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Archive for the ‘economics’ category: Page 198

Mar 8, 2016

Silicon Valley is broken and heading for social unrest, argues media theorist

Posted by in category: economics

Not good. Could this be one of the many reasons why so many are leaving SV and going to places like NY, Austin, Boston, etc.?


People are angry at Silicon Valley. In recent years, protestors have slashed the tires of buses hired to transport Google employees. They’ve occupied Airbnb’s headquarters and participated in worldwide demonstrations against Uber.

These tech titans stand accused of destroying industries and livelihoods, sucking up wealth for themselves while failing to distribute any wider benefits to the rest of us. And they’re guilty, according to media theorist Douglas Rushkoff, author of the forthcoming book Throwing Rocks at the Google Bus: How Growth became the Enemy of Prosperity. He argues that unless Silicon Valley’s fundamental model changes, we’re heading for mass social unrest.

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Mar 6, 2016

Artificial intelligence brings its brains and money to London

Posted by in categories: economics, robotics/AI

Following two big acquisitions by US tech companies of AI startups based in academia, the capital is emerging as a hub for young scientist-entrepreneurs.

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Mar 3, 2016

Cheap, simple technique turns seawater into drinking water

Posted by in categories: economics, sustainability

Researchers from the University of Alexandria have developed a cheaper, simpler and potentially cleaner way to turn seawater into drinking water than conventional methods.

This could have a huge impact on rural areas of the Middle East and North Africa, where access to clean water is a pressing issue if social stability and economic development is to improve.

Right now, desalinating seawater is the only viable way to provide water to growing populations, and large desalination plants are now a fact of life in Egypt and other Middle Eastern countries.

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Mar 2, 2016

Artificial Intelligence Risk — 12 Researchers Weigh in on the Danger’s of Smarter Machines

Posted by in categories: biotech/medical, economics, mobile phones, robotics/AI, security

A realistic article on AI — especially around AI being manipulated by others for their own gain which I have also identified as the real risks with AI.


Artificial intelligence (AI), once the seeming red-headed stepchild of the scientific community, has come a long way in the past two decades. Most of us have reconciled with the fact that we can’t live without our smartphones and Siri, and AI’s seemingly omnipotent nature has infiltrated the nearest and farthest corners of our lives, from robo-advisors on Wall Street and crime-spotting security cameras, to big data analysis by Google’s BigQuery and Watson’s entry into diagnostics in the medical field.

In many unforeseen ways, AI is helping to improve and make our lives more efficient, though the reverse degeneration of human economic and cultural structures is also a potential reality. The Future of Life Institute’s tagline sums it up in succinct fashion: “Technology is giving life the potential to flourish like never before…or to self-destruct.” Humans are the creators, but will we always have control of our revolutionary inventions?

To much of the general public, AI is AI is AI, but this is only part truth. Today, there are two primary strands of AI development — ANI (Artificial Narrow Intelligence) and AGI (Artificial General Intelligence). ANI is often termed “weak AI” and is “the expert” of the pair, using its intelligence to perform specific functions. Most of the technology with which we surround ourselves (including Siri) falls into the ANI bucket. AGI is the next generation of ANI, and it’s the type of AI behind dreams of building a machine that achieves human levels of consciousness.

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Mar 2, 2016

Why robots may not be coming for your job after all

Posted by in categories: economics, employment, robotics/AI

Matt O’Brien argues that we should look more carefully at the economy before panicking about robots taking our jobs.

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Feb 29, 2016

This AI tells you where to invest your money

Posted by in categories: economics, internet, robotics/AI

The Hong Kong startup can analyze websites and social media to take the Internet’s temperature.

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Feb 22, 2016

HTC Vive vs. Oculus Rift: What your money gets you

Posted by in categories: economics, virtual reality

The VR system from HTC and Valve comes with greater sticker shock, but also includes more stuff.

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Feb 21, 2016

China’s newest tech can offer quantum of security

Posted by in categories: cybercrime/malcode, economics, encryption, finance, quantum physics, security

Very concerning news for the US security; we’ll see how the US responds. Remember, our largest hackers in the US is China; so we’ll need to determine what this means as well as how vulnerable we are.

http://www.globaltimes.cn/content/969692.shtml


China’s stock markets have been stabilizing in recent days after the rollercoaster ride at the start of the year. And one bright point has been stocks related to quantum communications, showing renewed investor interest in the new technology, which will play an important role in creating a safety net for the increasingly information technology-savvy economy.

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Feb 20, 2016

Basic income may be needed to combat robot-induced unemployment, leading AI expert says

Posted by in categories: computing, economics, employment, robotics/AI

I do believe that there will be some level of expansion of social services to help employees to be retrained for the new positions that are coming as well as assist lower skill workers to be retrained. However, the larger question is who should pay. Some people are saying tech should assist governments in retooling since the AI technology created the situation; others say it’s a governments issue only, etc. It will be interesting to say the least how the retraining program and other services are covered.


A leading artificial intelligence (AI) expert believes that societies may have to consider issuing a basic income to all citizens, in order to combat the threat to jobs posed by increased automation in the workplace.

Dr Moshe Vardi, a computer science professor at Rice University in Texas, believes that a basic income may be needed in the future as advances in automation and AI put human workers out of jobs.

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Feb 16, 2016

How blockchain will save us from the perils of central bank price fixing

Posted by in categories: bitcoin, economics, finance, food

What will be interesting most about block chaining is when more countries drop their own traditional currency models & move to block chaining like one of the countries in Africa announced 2 weeks ago. I do know that many 2nd & 3rd world countries are finding electronic currency more appealing due to the Central Bank’s policies; however, what will be the impacts at the end of the day felt across the world as more and more 2nd & 3rd world markets switch their models. Immediately, we see risks with central banks; the question is where else (WBO, WTO, US, etc)


Many countries have experimented with price fixing and central planning over the last century. Right now, Venezuela’s government is fixing the prices of many products. This has resulted in widespread shortages of goods which we, as the lucky inhabitants of semi-free economies, take for granted.

Price fixing has failed in every area of the economy in which it has been tried. But while few serious economists would suggest that we have a team of bureaucrats set the price of rubber, wheat or coffee, we do have one sphere of the economy which is still centrally planned – our monetary system. This will fail just like all central planning fails. We are now moving into a dangerous new phase of price fixing by central banks. Having failed to stimulate economies with years of zero per cent interest rates, they are now discussing the prospect of negative interest rates (and some have even introduced them), the reductio ad absurdum of modern monetary economics.

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