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Tag: technology

Tech Tent: the technology of pleasure

Tech Tent: the technology of pleasure

Technology
When it comes to sex tech, the gadgets that grab the headlines tend to be the sex robots, with their exaggeratedly feminine shapes and artificially intelligent responses to desire.But the market extends beyond these devices, and one British firm is seeking to challenge the stereotype.Stephanie Alys, co-founder of Mystery Vibe, describes her firm's product, the Crescendo vibrator, as a luxury sex toy. With a $ 180 price tag - £139 in the UK - it's certainly not cheap.It's a silicon-encased device which can be bent into a number of shapes. It can be controlled via a phone app and features wireless charging.It's app-powered, but in this age of fierce debate about data privacy and protection, is this most personal of data for sharing?There is no log-in to the Mystery Vibe app and no data is co
Ethics 'must be at centre' of AI technology

Ethics 'must be at centre' of AI technology

Technology
The UK's first public inquiry into the development and use of artificial intelligence (AI) has said the law governing its effects "is not currently clear".The House of Lords Select Committee on Artificial Intelligence has asked the Law Commission to investigate whether UK law is "sufficient" when systems malfunction or cause harm to users.The recommendation comes as part of a report by the 13-member committee on the "economic, ethical and social implications of advances in artificial intelligence".The report proposes a national and international "AI code" based on five principles to ensure the country becomes "a world leader" in the industry's application of machine learning. The principles are focused on fairness, education and avoidance of wrongdoing.Committee chairman Lord Clement-Jones...
Kongsberg signs long-term vehicle technology deal in Qatar

Kongsberg signs long-term vehicle technology deal in Qatar

Business
March 13 (UPI) -- International technology company Kongsberg signed a long-term technology development program deal with Barzan Holdings for work in Qatar.Kongsberg CEO Geir Håøy and Hamad Al Hajri, Program Director Barzan Holdings, signed the agreement in Doha, Qatar on Tuesday. The contract is potentially valued at more than $ 194.1 billion over an eight year period.The contract will seek to develop new technologies for "communication, digitalization and tower solutions for military vehicles."The technology development program is one of the largest undertakings in Kongsberg's history, the company said."We see considerable opportunities and potential for Norwegian industry and technology development with this establishment," Geir Håøy, President and CEO of Kongsberg, said in a press relea
Supposed financial technology firm SixCap is getting liquidated

Supposed financial technology firm SixCap is getting liquidated

Finance
Singapore-based Six Capital Investments, a firm that touted itself as a financial technology innovator but which has been plagued by scandal for months, is being liquidated.The company, known as SixCap, was placed into insolvent liquidation last month in the British Virgin Islands where it's incorporated, according to a statement dated Feb. 26 from appointed liquidator Baker Tilly.Investors and creditors were toldthey're collectively owed more than $ 143 million, according to a Wednesday report by Singaporean newspaper The Business Times.Baker Tilly did not immediately respond to an email from CNBC requesting confirmation of that figure and asking for other details such as the number of investors involved.The development marks the latest in the downfall of a firm that once occupied a prime...
Advisors not up to speed on blockchain technology will get left behind: Experts

Advisors not up to speed on blockchain technology will get left behind: Experts

Finance
If you're a financial advisor, chances are you're not using blockchain technology and not even sure how to define it.But you could be missing one of the biggest developments poised to disrupt the entire financial services industry, according to some financial experts.Blockchain technology was developed to serve as the backbone for the bitcoin cryptocurrency.But the blockchain is rapidly gaining popularity as people realize its value as a mechanism for executing transactions without the oversight of a third party or central bank, said Magdalena Ramada, senior economist at Willis Towers Watson, in a presentation at the Technology Tools for Today Advisor Conference in Fort Lauderdale, Florida.The blockchain is defined as a digital distributed ledger, or registry of information, according to R...