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Archive for the ‘economics’ category

Apr 24, 2024

Mark Zuckerberg laid out 3 ways Meta will make money from its huge AI investments

Posted by in categories: economics, robotics/AI

The Meta CEO is spending massively on AI. In a call with analysts, he explained how these huge investments can pay off in the future.

Apr 23, 2024

Will Rejuvenation Therapy Be Available In Our LIFETIME? Gene Therapy VS Small Molecules

Posted by in categories: biotech/medical, economics, genetics, life extension

Thsi is a year old. But at 27 minutes David gets asked a couple fo “when” questions.


Dr. David Sinclair presents the progress of epigenetic reprogramming and rejuvenation in this video. He’s also answering questions on when he thinks the rejuvenation therapy be available in the Q\&A session at the end of the presentation.

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Apr 21, 2024

Space is booming. Here’s how to embrace the $1.8 trillion opportunity

Posted by in categories: business, economics, food, mobile phones, robotics/AI, satellites

The LASSIE project is preparing for a time when people and robots explore space together.

Learn more about how the #space economy can improve life on #Earth from our new insight report, ‘Space: The $1.8 Trillion Opportunity for Global Economic Growth’:


Space is approaching a new frontier. The space economy is expected to be worth $1.8 trillion by 2035 as satellite and rocket-enabled technologies become increasingly prevalent, according to a new report.

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Apr 21, 2024

$300,000 Robotic Micro-Factories Pump Out Custom-Designed Homes

Posted by in categories: economics, finance, habitats, robotics/AI, space

Construction is the world’s largest industry, employing seven percent of the planet’s working-age adults, contributing 13 percent of the world’s GDP and completing floor space equivalent to the city of Paris every seven days.

The construction industry is also the most inefficient, least digitised and most polluting industry (37% of ALL emissions), so change is imperative from macro economic necessity alone. For the builders of the world faced with a jigsaw puzzle of partial digital solutions and chronic labor and supply chain issues, the margins are growing ever-thinner and the necessity is to change or perish.

British company Automated Architecture (AUAR) has a thoroughly ingenious solution and it has enlisted an all-star cast of financial backers in short order: Morgan Stanley, ABB Robotics, Rival Holdings (USA), Vandenbussche NV (Belgium) with VCs such as Miles Ahead and Bacchus Venture Capital (Jim Horowitz et al) helping to get the initial idea off the ground.

Apr 18, 2024

Amazon Is Taking Spammers’ Money to Serve Ads for AI-Generated Books on Kindle Lock Screens

Posted by in categories: economics, robotics/AI

By paying Amazon for lock screen ads, the AI-generated book scammers intend to make money by abusing the Kindle Unlimited program.

Apr 15, 2024

Nash equilibrium

Posted by in categories: economics, entertainment

J. V. Neumann, Zur Theorie der Gesellschaftsspiele, 1928. Proved the existence of equilibrium in 2 players’ zero-sum games.

The birth of game theory.


The modern concept of Nash equilibrium is instead defined in terms of mixed strategies, where players choose a probability distribution over possible pure strategies (which might put 100% of the probability on one pure strategy; such pure strategies are a subset of mixed strategies). The concept of a mixed-strategy equilibrium was introduced by John von Neumann and Oskar Morgenstern in their 1944 book The Theory of Games and Economic Behavior, but their analysis was restricted to the special case of zero-sum games. They showed that a mixed-strategy Nash equilibrium will exist for any zero-sum game with a finite set of actions.[13] The contribution of Nash in his 1951 article “Non-Cooperative Games” was to define a mixed-strategy Nash equilibrium for any game with a finite set of actions and prove that at least one (mixed-strategy) Nash equilibrium must exist in such a game. The key to Nash’s ability to prove existence far more generally than von Neumann lay in his definition of equilibrium. According to Nash, “an equilibrium point is an n-tuple such that each player’s mixed strategy maximizes his payoff if the strategies of the others are held fixed. Thus each player’s strategy is optimal against those of the others.” Putting the problem in this framework allowed Nash to employ the Kakutani fixed-point theorem in his 1950 paper to prove existence of equilibria. His 1951 paper used the simpler Brouwer fixed-point theorem for the same purpose.[14]

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Apr 14, 2024

Moore’s Law for Everything

Posted by in categories: biotech/medical, economics, law, policy, robotics/AI

Fascinating vision/plan by the one and only Sam Altman of how to update our economic systems to benefit everyone in the context of rapidly accelerating technological change.


My work at OpenAI reminds me every day about the magnitude of the socioeconomic change that is coming sooner than most people believe. Software that can think and learn will do more and more of the work that people now do. Even more power will shift from labor to capital. If public policy doesn’t adapt accordingly, most people will end up worse off than they are today.

We need to design a system that embraces this technological future and taxes the assets that will make up most of the value in that world–companies and land–in order to fairly distribute some of the coming wealth. Doing so can make the society of the future much less divisive and enable everyone to participate in its gains.

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Apr 12, 2024

Voice Assistants Learn the Art of Small Talk

Posted by in categories: business, economics, education, habitats

Voice assistants have already made significant strides in areas such as smart home integration, educational settings and business applications. However, their current capabilities are limited by a lack of robust reasoning and planning abilities.

In fact, just 7.8% of consumers believe voice technology is as smart and reliable as a real person today, according to the PYMNTS Intelligence report “ How Consumers Want to Live in the Voice Economy.”

Apr 11, 2024

How AI 50 Companies Are Powering A New Tech Economy

Posted by in categories: economics, robotics/AI

Generative AI companies are dominant on this year’s list of the most promising AI startups, heralding a coming productivity revolution.

Apr 9, 2024

Hackers stole 340,000 Social Security numbers from government consulting firm

Posted by in categories: cybercrime/malcode, economics, government

GMA provides economic and litigation support to companies and U.S. government agencies, including the U.S. Department of Justice, bringing civil litigation. According to its data breach notice, GMA told affected individuals that their personal information “was obtained by the U.S. Department of Justice (“DOJ”) as part of a civil litigation matter” supported by GMA.

The reasons and target of the DOJ’s civil litigation are not known. A spokesperson for the Justice Department did not respond to a request for comment.

GMA said that individuals notified of the data breach are “not the subject of this investigation or the associated litigation matters,” and that the cyberattack “does not impact your current Medicare benefits or coverage.”

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