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Archive for the ‘economics’ category

Jan 24, 2022

Facebook robot winds fiber-optic cable around power lines

Posted by in categories: economics, education, finance, internet, robotics/AI

A Facebook robot that wraps fiber-optic cable around existing power lines could help bridge the digital divide by bringing internet access to some of the billions of people who currently lack it.

Why it matters: The 60% of the world population with internet access has social, economic, financial, and educational advantages over the other 40%, most of whom live in developing nations or rural areas.

The cost of expanding internet networks is a major barrier to bringing internet access to those people — if the Facebook robot can cut that cost, it could help close this “digital divide” and make the world a more equitable place.

Jan 24, 2022

The Metaverse Is Money and Crypto Is King—Why You’ll Be on a Blockchain When You’re Virtual-World Hopping

Posted by in categories: augmented reality, blockchains, business, economics

Major brands are also getting into the NFT mix, including Dolce & Gabbana, Coca-Cola, Adidas, and Nike. In the future, when you buy a physical world item from a company, you might also gain ownership of a linked NFT in the metaverse.

For example, when you buy that coveted name-brand outfit to wear to the real-world dance club, you might also become the owner of the crypto version of the outfit that your avatar can wear to the virtual Ariana Grande concert. And just as you could sell the physical outfit secondhand, you could also sell the NFT version for someone else’s avatar to wear.

Continue reading “The Metaverse Is Money and Crypto Is King—Why You’ll Be on a Blockchain When You’re Virtual-World Hopping” »

Jan 23, 2022

Hydrogen Economy Hints at New Global Power Dynamics

Posted by in categories: economics, energy

IRENA says green hydrogen could disrupt global trade and bilateral energy relations, reshaping the positioning of states with new hydrogen exporters and users emerging.

Jan 22, 2022

How emerging tech will influence freedom, industry, and money in the metaverse

Posted by in categories: blockchains, business, economics, finance, internet

It is clear to see that the variety of businesses, individuals, and entities that could potentially operate in the metaverse is vast. The widespread use and acceptance of decentralization through the growth of crypto, NFTs, and DeFi point to a fully-realized future operating outside of the parameters of today’s established markets.

Evidently, therefore, the metaverse is not a sci-fi fantasy conjured up in a dystopian novel, but a more tangible and natural progression for the current structuring of the internet. The founding principles of the metaverse have already been introduced in many ways. Now its development centers on blockchain technology and DeFi to propel it from the conceptual stage towards the implementation phase. This development will allow us to firmly realize the true extent that the metaverse will impact our lives.

The gaming industry is one such sector that stands to benefit greatly from developments arising in the metaverse. Gaming skins, which are in-game avatar outfits, are expected to trade at a level of $40 billion every year. Eighty-one percent of players aware of these skins want to trade them for real-world money, according to a report from DMarket. Currently, there is no method of transferring skins across gaming universes or trading them for currency. In the metaverse, however, as every separate gaming universe is connected through a decentralized economy, this would be possible. The use of metaverse-based banks would also enable transactions like these.

Continue reading “How emerging tech will influence freedom, industry, and money in the metaverse” »

Jan 22, 2022

Nuclear quantum computing: It’s coming

Posted by in categories: computing, economics, quantum physics

Silicon-based, nuclear, quantum gate computers? In this economy? Get ready for the future, Uncle Sam’s footing the bill. property= description.

Jan 21, 2022

Battery manufacturing is coming to Europe

Posted by in categories: business, economics, employment, energy, sustainability, transportation

Over 70,000 jobs will be created through the rising battery manufacturing in Europe within the next years, new studies predict.


The energy supply in Germany and Europe has never been more in flux. As the success of renewable energies continues to mount, another technology is coming into focus. Energy storage technologies and battery storage systems in particular are becoming increasingly important with the advancement of the energy transition. This development also has significant implications for Germany as an economic center, since battery production is expected to create thousands of jobs here in the future.

Europe has not traditionally played a very significant role as a site for battery cell production, but technical advances, favorable political conditions and an especially promising sales market are making the continent increasingly attractive for battery production. A look at the key role that battery cell production plays in upstream value chains – throughout the renewable energy supply sector and especially in the manufacture of electric vehicles – makes its significance clear. Battery cells represent approximately 40 percent of the value added in the production of an electric vehicle. So it is no wonder that production capacities for lithium-ion batteries are growing faster in Europe than in any other region of the world. Current forecasts predict that the continent’s share in this global manufacturing business will increase from around 6 percent now to 16 to 25 percent by 2030.

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Jan 21, 2022

U.S. Energy-Related Carbon Dioxide Emissions Expected to Increase in 2022 & 2023

Posted by in categories: biotech/medical, economics, energy

In our latest Short-Term Energy Outlook, we forecast that U.S. energy-related carbon dioxide (CO2) emissions will increase in both 2022 and 2023 but remain below 2019 levels. In 2020, U.S. energy-related CO2 emissions decreased by 11% as energy use declined during the onset of the COVID-19 pandemic. As the U.S. economy began to return to pre-COVID activity, CO2 emissions increased by an estimated 6% in 2021. We expect increasing economic activity, along with other factors, will result in those emissions increasing by another 2% in 2022 and remaining virtually flat in 2023.

We forecast that, by 2023, U.S. energy-related CO2 emissions will total 4,971 million metric tons (MMmt) — still 3% below the 5,144 MMmt of CO2 emissions generated in 2019 and 17% below the peak level of 6,016 MMmt in 2007.

U.S. petroleum-related CO2 emissions increased 8% in 2021, and we forecast that they will increase by another 5% in 2022 and an additional 1% in 2023 as travel activity continues to increase. We forecast that in 2022, the number of vehicle miles traveled in the United States, which affects motor gasoline and diesel consumption, will return to 2019 levels and that air travel will increase by 4% over 2019.

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Jan 19, 2022

Innovating Meaningful & Impactful Health System Transformation — Fanny Sie — One Roche Head of Artificial Intelligence and Digital Health, F

Posted by in categories: biotech/medical, business, economics, health, robotics/AI

Hoffmann La Roche.


Ms. Fanny Sie is the One Roche Head of Artificial Intelligence and Digital Health, at F. Hoffmann-La Roche Ltd. (https://www.roche.com/), a multinational healthcare company that operates in both the Pharmaceuticals and Diagnostics segments, and in 2021 was the world’s largest pharma company by revenue.

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Jan 19, 2022

CATL Warns On Solid-State Batteries, Sees Supply Shortfall Ahead

Posted by in categories: business, economics, energy, finance

CATL warns investors its expansion plans may not keep up with demand and that advanced solid-state batteries won’t be commercially available until 2035 — at the earliest.


The rules that govern stock markets in China are different than they are in other countries. Recently, CATL, the largest battery manufacturer in China, revealed plans to invest enormous amounts of money to increase its production capacity. But first it had to convince the Shenzhen Stock Exchange that its plans were realistic and in line with sound business practices. In response to several questions put to it by the stock exchange, the company said solid-state battery development faces technical difficulties that will prevent mass production from occurring for a long time yet.

According to CnEVPost, CATL was asked to explain the development of technology paths for solid-state batteries, sodium ion batteries, and hydrogen fuel cells, along with the risks that each could pose to its operations and capacity expansion. Solid-state batteries and hydrogen fuel cells have certain technical features and advantages, but there are still unresolved technical problems and barriers to mass production, the company said.

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Jan 18, 2022

US Airlines Warn of a ‘Catastrophic’ Crisis Caused by New 5G Services

Posted by in categories: biotech/medical, economics, engineering, government, internet

They claim that more than 100,000 passengers could be affected in a single day. 🤔

#engineering


Several high-profile executives of U.S. airlines warned on Monday, January 17, of an oncoming “catastrophic” aviation crisis that will take hold by Wednesday should AT&T and Verizon activate their new 5G services, a report from Reuters reveals.

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