Lifeboat Foundation

By BRIAN COHEN

Thanksgiving day, while many of us were eating turkey, The United States Patent and Trademark Office (USPTO) published JPMorgan Chase’s (Chase) patent application 20130317984, “Method and system for processing internet payments using the electronic funds transfer network.” The application was filed with the USPTO on August 5th, 2013.

Without mentioning Bitcoin or cryptocurrencies at all for that matter, Chase appears to be building a competing centralized network to Bitcoin. The application defines the problems that legacy banking has with online transactions and then provides a detailed explanation how Chase will address these problems with this new technology. The application states that Chase’s technology is a “new paradigm.” Moreover that it permits the creation of “virtual cash” (also referred to as “web cash”) with a “real-time digital exchange of value.”

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Jonah Goldberg, National Review

After you heard President Barack Obama’s call for a hike in the minimum wage, you probably wondered the same thing I did: Was Obama sent from the future by Skynet to prepare humanity for its ultimate dominion by robots?

But just in case the question didn’t occur to you, let me explain. On Tuesday, the day before Obama called for an increase in the minimum wage, the restaurant chain Applebee’s announced that it will install iPad-like tablets at every table. Chili’s already made this move earlier this year.

With these consoles customers will be able to order their meals and pay their checks without dealing with a waiter or waitress. Both companies insist that they won’t be changing their staffing levels, but if you’ve read any science fiction, you know that’s what the masterminds of every robot takeover say: “We’re here to help. We’re not a threat.”

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Megan Cully

Altering the surface of orthopaedic implants has already helped patients – and nanotech can fight infections too

One of medicine’s primary objectives is to trick the body into doing something it doesn’t want to do. We try to convince our immune systems to attack cancer cells (our immune systems don’t normally attack our own bodies), we try to convince neurons to regrow (another unnatural phenomenon), and we try to convince the body to accept foreign bits, such as someone else’s kidney or a fake bone. In order to accomplish this, we try to make parts of our bodies we don’t want, such as cancers, look foreign. We try to make foreign bits that we do want, such as orthopaedic implants, look natural. Nanotechnology, as you might have guessed, can help us do just that.

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The leader of the payments business looks to the future and says Bitcoin is a good idea — but not yet actually a currency. Tap-to-pay, meanwhile, is a dud.

By Stephanie Pappas, Senior Writer

Picture the scene: It’s a few days before Christmas. Your fridge is stocked with ingredients for a feast — and it knows exactly when you bought each item so you don’t use anything past its expiration date.

Your Aunt Edna flies in today and will reach your house before you’re home from work, so you use your smartphone to tell your garage door to open to let her in. Oops, you forgot to program the thermostat to heat the house up early, but no worries. Motion sensors embedded in your home will cue your heating system to start cranking when she enters.

Continue reading “Incredible Tech: How Life Will Change With Smart Homes” »

Tim Parker, Benzinga Staff Writer

Before scientists create something that has mainstream uses, it often starts as science fiction.

A new technology deep within IBM’s (NYSE: IBM [FREE Stock Trend Analysis]) Singapore research facility isn’t quite ready for the mainstream but when it is, the implications for those who suffer from fungal infections and later, other infections, could have a new ally in their fight but this ally is completely different than current treatments.

If you’re a fan of Star Trek, you’ve seen nanotechnology. These are microscopic machines that get inside machines or in this case, the body, to identify and fix problems.

Continue reading “IBM Creates Nanotechnology to Battle Fungal Infections” »

By Danielle Elliot CBS News

German postal carrier Deutsche Post DHL is testing a drone delivery service that could deliver medical and food supplies to areas with minimal road access.

Continue reading “DHL testing delivery drones” »

Mike Isaac

Facebook is diving headlong into AI.

The company plans to launch expand its research laboratory dedicated entirely to artificial intelligence, and has hired New York University professor Yann LeCun to spearhead the effort.

The goal, according to LeCun, is long-term: To bring about major advances in the field, while doubling down in a research partnership with NYU to intensely study machine learning, data science and artificial intelligence.

Continue reading “Facebook Steps Up Artificial-Intelligence Efforts With New Research Lab” »

By David Meyer

Summary:

The incident, which was probably a case of the French finance ministry going overboard in its efforts to monitor employee activities, provides a timely reminder of how certificates are the weak point in online security.

Google appears to have caught the French finance ministry spying on its workers’ internet traffic by spoofing Google security certificates, judging from an episode that took place last week.

Continue reading “Google catches French finance ministry pretending to be Google” »