The World Bank confirmed last week that its planning to invest $200 million into Ethiopia’s digital economy as the country takes its first steps to liberate its telecoms market but warned of special treatment being given to state-owned Ethio Telecom. In a blog post, Ousmane Dione, the Bank’s country director for Eritrea, Ethiopia, South Sudan, […]
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In the Nevada desert, a cryptocurrency magnate hopes to turn dreams of a futuristic “smart city” into reality. To do that, he’s asking the state to let companies like his form local governments on land they own, which would grant them power over everything from schools to law enforcement. Jeffrey Berns, CEO of Nevada-based Blockchains […]
When General Motors boldly announced its goal last month to make only battery-powered vehicles by 2035, it didn’t just break from more than a century of internal combustion engines. It also clouded the future for 50,000 GM workers whose jobs could become obsolete far sooner than they knew. The message was clear: As a greener […]
Major Asian stock indexes were mostly higher on Thursday after President Joe Biden held his first conversation with Chinese leader Xi Jinping since taking office. Many markets in Asia were closed for the Lunar New Year and other holidays. Benchmarks in Hong Kong, India and Sydney advanced while Singapore and Thailand declined. With much of […]
United Airlines said Wednesday it will buy up to 200 small electric air taxis to help customers in urban areas get to the airport. The airline said it will help electric-aircraft startup Archer develop an aircraft capable of helicopter-style, vertical takeoffs and landings. Archer hopes to deliver its first aircraft in 2024, if it wins […]
Thus far, a cinematic horror-show of wealth-destroying, dysfunctional robots, is not quite a reality – or at least not yet. It seems people, or rather banking service consumers, trust personal finance robots more than themselves to manage their money, according to a new study by Oracle and personal finance expert Faroosh Torabi, and host of the “So Money” podcast. The study of more than 9,000 consumers […]
Ford Motor Co. lost $1.28 billion last year as it dealt with a huge restructuring, a costly recall and a decline in the value of its pension fund. But the company said Thursday it is generating strong cash flow and will go all-in on electric vehicles. Ford said it would now spend at least $22 […]
A team of scientists from MIT’s Computer Science and Artificial Intelligence Laboratory (CSAIL) and Jameel Clinic (J-Clinic) announced that they had created a breast cancer risk-assessment algorithm that shows consistent performance across patients from the U.S., Europe, and Asia. The researchers said the model needed both algorithmic improvements and large-scale validation across several hospitals to […]
Popular online trading platform Robinhood said Monday that it has lined up $3.4 billion to help meet its funding requirements amid a spike in trading on Wall Street fueled by small investors driving up shares in GameStop and other stocks. The funds are being provided by Ribbit Capital and several other venture capital firms, including […]
The U.S. Health and Human Services agency recently released a comprehensive artificial intelligence (AI) strategy to increase use of this advanced technology in MedTech and related types of applications. “Together with its partners in academia, industry and government, HHS will leverage AI to solve previously unsolvable problems by continuing to lead advances in the health […]