business Archive

businessBlack Panther movie targets $200 million opening weekend in North America

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Black Panther brought in $25.2 million from Thursday night previews, just shy of doubling the $12.7 million brought in by Deadpool. Black Panther outperformed the $25 million brought in by Captain America: Civil War and is behind only Avengers: Age …

businessSingularity University funded with $32 million

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Singularity University (SU), a California Benefit Corporation that educates individuals and organizations on navigating accelerating technological change, today announced that it has closed $32 million in Series B funding co-led by WestRiver Group and Boeing with participation from Silicon …

artificial intelligenceWith AI everyday will be no repeat work days

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Artificial intelligence (AI) tools will create “superhuman workers” who will be able to do more with new technology, Google X co-founder Sebastian Thrun said. Sebastian Thrun left the search engine giant in 2014, and is now the chairman of online …

businessIn Tech companies we trust

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According to the 2018 Edelman Trust Barometer study, the tech industry has become the single most trusted institution in America, holding steady at 75% for five years now. Overall US companies are at 50% public trust which is down 5% …

blockchainChina global lead in Fintech and Mobile Payments

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Mobile payments are just one of seven key markets for China’s booming fintech industry. Fintech is short for “financial technology” and refers to the application of technology within the financial services industry. This is information from a Brookings Institution piece, …

amazonAmazon Prime customers will get 2-hour delivery for Whole Food orders over $35

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Amazon and Whole Foods Market announced the introduction of free two-hour delivery of natural and organic products from Whole Foods Market through Prime Now, with plans to expand across the U.S. in 2018. Starting today, Prime customers in neighborhoods of …

amazonJeff Bezos of Amazon is worth more than Bill Gates and Elon Musk Combined

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Jeff Bezos was worth $116 billion yesterday and today Amazon stock is up 4.7%. Jeff Bezos is worth about $122 billion. Bezos is worth more than Bill Gates ($94.8 billion) and Elon Musk ($21.5 billion) combined. Amazon is worth $702 …

businessWhat is hot in multi-billion dollar RNAi, Gene therapy and CAR-T biotech?

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There were two biotech buyouts this week. Celgene bought CAR-T player Juno Therapeutics for $9 billion and Sanofi buying blood disorder biotech Bioverativ for $11 billion. Kite Pharmaceuticals, CAR-T company, got acquired late in 2017 by Gilead for $12 billion. …

amazonFirst Amazon Go opens in Seattle tomorrow Monday, January 22, 2018

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Amazon Go is a new kind of store with no checkout required. We created the world’s most advanced shopping technology so you never have to wait in line. With our Just Walk Out Shopping experience, simply use the Amazon Go …

businessChina’s mobile payments volume could exceed global credit card volume in 2018

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Digital payments in China are processed by scanning QR codes at the point of sales which link to the customer’s bank account in China. China’s mobile payments were 58.8 trillion yuan in 2016. Xinhua News reported that consumers in China’s …