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Innovation News
Eu-Startups
1w
25
Government as a key partner in innovation: Unlocking potential through public-private collaboration
- Innovation is vital in addressing economic, environmental, and social issues.
- The public sector, namely local and national governments, can support innovation through policy, infrastructure, education, and funding.
- Governments can drive innovation by investing in infrastructure, providing funding and support, building supportive policies and regulatory frameworks, and supporting education and talent development.
- Government-funded grants are especially beneficial for early-stage businesses providing critical funding without giving up equity.
- A supportive regulatory framework is crucial for fostering innovation from the public sector, creating forward-looking policies like regulatory sandboxes.
- Governments invest in education, apprenticeships, and reskilling programmes to develop a talent pool for innovative companies.
- Successfully collaborating with government as an innovation partner can yield mutual benefits and opportunities for growth.
- To maximize the potential of government partnerships, businesses should align goals with public interests, prioritize clear communication, comply with regulatory compliance, embrace flexibility and adaptability, commit to long-term engagement, implement robust risk management, articulate their value proposition, engage diverse stakeholders, and foster transparency and accountability.
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Medium
1w
102
Image Credit: Medium
Discovering and Delivering What Customers Really Want: Crafting the Best User Stories
- User research is crucial for understanding customer needs and perspectives.
- Identify essential tags to specify the user and separate them from others.
- User stories should follow a standard format and include acceptance criteria.
- Clear communication and using visuals can enhance understanding of user stories.
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Pymnts
1w
119
Image Credit: Pymnts
Mapping the Money: Why Payments Innovation Starts With the Customer Journey
- Companies are considering updates to their payments processes, but the challenges of automation and digitization can be daunting and costly.
- To achieve frictionless commerce, businesses should focus on outcomes and take a modular approach with advanced technologies like AI.
- A frictionless payments ecosystem is essential for customer retention, improved loyalty, growth, and scale.
- Mapping the customer journey and leveraging technologies such as APIs and CRM can help streamline payment flows and improve cash positions.
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Medium
1w
12
From Transistors to the Internet: The Top 10 Technological Innovations Since 1950 That Transformed…
- The transistor revolutionized electronics, leading to smaller and more efficient computers.
- The integrated circuit (IC) reduced the size and cost of electronic devices and is integral to modern computing.
- The introduction of personal computers democratized access to technology and transformed work and communication.
- Mobile phones and smartphones revolutionized communication and enabled connectivity from anywhere.
- The internet transformed communication, commerce, education, and entertainment, connecting people globally.
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Fintechnews
2w
312
Image Credit: Fintechnews
Swift and Google Cloud Join Forces to Combat Fraud with AI Innovations
- Swift is collaborating with Google Cloud to develop anti-fraud technologies.
- The partnership will leverage AI and privacy-enhancing technologies.
- The initiative aims to enhance fraud detection capabilities while ensuring data confidentiality.
- A sandbox environment will be launched in 2025 for financial institutions to prototype learning.
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Insider
2w
323
Image Credit: Insider
Google has unveiled a new quantum computer chip that cracks a '30-year challenge in the field'
- Google has unveiled its new chip, Willow, which outperforms current computer benchmarks.
- The chip solves a 30-year hurdle in quantum computing and advances it for commercial uses.
- The new chip reduces errors and can perform a standard benchmark computation in under five minutes.
- Tech leaders, including Elon Musk and Sam Altman, have praised Google's development.
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Pymnts
2w
262
Image Credit: Pymnts
BofA’s CashPro App Hits $1 Trillion Milestone, Spotlighting Treasury’s Digital Evolution
- Bank of America's CashPro App has reached a milestone of $1 trillion in payment approvals by the end of 2024, highlighting the increasing digitalization of treasury management.
- The app has experienced significant growth, with a more than 25% year-over-year increase in payments approved.
- Clients rely on the app for routine payroll as well as high-value transactions, showcasing its versatility and reliability.
- Bank of America plans to further enhance the CashPro App by focusing on security, data intelligence, and personalized experiences, aiming to stay ahead of industry trends.
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Silicon
2w
404
Image Credit: Silicon
Reddit Introduces AI Search Tool
- Reddit has introduced an AI-powered feature called Reddit Answers to provide information to users based on posts on the platform and reduce dependence on Google searches.
- The feature allows users to ask questions, and the AI generates an answer based on posts from the site, providing direct links to the content.
- Reddit sees this feature as a way to improve navigation on the site and plans to expand it to more users after the initial testing phase.
- The AI tool is built on top of Reddit's existing search tools and utilizes AI models from OpenAI and Google Cloud.
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Silicon
2w
163
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OpenAI Releases Sora Video-Generation Tool
- OpenAI has released its Sora video-generation tool to ChatGPT Plus and Pro subscription users.
- The tool allows users to generate short video clips from text prompts and was previously only available to testers.
- OpenAI has implemented content controls to address concerns over copyright infringement and deepfakes.
- The company is taking an incremental approach to the feature and applying stricter moderation for videos depicting individuals under 18.
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Silicon
2w
288
Image Credit: Silicon
Tesla To Use Human Back-Up Drivers For Cybercab Fleet
- Tesla plans to use human back-up operators for its robotaxi fleet when it launches next year, according to Deutsche Bank.
- The company intends to begin with a company-owned fleet and an internal ride-hailing app.
- Tesla is still aiming to launch a more affordable electric vehicle in the first half of 2025 and other models later in the year.
- Deutsche Bank believes Tesla is well-positioned in terms of innovation and execution strength.
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TechBullion
2w
339
Image Credit: TechBullion
How Individual Development Plans Empower Employee Success
- Individual Development Plans (IDPs) are structured approaches to personal and professional growth, customized for each employee's career goals, strengths, and areas where improvements are needed, with input from managers.
- IDPs enable employees to take ownership of their professional development, feel valued, and aligned with the company objectives, thus leading to their overall performance.
- IDPs usually include career aspirations, skills assessment, clear learning objectives, actionable steps, timeline, regular feedback and reviews.
- Effective IDPs utilize relevant tools for employee assessment and development programs. Zenithr Elevate utilizes Thomas International’s psychometric tools for its Define, Measure, and Elevate program for assessment and IDP goal setting.
- Elevate also offers 360 feedback, DISC theory-based job profiling for mapping roles with candidates’ natural strengths and skills, and the 9-box grid tool for mapping performance data for identifying high-potential employees, to support succession planning.
- The IDP framework supported by the assessment and development tools from Zenithr Elevate offers personalized growth strategies, actionable guidance, and relevant opportunities that lead to better employee engagement, productivity, and long-term business success.
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Silicon
2w
266
Image Credit: Silicon
China Opens Nvidia Antitrust Probe After US Sanctions
- China's antitrust regulator has opened an investigation into Nvidia over its acquisition of Mellanox Technologies.
- The move is widely seen as a retaliatory measure against US export restrictions.
- The investigation is based on concerns that Nvidia violated Chinese competition law.
- Previous rounds of US sanctions have restricted Nvidia's sales of advanced GPUs to China.
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Silicon
2w
34
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Google Announces Quantum Chip Error ‘Breakthrough’
- Google announces the quantum chip named Willow, which shows significant improvements in error correction.
- The benchmark test conducted on the Willow chip shows that it can outperform one of the world's fastest supercomputers.
- Google's quantum chip paves the way for large-scale quantum computing, which can have applications in various fields such as nuclear fusion reactors and medical science.
- Although general-purpose quantum computers are still a few years away, the progress made with the Willow chip is considered a milestone in the field.
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Medium
2w
249
Image Credit: Medium
Product Management, Generative AI, and Innovation: Why I’m Writing on Medium
- This article focuses on three core themes: Generative AI, Product Management, and Innovation.
- It explores how Generative AI is redefining how we create value.
- It discusses strategies, methodologies, and building products that make a difference in Product Management.
- It emphasizes the importance of innovation in transforming ideas into tangible results.
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15 Likes
Medium
2w
240
Image Credit: Medium
AI 2025: The Age of Autonomous Agents
- AI has evolved from basic chatbots to sophisticated autonomous agents.
- This evolution marks the beginning of a larger shift in how we interact with technology.
- Autonomous agents are digital specialists capable of grasping complex contexts and performing intricate tasks.
- Ensuring robust safety measures is crucial for realizing the full potential of autonomous agents.
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