Connect with us

Big Data

GM to invest $71 million for new design and tech campus in California

Published

on

(Reuters) – General Motors Co said on Tuesday it would invest $71 million to establish a new campus in Pasadena, California to expand its capacity in advanced technologies such as flying cars and lunar rover vehicles.

The campus will be used for GM’s advanced design center operations which focus on developing concept and future mobility projects that fall outside the scope of existing production vehicle programs.

General Motors said the campus will include an innovation lab and immersive technology capabilities, including augmented and virtual reality.

The new site is closer to technology centers on the West Coast and creates a recruiting opportunity with its proximity to leading universities and design schools, the automaker said.

GM presented in January a futuristic flying Cadillac – a self-driving vehicle which takes off and lands vertically and carries the passenger above the streets and through the air.

The automaker’s other recent innovative developments include its commercial van business, BrightDrop, and the lunar rover concept developed with Lockheed Martin.

(Reporting by Sanjana Shivdas in Bengaluru; Editing by Krishna Chandra Eluri)

Image Credit: Reuters

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://datafloq.com/read/gm-invest-71-million-new-design-tech-campus-california/16302

Big Data

Synthetic gene circuits as tools for drug discovery

Published

on

Within mammalian systems, there exists enormous opportunity to use synthetic gene circuits to enhance phenotype-based drug discovery, to map the molecular origins of disease, and to validate therapeutics in complex cellular systems. While drug discovery has relied on marker staining and high-content imaging in cell-based assays, synthetic gene circuits expand the potential for precision and speed. Here we present a vision of how circuits can improve the speed and accuracy of drug discovery by enhancing the efficiency of hit triage, capturing disease-relevant dynamics in cell-based assays, and simplifying validation and readouts from organoids and microphysiological systems (MPS).
PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://www.cell.com/trends/biotechnology/fulltext/S0167-7799(21)00137-2?rss=yes

Continue Reading

Big Data

How much Mathematics do you need to know for Machine Learning?

Published

on



Mathematics For Machine Learning | Maths to understand ML Algorithms





















Learn everything about Analytics



PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://www.analyticsvidhya.com/blog/2021/07/how-much-mathematics-do-you-need-to-know-for-machine-learning/

Continue Reading

Big Data

Nokia lifts full-year forecast as turnaround takes root

Published

on

HELSINKI (Reuters) -Telecom equipment maker Nokia reported a stronger-than-expected second-quarter operating profit on Thursday and raised its full-year outlook as promised, thanks to a turnaround of its business.

The Finnish company’s April-June comparable operating profit rose to 682 million euros ($808.51 million) from 423 million euros a year earlier, beating the 408-million euro mean estimate in a Refinitiv poll of analysts.

Shifting geopolitics and a sharp round of cost cutting have put Nokia firmly back in the global 5G rollout race just a year after CEO Pekka Lundmark took the reins, allowing it to gain ground on Swedish arch-rival Ericsson.

“We have executed faster than planned on our strategy in the first half which provides us with a good foundation for the full year,” Lundmark said in a statement on Thursday, but added that Nokia still expects the 2021 second-half results to be less pronounced.

Nokia said it now expects full-year net sales of 21.7 billion-22.7 billion euros, up from its prior estimate of 20.6 billion-21.8 billion euros, with an operating profit margin of 10-12% instead of the 7% to 10% expected previously.

The company had announced on July 13 that it would raise its outlook, but did not provide any details.

($1 = 0.8435 euros)

(Reporting by Essi Lehto; editing by Terje Solsvik and Sriraj Kaluvila)

Image Credit: Reuters

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://datafloq.com/read/nokia-lifts-full-year-forecast-turnaround-takes-root/16713

Continue Reading

Big Data

Robinhood, gateway to ‘meme’ stocks, raises $2.1 billion in IPO

Published

on

By Echo Wang and David French

(Reuters) -Robinhood Markets Inc, the owner of the trading app which emerged as the go-to destination for retail investors speculating on this year’s “meme’ stock trading frenzy, raised $2.1 billion in its initial public offering on Wednesday.

The company was seeking to capitalize on individual investors’ fascination with cryptocurrencies and stocks such as GameStop Corp, which have seen wild swings after becoming the subject of trading speculation on social media sites such as Reddit. Robinhood’s monthly active users surged from 11.7 million at the end of December to 21.3 million as of the end of June.

The IPO valued Robinhood at $31.8 billion, making it greater as a function of its revenue than many of its traditional rivals such as Charles Schwab Corp, but the offering priced at the bottom of the company’s indicated range.

Some investors stayed on the sidelines, citing concerns over the frothy valuation, the risk of regulators cracking down on Robinhood’s business, and even lingering anger with the company’s imposition of trading curbs when the meme stock trading frenzy flared up at the end of January.

Robinhood said it sold 55 million shares in the IPO at $38 apiece, the low end of its $38 to $42 price range. This makes it one of the most valuable U.S. companies to have gone public year-to-date, amid a red-hot market for new listings.

In an unusual move, Robinhood had said it would reserve between 20% and 35% of its shares for its users.

Robinhood’s platform allows users to make unlimited commission-free trades in stocks, exchange-traded funds, options and cryptocurrencies. Its simple interface made it popular with young investors trading from home during the COVID-19 pandemic.

Robinhood enraged some investors and U.S. lawmakers earlier this year when it restricted trading in some popular stocks following a 10-fold rise in deposit requirements at its clearinghouse. It has been at the center of many regulatory probes.

The company disclosed this week that it has received inquiries from U.S. regulators looking into whether its employees traded shares of GameStop and AMC Entertainment Holdings, Inc before the trading curbs were placed at the end of January.

In June, Robinhood agreed to pay nearly $70 million to settle an investigation by Wall Street’s own regulator, the Financial Industry Regulatory Authority, for “systemic” failures, including systems outages, providing “false or misleading” information, and weak options trading controls.

The brokerage has also been criticized for relying on “payment for order flow” for most of its revenue, under which it receives fees from market makers for routing trades to them and does not charge users for individual trades.

Critics argue the practice, which is used by many other brokers, creates a conflict of interest, on the grounds that it incentivizes brokers to send orders to whoever pays the higher fees. Robinhood contends that it routes trades based on what is cheapest for its users, and that charging a commission would be more expensive. The U.S. Securities and Exchange Commission is examining the practice.

Robinhood was founded in 2013 by Stanford University roommates Vlad Tenev and Baiju Bhatt. They will hold a majority of the voting power after the offering, these filings showed, with Bhatt having around 39% of the voting power of outstanding stock while Tenev will hold about 26.2%.

The company’s shares are scheduled to start trading on Nasdaq on Thursday under the ticker “HOOD”

Goldman Sachs and J.P. Morgan were the lead underwriters in Robinhood’s IPO.

(Reporting by Echo Wang and David French in New York; Editing by Leslie Adler)

Image Credit: Reuters

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://datafloq.com/read/robinhood-gateway-meme-stocks-raises-21-billion-ipo/16712

Continue Reading
Ecommerce5 days ago

How professional videos can help e-commerce brands attract more customers

Blockchain3 days ago

Everything you should know about Coinbase

Blockchain1 day ago

CryptoHawk Provides Subscribers 2-month Returns of 44.5% on BTC and 22.1% on ETH

Cyber Security1 day ago

What is a Remote Access Code?

Gaming4 days ago

SCCG Management and Data Sports Group Partner to Deliver Sports Content and Analytics to the Media Industry

image001.gif
Startups1 day ago

From Red Gold to Olympic Gold: Seedo Corp. Seeks Solutions for Athletes and More

Gaming3 days ago

How to win the war on betting

Gaming3 days ago

How to master poker

Cleantech1 day ago

Why food production is as dangerous for the planet as fossil fuels

Blockchain1 day ago

Had Enough of Crypto? Here are Some Alternatives!

AR/VR1 day ago

nDreams Appoints ex Codemasters CEO as Non-Executive Chair of the Board

AR/VR1 day ago

Ven VR Adventure Arrives on Oculus Quest Next Week

Blockchain1 day ago

GBA Names New United Kingdom Chapter President

Cleantech1 day ago

To sell EVs, are automakers ready to ditch dealerships?

Cleantech1 day ago

Green bonds are beating all expectations in the post-pandemic recovery

Cleantech1 day ago

You’ve set a bold climate goal, so now what?

Blockchain1 day ago

From Around the Web: 10 Awesome Stories About Bitcoin

Blockchain2 days ago

Unique Network Chosen As Exclusive Blockchain Partner for United Nations Associated NFT Climate Initiative

Cyber Security2 days ago

What is Service Desk?

AR/VR2 days ago

The Walking Dead: Saints & Sinners Aftershocks Confirmed for Late September

Trending