Menu

Blog

Archive for the ‘economics’ category: Page 154

Nov 8, 2017

U.S. officials are having a ‘Sputnik moment’ over AI innovation in China

Posted by in categories: climatology, economics, policy, quantum physics, robotics/AI, security, sustainability

Today’s Sputnik moment is China’s rapid growth as an economic and technological superpower. In 2017 alone, China has outpaced the United States in renewable energy efforts and has become the standard-bearer in combating climate change and advocacy for globalization. Similarly, China is rapidly moving towards taking the lead in technology from the United States and is looking at quantum computing and artificial intelligence as areas for growth to do so.

The Verge recently published an article citing Alphabet chief executive officer Eric Schmidt’s perspective that the United States is falling behind when it comes to research and development in artificial intelligence, particularly compared to the rapid pace of innovation that China has set in the field. Schmidt, who is also the chair of the Defense Innovation Advisory Board, gave those remarks as part of a discussion at The Artificial Intelligence and Global Security Summit held by The Center for a New American Security (CNAS), a nonprofit think tank dedicated to research and analysis on how the United States can make informed policy-making decisions on national security and defense.

Read more

Nov 8, 2017

Uber announces LA will be the third city for UberAIR

Posted by in categories: economics, transportation

Flying Ubers are coming to LA: Ride-sharing company links with NASA to bring 200mph electric aircraft to the city in 2020 and a flight will cost you the same as a car journey…


Uber’s Chief Product Officer, Jeff Holden, announced the plans at the global Web Summit in Lisbon today.

Continue reading “Uber announces LA will be the third city for UberAIR” »

Oct 29, 2017

‘New Generation of Cities’: Riyadh to Build High-Tech Utopia in the Desert

Posted by in categories: business, economics, energy

https://youtube.com/watch?v=uzwMQB1Vw0I

Struggling to steer its economy away from oil dependence, Saudi Arabia announced an audacious plan to build a $500 billion super-city that is intended to become a world-class business hub.

Saudi Arabia is moving toward a “new generation of cities,” said Mohammed bin Salman, crown prince of the Middle Eastern kingdom, during one of his rare appearances before the press on October 24. The first of its kind, the city, to be named Neom, would be powered by green energy and have no room for “anything traditional,” he said.

Continue reading “‘New Generation of Cities’: Riyadh to Build High-Tech Utopia in the Desert” »

Oct 28, 2017

It’s Time to Shift Our Society to Robotic Labor and a Basic Income

Posted by in categories: economics, robotics/AI

By fundamentally severing human labor and income, society can reach fourth gear capitalism, where all members of the economy will benefit.

Read more

Oct 28, 2017

How we’ll earn money in a future without jobs

Posted by in categories: economics, employment

Machines that can think, learn and adapt are coming — and that could mean that we humans will end up with significant unemployment. What should we do about it? In a straightforward talk about a controversial idea, futurist Martin Ford makes the case for separating income from traditional work and instituting a universal basic income.

About the speaker.

Read more

Oct 24, 2017

Cryonics: Putting Death on Ice

Posted by in categories: cryonics, economics, ethics, life extension, neuroscience

Robert C. W. Ettinger’s seminal work, The Prospect Of Immortality, detailed many of the scientific, moral, and economic implications of cryogenically freezing humans for later reanimation. It was after that book was published in 1962 that the idea of freezing one’s body after death began to take hold.

One of the most pressing questions is, even if we’re able to revive a person who has been cryogenically preserved, will the person’s memories and personality remain intact? Ettinger posits that long-term memory is stored in the brain as a long-lasting structural modification. Basically, those memories will remain, even if the brain’s “power is turned off”.


This infographic delves into the mechanics and feasibility of cryonics – a process that thousands of people are betting will give them a second shot at life.

Read more

Oct 22, 2017

What can we learn from small fraction of people who own 1 BTC

Posted by in categories: bitcoin, cryptocurrencies, economics, geopolitics, internet

How many individuals own at least 1 BTC?

I was asked this question today at Quora, a popular Q&A blog covering a variety of technical and economic disciplines. Under my alias “Ellery”, I am the most viewed author on Bitcoin and the blockchain.

While this question may sound like a good factoid for a trivia game, it is directly related to something with with far reaching impact on your pocketbook and your future. It goes to the heart of a debate between warring factions: In the 2nd half of this answer, I address the eternal question:

Is Bitcoin a pyramid scheme? Or are we still early on the adoption curve?

Continue reading “What can we learn from small fraction of people who own 1 BTC” »

Oct 21, 2017

Chinese and Chinese-American billionaires’ philanthropy rising at ‘astounding’ rate

Posted by in category: economics

That the surge in philanthropy is a natural consequence of the rapid wealth creation was a sentiment echoed by a number of the high-net-worth individuals speaking at the conference, including Ronnie Chan and John Long, founder and CEO of investment company Highridge Partners. China is now home to 609 billionaires, more than the 552 in the US.


Chinese entrepreneurs in China itself, Hong Kong and America are giving back to society in ways unheard of even a few years ago, with Ronnie and Gerald Chan and Li Ka-shing among the big donors.

PUBLISHED : Sunday, 08 October, 2017, 6:45pm.

Continue reading “Chinese and Chinese-American billionaires’ philanthropy rising at ‘astounding’ rate” »

Oct 20, 2017

Bootstrapping the Solar System Economy

Posted by in categories: economics, robotics/AI, space travel

Centauri Dreams returns with an essay by long-time contributor Alex Tolley. If we need to grow a much bigger economy to make starships possible one day, the best way to proceed should be through building an infrastructure starting in the inner Solar System and working outward. Alex digs into the issues here, starting with earlier conceptions of how it might be done, and the present understanding that artificial intelligence is moving at such a clip that it will affect all of our ventures as we transform into a truly space-faring species. Under the microscope here is a company called SpaceFab, as Alex explains below, and the potential of ISRU — in situ resource utilization. Emerging out of all this is a new model for expansion.

by Alex Tolley

Continue reading “Bootstrapping the Solar System Economy” »

Oct 19, 2017

China aims to outspend the world in artificial intelligence, and Xi Jinping just green lit the plan

Posted by in categories: economics, robotics/AI

The inclusion of technology in the leader’s most important address in an official imprimatur that underscores the continued push by China’s top leaders to identify new pillars for an economy struggling to maintain its rapid growth amid overcapacity and rising debt.


China’s State Council laid out goals in July to build a domestic artificial intelligence industry worth nearly US$150 billion in the next few years, and to make the country a “innovation centre for AI” by 2030. Xi’s speech gave the official imprimatur to the plan.

PUBLISHED : Wednesday, 18 October, 2017, 6:56pm.

Continue reading “China aims to outspend the world in artificial intelligence, and Xi Jinping just green lit the plan” »