Business and Longevity…
Jim Mellon, Burnbrae Group founder, discussed the biggest risks facing central banks with Bloomberg’s Francine Lacqua Oct. 4 on “Bloomberg Surveillance.” (Source: Bloomberg)
Jim Mellon and Al Chalabi are back with another successful venture into the world of science investment. Following their acclaimed 2012 book “Cracking the code”, whose spotlight was on the life sciences industry, Juvenescence takes us on a compelling journey through the dawning market of longevity and rejuvenation biotechnology, which the authors predict will be the biggest “money fountain” to hit the financial world in the coming years.
Juvenescence is a visionary book, debunking the sometimes questionable past of longevity research and steering us towards a ‘brave new world’ in which advances in medicine are already leading to clinical trials whose aim is to extend human lifespan to unprecedented levels.
Mellon and Chalabi come across as eloquent devotees of cold, hard science, and for a book targeted primarily at investors, biologists and experts will be hard-pressed to find inaccuracies in the many heavily technical sections. The authors explain the science of aging in an engaging and accessible manner, bridging the gap between the lab and the public with ease and tact. They employ elegant metaphors to explain complex processes as well as some light-hearted ones, including the “Deadly Quintet”, which reads more like the title of a long-lost Tarantino film, or the “Actuarial Escape Velocity”, a reference to the controversial “Longevity Escape Velocity” promoted by Aubrey de Grey. Mellon and Chalabi use state-of-the-art research whenever possible, with recent, fresh-from-the-lab studies making up the majority of sources.
Only two years ago, when I launched my advocacy website Rejuvenaction, I didn’t think I would read a book like Juvenescence so soon; yet, the topic of rejuvenation biotechnologies has already become mainstream enough to lead investors of the calibre of Jim Mellon and Al Chalabi to devote a whole book to it.
As Juvenescence is a book aimed at potential new investors in rejuvenation biotechnologies, I expected it to be an extremely technical and detailed account of things I don’t understand, such as finance, markets, and funds. To my delight, this was not the case. Rather, the details Juvenescence dives into are primarily those of the emerging field of rejuvenation science (alas, still something whose details I don’t fully understand).
The book explains the paradigm shift that is currently taking place and changing the way science sees aging—no longer as an inevitable fact of life but rather as a disease to be eradicated like any other—and goes through a biology 101 crash course for the benefit of readers who might be not too well versed in the science of life.
In addition to Deloitte, the other remaining big-four accounting firms – including EY, KPMG and PwC – have introduced the technology-driven services in China to businesses ranging from banking, technology, and consumer services.
Mainland based accountants are embracing automation to lower office administration costs and enhance efficiency, moves which are opening the door to a wider embrace of artificial intelligence (AI).
Delixi Electric, a manufacturer of low-voltage electrical products, is banking on robotics to trim time needed for tax invoice issuance by 75 per cent. The Zhejiang province-based company needs to issue more than 5,000 value-added-tax invoices to more than 600 clients nationwide monthly.
A human needs 20 minutes to issue each invoice, which entails information collection, verification and recording. However, the same work can be done in five minutes by a robot, according to Deloitte, the robot supplier.
https://youtube.com/watch?v=4eRMBmS5Xfc
Ariadna Font Llitjós of IBM Emerging Technology, Director of Emerging Technology Experiences at IBM Experiences, moderated the MIT Venture Capital + Innovation Conference at the MIT Sloan School of Management on June 2017. The main question of this panel was “What do Machine Learning and Artificial Intelligence mean for our future?”
Experts * S. Somasegar of Madrona Venture Group * Karl Iagnemma of NuTonomy, CEO of Nutonomy and Principal Research Scientist at MIT * Gareth Keane of Qualcomm Ventures * Saikat Dey of GuardHat, Co-Founder of GuardHat.
It used to be banks, but now it is tech giants that dominate the US lobbying industry. Can money buy them what they want: less competition, less tax … and more data?
By Olivia Solon in San Francisco and Sabrina Siddiqui in Washington
Hyder Jaffrey, head of strategic funding and fintech innovation at UBS, stated: “We have been in discussions with central banks and regulators and we will continue that over the next 12 months with the aim of a limited ‘go live’ at the back end of 2018.”
‘Utility settlement coin’ aims to launch next year for blockchain settlements.
Work isn’t working anymore. Labour productivity has fallen in the UK since the financial crisis; 13.5 million people are living in low-income households; real wages are falling and the Gini coefficient, which measures inequality, is rising.
The sustainability and quality of jobs in our economy is also decreasing – 7.1 million workers now face precarious working conditions, meaning that uncertainty (and for many, anxiety) itself is now built into our employment system. According to some estimates, 30 per cent of UK jobs could potentially be automated away by the early 2030s. Depending on the sector, this will mean a remarkable reduction of required hours of human labour. With less work to go around, we will find ourselves in heightened competition with machines and each other, ever more desperate for stability.
Is this our only future? No. But in order to change it and move beyond this crisis, we first need to confront our very conception of work. For a long time we have thought of work as a matter of individual choice – a free, private agreement between a single person and an employer. You, the thinking goes, are free to pick whatever job you like as long as the employer is happy to have you on board and there are a sufficient number of jobs created by the free market.
The Department of Homeland Security and FBI issued a new warning on Wednesday that North Korean government hackers are continuing to target critical U.S. infrastructure for cyber attacks.
A technical report by DHS’ National Cyber Awareness System reveals details of the tools and cyber methods being used by North Korean government hackers.
The alert said the North Korean government is using the cyber tools to “target the media, aerospace, financial, and critical infrastructure sectors in the United States and globally.”