Category: Technology

What is Hyperloop? Hyperloop is a futuristic transportation system that aims to move people and cargo at speeds of up to 700 miles per hour (1,120 kilometers per hour) through near-vacuum tubes. The concept was proposed by Tesla and SpaceX founder Elon Musk in 2013, who envisioned it as a “fifth mode” of transport, after cars, planes, boats, and trains. Hyperloop works by propelling specially designed pods or capsules using…

Quantum computing is a rapidly evolving field that promises to revolutionize various aspects of business and society. Quantum computers use the principles of quantum physics to process information in ways that are impossible for classical computers, enabling them to solve complex problems faster and more efficiently. Here are 14 potential applications of quantum computing that could have a significant impact on different domains and challenges. Quantum Chemistry One of the…

GoodFirms, a leading research and review platform, has recently published a new list of the best banking software for 2023. The list features the top-rated software solutions that can help banks and financial institutions streamline their operations, enhance customer experience, and comply with regulatory standards. What is Banking Software and Why is it Important? Banking software is a type of software that enables banks and other financial institutions to perform…

Speedcast, a leading provider of multi-path connectivity solutions for global customers, has announced the appointment of James Feger as its new Chief Technology Officer (CTO). Feger will be responsible for driving further advancements to the company’s hybrid connectivity platform, which integrates legacy satellite networks with new low Earth orbit (LEO) constellations and terrestrial networks. Feger’s Background and Expertise Feger has more than 20 years of management experience in network design,…

Smart devices such as speakers, cameras, TVs and washing machines are becoming increasingly popular in many households. However, these devices may also pose a threat to your privacy, as they can collect and share your personal data with third-party companies without your consent. What data do smart devices collect? Smart devices are designed to make your life easier and more convenient, but they also require you to provide a lot…

Cars are collecting and selling your personal data If you own a car, you might be surprised to learn that it is collecting and storing a lot of personal information about you. A report from Mozilla, the nonprofit that develops the Firefox browser, reveals how the policies of more than two dozen car manufacturers allow for the collection, storage and sale of a wide range of sensitive information about auto…

Defense technology startup Anduril Industries, founded by entrepreneur Palmer Luckey, announced on Thursday that it has acquired Blue Force Technologies, a company that designs and manufactures composite aircraft and components. The deal, whose terms were not disclosed, is aimed at strengthening Anduril’s autonomous fleet and software capabilities, as the company seeks to become a prime defense contractor. Anduril’s vision for the future of defense Anduril, founded in 2017, develops and…

The European Union has announced new regulations and investigations that will affect six of the world’s largest technology companies, namely Apple, Amazon, Google, Meta, ByteDance and Microsoft. The EU aims to curb the market power and anti-competitive practices of these digital “gatekeepers” under the Digital Markets Act (DMA). What is the DMA and who are the gatekeepers? The DMA is a new set of rules that will apply to companies…

The banking industry is undergoing a rapid transformation as artificial intelligence (AI) becomes more widely adopted and integrated into various aspects of financial services. From customer service to risk management, AI is enabling banks to improve efficiency, reduce costs, enhance customer satisfaction, and gain a competitive edge. To learn more about how AI is changing the banking landscape, Bank Automation News spoke with Dustin Hubbard, the president of Archway Software,…