GlobalEcho - Slashdot User

Submission + - Open Source Robotic Surgeon (popularmechanics.com)

Submitted by GlobalEcho on Tuesday March 06, 2012 @06:05PM

GlobalEcho writes: Researchers have created a second version of the Raven robotic surgeon, with open-source control code

UW researchers also created software to work with the Robot Operating System, a popular open-source robotics code, so labs can easily connect the Raven to other devices and share ideas.
Unfortunately for them, according to The Economist
there is [a] legal problem. Intuitive Surgical, the company behind the da Vinci [robot], holds patents that could make launching a commercial competitor tricky—at least in the immediate future.

Submission + - Industry Open-Sources Model For Infamous CDS (cdsmodel.com)

Submitted by GlobalEcho on Friday February 27, 2009 @01:16PM

GlobalEcho writes: Credit default swaps (CDS) are infamous for bringing down AIG and requiring a bailout of hundreds of billions of dollars.
Because the market for these was so murky, the US government has insisted that Wall Street create a clearinghouse for these contracts. In a fresh twist, part of the deal is that the models used to price CDS have been standardized, and that the pricing code was made open source, under a somewhat BSD-like license. The source code (originally written by JPMorgan) provides the basic pricing routines, plus an Excel interface.
To my knowledge this is the first significant migration of an investment bank product platform from its usual super-secret proprietary home to the rest of the world.

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