Scientists have found the oldest, farthest monster black hole yet, one that grew to gargantuan proportions just 690 billion years after the Big Bang.
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Awesome!
A few months after demonstrating its dominance over the game of Go, DeepMind’s AlphaZero AI has trounced the world’s top-ranked chess engine—and it did so without any prior knowledge of the game and after just four hours of self-training.
AlphaZero is now the most dominant chess playing entity on the planet. In a one-on-one tournament against Stockfish 8, the reigning computer chess champion, the DeepMind-built system didn’t lose a single game, winning or drawing all of the 100 matches played.
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At the end of October, I delivered a keynote speech at the Cryptocurrency Expo in Dubai. That was just 5 weeks ago. When I left for the conference, Bitcoin was trading at $6,300/BTC. But in the next few weeks, it reached $10,000. Last week, I liquidated part of my investment at just under $13,000/BTC. Now, Bitcoin is about to cross $16,000. (I began writing this 10 minutes ago…but it has risen another $1600.00. Now, it is $17,000).
Dear Reader: I believe in Bitcoin. Yet, there is a “But” in the last paragraph below…
I believe in Bitcoin. Its rise is not fueled solely by investor hysteria. Rather, it is a product of delayed appreciation for a radical, transformative network technology.
In the mid 1970s, the microprocessor was spreading to every consumer gadget. It started a trend toward tools that added power and enjoyment to all facets of life. And they were quickly becoming faster, lower-power, lower-cost and more ubiquitous. If you understood the potential of the computer chip before mainstream investors, you couldn’t really invest directly in the microprocessor. After all, it is a platform improvement. But you could come very close—You might have invested in Intel, Fairchild or Texas Instruments.
Jump forward 20 years: In the mid 1990s, the Internet was spreading to every class of citizen and to all corners of the earth. But just as with a computer chip, you could own a web site, but you couldn’t own a piece of the internet’s market potential. You can’t invest in an idea, unless you are the inventor and you hold a patent.
But, 5, 6 and 7 years ago, many individuals saw the future. They understood that Bitcoin is transformative. They recognized that—contrary to popular misconception—Bitcoin is backed by something more tangible than dollars, Euros and Renminbi. More importantly, it exhibits the potential to become the global reserve currency. And it continues to do so, even as internal bickering threatens its utility as a consumer payment instrument. That’s because It diverts liquidity away from gold and national FIAT. Ultimately, it forces governments to be transparent and accountable to its citizens. This is further reinforced by rampant inflation in countries around the world and a growing list of trading partners who seek alternatives to the US dollar.
But, just like real estate, the supply of Bitcoin is capped. No one can produce more. It’s the math, stupid! Even if you only realized this one year ago, you still would have reaped a 2000% return on your investment as of this morning. (I am cherry-picking here, but Bitcoin had just crossed $630 on October 20 2016).
Let’s be clear: This is not a dot-com bubble or a 17th century Dutch tulip bulb mania. It is far more comparable to the 19th century California gold rush. The only frenzy is to acquire a functional instrument that is still trading for far below par value—but with the strange caveat that hoarding retards liquidity and the ‘functional’ adoption that we need to sustain long-term value.
The Bottom Line
In the grand scheme of things, Bitcoin is still undervalued—even at $17,000/BTC. It will fall and it will rise, but it will certainly be valued higher years from now.
…But, I must admit that this sudden and urgent race into outer space is a bit unsettling. From an investor perspective, it is not rational to leave when I recognize that the exuberance is rational. Yet, here we are at $17,000. I am taking some bitcoin off the table—A bit of bitcoin.
Philip Raymond co-chairs CRYPSA, publishes Wild Duck and hosts the New York Bitcoin Event. He is on the New Money Systems board and led the Cryptocurrency Expo in Dubai. He frequently consults and presents.
Mukherjee is now 47 and lives in New York; Marsh, 67, lives in Oxford. To different extents both of these doctors still practise in their respective fields – Mukherjee at Columbia University’s cancer centre, Marsh as a visiting doctor at various hospitals around the world, including in Kathmandu in Nepal. Both men have continued to write: Marsh a second volume of autobiography, called Admissions, published this year, and Mukherjee a study of genetics called The Gene: An Intimate History, published last year. When they sat down to talk to each other over Skype one Saturday afternoon in November, they began with a subject on which their two lifelong disciplines overlap: the treatment of brain cancer.
The cancer specialist and the neurosurgeon talk about treating cancer, writing and facing death in their own families by Tom Lamont.
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There are a lot of people in the world that need glasses on a daily basis. Despite their often expensive price tag, they do little more than correct poor eyesight. Let Glass updates glasses for the 21st century by integrating them with smart home connectivity.
While maintaining a slim form factor, Let Glass features audio entertainment, telephone communication, and voice interaction. Using Alexa and a built-in microphone, these frames allow users to control their smartphones without fumbling through their pockets. Simply tapping the legs of the smart glasses activate remote control functions, while voice commands handle everything else. In addition to Amazon Alexa, Apple Siri and Google Now are also supported.
Keeping with a traditional appearance, audio is produced using bone conduction technology. Instead of a speaker, the glasses vibrate the small bones in the ear to produce sound. This also keeps ears open to other noises, ensuring users remain aware of their surroundings. This allows users to listen to music, track activity, use voice navigation, call a friend, and more.
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Yes.
Physicists in the QUTIS Quantum Biomimetics and Quantum Artificial Life research group at the Department of Physical Chemistry, University of the Basque Country in Spain have harnessed the unprecedented power of the IBM Q Cloud Quantum Computer —recently made available for public use ( IBM makes 20 qubit quantum computing machine available as a cloud service) —to reproduce the hallmark features of Darwinian life and evolution in microscopic quantum systems, proving they can efficiently encode quantum features and biological behaviors that are usually associated with living systems and natural selection.
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A team at MIT has genetically modified bacteria cells and developed a new 3D printing technique to create a “living tattoo” that can respond to a variety of stimuli.
Electronic tattoos and smart ink technologies are showing exciting potential for reframing how we think of wearable sensor devices. While many engineers are experimenting with a variety of responsive materials the MIT team wondered if live cells could be co-opted into a functional use.
The first step was to look at what organic cells could be utilized, and it turned out that the strong cell walls of bacteria were the best target for use as they could survive the force of a 3D printer’s nozzle. Bacteria also proved to be perfectly compatible with the hydrogels needed for accurate 3D printing.
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In the mid-1900s, art historian Maurits Michel van Dantzig developed a system to identify artists by their brush or pen strokes, which he called Pictology. Dantzig found shape, length, direction, and pressure all contributed to a kind of stroke signature, unique to each artist.
New research with contributions from The Hague suggests that Pictology might be the key to helping machines understand art, allowing systems to quickly verify whether brushstrokes were from an original painter or a forger.
After analyzing 80,000 brushstrokes from 297 digitized sketches and drawings, an AI system was able to spot forged drawings in the style of Pablo Picasso, Henri Matisse, and Egon Schiele with 100% accuracy. The “fakes” were commissioned recreations of specific drawings, which the algorithms had not been shown previously.
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An Interview with Jennifer Gidley
by Tracey Follows, Founder/Director of the Female Futures Bureau
Jennifer Gidley is a former President of the World Futures Studies Federation (2009−2017), a UNESCO and UN partner and global peak body for futures studies scholarship, she led a network of hundreds of world leading futures scholars and researchers from around the globe. An adjunct Professor at the Institute for Sustainable Futures, UTS in Sydney, futurist, author, psychologist and educator, Jennifer is a prolific author of dozens of academic papers, serves on several academic boards, and most recently authored Postformal Education: A Philosophy for Complex Futures (Springer, 2016) & The Future: A Very Short Introduction (Oxford, 2017).
Tracey: I spoke to Jennifer about her perspective on Female Futures.
One of the issues we discuss a lot at The Female Futures Bureau is why more female futurists don’t have a higher profile. And Jennifer agrees that it’s not because they aren’t around:
“I actually believe there are a large number of female futurists globally, and probably always have been. I would suggest that there are as many women involved in futures studies and foresight work as there are men…”