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Levoexpert 's Blog

Ideas and thoughts from Levoexpert's team

Flying car startup gets Chinese cash

Flying car startup gets Chinese cash

Imagine: A five-seat electric jet that can move passengers between Manhattan and JFK Airport in five minutes. That ambitious idea has caught the attention of China's Tencent (TCEHY), the lead investor in a $90 million fundraising round announced Tuesday by startup Lilium.   The German firm, which successfully tested a prototype two-seater jet in April, said it will use the money to add to its 70 staff and develop a larger five-seat jet that can take off and land vertically. Founded by four students from the Technical University of Munich in 2015, Lilium has recently hired executives with experiene at Airbus (EADSF), Rolls Royce (RYCEF) and Tesla (TSLA).   The company's next design project is an air taxi that can travel at speeds of up to 300 km/hour (186 mph). P...

10 Tech News you know today

10 Tech News you know today

1. China has banned initial coin offerings (ICOs), and it may only be the start of tougher regulation. Local media reports the country plans to further tighten rules on virtual currencies. 2. Vladimir Putin believes whatever country has the best artificial intelligence (AI) will be the "ruler of the world." The Russian president told students Russia will share its AI findings with other nations. 3. The facial recognition of Samsung's Galaxy S8 can be fooled with a photo. Even photos on Instagram or Facebook do the trick. 4. Apple has killed its decade-old music festival, Apple Music Festival. As Music Business Worldwide reports, it was held in London, typically with events every night. 5. Cryptocurrencies are getting smoked. Bitcoin is now dow...

Artificial Intelligence is the future

Artificial Intelligence is the future

Putin believes that whatever country has the best AI will be 'the ruler of the world' Russian president Vladimir Putin believes that in the future, the country that leads in artificial intelligence (AI) could dominate the world.   According to a report by Russian state-funded organisation RT (which we first saw via The Verge), Putin told students that "artificial intelligence is the future, not only for Russia, but for all of humankind." "It comes with colossal opportunities, but also threats that are difficult to predict," he said.   "Whoever becomes the leader in this sphere will become the ruler of the world." That's why Russia will share its know-how in artificial intelligence with other nations. "It would be strong...