Lifeboat Foundation

Frustrated by Europe’s lack of home-grown tech giants, Commission officials hope EIC will help small tech firms grow in Europe, instead of being lured away to Silicon Valley. “The aim here is to close the big gap that exists between Europe and the United States,” says Mark Ferguson, Ireland’s chief scientist and EIC board chair. But one challenge will be backing risky but promising startups without becoming “the financiers of last resort for all the failing companies that aren’t going to do very well,” says Christopher Tucci, a professor of technology management at the Swiss Federal Institute of Technology, Lausanne, who advised the Commission while it drafted Horizon Europe.

European Innovation Council buys shares in disruptive technology startups.

👏Europe’s largest economy is looking to make its post-virus recovery compatible with its ambition of becoming carbon-neutral by 2050.

The EU has similarly pledged to make its stimulus plan aligned with its climate commitments.

Germany’s green energy shift may get a financial shot in the arm when the impact of the coronavirus ebbs, according to a senior member of Chancellor Angela Merkel’s cabinet.

Continue reading “Germany Touts Green Stimulus in Post Covid-19 Policy Push” »

Seeqc, a startup that is part of a relatively new class of quantum computing companies that is looking at how to best use classical computing to manage quantum processors, today announced that it has raised $5 million from M Ventures, the strategic corporate venture capital arm of Merck, the German pharmaceutical giant. Merck will be a strategic partner for Seeqc and will help it to develop its R&D efforts to develop useful application-specific quantum computers.

With this, New York state-based Seeqc has now raised a total of $11 million, including a recent $6.8 million seed round that included BlueYard Capital, Cambium, NewLab and the Partnership Fund for New York City.

Since developing new pharmaceuticals is an obvious use case for quantum computing, it makes sense that large pharmaceutical companies are trying to get ahead of their competitors by making strategic investments in companies like Seeqc.

Advanced stages of dementia typically follow a series of muted symptoms patients might mistake for less serious conditions, like stress or sleep deprivation. In fact, according to a new study conducted by researchers from Duke University, many of us evidence one of the premiere red flags associated with the illness almost every day.

“There has been a misperception that financial difficulty may occur only in the late stages of dementia, but this can happen early, and the changes can be subtle,” explained senior author P. Murali Doraiswamy, MBBS, a professor of psychiatry and geriatrics at Duke University, in a media release.

The new paper, published in The Journal of Prevention of Alzheimer’s Disease, examines the cross-sectional relationship between dementia and financial management skills in the elderly. The strength of the report’s findings highlights how limited the diagnostic scope has been up until very recently.

Large banks are industry leaders adopting AI to stay ahead of competition, provide greater customer service to customers, more relevant services and offerings, as well as helping transform many back end processes. How is USAA adopting AI to help?

The Royal Society is to create a network of disease modelling groups amid academic concern about the nation’s reliance on a single group of epidemiologists at Imperial College London whose predictions have dominated government policy, including the current lockdown.

It is to bring in modelling experts from fields as diverse as banking, astrophysics and the Met Office to build new mathematical representations of how the coronavirus epidemic is likely to spread across the UK — and how the lockdown can be ended.

The first public signs of academic tensions over Imperial’s domination of the debate came when Sunetra Gupta, professor of theoretical epidemiology at Oxford University, published a paper suggesting that some of Imperial’s key assumptions could be wrong.

Are we in for the Big Short II? The cyclical nature of markets spells an eventual collapse of the real estate prices in the U.S. following the next global stock market meltdown and global recession which will be drastically different the next time around. For one, the coming collapse is about to start a secular declining trend in property values. Secondly, after the collapse, the prices of properties won’t be able to recover like they did after the previous “property market corrections.”

Why? I hope we all may agree that oil, for example, will never recover to all-time highs. Similar premises hold true for the existing home values. There are multiple major socio-economic structural changes on the horizon contributing to this permanent decline which is in the cards right now. Also, many conventional linear projections won’t even apply anymore.

THE NEXT “CYCLICAL” GLOBAL RECESSION — the world’s stock markets are the best indication of things to come in the economic milieu. The next financially engineered global recession may be the last effort by the capital-controlling elite of Wall Street to keep political and economic control over the global population and maintain the faltering capitalist system as long as possible;

Quantum computers will revolutionize information technology, ushering in an era where certain types of calculations will be performed with almost unimaginable speed. Practical applications will include healthcare disciplines such as molecular biology and drug discovery; big data mining; financial services such as portfolio analysis and fraud detection; and artificial intelligence and machine learning.

The federal government is helping to create an environment in which quantum computing innovation and experimentation can flourish. The National Quantum Initiative Act puts $1.2 billion into the quantum research budgets of the Energy Department, the National Institute of Standards and Technology, NASA and the National Science Foundation. The law also outlines a 10-year plan to accelerate the development of quantum information science and technology applications.

Meanwhile, The White House’s Office of Science and Technology Policy is working to ensure that economic growth opportunities and opportunities for improving the world are baked into quantum policies and systems.

Computing giant IBM and the National University of Singapore (NUS) have embarked on a three-year collaboration to find ways to use quantum computing to solve real-world problems and train quantum scientists.

Quantum computers are currently used in many areas, including medical research into new drug development and the enhancement of cyber security in the financial sector.

The collaboration between IBM and NUS, announced yesterday, is the first of its kind in South-east Asia and gives NUS researchers access to 15 of IBM’s powerful quantum computing systems via a cloud service.