A research conducted by JP Morgan analysts revealed that global investment banks would suffer a fall in profits this year. The fall could differ between regions, but average earnings are estimated to be down by 20 percent and revenues by 21 percent. Challenging economic environment is believed to negatively affect the global investment markets.
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The Reasons for Takata Airbag Explosion, Scientists Explain
Takata airbag issues face many discrimination aside from fines and lawsuit resulting to sales decline along with other automakers who recalled their vehicles. The automakers formed an independent coalition and hired Utah-based Orbital ATK to conduct the investigation who discovered three factors that cause airbag rupture.
Elon Musk’s Hyperloop Project Getting Implemented
Elon Musk has shared a brainchild for travelling from one city to another with extraordinary speed through a hyperloop in 2013. The plan is now getting implemented at Quay Valley in California. If the project becomes commercially viable, people will get an opportunity to travel at 800 MPH subject to getting approval from the government authorities.
Ford Announced Plan to Triple Investment on Semi-Automous Driving Technologies Leading Up To Driverless Cars
Ford announced that the company will devote more resources to develop semi-autonomous driving technologies, as they aim to invest triple the amount of investment in the technologies. Some of Ford's cars already have some semi-autonomous technology in them, as with the updated version of Ford Kuga unveiled along with the announcement.
Audi To Feature Fuel Efficient A4 Allroad quattro
Audi is going to hit the market with an ultra version of the quattro, A4 Allroad quattro, during the middle of this year. The new quattro is capable of cutting friction losses and is believed to improve emissions and efficiency. It will be the first ever Audi to feature the ultra version of the quattro system.
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Switzerland receives about 1000 emergency calls from hikers every year. In order to create a technology that could give a faster response and search more effectively for lost or injured hikers, a group of researchers developed a software with a combination of Artificial Intelligence. The software enable drones to autonomously navigate forest areas and direct themselves to hiking trails.
A recent research shows that there is a significant increase in the use of online dating services, especially via mobile dating apps. There are also significant increases in two particular age groups, which is young adults and older adults between the age of 55-64 years old. Personal safety remains a major issue for online daters, but most still believe that the method is more efficient and help them find a better match.
The Royal Melbourne Hospital is on the verge of a medical breakthrough with its 'Stentrode' - a small, paper-clip-like brain implantation that is said to bring back mobility to paralyzed patients. This cure will eliminate the need of an open brain surgery, and the first clinical trials on human are slated to begin in 2017 in Melbourne.
An MIT research team has introduced a new computer chip, Eyeriss, that will allow IoT devices to go through deep learning process. Data collected by the devices, is currently uploaded to the internet for processing by power servers. Eyeriss chip processes the collected data locally using the neural technology and thus ensures data security and reduces power consumption.
All the tech giants are investing heavily in the research and development of virtual and augmented reality products. Google has been reportedly planning a successor to the cardboard VR viewer. The smart phone based headset incorporating improved sensors and lenses will be housed in a solid plastic casing instead of a cardboard.
Samsung has released 4K Blu-ray player, UBD-K8500/ZA at selective stores of Santa Monica. The product has been expected to get released sometime in March. The new video player for $399 is believed to offer a superb content viewing experience.
Apple has tasted the sweet of transforming iPhone apps to Android compatible versions through Apple Music in 2015. In addition to introduce versatile range of products, Apple CEO has announced the future plan in a company wide meeting. Analysts have presumed that Apple is considering every feasible mean to boost up revenue earnings.
Luxembourg has proposed to tap the mineral-rich asteroids orbiting between Earth and Mars for minerals that are scarce in our planet. Its deputy prime minister, Etienne Schneider, has already announced the roll-out of the initiative named SpaceResources.lu, which will be set up with the help of its US and European commercial partners.
According to PwC and NVCA report, Charlottesville has been the fastest growing startup since 2010. Between 2010-2015, venture-backed startups increased 55% annually in the place where Thomas Jefferson's house is located.
