Cisco (CSCO) Launches “City Infrastructure Financing Acceleration Program”

Cisco ( NASDAQ : CSCO ) recently announced at the Smart City Expo World Congress held in Barcelona, Spain,  that they have launched the City Infrastructure Financing Acceleration Program, a $1 billion program aimed to make it easier, faster, and more affordable for cities around the world to fund and adopt technologies that will transform their communities. The funding will be provided through Cisco Capital® in partnership with private equity firm Digital Alpha Advisors and pension fund investors APG Asset Management (APG) and Whitehelm Capital. The program helps cities assemble the right type or suite of finance instruments to fund and deploy innovative technology with minimal initial investment. Whether a city is looking to reduce energy usage, ease traffic and parking, or boost public transportation ridership and revenues, the program will help cities with solutions. Revenue-share financing, for instance, even allows a city to tie financing to desired outcomes and extend future operating budgets through revenue streams from the new services that a digitized infrastructure makes possible.

Dow 30 component and San Jose, CA-based Cisco ( NASDAQ: CSCO ) is the worldwide technology leader that has been making the Internet work since 1984. Their people, products, and partners help society securely connect and seize tomorrow’s digital opportunity today. Cisco designs, manufactures, and sells Internet Protocol (IP) based networking and other products related to the communications and information technology industry worldwide.

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Cisco Announces $1 Billion Program for Smart Cities

Smart City Expo World Congress — So-called “smart cities” have less pollution, safer streets, and better quality of life for citizens. But many finance officers struggle to fund the upgrades …..

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Bitcoin Climbs Above New Record of $7000

The cryptocurrency Bitcoin hit $7,066.44 on the Luxembourg-based Bitstamp exchange on Thursday achieving a new all-time high according to Reuters. The story also added that this latest move was on the back of the news that the world’s largest derivatives exchange operator CME Group (CME.O) is reportedly launching bitcoin futures.

Bitcoin rockets above $7,000 for the first time

Digital currency bitcoin took another leap higher on Thursday, rocketing above $7,000 for the first time after a more than tenfold increase in its value over the past year. Credit Suisse (CSGN.S) Chief Executive Tidjane Thiam expressed caution about the booming cryptocurrency, saying the current interest..

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Bitcoin Jumps Again!

Bitcoin has reportedly jumped to a new all-time high of $6,450. Reuters adds that the CME Group Inc stated it would provide a regulated trading venue for the cryptocurrency market and would launch the new derivatives in Q4 2017.

Bitcoin blasts to new all-time high of $6,450

Bitcoin climbed to a new all-time high of $6,450 on Wednesday, boosted by bets the cryptocurrency could enter the financial mainstream after the world’s largest derivatives exchange operator said on Tuesday it would launch bitcoin futures. CME Group Inc said it would provide a regulated trading..

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Electric Vehicle Polestar Model Revealed in China Set to Compete Against Tesla?

Volvo, owned by Zhejiang Geely Holding, bought Polestar in 2015 and relaunched the brand as a stand-alone electric car business in June this year. Recently, they revealed  their “Polestar 1”, a luxury four-seater hybrid coupe  that they are committed competing against Tesla in China, the world’s largest car market.  China has stated that it desires to have electric and plug-in hybrid cars to make up  20% by 2025.

A quick reaction is that the market is surely large enough to share so this will be interesting to see how well they compend if the Polestar works as nice as it looks then I will take one!

Volvo unveils Polestar model in China, looks to rival Tesla 3

Volvo Cars and its Chinese parent have unveiled their first Polestar high performance electric car and pledged to invest 5 billion yuan ($760 million) in the brand, gearing up for intense competition to sell greener cars in the world’s biggest auto market. The Swedish car maker took the wraps off..

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China Benefiting From Bitcoin Moving Higher

China hosts many of the largest exchanges and basically has cornered the mining of new bitcoins and therefore is benefiting from the recent higher move of bitcoin above $4000.

Bitcoin’s Rally Proving a Boon for China

Aug.17 — Bitcoin’s record rally is proving a boon for China, a country that is at the heart of the crypto-currency economy. It hosts some of the biggest exchanges and dominates the mining of new bitcoins. Bloomberg’s Tom Mackenzie was granted rare access to one of the largest digital currency mines in the world…

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Elon Musk’s Hyperloop Test Almost Reaches 200 MPH

Elon Musk’s new transportation option Hyoperlook was successfully tested and achieved 192 mph on its DevLoop track in the Nevada desert. I am excited to hear that we are making significant progress and can hope to dream that this form of transportation becomes a viable and regular option and it looks like fun.

Hyperloop tests its ‘passenger pod’ in historic 310mph run

The July 29, 2017, tests hit record test speeds traveling nearly the full distance of the 500-meter DevLoop track in the Nevada desert, and was the first time the pod has been used…

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Why Does Mark Cuban Believe That He’s An Investor and Not a Venture Capitalist?

In March of this year Mark Cuban at the 2017 SXSW Conference and Festivals in Austin, Texas stated that he’s an investor not a venture capitalist. When he was asked what the difference is he stated the following “The difference is I try to be supportive and involved in the companies I invest in.” These are sharp words from a typically quick to judge and successful gentle that is also one of the judges on the popular start up show “The Shark Tank” and owner of the NBA franchise The Dallas Mavericks.

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Mark Cuban: I’m Not a Venture Capitalist, I’m an Investor

There’s a difference, the Shark Tank Shark argues…

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Frightened of Driverless Cars Becoming Reality?

No this picture is not related to the latest  Stephen King novel or associated to another SciFi movie like Star Trek. However, It does represent today’s reality of driverless cars. I have to admit it that I am a little frightened of driverless cars, but at the same time I am truly excited about the promise and efficiency that it promises. Today BBC News published a story regarding how a driverless shuttle bus is being tested over the next 3 weeks in a bourough of London called Greenwich. It will be exciting to see and hopefully report that all goes well. Stay tuned in…

Driverless shuttle bus to be tested by public in London – BBC News

Over the next three weeks, about 100 people will travel in a prototype vehicle on a two-mile route…

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Should We Be Afraid of Artificial Intelligence?

Recently, it was reported that Elon Musk of Tesla (TSLA), SpaceX, etc. thinks we should be afraid of the artificial intelligence (“AI”) and that we might be headed toward extinction if we are not careful. He was quoted as follows “We are summoning the demon”. These are amazingly strong words coming from a guy that believes we should colonize the universe (next stop Mars..?).

For those of you that need a simple definition of Artificial intelligence (AI), it can be summed up as “intelligence exhibited by machines”. We are currently experiencing a leap forward in AI in concert with significant progress in computer power, sizes of training sets, theoretical understanding, & AI specific techniques that are aiding this development and causing many to fear what may result and how close we are to realizing the results.

Now Elon Musk, along with his business partner in a relatively new project, Sam Altman, President or Y Combinator, have now founded OpenAI, a billion-dollar nonprofit company, that is focused on working for “safer artificial intelligence”. It will be interesting to see how their efforts along with others will help guide us through these uncharted waters and hopefully guide us away from extinction as some fear may be inevitable.

Note that the 2017 EmTechDigital Conference is currently going on March 27-28 in San Francisco and is to focus on the business impact of artificial intelligence. Apparently it is sold out!


Elon Musk’s Billion-Dollar Crusade to Stop the A.I. Apocalypse

Elon Musk is famous for his futuristic gambles, but Silicon Valley’s latest rush to embrace artificial intelligence scares him. And he thinks you should be frightened too. Inside his efforts to influence the rapidly advancing field and its proponents, and to save humanity from machine-learning overlords…

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Lockheed Martin (LHT) Handing “Star Wars Like” Laser Beam Weapon to U.S. Military?

It was reported that the U.S. Military is likely getting an early Christmas gift to fight the “bad” guys as Lockheed Martin (LHT) has developed a laser beam system that can focus energy toward a single, small spot. For any of you that are Star Wars fans or at least SciFi followers your imagination and fancy like mine is registering off the charts. At the same time I am truly afraid of what this might mean in the future…..Note that LHT pays a healthy ~2.70% dividend.

Lockheed Martin completes new battle laser for U.S. military

A new laser for warfare is ready to be delivered to the U.S. military..

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