Tag Archives: bad-request

South Korean robot ‘terminates’ Google-backed rivals

POMONA, Calif. — A humanoid robot built by engineers in South Korea beat out robots backed by Google (GOOGL), Amazon.com (AMZN) and top U.S. technology schools to win the $2 million grand prize in the Darpa Robotics Challenge (DRC) on Saturday. The U.S. Defense Advanced Research Projects Agency (Darpa) sponsored the Darpa Robotics Challenge to spur the development of robots that can save lives after natural and man-made disasters. Japan’s Fukushima nuclear reactor meltdown in 2011 was a call to action for the competition. Robot DRC-Hubo from the Korea Advanced Institute of Science and Technology (KAIST) and its spinoff company Rainbow completed all eight assignments in a simulated disaster-response mission in less than 45 minutes. A robot named Running Man from the Florida Institute for Human & Machine Cognition (IHMC) came in second to claim the competition’s $1 million prize. Running Man, built by Google-owned Boston Dynamics, finished the eight…

IPO Calendar: Axovant Sciences Leads List Of 5 IPOs

Five initial public offerings slated for the week of June 8 plan to raise $471 million, led by Axovant Sciences, a developer of treatments for Alzheimer’s disease and other forms of dementia. Two other health-related IPOs are in the lineup, as is a bank and restaurant chain. Axovant could be the fifth biotech of 2015 to command a market cap valuation of more than $1 billion, reports IPO ETF manager Renaissance Capital. Last year, it says, just two

Proofpoint Email Security Seen Taking Market Share

Proofpoint (PFPT) got a price target increase Monday and notched yet another record high, as an analyst sees it as a leader in securing email, giving the company significant growth opportunities. “We believe Proofpoint’s growth will be driven by increasing its penetration into Fortune 1000 businesses (only 24% penetrated at the end of Q1), cross-selling more products to existing customers (60% of customers still only buy one product) and