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JPMorgan: Gold will suffer as institutional investors flock to bitcoin – CNBC

Bitcoin on a mound of gold.

bodnarchuk | iStock Editorial | Getty Images

Increased appetite from institutional investors for bitcoin is set to boost inflows to funds that give traders exposure to the red-hot cryptocurrency to the detriment of gold, according to strategists at J.P. Morgan.

Bitcoin has been on a tear this year, rallying more than 150% year-to-date and outperforming a host of major assets including U.S. stock indexes like the Dow Jones Industrial Average and gold.

Cryptocurrency enthusiasts say it's down to unprecedented stimulus from the U.S. and other global governments.

Investors often look to gold as a so-called "safe haven" in times of economic turbulence, to hedge against potential losses in the event of a market downturn.

Several bitcoin bulls have described the virtual currency as "digital gold," given its strong performance in 2020 despite the Covid-19 crisis.

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Ripple-Backed Bitcoin And Crypto Exchange Bitso Reveals $62 Million Funding Round To Conquer Brazil – Forbes

Ripple-backed bitcoin and cryptocurrency exchange Bitso has announced a $62 million investment round led by venture capital firms Kaszek Ventures and QED Investors.

The Mexico-based exchange, which recently passed 1 million users, is looking to expand across Latin America with a focus on Brazil, where it launched earlier this year.

Bitso is planning expansion across Latin America, with a focus on bringing bitcoin and ... [+] cryptocurrency services to Brazil.

Unlike many cryptocurrency exchanges that have doubled-down on bitcoin services this year amid its growing reputation as digital gold, Bitso is looking to develop its cryptocurrency-based remittance business in one of the world's largest cross-border money markets.

"We're looking to provide access to financial products in a similar way to a bank," Bitso chief executive and co-founder Daniel Vogel said, speaking over the phone.

"The level of access to traditional financial services in these regions is low and the prospect of using cryptocurrency and stable coins for cross border remittances attracted Kaszek and QED."

As much as 70% of Latin Americas population are thought to lack access to a bank account, research has shown.

"Crypto has more opportunity in regions like Latin America than the U.S. where the banking infrastructure is more sophisticated," said Nicolas Szekasy, co-founder and managing partner of Brazil-based Kaszek Ventures, speaking over the phone. "We've been looking into the space for years and we have strong conviction that Bitso is the way to go."

The investment represents the first foray into cryptocurrency for both QED Investors and Kaszek Ventures.

"QED has long kept a pulse on the crypto market and Bitso in particular," said Nigel Morris, co-founder and managing partner at QED Investors, in a statement. "The power crypto has to disrupt and innovate traditional financial services is inexorable and we look forward to using our operating knowledge and expertise to help Bitso achieve exactly that."

Vogel, who said Bitso is looking to double its 1 million users in Brazil, stressed the importance of Bitso's diverse staff, adding "local knowledge helps when building a business and customer base."

Bitso has become the biggest cryptocurrency exchange in Argentina since launching there in February, an achievement Vogel puts down to the company's focus on regulatory compliance.

"One of the reasons we were able to take over Argentina so quickly is because we're one of the only exchanges there that's regulated," Vogel said. "We're very strongly focused on regulation as a company, we think it's a great way to provide trust with our customers."

In October 2019, Ripple, the company behind the third biggest cryptocurrency by value XRP, led an investment round in Bitso that included major U.S.-based crypto exchange and wallet provider Coinbase, Jump Capital as well as existing investors such as Digital Currency Group and Pantera Capital.

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Di Appointed to Lead Computer Science and Computer Engineering – University of Arkansas Newswire

University Relations

Jia Di (left) will become head of the Department of Computer Science and Computer Engineering Jan. 1. Dale Thompson (right) has served as interim department head since July.

Professor Jia Di has been chosen to lead the Department of Computer Science and Computer Engineering.

The department is the largest in the College of Engineering, with more than 600 undergraduate students enrolled.

Di succeeds Xiaoqing "Frank" Liu, who departed in July to become dean of engineering at Southern Illinois University.

Di has been a faculty member in the Department of Computer Science and Computer Engineering since 2004 and holds the Twenty-First Century Research Leadership Chair. He is internationally recognized for his research in asynchronous integrated circuit design and hardware security. Di holds six patents and is a senior member of the Institute of Electrical and Electronics Engineers, an elected member of the National Academy of Inventors, and an eminent member of Tau Beta Pi.

Kim Needy, dean of engineering, said Di is well-positioned to lead the department.

"I'm thrilled for Dr. Di to take the reins of our largest department during such a critical time in that department's history," she said. "Careers in computer science and computer engineering are in high demand in Arkansas and around the world, and the work of educating the next generation of professionals has broad implications. His record of excellence as a researcher and a teacher, as well as his long tenure as a faculty member, position him well to lead the department to new heights."

Di said he was looking forward to the role.

"I am honored for this opportunity and very much grateful for all the support and trust from my colleagues in CSCE and the College of Engineering," he said. "I will work with everyone to bring our department to the next level and better fulfill our mission."

Needy praised associate professor Dale Thompson, who served as interim department head, for his leadership through the fall.

"We're tremendously grateful for Dr. Thompson's work over the last several months," she said. "His leadership kept the Department of Computer Science and Computer Engineering moving forward through all the complexities of the fall semester and our students, staff and faculty have were all positively impacted by his efforts."

Thompson said he is looking forward to taking the CSCE Department to the next level.

"I look forward to Dr. Di taking the department to the next level," he said. "He has been very successful in research and is an excellent mentor for both students and faculty. I am pleased that he is willing to take on the next challenge of leading the department."

Di's appointment begins Jan. 1.

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$496M Contract Will Give DOD Engineering Capabilities, Official Says – Nextgov

A new contracting vehicle worth up to $496 million will help the Defense Department build up its engineering capabilities to facilitate modernization efforts and support the agencys joint warfighting efforts, according to a Pentagon official.

DOD announced earlier this week it established a new small business indefinite-quantity, indefinite-delivery five-year contracting vehicle in November that will bring innovation to the department in seven areas. In a conversation with Nextgov about the contract, called Research, Development, Test & Evaluation, Engineering, and Technical Support, or RETS, Jim Faist, who led the effort, said the contract does more than just staff augmentation to fill needs gaps.

When I came into the Pentagon, what you find is that there really was no engineering capability to speak of, Faist said. Faist began his position as director of defense research and engineering for advanced capabilities in the Office of the Under Secretary of Defense for Research and Engineering in 2018. When he came on board, Faist described pinpointing a need for real technical companies that have labs, facilities, equipment.

The RETS contract grew out of an industry survey, Faist added, and the result is a small-business set aside for companies with up to 1,500 employees that will embed technical prowess into the department. The contracts seven key focus areas are: modeling and simulation; operations research; mission engineering; developmental test and evaluation; prototyping; experimentation, and demonstration; science and technology research and assessment, and data management and analysis.

Each of these seven areas supports the Joint Staffs effort to define an architecture for its joint warfighting concept, Faist said.

Three companies were awarded the RETS contract: American Systems, Applied Research Associates, and Modern Technology Solutions, Inc., or MTSI. MTSI also won an initial $6.9 million tasking Nov. 25 for mission engineering.

Faist said the contract is a small business set aside because these companies are hubs for novel ideas and entrepreneurship.

So if you're if you're looking at [research and engineering], that's really our mission, to be outside the box, Faist said.

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William H. Robinson has a ‘new and expanded leadership’ post at Vanderbilt University – BlackEngineer.com

William H. Robinson is now Vanderbilts vice provost for academic advancement and executive director of the Provosts Office for Inclusive Excellence. Dr. Robinson joined Vanderbilt nearly 17 years ago as an assistant professor in the Department of Electrical Engineering and Computer Science. In 2010, he became the first African American to earn a promotion with tenure in the School of Engineering, and in 2018 he became the first to earn a promotion to professor.

Through the Office for Inclusive Excellence, Robinson will further efforts to establish initiatives that support first-generation and low-income students. Recently, while serving as interim vice provost for strategic initiatives, Robinson worked closely with Vanderbilts 10 colleges and schools on initiatives that promote the recruitment and retention of historically underrepresented scholars.

Robinson also leads the Academic Pathways Program, which offers the Provost Postdoctoral Fellowship to create a bridge to academia for postdoctoral students. In 2016, Robinson was the recipient of a Chancellors Award for Research on Equity, Diversity, and Inclusion for his work to broaden minorities participation in engineering, which informed the understanding of factors that often discourage Black scholars from pursuing academic careers.

I am excited to have this opportunity to continue serving the Vanderbilt community in this new and expanded leadership capacity, Robinson said in a statement. As we seek to innovate, discover and create a better world, we must understand that our success is based on us first working to create a welcoming, inclusive community that recognizes the humanity in each of us and embraces differences with respect, Robinson said. I look forward to engaging with many colleagues, students, and postdoctoral scholars at Vanderbilt to translate our values into action.

Robinson will also work with the Office for Planning and Institutional Effectiveness to measure and assess the implementation of initiatives to improve equity, diversity, inclusion, and access across academic affairs.

Among Robinsons professional honors, he is the recipient of a National Science Foundation Faculty Early Career Development (CAREER) Program Award, and he was selected for the Defense Advanced Research Projects Agency Computer Science Study Panel. He is a senior member of both the Institute of Electrical and Electronics Engineers and the Association for Computing Machinery. He is also a member of the American Society for Engineering Education, a lifetime member of the National Society of Black Engineers, and a member of 100 Black Men of Middle Tennessee, Inc., for which he currently serves as chairman.

Robinson leads Vanderbilts Security and Fault Tolerance Research Group and co-leads the Explorations in Diversifying Engineering Faculty Initiative. He is co-editor of a book, Diversifying STEM: Multidisciplinary Perspectives on Race and Gender.

After earning a bachelors degree in electrical engineering from Florida A&MUniversity, he went on to earn his masters degree in electrical engineering and a doctorate in electrical and computer engineering from the Georgia Institute of Technology in Atlanta.

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Vails namesake was a controversial state highway engineer – The Grand Junction Daily Sentinel

In August of 1910, Charles Davis Vail became a patient at St. Marys Hospital in Grand Junction, the result of a beating he received in Marble.

Vail later became famous as the chief engineer for the Colorado State Highway Department. Vail Pass was named for him in 1941. The nearby ski resort and ski town were given the same name after Vail died.

During his tenure at Colorados State Highway Department, Vail accomplished many things, including constructing the large arch bridge over the Eagle River near Redcliff, and overseeing improvements to the Million Dollar Highway now U.S. Highway 550 to allow automobile traffic between Ouray and Silverton.

He also developed the state highway over Wolf Creek Pass.

But Vail also made his share of enemies, including editors at The Denver Post and then-Colorado Gov. Big Ed Johnson.

And, as the information above indicates, Vail made some enemies long before he became the head of the highway department.

According to an Aug. 20, 1910, article in the Palisade Tribune, Vail was beaten by two men who had been working for him as subcontractors on a railroad spur in the mountains near Marble.

Besides other injuries, he received two fractures of the jaw and a broken nose, the Tribune reported.

Vail was taken first to the hospital in Glenwood Springs, then, because of the severity of his injuries, was sent by rail to Grand Junction and St. Marys.

His two assailants were arrested and jailed in Marble.

Charles Davis Vail was born in 1869 on a farm in Illinois, the sixth of seven children. Charlie, as he became known, taught elementary school in Henry, Illinois, while saving money to attend college.

He enrolled at the University of Illinois and worked part-time as an engineering assistant on a railroad project in South Dakota. He graduated in 1891 with a degree in civil engineering.

After graduating, Vail worked for several railroads, including the Union Pacific, and on water projects in Montana, Idaho and Canada.

He married Cincinnati native Jesse Rose Paden in 1893 in Denver, the city that would eventually become their permanent home.

But first, Charlie worked as an itinerant engineer, taking his wife and growing family to Utah, Nevada and Montana.

About 1906, Charlie was hired to build a branch of the Mexican International Railroad in northern Mexico. Jesse and the Vail children remained in Denver.

Early one morning in 1907, Charlie was visited by Pancho Villa, then a bandit who would later become famous as a Mexican revolutionary.

Villa seized all the railroad equipment and workers. He gave Charlie Vail a horse and some water, then demanded the American engineer leave Mexico and never return. Vail did just that.

Returning to Denver, Vail opened an engineering company, Vail, Wolbran & Read.

In that capacity, he worked on several projects on the Western Slope, including a municipal water system in the town of De Beque and the Price-Stubb Diversion Dam, which supplied water to the Mesa County and Palisade Irrigation Districts before the Government Highline Canal and its roller dam in De Beque Canyon were built.

He also worked for a time for the Uintah Railway, which was constructed between Mack, Colorado, and Dragon, Utah. Then he headed up construction for the Crystal River and San Juan narrow gauge railroad near Marble.

It was in that capacity that he angered two subcontractors, who claimed he had underpaid them, and ended up in St. Marys Hospital.

Exactly what he did the next few years is unclear. But, in 1917, he was appointed railway and hydraulic engineer for the recently created Colorado Public Utilities Commission.

He held that job until 1923, when he became manager of parks and improvements for the city of Denver.

During his time with Denver, Vail oversaw a tripling of the miles of paved road within the city, as well as installation of stoplights on many of those roads.

Denvers Civic Center, and the municipal park between it and the state Capitol, were constructed during Vails tenure. So was Stapleton Airport.

Additionally, he oversaw construction of municipal parks and mountain parks, including Red Rocks Park southwest of the city.

Vails reputation both for road building and controversy grew after 1930, when then Gov. Billy Adams appointed Vail as State Highway Engineer.

He received praise for paving hundreds of miles of state highways, and connecting highways to ensure there were complete routes through Colorado.

There were roughly 500 miles of paved roads when he became head of the highway department, but 4,400 when he died in early 1945.

He fought especially hard to improve highways on the Western Slope, even though the population here was small.

Mr. Vail has insisted that, if we are to have an integrated and uniform system of highways, mileage must have as much consideration as population, William Weiser, one of the Western Slopes representatives on the state highway board, wrote in The Daily Sentinel in June of 1939.

Vail also pushed for an increase in the states gasoline tax to 4 cents per gallon and repeatedly fought off attempts by the state Legislature to use that money for other purposes.

And he was perpetually arguing with federal highway authorities to get more money for the state, not an easy task in the midst of the Great Depression.

But he also made enemies, not just with Ed Johnson and the writers of The Denver Post, but with a number of businessmen.

Things came to a head in 1939, when a Denver broker named John McRoberts filed both a lawsuit and a complaint with the Civil Service Commission, seeking to have Vail removed from his job.

Among other things, McRoberts argued that Vail was too old, at age 61, to have been appointed to the top highway post in 1930, according to civil service rules at the time.

McRoberts also claimed that Vail failed to follow state bid rules when buying equipment such as trucks.

Additionally, there were accusations of wasteful spending and that Vail was hiding something in the 1939 highway budget.

But the attacks were all for naught. In 1939, the Civil Service Commission dismissed all charges against Vail, and the court case was eventually dropped as well.

A Sentinel editorial explained the papers view of the dispute: Nothing crooked, nothing out of line and nothing detrimental to the taxpayers of Colorado The only thing involved was Republican partisan politics (Vail was a staunch Democrat) and the bitter opposition of the Denver Post.

Not only were the charges against Vail dismissed, but another effort on his behalf was soon begun, led by the Eagle County commissioners.

In December of 1939, the commissioners asked the state highway board to give the name Vail Pass to the place where U.S. Highway 6 crossed the mountains east of Gore Creek. That was approved in 1941 and is today Vail Pass on Interstate 70.

Charles D. Vail died in Denver in January, 1945, while he was still chief engineer for the State Highway Department. He was 76.

Sources: Palisade Tribune and Steamboat Pilot through http://www.coloradohistoricnewspapers.org; The Daily Sentinel through http://www.newspapers.com; Palisade Historical Society; Charlie Davis Vail, The Highway Engineer Who Transformed Colorado Roads, by Thomas J. Noel, with Shelby Carr.

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Bob Silbernagels email is bobsilbernagel@gmail.com.

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The Next Frontier of Learning Engineering: AI That Teaches Other AI – EdSurge

Humans tutoring other humans works pretty well. The trouble is, it requires a lot of people. Artificially intelligent tools tutoring humans works pretty well, toobut building those digital systems takes time and expertise.

So researchers hoping to engineer better teaching and learning systems are working to unlock a new level of education efficiency by creating AI tools that make it easier for almost anyone to build an AI tutor.

We are trying to leverage the joint power of human tutoring and computer tutoring, says Ken Koedinger, a professor of human-computer interaction and psychology at Carnegie Mellon University.

Creating the kind of AI tutoring tool that complements or even replaces the work of a human tutor can take skilled computer programmers hundreds or thousands of hours. That puts such tools out of reach for most teachers looking for new ways to provide their students with personalized support.

No teacher is going to put in 1,000 person-hours of his or her time in order to get a benefit of 200 person-hours that he or she may save, Ashok Goel, a professor of computer science and cognitive science at Georgia Institute of Technology, told EdSurge in an interview earlier this year. Its not something I could hand over to you or to some colleague and say, Go run it in your class.

A thousand hours is about how long it took Goel and his team to create Jill Watson, an AI teaching assistant chatbot that can answer student questions. Now, Goel and his colleagues are working on a new tool that can build a Jill Watson with just a bit of human help. Called Agent Smith, its an artificially intelligent system that absorbs information from a course syllabus and uses it to build a Jill Watson customized to that class. Doing so takes only about 10 hours of work from a human.

The power to produce AI education tools in a fraction of the original time is exciting to Goel, who thinks every teacher, child and parent should have access to a Jill Watson.

I think its doable now that we have Agent Smith, he says. If we can do it in two hourswere not there yet, but if we can do it in two hours, then I can see the scaling up really happen.

Meanwhile, Koedinger and other researchers at Carnegie Mellon University are working to create a system that can easily learn math skills from a human teacher, and then tutor students in those skills.

When the first AI tool in the system, called the Apprentice Learner, encounters a new type of math problem, it will ask a human user to demonstrate a step-by-step solution. The Apprentice Learner then makes hypotheses about how the solution steps work and tests those theories on subsequent problems. The human user offers positive or negative feedback from which the tool learns. See the tool in action here.

Building a tool that learns the same way a student learnsthrough practice and feedbackmeans that a nonprogrammer now can essentially teach the computer by demonstrating, Koedinger says. And it can also yield insight about what makes learning hard for humans, he adds, because when the Apprentice Learner struggles, its pretty predictive of when a real student is going to struggle, often in ways human experts dont realize.

In turn, the Apprentice Learner uses what it knows to create intelligent tutoring systems that offer that same kind of math practice and feedback to human students.

The teacher teaches one student, and the computer teaches all the rest, Koedinger says. The code is getting written by artificial intelligence.

The researchers would like to improve this system such that teaching it a new skill takes a human educator the same amount of time as it takes to tutor a student directly.

Even faster would be great, says Carnegie Mellon doctoral student Daniel Weitekamp. There are still a few bugs, but were rapidly getting there.

And because teachers often prefer differing strategies for solving math problems, the system can learn alternative solution paths to suit a variety of methods.

One teacher can make their tutor strict. Another can make it more flexible, Koedinger says. You can do it your way. It opens up more doors.

Slashing the time it takes to create an entire online courseone that incorporates artificially intelligent personalized tutoringis the goal of Korbit, a Canandian startup founded by alumni of Montreals Mila artificial intelligence research institute and Cambridge University.

Online education tends to be widely accessible, but online course completion rates are low. AI tutors can boost student learning, but theyre resource-intensive to make. Korbit aims to combine the best of both education systems without all the human labor that typically goes into creating either.

It takes a really long time to build these programsa year and a team of 10 people to build one physics course, says Iulian Vlad Serban, CEO of Korbit. There are lots of issues, and the biggest one [is] scalability.

The company is working on AI technologycalled Korbithat reduces the time it takes to create effective, interactive online courses that include chatbot-based tutoring supports such as hints and definitions. Its based on an algorithm that sits on top of other algorithms, Serban says.

Teachers construct the building blocksthe course modulesand Korbi organizes them for students according to their personal goals and what lessons the tool discerns they need. For the tutoring component, the tool draws on data that teachers put in the systemand from information it gathers from Wikipedia and open educational resources.

We dont write a thousand rules, Serban says. A teacher writes the questions, writes one or two answers. Korbi analyzes that, and scrapes data from the web and builds out the course.

Pulling information from the internet hasnt resulted in a lot of inaccuracies so far, he adds, but it does sometimes pull in irrelevant facts.

The main problem we are working on is finding the most relevant piece of information the student needs, Serban says.

Korbi is as much a student as it is a tutor. Over time, the system adapts the interventions it offers human users as it learns what works. The fact that the tool can teach at scale, for thousands of people at once, also means it has access to large quantities of the information it uses to improve.

We let the AI algorithm figure it out from its own data, Serban says. Most of what it does is learning from the students. Students are teaching it to do better.

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14 Largest Engineering Companies In The World – Yahoo Finance

In this article we take a look at the 14 largest engineering companies in the world. Click to skip ahead and jump to the 5 Largest Engineering Companies in the world.

Want to find out the largest engineering companies in the world? Engineering and Construction are among the heavy industries where, in general, huge magnitudes of capital and scale are involved. Therefore, it is easy to guess that the top companies or the market leaders are the ones that are operating in a magnanimous scale of operations.

The engineering industry can be of various forms. Engineering can mean civil, military, or mechanical engineering. However, when talking about the industry, it is generally used in a contracted form to include those industry players that are involved in manufacture and dealing of machine tools, machinery or engines. The roots of industrial engineering can be traced back to the Industrial Revolution. It is one of the key industries that has been instrumental in giving us the transformation from manual to machines, and helped tap the huge potential of mass production through machines. It is this very industry that has accelerated the growth of global trade and brought the advantages of economies of scale into the picture for the first time. The industry itself has gone through a sea of change since then, with ever growing modernization efforts and technological advancements and more recently, integrating the potential of automation into the mechanical processes.

Global Industry Classification Standard defines the Engineering and Construction industry as companies engaged in primarily non-residential construction. It includes civil engineering companies and large-scale contractors, and excludes companies classified in the Homebuilding sub-industry. Engineering companies are therefore, the major contributors towards the high-precision machinery used in various other industries. The industry provides it expertise towards delivering technological solutions for other industries and is therefore, one of the most important industries out there. From the high rises we admire on our day to day lives to the high capital industrial projects, large scale projects are dependent on machinery and in turn, the engineering industry.

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Within the engineering space several companies often undertake the tender form of operation or turnkey projects. Please also check out the largest EPC companies in the world to find out more about engineering, procurement and construction companies that undertake these services on contract basis, for contracts awarded for particular project work as turnkey or provision of holistic services, whether it is in building of a specific plant or industrial unit.

2020 has been a tough year for many industries, especially for the ones involved in engineering and construction. Supply chain disruptions in several parts of the world due to the lockdowns are likely to cause constrained access to materials and unavailability of sub-contractors. In the short term contracts are expected to be suspended, as organizations and governments face the brunt of contingency expenses that the pandemic has caused. The industry is set to face some uncertain times with the running risk of cancellations of fresh contracts and re-negotiations on sanctioned ones. Companies with huge debts are likely to run into liquidity crises if unable to stabilize their financial positions. Also, being a labor intensive sector, the engineering industry has often been under the radar for safety on site and even more so in these pandemic times, where companies need to provide additional safety from the virus contraction in a labor intensive manufacturing unit. The engineering industry has always been in the spotlight of major labor issues of health and safety concerns. Safety incidents have often been prevalent in the past and risks include machinery risks, risks of accidents and physical injuries as well as risks of occupational diseases. Compliance of health and safety standards like OHSAS 18001, is often a prerogative in these industries. Risk of covid is an added risk to the already burdened safety requirements to be maintained within companies, which includes provision of proper personal protective equipment and multiple shifts to reduce physical contact.

The biggest players havent been secure from the COVID-19 impact and several of them have been facing stress. American conglomerate Honeywell International Inc.(NYSE:HON), that delves into the industrial engineering segment, has reportedly laid off close to 10K people from its workforce worldwide, in an attempt to reposition in the anticipation of the recession likely to be caused by the pandemic.

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Major players in the engineering market include American, European as well as Asian players, with China emerging in the dominant position. American players include ABB Company Ltd (NYSE:ABB) and Roper Technologies Inc. (NYSE:ROP) that even though dont make our list, are significant players in the market. While some players in our list are pure-play companies, others are engaged in multiple sectors as conglomerates. Our list is ranked based on the revenues of the companies and we have also reported the number of employees for each key player to give an idea of the scale of operations.

By the way, you are going to be surprised when you see the list of the top 5 engineering companies in the world. Lets now take a look at the list of largest engineering companies in the world:

Revenue - $36,709million

Number of Employees - 113,000

The American conglomerate is involved in several segments including aerospace, building technologies, performance materials, and safety and productivity solutions. The North Carolina based company is a Fortune 100 company, with a legacy of over 100 years. The company was involved in engineering and manufacturing projects for the US Military during World War II.

Soonthorn Wongsaita/Shutterstock.com

Revenue - $36,111 million

Number of Employees - 122,560

The China Energy Engineering Group is a state-owned energy conglomerate, headquartered in Chaoyang District, Beijing. The company is mainly involved in energy infrastructure construction services constructing hydropower stations, power plants, and other infrastructure, and was established in 2011.

Kzenon/Shutterstock.com

Revenue - $37,055.3 million

Number of Employees - 81,631

Mitsubishi ranks 12th in our list of the biggest engineering companies in the world. Under Japanese conglomerate group, Mitsubishi, the company is engaged in all types of engineering, electrical equipment and electronics segments. The company provides integrated solutions to several industries ranging from commercial aviation and transportation to power plants and gas turbines. The companys revenue figures in the first half of the year showed significant decrease from the same period of the previous fiscal year due to the impact of COVID19. However, it is set to be on a recovery track.

KRITSANA NOISAKUL/Shutterstock.com

Revenue - $42,543 million

Number of Employees - 130,500

The Bouygues Group, is a French industrial group with its headquarters in Paris, France. The company is listed on Euronext Paris exchange .The Group itself is engaged in diversified activities including construction (Bouygues Construction, Bouygues Immobilier, Colas), media (TF1) and telecoms (Bouygues Telecom), and a presence in 90 countries.

yuttana Contributor Studio/Shutterstock.com

Revenue - $43,706 million

Number of Employees - 190,431

ACS ranks 10th in our list of the largest engineering companies in the world. Spanish company is an engineering and construction company engaged in key sectors of the economy such as infrastructure and energy. The company was founded in 1997, and has a presence worldwide, including the United Kingdom and United States along with several locations in the APAC region.

Shaiith/Shutterstock.com

Revenue - $54,788 million

Number of Employees - 222,397

French giant, Vinci, is engaged in the engineering and construction domain, catering mainly to the infrastructure building industry. The company is involved in transport infrastructure and public amenities under public-private partnership agreements, and concessions include airports and autoroutes.

Monkey Business Images/Shutterstock.com

Revenue - $63,987.7 million

Number of Employees - 293,000

Headquartered in Munich, Siemens AG Company is a German industrial manufacturing company involved in several sectors, including healthcare and industrial automation. Siemens was embroiled in controversy for being the engineering company associated with the controversial Adani Carmichael coal mine in Queensland, Australia, in 2019.

ervickuz / Shutterstock.com

Revenue - $67,371 million

Number of Employees - 180,416

PowerChina ranks 7th in our list of the largest engineering companies in the world. A wholly owned government company, PowerChina, caters to more than 110 countries around the world. The company provides investment financing, planning and design, construction contracting, equipment manufacturing and management services within the engineering space. The company holds over 14,841 patents.

Phovoir/Shutterstock.com

Revenue - $80,386.8 million

Number of Employees - 301,056

Japanese conglomerate operates in several product segments including industrial solutions, IT solutions to mobility solutions. The company was founded in 1910 by electrical engineer Namihei Odaira.

Christian Lagerek/Shutterstock.com

Bosch Corporation

Revenue - $86,229.3 million

Number of Employees - 34,600

German multinational engineering and technology company, Bosch Corporation, is named after its founder Robert Bosch and came into existence in 1886. The company today has 129 engineering locations around the world and operates mainly in four divisions including mobility (hardware and software), consumer goods (including household appliances and power tools), industrial technology (including drive and control) and energy and building technology. In 2019, the Industrial Technology business sector generated over 10% of total Bosch Group sales, while the Energy and Building Technology business sector generated 7 %. Due to the Covid crisis, the Indian segment of the company lost significant orders down over $800 million for BS VI projects as the market dipped.

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Disclosure: No positions. 14 Largest Engineering Companies in the world is originally published on Insider Monkey.

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Chemical engineering alumna named Woman of the Year in Engineering – Penn State News

UNIVERSITY PARK, Pa. Penn State chemical engineering and Schreyer Scholar alumna Paula Garcia Todd has been named Woman of the Year in Engineering by Women in Technology (WIT). She was recognized at the virtual 2020 Woman of the Year in STEAM Awards Gala on Nov. 12.

Paula Garcia Todd, Penn State chemical engineering and Schreyer Scholar alumna.

IMAGE: Provided by Paula Garcia Todd

Each year, WIT celebrates female leaders in the fields of science, technology, engineering, arts and mathematics with the WIT Woman of the Year STEAM Awards. According to the WIT website, the awardees are female visionaries that have made important contributions in their fields to make a difference in their communities.

Women in Technology holds a mission to empower girls and women to excel in science, technology, engineering, the arts and math (STEAM) from the classroom to the boardroom, Garcia Todd said. Im deeply passionate about introducing STEAM to students, especially underrepresented populations in STEAM, and serving as a role model to children who didnt grow up with an understanding of the importance and everyday applicability of STEAM.

To receive this award, Garcia Todd had to meet criteria in a number of categories, including inspiration, innovation, leadership and serving others.

During Garcia Todds professional career, she has worked to promote STEAM educational tools in K-12 classrooms, and she has become an engineering role model in her community.

Garcia Todd is currently a global strategic marketing manager at DuPont Nutrition and Bioscience, where she manages the companys largest pharmaceutical excipient portfolio. She works to grow the companys business by first understanding the needs of its customers. In this position, Garcia Todd also serves as a mentor to many younger employees.

From a young age, I understood that engineers solved important problems and made an impact on everybody, and I was surrounded by an encouraging family and Penn State community that helped me believe that I was suited to be an engineer, Garcia Todd said.

After realizing that many K-12 teachers struggle to find female role models in STEAM, Garcia Todd made it one of her goals to help address that need.

She started connecting and collaborating with local schools and organizations to introduce students to STEAM-related educational material. Before the pandemic, Garcia Todd would often visit schools to give students hands-on experience with STEAM-related topics. Now, she is able to expand her connections and virtually connect to schools and organizations across the country. She has created numerous videos that explain the various fields in STEAM and distributed that content to more than 100 schools in the Atlanta area.

I strongly believe that bringing more girls into STEAM careers is critical toward the fight for womens equality, Garcia Todd said. STEAM careers are extremely impactful and provide foundations to make strong leaders in our communities whether that be in technical fields, business, government or any other discipline.Putting more women into these paths is what will finally ensure our voices are included and inequities are discontinued.

In 2019, Garcia Todd was chosen by the American Association for the Advancement of Sciences as one of only 125 women across the country to become an IF/THEN ambassador. She used the grant to fund a mentorship partnership with Science ATL that supports STEM education.

The STEM Professional School Partnership (SPSP) program partners teachers with a STEM professional for a full year tobuild and strengthen partnerships between schools and STEM businessesto benefit students, teachers, employees and companies, Garcia Todd said.

Garcia Todd said she hopes that her work in her local community and with the SPSP program will help promote STEAM education and open the eyes of students to all the opportunities in the STEAM fields.

My wish for all young girls is to be surrounded by optimism and encouragement that shows engineering has a place for them and their perspectives, Garcia Todd said. As women, I think it should be intrinsically part of our jobs to support other women to achieve their definition of success and to serve as role models to younger generations to demonstrate what is possible.

Last Updated December 09, 2020

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2 Texas Engineers Honored Among Top Inventors in US – UT News – UT News | The University of Texas at Austin

AUSTIN, Texas Lizy K. John and Van N. Truskett are the latest members of The University of Texas at Austin community to be selected as fellows of theNational Academy of Inventors, a prestigious distinction that has been awarded to a select group of 175 academic innovators around the world for 2020.

Truskett and John are the only two new fellows from The University of Texas at Austin in this years class. They join 14 previous inductees from UT Austin.

We are very proud of these two extraordinary members of our community, and I congratulate them on this tremendous honor, said Sharon L. Wood, dean of the Cockrell School of Engineering. Through their technology development and service to the university, Lizy and Van have inspired our students and strengthened our schools reputation as a global leader in engineering innovation.

John is a professor in the Department of Electrical and Computer Engineering, and she has made significant contributions to the evolution of computer architecture and systems design. She has authored two books on digital systems design, holds 13 U.S. patents and has co-authored more than 300 scholarly articles throughout her career.

Truskett, who graduated with a B.S. from the Cockrell Schools McKetta Department of Chemical Engineering in 1996, played a critical role in building Austin-based startup Molecular Imprints, which raised more than $150 million inventure capital before being acquired by imaging giant Canon in 2014. At UT Austin, Truskett uses her expertise in innovation and entrepreneurship to help faculty members and students launch startups and commercialize their research, serving as director of technology innovation development in the Office of Technology Commercialization and as executive director of the Texas Innovation Center.

Founded in 2010, the National Academy of Inventors aims to recognize inventors with patents issued by the U.S. Patent and Trademark Office, with an overall emphasis on innovation that clearly benefits society. The induction ceremony for this years honorees will take place June 7-9, 2021.

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2 Texas Engineers Honored Among Top Inventors in US - UT News - UT News | The University of Texas at Austin

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