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UK government seeks to use more facial recognition tech

09/07/202309/06/2023 L. Green

The Ministry of Defence has called on tech companies to submit ideas for the expansion of its use. The UK government is working on expanding the way it is using facial recognition technology in security agencies and police forces. It is currently actively seeking input from companies for ideas to broaden the use of the tech. The Ministry of Defence’s (MoD) Defence and Security Accelerator (DASA) is currently seeking to identify and fund facial recognition technology for the country’s security services, armed forces and police. As a major component of…

New energy technology in the form of paint can heat and cool buildings

08/31/202308/30/2023 L. Green

Energy technology - Person painting house exterior

This can help to reduce electricity use for air conditioning and decrease heating fuel consumption. Stanford University scientists have developed a new form of energy technology in the form of a paint that can both heat and cool homes and other structures, keeping them cool in the summer and warm in the winter. The result is that electricity and heating fuel consumption are reduced, as is the cost of their use. The idea is that through this paint alone, buildings can reduce their operating costs and produce lower carbon emissions.…

Consumers love paying bills with mobile wallets, but fees could block growth

08/24/202308/23/2023 L. Green

Half of consumers say they wouldn’t use this feature if it came with an added cost attached to it. All age demographics are using their mobile wallets to an increasing degree for the purpose of bill payments. Consumers enjoy the convenience of being able to pay their bills whenever and wherever they want. There is certainly an advantage to using mobile wallets when compared to now outdated methods of paying bill such as writing a paper check and mailing it or heading to the bank or institution to make a…

Rakuten Group to combine its mobile payments and credit card business units

08/17/202308/16/2023 L. Green

Mobile payments Japan - person paying via mobile

The struggling Japanese company intends to fold together several of its units, according to recent announcements. Rakuten Group, headquartered in Japan, has announced its intentions to fold its mobile payments and points businesses into its credit card unit. This move could align the company to eventually list its card business as it has done with others. Even though Rakuten earns solid earnings from its e-commerce business, it has continually lost money over 12 straight quarters as a result of the expensive expansion of its mobile payments business, which didn’t gain…

Artificial intelligence boosts breast cancer detection in new study

08/10/202308/09/2023 L. Green

Artificial intelligence - breast cancer results

The research in Sweden showed that AI can be a helpful tool for doctors detecting cancers efficiently. A substantial study was conducted in Sweden, examining the benefit of using artificial intelligence to help interpret breast cancer screening results. The results showed that AI can help to boost the efficiency of cancer detection by human doctors. That said, the study authors point out that as rigorous and lengthy as this particular research was, it is still important to conduct more studies to help determine precisely where the technology offers value and…