The nation of Singapore is planning to implement a digital identity programme that is inspired by the one in Estonia.
The aim of the programme is to revamp its current national IDs, potentially allowing citizens simpler access to government services, financial transactions, and more.
According to the country’s prime minister Lee Hsien Loong, Singapore is not “going as fast as we ought to” in its drive to implement digital solutions and improving in areas such as electronic payment and transportation, news portal Today Online reported.
Na JPMorgan Chase & Co., uma máquina de aprendizagem está analisando os acordos financeiros que antes mantinham equipes jurídicas ocupadas por milhares de horas.
O programa, chamado COIN, para o Contrato de Inteligência, faz a tarefa de interpretar acordos de empréstimo comercial que, até que o projeto foi lançado em junho, consumiu 360 mil horas de trabalho por ano por advogados e agentes de crédito. O software revê os documentos em segundos, é menos propenso a erros e nunca pede férias.
No que diz respeito à COIN, o programa ajudou a JPMorgan a reduzir os erros de manutenção de empréstimos, a maioria resultante de erro humano na interpretação de 12.000 novos contratos por ano, de acordo com os seus criadores.
Wall Street is a Darwinian battle for the almighty dollar. But Richard Craib thinks his AI-powered hedge fund will soar if everyone can just get along.
From digital currency to machine learning, the financial industry is being rocked by exponential technologies. Blockchain, artificial intelligence, big data, robotics, quantum computing, crowdfunding, and computing systems are allowing startups to solve consumer needs in new ways.
The downfall of the world’s largest institutions may not be imminent, but these new technologies are breaking up the previously rock solid foundation of finance, and allowing the fintech world to spring through the cracks. What’s happening now will rewrite the future of finance for years to come. By recognizing this reality and planning for it now, financial professionals can learn to thrive in an increasingly uncertain global economy.
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Our society has never aged more rapidly – one of the most visible symptoms of the changing demographics is the exponential increase in the incidence of age-related diseases, including cancer, cardiovascular diseases and osteoarthritis. Not only does aging have a negative effect on the quality of life among the elderly but it also causes a significant financial strain on both private and public sectors. As the proportion of older people is increasing so is health care spending. According to a WHO analysis, the annual number of new cancer cases is projected to rise to 17 million by 2020, and reach 27 million by 2030. Similar trends are clearly visible in other age-related diseases such as cardiovascular disease. Few effective treatments addressing these challenges are currently available and most of them focus on a single disease rather than adopting a more holistic approach to aging.
Recently a new approach which has the potential of significantly alleviating these problems has been validated by a number of in vivo and in vitro studies. It has been demonstrated that senescent cells (cells which have ceased to replicate due to stress or replicative capacity exhaustion) are linked to many age-related diseases. Furthermore, removing senescent cells from mice has been recently shown to drastically increase mouse healthspan (a period of life free of serious diseases).
Here at CellAge we are working hard to help translate these findings into humans!
CellAge, together with a leading synthetic biology partner, Synpromics, is going to develop synthetic promoters which are specific to senescent cells (SeneSENSE), as promoters that are currently being used to track senescent cells are simply not good enough to be used in therapies. The most prominently used p16 gene promoter has a number of limitations, for example. As our primary mission is to expand the interface between synthetic biology and aging research as well as drive translational research forward, we will offer senescence reporter assay to academics for free. We predict that in the very near future this assay will be also used as a quality control step in the cell therapy manufacturing process to make cell therapies safer!
Of course it will; and already been tested in some institutions.
Could quantum computing change the way we look at Financial Services? Frederik Kerling, Business Consultant at Atos, considers its impact in this piece of speculative fiction.
Over the past week, the White House appointed five new senior National Security Council staff officials. Two in particular signify the emerging and disruptive influence Billionaire tech investor Peter Thiel could have on U.S. national security and how he might bring his venture capital perspective — visionary but unconventional leaders, big bets on disrupting established industries — to national security.
Kevin Harrington, a Thiel acolyte, has been named Deputy Assistant to the President for strategic planning. Since early December, Harrington served on the Trump “landing team” at the Commerce Department, where his job was to help hire people for open positions and identify policy priorities. Before that, he worked at hedge funds started by Thiel. Michael Anton, a former executive at an investment management firm and speechwriter, was named Deputy Assistant to the President for Strategic Communications, virtually the same job that Obama advisor Ben Rhodes held. POLITICO reports that he received the position “thanks to an entree from Thiel.”
The Harrington appointment is unusual for a couple of reasons. First, the elevation of this position to “Deputy Assistant to the President,” the second highest rank within the White House, suggests that Harrington will have a larger role than his predecessors. Although the strategic planning office is one of the most important at the NSC, it is typically staffed by a lean team of forward thinkers and the head of the office is ranked accordingly.
The bottom-line why folks are investing so much in QC is frankly because it means you will be behind everyone else who has adopted a superior infrastructure. As a consumer, if I can use my private information to secure a loan or access my medical information without fear of exposure of my information as well as performance of my online media and other online services are 100 times faster than any known network service to date; it doesn’t take a brain surgeon to know what I will do,
And, banks, trading houses, etc. know this.
Thanks to the collaborative effort of an international team of scientists led by Professor Winfried Hensinger of the University of Sussex in UK, the world may have gotten one step closer to building the most powerful computer ever — a large-scale quantum computer capable of solving ultra-complex problems that will take a regular computer billions of years to solve.
Quantum computers work quite differently from conventional computers. Instead of typical computer ‘bits’ that can represent either the value ‘0’ or ‘1’, quantum computers use ‘qubits’ (short for quantum bits) that are capable of representing either ‘1’ or ‘0’, or both at the same time. This is made possible by the extraordinary property of qubits known as ‘superpositioning’ — the ability to exist as two different states at the same time.
Superpositioning is what allows quantum computers to effectively handle complex calculations simultaneously. But it is also this particular state that makes quantum computers difficult to build. That’s because an ion in superposition cannot be allowed to come into contact with anything from the outside given the fact that as soon as it does it loses its superposition state, reverting into just one state and consequently removing its ‘quantumness’ and its ability for super-computing.
Nice write up. What is interesting is that most folks still have not fully understood the magnitude of quantum and how as well as why we will see it as the fundamental ingredient to all things and will be key in our efforts around singularity.
When it comes to studying transportation systems, stock markets and the weather, quantum mechanics is probably the last thing to come to mind. However, scientists at Australia’s Griffith University and Singapore’s Nanyang Technological University have just performed a ‘proof of principle’ experiment showing that when it comes to simulating such complex processes in the macroscopic world quantum mechanics can provide an unexpected advantage.
Griffith’s Professor Geoff Pryde, who led the project, says that such processes could be simulated using a “quantum hard drive”, much smaller than the memory required for conventional simulations.
“Stephen Hawking once stated that the 21st century is the ‘century of complexity’, as many of today’s most pressing problems, such as understanding climate change or designing transportation system, involve huge networks of interacting components,” he says.
