Day: February 8, 2021

XPrize details Elon Musk’s $100M prize to fight climate change

4 weeks ago Verna W. Cormier
Elon Musk in profile against a blue sky and clouds. Wind stirs his hair.

Patrick Pleul/Getty Images

Last month, Tesla Motors and SpaceX CEO and richest person in the world Elon Musk announced he’d put a small percentage of his billions toward “a prize for best carbon capture technology.”  On Monday, XPrize announced the broad outline of the competition.

The nonprofit will run the contest, which it says will be the largest incentive prize in history. Teams from anywhere in the world are invited “to create and demonstrate a solution that can pull carbon dioxide directly from the atmosphere or oceans and lock it away permanently in an environmentally benign way,” according to a post on YouTube.

Carbon capture refers to a wide array of mostly nascent technologies that can take carbon dioxide from the atmosphere and either store it somewhere (underground, for example) or convert it into products ranging from fuel to sunglasses.

The goal here is to reduce the overall level

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Dewey Beach reggae concert among weekend music picks

4 weeks ago Verna W. Cormier

The summer of 2020 continues to be a season like no other for beach bars and restaurants. While some are trying to bring back live music to entertain locals and visitors, a large number are temporarily closing due to COVID-19 concerns.

Coastal Delaware bore the brunt of the public spotlight in June as far as a resurgence in cases (and related business closures). In Maryland, Ocean City has faced these same challenges in July — which also happens to be the peak of tourist season.

The extent of Ocean City’s closures became abundantly clear Saturday, July 18, a day on which a half-dozen businesses took to the Internet to announce they were taking a breather effective immediately.

These restaurants included the Harborside Bar & Grill, the Reel Inn Restaurant & Dock Bar, 28th Street Pit-and-Pub, Bull on the Beach 94th Street, Barn 34 and Albertino’s Brick Oven & Eatery.

Those

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The Amazing Ways You Can Combine AI, 5G, And Machine Vision To Transform Fish Farming

4 weeks ago Verna W. Cormier

We certainly have a global food challenge that is exacerbated by environmental concerns. But could new technology such as artificial intelligence, machine vision, and 5G networks help us find a solution? Norwegian salmon farming company Cermaq has launched its first-of-its-kind iFarm project. This five-year experiment will run until 2025 with tech partners BioSort and ScaleAQ, to further understand how technology can optimize fish farming operations. Others in the industry are also testing out solutions to better optimize fish production.

Individualized Approach to Salmon Farming

One of the benefits of leveraging technology in salmon farming is that it allows an individualized approach to supporting each fish’s health and development. Previously, if there was a lice outbreak in a fish population, which is a common issue in salmon farming, all fish would get treated. However,

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5 New PayPal Products Coming In 2021

4 weeks ago Verna W. Cormier

2020 was a transformative year for PayPal (NASDAQ:PYPL). A surge in online commerce led to a record number of new users, more than 72 million, and a substantial increase in total payment volume. On top of that, PayPal introduced key new products like cryptocurrency investing, QR codes, and the option to buy now and pay later.

“We released more products and services in 2020 than in any previous year, and we will step up that pace in 2021,” CEO Dan Schulman said on the company’s fourth-quarter earnings call. Here are five products the company has planned for 2021 and what it all means for investors.

1. Investing

PayPal launched its cryptocurrency investing service in October last year, and management says it’s seen excellent traction so far. This year, the company will expand the ability to buy, sell, and hold cryptocurrency to new international markets and increase the number of investment

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China’s $160 Bn Livestreaming App For ‘Ordinary People’

4 weeks ago Verna W. Cormier

On Lu Kaigang’s feed, sheets of tarp are transformed into haute couture as China’s mountainous backdrop becomes his catwalk, a 22-year-old villager sashaying to fame via a video-sharing app for the everyman — Kuaishou.

Lu is one of hundreds of millions of users uploading short clips to the app, which propelled its parent company to a $5.4 billion initial public offering last week.

But while its competitor Douyin — the Chinese version of TikTok — is famed for trendy and typically urban influencers, Kuaishou reaches a different demographic, lassoing in migrant workers and rural Chinese.

Lu uses his colourful video stream to show how everyday materials can be turned into sophisticated clothing, and he has set up an in-app store on his profile.

That traction with a poorer but connected mass market known as “tu wei” in Chinese — meaning “earthy” — resonated on the Hong Kong stock exchange.

Shares

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Zillow skit on Saturday Night Live goes viral as show pokes fun at house-browsing ‘fantasies’

4 weeks ago Verna W. Cormier

Zillow Group didn’t have a Super Bowl ad, yet it may have come away from the weekend with the biggest marketing bump thanks to Saturday Night Live.

The Seattle real estate giant was the subject of a hilarious SNL sketch that poked fun at how home-browsing on Zillow is a replacement for sex, particularly for people in their late 30s.

“The pleasure you once got from sex now comes from looking at other people’s houses,” was one of several LOL-worthy lines.

The YouTube clip racked up more than 2 million views in one day. Zillow CEO Rich Barton chimed in on Sunday morning:

Others said they felt “seen” by the skit.

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