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Oct 6, 2021

Microsoft to launch financial services cloud on November 1, 2021

Posted by in categories: finance, health

Microsoft has confirmed that its financial services-focused industry cloud will be officially available on November 1 2021.

The news comes eight months after the company revealed it was launching three new industry clouds this year — for manufacturing, not-for-profits, and financial services. Today’s announcement means the financial-focused cloud is the first of the three to receive an official launch date, though Microsoft has previously introduced an industry cloud for health care and its retail-focused incarnation currently sits in public preview.

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Oct 2, 2021

Kimberly A Reed — Fmr EXIM Chairman / President — Stimulating STEM & Securing U.S. High-Tech Economy

Posted by in categories: biotech/medical, business, economics, finance, food, government, health, internet, robotics/AI

Stimulating STEM Innovation & Securing U.S. High-Tech Economy — Kimberly A. Reed, Fmr President and Chairman Export-Import Bank of the United States.


Kimberly A. Reed just finished up a 2-year term as President and Chairman of the Board of Directors of the Export-Import Bank of the United States (EXIM — https://www.exim.gov). She was the first woman to lead EXIM in the agency’s 87-year history, was the first recipient of EXIM’s highest honor, the Franklin D. Roosevelt Award, and was confirmed by the U.S. Senate in 2019 on a strong bi-partisan basis.

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Oct 1, 2021

What you should know about working with corporate venture investment committees

Posted by in categories: business, finance

With global corporate-venture-capital-backed (CVC) funding reaching $79 billion across 2,099 deals in the first half of 2,021 according to CB Insights, the chances are high that startups will find great opportunities with this growing investor set.

Entrepreneurs, however, are likely to discover that the investment process can be different for CVCs compared to private venture capital firms. While both types of investment firms tend to make decisions via an investment committee (IC), private VCs (inclusive of VCs with corporate backers that have an independent LPA structure) make up their ICs with firm partners and/or other venture-minded people.

But for CVCs investing off a corporate balance sheet, the IC can include corporate-minded people, such as the CEO or business unit leaders, who generally tend to be detached from the venture mindset and the requirements for operating in the VC world. As such, entrepreneurs will realize that a successful CVC investment decision tends to have different requirements compared to a private VC firm’s decision.

Sep 30, 2021

3D-printed rocket engines: The technology driving the private sector space race

Posted by in categories: 3D printing, finance, space travel

The volatile nature of space rocket engines means that many early prototypes end up embedded in dirt banks or decorating the tops of any trees that are unfortunate enough to neighbor testing sites. Unintended explosions are in fact so common that rocket scientists have come up with a euphemism for when it happens: rapid unscheduled disassembly, or RUD for short.

Every time a rocket engine blows up, the source of the failure needs to be found so that it can be fixed. A new and improved engine is then designed, manufactured, shipped to the test site and fired, and the cycle begins again — until the only disassembly taking place is of the slow, scheduled kind. Perfecting rocket engines in this way is one of the main sources of developmental delays in what is a rapidly expanding space industry.

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Sep 30, 2021

Powered document processing platform Zuva raises $20M

Posted by in category: finance

Zuva, a document processing startup spun out from Kira Systems, has raised $20 million in venture capital.

Sep 30, 2021

United Health Centers reportedly compromised

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

A ransomware gang called Vice Society claims it grabbed confidential data such as patient benefits, financial documents and lab results.

Another health care provider has apparently been the victim of a ransomware attack that exposed private patient information and other sensitive data. A ransomware group known as Vice Society has claimed responsibility for an August attack against United Health Centers that allegedly impacted all of its locations. The incident reportedly led to the theft of patient data and forced the organization to shut down its entire network, BleepingComputer reported on Friday.

Sep 29, 2021

Can China really be on Mars before SpaceX or NASA?

Posted by in categories: 3D printing, cryptocurrencies, finance, media & arts, space travel

What do you think Chris Smedley.


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Sep 22, 2021

Deploying Artificial Intelligence At The Edge

Posted by in categories: biotech/medical, climatology, finance, robotics/AI

From ecosystem development to talent, much effort is still required for practical implementation of edge AI.

By Pushkar Apte and Tom Salmon

Rapid advances in artificial intelligence (AI) have made this technology important for many industries, including finance, energy, healthcare, and microelectronics. AI is driving a multi-trillion-dollar global market while helping to solve some tough societal problems such as tracking the current pandemic and predicting the severity of climate-driven events like hurricanes and wildfires.

Sep 19, 2021

Crypto’s Next Big Thing: Decentralized Finance Takes On Wall Street

Posted by in categories: bitcoin, business, cryptocurrencies, finance, internet, space

What would a world without banks look like? The answer may lie in decentralized finance.

Decentralized finance is an emerging ecosystem of financial applications and protocols built on blockchain technology with programmable capabilities, such as ethereum and solana. The transactions get executed automatically through smart contracts on the blockchain, which includes the agreement of the deal.

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Sep 8, 2021

Scientists develop AI to predict the success of startup companies

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

A study in which machine-learning models were trained to assess over 1 million companies has shown that artificial intelligence (AI) can accurately determine whether a startup firm will fail or become successful. The outcome is a tool, Venhound, that has the potential to help investors identify the next unicorn.

It is well known that around 90% of startups are unsuccessful: Between 10% and 22% fail within their first year, and this presents a significant risk to venture capitalists and other investors in early-stage companies. In a bid to identify which companies are more likely to succeed, researchers have developed trained on the historical performance of over 1 million companies. Their results, published in KeAi’s The Journal of Finance and Data Science, show that these models can predict the outcome of a with up to 90% accuracy. This means that potentially 9 out of 10 companies are correctly assessed.

“This research shows how ensembles of non-linear machine-learning models applied to have huge potential to map large feature sets to business outcomes, something that is unachievable with traditional linear regression models,” explains co-author Sanjiv Das, Professor of Finance and Data Science at Santa Clara University’s Leavey School of Business in the US.

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