News

Winterthur ZH – The textile machine manufacturer Rieter now offers a smartphone app that makes it possible to monitor key data about production, quality and energy at spinning mills, allowing mill personnel to react quickly to prevent costly downtime.

Zug – Bitmain Technologies has launched a subsidiary in Zug, according to a statement. The world’s largest producer of bitcoin miners plans to support its global expansion from Crypto Valley around Zug and Zurich.

Zug – Bangladesh has turned to Zug’s Crypto Valley for financial insights. The country plans to work with the Zug-based company Lykke to develop a system based on blockchain technology for public services.

Washington/Davos – Donald Trump will take part in this year’s World Economic Forum, which begins on 23 January in Davos, where he will explain his America First agenda. He’s the second sitting American president after Bill Clinton to attend the WEF.

Zurich – A new method from the University of Zurich makes it possible to predict whether cancer patients will respond positively to immunotherapy, making it possible to treat patients for whom the therapy will not work with a different method at an earlier stage.

Zurich – RosieReality developed a virtual robot for iPhones that makes augmented reality accessible to children. The Zurich-based startup has now raised $700,000 from investors.

Zurich – The reinsurer Korean Re intends to open a branch in Switzerland in a bid to expand its presence in Europe, according to a media report.

Zurich – 25 spin-offs were founded at the Federal Institute of Technology (ETH) in Zurich in 2017, the same as 2016’s record level. Many of the spin-offs come from the ICT area.

Zurich – Singularity Net raised $36 million in just 66 seconds with its Initial Coin Offering. The crypto firm is developing a marketplace for artificial intelligence.