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☆ Employers Can Now Enroll Workers in Some Emergency Savings Accounts
▼ + stars: | 2024-02-09 | by ( Ann Carrns | ) www.nytimes.com time to read: +1 min

Starting this year, a federal law allows employers to enroll workers in emergency savings accounts that are linked to their retirement accounts. “I do think there is tremendous interest in emergency savings programs,” said Matt Bahl, vice president and head of workplace financial health at the Financial Health Network, a nonprofit that promotes financial well-being. Of those, about a third said they offered an emergency savings account feature and another third planned to do so in the next year or two. For instance, only workers making under a certain income limit ($155,000 for 2024) may participate, and their emergency savings are limited to $2,500, though employers can set lower ceilings. And though employers can help with contributions, they must deposit any match into the worker’s retirement account — not the emergency savings account.

Persons: ”, Matt Bahl, Mr, Bahl, — Organizations: Financial Health Network, Research Institute

☆ Mark Zuckerberg and Priscilla Chan announced they're building a computing system to help eliminate human disease by 2100, but costs may be hefty
▼ + stars: | 2023-09-22 | by ( Maiya Focht | ) www.businessinsider.com time to read: +5 min

Priscilla Chan and husband Mark Zuckerberg announced plans to eradicate human disease by 2100. One researcher's excited by the potential, but said it'll likely take lots of time and money to complete. The data could be used to make new discoveries that completely eliminate human disease, Chan and Zuckerberg said in a statement. The Chan Zuckerberg Initiative, the couple's LLC, told The Register that they plan to have their product running by 2024. "AlphaFold has sparked a wave of innovation by showing people what's possible," Chris Bahl, the chief scientist at AI Proteins, previously told Insider.

Persons: Priscilla Chan, Mark Zuckerberg, it'll, Chan, Zuckerberg, I'm, Anne Carpenter, Carpenter, Chan Zuckerberg, CZI, Forbes, AlphaFold, Chris Bahl, Jeff MacGregor Organizations: Service, Broad Institute of Harvard, MIT, Chan Zuckerberg Initiative, San, Engadget Locations: Wall, Silicon, San Francisco

☆ Shares of this little-known global chip firm are set to rise by 50%, Barclays says
▼ + stars: | 2023-03-13 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Shares of Alphawave Semi , a U.K.-based technology company that designs custom chips and semiconductors, are expected to rise by more than 50% over the next 12 months, according to Barclays. The investment bank's equity research team initiated coverage of Alphawave Semi with an "overweight" rating on Feb. 20 and expect the share price to rise to £1.60 ($1.92) per share. Alphawave Semi, formerly known as Alphawave IP, designs microchips for routers, fiber optic cables and other networking devices. One acquisition was OpenFive, which gave Alphawave the ability to create custom silicon products using intellectual property it already owns. The other was Banias Labs, which expanded Alphawave's patents and intellectual property.

☆ How an AI breakthrough from Alphabet's DeepMind 'changed scientific history' and could lead to new cures
▼ + stars: | 2023-02-28 | by ( Andrew Dunn | ) www.businessinsider.com time to read: +11 min

"AlphaFold has sparked a wave of innovation by showing people what's possible," said Chris Bahl, the chief scientist at AI Proteins, a Boston startup using AlphaFold to help develop drugs. "AlphaFold, amazing as it, is just the beginning," Demis Hassabis, the CEO of DeepMind, said on a podcast last year. AlphaFold2 was built with far more biological and physics knowledge of proteins, Jumper said. Next uses will be 'progressively harder' as DeepMind stays secretive on its future workJohn Jumper, a senior staff research scientist at DeepMind who helped develop AlphaFold. "But AI will also continue to progress rapidly, and the folks at DeepMind are very good, so I'm optimistic."

Three buses coming from Texas dropped off about 140 recent migrants — including babies and young children — near Vice President Kamala Harris’ residence in Washington, D.C. in historically frigid temperatures on Saturday evening. But immigration activists said Saturday’s incident was particularly cruel because of the freezing temperatures in Washington, D.C., and because of the fact that it occurred on Christmas Eve. Madhvi Bahl, an organizer with the Migrant Solidarity Mutual Aid Network, confirmed the arrival of the migrants on Saturday to NBC News. The buses dropped the migrants near Harris’ residence at the Naval Observatory. There have been several instances of migrants being dropped off outside, or near, Harris’ residence.

☆ Robots set their sights on a new job: sewing blue jeans
▼ + stars: | 2022-12-12 | by ( Timothy Aeppel | ) www.reuters.com time to read: +5 min

[1/5] A robotic arm positions pieces of stiffened fabric for a demonstration of automated sewing at the Industrial Sewing and Innovation Center in Detroit, Michigan, U.S. August 19, 2021. Industrial Sewing and Innovation Center/Handout via REUTERSDec 12 (Reuters) - Will a robot ever make your blue jeans? Finding a way to cut out handwork in China and Bangladesh would allow more clothing manufacturing to move back to Western consumer markets, including the United States. Rather than teach robots how to handle cloth, the startup, Sewbo Inc., stiffens the fabric with chemicals so it can be handled more like a car bumper during production. The first step is getting robots into clothing factories.

But many are delaying IPOs amid a stock market rout that has raised concerns over frothy tech valuations. In a statement to Reuters, Snapdeal said it has decided to withdraw the IPO prospectus "considering the prevailing market conditions", without elaborating. It adding that Snapdeal may reconsider an IPO in future depending on its need for capital and market conditions. The change of Snapdeal's plans comes as tech stocks in India that listed in recent years face investors' wrath. In August, TPG and Prosus-funded Indian online pharmcy PharmEasy withdrew papers for its $760 million IPO, while Warburg Pincus-backed seller of wireless earphones, boAT Lifestyle, also withdrew its papers in October.

☆ What Kroger, Walmart, Target learned from China's Alibaba about grocery's future
▼ + stars: | 2022-09-25 | by ( Rebecca Fannin | ) www.cnbc.com time to read: +5 min

Kroger has adopted an omnichannel strategy, integration of offline or in-store sales with online orders and logistics. They looked at the New Retail model born in China for complete integration of offline and online channels," he said. But the action was jumpstarted when Amazon bought Whole Foods Market in 2017 and began introducing several advanced technologies to streamline in-store shopping, a shift that also spread to large retailers Walmart and Target. Kroger digital sales gained by 8 percent in the second quarter of 2022, while in-store and online combined gained 5.8 percent from a year earlier. He pointed out that "half of Kroger's app stores are bringing in incremental business and half are cannibalizing in-store sales."

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