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Category Archives: Technology
20 ways to beat China with technology, culture and policy – FierceElectronics
Posted: August 31, 2020 at 8:05 pm
The continuing U.S. trade imbroglio with Huawei is one example of ways China will prove to be the single most significant global business disruptive force in the coming decade, according to a new study released Monday by the non-partisan Information Technology and Innovation Foundation.
Relations between China and the U.S. and other western nations will prove to be more important than advances in seismic technologyin artificial intelligence or quantum computing, according to the authors of Competing with China: A strategic framework.
China looms as the single most significant business disruptor over the full course of the 2020even more than artificial intelligence and everything else going on in the digital world, they write. A rising China is now the leading edge of change.
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The authors set out 20 steps that the U.S. and other nations of the West should take to win economic competition against China. Among them: provide direct financial grants and tax breaks to Western companies to reduce dependencies on Chinese technology and materials. Also: create government tax incentives for investments by U.S. and allied companies in R&D, skills and capital goods.
The study also takes a big-picture view, including expanding the market of competitors lined up to oppose China. That approach includes trade integration agreements between the U.S. and other nations in the Americas, a U.S.-India free trade and a U.S.-E.U. trade agreement.
Although China will eventually become the worlds biggest economy, it will still only be about 15% of the global GDP, the study adds. If large portions of the rest of the world are highly integrated economically, they will add up to far more than that. That means avoiding excessive nationalism and protectionism in much of the non-Chinese world.
The studys authors are David Moschella and Robert Atkinson. Atkinson founded ITIF, while Moschella heads the Leading Edge Forum and formerly headed up worldwide research at International Data Corporation.
They also take on China for oppression of Tibetans and Uighurs as well as crackdowns on Hong Kong but said a greater competitive mindset with the West and China is needed. Noting that China has lifted its nation from an impoverished status to a global superpower in less than 50 years, they add, perhaps China has something to teach the West as well.
In one lengthy discussion, the authors tackle the questions of how best to deal with Huawei, noting that Huawei is both a major customer for Intel, Broadcom and Qualcomm, but also is viewed as a national security risk by the U.S., the UK and Australia. The Huawei case has suddenly brought U.S./China tensions to a head, they write. Although its certainly possible that tensions will defuse, it increasingly looks like a win/lose economic struggle that will test which nation is stronger and which is likely to prevail insemiconductors, drugs and aerospace.
RELATED: Major semi trade groups blast Trump crackdown on Huawei
They also analyze eight economic sectors affected by Chinas economic disruption, from defense to banking and IT. For IT, they argue: Its no secret that China seeks to be both self-reliant and a global leader in AI, robotics, autonomous systems, drone, 5G/telecom, semiconductors, facial recognition, quantum, and other emerging areas. As these technologies will underpin just about every other industry sector, this is arguably the most important competition of all.
One of the authors 20 recommended steps calls for leveraging English as the countries speaking English will account for a greater GDP, especially as India modernizes. There is little chance that Chinese will rival or replace the global role of English for many decades, if ever, they write.
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Smart Eye Technology Launches the World’s Only Screen Privacy and Document Security Platform – PRNewswire
Posted: at 8:05 pm
In today's work-from-anywhere culture millions of files includinginvoices, Intellectual Property and financial informationare shared everyday through non-secure channels such as mobile devices making it more important to protect against all forms of cybercrime.Through multilevel biometric verification and continuous facial recognition, the Smart Eye platform prevents document leaks, fraud and forgery as well as visual hacking.
"Nobody should have to worry about someone looking over their shoulder or unauthorized users gaining access to sensitive documents such as photos, invoices and contracts it's none of their business," said Dexter Caffey, Founder of Smart Eye Technology. "Smart Eye has created a new sector in cybersecurity technology to ensure that screens and documents are protected at all times, finally giving businesses and individuals the peace of mind they deserve."
When a user views a document on their phone in the Smart Eye app and someone comes into view of the screen, a warning sign pops up blocking their view and alerts the user. When sharing documents through Smart Eye, access is authenticated through multiple levels of biometrics including;
The sender also has complete control over whether the document can be downloaded or shared; how long the recipient has access; and can terminate access even after the document has been sent.
Smart Eye is also bringing credibility to the e-signature. Many businesses today use e-signature platforms that lack critical verification of the signatory. Smart Eye's platform requires contracts and agreements being signed electronically to be verified by the intended signer through facial recognition and by comparing the user to a photo ID on file. This ensures only the intended signer can complete the form.
For more information or to schedule a demo of Smart Eye's innovative document security solutions, visit http://www.smarteyetechnology.com.
About Smart Eye Technology
Smart Eye Technology is revolutionizing the way businesses and individuals protect their screens and confidential documents from prying eyes. We offer the most advanced multilevel biometric authentication process and end-to-end encryption that ensures screen privacy and user-to-user document security in one turnkey platform. With Smart Eye, sharing and viewing files and signing confidential documents has never been more secure, providing our customers a peace of mind by vigilantly protecting their right to digital privacy and security no matter where they are.
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Carnegie Robotics Launches Thoro.ai to Commercialize Robotics Technology for Autonomous Cleaning and Disinfection – Daily Local News
Posted: at 8:05 pm
PITTSBURGH, Aug. 31, 2020 /PRNewswire/ -- Pittsburgh-based robotics technology firm Carnegie Robotics LLC today announces the launch of Thoro (thoro.ai), a spin-off focusing on the commercialization of its proven Autonomous Mobile Robotics (AMR) technology for the cleaning and disinfection equipment industry.
Thoro is the result of extensive development by Carnegie Robotics of state-of-the-art perception and intelligent navigation technology that safely navigates machines around people in public spaces to perform useful work.
"Our mission is to create reliable, cost-effective, industrial-grade robotic solutions that enable the equipment to function as an extension of the cleaning workforce. Thoro technology is about being 'thorough'using robotics and artificial intelligence to ensure a new standard of clean in public spaces," said John Bares, CEO of Carnegie Robotics.
This technology has been pioneered within the commercial cleaning industry with industry partner Nilfisk. It is embedded in the Nilfisk Liberty SC50 Autonomous Scrubber, which is available to customers worldwide. Nilfiskis a leading global provider of cleaning equipment and a customer of and investor in Thoro.
Hans Flemming Jensen, head of corporate affairs, and member of the executive leadership team at Nilfisk said, "Nilfisk has a clearly stated goal to be the leader in intelligent cleaning, and the collaboration with Carnegie Robotics around the launch of Thoro is a natural continuation of our work to achieve that goal. We believe robotic innovation is integral, in fact critical, to driving cleaning excellence. With Thoro and our continued collaboration with leading technology companies, we are benefiting from our commitment to this belief and our investment in this technology."
To that end, Bares noted that both Carnegie Robotics and Nilfisk recognize that the autonomous technology in the SC50 is a valuable platform for cleaning and disinfection applications generally. Next steps for Thoro are to explore and develop additional integrated technologies in cleaning and disinfection, such as with UVC, advanced mechanical controls, and user-interface technologies for challenges in healthcare and crowded public spaces and, over time, to investigate opportunities outside of cleaning.
About NilfiskNilfisk is a leading global player within the professional cleaning industry. With more than 110 years of innovation experience, Nilfisk is dedicated to delivering reliable solutions and products of high quality that pave the way for a safer, more productive, and cleaner day for millions of companies and private homes around the world. Nilfisk has sales operations in more than 40 countries, and its products are sold in +100 countries. Read more at http://www.nilfisk.com.
About Carnegie Robotics, LLCCarnegie Robotics, LLC, is an ISO 9001:2015 certified supplier of advanced robotics sensors and systems for defense, agriculture, mining, heavy-equipment, and commercial applications. Since 2010, Carnegie Robotics has grown to fulfill the increasing demand for reliable and environmentally robust components and systems that provide perception and intelligence for Autonomous Mobile Robotics (AMR). CRL partners with major equipment suppliers, OEMs and early-stage companies to deliver reliable, disruptive, autonomous technology to traditional markets. For more information visit http://www.carnegierobotics.com.
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From a buzz to biz lever: How new technology is becoming central in a post-Covid world – Economic Times
Posted: at 8:05 pm
Industry 4.0, robotics, artificial intelligence all were thought of more as buzzwords than necessary business interventions until recently. But the coronavirus pandemic has forced us to reconsider not just how we consume things but also how we produce them. The Economic Times got together the leaders of four companies at the forefront of the adoption of automation and artificial intelligence in manufacturing. Fast-changing business realities are forcing manufacturers to innovate and rethink age-old conventions, they said at The Economic Times-Back to Business Dialogues - Automating Business, Accelerating Growth: Increased role and impact of automation in manufacturing. The sessions moderator, Daisy Chittilapilly, set the tone for the conversation around the fourth industrial revolution and Covid-19 by quoting Lenin: There are decades where nothing happens; and there are weeks where decades happen. Excerpts:
DAISY CHITTILAPILLY, MANAGING DIRECTOR, DIGITAL TRANSFORMATION OFFICE, CISCO INDIA & SAARCWhat are some of the new behaviours, habits and rules that are shaping your industry today and will have a long-lasting impact on the manufacturing industry in the country post-pandemic?
SANJEEV SHARMA, MD, ABB INDIA Our ability to adapt and to be able to serve our customers with the kind of restrictions these circumstances have put on us has increased. And, for us, the ability to service customers remotely with the expertise they used to get at their plant is one of the crucial factors. And thats where we are seeing quite a strong shift in behaviour, both on the customer side in accepting it and in our abilities to deliver it.
SUNIL MATHUR, MD, SIEMENS INDIA We are in an environment that is getting more and more volatile every day. At the same time, customers are becoming even more demanding. The challenge that most manufacturing companies are facing is how to balance these two.
All that put together, I think this is exactly the right time to be discussing how automation and digitalisation can provide these benefits of greater efficiencies, greater cost competitiveness, productivity and shorter time to market.
PAWAN GOENKA, MD, MAHINDRA & MAHINDRAAnytime there is a crisis, all organisations and customers go through a behaviour change. But if I go back to the last 3-4 crises, the changes reverted to what it used to be before, after some time. I think thats a big difference this time the changes are here to stay. And the reason is that we have realised that it is all for the better. Coming to the consumers, there is going to be the digitalisation of everything, whatever we do. Touchless selling is going to be the big thing where customers want everything sitting at home not just for convenience but for safety and for maintaining social distancing. How we sell things will go through a complete overhaul. For example, with cars, the need for physical dealerships, salespeople or test drives all of that will go through a change.
The impact of that on business will be that the way we do planning, going all the way back to the tier-III supplier, would be a lot more efficient. Since everything is digital, a lot more artificial intelligence (AI) can come in and well be able to predict demand much more precisely. Therefore, the whole supply chain will get compressed. The kind of inventories we carry today, which in the auto industry from end-toend would be about two months, could come down to one month. If the inventory is half, you are taking out a lot of working capital, space requirement, and a lot of loading-unloading that happens.
Automation is going to benefit the most out of this whole thing because of the need for social distancing at our plants. Automotive plants are never designed for social distancing. How do we maintain distancing there? By replacing a human with a robot in some places. And thats the reason automation will become a lot faster than the normal speed at which it was going to grow.
CHITTILAPILLY: When you talk to clients, are there any new points and considerations with regards to the automation conversation?
MILAN SHETH, EXECUTIVE VICE PRESIDENT, IMEA REGION, AUTOMATION ANYWHEREWe always assume that the physical goods which get delivered have to be coupled with a physical process. One fundamental shift that we see across customers is that digital solutions are now being thought first and then where physical touchpoints are needed is thought later. At least in the services industry that shift has happened. They are talking about whether to keep branch offices and distribution offices.
Probably the manufacturing industry will take a while to follow. There is also the thought process to bring automation to improve productivity in the entire cycle and not just the manufacturing process. For example, a shipment reaching from port to the factory involves three days of processing time at the port, two-days of trucking and then some time for offloading. While automating these processes doesnt add to manufacturing productivity, it helps in reaching faster to the customer.
And finally, the conversation on technology is no longer a CTO/CDO-only domain. People involved in operations and the business leaders now have a strong view about this.
CHITTILAPILLY: If automation is a subset of Industry 4.0, how easy is it to embrace the fourth industrial revolution and how ready are we?
GOENKA: We first need to take a step back and define what is industry 4.0. Many people think that it simply means automation, which is not true. Industry 4.0 is to put the end consumer at the centre of everything. The roadblock is that the competitive advantage of being an industry 4.0-enabled company is not so easily seen yet. The moment a company sees this, they will work on achieving it.
There is also a perceived sense of it not being affordable. The costs that it (industry 4.0 implementation) saves are sometimes unseen costs, it doesnt go into the cost of supplying a product.
SHARMA: We have about 8,000 robots globally working at customer locations. We are connected with them online and we monitor them out of the India centre. This equipment is giving us a lot of data and so we are able to analyse what kind of issues can come in different equipment. By using AI and ML routines on top of the data that we have gathered for the last 5-6 years, we are able to predict certain reliability issues for the customers. We can predict when they need to plan routine maintenance or maybe do a small intervention so that there is no outage and the availability of the production line is higher. That is one example.
CHITTILAPILLY: Are the talks on industry 4.0 and automation equally applicable to small and medium businesses?
MATHUR: If anything, it is even more applicable to small and medium businesses. Everyone is talking about how industry 4.0 takes a lot of capex and how it is very complicated. We decided to do an experiment. We have a factory in Mumbai where we were manufacturing 80 variants of conductors. We needed to do many more, but there just wasnt a business case for it as an additional business line was needed to put in and it needed a lot of capex. We instead decided to implement automation into the process. We went from doing 80 variants on three lines to 180 variants on one line. Production time went from 21 seconds down to 9 seconds and a lot of space was saved too. We used the same labour to produce three times as much. That is the real benefit for small and medium enterprises who dont have the money to expand.
SHETH: It is unfortunate that only larger industries are where technology and digital changes are being adopted. One of the reasons other than capital is also the talent. The talent pool in an SMB (small and medium business) is either focused on revenues or operations. Where the digital or technology element occurs, there is a talent gap. In Germanys SMB ecosystem, there are a variety of cloud-based service providers for SMBs to consume. Unfortunately, today we dont have a similar ecosystem in India.
CHITTILAPILLY: If you were to go back a year, would automation help you to deal with Covid-19 better than it is being dealt with now?
GOENKA: I would probably say that if I had known Covid-19 is coming, I dont think we would have done anything much differently. Because we were already on a path of automation. In some sense, we are lucky that Covid-19 didnt happen two years ago. The kind of digital tools available today are a lot more and a lot better than they were two years ago. I think we did very well as a country. The way the Government of India has digitised is mind-boggling.
CHITTILAPILLY: We are challenged by an economic downturn. Do you think automation has a role to play in addressing cost as an outcome?
SHARMA: Most of the time, automation leads to a reduction in cost, but not all the time. That is why it is very important that when you deploy automation as a process or a plan, you should be very clear what kind of return you will be expecting out of that investment. If you keep customers as the centricity of the organisation, automation makes a lot of sense.
You make the processes more predictable, repeatable and measurable so by the time you finish producing the product, you have not only manufactured it within the assured standards, but you also have captured the data about it. In case an issue props up, you can do the root cause analysis and overwrite it with customer experience.
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Vodafone Institute: Empowering women worldwide with technology – The F-LANE social ventures accelerator kicks-off its 2020 programme with 10…
Posted: at 8:05 pm
BERLIN, Aug. 31, 2020 /PRNewswire/ --F-LANE is Europe's first accelerator with a focus on early-stage social impact start-ups that utilise technology to empower women worldwide. The F-LANE expert jury selected the ten most convincing young companies out of 455 applicants. The finalists are start-ups and social ventures from UAE, Rwanda, Uganda, Kenya, Chile, Brazil, United Kingdom, Pakistan, Sweden and Denmark. Their business models range from healthcare platforms, trusted mobility services and financial services for women up to services for children with special needs. The accelerator programme will kick-off on 7th September.
The Vodafone Institute launched F-LANE in 2016 and has since committed to supporting social ventures that empower women through technology. Due to the worldwide COVID-19 pandemic, the accelerator program will be running virtually for the first time. The Vodafone Institute took this as a chance to double the number of participating start-ups from five to 10 teams. This allows the diversity and regional scope of the startups to be even greater than in the previous years.
The accelerator will start with a five-week programme which includes personalised support, mentorship, training, networking and access to an impact investor network. The grand finale will be the virtual Demo Day on 5th November 2020 with investors and decision-makers from business, media and politics. Inger Paus, Managing Director of the Vodafone Institute for Society and Communications: "We want to support the scaling of social business models which have the potential to change the economic opportunities, wellbeing and future prospects of girls and women worldwide. Technology solutions as well as the collaboration of social business and thought leaders with companies such as Vodafone play a key role to foster social progress. The fact that the number of applicants for F-LANE has doubled in 2020 underscores the importance of social accelerator programmes."
The F-LANE 2020 teams:
1.Hive Online (Sweden, Denmark, Rwanda)
Hive Online is a distributed community finance platform that enables financially excluded entrepreneurs (rural women in Africa) to gain access to credit and new markets. Built with blockchain technology, their solution provides a financial trust history based on facts and business actions. This reputation-based platform builds confidence for businesses, NGOs, merchants and financial institutions to support small business ecosystems and offer them an alternative to the exorbitant prices of local lenders.
2. Nabta Health(United Arab Emirates)
Nabta Health is a hybrid healthcare company combining digital and traditional methods to improve the health outcomes for women in the identification and management of Non-Communicable Diseases (NCDs). Nabta's first care pathway supports women in identifying and managing Polycystic Ovary Syndrome (a hormonal disorder responsible for 70% of female fertility issues) through fertility tracking and monitoring, at-home testing, virtual consultations and a machine-learning driven personal assistant named Aya.
3.Bidhaa Sasa (Kenya)
Bidhaa Sasa is a finance and last-mile distribution company offering a range of household goods that improve the quality of life of rural families - especially women. The products including solar lamps, efficient stoves and water tanks, are chosen to save users time, money and physical effort. To make these products more affordable, Bidhaa Sasa offers a credit system backed on group liability so that clients can pay in installments and goods are delivered directly to the customer's door. They increase the accessibility of their products by harnessing the local networks of the women's lending groups to commercialise their products and spread the word.
4.Zoora (Uganda)
Zoora is a digital platform for members of VSLAs (Village Savings and Loan Association) to access both training, a safe record keeping tool and access to agricultural inputs. They educate these women on how to self-tutor using mobile phones. Equipping these women with skills as well as helping them store their data is the premise to them getting loans from financial institutions and being able to build up their livelihoods. They offer agricultural inputs as a form of credit as well which is another way in which these women can start building up wealth.
5. Akojo Market (United Kingdom)
Akojo Market is an e-commerce platform and marketplace championing independent brands (mostly female-founded) operating sustainable and ethical manufacturing processes and business models. By giving their brands a route to market in the UK, they give opportunities and a dignified income for artisans and their families. They work alongside their brands by providing resources and guidance to help them grow their business, for example by improving their working conditions and financial viability.
6.ProyectoMoms (Chile)
ProyectoMoms is an online platform and community that connects professional women to companies that are hiring. They are helping companies create a flexible work culture within their companies to be able to hire women that do not want to choose between their families and their careers. With the help of their algorithm, they can identify the best talent for each position in seconds - helping corporates hire the right candidate and increase their diversity. ProyectoMoms empower women to return to their careers after becoming a mother, to combine their family life with developing their skills and achieving economic independence.
7.SheKab(Pakistan)
SheKab is a monthly carpooling app especially and carefully designed for professional women in Pakistan to travel freely on fixed schedules. Harassment on public transport is a major issue in Pakistan and limits women's mobility and freedom. This subscription-based service is a safe, reliable and affordable way for women to move freely while the cab drivers earn a stable monthly income with just a few hours of driving a day. The drivers are trained and interviewed to ensure safety.
8.Autsera (UK)
Autsera leverages the power of Virtual Reality to deliver social and communication training to autistic children hindered by social communication barriers. Their interactive games and apps combines evidence-based intervention techniques, gamification and human-centered design. By learning these social skills, children can better integrate and communicate, become more independent and less vulnerable. This solution relieves a lot of stress and difficulty for the individuals as well as their families especially mothers who are often responsible for a bigger share of the care responsibilities.
9.Mete a Colher (Brazil)
Mete a Colher supports Brazilian women who are victims of domestic violence. Their Tina platform is a service bought by corporates who want to provide their female employees a way of accessing guidance and professional support when they experience any kind of violence at home. Through an anonymous chat, an employee can have a conversation with a social worker and psychologist. When necessary, they forward it to the relevant support centers or police departments. Tina professionals oversee the evolution of the case with the victim as well as the support networks.
10. LuluLab(Denmark)
Lulu Lab develops engaging and educational games to change traditional education and lift the taboo on topics such as reproductive health, menstrual hygiene and sexual rights. They provide the games as a service to international organizations and NGOs who deploy them for their beneficiaries. The games are developed in co-creation with the users, partners and experts following a human-centered design methodology and with the objective of making it as simple and fun as possible. This ensures engaging and localized games that meet the user's educational needs while also embracing cultural sensitivities and national policies.
About F-LANE
The Vodafone Institute runs F-LANE with its new implementation partner Yunus Social Business. The F-LANE founding partners Social Entrepreneurship Academy in Munich will continue to support F-LANE with their excellent impact entrepreneurship competencies, while the Impact Hub Berlin remains on board as Community Partner providing participating start-ups with access to the global impact community and investors. Furthermore, WLOUNGE, as a new partner to the F-LANE network, will contribute its expertise in gender lens investing and it's local and global investors and mentors network to support the cohort.
Dedicated F-LANE jury members are Andy Goldstein (Co-Founder & Executive Director of the LMU Entrepreneurship Center), Hedda Pahlson-Moller (Business Angel focused on impact investing), Lisa Witter (award-winning executive, serial entrepreneur, author and public speaker), Paresh Modi (Global Head of Business Development & Innovation at Vodafone) and Saskia Bruysten (co-founder of Yunus Social Business).
Further information can be found at: http://www.f-lane.comwww.facebook.com/flaneaccelerator/ http://www.twitter.com/vf_institutewww.instagram.com/flaneaccelerator/
Cooperation partner of the Vodafone Institute: Yunus Social Business https://www.yunussb.com/ Impact Hub Berlinhttps://berlin.impacthub.net/Social Entrepreneurship Akademie https://seakademie.org/en/ WLOUNGE https://www.wlounge.de/
About the Vodafone Institute for Society and Communication
The institute is Vodafone's European think tank. We analyze the potential of digital technologies and their responsible use for innovation, growth and sustainable social impact. With the help of studies and events, we offer a platform for dialogue between progressive thinkers from science, business and politics.
It is our aim to facilitate better access to technology for all sectors of society. That is why we develop and support projects to empower women in the digital economy.
Press contact: Julia Ebert Senior Research Manager Mobile: +49 172 5620012[emailprotected]
Vodafone Institute for Society and Communications GmbHBerlin OfficeBehrenstrae 1810117 Berlin http://www.vodafone-institut.de
Social Media: twitter.com/vf_institutelinkedin.com/company/vodafone-instituteyoutube.com/VodafoneInstitute
Social Media F-LANE: twitter.com/vf_institutelinkedin.com/company/f-lane-accelerator-for-female-empowermentinstagram.com/flaneaccelerator/facebook.com/FLANEACCELERATOR
SOURCE Vodafone Institute for Society and Communications
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South China Morning Post Appoints John Artman as the Technology Editor – Editor And Publisher Magazine
Posted: at 8:05 pm
Press Release | SCMP
The South China Morning Post announced today the appointment of John Artman as its Technology Editor. Artman will lead one of the biggest and fastest-growing reporting teams covering an expansive intersection of technological transformation and the rise of China.
In addition to providing in-depth coverage of tech issues and breaking news, Artman will play an instrumental role in the Tech Desks contributions to SCMP Research s industry reports, which have covered a broad range of trending topics that include Chinas Artificial Intelligence (AI), Healthcare, and the Internet industry.
The Posts technology section has become a comprehensive destination for all things China tech to SCMPs global readership of over 50 million monthly active users. Most recently this comprised compelling stories about Chinas innovative applications of science and technology in dealing with the COVID-19 pandemic and its search for a vaccine.
John is well-known for his deep insights about technology in China, which is a vital industry sector that has major global relevance. We are extremely pleased he joins our newsroom, and we look forward to leveraging his expertise in media, technology and content to elevate our coverage on technology in China, said Tammy Tam, SCMPs editor-in-chief.
With more than ten years of reporting experience in China, Artman is a leading journalistic voice on Chinese technology. Most recently, he served as Editor-in-Chief at TechNode, and played an important role in overhauling the site into a must-read for anyone interested in technology in China. Previously, Artman was the Managing Director of Technical Communications at CSOFT International and worked at China Radio International as a radio show host and technology and web reporter. Artman is a self-described avid China-watcher and has been living in Beijing since 2008.
The South China Morning Post has played a crucial role in informing and educating readers on what drives tech in China and shedding light on one of the worlds most innovative and fast-paced industries. I am excited to join a media company that is punching above its weight and be part of their mission to lead the global conversation on China, said Artman.
Artmans appointment is effective from 1 September and will be based at SCMPs global headquarters in Hong Kong.
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Technology is changing the face of education. Here’s how – World Economic Forum
Posted: at 8:04 pm
A "great unbundling" will see traditional degree courses make way for companies offering focused training in soft skills, core skills, critical thinking or an opportunity to network.
Shorter courses, ROI-oriented career choices and a switch to lifelong learning will power new business models in education.
Person-to-person contact as well as AI will be essential of the future of education.
Lynda Gratton and Andrew Scott, authors of The 100-Year Life: Living and Working in an Age of Longevity, offer three features that will define work in the 21st century.
First, people are likely to live much longer. Being a centenarian will soon become commonplace. Second, the lifespan of organizations will significantly reduce, so long-term employment will become a thing of the past. Third, the concept of retirement will fade away, partly due to financial reasons and partly out of choice.
Combining all these factors, it is easy to see how one might have to spend several years learning and unlearning in order to build a viable portfolio of careers. But if higher education institutions arent doing their job in teaching us, what are our alternatives?
Historically, education offered an amorphous bundle of training in core skills, soft skills and critical thinking, along with an opportunity to network and also to demonstrate our value to employers through a recognized qualification. What we are witnessing now, however, is a great unbundling of education, with different companies and communities attempting to capture one part of the bundle. For example, the online Lambda School is focused only on core-skill building, making people of all backgrounds ready for computer science careers. Their Income Share Agreement (ISA) model charges students nothing for their tuition until they land a high-paying job, whereby they pay back 17% of their wages for two years. If they dont land one within 60 months, the fee is waived. Thus we can see that Lambda has a single-minded focus on core skills, and pays much less attention to value demonstration, soft skills, networking and the other aspects of a traditional education.
The unbundling of education has brought about four tectonic shifts: career choices driven by return on investment (ROI), a move towards lifelong learning, shorter durations and new business models.
The first is ROI-oriented specializations. Following recessions and emergencies such as the one in which we find ourselves, there is usually a spike in ROI-driven career decisions. A whopping 80% of students surveyed at UCLA said that education for them was means towards employment. However, only 50% of US college presidents (a position equivalent to a chancellor in the UK) shared their view. Clearly there is a mismatch between what students want and what traditional universities offer.
Students want to learn tangible skills such as coding, marketing and sales in a condensed timeframe. You could argue that this is short-termist thinking and will one day backfire, but the demand for these skills at present is undeniable.
The second shift we are witnessing is the move towards lifelong learning. The traditional model was to conclude all education, including MBA/masters programmes, as quickly as possible, and then apply that learning to jobs. This model no longer works today. The new normal is to have periods of study and learning interspersed throughout ones work life.
Students pass through a gate using facial recognition technology as they enter Peking University in Beijing, China, 31 August 2020.
Image: Reuters/Thomas Peter
This is a huge opportunity for entrepreneurs and investors. The 26-35 year olds looking for self-improvement and lifelong learning constitutes the largest opportunity in China, much greater than primary and secondary education or test preparation. While this spending analysis is focused on China, many of the conclusions will hold for the rest of the world.
The third shift we are seeing is that students want to pursue courses of shorter duration. Because of the focus on lifelong learning, students are keen to spend shorter duration during one block of learning. Make School, which also has an offline campus and specializes in project-based study, offers a two-year bachelors degree with very high employment rates. There are many similar examples. The rationale for students is that, if they have to go to school multiple times, then each course of study should not be too long. People want to make their time count and capitalize on the latest trends.
Lastly, we are witnessing a shift in business models. The growing popularity of ISAs reflect changing attitudes, whereby students are not willing to hand over huge, one-time payments upfront. This not only changes the student financing market but also forces educational institutions to focus on student outcomes, specifically their employment.
The unbundling of education will bring about disruption in multiple waves.
The first wave will include channels of learning hard skills with direct employment prospects. Think of coding bootcamps, Massive Open Online Courses with certifications and nanodegrees, for example. These are high-arbitrage opportunities, but very few such disruptions have worked at scale so far.
A big reason that people choose to go for higher studies is for networking, and that is where the second wave of disruption is likely. Alternatives to traditional networking in the form of coworking spaces, accelerators, private networks, curated associations and peer-mentoring communities are likely to be another area of massive disruption.
Along with hard skills and networks, there is likely to be a huge push for soft skills. Several innovations can be expected in this space in the coming years. The ones that will work are likely to be able to demonstrate tangible benefits for students and young professionals. There might not be a need to go to college to pick up soft skills or network.
Studying or working at an elite institution/organization signals competence to our network. It also increases our perceived social value. The fourth wave of disruption is likely to be the emergence of organizations where membership, association or affiliation signals equal or greater competence.
The renowned theorist of disruptive innovation Clayton Christensen famously said that 50% of all colleges will go bankrupt in the near future. The COVID-19 crisis has definitely pushed many closer to collapse. The ones that survive will adapt to the great unbundling of education and combine two essential components of learning in the 21st century: AI and communities.
The factory-inspired, 19th century model of education made sense when there were severe limitations on teaching resources. But AI can help us overcome such constraints by leveraging three of its defining features perception, recognition and recommendation and thereby creating personalized learning for students and more free time for instructors.
Lets try and visualize an AI-powered higher education experience. It will operate on four planes: virtual teaching, learning assessment, opportunity matching for internships and jobs, and mentoring from peers and experts.
Image: Brookings Education
Imagine Sally sitting in Beirut. She is enrolled in a distance learning program that brings together leading data science professors from around the world and awards a degree valued by the most coveted employers. She attends lectures in a coworking space. There is a video camera at the front of the room that uses facial recognition and posture analysis not only to take attendance but also to figure out if Sally is paying attention. Maybe she is unwell and not able to concentrate. All this data is fed into her student profile and a customized homework is created for her. Sally completes her assignment with some help from a peer mentor with whom she is matched based on her learning needs. They build a friendship and, over time, start working on complex data sets together. They figure out a way to optimize an algorithm that is valuable to one of the sponsors of the programme. After several rounds of back and forth, they decide to patent their solution and work on their idea independently. They move from a full-time degree programme to a flexible-part time option designed for entrepreneurs.
The above scenario above might sound compelling, but it is bound to fail in the short term. Today, there are innumerable digital learning platforms powered by AI that are struggling to find customers. Even when students sign up, only 3% end up completing course requirements.
In fact, research presented by Dr Susan Dynarski at the University of Michigan makes it abundantly clear that, while online education works for mature learners, it can harm academically weak students and compromise on conceptual learning. Clearly, the AI-powered education technology model is missing something critical. Thats why there is urgent need to complement AI-based learning tools with the power of communities. This approach will humanize the way we think about both higher education and technology.
No matter how sophisticated our gadgets become, it is hard to relate to shiny, dark screens. All of us have a fundamental need to belong, learn and share. We need meaningful communities, because they are force multipliers. They make learning fun and create a peer-to-peer accountability mechanism that shapes a culture of learning. AI enables personalization at scale.
Only by combining both AI and communities will higher education be relevant and prepare students for the adventures of the Fourth Industrial Revolution. The good news is that traditional educational institutions arent the only ones that can create this customized offering. The unbundling of education means that far more players are now competing in the market. This is likely to democratize learning and make it accessible to more than privileged few who can afford to pay a quarter million dollars for an advanced degree.
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The new technology innovations to expand geothermal energy use in Europe – Euronews
Posted: at 8:04 pm
There are currently around 130 geothermal power stations operating in Europe, a 5% increase compared to 2019. That number could double in the next five to eight years.
The challenge is how to ensure they are safer, more reliable, more costefficient and, crucially, that they are as environmentally friendly as possible.
To this end, European scientists have been designing and developing new technologies that are currently being tested in Iceland.
Nesjavellir Geothermal Power Station is the second biggest such facility in Iceland. It produces around 120 Megawatts of electrical power.
Drilling operations are ongoing, always looking for new resources of heat deep underground.
Temperatures can reach 460C below the surface and the pressure levels are extremely high; it's a tough, demanding environment for drilling.
Vilhjlmur Gudmundsson, the Marketing and Sales Director with the company Iceland Drilling, says the process of extracting the energy puts enormous pressure on and restricts the lifespan of the equipment and infrastructure used in the process:
"The problem in geothermal energy in general is that you are dealing with a lot of heat. And when you need to maintain wells, sometimes you need to cool the wells down.
"That will eventually destroy the casings, because of the expansion".
But the fullyautomated rig is testing new technology to try to minimise these issues, bring down maintenance costs and increase the efficiency of the drilling operations. The technology was developed by scientists as part of a European research project, coordinated from the Isor Iceland GeoSurvey Institute in Reykjavik.
Isor is one of the partners in the European Union's Geowell Project, along with other renowned research institutions including IRIS in Norway, GFZ in Germany, TNO in the Netherlands and BRGM in France. Geowell is aiming to develop reliable, cost-effective and environmentally safe technologies for design, completion and monitoring of high-temperature geothermal wells, leading to the expansion in use of this technology.
The objective is to enhance and improve flexible versions of the couplings to allow their thermal expansion, yet minimise the risk of them buckling.
Isor's Innovation Manager Inglfur rn orbjrnsson says it's potentially a big step forward:
"When we have the different sections of the pipes connecting into the connectors, normally the system is fixed.
"But instead, our flexible couplings are allowing the pipe to expand into the couplings. This means that we are taking away the stress in it. And then we are cooling down the well again and we can then allow it to open up again".
orbjrnsson adds that the new technology could be especially promising for new geothermal reactors on mainland Europe; this is because unlike in Iceland the potential energy resources are to be found at much greater depths:
"You have high temperature fields in Europe; you have them in Italy, you have them in Greece, in Turkey and in The Azores.
"There, it takes deeper wells and longer casing segments. And that means that you have more problems in the wells than you probably have in our case here.
"Flexible couplings here in Iceland go two kilometres deep. But in Europe you have to go to five or six kilometres, perhaps".
The materials used were carefully verified to assess the likelihood of the long lifetime that's required for the newlydeveloped design.
Standards within the drilling industry are set very high as far as safety and reliability are concerned.
rni Ragnarsson, Isor Quality Manager and an experienced engineer, says innovation can sometimes be slow within the industry:
"For a typical geothermal plant, the drilling cost can be up to 30-35% of the total cost.
"The drilling industry is (normally) using well known proven technology. I dont think it is easy to convince them to try something that is new".
Vilhjlmur Gudmundsson adds that such innovative technology could help the power source become more costefficient:
"It saves money in the operation. So operational costs will be less. The lifespan of the well will be longer. That's the main advantage".
Researchers project that the cost efficiency could be passed onto consumers; reduced maintenance costs should lead to reduced energy bills in the longer term.
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Netflix: Top 15 Technology Skills and 10 Jobs It Wants – Dice Insights
Posted: at 8:04 pm
When the COVID-19 pandemic began, and millions of people began self-isolating at home, Netflix found itself in a peculiar position. On one hand, demand for its streaming shows and movies spiked. On the other, it faced the same difficulties of any other company during these weird times: namely, managing a remote workforce while trying to maintain its tech stack and deliver its services under extreme circumstances.
That Netflix succeeded without many public-facing hitches is, of course, a testament to the companys focus on cutting-edge technology. If youre a longtime reader ofNetflixs engineering blog(and if youre interested in anything related to the cloud, handling massive amounts of data, and streaming technology, you should be), you know that the companys engineering core is extraordinarily innovative when it comes to everything from machine learning tomaking its data infrastructure as cost-efficient as possible.
For the company, that sort of expertise comes at a price it seems willing to pay. Netflix has a reputation for offering its engineers fat salaries, at least in comparison to other technology companiesbut those technologists are expected todeliver extreme value for the money theyre paid. Heres how Netflixs software engineer salaries compare to other companies in the streaming arena; this comes from levels.fyi, which crowdsources its salary data:
(Yes, crowdsourcing data is an inexact process; there are lots of software engineers at Netflix who no doubt earn far less than this. Nonetheless, this should reinforce what weve learned from other sources, which is that Netflix pays really, really well.)
If working for Netflix appeals to you, its worth asking which skills and jobs theyre currently recruiting for. In order to obtain an answer to that question, we turned to Burning Glass, which collects and analyzes millions of job postings from across the country. We narrowed our query window to the past 90 days, as well as Netflixs technical roles. With those parameters in place, here are the skills that Netflix is looking for:
As you can see, top programming languages at Netflix include Java,Python, and JavaScript; as you might expect from a company that wrangles huge amounts of data, SQL, data science, and systems engineering are all big. In many ways, Netflixs in-demand skills mirrors those at other large tech companies, with an emphasis on technologists who know older, ubiquitous programming languages and the principles of data infrastructure and analysis.
You might ask yourself why cutting-edge technologies such as machine learning and artificial intelligence (A.I.) arent a more prevalent part of these skills breakdowns. While companies such as Netflix are more than willing to pay immense amounts for specialists in these technologists, theyre usually more in need of legions of technologists who can wrangle with core systems day after day. It takes hundreds of data experts and Python developers to keep a company running; you only need a handful of A.I. specialists with PhDs to build that ultra-cool recommendation system.
With that in mind, lets look at the top jobs at Netflix over the past 90 days, also using data from Burning Glass:
At least for the three-month period in question, Netflix had a big need for senior developer/engineers, as well as various kinds of product and project managers. From a certain perspective, you can take this as an encouraging sign: Despite the pandemic forcing companies around the globe into a very reactive mindset, the hunger for managers suggests that Netflix is continuing to concentrate on its longer-term initiatives.
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Unum Therapeutics Transfers BOXR Cell-Based Therapy Technology to SOTIO – PRNewswire
Posted: at 8:04 pm
CAMBRIDGE, Mass., Aug. 31, 2020 /PRNewswire/ -- Unum Therapeutics Inc. (Nasdaq: UMRX), a biopharmaceutical company focused on developing novel, best-in-class precision kinase inhibitors for a range of patients living with cancer and other unmet medical needs, announced today thesale ofits cell-based BOXR programs to SOTIO, a clinical stage immuno-oncology company owned by PPF Group. Under the terms of the agreement, SOTIO will make an upfront payment of $8.1 million for the BOXR technology and will assume development of Unum's lead candidate, BOXR1030, which is on track for near-term entry into the clinic. In addition, Unum will be eligible to receive downstream milestones of up to $3.4 million. The sale to SOTIO will enable it to further advance its goal to develop the next generation of potent immunotherapies for patients with cancer. Unum will retain its antibody coupled T cell receptor (ACTR) technology and continues to explore strategic opportunities for the technology and assets. Thesale is final as of August 28, 2020.
"Within the past year, we have explored a range of strategic opportunities for our BOXR technology and programs, and we believe SOTIO has the clinical expertise to accelerate thedevelopment of this program, including BOXR1030, inmultiple clinical trials for the benefit of patients," said Chuck Wilson, Ph.D., President and CEO of Unum. "We are extremely proud of the BOXR technology and programs and would like to thank all of our employees, and investors for not only supporting our vision, but advancing it as well. We look forward to SOTIO's progress on the BOXR programs in the future."
SOTIO will assume responsibility for a portion of Unum's facilities in Cambridge, MA to advance the BOXR programs, and certain Unum staff associated with the BOXR programs will transition to SOTIO to continue their work on the programs. Unum will retain certain staff and space in its Cambridge facilities as it refocuses on the development of small molecule precision kinase inhibitors, including its lead program PLX9486.
On July 6, 2020, Unum announced the completion of the acquisition of Kiq LLC, as part of a strategic pivot to focus on precision kinase inhibitors. Certain Unum stockholders of record at the time of the acquisition were granted a non-tradeable contingent value right (CVR). Holders of the CVR will be entitled to receive certain stock and/or cash payments from net proceeds received by Unum related to the disposition of Unum's cell therapy assets for a period of three years following the closing of the transaction.
Net proceeds from thesale of BOXR will be reinvested into the development of PLX9486 as part of Unum's focus on the development of small molecule precision kinase inhibitors to treat a range of genetically driven diseases. Additional operational updates will be provided in the upcoming months.
In addition, Unum appointed Peter Harwin, Co-founder and Managing Member, Fairmount Funds Management LLC as Board Chair. Harwin played an integral role in the recent acquisition of Kiq and will help guide the future vision of the company in delivering best-in-class therapies for patients with genetically defined diseases. Prior to founding Fairmount in 2016, Harwin served as a member of the investment team at Boxer Capital, a biotechnology unit of the Tavistock Group, and he currently serves as a strategic advisor to Quellis Biosciences Inc. and Dianthus Therapeutics, Inc. Harwin also serves on the board of directors of Viridian Therapeutics, Inc.
About BOXR and BOXR1030
Unum Therapeutics' novel cell therapy programs address the major scientific obstacles in traditional T cell therapies. Scientists have discovered that the solid tumor microenvironment is highly immunosuppressive, blocking T cells from functioning as they should. The BOXR technology (Bolt-on Chimeric Receptor) addresses this issue by incorporating "bolt-on" transgenes to enhance intrinsic T cell functionality and overcome multiple mechanisms of immunosuppression in the solid tumor microenvironment. BOXR transgenes can then be engineered with therapeutic T cells, such as CAR T cells, to improve the functionality of T cell therapies, particularly in the solid tumor microenvironment. BOXR1030, the first product candidate from BOXR, contains the novel "bolt-on" enzyme called glutamic-oxaloacetic transaminase 2 (GOT2) that aims to improve intrinsic T cell function in the solid tumor microenvironment through enhanced metabolism. GOT2 plays a central metabolic role by linking multiple pathways involved in biosynthesis and cellular energy production.
AboutUnum TherapeuticsUnum Therapeuticsis a biopharmaceutical company focused on developing a pipeline of novel, best-in-class precision kinase inhibitors for a range of patients living with cancer and other unmet medical needs. Unum's most advanced program, PLX9486, is a highly potent and selective KIT D816V inhibitor in development to treat systemic mastocytosis and GIST patients. Unum is headquartered inCambridge, MA.
FollowUnum Therapeuticson social media:TwitterandLinkedIn.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding: uses of proceeds; future product development plans; and any future payouts under the CVR. The use of words such as, but not limited to, "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "potential," "predict," "project," "should," "target," "will," or "would" and similar words expressions are intended to identify forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, our clinical results and other future conditions. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. No representations or warranties (expressed or implied) are made about the accuracy of any such forward-looking statements. We may not actually achieve the forecasts disclosed in our forward-looking statements, and you should not place undue reliance on our forward-looking statements. Such forward-looking statements are subject to a number of material risks and uncertainties including but not limited to those set forth under the caption "Risk Factors" in Unum's most recent Annual Report on Form 10-K filed with the SEC, as well as discussions of potential risks, uncertainties, and other important factors in our subsequent filings with the SEC. Any forward-looking statement speaks only as of the date on which it was made. Neither we, nor our affiliates, advisors or representatives, undertake any obligation to publicly update or revise any forward-looking statement, whether as result of new information, future events or otherwise, except as required by law. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date hereof.
SOURCE Unum Therapeutics Inc.
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