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Archive for the ‘economics’ category: Page 3

Mar 14, 2019

Why modern enterprises need to adopt cognitive computing for faster business growth in a digital economy

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

Cognitive computing (CC) technology revolves around making computers adept at mimicking the processes of the human brain, which is basically making them more intelligent. Even though the phrase cognitive computing is used synonymously with AI, the term is closely associated with IBM’s cognitive computer system, Watson. IBM Watson is a supercomputer that leverages AI-based disruptive technologies like machine learning (ML), real-time analysis, natural language processing, etc. to augment decision making and deliver superior outcomes.

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Mar 14, 2019

What If Google and the Government Merged?

Posted by in categories: climatology, economics, finance, government, sustainability

My colleague Conor Sen recently made a bold prediction: Government will be the driver of the U.S. economy in coming decades. The era of Silicon Valley will end, supplanted by the imperatives of fighting climate change and competing with China.

This would be a momentous change. The biggest tech companies — Amazon.com, Apple Inc., Facebook Inc., Google (Alphabet Inc.) and (a bit surprisingly) Microsoft Corp. — have increasingly dominated both the headlines and the U.S. stock market:

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Mar 11, 2019

SpaceX and ULA Get Launch Contracts. ULA Wins Almost 50% More Money

Posted by in categories: economics, space travel

That may not be fair to SpaceX, but it’s a good deal for taxpayers.

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Mar 11, 2019

China Poised to Overtake US Economy in 2020

Posted by in category: economics

Explosive growth in emerging economies will help developing nations exceed America’s economic growth.

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Mar 9, 2019

Waking Up with Sam Harris

Posted by in categories: economics, governance, information science, robotics/AI

James Hughes : “Great convo with Yuval Harari, touching on algorithmic governance, the perils of being a big thinker when democracy is under attack, the need for transnational governance, the threats of automation to the developing world, the practical details of UBI, and a lot more.”


In this episode of the Waking Up podcast, Sam Harris speaks with Yuval Noah Harari about his new book 21 Lessons for the 21st Century. They discuss the importance of meditation for his intellectual life, the primacy of stories, the need to revise our fundamental assumptions about human civilization, the threats to liberal democracy, a world without work, universal basic income, the virtues of nationalism, the implications of AI and automation, and other topics.

Yuval Noah Harari has a PhD in History from the University of Oxford and lectures at the Hebrew University of Jerusalem, specializing in world history. His books have been translated into 50+ languages, with 12+ million copies sold worldwide. Sapiens: A Brief History of Humankind looked deep into our past, Homo Deus: A Brief History of Tomorrow considered far-future scenarios, and 21 Lessons for the 21st Century focuses on the biggest questions of the present moment.

Twitter: @harari_yuval

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Mar 3, 2019

Get paid for your data? California governor wants tech companies to show you the money

Posted by in category: economics

Gov. Gavin Newsom is considering a bill that would compensate users for their data, but critics warn it could be complicated.

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Feb 28, 2019

China’s Get-Rich Space Program

Posted by in categories: economics, space

Unlike other nations, China’s space ambitions are centered on wealth creation through a space-based economy.

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Feb 27, 2019

Are Robots Competing for Your Job?

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

This thesis has been rolling around like a marble in the bowl of a lot of people’s brains for a while now, and many of those marbles were handed out by Martin Ford, in his 2015 book, “Rise of the Robots: Technology and the Threat of a Jobless Future.” In the book, and in an essay in “Confronting Dystopia: The New Technological Revolution and the Future of Work” (Cornell), Ford acknowledges that all other earlier robot-invasion panics were unfounded. In the nineteenth century, people who worked on farms lost their jobs when agricultural processes were mechanized, but they eventually earned more money working in factories. In the twentieth century, automation of industrial production led to warnings about “unprecedented economic and social disorder.” Instead, displaced factory workers moved into service jobs. Machines eliminate jobs; rising productivity creates new jobs.


Probably, but don’t count yourself out.

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Feb 26, 2019

The Bullish Case for Bitcoin

Posted by in categories: bitcoin, computing, economics, government

With the price of a bitcoin surging to new highs in 2017, the bullish case for investors might seem so obvious it does not need stating. Alternatively it may seem foolish to invest in a digital asset that isn’t backed by any commodity or government and whose price rise has prompted some to compare it to the tulip mania or the dot-com bubble. Neither is true; the bullish case for Bitcoin is compelling but far from obvious. There are significant risks to investing in Bitcoin, but, as I will argue, there is still an immense opportunity.

Never in the history of the world had it been possible to transfer value between distant peoples without relying on a trusted intermediary, such as a bank or government. In 2008 Satoshi Nakamoto, whose identity is still unknown, published a 9 page solution to a long-standing problem of computer science known as the Byzantine General’s Problem. Nakamoto’s solution and the system he built from it — Bitcoin — allowed, for the first time ever, value to be quickly transferred, at great distance, in a completely trustless way. The ramifications of the creation of Bitcoin are so profound for both economics and computer science that Nakamoto should rightly be the first person to qualify for both a Nobel prize in Economics and the Turing award.

For an investor the salient fact of the invention of Bitcoin is the creation of a new scarce digital good — bitcoins. Bitcoins are transferable digital tokens that are created on the Bitcoin network in a process known as “mining”. Bitcoin mining is roughly analogous to gold mining except that production follows a designed, predictable schedule. By design, only 21 million bitcoins will ever be mined and most of these already have been — approximately 16.8 million bitcoins have been mined at the time of writing. Every four years the number of bitcoins produced by mining halves and the production of new bitcoins will end completely by the year 2140.

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Feb 23, 2019

When the next recession comes, the robots will be ready

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

This next wave of automation won’t just be sleek robotic arms on factory floors. It will be ordering kiosks, self-service apps and software smart enough to perfect schedules and cut down on the workers needed to cover a shift. Employers are already testing these systems. A recession will force them into the mainstream.


Robots’ infiltration of the workforce doesn’t happen gradually, at the pace of technology. It happens in surges, when companies are given strong incentives to tackle the difficult task of automation.

Typically, those incentives occur during recessions. Employers slash payrolls going into a downturn and, out of necessity, turn to software or machinery to take over the tasks once performed by their laid-off workers as business begins to recover.

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