Archive for the ‘economics’ category: Page 3

Nov 23, 2022

Soil’s Microbial Market Shows the Ruthless Side of Forests

Posted by in category: economics

In the “underground economy” for soil nutrients, fungi strike hard bargains and punish plants that won’t meet their price.

Nov 22, 2022

The coming Moon economy

Posted by in categories: economics, space

NASA’s most recent Moon mission is stoking the flames of a burgeoning lunar economy.

Nov 19, 2022

UP Man’s Startup Shows How to Grow Organic Veggies in PVC Pipes, Save Space & Money

Posted by in categories: economics, food, space

Uttar Pradesh born Mithilesh Kumar Singh has created an urban vertical garden using PVC pipes to save on cost and space, and also runs Veg Roof, a farming startup that shares gardening tips.

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Nov 17, 2022

Copyright and Artificial Intelligence: An Exceptional Tale

Posted by in categories: economics, government, law, robotics/AI

As the US government begins to consider some of the legal implications for copyright in connection with the development and deployment of artificial intelligence, it is important to first step back to ensure that we are properly guided by context and a proper understanding of our goals — grounded in an informed grasp of the relationship of copyright to the development of AI, and a fair observation of the state of legal developments around the world. Far too many observers have oversimplified how various countries have addressed the relationship between copyright and AI. The reality is that all who have done so have rejected the notion that copyright is not implicated, and have developed legal norms which carefully limit the scope of any exceptions with an eye towards facilitating licensing, even when they seek to expand the development of AI as a national economic imperative.

I have written about the approach taken by the EU in the updated Copyright Directive, and note here that despite claims about Japan’s legislation, even their provisions — as manifested in the 2018 amendments, are designed to avoid conflict with the legitimate interests of copyright owners. While I don’t necessarily agree with Japan’s approach, it is important to highlight that even its exceptions, as I understand them: recognize that text and data mining/machine learning does in fact implicate copyright; apply only to materials that have been lawfully acquired; require that the use of each work is “minor” relative to the TDM effort; and provide that license terms must be honored. While it remains unclear to me that Japan’s goal of respecting copyright as required by international law has been achieved, it is important to understand that claims that Japan has removed copyright as an issue that must be addressed in the development of AI are inaccurate.

Nov 16, 2022

Jeff Bezos plans to give most of his money to charity

Posted by in category: economics

Jeff Bezos says he’ll give most of his money to charity, but will that do much to appease critics of his legacy?

Nov 12, 2022

Artificial Intelligence is the Magic Tool the World was Waiting For

Posted by in categories: business, economics, information science, robotics/AI, sustainability, transportation

Artificial Intelligence (AI) is rapidly changing the world. Emerging technologies on a daily basis in AI capabilities have lead to a number of innovations including autonomous vehicles, self-driving flights, robotics, etc. Some of the AI technologies feature predictions on future and accurate decision-making. AI is the best friend to technology leaders who want to make the world a better place with unfolding inventions.

Whether humans agree or not, AI developments are slowly impacting all aspects of the society including the economy. However, some technologies might even bring challenges and risks to the working environment. To keep a track on AI development, good leaders head the AI world to ensure trust, reliability, safety and accuracy.

Intelligent behaviour has long been considered a uniquely human attribute. But when computer science and IT networks started evolving, artificial intelligence and people who stood by them were on the spotlight. AI in today’s world is both developing and under control. Without a transformation here, AI will never fully deliver the problems and dilemmas of business only with data and algorithms. Wise leaders do not only create and capture vital economic values, rather build a more sustainable and legitimate organisation. Leaders in AI sectors have eyes to see AI decisions and ears to hear employees perspective.

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Nov 11, 2022

The mathematics that makes us realize we don’t know much: Behavior of spin glasses

Posted by in categories: economics, mathematics, physics, robotics/AI

Spin glasses are alloys formed by noble metals in which a small amount of iron is dissolved. Although they do not exist in nature and have few applications, they have nevertheless been the focus of interest of statistical physicists for some 50 years. Studies of spin glasses were crucial for Giorgio Parisi’s 2021 Nobel Prize in Physics.

The scientific interest of spin glasses lies in the fact that they are an example of a complex system whose elements interact with each other in a way that is sometimes cooperative and sometimes adversarial. The mathematics developed to understand their behavior can be applied to problems arising in a variety of disciplines, from ecology to machine learning, not to mention economics.

Spin glasses are , that is, systems in which individual elements, the spins, behave like small magnets. Their peculiarity is the co-presence of ferromagnetic-type bonds, which tend to align the spins, with antiferromagnetic-type bonds, which tend to orient them in opposite directions.

Nov 10, 2022

Automated Economies & Unemployment

Posted by in categories: economics, robotics/AI

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Many fear that future automation may turn out to be the bane of civilization rather than its liberator. How do we ensure we take the path to a prosperous world and not one of ruin?

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Nov 10, 2022

Jeff Bezos’ Amazon becomes the first public company to lose $1 trillion in market value

Posted by in category: economics

Other tech companies are not far behind.

Jeff Bezos founded Inc., has achieved the unenviable milestone of being the first public company to lose a trillion dollars in market valuation, Bloomberg.

How has Amazon stock fared in 2022?

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Nov 10, 2022

‘Economic Picture Ahead Is Dire,’ Elon Musk Tells Twitter Employees

Posted by in categories: cybercrime/malcode, economics, Elon Musk, finance, policy

SAN FRANCISCO — Two weeks after closing a $44 billion deal to buy Twitter, Elon Musk painted a bleak financial picture for the social media company and outlined a series of changes for employees in his first companywide emails to staff.

In two emails sent to workers late on Wednesday, Mr. Musk said the economy was challenging. He added that he planned to end Twitter’s remote work policy and wanted employees to renew their focus on generating revenue and fighting spam.

“Sorry that this is my first email to the company, but there is no way to sugarcoat the message,” Mr. Musk, 51, wrote in one email. “The economic picture ahead is dire.” Twitter was too heavily dependent on advertising and vulnerable to pullbacks in brand spending, he added, and would need to bolster the revenue it gets from subscriptions.

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