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Archive for the ‘economics’ category: Page 2

Sep 1, 2024

What Are the Causes of Human Progress?

Posted by in categories: economics, innovation

Summary: Human progress requires a culture of openness to change and innovation, which historically has been rare and resisted by established elites. Periods of remarkable achievement, like that seen in Enlightenment Europe, occurred when societies embraced new ideas and allowed for intellectual and economic freedom. The key to sustained progress lies in maintaining a culture of optimism and a politico-economic system that encourages innovation rather than suppressing it.

To make progress, we must do something differently from what we did yesterday, and we must do it faster, better, or with less effort. To accomplish that, we innovate, and we imitate. That takes a certain openness to surprises, and that openness is rare. It is difficult to come up with something that never existed. It’s also dangerous, since most innovations fail.

If you live close to subsistence level, you don’t have a margin for error. So, if someone wants to hunt in a new way or experiment with a new crop, it is not necessarily popular. There is a reason why most historical societies that came up with a way of sustaining themselves tried to stick to that recipe and considered innovators troublemakers.

Aug 31, 2024

Nuclear reactors a mile underground promise safe, cheap power

Posted by in categories: economics, nuclear energy

Startup Deep Fission has come up with a new way to deal with the economic and safety problems of nuclear power that is, to say the least, novel. The idea is to build a reactor that’s under 30 inches (76 cm) wide and stick it down a mile-deep (1.6-km) drill shaft.

With its promise of limitless energy by breaking down matter itself, nuclear power has long held a utopian promise for humanity. However, economic and safety considerations, along with political opposition, have hindered its development – especially in the very countries that developed the technology.

The safety and economic factors are related because the high cost of building nuclear power stations has very little to do with the nuclear technology itself. Nuclear fuel, even with all the processing costs included, only comes to about US$1,663 per kilogram (2.2 lb). Because nuclear fuel has such an incredible energy density, that’s about 0.46 ¢/kWh – and the fuel costs keep dropping as the technology becomes more efficient.

Aug 28, 2024

Scientists develop DMG equalization strategy via femtosecond laser micromachining induced refractive index tailoring

Posted by in categories: economics, internet, virtual reality

Optical fiber, as a physical medium for information transmission, is the “highway” of modern economic and social development. However, with the continuous emergence of high-speed and high-capacity communication scenarios such as virtual reality, 5G, intelligent driving, and the Internet of Things (IoT), there is an upper limit to the communication capacity (traffic flow) of the traditional single-mode fiber-optic communication system (highway).

Aug 28, 2024

Unitree’s $16K Humanoid Robot Leaps Toward Production

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

The cost effectiveness of bots is key to the magnitude of impact of the Economic Singularity. Watch this cheap bot as companies find profitable use cases and unemployment rises.


Unitree unveiled a new video of its G1 robot performing acrobatic feats, as part of its lead up to production.

Aug 25, 2024

Skyfire launches to let autonomous AI agents spend money on your behalf

Posted by in categories: economics, robotics/AI

Skyfire claims it is offering the world’s first payment network designed to support fully autonomous transactions across AI agents, large language models (LLMs), data platforms and various service providers.

This development marks a significant step toward creating a new global economy where AI agents can function as independent economic actors, capable of making and receiving payments without human intervention.

“We really see that next million users for a lot of these [vendor] companies coming from AI agents being the customer,” said Sarhangi.

Aug 12, 2024

American Science is in Dangerous Decline while Chinese Research Surges, Experts Warn

Posted by in categories: economics, science, security

A very dangerous position to be in the world community of scientist should gather in agreement those friendly to the values and principles of democracy to advance science for the good humanity and freedom.


The U.S. sorely needs a coordinated national research strategy, says Marcia McNutt, president of the U.S. National Academy of Sciences.

By Saima S. Iqbal

Continue reading “American Science is in Dangerous Decline while Chinese Research Surges, Experts Warn” »

Aug 6, 2024

What happened to the artificial-intelligence revolution?

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

In time, businesses may wake up to the true potential of artificial intelligence. But if worries grow, big tech’s spending plans will start to look as extravagant as its valuations.


So far the technology has had almost no economic impact.

Aug 6, 2024

Earthly Innovations From Outer Space: The Cosmic Impact On Industries

Posted by in categories: business, economics, solar power, space, sustainability

Space-based solar power, an innovative concept that involves capturing solar energy in space and transmitting it to Earth, offers limitless opportunities in system design, manufacturing and deployment. This technology has the potential to revolutionize the energy industry, addressing global clean energy demands while minimizing environmental impact.

The availability of space resources, such as asteroid mining and lunar regolith utilization, presents opportunities for companies that invest in technologies and techniques to extract and process these resources, including precious metals, water and rare minerals.

The importance of continued investment in space exploration cannot be overstated. As space technology advances, businesses must consider potential applications in their industries. Collaboration between space agencies and private companies is key to driving innovation and economic growth, offering countless opportunities for the future.

Aug 3, 2024

NVIDIA Accelerating the Future of AI & Humanoid Robots

Posted by in categories: economics, robotics/AI, singularity, supercomputing, virtual reality

And this shows one of the many ways in which the Economic Singularity is rushing at us. The 🦾🤖 Bots are coming soon to a job near you.


NVIDIA unveiled a suite of services, models, and computing platforms designed to accelerate the development of humanoid robots globally. Key highlights include:

Continue reading “NVIDIA Accelerating the Future of AI & Humanoid Robots” »

Aug 2, 2024

Cedar Park gets first-of-kind state certification to bring more tech jobs to area

Posted by in categories: economics, employment, virtual reality

CEDAR PARK, Texas (KXAN) — Cedar Park is now home to a first-of-its-kind distinction in the state. The city is now hoping to cash in on the popularity of video games and virtual reality.

Cedar Park is now officially known as a “Digital Media Friendly Texas Certified Community.”

“This program is really designed to bring in that tech and creative talent,” Arthur Jackson, Chief Economic Development Officer for the city, said.

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