Share to Twitter Share to Linkedin In a conversation I had with our CEO at Anderson Business Advisors, we discussed a financial planner that we both knew. A married couple in their early forties came into his office. They were earning about $40,000 per year, and they wanted to retire. The financial planner said, “There’s no way,” but then he looked at their numbers. They owned rental properties that were more than paying for their expenses, and they lived pretty frugally. They didn’t have any debt. They owned their house outright. They owned their cars outright. They did not have children, so they didn’t have those related expenses. They had enough assets and did not need to work. The planner was kind of shocked and asked them how they had done it. They said that they just always put 20 percent of their money aside into an investment account, and when it got big enough, they would buy another rental property. That is the secret. They consistently put money … [Read more...] about The Best Time To Start Securing Your Financial Future Is Now
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Fintechs Say They Can Speed Up The Stimulus, If The Government Just Lets Them
Share to Twitter Share to Linkedin As the U.S. government tries to soften the blow of the coronavirus and prepares to send $1,200 to millions of Americans , fintech CEOs have stormed Twitter with messages for lawmakers. “The technology exists to get money to most people today (even to those without bank accounts). Square and many of our peers can get it done. US government: let us help,” Square CEO Jack Dorsey said on March 26. Twenty minutes later, Plaid CEO Zach Perret chimed in , “Let fintech help.” Payroll processing company Gusto spoke up the next day, writing , “We're urging the U.S. government to partner with payroll platforms so we can create an instant pipeline to get relief funds to small businesses—within 24 hours.” Fintech companies have built fast, nimble systems for moving money. But the reality of how these government partnerships might work is much more complicated and requires a close look at the details. For … [Read more...] about Fintechs Say They Can Speed Up The Stimulus, If The Government Just Lets Them
ByteDance reportedly testing food delivery service via its Chinese version of TikTok
Users in the trial cities were able to order takeaway by accessing an option added to ByteDance's Douyin channels. Representative Image (Source: Reuters) Chinese technology giant ByteDance is purportedly testing a type of food delivery service in China via its short video app Douyin, which is the Chinese version of TikTok, CNBC reported on February 8. It is also considering extending the service beyond the trial. The move can potentially pit the company against major e-commerce companies like Alibaba and Meituan. According to the report, a Douyin spokesperson said that the company has been “testing a feature in Beijing, Shanghai, and Chengdu that enables merchants to promote and sell ‘group-buying’ packages to Douyin users in these select cities and have them delivered.” "We would consider expanding the feature to more cities in the future depending on the testing results. There is no detailed timeline yet,” a Douyin spokesperson told CNBC . Most often, restaurant … [Read more...] about ByteDance reportedly testing food delivery service via its Chinese version of TikTok
Google’s AI chatbot ‘Bard’ offered incorrect information in company ad
Google unveiled 'Bard' - an AI conversation service to take on ChatGPT. Google on Wednesday announced a slew of features powered by Artificial Intelligence (AI), but a mistake in an ad caused its share price to tank. The search engine giant is rushing into the space after the bot ChatGPT caught the imagination of web users around the world with its ability to generate essays, speeches and even exam papers in seconds. Microsoft has announced a multibillion-dollar partnership with ChatGPT maker OpenAI and unveiled new products on Tuesday, while Google tried to steal the march a day earlier by announcing its "Bard" alternative. The bots are quickly being integrated into search engines and Google is battling to preserve its two-decade dominance of the web search industry. But astronomers on Twitter quickly noticed that Google's Bard had given out an error in an ad on Twitter touting its new technology. Read More In the ad, the bot was asked about what to … [Read more...] about Google’s AI chatbot ‘Bard’ offered incorrect information in company ad
Agnikul Cosmos to patent 3D-printed rocket engine
From left: AgniKul Cosmos co-founder and COO Moin SPM and CEO Srinath Ravichandran Agnikul Cosmos, the space tech startup incubated at the Indian Institute of Technology Madras, will apply for a patent for its full-scale, second-stage engine Agnilet, which it claims is the world’s first single-piece 3D-printed rocket engine. This means it’s been made in one shot without the thousands of parts that are typically assembled in a conventional rocket engine. Agnikul Cosmos has also developed its own mobile launchpad, which allows it to launch rockets from any authorised port. The startup is awaiting final approvals from the Indian Space Research Organisation to launch its rockets from Sriharikota. By developing its own mobile launch pad, the startup is in a better position to scale up its business in the future. In an interview with Moneycontrol , cofounder and CEO Srinath Ravichandran, a Wall Street trader-turned-aerospace engineer, spoke about why India’s space technology … [Read more...] about Agnikul Cosmos to patent 3D-printed rocket engine
Korean celebrities promote traditional arts and crafts
Girl group NewJeans made hanji, or Korean traditional mulberry paper, in a YouTube video in early January, with hanji-maker Ahn Chi-yong. [JOONGANG ILBO] Adding to the already large and still-growing international influence of K-culture, some Korean celebrities, whether due to a sense of responsibility or simply because they've become enamored by its beauty, have been actively incorporating traditional Korean elements into their content. In turn, fans have certainly taken notice, and it has aided in teaching the world more about the beauty that is Korean culture. Most recently, girl group NewJeans was shown making hanji , or Korean traditional mulberry paper, in a YouTube video in early January. Hosted by the Korea Craft and Design Foundation, a state-run institution, the five members learned all about the craft by hanji-maker Ahn Chi-yong, who himself has also been designated as one of Korea’s intangible cultural assets. “I didn’t know much about hanji, but I feel proud … [Read more...] about Korean celebrities promote traditional arts and crafts
Korean design jumps on the K-history bandwagon with traditional motifs
"Good Luck Fish," lifestyle brand 2nd universe's updated version of the dried pollack tied with silk yarn tradition [2ND UNIVERSE] The city of Seoul has a fantastic collision of old and new. In between its modern buildings, the city boasts beautiful ancient palaces and traditional houses that harmonize with nature. Trendy buildings these days seem to be bringing that power of Seoul’s contrasting beauty into their designs as many of them have fused the modern with the traditional, like the renovated hanok (traditional Korean building) cafes in Samcheong-dong, or newer buildings that feature traditional Korean designs. Whatever the method may be, the vibe is still very natural, boosting the understated charm that represents Korea's capital city. Branching off of these efforts, many brands are taking on the challenge of mixing and matching traditional Korean elements while still staying up-to-date on trends. The following is a selection by the Korea JoongAng Daily of local … [Read more...] about Korean design jumps on the K-history bandwagon with traditional motifs
Choi Ji-man dropped from Korean roster for World Baseball Classic
Choi Ji-Man talks to reporters at Incheon International Airport in Incheon on Jan. 8. [NEWS1] Choi Ji-man has been dropped from the Korean team for World Baseball Classic 2023 after his MLB team, the Pittsburg Pirates, objected to his participation on medical grounds. Choi, the most seasoned Korean batter playing in the big leagues, was named to the Korean squad for the tournament last month. With previous Korean rosters often overlooking players without any KBO experience, Choi had never been called up to represent Korea before. “I feel hungry because I have never put on a Taeguk mark before,” Choi Ji-man told reporters at Incheon International Airport on Jan. 8 before he departed to the United States for the MLB preseason. The Pirates opted to block Choi Ji-man's participating on medical grounds as he is still undergoing rehabilitation following elbow surgery last year. Korean national baseball team manager Lee Kang-chul replaced Choi Ji-man, a first baseman, with SSG … [Read more...] about Choi Ji-man dropped from Korean roster for World Baseball Classic
Broken Synapse: Why Employees And Customers Are Fleeing This Andreessen-Backed Fintech Startup
Inside the chaos at Synapse, where questionable management tactics by CEO Sankaet Pathak have left the company with its future in jeopardy. I n July 2019, the 29-year-old CEO of San Francisco financial technology startup Synapse scolded five of his engineers for not making faster progress. “Do you even enjoy this project?” Sankaet Pathak asked. “Not really,” the team’s leader answered. “That’s it, you’re out,” Pathak declared, firing the employee on the spot in front of his colleagues. Synapse’s Human Resources director, Juan Aguayo, confiscated the terminated worker’s key card and computer. But as Aguayo spoke, he received a message on his laptop, and his tone started to change. Minutes later, he said to the engineer, who was now crying, “Don’t worry, you’re not fired.” The dazed, confused employee went back to his desk. Pathak never spoke to him about the incident again, acting like it never happened. The engineer started looking for a new job the following week … [Read more...] about Broken Synapse: Why Employees And Customers Are Fleeing This Andreessen-Backed Fintech Startup
Five Fintech Predictions For 2020, According To Kleiner Perkins
Share to Twitter Share to Linkedin Monica Desai Weiss is an investor at Silicon Valley venture capital firm Kleiner Perkins, where she focuses on fintech and blockchain. Previously, she led operations and strategy at digital wallet startup Blockchain and was a bond trader at JPMorgan. Forbes spoke with her about the past year in fintech and her top predictions for 2020. The conversation has been edited for brevity and clarity. Forbes: For fintech in 2019, what events or milestones stand out as the most important? Desai Weiss: There were a few big themes. Financial services incumbents took notice of fintech startups, and some parts of the fintech industry matured. There were several mergers and acquisitions around payment processors [like Fiserv acquiring First Data]—these companies are coming to terms with Stripe and Square’s success in payments. There was also a great reckoning around trading fees. Schwab, TD Ameritrade and Etrade all dropped their … [Read more...] about Five Fintech Predictions For 2020, According To Kleiner Perkins