Category Archives: Technology

NextNav, whose primary product is a next-generation GPS system that provides far more spatial data than a standard system, such as where in a building an item is located, is going public through a merger with a special purpose acquisition company.

The SPAC is Spartacus Acquisition Co., and the expertise of much of its management team has been in telecommunications.

Neil Subin, one of the largest principals behind Spartacus, described NextNav on a call with investors as having a GPS platform that is a hyperaccurate, ubiquitous, resilient, 3-dimensional, positioning navigation and timing network. The network has an extraordinary opportunity for disruptive use.

Like other networks in the past, its the network itself that drives the use case, not the opposite, Subin said, according to a transcript of the call provided by the company.

Gary Parsons, the chairman of NextNav, did make reference on the call to areas of the supply chain that could benefit from its capabilities.

The NextNav technology fits under the heading of Enterprise Internet of Things (IoT), Parsons said, which is a key market, particularly with asset tracking.

Asset tracking out on the open road works fine with GPS, but increasingly tracking is required in urban centers and inside buildings and warehouses, he said.

NextNav was founded under a different name in 2007. Parsons said it was created to address the problem of the fact that GPS is a 2D service that only works with a clear line of sight to the sky.

According to the prepared statement released jointly by NextNav and Spartacus, the Pinnacle product of NextNav does use current GPS technologies to provide floor level location for an item or person within three meters 94% of the time, and has consistently been shown as the most accurate vertical location technology available. Pinnacles customer base includes numerous governments that use it in public safety operations, Parsons said.

On the NextNav website, the company said the basis for the Pinnacle data is barometric sensors available in devices such as phones, which can then be utilized to provide altitude measurements.

The second commercial product of NextNav is TerraPoiNT, which seeks to bring full 3D accuracy in such a way to provide position, navigation and timing. It can enhance or replace current GPS technologies, Parsons said on the investor call. Its technology has been deployed in 47 markets, with plans to build out the network with proceeds from the transaction with Spartacus.

On its website, NextNav said its TerraPoiNT system uses ground-based transmitters installed in a service area. It said its signal strength is 100,000 times greater than that of GPS.

Our technology provides 3D accuracy where GPS cannot: indoors and urban areas, he said.

NextNav has developed a significant moat around its business, Parsons said. We are the only technology that has shown the ability to provide equivalent services to GPS of Position, Navigation and Timing, or PNT services, he said.

The fully diluted value of the merger was put at approximately $1.2 billion. About $400 million of the proceeds is expected to be put back into the company for further growth.

Parsons said that once the network is fully deployed, it can produce adjusted EBITDA margins of 70%. The marginal cost of operating the network is low once the development costs are sunk.

Common stock in NextNav will trade on the Nasdaq under the symbol NN.

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NextNav, with its warehouse-ready positioning technology, going public via SPAC - FreightWaves

It was sleek, cone-shaped, a little confusing like something Hollywood would give a sci-fi villain for a quick getaway.

It wasnt a helicopter. And it wasnt an airplane. It was a cross between the two, with a curved hull, two small wings and eight spinning rotors lined up across its nose and tail.

At the touch of a button on a computer screen under a nearby tent, it stirred to life, rising up from a grassy slope on a ranch in central California and speeding toward some cattle grazing under a tree who did not react in the slightest.

It may look like a strange beast, but it will change the way transportation happens, said Marcus Leng, the Canadian inventor who designed this aircraft, which he named BlackFly.

BlackFly is what is often called a flying car. Engineers and entrepreneurs like Leng have spent more than a decade nurturing this new breed of aircraft, electric vehicles that can take off and land without a runway.

They believe these vehicles will be cheaper and safer than helicopters, providing practically anyone with the means of speeding above crowded streets.

Our dream is to free the world from traffic, said Sebastian Thrun, another engineer at the heart of this movement.

That dream, most experts agree, is a long way from reality. But the idea is gathering steam. Dozens of companies are now building these aircraft, and three recently agreed to go public in deals that value them as high as $6 billion. For years, people like Leng and Thrun have kept their prototypes hidden from the rest of the world few people have seen them, much less flown in them but they are now beginning to lift the curtain.

Lengs company, Opener, is building a single-person aircraft for use in rural areas essentially a private flying car for the rich that could start selling this year. Others are building larger vehicles they hope to deploy as city air taxis as soon as 2024 an Uber for the skies. Some are designing vehicles that can fly without a pilot.

One of the air taxi companies, Kitty Hawk, is run by Thrun, the Stanford University computer science professor who founded Googles self-driving car project. He now says that autonomy will be far more powerful in the air than on the ground, and that it will enter our daily lives much sooner. You can fly in a straight line and you dont have the massive weight or the stop-and-go of a car on the ground, he said.

The rise of the flying car mirrors that of self-driving vehicles in ways both good and bad, from the enormous ambition to the multibillion-dollar investments to the cutthroat corporate competition, including a high-profile lawsuit alleging intellectual property theft. It also re-creates the enormous hype.

It is a risky comparison. Google and other self-driving companies did not deliver on the grand promise that robo-taxis would be zipping around our cities by now, dramatically reshaping the economy.

But that has not stopped investors and transportation companies from dumping billions more into flying cars. It has not stopped cities from striking deals they believe will create vast networks of air taxis. And it has not stopped technologists from forging full steam ahead with their plans to turn sci-fi into reality.

The spreadsheet was filled with numbers detailing the rapid progress of electric motors and rechargeable batteries, and Larry Page, Google co-founder, brought it to dinner.

It was 2009. Many startups and weekend hobbyists were building small flying drones with those motors and batteries, but as he sat down for a meal with Thrun, Page believed they could go much further.

Thrun had only just launched Googles self-driving car project that year, but his boss had an even wilder idea: cars that could fly.

When you squinted your eyes and looked at those numbers, you could see it, Thrun remembered.

The pair started meeting regularly with aerospace engineers inside an office building just down the road from Google headquarters in Mountain View, California. Pages personal chef-made meals for his guests, including a NASA engineer named Mark Moore and several aircraft designers from Stanford.

Those meetings were a free flow of ideas that eventually led to a sprawling, multibillion-dollar effort to reinvent daily transportation with flying cars. Over the past decade, the same small group of engineers and entrepreneurs fed a growing list of projects. Moore helped launch an effort at Uber, before starting his own company. Page funneled money into multiple startups, including Lengs company, Opener, and Thruns, Kitty Hawk. New companies poached countless designers from Pages many startups.

It is the Wild West of aviation, Moore said. It is a time of rapid change, big moves and big money.

The next few years will be crucial to the industry as it transitions from what Silicon Valley is known for building cutting-edge technology to something much harder: the messy details of actually getting it into the world.

BlackFly is classified by the government as an experimental ultralight vehicle, so it does not need regulatory approval before being sold. But an ultralight also cannot be flown over cities or other bustling areas.

As it works to ensure the vehicle is safe, Opener does most of its testing without anyone riding in the aircraft. But the idea is that a person will sit in the cockpit and pilot the aircraft solo over rural areas. Buyers can learn to fly via virtual reality simulations, and the aircraft will include autopilot services like a return to home button that lands the plane on command.

It has enough room for a 6-foot, 6-inch person, and it can fly for about 25 miles without recharging. The few Opener employees who have flown it describe an exhilarating rush, like driving a Tesla through the sky an analogy that will not be lost on the companys target customer.

Leng sees all this as a step toward the starry future envisioned by The Jetsons, the classic cartoon in which flying cars are commonplace. I have always had a dream that we could have unfettered three-dimensional freedom like a bird does that we can take off and just fly around, he said.

BlackFly will initially be far more expensive than your average car (perhaps costing $150,000 or more). And its combination of battery life and mileage is not yet as powerful as most anyones daily commute requires.

But Leng believes this technology will improve, prices will drop to the cost of an SUV and the world will ultimately embrace the idea of electric urban flight. By putting his vehicle into the hands of a relative few people, he argues, he can open the eyes of many more.

Others in the field are skeptical. They estimate it will be years or even decades before regulators will allow just anyone to fly such a vehicle over cities. And they say the technology is too important and transformative to remain a plaything for millionaires. So they are betting on something very different.

When Thrun watches his flying vehicle Heaviside rise up from its own grassy landing pad, he sees more than just the trees, hills and crags of the California test site. He envisions an American suburbia where his aircraft ferries people to their front doors sometime in the future.

Yes, there are regulatory hurdles and other practical matters. These planes will need landing pads, and they could have trouble navigating dense urban areas, thanks to power lines and other low-flying aircraft.

There is also the noise factor, a crucial selling point over loud combustion engine helicopters. Sitting a few hundred feet from the vehicle, Thrun boasted about how quiet the aircraft was, but when it took off, he had no choice but to stop talking. He could not be heard over the whir of the rotors.

Even so, Thrun says Kitty Hawk will build an Uber-like ride-hailing service, in part, because of simple economics. Heaviside is even more expensive than BlackFly; Thrun said it costs around $300,000 to manufacture. But with a ride-hailing service, companies can spread the cost across many riders.

Wisk Aero, a company that spun out of Kitty Hawk in 2019 with backing from Page and Boeing, sees the future in much the same way. It is already testing a two-seat vehicle, and it is building a larger autonomous air taxi that may have more seats.

Many believe this is how flying cars will ultimately operate: as a taxi, without a pilot. In the long run, they argue, finding and paying pilots would be far too expensive.

This arrangement is technically possible today. Kitty Hawk and Wisk are already testing autonomous flight. But once again, convincing regulators to sign off on this idea is far from simple. The Federal Aviation Administration has never approved electric aircraft, much less taxis that fly themselves. Companies say they are discussing new methods of certification with regulators, but it is unclear how quickly this will progress.

It is going to take longer than people think, said Ilan Kroo, a Stanford professor who has also worked closely with Page and previously served as CEO of Kitty Hawk. There is a lot to be done before regulators accept these vehicles as safe and before people accept them as safe.

No one is flying in an electric taxi this year, or even next. But some cities are making early preparations. And one company has 2024 in its sights.

In another central California field not far from where Kitty Hawk and Opener are testing their prototypes, Joby Aviation recently tested its own. Called the Joby Aircraft, this polished, pointy prototype is much bigger than Heaviside, with more space in the cabin and larger rotors along the wings.

From several hundred yards away, with a traditional helicopter flying above, observers had trouble determining how loud it was during takeoff and landing. And it flew without passengers, remotely guided from a command center trailer stuffed with screens and engineers on the ground. But Joby says that by 2024, this vehicle will be a taxi flying over a city like Los Angeles or Miami. It too is planning an Uber for the skies, though its aircraft will have a licensed pilot.

Joby believes that regulators are unlikely to approve autonomous flight anytime soon. Our approach is more like Tesla than Waymo, said executive chairperson, Paul Sciarra, using this burgeoning industrys favorite analogy. We want to get something out there on the way to full autonomy.

To aid in these plans, it has partnered with Toyota to manufacture aircraft and acquired Uber Elevate, the air taxi project Moore helped create inside the ride-hailing giant. In the coming months, Joby plans to merge with a special-purpose acquisition company, or SPAC, that will take it public at a $6.6 billion valuation. Two other companies, California-based Archer and Germany-based Lilium, have struck similar deals.

The SPAC deals allow the companies to advertise ambitious business projections, something the Securities and Exchange Commission otherwise prohibits in initial public offerings. In an investor presentation, Joby touted a trillion-dollar market opportunity.

After launching in one city, the company says, it will quickly expand to others, bringing in $2 billion in revenue and more than $1 billion in gross profit within two years, according to its investor presentation. Until then, it will lose more than $150 million each year.

Reid Hoffman, venture capitalist and LinkedIn co-founder, is an investor behind the SPAC that is merging with Joby. He admires the vehicles cool factor. Its like Uber meets Tesla in the air, he said, taking venture capitalist speak to the skies. But he was most attracted to the companys potential to redefine cities, commutes and gridlock for a broad group of people.

Of the three going public, Joby is the only one whose prototype is now flying. And both its rivals are facing questions over their technology. One has been sued by Wisk, accused of intellectual property theft after poaching several engineers, and the other recently abandoned a prototype because of a battery fire.

Some believe that even with pilots in the cockpit, these companies will be hard pressed to launch services by 2024. There is a big gap between flying an aircraft and being ready for revenue, said Dan Patt, who worked on similar technology at the Department of Defense.

Flying cars may reach the market over the next several years. But they will not look or operate like the flying cars in The Jetsons. More likely, they will operate like helicopters, with pilots flying people from landing pad to landing pad for a fee.

They will be greener than helicopters and require less maintenance. They will be quieter, at least a little. And they may eventually be cheaper. One day, they could even fly on their own.

Can we do this tomorrow morning? Probably not, Thrun said. But if you squint your eyes and look at one of these prototypes, he added, you can see it happen.

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What is a flying car? - The Indian Express

Presidents Moon Jae-in and Emmanuel Macron hold talks on the sidelines of the G-7 summit in Cornwall, England, Sunday. (Yonhap)

President Moon Jae-in met with his French counterpart, Emmanuel Macron, on the sidelines of the Group of Seven summit in the southwestern British county of Cornwall.

During the 45 minute pull aside meeting, the two leaders shared their countries' measures against the coronavirus pandemic and economic conditions, according to Cheong Wa Dae spokesperson Park Kyung-mee.

Macron told Moon that France hopes to strengthen cooperation with South Korea on key technology areas. He expressed hope the two sides will boost ties, particularly in areas of cutting-edge technology, such as semiconductors and electric vehicles, and also expressed interest in areas of public health and energy.

Moon reciprocated by saying that South Korea also hopes to bolster ties in the areas, either with France or the European Union.

Macron said that cooperation in culture and education is an important axis sustaining the Seoul-Paris relationship. Moon replied by saying he hoped to see growth in bilateral exchange in terms of training and education in the fields of artificial intelligence and software.

Moon also briefed Macron on the outcome of his recent summit with U.S. President Joe Biden, expressing anticipation for positive diplomatic developments towards North Korea and the United States.

Macron, in response, reiterated his strong support toward Seouls Korea peace process initiative, Park said. (Joint Press Corps)

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Moon, Macron discuss bilateral cooperation in cutting-edge technology industries - The Korea Herald

It doesn't matter if you're a growth, value, income, or momentum-focused investor -- building a successful investment portfolio takes skill, research, and a little bit of luck.

But what's the best way to find the right combination of stocks? Because funding things like your retirement, your kids' college tuition, or your short- and long-term savings goals will definitely require significant returns.

Enter the Zacks Rank.

What is the Zacks Rank?

The Zacks Rank is a unique, proprietary stock-rating model that utilizes earnings estimate revisions to help investors build a winning portfolio.

There are four main factors behind the Zacks Rank: Agreement, Magnitude, Upside, and Surprise.

Agreement is the extent to which all brokerage analysts are revising their earnings estimates in the same direction. The greater the percentage of analysts revising their estimates higher, the better chance the stock will outperform.

Magnitude is the size of the recent change in the consensus estimate for the current and next fiscal years.

Upside is the difference between the most accurate estimate, which is calculated by Zacks, and the consensus estimate.

Surprise is made up of a company's last few quarters' earnings per share surprises; companies with a positive earnings surprise are more likely to beat expectations in the future.

Each one of these factors is given a raw score that's recalculated every night, and then compiled into the Zacks Rank. Using this data, stocks are classified into five groups, ranging from "Strong Buy" to "Strong Sell."

The Power of Institutional Investors

The Zacks Rank also allows individual investors, or retail investors, to benefit from the power of institutional investors.

Institutional investors are responsible for managing the trillions of dollars invested in mutual funds, hedge funds, and investment banks. Research has shown that these investors can and do move the market due to the large amount of money they deal with, and thus, the market tends to move in the same direction as them.

Story continues

In order to determine the fair value of a company and its shares, institutional investors design valuation models that focus on earnings and earnings estimates. Because if you raise earnings estimates, it then creates a higher fair value for a company and its stock price.

Institutional investors then act on these changes in earnings estimates, typically buying stocks with rising estimates and selling those with falling estimates; an increase in earnings estimates can translate into higher stock prices and bigger gains for the investor.

Retail investors who get in at the first sign of upward revisions have a distinct advantage over larger investors since it can often take weeks, if not months, for an institutional investor to build a position. They'll also benefit from the expected institutional buying that could follow.

Not only can the Zacks Rank help you take advantage of trends in earnings estimate revisions, but it can also provide a way to get into stocks that are highly sought after by professionals.

How to Invest with the Zacks Rank

The Zacks Rank is known for transforming investment portfolios. In fact, a portfolio of Zacks Rank #1 (Strong Buy) stocks has beaten the market in 26 of the last 32 years, with an average annual return of +25.41%.

Moreover, stocks with a new #1 (Strong Buy) ranking have some of the biggest profit potential, while those that fell to a #4 (Sell) or #5 (Strong Sell) have some of the worst.

Let's take a look at Generac Holdings (GNRC), which was added to the Zacks Rank #1 list on June 11, 2021.

Headquartered in Waukesha, WI, and founded in 1959, Generac Holdings Inc. is a leading manufacturer of power generation equipment, energy storage systems and other power products including portable, residential, commercial and industrial generators. In addition, the company manufactures light towers, which provide temporary lighting solutions for various end markets, and commercial and industrial mobile heaters and pumps that are used in the oil & gas, construction and other industrial markets. Its product portfolio also includes engines, alternators, transfer switches, mobile heaters, power washers, water pumps, energy monitoring devices and other components of outdoor power equipment for residential and commercial use. The company has a wide distribution network spanning independent residential dealers, industrial distributors and dealers, national and regional retailers, e-commerce partners, wholesalers, equipment rental companies, equipment distributors, and solar installers. It also boasts a direct sales channel to various individual customers.

Nine analysts revised their earnings estimate higher in the last 60 days for fiscal 2021, while the Zacks Consensus Estimate has increased $1.28 to $9.96 per share. GNRC also boasts an average earnings surprise of 26.1%.

Analysts are expecting earnings to grow 53.9% for the current fiscal year, with revenue forecasted to rise 42.9%.

Additionally, GNRC has climbed higher over the past four weeks, gaining 17.5%. The S&P 500 is up 1.1% in comparison.

Bottom Line

With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Generac Holdings should be on investors' shortlist.

If you want even more information on the Zacks Ranks, or one of our many other investing strategies, check out the Zacks Education home page.

Discover Today's Top Stocks

Our private Zacks #1 Rank List, based on our quantitative Zacks Rank stock-rating system, has more than doubled the S&P 500 since 1988. Applying the Zacks Rank in your own trading can boost your investing returns on your very next trade. See Today's Zacks #1 Rank List >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportGenerac Holdings Inc. (GNRC) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research

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This Top Computer and Technology Stock is a #1 (Strong Buy): Why It Should Be on Your Radar - Yahoo Finance

The new technology requires minimal manpower and does not need high-end technical adequacy for its operation that cuts the operational expense to a large extent.

Low and medium-scale enterprises in automobile, food, and other sectors would soon have access to a new wastewater treatment technology that would reduce the high costs of existing technologies for handling oily wastewater generated at their source points. The new technology, which consists of an affordable electric field-assisted membrane separation device for oily wastewater treatment, is developed by Dr Chiranjib Bhattacharjee, Professor at the Chemical Engineering Department in Jadavpur University, Kolkata. Built with support from the Advanced Manufacturing Technologies programme of the Department of Science & Technology (DST), the technology works on a combination of Electrocoagulation and Electroflotation Enhanced Membrane Module (ECEFMM) techniques for wastewater treatment, Science and Technology Ministry said in a statement.

While Electrocoagulation uses electrical charge for changing the particle surface charge, allowing suspended matter to form aggregates, Electroflotation separates suspended particles from water using hydrogen and oxygen bubbles generated by passing electricity through water, the ministry noted. So far, the separation technology running in different sectors for treating such oily wastewater involves the installation of an electrolytic cell or DAF followed by membrane unit. However, installing two separate units requires a high footprint area compared to the present unit, where two-unit operations are being assimilated in a single unit, said Dr Bhattacharjee.

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Due to the high cost of existing technologies, a large amount of untreated oily wastewater is discharged into the aquatic bodies without following the guidelines of the Pollution Control Board. However, the new technology is feasible in terms of capital and recurring investment for low-scale and medium enterprises and has a good market potential. By integrating the Electrochemical process setup with the membrane module in a single hybrid ECEFMM setup, one process has been eliminated. This significantly lowers the initial capital investment expense along with the additional advantage of reduced installation area requirement.

Moreover, the new technology requires minimal manpower and does not need high-end technical adequacy for its operation that cuts the operational expense to a large extent. The government said that the recovered spent oil can be used as an industrial burner oil, furnace oil, mould oil, hydraulic oil, etc., which would lead to revenue generation scope for low-income groups.

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This DST-backed wastewater treatment technology to reduce costs for low, medium scale enterprises - The Financial Express

Despite its long history, VPN technology has gained newfound importance in recent months, with regimes around the world using the pandemic to disguise surveillance initiatives and censorious new web regulations.

In territories with stringent internet laws, VPNs have played a critical role in unlocking online resources and fighting misinformation. And elsewhere, they have become an invaluable tool for anyone looking to keep their online activity private.

TechRadar Pro spoke to Sebastian Schaub, founder of VPN service hide.me, to hear more about the technology's role in safeguarding privacy and human rights and where the VPN industry is heading next.

We believe there will be increased adoption of WireGuard as a protocol, which is a good thing for the industry and more importantly consumers. Despite being young in comparison to more established protocols like IPsec, WireGuard is having a positive impact. What is also promising for the future ahead is an active developer community that is making moves forward here too.

VPNs play an ever more important role because of two key areas: privacy and the protection of human rights. We have always said this isnt a privilege; its a basic human right. In the online world we live in, freedom is hugely important.

And here is why this matters. Data leads to social cooling and big data is supercharging this effect. As our data is turned into millions of different scores and statistics, it limits our desire to exercise free speech. Social cooling is subtle, like global warming and it creeps up slowly but surely. VPN and encryption in general is disrupting the big data industry/companies and people should know about this as the public awareness is still very low on this subject. Now is the time to act, more than ever.

Without encryption, governments have unlimited power to automatically analyze all data. VPNs are only a small part of the equation and a tool everyone should use.

The work of Google Project Zero shows that there are vulnerabilities even in the best maintained applications. The question is not if a product can be hacked but how to minimize the negative effects.

PulseVPN is a closed source software, so it is only audited by a small number of developers. In comparison to that, we only rely on open source software that stood the test of time and mass adoption, like OpenVPN or IKEv2 IPsec or WireGuard, which have been audited multiple times by independent third parties and the source code is openly accessible. Yet open source software does not automatically mean it is secure, if no one is using or searching for vulnerabilities in it.

Big corporations usually have a slow response time to patch vulnerabilities, which creates a favorable environment to exploit them. Responsible disclosure guidelines and bug bounty programs have been adopted to mitigate and improve the overall security landscape.

No-log was often associated with something only criminals would benefit from, which is entirely wrong. The consumer demand for such policies shows the necessity to minimize data collection at every level. The fact that VPNs are adopting it just proves there is a general demand for privacy centric services that do not collect or monetise user data.

Recently there have been several high profile data breaches, despite the best assurances of companies to keep data safe. Sometimes it takes time to realise the obvious conclusion.

In 2012, the demand for encryption was low and consumer VPNs were at best a niche product. Then a major event happened, which changed everything. In 2013, Edward Snowden shed light on a global surveillance industry and accelerated the rollout of encryption. It showed people that protecting their freedoms online mattered and that they needed to take control themselves.

Today, almost every website supports an encrypted connection, there are plenty of end-to-end encrypted messengers and the focus has entirely shifted to the need of secure communications. Needless to say that VPNs are a part of this revolution and thanks to its many use cases, everyone knows what a VPN is and why you should use one.

Thats a huge milestone to reach but our focus as always is to continue growing and improving our product without making compromises on our users' privacy. This principle is at the heart of everything we do. We will continue to focus on VPN features that our competitors dont offer, improve the user experience for our customers and are constantly listening to their feedback.

Consumer bandwidth increases and IPv6 will be widely available soon. Many VPNs are not prepared for that, as they only support IPv4 and block IPv6. Hide.me supports IPv6 natively on all locations and well roll out 10G servers over the next few years to meet the demand.

We believe the adoption and usage of VPNs will grow even more - the exponential growth the industry has experienced shows no sign of slowing.

In the next 10 years, we will need to spread a more mature and nuanced perception of data and privacy. They say that data is the new oil and its damaging us all the same (not in the same ways though). Its our responsibility as a VPN company to preach how online privacy is our right and a must and we have a right to be imperfect and free about it, not to worry where our data will end and what will come out of it.

Audits are generally welcomed as they build trust, but are no silver bullet because any claim only provides a momentary picture. A provider can easily delete or disable logging and turn it on after the audit again. Nevertheless an audited provider is more trustworthy than ones without. Long term operating records, whether the provider handed data over to authorities or had a data breach in the past, are more useful to look at - it allows consumers to analyze which provider to trust.

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VPN is still the most important tool in your technological arsenal - TechRadar

TYSONS, Va.--(BUSINESS WIRE)--DXC Technology (NYSE:DXC), a leading technology services company today announced that it has appointed Brenda Tsai as Executive Vice President and Chief Marketing and Communications Officer. Tsai will report to DXC President and Chief Executive Officer Mike Salvino. Tsai will be responsible for leading all areas of the DXC global marketing and communications function.

Brenda is a strategic, result-oriented leader who brings deep marketing experience to DXC, Salvino said. Shes an outstanding addition to our leadership team and will play an integral role in helping to drive DXCs continued transformation and next level of growth.

Im thrilled to join DXC and this accomplished team, Tsai said. DXC is in a great position to grow and win in the market and I see the great opportunities and possibilities ahead for further amplifying DXCs story.

Tsai has had over 26 years of experience helping complex, global blue-chip companies transform and drive business growth through purpose-driven brand building, data analytics, digital and demand generation. She has worked on a global scale across a range of sectors, including financial services, technology, and manufacturing. Prior to joining DXC, Tsai has held senior roles in top-tier companies, including BNY Mellon, GE and P&G. Tsai holds a BA from Stanford University and an MBA and MA from The University of Pennsylvania.

About DXC TechnologyDXC Technology (NYSE:DXC) helps global companies run their mission critical systems and operations while modernizing IT, optimizing data architectures, and ensuring security and scalability across public, private and hybrid clouds. With decades of driving innovation, the worlds largest companies trust DXC to deploy the Enterprise Technology Stack to deliver new levels of performance, competitiveness and customer experiences. Learn more about the DXC story and our focus on people, customers and operational execution at http://www.dxc.com.

All statements in this press release that do not directly and exclusively relate to historical facts constitute forward-looking statements. These statements represent current expectations and beliefs, and no assurance can be given that any goal, plan or result set forth in any forward-looking statement can or will be achieved, and readers are cautioned not to place undue reliance on such statements which speak only as of the date they are made. Such statements are subject to numerous assumptions, risks, uncertainties and other factors that could cause actual results to differ materially from those described in such statements, many of which are outside of our control. For a written description of these factors, see the section titled Risk Factors in DXCs Annual Report on Form 10-K for the fiscal year ended March 31, 2021, and any updating information in subsequent SEC filings. We do not undertake any obligation to update or release any revisions to any forward-looking statement or to report any events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events except as required by law.

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DXC Technology Welcomes Brenda Tsai as Chief Marketing and Communications Officer - Business Wire

Virtual reality (VR) and augmented reality (AR) arent just for gaming anymore, theyre also proving to be useful tools for disaster safety research. In fact, they could save lives.

Around the world, natural and human-made disasters such as earthquakes, bushfires and terrorist attacks threaten substantial economic loss and human life.

My research review looked at 64 papers on the topic of using AR and VR-based experiments (mostly simulating emergency scenarios) to investigate human behaviour during disaster, provide disaster-related education and enhance the safety of built environments.

If we can investigate how certain factors influence peoples decisions about the best course of action during disaster, we can use this insight to further construct an array of VR and AR experiments.

Research has shown the potential of AR and VR in myriad disaster contexts. Both of these technologies involve digital visualisation. VR involves the visualisation of a complete digital scene, whereas AR allows digital objects to be superimposed over a real-life background.

VR has already played a key role in designing safety evacuation systems for new buildings and infrastructure. For example, in past research my colleagues and I have used VR to identify which signage is the best to use in tunnels and buildings during emergency evacuations.

In these studies we asked participants to rank different signs using a questionnaire based on the theory of affordances, which looks at what the physical environment or a specific object offers an individual. In other words, we explored how different signs can be sensed, understood and used by different people during emergencies.

Before building expensive new infrastructure, we can simulate it in VR form and test how different evacuation signage performs for participants. In the case of signage for tunnel exits, research showed:

green or white flashing lights performed better than blue lights

a flashing rate of one flash per second or four flashes per second is recommended over a slower rate of, say, one flash per four seconds.

LED light sources performed better than single and double-strobe lights.

In another non-immersive VR study, we observed participants behaviours and identified which sign was the best to direct people away from a specific exit in case of an emergency (as that exit might lead towards a fire, for instance).

The results showed red flashing lights helped evacuees identify the sign, and the sign itself was most effective with a green background marked with a red X.

VR and AR are uniquely positioned to let experts study how humans behave during disasters and to do so without physically harming anyone.

Read more: What is augmented reality, anyway?

Research projects have tested how AR superimpositions can be used to guide people to safety during a tsunami warning or earthquake.

In theory, the same approach could be used in other contexts, such as during a terror attack. AR applications could be built to teach people how to act in case of terror attacks by following the rule of escape, hide and tell, as advised by the government.

Such virtual applications have great potential to educate thousands of people quickly and inexpensively. Our latest VR study indicated this may make them preferable to traditional training.

Read more: Antarctica without windchill, the Louvre without queues: how to travel the world from home

In some of our experiments, several participants were immersed in simulated fire emergencies where they had to evacuate. We investigated the factors that influenced how participants navigated a space to reach an exit, and how they chose between several exits in different fire and social conditions.

Studies on this front have highlighted humans are social animals. In line with social influence theory, they tend to follow other people during emergencies. This is a crucial consideration for authorities tasked with designing or implementing disaster evacuation protocols.

Another common behaviour observed was that participants tended to use exits they were already familiar with.

While these findings arent necessarily surprising, they help confirm existing theories about public evacuation behaviours. They also help reinforce observations made during real-life evacuation scenarios where human lives can hang in the balance.

The next challenge is to ensure that in the future, advanced AR and VR-based training applications do not traumatise or distress participants.

Its worth noting that in the experiments there were no signs of panic among participants. Indeed, research has shown feeling panicked is very rare in fire scenarios.

Rather, participants took several factors into account before choosing what they deemed was the best option. Generally, people in disaster situations try hard to choose the most reasonable option; whether it leads to danger is another matter.

Our research can help enhance the safety design of buildings, transport terminals and general evacuation protocols. In the meantime, its reassuring to know people will more or less rely on their rationality in emergency situations.

This story is part of a series The Conversation is running on the nexus between disaster, disadvantage and resilience. It is supported by a philanthropic grant from the Paul Ramsay foundation. You can read the rest of the stories here.

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Proceed to your nearest (virtual) exit: gaming technology is teaching us how people respond to emergencies - The Conversation AU

UK and US will develop a new partnership on science and technology to strengthen collaboration between our countries, creating jobs and protecting security

Partnership will help progress the principles enshrined in the new Atlantic Charter agreed by the Prime Minister and President Biden at a meeting in Cornwall today

Future cooperation will build on the Digital Secretarys 10 Tech Priorities, the UKs R&D Strategy and the governments Integrated Review

The UK and US have today agreed to deepen ties on science and technology and create a new era of strategic cooperation in the field.

As part of US President Joe Bidens visit to the UK and under the framework of the revitalised Atlantic Charter, the two countries have agreed to develop a landmark science and technology partnership to strengthen the valued UK-US relationship, creating jobs and protecting the security of our citizens.

Both nations have set out their ambition to continue to lead the world in research and development, investing in our expertise and capacity to create wealth and tackle inequality, and ensure the values of liberal democracies, open societies and open markets are embedded in the design and use of technology globally.

The partnership will explore a number of areas for cooperation including research, innovation and commercialisation; defence, security, law enforcement and intelligence; and making sure technology is used as a force for good around the world. Officials from both countries will work to develop the partnership over the course of the next year.

It aims to strengthen cooperation in areas such as the resilience and security of critical supply chains, battery technologies, and emerging technologies including artificial intelligence (AI) and to improve the accessibility and flow of data to support economic growth, public safety and scientific and technological progress.

It will see the countries work towards a new statement of intent to help realise the full potential of quantum technologies, which use the properties of quantum physics to dramatically improve the functionality and performance of devices, develop proposals on future technology such as 6G and strengthen collaboration on digital technical standards.

The two nations have also committed to continue to broaden collaboration on science and technology to help facilitate world-class research and influence the rules, norms and standards governing technology and the digital economy.

The countries hope to combine their expertise to tackle global challenges such as cancer, pandemic preparedness, antimicrobial resistance, and climate change, including through closer coordination between the Prime Ministers Council for Science and Technology and the Presidents Council of Advisors on Science and Technology, and through closer collaboration between US and UK senior science and technology advisers.

Digital Secretary, Oliver Dowden said:

In the 80 years since the Atlantic Charter was signed, technology has changed the world beyond recognition.

But the goals that underpin it still bind the US and UK together today: support for democracy, open societies and free markets.

Todays announcement marks a new era of cooperation with our closest ally, in which we commit to using technology to create prosperity and guarantee the safety and security of our citizens for years to come.

Business Secretary Kwasi Kwarteng said:

The United States is our closest ally and most important research partner a partnership which harnesses the power of the free market, science and new technology to address some of humanitys greatest challenges, from antimicrobial resistance to preparing for future pandemics.

The landmark new partnership announced today will deepen those all-important ties and ensure Anglo-American research can continue to develop new technologies to generate wealth and prosperity for the good of mankind for generations to come.

Presidential Science Adviser and Director of the Office of Science and Technology Policy, Eric Lander, said:

There are few relationships as consequential as the transatlantic partnership between the United States and United Kingdom in science and technology.

We share a belief in the power of science and technology to improve health, prosperity and security, and a commitment to the importance of investigator-driven research, freedom of inquiry, and equitable participation in the S&T enterprise.

Together, we will seek to set a positive example of how countries can work together to solve the critical and transnational challenges of the 21st century, including pandemic preparedness, climate change, and cancer.

Government Chief Scientific Adviser, Patrick Vallance, said:

I welcome this closer collaboration which will bring together the best of UK and US scientists and engineers. By combining our expertise to tackle global challenges, such as cancer, climate change, and pandemic preparedness, we can make a real difference and improve peoples lives.

The UK and the US are already global leaders in technologies such as cyber security and AI. Research published by Tech Nation shows the AI sector is worth 32.6 billion and home to more than 1,300 AI companies including firms such as DeepMind. The cyber sector now employs more than 50,000 people in the UK and is worth an estimated 8.9 billion.

Dealroom data shows the UK is Europes undisputed tech hub, with 11.3 billion ($16 billion) of venture capital being pumped into the sector in 2020, more than France and Germany combined, and the number of billion dollar tech unicorns jumped from 10 to 81 over the same period.

Both governments are backing new technology and innovation. A ten-year National Quantum Technologies Programme, which is set to see over 1bn in private and public investment, has positioned the UK as a global leader in the field and in 2018 the US authorised over $1 billion to advance quantum technologies, with three NSF Quantum Leap Challenge Institutes and five DOE national research centres announced in summer 2020.

The UK government will invest 14.9 billion in R&D this year, bringing investment to its highest level in four decades. This is a major step towards our commitment to increase total public and private R&D investment to 2.4 per cent of GDP by 2027 and includes 200 million for the Net Zero Innovation Portfolio to set the UK on the path to a low carbon future.

This funding includes investment in world leading science and advanced mathematics, and in developing net zero energy technologies. It will also nurture the talent and skills of the next generation including through the STEM Ambassadors Network and the CREST Awards to ensure that we continue to produce diverse cohorts of world-leading scientists and engineers.

The future partnership being announced today will build on these investments alongside the Digital Secretarys Ten Tech Priorities which laid out how the government will aim to lead the global conversation on tech, keep the UK safe and secure online, and champion free and fair digital trade.

It will also build on the Prime Ministers Integrated Review, which outlines how the government will take a more active approach to science and technology - using it to shape and bolster the UKs policy ambitions and to influence the design and use of new technologies in line with democratic values.

And, later this year, the government will publish its Innovation Strategy which will set out plans to promote and stimulate innovation in all corners of the country.

Earlier this year the Digital Secretary spoke with his US counterparts to emphasize the importance of global collaboration to protect people online and drive the international debate in this area and used the G7 meeting of digital ministers to agree a declaration to put technology at the heart of global efforts to build back better from the pandemic.

Notes to editors:

Contact DCMS press office 020 7211 2210.

Read the Atlantic Charter

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UK and US agree to strengthen ties in science and technology - GOV.UK

Jun 12, 2021

Just over a year ago, a group of eventers launched a fundraising campaign to raise $500,000 for the construction of frangible fences on cross-country courses at the Preliminary level and above around the country. With the overwhelming support of the eventing community, the USEA Foundation, the USEF, and a matching donation from the Manton Foundation, the goal was reached in less than 12 months.

The USEA Foundation Frangible Technology Fund Committee was formed to develop guidelines and oversee the distributions of the funds. The Committees first initiative was to make available frangible technology for table fences on Preliminary courses and above. The program then expanded to include the Modified level as well as provide frangible hardware for other types of fences including oxers, gates and walls, and corner fences.

In a year with significant financial restrictions, these grants enabled USEA national events to continue to improve their cross-country courses. As an organizer, having the Frangible Technology Fund has boosted our efforts to continue prioritizing safety in our sport with the cross-country fence construction. Having accessible funding keeps the momentum strong for organizers and course designers to keep improving obstacles, said Gretchen Butts, owner, and Organizer of Waredaca Farm Horse Trials in Gaithersburg, Md. As an official, I have seen what happens when things go wrong and a horse does break a clip, collapsing the fence but saving the serious injury that would likely have resulted otherwise. Having the frangible safety mechanisms in place clearly lessens the consequences and keeps both horses and riders safer, which is our goal.

In total, the USEA Foundation has raised more than $770,000 in total funds for frangible research, with over $519,000 specifically allocated for the Frangible Technology Fund. Through the fund, a total of 375 grants have been awarded to 130 venues all over the United States. Each grant awarded consisted of $1,000 USD and a chosen frangible hardware kit, enabling each event to construct a new frangible fence for their course. USEA cross-country builders have been busy constructing brand new, beautiful, and safer fences that will debut on courses for 2021. Keep a lookout for 180 new frangible tables, 76 collapsible oxers, 57 new gate and wall jumps, and 61 frangible corner fences!

Diane Pitts, Chair of the Board of Trustees of the USEA Foundation said, The USEA Foundation is proud to have played a role in developing the Frangible Technology Fund and providing grants for the construction of frangible fences. The Foundations role is to support the initiatives and purposes of the USEA and one of the USEAs key goals has always been increasing safety in our sport. The USEA and the USEA Foundation have worked continuously toward this goal, from developing and funding studies of frangible technology in 2008 and 2016 in conjunction with the University of Kentucky to joining in and administering the Frangible Technology Fund. The USEA and the USEA Foundation will continue to do whatever we can to make the sport of eventing as safe as possible. I would like to thank the staff of the USEA for their diligence in keeping track of the grant program and distributing the frangible technology. In particular, Hannah Seagle has gone way above the call of duty to make sure everything got to the right place in a timely manner.

All the new jumps commissioned by the USEA Foundation Technology Fund can be identified by a special plaque. You can follow along with program updates and find photos of the newly constructed obstacles near you at USEAFoundation.org/Frangible-Technology. Anyone can contribute to the Frangible Technology Fund or any of the other important efforts of the USEA Foundation by visiting https://useafoundation.org/donate.

About the USEA Foundation

The fundamental mission of the USEA Foundation is to protect and preserve the sport of eventing for future generations and to provide support for the core educational, safety, and equine welfare programs of the USEA. In addition, the Foundation administers educational grants for riders with the intent of preparing them to reach their goals. Learn more about the USEA Foundation at http://www.useafoundation.org.

About the USEA Foundation Grants

The USEA Foundation is honored to administer a number of grants and scholarships, all designed to assist event riders to reach their goals. The grants provide funds to be used for coaching, training and participating in competitions aimed at advancing the skills of both horse and rider. Click here to learn more about the grants administered by the USEA Foundation.

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The Frangible Technology Fund Expands Across the United States - United States Eventing Association