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Category: economics – Page 92

Michigan will become the first state in America to deploy inductive vehicle charging technology in roads, in an effort to accelerate the adoption of electric vehicles (EVs).

Governor of Michigan, Gretchen Whitmer, made the announcement during the opening ceremony of the Motor Bella auto show on Tuesday. The Inductive Vehicle Charging Pilot is a partnership between Michigan’s Department of Transportation (MDOT) and the Office of Future Mobility and Electrification (OFME). It will deploy an electrified roadway system allowing electric cars, buses, shuttles and other vehicles to charge while driving, allowing them to operate continuously without stopping to charge. This will address range anxiety, while turning public roads into safe, sustainable, shared energy platforms.

“Michigan was home to the first mile of paved road, and now we’re paving the way for the roads of tomorrow with innovative infrastructure that will support the economy and the environment, helping us achieve our goal of carbon neutrality by 2050,” said Governor Whitmer. “This project reinforces my commitment to accelerating the deployment of electric vehicle infrastructure in Michigan and will create new opportunities for businesses and high-tech jobs amidst the transition to electric vehicles.”

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The logo of Samsung Electronics is seen at its office building in Seoul, South Korea, August 25 2017. REUTERS/Kim Hong-Ji/File Photo.

SEOUL, Sept 23 (Reuters) — Samsung Electronics (005930.KS) is in talks with Tesla (TSLA.O) to make Tesla’s next-generation self-driving chips based on Samsung’s 7-nanometre chip production process, a South Korean newspaper reported on Thursday.

Since the beginning of this year, Tesla and Samsung have discussed chip design multiple times and exchanged chip prototypes for Tesla’s upcoming Hardware 4 self-driving computer, the Korea Economic Daily reported, citing sources with direct knowledge of the matter.

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What must the US do Eric Klien?

Read More: How China’s Digital Currency Could Challenge the Almighty Dollar

China has already largely moved away from coin and paper currency; Chinese consumers have racked up more than $41 trillion in mobile transactions, according to a recent research paper from the Brookings Institution, with the lion’s share (92%) going through digital payment processors WeChat Pay and Alipay.

“The reason you could say the U.S. is behind in the digital currency race is I don’t think the U.S. is aware there is a race,” Yaya Fanusie, an Adjunct Senior Fellow at the Center for a New American Security, and a former CIA analyst, tells TIME in an interview. “A lot of policymakers are looking at it and concerned…but even with that I just don’t think there’s this sense of urgency because the risk from China is not an immediate threat.”

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Of India’s 10 SaaS unicorns, six reached that milestone in 2,020 and investors around the world are paying attention. Last year, investors pumped $1.5 billion into Indian SaaS companies, four times more than in 2018 or 2,019 according to the SaaSBoomi report.

More than two decades ago, India began its transformation into a global IT powerhouse, ushering in an era of wealth and job creation never before seen in the country.

Now, Asia’s third largest economy is ready for the next big frontier in tech: Coming up with a new generation of software companies like Zoom or Slack.

The Covid-19 pandemic has forced business around the world to make huge investments in digital infrastructure, furthering the influence of companies providing software-as-a-service, or SaaS. Businesses spent an extra $15 billion per week last year on tech as they scrambled to create safe remote working environments, according to a KPMG survey.

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Circa 2004

To what extent do photosynthetic organisms use quantum mechanics to optimize the capture and distribution of light? Answers are emerging from the examination of energy transfer at the submolecular scale.

The first law of photosynthetic economics is: “A photon saved is a photon earned.” Research into the factors behind this principle has been burgeoning, and has recently culminated in a paper in Physical Review Letters by Jang et al.1 in which the authors look at photosynthetic energy transfer at the quantum level.

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US Secretary of Commerce Gina Raimondo has announced that the Commerce Department has established a high-level committee to advise the President and other federal agencies on a range of issues related to artificial intelligence (AI). Working with the National AI Initiative Office (NAIIO) in the White House Office of Science and Technology Policy (OSTP), the Department is now seeking to recruit top-level candidates to serve on the committee.

A formal notice describing the National Artificial Intelligence Advisory Committee (NAIAC) and the call for nominations for the committee and its Subcommittee on Artificial Intelligence and Law Enforcement appears in the Federal Register published today.

“AI presents an enormous opportunity to tackle the biggest issues of our time, strengthen our technological competitiveness, and be an engine for growth in nearly every sector of the economy,” said Secretary Raimondo. “But we must be thoughtful, creative, and wise in how we address the challenges that accompany these new technologies. That includes, but is not limited to, ensuring that President Biden’s comprehensive commitment to advancing equity and racial justice extends to our development and use of AI technology. This committee will help the federal government to do that by providing insights into a full range of issues raised by AI.”

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Mastercard has agreed to acquire blockchain analytics start-up CipherTrace, in the latest sign of how major companies are warming to cryptocurrencies.

The payments giant said Thursday it entered into an agreement to buy CipherTrace for an undisclosed amount. Based in Menlo Park, California, CipherTrace develops tools that help businesses and law enforcement root out illicit digital currency transactions. The company’s competitors include New York-based Chainalysis and London start-up Elliptic.

“Digital assets have the potential to reimagine commerce, from everyday acts like paying and getting paid to transforming economies, making them more inclusive and efficient,” Ajay Bhalla, president of cyber and intelligence at Mastercard, said in a statement. “With the rapid growth of the digital asset ecosystem comes the need to ensure it is trusted and safe.”

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Video on Neom, the future city.

Earn money for charity just by browsing the internet when you sign up for Tab For A Cause here: https://tab.gladly.io/joescott.
NEOM is Saudi Arabia’s tentpole project in their Vision2030initiative to help move the Kingdom away from an oil-based economy and rely more on technology and tourism. It has some ambitious goals, like being 100% sustainable, moving all transport underground, and even glowing beaches. But the most noticeable thing about the project is the fact that the city will lie on a 100-mile line serviced by a hyperloop-style high speed train system.

But is it all it’s cracked up to be? Let’s take a look.

Here’s the link to NEOM’s official site: https://www.neom.com/en-us.

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