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Apr 5, 2021

‘Highest form of money’: Russia set to have first digital ruble prototype this year

Posted by in categories: cryptocurrencies, economics, finance

The launch of the first prototype of the new form of Russia’s national currency, the digital ruble, could be just several months away, the head of the State Duma Committee on the Financial Market, Anatoly Aksakov, has told RT.

“The digital ruble is currently the highest form of money,” the official said in an interview to RT. He said that the central bank is set to publish the roadmap for development of the digital currency soon and its prototype should be ready by autumn.

“The tests of this form of money may start at the end of 2021 or at the beginning of 2022,” he went on, adding that the digital currency may be used for domestic transactions in two to three years.

Apr 5, 2021

Intel CEO to attend White House meeting on chip supply chain

Posted by in categories: computing, economics, security

Intel Corp Chief Executive Officer Pat Gelsinger will virtually attend a meeting being put together by President Joe Biden’s administration for April 12 to discuss the semiconductor supply chain issues disrupting U.S. automotive factories, according to a person familiar with the matter. Reuters previously reported the meeting will include Biden’s national security adviser, Jake Sullivan, and a top economic aide, Brian Deese, as well as chipmakers and automakers. Gelsinger last month said Intel will spend $20 billion to build two new chip factories in Arizona.

Apr 2, 2021

US fossil-fuel companies took billions in tax breaks – and then laid off thousands

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

“Last year’s stimulus was about keeping the economy going, but these companies didn’t use these resources to retain their workers. These are companies that are polluting the environment, increasing the deadliness of the pandemic and letting go of their workers.”


Figures show 77 companies received $8.2bn under tax changes related to Covid relief and yet almost every one let workers go.

Apr 1, 2021

Businesses Take a Hurry-Up-and-Wait Approach to AI

Posted by in categories: business, economics, robotics/AI

But whenever companies experiment with a new technology that has the potential to transform entire business models, like electricity, it can take decades before changes yield real-world results, Mr. Brynjolfsson said, speaking on Wednesday at The Wall Street Journal Pro AI Executive Forum. The Digital Economy Lab is part of Stanford University’s Institute for Human-Centered AI.

Companies leading the charge in adopting AI tools and platforms are taking time to target spending in the right digital capabilities and talent, he said.

“We’re having a few superstars doing really well,” Mr. Brynjolfsson said. “But the whole reason it takes so long in the first place is that it’s not easy.” He expects to see a “productivity J-curve” as companies figure out how best to deploy AI in their daily operations.

Continue reading “Businesses Take a Hurry-Up-and-Wait Approach to AI” »

Mar 28, 2021

San Francisco to pay ‘essential’ artists $1,000 per month basic income in pilot program amid pandemic

Posted by in categories: biotech/medical, economics

“The Office of Racial Equity at the San Francisco Human Rights Commission will handle the program and artists from ”historically marginalized communities” are encouraged to apply.

Other basic income programs under development in San Francisco include funds for emergency medical technicians and Black and Pacific Islander expectant mothers, FOX 2 reported.


You could call it art for art’s sake — plus $1000 a month.

Continue reading “San Francisco to pay ‘essential’ artists $1,000 per month basic income in pilot program amid pandemic” »

Mar 27, 2021

First Look Over the Event Horizon of Singularity: Your Future Life as a Cyberhuman

Posted by in categories: alien life, economics, evolution, internet, nanotechnology, singularity

The lives of infomorphs (or ‘cyberhumans’) who have no permanent bodies but possess near-perfect information-handling abilities, will be dramatically different from ours. Infomorphs will achieve the ultimate morphological freedom. Any infomorph will be able to have multiple cybernetic bodies which can be assembled and dissembled at will by nanobots in the physical world if deemed necessary, otherwise most time will be spent in the multitude of virtual bodies in virtual enviro… See More.


“I am not a thing a noun. I seem to be a verb, an evolutionary process an integral function of the Universe.” Buckminster Fuller

The term ‘Infomorph’ was first introduced in “The Silicon Man” by Charles Platt in 1991 and later popularized by Alexander Chislenko in his paper “Networking in the Mind Age”: “The growing reliance of system connections on functional, rather than physical, proximity of their elements will dramatically transform the notions of personhood and identity and create a new community of distributed ‘infomorphs’ advanced informational entities that will bring the ongoing process of liberation of functional structures from material dependence to its logical conclusions. The infomorph society will be built on new organizational principles and will represent a blend of a superliquid economy, cyberspace anarchy and advanced consciousness.”

Continue reading “First Look Over the Event Horizon of Singularity: Your Future Life as a Cyberhuman” »

Mar 26, 2021

Oakland to give low-income residents $500 a month, no strings attached

Posted by in categories: economics, health

The mayor of Oakland, California, on Tuesday announced a privately funded program that will give low-income families of color in the city $500 per month with no rules on how they can spend it.

The program is the latest experiment with a “guaranteed income,” the idea that giving low-income individuals a regular, monthly stipend helps ease the stresses of poverty and results in better health and upward economic mobility.”

Alan DeRossett.

Continue reading “Oakland to give low-income residents $500 a month, no strings attached” »

Mar 24, 2021

Dr. José Luis Cordeiro — Engineer, Economist, Futurist, Transhumanist, Author — ENERGY!!!

Posted by in categories: economics, energy, engineering, transhumanism

ENERGY!!! — Jose Luis Cordeiro, Engineer, Economist, Futurist, Transhumanist, Author, “The Death Of Death”


Dr. José Luis Cordeiro is an engineer, economist, futurist, transhumanist and author.

Continue reading “Dr. José Luis Cordeiro — Engineer, Economist, Futurist, Transhumanist, Author — ENERGY!!!” »

Mar 22, 2021

Flying Cars and Drones Will Soon Get Their Own Airport in the UK

Posted by in categories: drones, economics, government

Coventry, a city in the United Kingdom, will play host to the world’s first airport for electric flying cars and delivery drones. Urban Air Port will build the Air One transport hub next to the city’s Ricoh Arena and will open later this year. It’ll be used to transport cargo and hopefully even people later across cities.

The city was specifically chosen by the company for its relatively central location and also because it’s a historically prominent location for both the aerospace and automobile industries. The project received a £1.2 million grant after winning the Government’s Future Flight Challenge, and the city is now in an urban air mobility partnership that’s backed by the UK Government.

“Cars need roads. Trains need rails. Planes need airports. eVTOLs will need Urban Air Ports. Over 100 years ago, the world’s first commercial flight took off, creating the modern connected world. Urban Air Port will improve connectivity across our cities, boost productivity and help the UK take the lead in a whole new clean global economy. Flying cars used to be a futuristic flight of fancy. Air-One will bring clean urban air transport to the masses and unleash a new airborne world of zero-emission mobility,” said Ricky Sandhu, Urban Air Port’s founder and executive chairman.

Continue reading “Flying Cars and Drones Will Soon Get Their Own Airport in the UK” »

Mar 21, 2021

Tech companies predict the (economic) future

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

Welcome back to The TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s broadly based on the daily column that appears on Extra Crunch, but free, and made for your weekend reading. Want it in your inbox every Saturday morning? Sign up here.

Earnings season is coming to a close, with public tech companies wrapping up their Q4 and 2020 disclosures. We don’t care too much about the bigger players’ results here at TechCrunch, but smaller tech companies we knew when they were wee startups can provide startup-related data points worth digesting. So, each quarter The Exchange spends time chatting with a host of CEOs and CFOs, trying to figure what’s going on so that we can relay the information to private companies.

Sometimes it’s useful, as our chat with recent fintech IPO Upstart proved after we got to noodle with the company about rising acceptance of AI in the conservative banking industry.

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