Russian startup sells robot clones of real people

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Will robots like this eventually replace human workers?

“Everyone will now be able to order a robot with any appearance — for professional or personal use. Thus, we open a huge market in service, education and entertainment. Imagine a replica of Michael Jordan selling basketball uniforms and William Shakespeare reading his own texts in a museum?” said Aleksei Iuzhakov, Chairman of the Board of Directors of Promobot, in a statement

The company’s Robo-C has a neck and torso that each have three degrees of freedom of movement, but it cannot walk.

The robot’s face has 18 moving parts, allowing it to make 600 “micro-expressions,” and its artificial intelligence contains 100,000 speech modules.

“Promobot believes that a robot like this is capable of removing the barrier in human-machine interaction and replacing a number of employees in crowded places– post offices, banks, and municipal institutions,” the company states in a press release.

However, the android — which Promobot calls a “completely anthropomorphic machine,” only has 8 hours of battery life.

Via Fox News

 

11 surprising and insightful statistics about startups

 

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The rate at which a startup grows has long been a big determinant of startup success. While growth matters, over 70% of startups fail because of premature scaling. This finding and 10 more listed below will help you make wiser decisions based on previous failures, successes and data-backed conclusions.

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Four years in startups

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Life in Silicon Valley during the dawn of the unicorns.

The first time I looked at a block of code and understood what was happening, I felt like a genius.

Depending on whom you ask, 2012 represented the apex, the inflection point, or the beginning of the end for Silicon Valley’s startup scene—what cynics called a bubble, optimists called the future, and my future co-workers, high on the fumes of world-historical potential, breathlessly called the ecosystem. Everything was going digital. Everything was up in the cloud. A technology conglomerate that first made its reputation as a Web-page search engine, but quickly became the world’s largest and most valuable private repository of consumer data, developed a prototype for a pair of eyeglasses on which the wearer could check his or her e-mail; its primary rival, a multinational consumer-electronics company credited with introducing the personal computer to the masses, thirty years earlier, released a smartphone so lightweight that gadget reviewers compared it to fine jewelry.

Technologists were plucked from the Valley’s most prestigious technology corporations and universities and put to work on a campaign that reëlected the United States’ first black President. The word “disruption” proliferated, and everything was ripe for or vulnerable to it: sheet music, tuxedo rentals, home cooking, home buying, wedding planning, banking, shaving, credit lines, dry-cleaning, the rhythm method. It was the dawn of the unicorns: startups valued, by their investors, at more than a billion dollars. The previous summer, a prominent venture capitalist, in the op-ed pages of an international business newspaper, had proudly declared that software was “eating the world.”

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‘Extraordinary’ breakthroughs in anti-Aging research ‘will happen faster than people think’

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People 50 and older have a lot to look forward to, according to Juvenescence’s Greg Bailey—mainly that we won’t be aging as fast or poorly as our parents. “Science fiction has become science,” said the UK-based anti-aging biotech’s CEO about the company’s completing its $100 million Series B round of financing last week. “I think the world is going to be shocked,” he said in an interview. In total, Juvenescence has now raised $165 million in just 18 months to fund longevity projects with the lofty goal of extending human lifespans to 150 years.

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Ideas are a dime a dozen. Here are twelve problems that could lead to a billion-dollar startup

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Next generation technology in the home for an aging population.

Startup founders can often find themselves working on an idea that sounds plausible, but does not provide a solution to a problem people care about in a meaningful way. Y Combinator founder and investor Paul Graham says that often, these startups are born from individuals who are simply “trying to think of startup ideas” and not looking for problems. Graham calls these ideas “made-up” or “sitcom” startup ideas, as they sound like something a writer for a television sitcom would come up with when creating a script for a character that had a business idea. The idea seems possible, even though in reality it is bad and no one would use or buy it.

Take a look around at the products and services you are currently using and surrounded by. Why are they there? Well, it’s because they are solving a problem or filling a need you would otherwise be experiencing. This is how all great inventions and startup businesses are born, from a problem or need. From electricity, to the telephone, to the Internet, and more recently to Uber and AirBnb, great businesses are built on big problems.

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How to start a business with no money

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Startup advice can be seductive. From motivational quotes to magazine profiles, there’s a persistent narrative that if you follow your passion, log 80 hours a week, and “hustle hard,” you’ll create the next Amazon or Airbnb.

It is possible.

We all know that hard work can produce incredible results. But the prevailing rise-and-grind mythology often pushes founders into business before they’re ready.

Many smart, ambitious people feel pressured to quit their jobs and go all-in. They work around the clock, sacrificing their health and happiness to chase a startup dream.

For every founder who’s battling exhaustion and surviving on protein bars, I’d like to suggest a different path.

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The Office of the Future Is No Office at All

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Everyone works remotely at software-development company GitLab, even its CEO

As collaboration tools improve, letting distant teammates work together seamlessly, some are questioning whether an office is necessary.

GitLab Inc. is extreme, even for Silicon Valley: It has no headquarters and everyone works remotely, even the CEO.

The software-development startup, which has more than 600 employees in 54 countries, plans to raise its headcount to about 1,000 by year-end. Its far-flung workers rely on internal tools and cloud-based services to collaborate, communicate and contribute to projects.

The idea is to remain headquarters-free even after GitLab’s initial public offering, planned for late 2020, giving it flexibility to cut costs and hire people world-wide as opposed to relying on expensive talent hubs and office space, said Sid Sijbrandij, the company’s chief executive and co-founder.

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How Incubators are Shaping the Indian landscape

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According to the NASSCOM India Startup Ecosystem report, India has retained its position as the third largest Startup Ecosystem in the world. More than 1,200 startups came up in 2018, including eight unicorns, taking the total number to 7,200 startups, NASSCOM reported. Considering the scale of the Indian market, even average startups can find a viable market even with average ideas and poor quality. However, on the flip side, India with its diversity and wide-ranging issues also offers a fantastic test base to develop a robust and innovative product.

In this dynamic and complex landscape, while an increasing number of entrepreneurs are emerging, a report by IBM Institute for Business Value and Oxford Economics found that 90 per cent Indian startups fail within the first five years. The emerging incubator ecosystem in the Indian landscape is a welcome shot in the arm for the starry-eyed startups.

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A massive new study says these 5 fears separate people who take risks and follow their dreams from those who never try

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It’s a funny thing, fear.

Nearly one in five full-time employees in this country has a dream–and that dream is to no longer be a full-time employee.

But there’s something holding back the vast majority of them.

A new survey by cloud-based accounting software firm Freshbooks concludes that 24 million U.S. workers truly want to become their own bosses–but only about two million of them actually managed to quit their jobs last year to launch their own companies.

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The rise of women entrepreneurship in India

 

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Women have started to realise their power and exploring different ways to pursue their passion

Women who seem to be limited to their home in the old days are now exploring the world of entrepreneurs. They come out as a strong contender with several leadership qualities which make them perfect to rule the entrepreneur’s world. In recent years, there is a rise in the graph of women entrepreneurship in India. And now, Indians can proudly say that women entrepreneurship is not an obscure concept any longer at least in our country.

Well, known leaders such as Kiran Mazumdar Shaw, Indra Nooyi, Chanda Kochar paved way for other women to come out and start something of their own and can easily become an independent entity which can not be undermined by gender politics or any kind of partiality. In the last few years, women of India has already comprised almost 30per cent corporate senior management positions. It might seem a small percentage but this number is continually rising.

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China created a new tech unicorn every 3.8 days last year

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The pace of billion-dollar startup creation slowed markedly in China in 2018’s final quarter as the country’s largest tech startups shored up their dominance and the economy decelerated.

China spawned 97 unicorns last year with a combined valuation of 1.2 trillion yuan ($178 billion) across sectors from consumer internet to online shopping and electric vehicles, according to a report published by consultancy Hurun. That’s about one unicorn born every 3.8 days. But of those, 11 were created in the December quarter, down from more than 30 in the previous three months.

Tech startup investment is slowing as stretched valuations and the economy takes a toll. Beijing, wary of financial risk, is cracking down on internet loan providers and the crypto-currency market is sputtering as prices deflate. Alibaba Group Holding Ltd. Vice Chairman Joseph Tsai warned last week that valuations were “distorted” and may decline over the coming six to nine months, particularly in over-heated arenas such as bike-sharing.

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America’s disappearing IPOs

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What happened to all the IPOs?

It wasn’t so long ago that the market for initial public offerings — in which a promising and often young private company first allows public investors to buy its stock, often as a way to raise money and invest in the future — was booming. In the two decades before 2000, America was averaging some 300 IPOs a year. In fact, volume was considerably higher than that from 1990 to 2000, reaching 706 in 1996, for example.

Then they fell off a cliff. Last year, there were a mere 147. What happened?

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