Archive for the ‘economics’ category: Page 7

Jan 17, 2024

Google Scientists Discovered 380,000 New Materials Using Artificial Intelligence

Posted by in categories: economics, robotics/AI, solar power, supercomputing, sustainability

New advancements in technology frequently necessitate the development of novel materials – and thanks to supercomputers and advanced simulations, researchers can bypass the time-consuming and often inefficient process of trial-and-error.

The Materials Project, an open-access database founded at the Department of Energy’s Lawrence Berkeley National Laboratory (Berkeley Lab) in 2011, computes the properties of both known and predicted materials. Researchers can focus on promising materials for future technologies – think lighter alloys that improve fuel economy in cars, more efficient solar cells to boost renewable energy, or faster transistors for the next generation of computers.

Jan 16, 2024

Nebraska-Led Study Reveals Impact of Groundwater Depletion on Crop Yields from Drought and Dry Conditions

Posted by in categories: climatology, economics, sustainability

How can the increased threat of drought and drier conditions from climate change impact groundwater (aquifer) usage, and ultimately, food production? This is what a recent study partially funded by the U.S. Department of Agriculture and published in Nature Water hopes to address as a team of researchers led by the University of Nebraska-Lincoln investigated how decreasing aquifer levels result in irrigation challenges for farmers now only in the United States but throughout the world.

This study holds the potential to help scientists, farmers, and policymakers better understand the appropriate steps to manage irrigation levels as climate change continues to lead to increased drought and drier environmental conditions across the globe.

“In terms of things that let you address food security under extreme conditions — in particular, drought and climate change — we really can’t do without irrigation,” said Dr. Nick Brozović, who is a professor of agricultural economics at the University of Nebraska–Lincoln and a co-author on the study. “If we want to feed the world with high-quality, nutritious food and a stable food supply, we need to irrigate.”

Jan 15, 2024

International Monetary Fund warns, AI to threaten 40% of global jobs

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

Job replacement has been a key risk factor with advancement in AI-related tech.

The International Monetary Fund (IMF) posits that the potential impact of Artificial Intelligence (AI) on the global job market stands at 40%, with advanced economies anticipated to bear the brunt of this transformation.

Jan 14, 2024

Quantum mechanics uncovers hidden patterns in the stock market

Posted by in categories: economics, finance, particle physics, quantum physics

In the ever-evolving world of financial markets, understanding the unpredictable nature of stock market fluctuations is crucial. A new study has taken a leap in this field by developing an innovative quantum mechanics model to analyze the stock market.

This model not only encompasses economic uncertainty and investor behavior but also aims to unravel the mysteries behind stock market anomalies like fat tails, volatility clustering, and contrarian effects.

The core of this model is quantum mechanics, a pillar of physics known for explaining the behavior of subatomic particles.

Jan 12, 2024

Food Waste Costs the World’s Economy $1T Each Year

Posted by in categories: economics, finance, food

With better food preservation and factories that are more precise along with more upgrades to the global supply line we could even eliminate poverty with the food that is wasted.

It is estimated that 1.3 billion metric tons of food are lost or wasted annually, translating to a financial loss of $1 trillion (USD) per year. And without significant changes, this problem is expected to grow to 2.1 billion metric tons and $1.5 trillion by 2030.

Staggering as these numbers might be, they do not take into account the hidden costs of food production, including labor, storage and salvage or the costs related to customer dissatisfaction, lost opportunities, and inventory/stocking level imprecision.

Continue reading “Food Waste Costs the World’s Economy $1T Each Year” »

Jan 12, 2024

Cobot Economics

Posted by in categories: economics, robotics/AI

The Inevitable Shift towards Machine Labor.
Impact Multiplier of Artificial Cognition and Synthetic Minds.
Economic Benefits of Cognition and Embodied Services.
Addressing Displacement with UBI Funded with Cognitive Services Impact Multipliers.

Navigating the Future with AI, Robotics, and UBI
In the context of the inevitable shift from human labor to machines, particularly in the realm of cognitive and physical tasks, the introduction of advanced technologies like Tesla’s Optimus robot and the development of artificial cognition and synthetic minds carry profound implications.

The Inevitable Shift towards Machine Labor.
The transition from human to machine labor in both cognitive and physical domains is becoming increasingly unavoidable. Technologies like Tesla Optimus represent a significant leap in this direction.

Jan 10, 2024

The Future of Labor Economics in the Age of AGI: Implications for the Economy

Posted by in categories: economics, robotics/AI

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Jan 9, 2024

Amazon, Microsoft and Google are opening Saudi Arabia HQ’s

Posted by in categories: economics, government, transportation

There was a flurry of activity towards the end of the year as large corporations look to establish local HQs. Other firms that have recently received such licenses are Airbus SE, Oracle Corp. and Pfizer Inc.

Saudi Arabia announced the new rules for state contracts in February 2021, saying it wanted to limit ‘economic leakage’ — a term used by the government for state spending that can benefit firms that don’t have a substantial presence in the country.

A key part of Crown Prince Mohammed bin Salman’s economic agenda has been to limit some of the billions in spending by the government and Saudi citizens that leave the country each year. Government officials want to stop giving contracts to international firms who only fly executives in and out of the kingdom.

Jan 9, 2024

Mysterious crypto ‘dark money’ group ramps up lobbying efforts ahead of 2024 election

Posted by in categories: economics, government

A new mysterious nonprofit group backed by the crypto industry has set up a mailing address about 100 miles away from Washington, D.C., and is making moves to exert power in the nation’s capital.

The Cedar Innovation Foundation, a 501©(4) that was incorporated in Delaware in April, has launched advertisements against at least one powerful lawmaker who’s up for reelection, and quietly hired a group of strategists to fight on its behalf, according to records uncovered by CNBC.

It’s part of a broader effort by the crypto industry to influence Congress ahead of the 2024 elections and as a variety of crypto-related bills begin to weave their way through Washington.

Jan 6, 2024

Fear is not an argument for rejecting artificial intelligence

Posted by in categories: biotech/medical, economics, encryption, genetics, quantum physics, robotics/AI

Scientific knowledge can progress rapidly, yet its social, economic, and political impacts often unfold at a painstakingly slow pace. The medicine of the 21st century draws upon genetic and embryological breakthroughs of the 19th century. Our current technology is firmly grounded in quantum physics, which was formulated a century ago. And the topic of the day, artificial intelligence (AI), traces its origins to the secret weapons research during World War II.

‌In 1935, the brilliant British mathematician, Alan Turing, envisioned a conceptual computer. His genius would later lead him to crack the Enigma code used by German submarines for secret communications during the war. Turing’s contributions extended beyond cryptography, as he introduced fundamental concepts of AI, including the training of artificial neural networks. Benedict Cumberbatch portrayed Turing in the 2014 film The Imitation Game, which earned a screenplay Oscar that year. All this historical context brings us to the heart of the current AI revolution.

‌AI uses neural networks, also known as artificial neural networks, which are comprised of multiple layers of artificial neurons. Each neuron receives numerous inputs from the lower layer and produces a single output to the upper layer, similar to the dendrites and axon of natural neurons. As information progresses through each layer, it gradually becomes more abstract, resembling the process that occurs in the visual cortex of our brains.

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