Lifeboat Foundation

(Bloomberg) — China is speeding up efforts to design and build a manned deep-sea platform to help it hunt for minerals in the South China Sea, one that may also serve a military purpose in the disputed waters.

Such an oceanic “space station” would be located as much as 3,000 meters (9,800 feet) below the surface, according to a recent Science Ministry presentation viewed by Bloomberg. The project was mentioned in China’s current five-year economic plan released in March and ranked number two on a list of the top 100 science and technology priorities.

Authorities recently examined the implementation of the project and decided to accelerate the process, according to the presentation.

China has been on a shopping tour of Germany, splurging on a string of key industrial companies in the past few weeks as Beijing moves to acquire the country’s fabled technological know-how and turn its own products into global brands.

But resistance to the offensive is growing following a 5 billion euro ($7.7 billion) bid last month by Chinese home appliance group Midea for leading German industrial robot maker Kuka.

The size of the play set alarm bells ringing across the business and political establishment of Europe’s biggest economy.

Continue reading “China embarks on tech shopping spree for German robots and pianos” »

Here’s a short video and story from CCTV America (China’s Public TV in America) from my interview at the Augmented World Expo. I discuss robots, the Immortality Bus, and a Universal Basic Income:

CCTV America’s Mark Niu interviewed Zoltan Istvan, the founder of the Transhumanist Party and a 2016 candidate for the U.S. presidency. He asked Istvan one more question about his “immortality bus” and whether robots will take over our jobs.

Interesting twist; wonder how many tax dollars paid for the experts?

There is a bitter truth for economists, as well as professionals in other areas. Non-experts are typically better at forecasting future trends than experts.

It has been argued that economists should be historians rather than meteorologists and many years before the recent economic crash, John Kenneth Galbraith, the late Harvard economist, joked: “The only function of economic forecasting is to make astrology look respectable.”

Continue reading “Non-experts typically better at forecasting future than experts” »

Activists pose on top of a giant poster reading “What would you do if your income was taken care of?”, setting the Guinness World Record for the largest poster ever printed, on May 14, 2016 in Plainpalais place in Geneva. A campaign group backing an unconditional minimum income in Switzerland set a Guinness Record for the world’s largest poster on May 14, seeking to rally support for the controversial idea ahead of a referendum next month. The record breaking 8,115 square metre (87,350 square feet) poster was made with a series of massive black plastic sheets, with the words “What would you do if your income was taken of” written in gold lettering. (FABRICE COFFRINI/AFP/Getty Images)

“Seven out of 10 voters fully expect another referendum in Switzerland, and the beginning of a necessary national conversation.”

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A new wave of Chinese outbound investment has arrived in Israel, led by a younger generation of Chinese investors and entrepreneurs. This generation is more technology savvy than its predecessors, more focused on innovation, and will have a deep and lasting impact on Israel’s startup ecosystem.

Earlier waves of Chinese international investment were focused on manufacturing, natural resources and infrastructure. They were dominated by state-backed enterprises targeting large-scale projects and companies, often in Africa and frontier economies. Now, with outbound investment led by entrepreneurial investors who are digital natives, the emphasis is changing, and that is where Israel stands to benefit.

This generation is characterized by technology pioneers such as Alibaba, Baidu, Huawei, Kuang-Chi and Xiaomi, among the world’s most successful tech companies, on par with Western counterparts such as Amazon, Cisco and Samsung. What they see in Israel is an unmatched opportunity to learn and benefit from the unique Israeli technology ecosystem that is fast, dynamic, and lean.

Continue reading “China’s New Generation Sets Its Sights on Israel” »

On May 11, 2016, the Berggruen Philosophy and Culture Center invited Yuval Noah Harari, a professor of history at Hebrew University of Jerusalem and author of the international bestseller “Sapiens: A Brief History of Humankind,” to deliver a talk on “The New Inequalities” at Tsinghua University in Beijing. Prior to the talk, Harari was interviewed by BPPC director Daniel A. Bell. This is an edited transcript of the interview.

You argue in your book that material progress, for example in the agriculture revolution and industrial capitalism doesn’t necessarily contribute to human happiness. In fact, it may lead to the opposite. Can you elaborate on that?

Until the middle of the 19th century there was a complete lack of correlation between material progress and the well-being of individual humans. For thousands of years until about 1850 you see humans accumulating more and more power by the invention of new technologies and by new systems of organization in the economy and in politics, but you don’t see any real improvement in the well-being of the average person. If you are the emperor of China, then obviously you’re much better off. But if you’re an average Chinese peasant in 1850, it’s very, very hard to say that your life is any better than the life of hunter-gatherers in the Yangtze Valley 20,000 years ago. You work much harder than them, your diet is worse, you suffer far more from infectious diseases, and you suffer far more from social inequality and economic exploitation.

Continue reading “Historian: When Computers and Biology Converge, Organisms Become Algorithms” »

Today is the day Switzerland voted on the idea of an unconditional basic income. It is a first. It is historic. It is direct democracy in action.

As I write this here from inside the campaign headquarters in Basel, Switzerland, the polls are still open and people are still voting, but as soon as they close, I will publish this and update it throughout the day with results as they come in and also the results of a representative survey that questioned Swiss voters in detail about how they feel about basic income now.

For those who wish to follow what’s going on throughout the day on video, here is the livestream. Yes, it’s in German. No, there is not an alternate version where they’re all speaking English.

Continue reading “Latest update: (1:26 PM) Estimates now show that perhaps 22% of Switzerland voted YES. — Basic income” »

Market forces often produce strange quirks in the economic system, like the one we’re seeing in Chile this year: the country is producing so much solar power that it’s being sold for… nothing at all.

While it’s incredibly encouraging to see so much expansion in the country’s renewable energy output, this huge amount of supply does actually cause problems for the companies looking to invest in solar energy.

Solar capacity on Chile’s central power grid (called SIC or Sistema Interconectado Central) has more than quadrupled over the past three years to 770 megawatts – good news for the environment and customers paying their electricity bills.

Continue reading “Chile is producing so much solar power, it’s giving it away for free” »