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Category: business – Page 298

Drones will take $127bn worth of human work by 2020, PwC says

Google and Amazon were quick to put drones to use delivering orders.

But new research suggests delivery is just one small way drones are going to replace humans. The tiny airborne vessels will soon clean windows on skyscrapers, verify insurance claims and spray pesticide on crops.

The global market for drones, valued at around $2 billion today, will replace up to $127 billion worth of business services and human labour over the next four years, according to a new research by consulting firm PwC.

Sens. Ask USDA to Boost Broadband Speed Benchmark

A bipartisan group of senators has asked the USDA to update the broadband speed definitions of its Community Connect grant program, which, like the FCC’s Universal Service Program, provides subsidies to build out broadband in areas where there isn’t a business case, in this case focused on rural areas.

They want the definition for high speed to be upped to 10 Mbps.

The USDA this month upped the speeds for the Broadband Access Loan Program to 10 mbps, but Community Connect was only increased to 4 Mbps. The senators signaled that did not cut it.

Pre-programming Artificial Intelligence is a Risky Business

Glad to see more folks understanding what I had shared 6 months ago about AI and having entire teams of comprised of the standard SV male. It doesn’t work for AI and will be a barrier in it’s adoption. AI (more than any technology to date) requires a multi-cultural diverse team that reflects the consumers that they are trying to cater to.

Until this one dimensional male dominated engeering teams become more diverse to align with the buying public along with improving the weak under lying connected infrastructure including the net are corrected; AI will not see it’s full potential in the market.

I will ask again, how does a 28 or 33 year male understand how a 48 or 51 year old woman who has been a famers wife feels and her needs; or how does a 28 year old male understands what a 38 or 40 year old female living in the Hamptons needs are for her home, or boutique spa shop geared to other women?.

Filling a unit’s head with rudimentary responses to pre-programmed stimuli will cause it to perform the desired action 100% of the time. Empowered by Artificial Intelligence (AI), these units can be counted on to perform routine duties in the manner prescribed by their presumptive master, circumventing the need for human thought in the process.

The consequences of their actions are irrelevant to these mechanical marvels who have been programmed to eliminate foreign bodies, restrict the actions of those capable of reproduction, build massive armies and torture captured adversaries. There is no way of debating with these locked-in units. The only way to overcome them is with a higher level of thought and action.

The time to end the threat of Artificial Intelligence is upon us. Let your voice be heard in November. Pull the plug on AI.

Continue reading “Pre-programming Artificial Intelligence is a Risky Business” | >

Can Bitcoin be defeated by legislation?

The question breaks down into two parts:

  1. For what public benefit? —and—
  2. No, it cannot be achieved in this way

Governments are in the business of regulating certain activities—hopefully in an effort to serve the public good. In the case of business methods and activities, their goal is to maintain an orderly marketplace; one that is fair, safe and conducive to economic growth.

But regulation that lacks a clear purpose or a reasonable detection and enforcement mechanism is folly. Such regulation risks making government seem arbitrary, punitive or ineffective.

«— This is money. It is not a promissory note, a metaphor, an analogy or an abstract representation of money in some account. It is the money itself. Unlike your national currency, it does not require an underlying asset or redemption guarantee.

Bitcoin is remarkably resistant to effective regulation because it is a fully distributed, peer-to-peer mechanism. There is no central set of books, no bank to subpoena, and no central committee to pressure (at least not anyone who can put the genie back into the bottle). In essence, there is no choke point or accountable administrative party.

Sure—it is possible to trace some transactions and legislate against ‘mixers’ and other anonymization methods—but there is no way to prevent a transaction before it occurs or to know the current distribution of assets. Bitcoin can exist as a printed QR code and it can be transmitted from a jail cell with a blinking flashlight. Sending bitcoin from Alice to Bob has no intermediary. Settlement requires only that one of the parties eventually has access to the Internet. But, there is no credit authority or central asset verification. [continue below image]…

feral_cat_mating-02-ts

If you are thinking of legislating against the use of Bitcoin, you might as well pass laws to ban the mating of feral cats or forbid water from seeping into underground basements. These things are beyond the domain of human geopolitics. You can try to shape the environment (e.g. offer incentives to cats and water levels), but you cannot stop sex or seepage.

Fortunately, Bitcoin is not a threat to governments—not even to spending or taxation. A gross misunderstanding of economics and sociology has led some nations to be suspicious of Bitcoin, but this improper perception is abating. Governments are gradually recognizing that Bitcoin presents more of an opportunity than a threat.

I have written more extensively on this issue:

Philip Raymond is co-chair of Cryptocurrency Standards Association, MC for The Bitcoin Event in NY and board member for Lifeboat Foundation. This fall, he will teach Cryptocurrency and The Blockchain in Massachusetts.

Interview: CEO of Deep Space Industries, Daniel Faber

With long-term plans for in-space resource extraction in the form of asteroid mining, Deep Space Industries (DSI) is offering an exciting business opportunity. It is aiming to change the economics of space by providing the technical resources, capabilities and systems required to harvest, process, manufacture and market in-space resources. DSI is already generating revenue from commercial contracts, as well as government and university research projects.

The Disrupt Space summit brought together a large number of entrepreneurs from around Europe and the world who are intent on reinventing the space industry. A panel of judges chose Deep Space Industries as the winner among five finalists in a start-up pitch.

Spaceoneers caught up with Daniel Faber, Deep Space Industries’ CEO at the summit to hear about the company’s long-term plans and the exciting business opportunity in asteroid mining.

Biogen haemophilia spin-out to develop gene therapies and long-acting factors

The new entity will focus on a haemophilia pipeline utilising the XTEN half-life extension technology, bispecific antibodies and gene therapies.

Biogen announced yesterday it is planning to spin-out its haemophilia business into an independent, public firm based in Boston, Massachusetts by early next year.

Management said during a conference call this was the right time for a spin-out as Biogen’s haemophilia business has matured.

Google’s self-driving car is ‘close to graduating from X’

According to Astro Teller, the Google self-driving car is “close to graduating from X.” Parsing out the meaning of that string of words is a little complicated, but basically it means that Alphabet isn’t thinking of self-driving cars so much as a crazy “moonshot,” but as a thing that’s just about ready to be a standalone business that could actually generate revenue.

If you’re not a close follower of Google, though, more explanation might still be in order. It’s coming, in the form of a segment on tonight’s NBC Nightly News with Lester Holt. They’ll be airing an inside look at X division inside Alphabet. That’s the group you know as Google X, but after last year’s corporate reorg, we’re all still getting used to the new naming conventions.

Holt interviewed Astro Teller and Obi Felten, who have the cheeky titles “Chief of Moonshots” and “Director of X Foundry,” respectively. It’ll likely be an overview of the projects that X is currently running — including self-driving cars, Project Loon, Project Wing, and Makani. Teller will also be candid about X’s failures. Failure being a favorite topic of his, actually — Holt tells us that inside X, “if you have an idea that crashes and burns, they give you a sticker.”

Laws for Mobility, IoT, Artificial Intelligence

Excellent read and a true point about the need for some additional data laws with our ever exploding information overload world.

Laws for Mobility, IoT, Artificial Intelligence and Intelligent Process Automation

If you are the VP of Sales, it is quite likely you want and need to know up to date sales numbers, pipeline status and forecasts. If you are meeting with a prospect to close a deal, it is quite likely that having up to date business intelligence and CRM information would be useful. Likewise traveling to a remote job site to check on the progress of an engineering project is also an obvious trigger that you will need the latest project information. Developing solutions integrated with mobile applications that can anticipate your needs based upon your Code Halo data, the information that surrounds people, organizations, projects, activities and devices, and acting upon it automatically is where a large amount of productivity gains will be found in the future.

There needs to be a law, like Moore’s infamous law, that states, “The more data that is collected and analyzed, the greater the economic value it has in aggregate.” This law I believe is accurate and my colleagues at the Center for the Future of Work, wrote a book titled Code Halos that documents evidence of its truthfulness as well. I would also like to submit an additional law, “Data has a shelf-life and the economic value of data diminishes over time.” In other words, if I am negotiating a deal today, but can’t get the critical business data I need for another week, the data will not be as valuable to me then. The same is true if I am trying to optimize, in real-time, the schedules of 5,000 service techs, but don’t have up to date job status information. Receiving job status information tomorrow, does not help me optimize schedules today.

Qubiz aims to make quantum technology practical

Excellent news!!!!!

The Quantum Innovation Center or Qubiz has been launched in Copenhagen with the goal of translating quantum physics into practical quantum technology. The Danish project involves the Niels Bohr Institute at the University of Copenhagen, the Technical University of Denmark DTU, and Aarhus University, along with 18 industrial partners. Qubiz will be building on the very strong Danish research platform within quantum technology, a platform that has its origin in Niels Bohr’s pioneering work 100 years ago.

The CEO for the new Center is Søren Isaksen, who previously served as the CTO of the NKT Group and is a member and chairmen of various research councils. In addition to leading the center, his job will be to reach out to Danish and foreign companies and, with the researchers, to help find out where there is potential for starting new businesses. A 2-year seed funding grant of 11M EUR from the Innovation Fund Denmark enables the hiring of new employees with business and engineering backgrounds, as well as researchers.

According to Isaksen, the Center will engage with existing businesses, Danish as well as international companies, to develop new products and lay the foundation for new businesses. On April 15, Qubiz held a kick-off event that included seven elevator-pitches presenting potential startups—two of these have now being established and more are on the way.

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