster recovery, infrastructure inspection and maintenance, maritime, oil and gas, and mining. The National SCI Statistical Center reported 17,730 new spinal cord injuries in 2019 in the U.S. alone.

Sarcos spun out from the University of Utah in 1983 and for years operated as a bioengineering research institution. By 2000, the lab had expanded into segments like animated film props, prostheses, and human-computer interfaces. A DARPA grant to develop a military exoskeleton steered Sarcos toward defense applications. After DARPA accepted Sarcos’ proposal in 2006, the company began developing prototypes and contracted with the U.S. Navy to pilot salvage robots.

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Reliable Robotics, a startup developing autonomous flight technologies, this week emerged from stealth with $33.5 million in venture capital funding. Cofounder and CEO Robert Rose says the funds will be used to scale production of the company’s products and bring on new engineering talent.

Aviation companies pursuing autonomous transportation include Uber, Boeing, and Honeywell. According to management consulting firm Oliver Wyman, replacing single-pilot operations with autonomous planes could save airlines as much as $60 billion annually. Pandemic headwinds have only reinvigorated the search for cost-cutting opportunities, as Statista estimates airlines will lose at least $314 billion in revenue in 2020.

Looking to expedite their path to market, companies like Xwing, Airbus, and Elroy Air have explored retrofitting existing aircraft rather than developing hardware from scratch. Reliable Robotics, which was founded in 2017 by Rose and VP of engineering Juerg Frefel, aims to develop a platform that imbues any fixed-wing plane with autonomous capabilities.

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Corrinne Graham (Economic financial analyst, Space Renaissance USA) interviewed Gregg Maryniak, about his history, motivation and aims to inspire young generations to find their way to the outer space. Gregg is the co-founder, together with Peter Diamandis, of the X-Prize Foundation. The X-Prize is recognized, by the space community, as the initiative that triggered the New Space revolution, by demonstrating that the low cost access to space was feasible and mature. He was the Executive Director of the Space Studies Institute, founded by Gerard O’Neill in Chicago, US. He’s on the Board of Directors of the Singularity University and keeps on restlessly working to inspire and motivate youngs, students and public opinion at large, explaining why human expansion into space is needed and very urgent, in order not to miss our “launch window”. During the conversation, we acknowledged that we agree on many points, all of them primary relevant to the survival and continued progress of civilization. Namely the common appreciation for the O’Neill’s model, that gives priority and preference to artificial rotating structures – the “space colonies” – since they assure 1G artificial gravity. Also, we are 100% in tune about the extreme urgency of kicking-off civilian expansion into outer space, and the subsequent need to make people to understand it. The big risk – said Gregg — is to miss our launch window, the period in which social and economic conditions are favorable to begin really moving into space. When I asked him whether he thinks that humanity is doing everything that is to be done, and if we are in time, on our evolutionary road to space, his answer was a clear “NO”. So we understood that we also agree on the most urgent technology advances to be raised as priority: the enabling technologies, necessary to bring untrained civilians to travel, live and work in space. Namely low acceleration vehicles, protection against cosmic radiations, artificial gravity, green environments and artificial ecosystems in space habitats. Gregg is a great achievement indeed, in our SR Academy Mentorship Programme. After this first meeting, we’ll try to hold other ones, properly announced on social networks, with the target to bring the above discussion to large public opinion. Stay in tune! https://spacerenaissance.space/gregg-maryniak-interviewed-by-corrinne-graham-for-space-renaissance-academy-mentorship-programme/

CHECK THE SPACE RENAISSANCE ACADEMY MENTORSHIP PROGRAM! https://spacerenaissance.space/the-space-renaissance-academy-mentorship-programme/ Students: choose some theme(s) for your graduation theses or Ph.D https://spacerenaissance.space/themes-for-graduate-works/ Mentors: choose your favorite disciplines on which you can provide mentorship https://spacerenaissance.space/mentorship-disciplines/

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An international leader in quantum computing, architect of the U.S. National Quantum Initiative, and member of the National Academy of Sciences, Chris Monroe will join longtime long-distance collaborators at Duke to build practical quantum computers for use in fields from finance to pharmaceuticals.

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Federal Reserve Governor Lael Brainard provided a broad description of the Fed’s ongoing research and plans in the potential development of a U.S. central bank digital currency (CBDC), also described in the U.S. as a Digital Dollar. Brainard, who has for years led the discussion at the Fed on distributed ledger technology and digital currencies, noted the Fed is active in conducting research and experimentation in these areas.

In her speech to during Federal Reserve ‘Innovation Office Hours’ at the Federal Reserve Bank of San Francisco today, Brainard noted, “Given the dollar’s important role, it is essential that the Federal Reserve remain on the frontier of research and policy development regarding CBDCs. As part of this research, central banks are exploring the potential of innovative technologies to offer a digital equivalent of cash…We are continuing to assess the opportunities and challenges of, as well as the use cases for, a CBDC, as a complement to cash and other payments options.”

Brainard described ‘in-house experiments’ at the ‘Board Technology Lab’, where a multidisciplinary team of application developers from the Federal Reserve Banks of Cleveland, Dallas, and New York helps support a policy team at the Board studying the “implications of digital currencies on the payments ecosystem, monetary policy, financial stability, banking and finance, and consumer protection.”

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On March 11, 2011, a 9.1-magnitude earthquake triggered a powerful tsunami, generating waves higher than 125 feet that ravaged the coast of Japan, particularly the Tohoku region of Honshu, the largest and most populous island in the country.nnNearly 16,000 people were killed, hundreds of thousands displaced, and millions left without electricity and water. Railways and roads were destroyed, and 383,000 buildings damaged—including a nuclear power plant that suffered a meltdown of three reactors, prompting widespread evacuations.nnIn lessons for today’s businesses deeply hit by pandemic and seismic culture shifts, it’s important to recognize that many of the Japanese companies in the Tohoku region continue to operate today, despite facing serious financial setbacks from the disaster. How did these businesses manage not only to survive, but thrive?nnOne reason, says Harvard Business School professor Hirotaka Takeuchi, was their dedication to responding to the needs of employees and the community first, all with the moral purpose of serving the common good. Less important for these companies, he says, was pursuing layoffs and other cost-cutting measures in the face of a crippled economy.nn

As demonstrated after the 2011 earthquake and tsunami, Japanese businesses have a unique capability for long-term survival. Hirotaka Takeuchi explains their strategy of investing in community over profits during turbulent times.

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