Archive for the ‘Singularity’ Category

Fintech start-up 1fs Wealth secures backing of Singularity Capital – Bdaily News

Member Article

London based early stage fintech, 1fs Wealth, has secured the backing of US venture capital firm Singularity Capital, as interest continues to build in its innovative digital wealth platform.

Singularity Capital, based in Arizona, US, was founded by seasoned entrepreneur G.S. Jaggi. Singularity Capital is the venture capital arm of the Jaggi Family Office, and along with its affiliates, has invested over $3bn across the venture capital and real estate industries.

1fs Wealths digital platform supports wealth owners to consolidate all their assets, control risk, create and manage complex corporate structures, facilitate succession planning, assess sustainability and analyse the performance of complex global portfolios. The platforms ability to provide complete visibility and support succession planning, as well as ESG, sustainability and impact, are amongst the key features most valued by the companys global customer base.

Commenting on the investment, Singularity Capital founder, G.S. Jaggi said: As a venture platform, at Singularity Capital we partner with companies who are leveraging unique competitive solutions importantly, singling out the most driven and innovative teams, who are doing things better, faster, and more strategically than the competition. We have been really impressed by the 1fs platform and the strength of the team behind it and look forward to being part of the companys growth journey.

Bobby Console-Verma, CEO, 1fs Wealth, said: We are delighted to have Singularity Capital on board, as both a client and a valued investor. Interest in our wealth platform continues to grow and we are looking to build on our success to date, to capitalise on all opportunities to support family offices, HNWIs and wealth managers, in markets across the world.

He continued: The 1fs platform itself is constantly evolving to meet the demands of our rapidly expanding customer base, providing a detailed view of their portfolio from the palm of their hand. We are augmenting this with our AI-based engine which allows a wealth owner to glean yet more detailed insights about their assets.

The investment follows an earlier announcement in December 2022 that 1fs Wealth had secured the backing of finance and technology heavyweight, Dominique Cerutti.

This was posted in Bdaily's Members' News section by Creative Leopard .

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Fintech start-up 1fs Wealth secures backing of Singularity Capital - Bdaily News

My Hero Academia: Where Are the Final Act’s Quirk Evolutions? – ComicBook.com

Evan Valentine

04/27/2023 05:09 pm EDT

The final battle for the fate of Hero Society is underwayin the pages of My Hero Academia's manga. While the raging fight for the future of their world has seen many encounters take place that readers have been waiting for, there has been one element that has been absent from the proceedings. The Quirk Singularity Theory had been a major element introduced to the shonen franchise in recent years, hinting at superpowers continuing to evolve and grow more powerful in the universe, but has been absent in this war to end them all.

Throughout the series, we've had the opportunity to see some of the heroes, and villains, evolvewith their Quirks gaining some new abilities in the process. For example, the "My Villain Academia" arc of season five saw Shigaraki and his young allies ramping up their abilities thanks to dealing with their own origins and/or facing life-threatening conflicts. The Quirk Singularity Theory has mostly taken a back seat to All For One's continued rampage to bring the world under his thumb, though it certainly seems as though there are plenty of stories to be told in the future when it comes to this potential doomsday scenario.

We have certainly seen Quirks at their strongest in this last battle of the series, as the likes of Dabi, Shoto Todoroki, Toga, Deku, and countless others have demonstrated how far they've come in the shonen's story. There might not be a better example of how the Quirk Singularity Theory is put into practice than All For One, who has been using his Quirk of the same name to both heal from life-ending wounds and also grant him possible immortality. In the latest chapter of the My Hero Academia, All Might is looking to step back into the ring, but without the full power of One For All, can he stand a chance against his bitter rival?

The Quirk Singularity Theory remains an interesting concept. The idea that these powers could create beings so powerful that they might destroy the world regardless of their affiliation is a concept that could use more study. While Horikoshi has stated in the past that this final fight will be the end of the shonen series, perhaps the universe will return in some shape down the line.

Do you think we might see The Quirk Singularity Theory play a surprising role in the final act of My Hero Academia? Do you see All Might surviving his fight against All For One? Feel free to let us know in the comments or hit me up directly on Twitter @EVComedy to talk all things comics, anime, and the world of UA Academy.

Disclosure: ComicBook is owned by CBS Interactive, a division of Paramount. Sign up for Paramount+ by clicking here.

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My Hero Academia: Where Are the Final Act's Quirk Evolutions? - ComicBook.com

New Report Predicts Nearly 1 in 5 Cars Sold This Year Will Be Electric – Singularity Hub

Electrification is a key part of the transition to renewable energy, and phasing out combustion engine vehicles will be a significant piece of that transition. Despite subsidies and tax breaks around electric vehicles in the US, the cars havent taken over a large percentage of market share yet, perhaps because their sticker price is still higher than that of gas-powered cars.

Zooming out to the rest of the world, though, it seems EV adoption is going pretty well. The International Energy Agency released its annual Global Electric Vehicle Outlook this weekand it says demand for electric cars is booming.

According to IEA data, more than 10 million electric vehicles were sold worldwide in 2022. Thats 10 million out of a total 75 million, or a little over 13 percent. This year, EV sales are expected to grow by another 35 percent to 14 million, putting their market share at around 18 percent.

This is a significant jump from just three years ago in 2020, when EVs had only four percent of market share. However, 2020 marked the start of the pandemic, and with countries around the world implementing lockdowns throughout the year, no one was doing much of anything nor going anywhere. Accordingly, gas prices fell to some of their lowest levels in years, so there wasnt much incentive to go electric.

Since then, thoughas you may well know if youre one of millions who hasnt yet switched to an EVgas prices havent stayed down, and they dont look likely to drop anytime soon. This is one of the main incentives pushing people to plug in. Government subsidies are helping too, as well as improvements in battery technology and range.

China leads the global charge in EV sales (pun intended, sort of). In 2022, 60 percent of global EV sales happened in China, and now more than half the EVs in the world are there. Chinese carmakers seem to have found a niche in small, cheap models like the Wuling Hong Guang Mini EV.

The tiny carcomparable to the size of Mercedes Smart Fortwowas selling for 28,800 yuan in 2020 (that was about $4,200 at the time). Though the car doesnt have the sleek look of a Tesla and tops out at 62 miles per hour, it meets peoples practical needs for getting around big cities and being able to park easily.

Europe is the second-largest EV market in the world, and the US comes in third. The former saw a 15 percent growth in sales last year, and the latter a whopping 55 percent jump. The report notes that although the Chinese, European, and American markets dominate electric car sales and manufacturing smaller markets have seen some growth as well: EV sales more than tripled in India and Indonesia last year and more than doubled in Thailand.

Though moving away from combustion engine cars will be an important part of the energy transition, we must keep in mind that electric vehicles arent a panacea, and they come with their own set of challenges and drawbacks. Mining of critical minerals like lithium, cobalt, and manganese has major environmental and geopolitical implications (and the US isnt in much of a competitive position at the moment, though the current administration has made moves to change that).

Also, getting millions more electric cars on the road means were going to need a lot more electricity. At a time when grids across the US are already looking fragile, it doesnt seem wise to impose dramatic new electricity demand without first shoring up supply. And if that supply is coming from coal or natural gas, you cant really say youre helping save the environment by driving an electric car; the vehicles are only as green as their power source.

Theres also still progress to be made on battery range, charging speed, and availability of charging stations before more drivers will feel comfortable making the switchnot to mention that up-front sticker price.

However, the IEA is counting the rise in EV sales as a win, and we can too. The internal combustion engine has gone unrivaled for over a century, but electric vehicles are changing the status quo, said IEA Executive Director Fatih Birol. By 2030, they will avoid the need for at least five million barrels a day of oil. Cars are just the first wave: electric buses and trucks will follow soon.

Image Credit: LeeRosario / 716 images

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New Report Predicts Nearly 1 in 5 Cars Sold This Year Will Be Electric - Singularity Hub

Squarespace and Rethink Lead in Finalists for ADC 102nd Annual … – Little Black Book – LBBonline

The One Club for Creativity today announced the finalists entries from 32 countries and regions for the global ADC 102nd Annual Awards.

All finalists entries, as selected by this years esteemed jury, will win a Gold, Silver or Bronze Cube or Merit. All winners will be announced on May 17th during Creative Week in New York.

Squarespace New York tops the list with 23 finalists entries, including 11 for 'The Singularity', and seven for 'The Singularity BTS'.Rethink in Toronto, Montral and Vancouver has 20 finalists entries, including five each for IKEA 'The Troll', and Penguin Random House 'The Unburnable Book'.

DDB Chicago has 16 entries on the finalists list, including 13 for 'Chillboards' on behalf of Coors Light.With 15 is McCann New York, including four each for SAS 'The Batting Lab' and Mastercard 'Touch Card'.

Rounding out the top five is Spotify In-house New York with 14 finalists, including six of 'Wrapped On Platform Experience', and four for 'Wrapped Design'.

Other agencies scoring high on the ADC 102nd Annual Awards finalists list are Serviceplan Germany Munich and FCB New York with 13 each,Klick Health Toronto with 11, Goodby Silverstein & Partners San Francisco and R/GA US with 10 each, and three agencies - Area 23 New York, INNOCEAN Berlin, and Performance Art Toronto - with nine each.

A total of 782 entries from 32 countries and regions are finalists this year.The top five countries for finalists entries are the US with 367, Canada and Germany with 75 each, mainland China with 74, and Japan with 38.

The complete ADC 102nd Annual Awards finalists list is available here.

Tickets are on sale now for the ADC 102nd Annual Awards ceremony, taking place on Wednesday, May 17th at Terminal 5 in New York during Creative Week 2023.

The One Club for Creativity, producer of The One Show, ADC Annual Awards, ONE Asia Creative Awards, Type Directors Club competition, TDC Ascenders, Young Guns, and more, is the worlds foremost non-profit organisation whose mission is to support and celebrate the global creative community.Revenue generated from entries to its global awards shows goes back into the industry to fund programming under the organisations four pillars: Education, Inclusion & Diversity, Gender Equality, and Creative Development.

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Squarespace and Rethink Lead in Finalists for ADC 102nd Annual ... - Little Black Book - LBBonline

THE AI PANIC IN EDUCATION – Norwich Radical

by Howard Green

Its no exaggeration to any person or any robot to claim that Artificial Intelligence has arrived. It has done so without its previous aura of mystification and impracticality. Now, with applications such as ChatGPT, it seems to be finally materialising into what technology like this can truly be, and allegedly, productive for all of those who use it.

There has consistently been an irrationality about AI, spawning the idea amongst people of apocalyptic scenes of sentient robot overlords in a post-singularity world. There are legitimate concerns about the use of AI, especially in activities that require a level of human judgement, correctness and authority. But there has been an overcaution (which in some cases has been not entirely unfounded) in certain regards to this, with the sometimes purposeful rejection of AI technologies in fields where it could possibly be beneficial alongside human productivity. None more so has this overly cautious behaviour seeped than into both academia and general education.

This is a manipulation of the truth, and a severe undermining of how students work and overmines how effective AI is as a tool for the lazy.

Anyone likely studying postgraduate, undergraduate, or even general educational courses has probably witnessed a level of paranoia from their academic tutors and peers about the risks of using AI in education assessments. Some even advise to avoid the applications altogether. This illicit substance has spread throughout our educational institutions, supposedly causing academic harm to whoever dares touch it.

This countrys educational institutions are always slow-acting, whether on the encouragement and use of new technologies or not. In part, because of the profit-motive entrenched in our universities. The idea of a student conning their way to a degree through the use of AI to write all their essays would put any universitys vice-chancellors head into a spin. However, it is not likely that this is actually the case when it comes to the application of this technology.

Behind this is a forced narrative that education is becoming a dead purpose. That the young people who are still in education have now garnered a tool to avoid the absorption of actual knowledge, the perils of effort and a dive into the warm pool of achievement. This is a manipulation of the truth, and a severe undermining of how students work and overmines how effective AI is as a tool for the lazy.

As any student who mightve even tried to use a programme such as ChatGPT will find, the quality of work that this particular program provides is far from useful. The likelihood that a university student can type in a command and receive an essay that surpasses the quality of one they couldve achieved through a less than rigorous all-nighter is miniscule. Even when it comes to trying to reference or find studies that fit an argument, it will simply make them up into believable sounding research topics and the names of real academics. Our great technology, when met with the expanse of the entire academic knowledge accessible on the internet, decides it cannot be bothered and would much rather make it up.

A Turing test between AI and a student whos gone out a little too much has not yet resulted in victory for the side of the robots. The current limitations of this new technology have been met in the academic sphere. Of course, as it is AI, it is capable of development seemingly on its own, through repeated and varied use, but it must be addressed that what is accessible AI in todays form is nothing more than an advanced search engine, even in its endeavours of imitating human learning.

Academia and wider education continue to question the education legitimacy of tools such as search engines. The thought of more refined access to knowledge than searching through the pages and pages contained within a library also got the skin crawling of those who ran universities when search tools were first introduced, sometimes still lingering to this day. AI improves upon this, but in the form of a more generalised refinement of information, instead of the trawling through of web pages that the user would have to otherwise do themselves.

So, what should our conception of AI be for those in education? Its not the robots stealing our educational institutions, nor the slight advancement of Google. This is a technology we have developed and which can be best used in its current form for the purposes of summarising and paraphrasing. An ever sticky problem for any student is understanding a concept, but lacking the words to describe it without outrightly plagiarising. AI can help navigate that initial difficulty. Even so, this should be applied tactically and leniently.

How can educational institutions properly address this prospect, then? They should, first of all, avoid panic and misinformation.

On a surface level, the possibility of programmes such as ChatGPT becoming dominant in education and specifically educational assessment is looming. So is it a dead purpose? No. Many still subscribe to the traditional, outdated idea of education especially in our primary and secondary schools as absorption of knowledge, and the spitting out of it on assessed command. Ultimately, AI will simply become a tool not of the attempted deception of knowledge, but one for the commanding, organising and searching of it. Much like search engines or even, in a broad sense, libraries.

How can educational institutions properly address this prospect, then? They should, first of all, avoid panic and misinformation. Inevitably, systems that are already operated by universities to detect plagiarism will catch up and find the commonalities that are present in AI outputs. Until that day, a more rational assessment should be put forward: without the readiness or ability yet to adapt these technologies into educational advancements, students should be shown how to operate and to know their limits with AI. Fear mongering about the possible consequences of getting caught using the systems irresponsibly is more likely to end in a lack of ambition to improve educational output, or doubling down on irresponsible use. The denial of this type of technology, and its advancements in the near future, will only beget apathy in education.

Featured image BETT and Education Show 2019: Lots of robots by p_a_h is licensed under CC BY 2.0.

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THE AI PANIC IN EDUCATION - Norwich Radical