Innovation & Tools
Payment transaction analysis can help identify criminals - 03/20/2017
According to latest report of the Royal United Services Institute (RUSI) "Disrupting Human Trafficking: The Role of Financial Institutions", banks could possible use special algorithms to find out criminals among their clients. For this purpose, the institutions need to crosscheck payments made in restaurants, shops, pharmacies and air ticket offices. The RUSI’s report states that it is possible...
Amazon will fly to the Moon and back - 03/06/2017
Amazon’s Head Jeff Bezos wants to launch a service delivering cargos to the moon, similar to already existing Amazon delivery. Bezos owns Blue Origin company, which has been engaged in space research since 2000. According to him, space shipping will help the process of "future human settlements" on the Moon. This week, founder of online retailer Amazon Jeffrey Bezos may announce his plans for...
Construction industry: Innovations and reluctance to change - 03/01/2017
The World Economic Forum and The Boston Consulting Group presented a new report "Shaping the Future of Construction: Inspiring Innovators Redefine the Industry". The authors speak of nearly fantastic things - 3D-printed houses, prefabricated skyscrapers and automatically designed hospitals. Experts of the World Economic Forum and The Boston Consulting Group presented its new report dedicated to...
Apple brings Steve Jobs’ brainchild into existence - 02/24/2017
Apple announced that Apple Park, a new campus area of over 70 hectares, opens its doors in April. Relocation of employees – there are more than 12 thousand of them – will take more than six months. At the same time, construction of buildings and park area will continue through the summer. Apple Park campus, conceived by Steve Jobs as a center of creativity and collaboration, turned kilometers of...
Visa and IBM will turn cars and wearable devices into payment terminals - 02/21/2017
This week, Visa payment system and IBM announced launch of a large-scale project to combine "internet of things" (IoT), artificial intelligence and remote payments. The initiative is meant to allow consumers to pay for goods or services by means of any Internet-connected device, such as household appliances, automobiles, and so on. In the next five years, the joint project will enable payments...
The world's first flying car is now commercially available - 02/16/2017
Dutch PAL-V launched a pre-order campaign on the world's first flying car PAL-V Liberty, according to the company’s website. The tree-wheeled vehicle with blades not only goes on the roads, but also flies. The process of turning the car into an aircraft takes five to ten minutes, the manufacturer estimated. The mast with a propeller is set automatically, but the driver has to put forward tail and...
IIHS: Tesla, BMW need to work on driving-safety issues - 02/01/2017
Crash tests of four cars conducted by Insurance Institute for Highway Safety (IIHS) showed that all four models - hybrid Chevrolet Volt and Toyota Prius Prime plus electric Tesla Model S and BMW i3 – are worth to give them a try. However, a minor number of the hybrid models’ parameters still showed greater reliability than their electric counterparts. Insurance Institute for Highway Safety (IIHS)...
Rapid advancement of AI scares scientists and businessmen - 01/12/2017
LinkedIn founder Reid Hoffman and former owner of eBay Pierre Morad Omidyar sent $ 20 million for researches on protection from artificial intelligence (AI), reports The Guardian. The money went to a new fund called the Ethics and Governance of Artificial Intelligence Fund. "We need to get a guarantee that the AI will continue to exist for the good of society and to minimize damage", - Mr....
Faraday Future: less than a month to go and countless problems - 12/26/2016
Faraday Future fired two top executives. Marco Mattiacci, Global Chief Brand & Commercial Officer and Jörg Sommer, Vice President for Product Marketing and Growth left the US-Chinese start-up, reported The Verge. Mattiacci, former Head of Ferrari team in Formula 1 and executive at the Italian automaker's offices in North America and the Asia-Pacific region, has been with Faraday Future...
Google to shoot down the self-driving car project while Apple aims to enter the car industry - 12/13/2016
Google refused to fully develop its own unmanned car without a steering wheel and pedals, according to The Information. Instead, the company is looking forward to working with other automakers, and launch an autonomous service for joint use of cars by the end of 2017. Google has considered its own project impractical. According to the publication, Alphabet’s CEO Larry Page and Chief Financial...