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Archive for the ‘economics’ category: Page 73

Jan 2, 2022

U.S. vs. China Rivalry Boosts Tech—and Tensions

Posted by in categories: economics, robotics/AI

Tang Jie, the Tsinghua University professor leading the Wu Dao project, said in a recent interview that the group built an even bigger, 100 trillion-parameter model in June, though it has not trained it to “convergence,” the point at which the model stops improving. “We just wanted to prove that we have the ability to do that,” Tang said.


Ironically, China is a competitor that the United States abetted. It’s well known that the U.S. consumer market fed China’s export engine, itself outfitted with U.S. machines, and led to the fastest-growing economy in the world since the 1980s. What’s less well-known is how a handful of technology companies transferred the know-how and trained the experts now giving the United States a run for its money in AI.

Blame Bill Gates, for one. In 1992, Gates led Microsoft into China’s fledgling software market. Six years later, he established Microsoft Research Asia, the company’s largest basic and applied computer-research institute outside the United States. People from that organization have gone on to found or lead many of China’s top technology institutions.

Continue reading “U.S. vs. China Rivalry Boosts Tech—and Tensions” »

Jan 1, 2022

2022: A Look Ahead

Posted by in categories: biotech/medical, economics

As we close out 2021 and ring in what we hope to be a bright and fulfilling year, it’s time to reflect on the trends that will likely shape the months that lie ahead of us. We live in a world experiencing major transformations and exponential trends, and we’re likely to see significant developments in the new year.

So what might those changes be? Here are a few of my predictions:

COVID slides into the background.

Continue reading “2022: A Look Ahead” »

Jan 1, 2022

Elon Musk’s Banner Year: Milestones on Earth and in Space

Posted by in categories: economics, Elon Musk, internet, space, sustainability

This year, billionaire CEO Elon Musk reached several milestones across Tesla, SpaceX and Starlink. WSJ reporters Rebecca Elliott and Micah Maidenberg break down some of his biggest moments in 2021 and what’s to come in 2022. Illustration: Tom Grillo.

In-Depth Features.

A global look at the economic and cultural forces shaping our world.

Dec 30, 2021

The World Ahead: the true costs of ageing | The Economist

Posted by in categories: economics, life extension

The rich world is ageing fast. How can societies afford the looming costs of caring for their growing elderly populations? film supported by @Mission Winnow.

00:00 The wealthy world is ageing.
01:17 Japan’s elderly population.
02:11 The problems of an ageing world.
04:01 Reinventing old age.
05:48 Unlocking the potential of older years.
07:09 Reforming social care.
08:20 A community-based approach.
11:08 A fundamental shift is needed.

Continue reading “The World Ahead: the true costs of ageing | The Economist” »

Dec 30, 2021

Introducing the Trivergence: Transformation driven by blockchain, AI and the IoT

Posted by in categories: blockchains, business, climatology, economics, finance, government, internet, robotics/AI, sustainability

Trivergence is starting to affect every industry. In financial services, the wallet has become a smart app that can collect data and learn. On a blockchain, users can exchange, save, borrow, invest and protect this digital money peer-to-peer without the intermediation of banks. In manufacturing, 3D printers are manufacturing aircraft parts in a Boeing facility with a blockchain network facilitating all the patented files, contracting and payments peer-to-peer. Telecommunications companies are no longer negotiating complex, costly and ever-changing roaming agreements, but using blockchain-based smart contracts among providers to automate the web of payments and settlement globally.

Over time, the Trivergence will usher in a next-generation internet where nearly every animate and inanimate object on Earth generates data, a distributed ledger records and secures this data and AI analyzes the data, communicates with the objects, alerts their owners and continuously adjusts and improves the efficiency of the economy and the sustainability of its effects on the environment.

New business models enabled by this Trivergence are beginning to disrupt many industries and provide platforms for innovation in the economy for decades ahead. This second era has weighty implications for every business, government and individual, as well as technology strategy, architecture and leadership. If we can overcome the dark side — and that’s a big “if” — this Trivergence helps us reclaim our digital identities, effectively fight climate change and help solve some of the world’s most intractable problems.

Dec 29, 2021

Egypt’s Space Agency Signs MoU with Ukrainian Space Agency

Posted by in categories: economics, government, space travel

The Egyptian Space Agency (EgSA) has signed a Memorandum of Understanding with the Ukrainian Space Agency. The parties signed the MoU for cooperation in space and the peaceful use of outer space for various purposes. The primary goal is to activate mechanisms for cooperation in space activities, research and exploration for peaceful purposes. The MoU also encourages exchanging knowledge and experience between the two countries and leveraging available human resources and techniques.

The Egyptian Space Agency and the Ukrainian Space Agency signed the MoU through Dr Mohammed Al-Qussi, the Egyptian Space Agency CEO and Mr Volodymyr Tavatai, Head of the Ukrainian State Space Agency. Furthermore, the signature was in the presence of Dr Rania Al-Mashat, Minister of International Cooperation, and His Excellency Yulia Sveredenko, First Deputy Prime Minister of Ukraine and Minister of Economic Development and Trade of Ukraine. The signature also came during the eighth session of the Egyptian-Ukrainian Government Committee.

Another aim the MoU intends to realise is enhancing and facilitating the exchange of visits and bilateral meetings and workshops in various research activities. It also seeks to promote the provision of training and raise the efficiency of Egyptian specialists. The MoU will also help EgSA build capacity in space project management, develop advanced manufacturing techniques for space applications, and other priority hubs for both sides.

Dec 28, 2021

Hyundai shuts down its engine development team amid focus on electric cars

Posted by in categories: economics, sustainability, transportation

Hyundai announced that it is shutting down its internal combustion engine development team as the automaker focuses on electric cars.

For 40 years the Korean automaker has been developing internal combustion engines to use in its vehicle lineup, but no more.

The Korea Economic Daily reports that Hyundai’s new R&D chief Park Chung-kook confirmed in an email to employees that they are shutting down new engine development:

Dec 26, 2021

Universal basic income is here—it just looks different from what you expected

Posted by in categories: economics, government

Any discussion on UBI eventually boils down to a question of belief in the nature of humans and the role of government. Most analysis further add wood to the fire by fueling these discussions instead of proposing valid alternatives which addresses these differences. It usually boils down to the classic question of handouts, who should pay for it, and why should we pay for it. Yet the answer lies right before our very eyes. The most valuable commodity today is data not oil or gold. Data wealth is a direct outcome of data diversity, data representation and data scale (i wrote a post on that recently which expands on that, if you’re interested). So, Instead of giving away our data for free to trickle-down techno believers (who may or may not give some of it back), pay me for it. I’ll fund my own income, thank you very much. Every human is unique. Therefore we are all data billionaires. This comment is a charitable contribution to the new data economy by the Marc O Principle; Things are not always as complex as they seem.

Dec 25, 2021

Cuba soars to near top of COVID vaccination charts on decades-old bet

Posted by in categories: biotech/medical, economics, health

How is Cuba’s one dose vaccine working 🤔


HAVANA, Dec 20 (Reuters) — Cuba has vaccinated more of its citizens against COVID-19 than most of the world’s largest and richest nations, a milestone that will make the poor, communist-run country a test case as the highly contagious Omicron variant begins to circle the globe.

The Caribbean island has vaccinated over 90% of its population with at least one dose, and 83% of the population is now fully inoculated, placing it second globally behind only the United Arab Emirates among countries of at least 1 million people, according to official statistics compiled by ‘Our World in Data.’

Continue reading “Cuba soars to near top of COVID vaccination charts on decades-old bet” »

Dec 23, 2021

With arrival of Intel, Europe to gain advanced chips

Posted by in categories: biotech/medical, computing, economics, mobile phones

Europe will soon produce a strategically vital component in the modern global economy as US semiconductor giant Intel chooses the site for a new cutting-edge chip factory.

Recent problems in global supply chains have highlighted the fundamental importance of semiconductors, which are used in a growing number of products including cars, TVs and smartphones.

Keen demand and the closure of semiconductor plants, particularly in Asia, due to pandemic disruptions led to a global chip shortage and forced car manufacturers such as Ford, Nissan and Volkswagen to scale back production.

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