Business


Business

IBM Commits $240 Million To Fund An MIT A.I. Lab

Posted in Business on 7th Sep, 2017
by Alex Muller

IBM on Wednesday said it will spend $240 million to open a Watson-branded artificial intelligence research lab in collaboration with a long-time partner, MIT.

Bitcoin Price Drops After New Ruling From Chinese Regulators

Posted in Business on 5th Sep, 2017
by Alex Muller

The price of bitcoin fell after Chinese regulators announced a ban on organisations from raising funds using initial coin offerings (ICOs).

Baidu And China Life Set Up US$1 Billion AI Fund

Posted in Business on 30th Aug, 2017
by Alex Muller

China Life and Baidu (China Search engine company) will set up a US$1 billion investment fund in Artificial Intelligence and Fintech.

Spacex Falcon 9 Block 5 Targets 24 Hour Turnaround, No Refurbishment Reuse And Relaunch A Dozen Times

Posted in Business on 30th Aug, 2017
by Alex Muller

The Falcon 9 Block 5 is expected to be far more reusable than the Block 3. Shotwell said a Block 5 booster could relaunch 'a dozen or so times.'

Musk Startup 'to Spend 00m' Linking Human Brains To Computers

Posted in Business on 29th Aug, 2017
by Alex Muller

Filing shows Neuralink company has raised almost $27m so far from 12 investors - but Musk denies it is seeking outside backers.