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Archive for the ‘economics’ category: Page 186

Sep 7, 2016

How robots, drones and artificial intelligence will change everything

Posted by in categories: biotech/medical, drones, economics, food, media & arts, robotics/AI, virtual reality

Silicon Valley, or the Greater Bay Area, is the 18th largest economy in the world, more than half the size of Canada’s economy and bigger than Switzerland, Saudi Arabia or Turkey. This is because the region has become the world leader in research and development of emerging technologies such as artificial intelligence, robotics, software and virtual reality.

“Software is eating the world,” said Silicon Valley investor Marc Andreessen famously in 2011. It was controversial but prescient.

Five years later, software-driven machines and drones perform surgery, write news stories, compose music, translate, analyze, wage war, guard, listen, speak and entertain. The world’s biggest box office hits — animated films such as “Frozen” or special effects in Hollywood blockbusters like “Star Wars” — are made using software.

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Sep 6, 2016

Entering the Final Days of the SENS Universal Cancer Treatment Fundraiser

Posted by in categories: biotech/medical, economics, life extension

For cancer research, meanwhile, the situation is more akin to an economic revolution, or disruptive advance in technology. Because all cancers must lengthen their telomeres, and because telomere lengthening is governed by a small number of processes, there is the opportunity to change the focus of cancer research from an endless procession of expensive new therapies, each targeting a tiny number of the hundreds of subtypes of cancer, to one single therapy that can effectively suppress all cancers.


The last few days have arrived for this year’s SENS Research Foundation crowdfunding campaign, focused on important groundwork to establish a universal therapy for all types of cancer. There are still a few thousand dollars left in the matching fund, so donations are still being matched. Cancer is just as much a part of aging that must be ended, brought completely under control, as all of the other line items in the SENS rejuvenation research portfolio, and this year is the first time that the SENS Research Foundation has run a fundraiser for this program.

Hopefully there is no need to remind the audience here that the SENS Research Foundation, and important ally the Methuselah Foundation, have in recent years achieved great progress in the field of rejuvenation research on the basis of our donations and our support. Some of the high points you’ll find mentioned here and there at Fight Aging!: support and ongoing expansion of the mitochondrial repair technologies now under development at Gensight; seed funding Oisin Biotechnologies for senescent cell clearance; unblocking efforts to clear glucosepane cross-links that stiffen tissues; running the lauded Rejuvenation Biotechnology conferences; and many more. If only all charities produced as great an impact with as few resources — and if only we were further along in the bootstrapping of an industry focused on the development of rejuvenation therapies.

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Sep 5, 2016

Thousands to Receive Basic Income in Finland

Posted by in categories: economics, employment

Over the course of the next year, Finland is putting Universal Basic Income to the test. Thousands of individuals are going to be getting a basic income to trial (what could be) the economics of the future.

The views and opinions expressed are solely those of the author. They do not necessarily represent the views of Futurism or its affiliates.

Finland is about to launch an experiment in which a randomly selected group of 2,000–3,000 citizens already on unemployment benefits will begin to receive a monthly basic income of 560 euros (approx. $600). That basic income will replace their existing benefits. The amount is the same as the current guaranteed minimum level of Finnish social security support. The pilot study, running for two years in 2017–2018, aims to assess whether basic income can help reduce poverty, social exclusion, and bureaucracy, while increasing the employment rate.

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Sep 5, 2016

Artificial intelligence wants to be your bro, not your foe

Posted by in categories: computing, economics, education, employment, policy, robotics/AI, surveillance, transportation

The odds that artificial intelligence will enslave or eliminate humankind within the next decade or so are thankfully slim. So concludes a major report from Stanford University on the social and economic implications of artificial intelligence.

At the same time, however, the report concludes that AI looks certain to upend huge aspects of everyday life, from employment and education to transportation and entertainment. More than 20 leaders in the fields of AI, computer science, and robotics coauthored the report. The analysis is significant because the public alarm over the impact of AI threatens to shape public policy and corporate decisions.

It predicts that automated trucks, flying vehicles, and personal robots will be commonplace by 2030, but cautions that remaining technical obstacles will limit such technologies to certain niches. It also warns that the social and ethical implications of advances in AI, such as the potential for unemployment in certain areas and likely erosions of privacy driven by new forms of surveillance and data mining, will need to be open to discussion and debate.

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Sep 4, 2016

‘Abolish artificial scarcity’: @KevinCarson1

Posted by in categories: disruptive technology, economics, futurism, government, hacking, hardware, policy, transhumanism

Predicting an economic “singularity” approaching, Kevin Carson from the Center for a Stateless Society writes in The Homebrew Industrial Revolution (2010) we can look forward to a vibrant “alternative economy” driven less and less by corporate and state leviathans.

According to Carson, “the more technical advances lower the capital outlays and overhead for production in the informal economy, the more the economic calculus is shifted” (p. 357). While this sums up the message of the book and its relevance to advocates of open existing and emerging technologies, the analysis Carson offers to reach his conclusions is extensive and sophisticated.

With the technology of individual creativity expanding constantly, the analysis goes, “increasing competition, easy diffusion of new technology and technique, and increasing transparency of cost structure will – between them – arbitrage the rate of profit to virtually zero and squeeze artificial scarcity rents” (p. 346).

An unrivalled champion of arguments against “intellectual property”, the author believes IP to be nothing more than a last-ditch attempt by talentless corporations to continue making profit at the expensive of true creators and scientists (p. 114–129). The view has significant merit.

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Aug 31, 2016

Welcome to the digital health revolution

Posted by in categories: biotech/medical, computing, economics, government, health, information science

Blended Reality is a versatile concept that can be extended from the physical and digital worlds to the chemical and biological world. In the convergence of healthcare diagnostics and digital health, it can play a fundamental role: the transformation of human biology, real-world parameters into digital data to obtain contextual health information and enable personalized drug treatments. The fusion of microfluidics, edge computing and commercial mobility with diagnostics, digital health, big data, precision medicine, and theranostics will disrupt existing, established structures in our healthcare system. This will allow new models of partnerships among technology and pharmaceutical industries (see fig. 1).

From the very beginning of mankind, healthcare was purely empirical and mostly a combination of empirical and spiritual skills. While access to cures was exclusive and very limited, the success rate was not very high in most cases. During the Renaissance a systematic exploration of natural phenomena and physiology laid the scientific foundation of modern medicine. A real breakthrough in quality and access to healthcare services has taken place in the past 150 years as an aftermath of the Industrial Revolution. It brought significant advances in science as well as societal changes: expanding government-granted access to the establishing working classes as the main human capital of the industrialization process in the Western Hemisphere. Keeping a business employees healthy became an indispensable prerequisite to increasing the national economic output and well-being on a societal level.

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Aug 30, 2016

Statement by Vice-President Ansip and Commissioner Oettinger welcoming guidelines on EU net neutrality rules by the Body of European Regulators for Electronic Communications (BEREC)

Posted by in categories: business, economics, internet, law, transportation

European Commission Vice -President Andrus Ansip, responsible for the Digital Single Market, and Commissioner Günther H. Oettinger, in charge of the Digital Economy and Society, welcome today’s publication of guidelines on EU net neutrality rules by the Body of European Regulators for Electronic Communications (BEREC). The publication of these guidelines was foreseen in the Regulation on the first EU-wide net neutrality rules which was agreed by the European Parliament and Council last year (press release) and which has applied in all EU Member States since 30 April 2016. The Commission has worked closely with BEREC on the preparation of the guidelines.

Vice-President Ansip and Commissioner Oettinger said:

“Today’s guidelines provide detailed guidance for the consistent application of our net neutrality rules by national regulators across the EU. They do not alter the content of the rules in place which guarantee the freedom of the internet by protecting the right of every European to access internet content, applications and services without unjustified interference or discrimination. Our rules, and today’s guidelines, avoid fragmentation in the single market, create legal certainty for businesses and make it easier for them to work across border. They also ensure that the internet remains an engine for innovation and that advanced technologies and Internet of Things services like connected vehicles as well as 5G applications are developed today, and will flourish in the future. We are pleased with the intensive engagement with stakeholders in the preparation of the guidelines, which contributed to their quality.

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Aug 29, 2016

Universal basic income wouldn’t make people lazy–it would change the nature of work

Posted by in categories: economics, employment, government

Americans believe in the importance of a good day’s work. And so it’s understandable that the prospect of a universal basic income (UBI), in which the government would issue checks to cover the basic costs of living, rubs some people the wrong way. Writing in The Week in 2014, Pascal-Emmanuel Gobry envisions a UBI dystopia in which “millions of people” are “listing away in socially destructive idleness,” with “the consequences of this lost productivity reverberating throughout the society in lower growth and, probably, lower employment.”

This is a reasonable concern. After all, the most successful anti-poverty programs in the US thus far, such as the Earned Income Tax Credit, have been carefully designed to promote work –not enable people to avoid it. But based on the evidence we have so far, there’s little reason to believe that a UBI would lead people to abandon work in droves. And even if some people did indeed opt to give up their day jobs, society might wind up reaping untold rewards from their free time in the long run.

Back in the 1960s and 1970s, the US and Canada were seriously considering the possibility of instating a UBI. During that time, the US government commissioned a series of experiments across six states to study the effects of guaranteed income, particularly its effects on work. The Canadian government introduced a similar experiment in the town of Dauphin.

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Aug 29, 2016

China using Technology over Nature: Weather Modification Office

Posted by in categories: climatology, economics, energy, finance, food

China has always been a frontrunner, especially in technological advancements. The country has engaged itself in increasingly audacious and ambitious projects. It is, therefore, no astonishment in calling China, ‘the rising power’.China has established Weather Modification Offices, that enables in manipulating weather using technology. The offices are a network of dedicated units that help in changing the weather throughout China. 55 billion tons of rain is created by China every year, making the country the largest cloud seeder on earth.

China has found the urge to manipulate weather mainly because of the extreme climate it experiences. The region has heavy downpour in rainy season while it suffers from drought in summers. Dust and sand storms are common in springtime. Moreover, given the fact that China has the largest population, it cannot afford to rely on climate. Most importantly, for agriculture. China found the only hope in technology in the manipulating weather for accruing benefits.

Weather modification offices require huge financial resources, human capital and weaponry. It is no wonder that China has spent millions of money on weather modification process. It has spent $150 million on single regional artificial rain program. China has escaped $10.4 billion dollars economic losses by employing weather modification system from 2002 to 2012. Over 35000 people have been employed to carry out this project. About 12000 rocket launchers are being used to fire pellets containing silver iodide into the clouds.

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Aug 27, 2016

SpaceX’s biggest rival is developing “space trucks” to ferry cargo in an orbital economy

Posted by in categories: business, economics, Elon Musk, military, space travel

The big kahuna of American rocket companies is the United Launch Alliance, a joint venture of Boeing and Lockheed Martin that until this year held a monopoly on the lucrative business of launching rockets for the US Air Force.

But that monopoly is no more. The company faces a new era of competition as Elon Musk’s maturing SpaceX aims to fly more space missions in one year than ULA does, and as Jeff Bezos’ Blue Origin breaks ground on a new factory for orbital rockets.

ULA, for its part, isn’t sitting still. “I came here to transform the company, position it in this new competitive marketplace with all these different players,” says Tony Bruno, who took the CEO job at ULA in August 2014 after a three-decade career in Lockheed’s missile-defense business. In his first full year in charge, ULA returned more than $400 million in operating profits to its two owners, but the company must prepare for when its final no-bid launch contract expires in 2019.

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