This article was published as a part of the Data Science Blogathon.   Image designed by the author – Shanthababu   Introduction Every ML Engineer and Data Scientist must understand the significance of “Hyperparameter Tuning (HPs-T)” while selecting your right machine/deep learning model and improving the performance of the model(s). Make it simple, for every […]

The post A Comprehensive Guide on Hyperparameter Tuning and its Techniques appeared first on Analytics Vidhya.

On 10 February 2022, the Treasury Laws Amendment (Tax Concession for Australian Medical Innovations) Bill 2022 was introduced to the Australian parliament, and received its first and second readings in the House of Representatives.  The Bill represents the fulfilment of an undertaking in the Federal Government’s 2021 budget to introduce a ‘patent box’ scheme to encourage innovation and commercialisation in the Australian medical and biotechnology sectors.  A ‘patent box’ (the name refers either to an actual box on a form, or to a notional box into which a company allocates a proportion of its income) is a tax incentive scheme under which income that can be directly attributed to the commercialisation of patented technology (as distinct from other attributes, such as branding, know-how, or manufacturing capability) is taxed at a reduced rate. 

Under the scheme established by the legislation, the minimum concessional tax rate is 17%, compared with the normal corporate tax rate of 30% for large companies, or 25% for small and medium enterprises (SMEs).  However, the full benefit of the scheme is only available to the extent that R&D leading to development of a patented invention is conducted in Australia.

As the government had indicated in its original budget announcement, only medical and biotechnology inventions will be eligible for the patent box tax concession.  In particular, a patent will be eligible if it is ‘linked’ to a therapeutic good included on the Australian Register of Therapeutic Goods (ARTG).  This means that a product, which is covered wholly or in part by the claims of the patent, must be a therapeutic good (e.g. a pharmaceutical substance or medical device) that requires, and has received, marketing approval in Australia.

Interestingly, however, the patent relied upon as the basis for eligibility under the patent box scheme need not be an Australian patent.  A patent will qualify under the scheme if it is an Australian standard patent (i.e. innovation patents are not eligible), a US utility patent, or a European patent granted under the European Patent Convention (EPC). 

It was initially proposed that only patents having a priority date after the announcement would qualify.  However, in further positive news, according to the Bill patents granted or issued after the date of the budget announcement (11 May 2021) will be eligible.

It is intended that the patent box concession will commence in the coming financial year, i.e. from 1 July 2022.  However, for this to happen the legislation will need to be passed in both houses of parliament before federal election is called.  It is widely anticipated that this will occur in early to mid April, shortly after the government hands down its budget on 29 March 2022.  With no further sitting days scheduled prior to budget week, it could become a race against time to get the legislation through.

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Mojang’s best-selling video game arrives on Meta’s best-selling VR headset. QuestCraft is a standalone VR port of Minecraft: Java Edition that offers players access to the full Minecraft experience in VR without the need for an expensive gaming PC. This includes support for motion controls as well as cross-platform multiplayer. Developed by a team of […]

The post Minecraft VR Is Now Available On The Meta Quest appeared first on VRScout.

The new funding will accelerate the company’s vision to become the connection hub for all ecommerce tools, and the control panel from which brands can automate work.

(PRWeb February 22, 2022)

Read the full story at https://www.prweb.com/releases/2022/2/prweb18509139.htm

The announcement of a sequel to an obscure, yet addicting, JRPG that originally released over 20 years ago is not what I was expecting to wake up to. But that’s what happened, and there are no complaints here. Soul Hackers 2 is an upcoming JRPG from Atlus and a sequel to the original Soul Hackers game that released on the Sega Saturn back in 1997. Now that the game is approaching its 25th anniversary, Atlus decided to dust off the IP and bring it to the modern age. Granted, this isn’t the first time Atlus has released a Soul Hackers game in the past decade. It ported the original Soul Hackers to the Nintendo 3DS in 2012, which was already a surprise. If you’re still wondering what Soul Hackers even is, it’s a spin-off of the expansive Megami Tensei franchise, a JRPG behemoth that includes beloved classics like Shin Megami Tensei and Persona. Soul Hackers drops the post-apocalyptic nature of some of these games and, instead, brings you into a cyberpunk world f...

Three researchers who sought to intervene in a court case that will determine whether Sci-Hub will be blocked by ISPs in India have had their application rejected. They argued that blocking access to copyrighted research papers would affect their work and harm the public interest. The judge found that an intervention could not be made on that basis.

From: TF, for the latest news on copyright battles, piracy and more.

A commercial Cygnus cargo freighter from Northrop Grumman arrived at the International Space Station Monday, delivering more than 8,000 pounds of supplies and a new U.S. capability to reboost the altitude of the complex independent of Russian rocket thrusters.

RELATED: Esports Journalists Make their own Roster Moves Isle of Man is known for many different things in many different circles. If you mention ‘The Island’ — as it is referred to by locals — to a motorcycle racing fan, they will know it for its world famous road race, the TT Races. To those […]

SpaceLogistics, a satellite-servicing firm owned by Northrop Grumman, announced Feb. 21 it plans to send to orbit a new servicing vehicle in 2024 on a SpaceX Falcon 9 rocket.

The post Northrop Grumman to launch new satellite-servicing mission in 2024 appeared first on SpaceNews.

As Elden Ring approaches, the discussion around whether hard games need an easy mode is already taking off. But making games accessible to more audiences is about much more than a single difficulty level.

Google's voluntary anti-piracy measures have gradually expanded over the years, resulting in some unique responses. When Google removes an allegedly copyright-infringing URL from its search engine, it will disable ads on this URL as well. In addition, the search engine has added a “still-in-theaters/prerelease” tag for DMCA notices, so reported sites can be punished more severely.

From: TF, for the latest news on copyright battles, piracy and more.

Axie Infinity, the Ethereum-based video game, continues to amaze its fandom over the last year. Despite some hiccups, the play-to-earn game is relentless. In fact, it just made quite a bit of a noise this week after the Sky Mavis project snagged nearly $4 billion in all-time NFT revenues. The in-game currency of the P2E…

The post Axie Infinity Sets Record-Breaking $4 Billion In NFT Sales appeared first on Bitcoin News Miner.