Lilium raises $90 Million for flying electric taxi that is targeting commercial operation in 2025

Lilium raised $90 million (Tencent led the round) which will be used for the development of the five-seat Lilium Jet that will fly commercially. Lilium will grow their current team of more than 70. In April they achieved a world first when the full size prototype successfully performed its most complicated manoeuver – transitioning between …

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India has serious economic growth problems

India’s official statisticians released the real 2017Q2 GDP growth number last week—5.7% over the equivalent quarter of the previous year. This was below the 6.5% consensus estimate of economists. India’s economy has been growing less and less healthy for awhile. GDP growth has now declined steadily for six straight quarters. This is a slowdown caused …

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Russia will have new armored personnel carriers in the 2020s

Russia has new 25-ton Armata based platform for new armored personnel carriers. They are known as Kurganets and be replacing BMP and BMD and MT-LB and other types of tracked armored platforms currently in service, providing a more maneuverable and better-protected platform. Kurganmashzavod is expecting to launch serial production of the new family in 2021, …

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RBC Capital Markets is predicting Nvidia will make the best cryptocurrency optimized chips

Nvidia, graphic processing unit (GPU) maker, was announced as the smartest among all public and private companies by MIT because of its business savvy and innovative technologies. Nvidia is the leading provider of processing power for AI software, and its newer, AI-related businesses are growing quickly. Cryptocurrencies could be another big business for Nvidia. Nvidia …

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Nanophotonic rare-earth quantum memory with optically controlled retrieval

Researchers have built a quantum memory device that is a millionth times smaller than previsous devices. It is small enough to install on a chip. This crystal is the first quantum memory device of its kind that could fit on a chip alongside nano-sized instruments for detecting and sending signals written in quantum bits. The …

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Oracle Joins Hyperledger Blockchain Project

Oracle joined the Hyperledger consortium because of the consortium’s approach to blockchain using open source collaboration, modular architecture, horizontal/cross-industry technology support, and support for enterprise needs. Oracle looks forward to participating in Hyperledger for the benefit of our global customer base and the market at large. The Hyperledger project is an open source initiative that …

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Quantum bitcoin – qBitcoin – online quantum cash

A decentralized online quantum cash system, called qBitcoin, is given. Researchers designed a system which has great benefits of quantization in the following sense.A Firstly, quantum teleportation technology is used for coin transaction, which prevents an owner of a coin from keeping the original coin data after sending the coin to another. This was a …

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Water-cooling solar panels could lower the cost of air conditioning by 20%

New solar water coolers may sharply lower the cost of industrial-scale air conditioning and refrigeration. The new water coolers are panels that sit atop a roof, and they’re made of three components. 1. a plastic layer topped with a silver coating that reflects nearly all incoming sunlight, keeping the panel from heating up in the …

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