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Category: economics – Page 3

Chinese commercial company lands contract to build provincial satellite constellation

HELSINKI — Chinese commercial satellite manufacturer MinoSpace has won a major contract to build a remote sensing satellite constellation for Sichuan Province, under a project approved by the country’s top economic planner.

Beijing-based MinoSpace won the bid for the construction of a “space satellite constellation,” the National Public Resources Trading Platform (Sichuan Province) announced May 18, Chinese language Economic Observer reported.

The contract is worth 804 million yuan (around $111 million) and the constellation has been approved by the National Development and Reform Commission (NDRC), China’s top economic planning agency, signaling potential alignment with national satellite internet and remote sensing infrastructure goals.

Turning fallen leaves into sustainably made paper: Ukrainian scientist selected as a finalist for the Young Inventors Prize 2024

Munich, 4 June 2024 – According to the World Wildlife Fund (WWF), the pulp and paper industry is one of the largest industrial sectors in the world and has an enormous influence on global forests. This sector accounts for 13–15% of total wood consumption and uses between 33–40% of all industrial wood traded globally. In search of more sustainable solutions for paper production, 23-year-old Ukrainian inventor Valentyn Frechka developed a method for recycling leaf litter into paper. Frechka is a finalist for the Young Inventors Prize of the European Inventor Award 2024, in recognition of his promising work towards a circular economy and addressing one of the United Nations’ Sustainable Development Goals (SDGs). He was selected from over 550 candidates for this year’s edition.

Using new technology to recycle fallen leaves into paper

The global loss of trees is known to significantly exacerbate climate change, increasing air pollution levels, causing the loss of biodiversity, and disrupting the water cycle. Global warming also leads to issues such as soil erosion and reduced freshwater availability. It also increases costs for managing environmental problems such as flooding.

Facing Superintelligence (with Ben Goertzel)

On this episode, Ben Goertzel joins me to discuss what distinguishes the current AI boom from previous ones, important but overlooked AI research, simplicity versus complexity in the first AGI, the feasibility of alignment, benchmarks and economic impact, potential bottlenecks to superintelligence, and what humanity should do moving forward.

Timestamps:
00:00:00 Preview and intro.
00:01:59 Thinking about AGI in the 1970s.
00:07:28 What’s different about this AI boom?
00:16:10 Former taboos about AGI
00:19:53 AI research worth revisiting.
00:35:53 Will the first AGI be simple?
00:48:49 Is alignment achievable?
01:02:40 Benchmarks and economic impact.
01:15:23 Bottlenecks to superintelligence.
01:23:09 What should we do?

OpenAI’s Chief Scientist: AI Could Produce Novel Research by the End of the Decade

Jakub Pachocki, OpenAI’s chief scientist since 2024, believes artificial intelligence models will soon be capable of producing original research and making measurable economic impacts. In a conversation with Nature, Pachocki outlined how he sees the field evolving — and how OpenAI plans to balance innovation with safety concerns.

Pachocki, who joined OpenAI in 2017 after a career in theoretical computer science and competitive programming, now leads the firm’s development of its most advanced AI systems. These systems are designed to tackle complex tasks across science, mathematics, and engineering, moving far beyond the chatbot functions that made ChatGPT a household name in 2022.

AI optimizes land use policy, finding hidden keys for better land use

Using global land use and carbon storage data from the past 175 years, researchers at The University of Texas at Austin and Cognizant AI Labs have trained an artificial intelligence system to develop optimal environmental policy solutions that can advance global sustainability initiatives of the United Nations.

The AI tool effectively balances various complex trade-offs to recommend ways of maximizing carbon storage, minimizing economic disruptions and helping improve the environment and people’s everyday lives, according to a paper published today in the journal Environmental Data Science.

The project is among the first applications of the UN-backed Project Resilience, a team of scientists and experts working to tackle global decision-augmentation problems—including ambitious sustainable development goals this decade—through part of a broader effort called AI for Good.

Anthropic Closes $2.5 Billion Credit Facility As Wall Street Continues Plunging Money Into Artificial Intelligence Boom

“The backing of these global financial institutions is a testament to the strength of our business and the resonance of our mission,” Krishna Rao, Anthropic’s finance chief, said in a statement.