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Category: economics – Page 28

The recent unveiling of Huawei Technologies’ Mate 60 Pro smartphone has sparked a whirlwind of chatter across political, economic, and technological spectrums. The device, a showcase for China’s growing prowess in semiconductor technology, has left industry insiders debating whether it signifies a significant milestone in the US-China technology cold war.

Ever since Huawei was blacklisted by the US in 2020, denying it access to state-of-the-art American chip technologies, the tech giant has been cloaked in secrecy. In this mysterious atmosphere, the launch of Mate 60 Pro has become the subject of intense scrutiny, primarily due to the chip powering it—dubbed Kirin 9000s.

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More remarkably, the advent of artificial intelligence (AI) and machine learning-based computers in the next century may alter how we relate to ourselves.

The digital ecosystem’s networked computer components, which are made possible by machine learning and artificial intelligence, will have a significant impact on practically every sector of the economy. These integrated AI and computing capabilities could pave the way for new frontiers in fields as diverse as genetic engineering, augmented reality, robotics, renewable energy, big data, and more.

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Today marks nine months since ChatGPT was released, and six weeks since we announced our AI Start seed fund. Based on our conversations with scores of inception and early-stage AI founders, and hundreds of leading CXOs (chief experience officers), I can attest that we are definitely in exuberant times.

In the span of less than a year, AI investments have become de rigueur in any portfolio, new private company unicorns are being created every week, and the idea that AI will drive a stock market rebound is taking root. People outside of tech are becoming familiar with new vocabulary.

Large language models. ChatGPT. Deep-learning algorithms. Neural networks. Reasoning engines. Inference. Prompt engineering. CoPilots. Leading strategists and thinkers are sharing their view on how it will transform business, how it will unlock potential, and how it will contribute to human flourishing.

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Could you mine all the resources needed for space exploration from space itself? China reveals plans to achieve this goal by 2100.

Chinese space scientists have unveiled a preliminary roadmap that aims to establish a comprehensive space resources system spanning the solar system by the year 2100.

The ambitious initiative, named after the Ming dynasty scientist Song Yingxing’s work, “Tiangong Kaiwu” or “The Exploitation of the Works of Nature,” has the potential to transform the global space economy and elevate China’s standing in the world of space exploration, reported South China Morning Post.

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In a Nutshell…

Conclusively, the partnership between NASA and DARPA to test a nuclear-powered rocket for future Mars missions marks a significant milestone in space exploration. The use of a nuclear thermal rocket engine offers several benefits including faster transit times, increased science payload capacity, and higher power for instrumentation and communication. These advancements will play a crucial role in helping NASA meet its Moon-to-Mars objectives and establish a space transportation capability for the Earth-Moon economy. Moreover, the successful demonstration of the DRACO program could have far-reaching implications for future space exploration efforts. The nuclear thermal propulsion technology could be used for not just crewed missions to Mars but also for other deep space missions, enabling humans to journey faster than ever before. This collaboration between NASA and DARPA brings together the best of both worlds, and the successful outcome of this project will be a major achievement in advancing space technology. The future looks bright for the space industry, and with more innovations like the DRACO program, we may be able to explore even more of our universe in the years to come.

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Called MARAFY, the project will house 130,000 residents in the northern region of Jeddah.

A new development project financed by the Public Investment Fund (PIF) of Saudi Arabia features a 6.8 mile (11 km) long and 328 feet (100 m) wide artificial canal, a press release from the real estate developer ROSHN said.

The world’s largest oil supplier, Saudi Arabia, is preparing for the new world order, where fossil fuels no longer fuel its economy. The country has undertaken ambitious projects such as NEOM and the LINE, which do not meet the norms of construction designs today.

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A promising, more durable fuel cell design could help transform heavy-duty trucking and other clean fuel cell applications. Consisting of nanowires that are less susceptible to corrosion than other designs, the innovative electrode—the heart of a polymer electrolyte-membrane fuel cell—could usher in a new era for fuel cells, which use hydrogen as emission-free power for vehicles.

“In real-world terms, this means that we can have a more durable fuel cell that will provide high fuel economy over a longer lifetime,” said Jacob Spendelow, a scientist with the Los Alamos National Laboratory team that described its results in the journal Advanced Materials. “This work demonstrates that we can get rid of conventional carbon-based catalyst supports, eliminating the degradation problems associated with carbon corrosion, while still achieving high fuel cell performance.”

The improved durability makes this fuel cell a promising candidate for use in heavy-duty trucking applications, which require fuel cell lifetimes of more than 25,000 hours.

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Trading activity in August has fallen by over 94 percent compared to March this year.

Far from its all-time high values, cryptocurrency Bitcoin is failing to attract interest from traders, as per a recent report of trading volumes at crypto exchanges, CNBC

The interest in Bitcoin surged during the COVID-19 pandemic as the world economy came to a grinding halt. As investors looked to park their funds in rising assets, Bitcoin became a top favorite, and its valuation soared to all-time highs of over $68,000.

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