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Category: business – Page 319

Blockchain meets Artificial Intelligence

Quoted: “The decentralized Sapience AIFX project has developed a distributed artificial intelligence system running on a cryptocurrency network. In addition, the project has implemented the first distributed database platform running entirely over the bitcoin peer-to-peer protocol, built on top of a distributed hash table with redundancy, resiliency, and multi-dimensional trie-based indexing. These technologies are the first core pieces in the Sapience AIFX platform strategy to be the market leader in the consumerization of the blockchain.

The project has implemented the first in-wallet interactive Lua shell, bringing developers unprecedented capabilities to build solutions leveraging the blockchain, multi-layer perceptron networks, and distributed data storage. The possibilities span from algorithmic trading tools to bioinformatics and data mining, and the traditional applications of deep learning.”

Read more here > http://www.pressreleaserocket.net/first-cryptocurrency-to-ut…in/104609/

Could Abra be Bitcoin’s “Killer App”?

Quoted: “At the event, CEO Bill Barhydt said: “Our mission with Abra is to turn every smartphone into a teller that processes withdrawals. This is not just another bitcoin app. The wallet is a full-fledged digital asset management system, and you don’t have to understand it.”

Use of the application is straightforward and relies on a network of people around the world who act as tellers, charging small fees to help people transfer money abroad. A user can deposit funds into his or her account using a debit card or by meeting up with a teller in person and handing them cash. Then those funds can be instantly — the power of Bitcoin — transferred anywhere in the world. The person receiving the money has only to find a teller, show that he or she is the recipient of the funds, and exchange the digital cash (denominated in USD) back for their local currency.”

Read the article here > https://bitcoinmagazine.com/19490/abra-announced-launch-fest…d-bitcoin/

FedEx And UPS Refuse to Ship a Digital Mill That Can Make Untraceable Guns

By — Wired

The new generation of “maker” tools like 3-D printers and milling machines promises to let anyone make virtually anything—from prosthetic limbs to firearms—in the privacy and convenience of his or her own home. But first, those tools have to get to customers’ homes. That’s going to be difficult for at least one new machine with the potential to make homemade firearms, because FedEx is refusing to deliver it.

Last week FedEx told firearm-access nonprofit Defense Distributed that the company refuses to ship the group’s new tool, a computer controlled (CNC) mill known as the Ghost Gunner. Defense Distributed has marketed its one-foot-cubed $1,500 machine, which allows anyone to automatically carve aluminum objects from digital designs, as an affordable, private way to make an AR-15 rifle body without a serial number. Add in off-the-shelf parts that can be ordered online, and the Ghost Gunner would allow anyone to create one of the DIY, untraceable, semi-automatic firearms sometimes known as “ghost guns.”
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Why Silicon Valley Is Eager to Take on Detroit

By — Singularityhub

We tend to think of cars as a mature technology. They’re good enough to be boring. But something weird is happening. Silicon Valley is eyeing the car business. First it was Tesla, Google—even Uber. Now, it’s Apple.

According to Bloomberg, Apple has a team of 200 secretly working on a car. They’ve evidently been luring talent away from Tesla with lucrative bonuses and comp. And battery-maker A123 Systems filed a lawsuit against Apple for poaching its employees. The rumor? Apple’s aiming to develop an electric car by 2020.

It sounds bizarre—but it might not be that crazy.
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Blockchains as a Granular Universal Transaction System

Quoted: “Blockchains are thus an intriguing model for coordinating the full transactional load of any large-scale system, whether the whole of different forms of human activity (social systems) or any other system too like a brain. In a brain there are quadrillions of transactions that could perhaps be handled in the universal transactional system architecture of a blockchain, like with Blockchain Thinking models.”

Read the IEET brief here > http://ieet.org/index.php/IEET/more/swan20150217

How to Keep a Piece of the Pie After the Robots Take Our Jobs

Written by Victoria Turk — Motherboard

In 2013, researchers Carl Frey and Michael Osborne of the Oxford Martin School dropped the bombshell that 47 percent of U​S jobs were at risk of computerisation. Since then, they’ve made similar predicti​ons for the UK, where they say 35 percent of jobs are at high risk.

So what will our future economy look like?

“My predictions have enormously high variance,” Osborne told me when I asked if he was optimistic. “I can imagine completely plausible, incredibly positive scenarios, but they’re only about as probable as actually quite dystopian futures that I can imagine.”
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Might a ‘Gold Rush’ on the Moon Trigger the Next Epic Space Race?

By — Singularity Hub

As a kid, I devoured Star Trek: The Next Generation, and though it now appears nearly as campy as the original series did back then, I still love it. But Star Trek led me astray. I thought exploration for the sake of exploration would get us to the stars. Now, I’m not so sure. Fifty years in, and we humans are still stuck in low-Earth orbit.

First comes a smattering of fiery idealists blazing trails and climbing peaks. The risks are high and the returns are individual fame, newly detailed maps, and a general sense of awe.

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World’s first robot-staffed hotel to open in Japan

By: Press Trust of India — The Indian Express

A robot-staffed hotel, said to be the world’s first, is set to open in Japan in July where guests checking into the futuristic facility will be greeted and served by remarkably human-like robots.

Huis Ten Bosch, a theme park in typical Dutch style in terms of its architecture in Nagasaki Prefecture has unveiled plans to open the modern hotel with robot staff and other advanced technologies to significantly reduce operating costs.
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The robot trade is booming in China

Georgina Prodhan, Reuters — Business Insiders

China will have more robots operating in its production plants by 2017 than any other country as it cranks up automation of its car and electronics factories, the International Federation of Robotics (IFR) said on Thursday.

Already the biggest market in the $9.5 billion (6 billion pound) global robot trade — or $29 billion including associated software, peripherals and systems engineering — China lags far behind its more industrialized peers in terms of robot density.

China has just 30 robots per 10,000 workers employed in manufacturing industries, compared with 437 in South Korea, 323 in Japan, 282 in Germany and 152 in the United States.

But a race by carmakers to build plants in China along with wage inflation that has eroded the competitiveness of Chinese labor will push the operational stock of industrial robots to more than double to 428,000 by 2017, the IFR estimates. Read more

How the Camera Doomed Google Glass

— The Atlantic

Since its debut in 2012, Google Glass always faced a strong headwind. Even on celebrities it looked, well, dorky. The device itself, once released in the wild, was seen as half-baked, and developers lost interest. The press, already leery, was quick to dog pile, especially when Glass’s users quickly became Glass’s own worst enemy.

Many early adopters who got their hands on the device (and paid $1,500 for the privilege under the Google Explorer program) were underwhelmed. “I found that it was not very useful for very much, and it tended to disturb people around me that I have this thing,” said James Katz, Boston University’s director of emerging media studies, to MIT Technology Review.
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