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Archive for the ‘economics’ category: Page 196

Apr 1, 2016

Artificial intelligence steals money from banking customers

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

However, Rob Ott, a computer scientist at Stanford University in Palo Alto, California, who did work on the system—Deep Learning Interface for Accounting (DELIA)—notes that it simply held all of the missing money, some $40,120.16, in a “rainy day” account. “I don’t think you can attribute malice,” he says. “I’m sure DELIA was going to give the money back.”


Technologists shocked by program’s ability to set its own priorities—such as getting rich.

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Mar 31, 2016

An Update on fast Transit Routing with Transfer Patterns | Google Research Blog

Posted by in categories: automation, big data, business, complex systems, computing, economics, engineering, environmental, transportation

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“What is the best way to get from A to B by public transit? Google Maps is answering such queries for over 20,000 cities and towns in over 70 countries around the world, including large metro areas like New York, São Paulo or Moscow, and some complete countries, such as Japan or Great Britain.”

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Mar 30, 2016

Finland’s basic income trial to offer participants €550 a month

Posted by in category: economics

Finland’s trial of a basic income model is set to start in 2017 and will involve a payment of 550 euros to those selected to participate, according to a working group which on Wednesday published its report on how the trial should work.

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Mar 29, 2016

Will capitalism survive the robot revolution?

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

My new article for TechCrunch on capitalism and the robot revolution:


Economic experts are trying to figure out a question that just two decades ago seemed ridiculous: If 90 percent of human jobs are replaced by robots in the next 50 years — something now considered plausible — is capitalism still the ideal economic system to champion? No one is certain about the answer, but the question is making everyone nervous — and forcing people to dig deep inside themselves to discover the kind of future they want.

After America beat Russia in the Cold War, most of the world generally considered capitalism to be the hands-down best system on which to base economies and democracies. For decades, few doubted capitalism’s merit, which was made stronger by thriving globalization and a skyrocketing world net worth. In 1989 — when the Berlin Wall fell — the world had only 198 billionaires. Now, according to Forbes, there are 1,826 of them in 2016.

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Mar 28, 2016

CO2 Recovery System Saves Brewers Money, Puts Bubbles into Beer

Posted by in categories: economics, energy, space

NASA Technology

Building on work he and his companies did with Johnson Space Center’s In Situ Resource Utilization (ISRU) team, Robert Zubrin has developed and commercialized technologies that could prove revolutionary in their Earth applications, such as a system that could extract millions of barrels of oil from defunct oil wells around the world and another that can harness all the natural gas currently burned off as waste at many oil drilling rigs (Spinoff 2015).

But when he’s not working to change this world or colonize others, the president of Pioneer Astronautics, Pioneer Energy, and the Mars Society enjoys a good microbrew. Now, he’s applied some of that same technology to cut costs for craft breweries that produce anywhere between 3,000 and 300,000 barrels per year.

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Mar 23, 2016

LiTHIUM-X | TSX-V: LIX

Posted by in categories: economics, energy, habitats, sustainability, transportation

The world is shifting to clean and renewable energy to power homes and transportation. Just like electronic devices, all green homes and cars will require Lithium-ion batteries to store energy and power them. LiTHIUM X locates and develops lithium assets with the goal of supplying the increasing demand from global battery giants like Panasonic, AESC, LG, BYD and – soon – utility companies.

LiTHIUM X is a lithium resource explorer and developer with a focus on becoming a low-cost supplier for the burgeoning lithium battery industry. Its Sal de los Angeles project is situated in the prolific “Lithium Triangle” in Salta Province, Argentina. The project is comprised on 8,156 hectares covering the nucleus of Salar de Diablillos with approximately C$19 million having been invested in the property by previous operators, including $16.2 million in work completed at Sal de los Angeles between 2010 to 2015. It contains high grade brine with a historic NI 43–101 resource of 2.8 million tonnes LCE and historic positive project economics.

LiTHIUM X also has the largest land package in Clayton Valley, Nevada covering over 15,040 acres between its Clayton Valley North project and Clayton Valley South extension. Both land packages are contiguous to the only producing lithium operation in North America – Silver Peak, owned and operated by Albemarle, the world’s largest lithium producers.

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Mar 22, 2016

This Place Can Make YOU Feel the ABSOLUTE Freedom! A Place Without Politics, Religion or Money

Posted by in category: economics

Peacefully nestled in the Viluppuram district near Puduchery, Tamil Nadu, is a township like none other. Transcending money, politics and religion, welcome to Auroville, the City of Dawn.

“Auroville is meant to be a universal town where men and women of all countries are able to live in peace and progressive harmony, above all creed, all politics and all nationalities. The purpose of Auroville is to realize human unity.”

It was founded on 28th February, 1968, by Mirra Alfassa (known as “The Mother”) as a project of the Sri Aurobindo Society. Mirra Alfassa was the spiritual collaborator of Sri Aurobindo, who held the notion that “man is a transitional being”. It was designed by Roger Anger.

Continue reading “This Place Can Make YOU Feel the ABSOLUTE Freedom! A Place Without Politics, Religion or Money” »

Mar 18, 2016

Who’s Afraid of Existential Risk? Or, Why It’s Time to Bring the Cold War out of the Cold

Posted by in categories: defense, disruptive technology, economics, existential risks, governance, innovation, military, philosophy, policy, robotics/AI, strategy, theory, transhumanism

At least in public relations terms, transhumanism is a house divided against itself. On the one hand, there are the ingenious efforts of Zoltan Istvan – in the guise of an ongoing US presidential bid — to promote an upbeat image of the movement by focusing on human life extension and other tech-based forms of empowerment that might appeal to ordinary voters. On the other hand, there is transhumanism’s image in the ‘serious’ mainstream media, which is currently dominated by Nick Bostrom’s warnings of a superintelligence-based apocalypse. The smart machines will eat not only our jobs but eat us as well, if we don’t introduce enough security measures.

Of course, as a founder of contemporary transhumanism, Bostrom does not wish to stop artificial intelligence research, and he ultimately believes that we can prevent worst case scenarios if we act now. Thus, we see a growing trade in the management of ‘existential risks’, which focusses on how we might prevent if not predict any such tech-based species-annihilating prospects. Nevertheless, this turn of events has made some observers reasonably wonder whether indeed it might not be better simply to put a halt to artificial intelligence research altogether. As a result, the precautionary principle, previously invoked in the context of environmental and health policy, has been given a new lease on life as generalized world-view.

The idea of ‘existential risk’ capitalizes on the prospect of a very unlikely event that, were it to pass, would be extremely catastrophic for the human condition. Thus, the high value of the outcome psychologically counterbalances its low probability. It’s a bit like Pascal’s wager, whereby the potentially negative consequences of you not believing in God – to wit, eternal damnation — rationally compels you to believe in God, despite your instinctive doubts about the deity’s existence.

However, this line of reasoning underestimates both the weakness and the strength of human intelligence. On the one hand, we’re not so powerful as to create a ‘weapon of mass destruction’, however defined, that could annihilate all of humanity; on the other, we’re not so weak as to be unable to recover from whatever errors of design or judgement that might be committed in the normal advance of science and technology in the human life-world. I make this point not to counsel complacency but to question whether ‘existential risk’ is really the high concept that it is cracked up to be. I don’t believe it is.

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Mar 18, 2016

Canada to give people free money

Posted by in category: economics

Click on photo to start video.

Canada plans to give people unconditional free money.

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Mar 17, 2016

Deep Learning Is Going to Teach Us All the Lesson of Our Lives: Jobs Are for Machines

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

(An alternate version of this article was originally published in the Boston Globe)

On December 2nd, 1942, a team of scientists led by Enrico Fermi came back from lunch and watched as humanity created the first self-sustaining nuclear reaction inside a pile of bricks and wood underneath a football field at the University of Chicago. Known to history as Chicago Pile-1, it was celebrated in silence with a single bottle of Chianti, for those who were there understood exactly what it meant for humankind, without any need for words.

Now, something new has occurred that, again, quietly changed the world forever. Like a whispered word in a foreign language, it was quiet in that you may have heard it, but its full meaning may not have been comprehended. However, it’s vital we understand this new language, and what it’s increasingly telling us, for the ramifications are set to alter everything we take for granted about the way our globalized economy functions, and the ways in which we as humans exist within it.

Continue reading “Deep Learning Is Going to Teach Us All the Lesson of Our Lives: Jobs Are for Machines” »