India can create $1 trillion of economic value using digital technology by 2020: Amitabh Kant

NEW DELHI :
Niti Aayog CEO Amitabh Kant on Thursday said digital infrastructure has become indispensable to the functioning of society and India can create USD 1 trillion of economic value using digital technology by 2025.

Addressing a virtual event organised by industry body FICCI, Kant said the COVID-19 pandemic has provided an impetus to the ever-expanding digital infrastructure.

“Digital infrastructure has become indispensable to the functioning of society… India can create USD 1 trillion of economic value using digital technology by 2025,” he said.

He added that digital infrastructure has emerged as more significant infrastructure as compared to traditional infrastructure necessities such as power and road. It is crucial for India to augment digital infrastructure to utilise frontier technology in economic development, Kant said.

The digital is the future, Kant said adding that if India wants to improve the social sector or health sector then going digital is critical.

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Rapid method finds potent COVID-19 monoclonal antibody among a trillion possibilities — ScienceDaily

University of Pittsburgh School of Medicine scientists have discovered the fastest way to identify potent, neutralizing human monoclonal antibodies against SARS-CoV-2, the virus that causes COVID-19.

The method — as well as a trio of successful animal studies on an antibody called “Ab1” — are described today in the Proceedings of the National Academy of Sciences. Ab1 is on track for human clinical trials by early next year.

At any given time, the human body contains up to 10 billion different antibodies. With samples from a few hundred people, senior author Dimiter Dimitrov, Ph.D., director of Pitt’s Center for Antibody Therapeutics (CAT), and his team over the last several years built multiple libraries containing a total of 1 trillion human antibodies. With such a large number, odds are that these libraries contain an effective antibody against any pathogen — the challenge is in identifying the right antibodies in the

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IFC invests in start-up tackling $2.5 trillion food waste issue

“Perishability is more important than ever,” says James Rogers, founder and CEO of Apeel.

Apeel

Apeel, a food science start-up backed by Oprah and Katy Perry, is launching a new initiative to help the world’s smallest-scale farms waste less and get more of their crops to market.

The company, which makes natural coatings that extend the shelf-life of supermarket staples like avocados and lemons, has raised $30 million in new funding from investors to help with the new effort as well as its expansion to more grocery stores around the world and introducing a wider variety of crop coatings.

Among those new investors is the International Finance Corporation (IFC), a sister organization of the World Bank and member of the World Bank Group, which is the largest global development institution focused exclusively on the private sector in developing countries. This year alone, IFC has invested $22 billion in private companies

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How Trends In AI, Automation And Emerging Tech Are Poised To Disrupt The 4.6 Trillion Money Markets Industry

As traditional money markets boom to record highs of 4.6 trillion dollars, it is clear investors are looking for safe returns during these times of economic uncertainty. New start-ups like Harvest.io are making waves by leveraging new technologies to disrupt one the largest and oldest sectors of finance.

In what feels like an infinite universe of thematic funds and obscure financial products, the biggest trend in 2020 is the record highs that the money market exchange-traded funds (ETFs) reached, exceeding $4.6 trillion USD—-all thanks to the power of AI and automation. ETFs are funds that have strict mandates that require them to maintain precise allocations of their capital across a range of predefined products. As the market prices the assets move, the ETF must rebalance allocations to remain within their mandates. This gets particularly tricky when the ETF capital amounts are varying widely from day to day. This is where

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