A collective cry of anguish went up from the technology community this morning, following the news that Britain has voted to leave the European Union. As one of the UK's fastest growing industries - growing 32% faster than the rest of the UK’s economy - the technology sector is made up of lots of early-stage companies, which rely heavily on EU grants to survive. Over the past five years, the European Investment Bank has invested over €29 billion (£23 billion) in the British economy. Only days ago, it agreed to lend £100 million to small and medium-sized businesses in the UK. Many British tech companies also earn a large proportion of their revenue outside of Britain, and argue they need unrestricted access to the European market in order to compete effectively. The UK’s technology trade association, techUK, said that the result of the referendum was not the outcome that the majority of its members were hoping for. "To succeed, the UK tech sector needs great … [Read more...] about British technology industry reacts in SHOCK to Brexit vote – but remains stoical about sector’s future
Technologies of the future
An overwhelming majority of financial firms’ risk managers don’t believe they can adequately assess the risks of disruptive technologies but are open to new strategies and tools to better manage emerging threats, according to a new report by Accenture.The report, “Accenture 2019 Global Risk Management Study,” is based on a survey of nearly 700 risk management executives in the banking, insurance and capital markets sectors globally.According to key findings of the report - Only 11 percent of risk managers describe themselves as fully capable of assessing the risks associated with adopting artificial intelligence (AI) across their organizations, and even fewer said they are fully capable of assessing the risks associated with robotic process automation (RPA) or blockchain (9 percent and 5 percent, respectively).Close The report notes that the external risk environment is becoming increasingly complex, with risk teams realizing they must adapt their … [Read more...] about Financial firms struggling to assess risks of Disruptive Technologies
MIAMI (AP) — Forget the dystopian future of science fiction stories, where Skynet endoskeletons stomp on dry human bones or people slumbering in fluid-filled pods serve as living batteries. Electronic music producer and DJ Steve Aoki imagines a future where humans live in harmony with technology, and he’s sharing that vision in a new comic book series called “Neon Future.” Although science fiction narratives commonly depict cybernetic machines turning on their human masters, as in “The Terminator” or “The Matrix,” Aoki doesn’t buy it. “A general plot is that technology is destroying humanity,” Aoki said. “The robots are going to make us their slaves, or the human species is going to be exterminated by technology. But in this case, we are going to become augmented. ... We use technology for the good. It’s a different kind of story.” ″Neon Future “I believe that technology will merge with … [Read more...] about Neon Future: DJ Steve Aoki’s comic book sees techno-optimism
The Lagos State Governor, Mr. Babajide Sanwo-Olu, said on Thursday that N250 million had been released as seed money to the State Science Research and Innovation Fund. Sanwo-Olu spoke while declaring open a 2-day Art of Technology Lagos 1.0 (AOT Lagos.) conference, in Victoria Island. The conference, with the theme: “Bridging the Gap’’, was organised by Eko Innovation Centre and sponsored by First City Monument Bank, Microsoft, Malta Guinness, Oracle, among others. The News Agency of Nigeria (NAN) reports that the Lagos State Government is bridging the gap between government and the technology ecosystem through the launch of the Art of Technology. Sanwo-Olu said that the fund was for research and development in science and technology across different thematic areas in the state. The governor said that the fund, to be managed by the Lagos State Science, Research and Innovation Council (LASRIC), was to research and develop areas like Artificial Intelligence (AI) to … [Read more...] about Science & Technology Research: Lagos State govt. releases 250m
Email Updated November 14, 2014 11:43:39 Photo: Greg Hunt being highly ambitious on clean coal technology. (AAP: Lukas Coch) External Link: Background briefing: The search for the clean coal holy grail Map: Australia More than half a billion tonnes of coal is mined in Australia each year from national reserves that are the fourth largest in the world, behind the United States, Russia and China.Coal exports have added, on average, $44 billion to the national annual income over the past five years, with Australia predicted to be one of the biggest beneficiaries on increasing global trade in coal. Prime Minister Tony Abbott says coal is "good for humanity" and that he is confident about the future of the industry. But the latest 'synthesis report' from the United Nations Intergovernmental Panel on Climate Change, released in November, warns that without, among other things, reducing the carbon intensity of electricity generation, global warming is on track to exceed … [Read more...] about Fact check: Can clean coal technology halve emissions within 5 years?