Toggle light / dark theme

Saudi Arabia could save some $200 billion over the next ten years by switching from crude oil to natural gas and renewables for electricity production, Reuters reports, citing the Kingdom’s Finance Minister.

“Instead of buying fuel from the international markets at $60 and then selling it at $6 for Saudi utilities, or using some of our quota in OPEC to sell at $6, we’re going to actually displace at least 1 million barrels a day of oil equivalent in the next 10 years and replace it with gas and renewables,” Mohammed al-Jadaan said.

OPEC’s largest oil producer and world’s largest exporter of crude is on a desperate quest to reduce its dependence on oil revenues by diversifying its economy away from the flagship export stock. Earlier this year, Crown Prince Mohammed, who appears to be the de facto ruler of Saudi Arabia, announced yet another investment program with a view to this diversification that he said would “unlock new local investments valued at SAR 5 Trillion through the end of 2030.”

**Space Renaissance International (SRI) Medici Fund** is happy to announce that, due to the generosity of our Education Sponsors, we are able to award a few **prizes and grants for students** of any age, interested to space settlement, exploration and civilian development. Three programmes are now open to applicants, in the frame of the **2021 Space Renaissance Congress “The Civilian Space Development”**.

The 3° SRI World Congress (SRIC3) will take place in a virtual format and will provide attendees with cutting-edge developments in Space Settlement & Exploration, Human Rights, Ethics, Policies, Engineering, Entrepreneurship, Energy, Economics and Education from leaders in their respective fields. Experts in research and industry will present the emerging technologies and future directions in their field. Students at all ages, who are interested in Space Science, Technology, Philosophy, Economy, Policy, Law, Art, are warmly encouraged to participate to the 2021 Space Renaissance Congress. Please visit this link to apply to any of the Student Sponsored Programmes: https://2021.spacerenaissance.space/index.php/students-sponsored-programs/

Are we gonna get paid just to live in an automated world?


We may need to pay people just to live in an automated world, says Elon Musk. He reckons the robot revolution is inevitable and it’s going to take all the jobs.

For humans to survive in an automated world, he said that governments are going to be forced to bring in a universal basic income—paying each citizen a certain amount of money so they can afford to survive. According to Musk, there aren’t likely to be any other options.

“There is a pretty good chance we end up with a universal basic income, or something like that, due to automation,” he told CNBC in an interview. “Yeah, I am not sure what else one would do. I think that is what would happen.”

The idea behind universal basic income is to replace all the different sources of welfare, which are hard to administer and come with policing costs. Instead, the government gives everyone a lump sum each month—the size of which would vary depending on political beliefs—and they can spend it however they want.

AI systems can lead to race or gender discrimination.


The US Federal Trade Commission has warned companies against using biased artificial intelligence, saying they may break consumer protection laws. A new blog post notes that AI tools can reflect “troubling” racial and gender biases. If those tools are applied in areas like housing or employment, falsely advertised as unbiased, or trained on data that is gathered deceptively, the agency says it could intervene.

“In a rush to embrace new technology, be careful not to overpromise what your algorithm can deliver,” writes FTC attorney Elisa Jillson — particularly when promising decisions that don’t reflect racial or gender bias. “The result may be deception, discrimination — and an FTC law enforcement action.”

As Protocol points out, FTC chair Rebecca Slaughter recently called algorithm-based bias “an economic justice issue.” Slaughter and Jillson both mention that companies could be prosecuted under the Equal Credit Opportunity Act or the Fair Credit Reporting Act for biased and unfair AI-powered decisions, and unfair and deceptive practices could also fall under Section 5 of the FTC Act.

Making Kazakhstan Green Again — Mr. Arman Kashkinbekov, Honorary CEO and Board Member, Association of Renewable Energy of Kazakhstan — Director, International Snow Leopard Foundation.


Mr. Arman Kashkinbekov, is the honorary CEO and board member, Association of Renewable Energy of Kazakhstan and Deputy Chairman of the Board, International Centre for Green Technologies and Investment Projects (Kazakhstan).

With a bachelor’s degree from Karaganda University, in International Economic Relations, and a master’s degree in economics from Vanderbilt University, Mr. Kashkinbekov also studied at the Norwegian Petroleum Directorate and the Kazakhstan-Japan Development Center.

Mr. Kashkinbekov has broad experience in the oil & gas and mining industries, including roles as senior manager at NC KazMunayGas, deputy country manager at ConocoPhillips, executive director at KazEnergy, general manager at Rolls-Royce Energy, and deputy CEO at ArcelorMittal Temirtau.

Mr. Kashkinbekov also worked as president of KazInvest, head of international affairs at the Sovereign Wealth Fund, Samruk-Kazyna, adviser to chairman of the board at NC KazAutoZhol, and director of the foreign Investor’s Council chaired by the President of Kazakhstan.

Total semiconductor shipments including shipments of ICs as well as optoelectronics, sensor/actuator and discrete (O-S-D) devices are forecast to rise 13% to a record high of 1.135 trillion units in 2021, according to IC Insights. It would mark the third time that semiconductor units have surpassed one trillion units in a calendar year — the first time being in 2018.

The 13% increase follows a 3% increase in 2020 as the COVID-19 pandemic was wreaking havoc across many segments of the economy, IC Insights indicated. From 1978, when 32.6 billion units were shipped, through 2021, the compound annual growth rate (CAGR) for semiconductor units is forecast to be 8.6%. The strong CAGR also demonstrates that new market drivers continue to emerge that fuel demand for more semiconductors.

Between 2004 and 2007, semiconductor shipments broke through the 400-, 500-, and 600-billion unit levels before the global financial meltdown led to a steep decline in semiconductor shipments in 2008 and 2009. Unit growth rebounded sharply in 2010 with a 25% increase and surpassed 700 billion devices that year. Another strong increase in 2017 (12% growth) lifted semiconductor unit shipments beyond the 900-billion level before the one-trillion mark was surpassed in 2018, IC Insights said.

I found your rocket … Kyle Foreman, a spokesman for the sheriff’s office, told GeekWire that the property owner left a message reporting the debris. “The sheriff’s office checked it out on Monday, and SpaceX staff came over on Tuesday and retrieved it,” Foreman said. SpaceX has yet to detail precisely what went wrong with the Falcon 9 rocket’s second stage, such that it failed to de-orbit in a controlled manner over the ocean. Fortunately, no one on the ground was injured. (submitted by Ken the Bin)

Brazilian launch site stirs controversy. The Brazilian government is committed to further developing the Alc ntara Launch Center on the country’s north Atlantic coast, near the equator. However, the region is also home to Afro-Brazilian residents of settlements first established by escaped slaves. These settlements are known as Quilombola communities. The Washington Post recently did a deep dive into the controversy, examining how eviction of these communities would affect local residents. The newspaper found that the spaceport expansion could displace nearly 2100 people from Quilombola communities.

Brazil’s polarizing dilemma … Marcos Pontes, head of the Brazilian Ministry of Science, Technology and Innovation, said there are no plans to relocate families “right now.” And if the time comes to remove people, he predicted, they will go willingly. “They are going to see development coming in, real development,” he said. “All of the resistance, that is going to be gradually disappearing.” This seems unlikely. The clash is the distillation of one of Brazil’s most urgent and polarizing dramas, the publication says. What is more important: developing a vast country with unrealized potential and a lagging economy? Or protecting some of its most vulnerable communities?

In a recent paper, Bell argues that the principles of Mario Kart—especially the parts of it that make it so addictive and fun for players—can serve as a helpful guide to create more equitable social and economic programs that would better serve farmers in low-resource, rural regions of the developing world. That’s because, even when you’re doing horribly in Mario Kart—flying off the side of Rainbow Road, for example—the game is designed to keep you in the race.

“Farming is an awful thing to have to do if you don’t want to be a farmer,” Bell says. “You have to be an entrepreneur, you have to be an agronomist, put in a bunch of labor…and in so many parts of the world people are farmers because their parents are farmers and those are the assets and options they had.” This is a common story that Bell has come across many times during research trips to Pakistan, Bangladesh, Cambodia, Malawi, and other countries in southern Africa, and is what largely inspired him to focus his research on policies that could aid in development.

In his new paper, Bell argues that policies that directly provide assistance to farmers in the world’s poorest developing regions could help reduce poverty overall, while increasing sustainable and environmentally friendly practices. Bell says the idea is a lot like the way that Mario Kart gives players falling behind in the race the best power-ups, designed to bump them towards the front of the pack and keep them in the race. Meanwhile, faster players in the front don’t get these same boosts, and instead typically get weaker powers, such as banana peels to trip up a racer behind them or an ink splat to disrupt the other players’ screens. This boosting principle is called “rubber banding,” and it’s what keeps the game fun and interesting, Bell says, since there is always a chance for you to get ahead.

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.