Ultra wealthy have twice as much private equity than public stocks

Almost US$13 trillion of the world’s UHNW (ultra high new worth, those with over $30 million) wealth is held in private company holdings, nearly twice the amount held in public company stakes. The combined wealth of the world’s UHNW individuals – defined as those with US$30 million and above in net assets – increased by …

Read more

Movies where human video gamers save humanity won’t happen as Artificial Intelligence is becoming superior to humans at video games

The main point of Google DeepMind’s AI, says Hassabis, is to create computers that can “solve any problem”. “AI has huge potential to be amazing for humanity”, he mentions in the Technology Review interview. Accelerating the way we combat disease is one idea. Using trial and error, Deep Mind systems became better than humans at …

Read more

Japan wants elder care robots instead of foreign workers

According to Transparency Market Research, the medical robotic systems market will reach $13.6bn in 2018 (from $5.5bn in 2011), with the lion’s share going to surgical robots while the rest is used for other forms of health robotics such as prosthetics, robot nurses and micro-robots that deliver pills to specific parts of the body. Japan …

Read more

Google X reveals Project Wing its two year old drone package delivery program

[The Atlantic] For two years, Google has been working to build flying robot drone that can deliver products across a city in a minute or two. Project Wing is a secret drone program that’s been running for two years at Google X. Taken with the company’s other robotics investments, Google’s corporate posture has become even …

Read more

Novartis is betting billions on getting true cures for cancers with major commercialization in a few years but taking 20-30 years for the medical transformation

Developments at the University of Pennsylvania point to what would rank among the great milestones in the history of mankind: a true cure for cancer. Of 22 children and 5 adults with Emily’s disease [acute lymphoblastic leukemia], ALL, 27 had a complete remission, in which cancer becomes undetectable. These were gravely ill patients out of …

Read more

Tissue engineered vagina’s function normally over eight years

Researchers from Wake Forest University in Winston-Salem and the Metropolitan Autonomous University in Mexico City biopsied cells from the women and were able to use a biodegradable scaffolds to then build the vagina in the lab. The organs were then implanted in each patient. A woman with MRKH will often not develop a uterus or …

Read more

DARPA works on Scalable, On-Demand Blood for Transfusions and customizing blood cells for vaccine and drug delivery

DARPA program decreases cost of pharmed blood and raises possibility of enhanced red blood cells that offer novel therapeutic benefits to recipients. DARPA created its Blood Pharming program to potentially relieve the shortage or blood by developing an automated culture and packaging system that would yield a fresh supply of transfusable red blood cells from …

Read more