Lifeboat Foundation

Jackson continues by saying that blue hydrogen is “at best an expensive distraction, and at worst a lock-in for continued fossil fuel use” which would derail goals that the country and the world have set for decarbonizing the economy. He takes particular issue with the fact that oil and gas companies have asked the UK government for decades of subsidies while also claiming that blue hydrogen will be inexpensive to produce. “If the false claims made by oil companies about the cost of blue hydrogen were true, their projects would make a profit by 2030,” he told The Guardian.

Recent studies have questioned blue hydrogen’s low-carbon bona fides.

Economists have learned that new technological breakthroughs usually don’t cause a jump in productivity right away. The technology needs time to marinate so companies can test how best to deploy it in their industry. Brynjolfsson argues artificial intelligence and machine learning have now simmered long enough to make a dramatic difference. Others are not as convinced.

Rapid adoption of robots and artificial intelligence during the pandemic combined with a rebound in government investment is making some economists optimistic about a return of a 1990s economy with widespread benefits.

# On the Opportunities and.
Risks of Foundation Models.

AI is undergoing a paradigm shift with the rise of models (e.g., BERT, DALL-E, GPT-3) that are trained on broad data at scale and are adaptable to a wide range of downstream tasks. We call these models foundation models to underscore their critically central yet incomplete character.

This report provides a thorough account of the opportunities and risks of foundation models, ranging from their capabilities (e.g., language, vision, robotics, reasoning, human interaction) and technical principles (e.g., model architectures, training procedures, data, systems, security, evaluation, theory) to their applications (e.g., law, healthcare, education) and societal impact (e.g., inequity, misuse, economic and environmental impact, legal and ethical considerations).

Continue reading “## Center for Research on Foundation Models • Aug 16 2021” »

Despite strong support from the FAA, the airline industry, and aerospace companies, the U.S. Senate ceased funding the development of a supersonic airliner in 1971. Two years later, the FAA banned supersonic flight over land, a prohibition that remains to this day.

The Concorde went on to serve various destinations, including some in the United States, flying at supersonic speeds only over water. That continued until 2,003 when British Airways and Air France retired their fleets, together amounting to just 12 aircraft. (Fourteen production aircraft were manufactured, but one was scrapped in 1,994 and another crashed in 2000.)

While the Concorde successfully overcame the technical hurdles standing in the way of supersonic passenger service, it succumbed to economics: The cost of fuel and maintenance was especially high for these planes. A new generation of aeronautical engineers and entrepreneurs are, however, keen to once again take on the technical, environmental, and economic challenges.

For many years now, China has been the world’s factory. Even in 2,020 as other economies struggled with the effects of the pandemic, China’s manufacturing output was $3.854 trillion, up from the previous year, accounting for nearly a third of the global market.

But if you are still thinking of China’s factories as sweatshops, it’s probably time to change your perception. The Chinese economic recovery from its short-lived pandemic blip has been boosted by its world-beating adoption of artificial intelligence (AI). After overtaking the U.S. in 2,014 China now has a significant lead over the rest of the world in AI patent applications. In academia, China recently surpassed the U.S. in the number of both AI research publications and journal citations. Commercial applications are flourishing: a new wave of automation and AI infusion is crashing across a swath of sectors, combining software, hardware and robotics.

As a society, we have experienced three distinct industrial revolutions: steam power, electricity and information technology. I believe AI is the engine fueling the fourth industrial revolution globally, digitizing and automating everywhere. China is at the forefront in manifesting this unprecedented change.

Doubtful. But, i hope so, it will convince them to spend more money here to move AI research faster.

TOKYO — China is overtaking the U.S. in artificial intelligence research, setting off alarm bells on the other side of the Pacific as the world’s two largest economies jockey for AI supremacy.

In 2,020 China topped the U.S. for the first time in terms of the number of times an academic article on AI is cited by others, a measure of the quality of a study. Until recently, the U.S. had been far ahead of other countries in AI research.

Continue reading “China overtakes US in AI research” »

In other words, the mix of positives and negatives puts this potent new suite of technologies on a knife-edge. Do we have confidence that a handful of companies that have already lost public trust can take AI in the right direction? We should have ample reason for worry considering the business models driving their motivations. To advertising-driven companies like Google and Facebook, it’s clearly beneficial to elevate content that travels faster and draws more attention—and misinformation usually does —while micro-targeting that content by harvesting user data. Consumer product companies, such as Apple, will be motivated to prioritize AI applications that help differentiate and sell their most profitable products—hardly a way to maximize the beneficial impact of AI.

Yet another challenge is the prioritization of innovation resources. The shift online during the pandemic has led to outsized profits for these companies, and concentrated even more power in their hands. They can be expected to try to maintain that momentum by prioritizing those AI investments that are most aligned with their narrow commercial objectives while ignoring the myriad other possibilities. In addition, Big Tech operates in markets with economies of scale, so there is a tendency towards big bets that can waste tremendous resources. Who remembers IBM’s Watson initiative? It aspired to become the universal, go-to digital decision tool, especially in healthcare—and failed to live up to the hype, as did the trendy driverless car initiatives of Amazon and Google parent Alphabet. While failures, false starts, and pivots are a natural part of innovation, expensive big failures driven by a few enormously wealthy companies divert resources away from more diversified investments across a range of socially productive applications.

Continue reading “Big Tech’s Stranglehold on Artificial Intelligence Must Be Regulated” »

Quartz is a guide to the new global economy for people in business who are excited by change. We cover business, economics, markets, finance, technology, science, design, and fashion.

Accelerating norway towards a low-carbon economy — bjørn kjærand haugland, co-founder and CEO, skift.

Bjørn Haugland is the co-founder and Chief Executive Officer of SKIFT Business Climate Leaders (https://www.skiftnorge.no/english), a Norwegian business-led climate initiative with a mission to accelerate the transition to a low-carbon economy and support the government in delivering on its national climate commitments by 2030. The coalition hopes to demonstrate, to businesses and the government, the business potential that exists in the low-carbon economy and help drive the transition.

Continue reading “Bjørn Haugland — Co-Founder and CEO — SKIFT Business Climate Leaders” »