The 7 biggest technology trends to disrupt banking & financial services in 2020

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Even though banking and financial services have been slower than other industries to adopt the latest technology into their operations, financial organizations are trying to catch up by incorporating artificial intelligence, blockchain, and other technology to benefit their customers, remain competitive and improve business results. Here are the 7 biggest technology trends that will disrupt banking and financial services in 2020.

  Continue reading… “The 7 biggest technology trends to disrupt banking & financial services in 2020”

Sex robots take over Swiss brothel

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A brothel in Switzerland is giving the boot to its’ female staff in favor of sex robots as more and more clients become financially strapped. The brothel in Lucerne has replaced most of the employees with sex robots and the switch has been quite a hit. The ‘Arsenal-51’ brothel now has twelve sex robots to pick from and just a couple of prostitutes providing their services. The move to the robots comes as another sex robot company has unveiled a transgender doll with a detachable penis. It runs $1,600.

Via Iheart.com

 

Wall Street jobs data ‘experts’ are failing big time

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Attention all you Wall Street “experts” who try to predict the monthly employment report! This column is for you.

The rest of you, of course, can read along. But the first item in this column is specifically for those on Wall Street who get paid a lot of money to get their economic predictions correct.

And they don’t do that often enough.

Experts: it makes me sad to say this, but you aren’t doing a very good job. And, quite frankly, I’m afraid your bosses will soon be asking why and might even — dare I say it — be cutting your fine salaries.

OK, do I have your attention? Now I’m going to tell you where you are going wrong. Ignore me at your own — and your family’s — peril.

Continue reading… “Wall Street jobs data ‘experts’ are failing big time”

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

 

China is selling autonomous killer drones to the Middle East

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Chinese military contractors have already started to sell dangerous, autonomous killer robots to customers in the Middle East.

For instance, a Chinese company called Ziyan is actively marketing its Blowfish A3 — an autonomous helicopter-like drone armed with a machine gun — to international buyers, according to Defense One. While several countries have been working towards this tech for years, this news means we’re finally, and unfortunately, living in the era of killer robots.

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How cheap robots are transforming ocean exploration

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Backed by billionaire philanthropists and Silicon Valley venture capitalists, a wave of entrepreneurs are developing high-tech, low-cost technologies to probe the watery realms we still barely understand. Are the oceans finally getting their moon-shot moment?

The robot was born out of a treasure hunt.

It all started in 2010, when Eric Stackpole was a promising young engineer designing satellite technology as an intern at NASA’s Ames Research Center in Mountain View, California. He was simultaneously working toward a master’s degree at nearby Santa Clara University and was prone to procrastinating. Lately, he’d become taken with the idea of building his own underwater robot.

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ATHENA laser weapon counters multiple drones in full-integration test

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The ATHENA system shown here destroyed multiple drones in a real-world demonstration for the Air ForceLockheed Martin

Lockheed Martin’s Advanced Test High Energy Asset (ATHENA) laser weapon engaged and destroyed multiple drone threats in a recent field test at a US government test range at Fort Sill, Oklahoma. The laser weapon system being developed for the US Air Force was used against a mix of fixed-wing and rotary drones with the aid of government command and control systems.

The development of laser weapons requires more than just creating more and more powerful beam generators. Such systems must also be compact, portable, and robust enough to deploy in the field; able to track and lock onto a target; and be able to keep the beam stable over long distances.

In addition, to be practical, such weapons must be able to integrate with existing command and control systems and radar sensors. It was to demonstrate this that was the focus of the Fort Sill test, where the ATHENA laser was operated by airmen, who were given radar tracks of the drones, which then allowed ATHENA’s beam director to slew, acquire, track, and shoot down the targets using its high-energy laser.

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Elon Musk says building the first sustainable city on Mars will take 1,000 Starships and 20 years

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SpaceX CEO Elon Musk went into a bit more detail about the timelines and vehicle requirements to not only reach Mars, but to set up a sustainable base on the Red Planet that can serve as an actual city, supporting a local population. That’s the long-term vision for Musk and his space technology company, after all — making humans an interplanetary species. The timeline that Musk discussed today, replying to fans on Twitter, might be incredibly impressive or incredibly ambitious, depending on your perspective.

Addressing a question about comments he made earlier this week at the U.S. Air Force startup pitch day event in California, Musk said that his stated launch cost of only around $2 million per Starship flight are essentially required, should the final goal be to set up a “self-sustaining city on Mars.” In order to make that city a reality, he added, SpaceX will need to build and fly around 1,000 Starships according to his estimates, which will need to transport cargo, infrastructure and crew to Mars over the course of around 20 years, since planetary alignment only really allows for a realistically achievable Mars flight once every two years.

Continue reading… “Elon Musk says building the first sustainable city on Mars will take 1,000 Starships and 20 years”

Drone II : The drone delivery market map

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As part of DRONELIFE’s participation in the FAA’s Drone Safety Awareness Week, DRONELIFE will feature stories according to the themes outlined. Today, we focus on drone delivery.

As high-profile drone delivery companies like Wing, UPS Flight Forward, and Zipline have made headline after headline this year, the hype around drone deliveries has become bigger than ever. But is it really all hype, or are we on the brink of major change in the way that goods are transported? Over the past two months DRONEII has conducted thorough research into the drone delivery market to bring you the latest market updates and answer all your burning questions. Here’s just a small snippet of the content that we’ve compiled into our latest Drone Delivery Report.

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A new floating solar farm shows that renewables can be easy

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The Sekdoorn floating solar farm in the Netherlands is completed after a record six weeks of work. This is the fastest construction speed ever for the German company specialized in the renewables sector BayWa r.e., who worked together with its Dutch partner GroenLeven to build the power plant.

The construction was done in only six weeks and the plant can power 4,000 households.

The solar farm will have a yearly energy yield of 13.330 MWh, saving around 6,500 tons of CO2 emissions a year and powering the equivalent of 4,000 households.

Floating solar power plants are what the name suggests, solar panels mounted on a structure that floats on a body of water. The advantage is that they reduce land requirements because they can be installed in industrial pools, drinking water reservoirs and small lakes.

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Renewables meet 50% of electricity demand on Australia’s power grid for first time

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For a brief moment solar, wind and hydro combined to deliver more than half the power into the National Electricity Market

Australia’s main electricity grid was briefly powered by 50% renewable energy this week in a new milestone that experts say will become increasingly normal.

Data on the sources of power in the National Electricity Market showed that at 11.50am on Wednesday, renewables were providing 50.2% of the power to Queensland, New South Wales, Victoria, Tasmania and South Australia – the five states served by the market.

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The internet is getting less free

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A protester holds an Amazon box made into a sad face as part of a protest against the company’s cloud services contracts with Palantir, which supports ICE.

Election interference and government surveillance on social media are hurting internet freedoms.

 

Amazon has been under fire from protesters lately for assisting surveillance technology company Palantir — and, by extension, ICE — as well as for its own surveillance products like Ring.

Free speech and privacy on the internet declined globally for the ninth consecutive year according to the Freedom on the Net 2019 report by bipartisan watchdog and think tank Freedom House.

 

The report’s authors cite two main reasons for the decline: increased online election interference — by government and civilian actors alike — and increased government surveillance, both of which are spreading on social media platforms. These are topics that continue to dominate the news cycle, whether it’s Facebook’s ad policy that allows politicians to spread lies or Amazon’s growing relationships with police departments that use its Ring smart doorbells and associated social media products to surveil communities. Freedom House recommends increased transparency and oversight of these platforms in order to stop the situation from getting worse.

Continue reading… “The internet is getting less free”

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