The Strategist
Innovation & Tools

Hong Kong launches pilot program for payments in digital yuan - 05/20/2024

The Hong Kong Monetary Authority (HKMA) reported that Hong Kong has started a pilot program that permits digital yuan payments through large Chinese banks. Residents in Hong Kong will be able to transfer money directly to retailers in mainland China by opening digital yuan wallets at Bank of China, Bank of Communications, China Construction Bank, and Industrial & Commercial Bank of China....

Virgin Galactic plans last commercial flight of Unity spacecraft starting from June 8 - 05/06/2024

According to a press release from the corporation, "the window for spaceflight on the Virgin Galactic mission Galactic 07, organized by the United States, will open on June 8." This will be the Unity spacecraft's final commercial mission, according to Michael Colglazier, the company's CEO. Virgin Galactic will therefore make its second space journey of the year and its twelfth overall. Along...

Telegraph: AstraZeneca admits that its COVID vaccine can cause thrombosis - 05/01/2024

A class action complaint has been filed against the British-Swedish pharmaceutical corporation AstraZeneca, claiming that a COVID-19 vaccine that the business and Oxford University produced has major adverse effects. The complaint claims that the vaccine resulted in injuries and fatalities in numerous cases. The company itself has acknowledged that, in rare instances, its vaccine may result in...

Tesla to partner with Baidu to bring car autopilot system to Chinese market - 04/30/2024

According to Bloomberg, which cites sources, American automaker Tesla will collaborate with Chinese Internet behemoth Baidu Inc. to launch mapping and navigation features in the Full-Self Driving (FSD, "autopilot") driving assistance system on the Chinese market. Data protection tests for Chinese-made Tesla electric vehicles have been passed with success. The China Association of Automobile...

Artificial intelligence brings 20% of revenue to BCG consulting company - 04/26/2024

In an interview with the Financial Times, Christoph Schweizer, the CEO of the global consulting firm BCG, stated that his company anticipates making $12 billion in revenue this year, with 20% of that amount coming from artificial intelligence (AI) consulting. The manager clarified that this was a reference to advisory services related to integrating AI into the operations of BCG's client...

Google will delete billions of records containing users' personal data - 04/02/2024

Google has consented to remove billions of user activity records, including personal information of over 136 million Americans who use the Chrome browser. In June 2020, a class action lawsuit was launched against Google. Attorneys for the plaintiffs and the company declared at the end of December 2023 that they had come to a settlement to assist with the lawsuit's settlement. Among other things,...

Study: 8 million people in Britain could lose their jobs because of AI - 03/29/2024

A paper on the possible threats artificial intelligence (AI) poses to the regional labor market was released by the Institute for Public Policy Research (IPPR) in Britain. The IPPR presented three potential scenarios – best-case, baseline, and worst-case. Each scenario examines three levels of risk. In the worst-case scenario, the nation's GDP would not rise and 8 million jobs would be lost as a...

Apple to integrate Google's AI model into iPhone - 03/19/2024

According to Bloomberg, which cites sources, Apple Inc. and Google are in discussions about incorporating the Gemini artificial intelligence model inside the iPhone. They state that there is active discussion between the two firms regarding the prospect of incorporating certain new capabilities into the revised iPhone software that will be launched later this year, using Google's Gemini....

Mercedes-Benz is testing humanoid robots at a factory in Hungary - 03/18/2024

German automaker Mercedes-Benz is testing humanoid robots named Apollo at a plant in Hungary, as reported by the Financial Times. The robots can lift up to 25 kg, have a height of around 170 cm, and weigh roughly 73 kg. They will be employed for quality control and component delivery to assembly lines. According to the FT, Mercedes-Benz intends to use the robots to carry out "physically...

European Parliament approves world's first law to ban unacceptable use of AI - 03/14/2024

The European Parliament passed a bill on artificial intelligence (AI). Its authors believe that this legislation will promote innovation and safeguard citizens' fundamental rights while also promoting security. The applicable legislation was accepted in Strasbourg during the plenary session, having been agreed upon during the EP deliberations with EU member states in December 2023. The new...
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