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Archive for the ‘economics’ category: Page 40

Jan 27, 2023

No ‘second law of entanglement’ after all, claims study

Posted by in categories: economics, energy, law, quantum physics

The second law of thermodynamics is often considered to be one of only a few physical laws that is absolutely and unquestionably true. The law states that the amount of ‘entropy’—a physical property—of any closed system can never decrease. It adds an ‘arrow of time’ to everyday occurrences, determining which processes are reversible and which are not. It explains why an ice cube placed on a hot stove will always melt, and why compressed gas will always fly out of its container (and never back in) when a valve is opened to the atmosphere.

Only states of equal entropy and energy can be reversibly converted from one to the other. This reversibility condition led to the discovery of thermodynamic processes such as the (idealized) Carnot cycle, which poses an to how efficiently one can convert heat into work, or the other way around, by cycling a closed system through different temperatures and pressures. Our understanding of this process underpinned the rapid economic development during the Western Industrial Revolution.

The beauty of the is its applicability to any macroscopic system, regardless of the microscopic details. In , one of these details may be entanglement: a quantum connection that makes separated components of the system share properties. Intriguingly, shares many profound similarities with thermodynamics, even though quantum systems are mostly studied in the microscopic regime.

Jan 26, 2023

Care costs more in consolidated health systems, reveals new research

Posted by in categories: biotech/medical, economics, health

Health care integration has long been touted as a panacea for reining in health care costs and boosting quality of care.

But integrated health systems appear to be failing on both fronts, according to the results of a new nationwide study led by researchers at Harvard and the National Bureau of Economic Research (NBER).

Instead, the analysis finds marginally better care at significantly higher costs for patients seen in health systems, compared to those at independent practices or hospitals.

Jan 26, 2023

How Quantum Computing Will Transform Our World

Posted by in categories: climatology, economics, encryption, finance, government, internet, mathematics, military, quantum physics, space, supercomputing, sustainability

Tech giants from Google to Amazon and Alibaba —not to mention nation-states vying for technological supremacy—are racing to dominate this space. The global quantum-computing industry is projected to grow from $412 million in 2020 to $8.6 billion in 2027, according to an International Data Corp. analysis.

Whereas traditional computers rely on binary “bits”—switches either on or off, denoted as 1s and 0s—to process information, the “qubits” that underpin quantum computing are tiny subatomic particles that can exist in some percentage of both states simultaneously, rather like a coin spinning in midair. This leap from dual to multivariate processing exponentially boosts computing power. Complex problems that currently take the most powerful supercomputer several years could potentially be solved in seconds. Future quantum computers could open hitherto unfathomable frontiers in mathematics and science, helping to solve existential challenges like climate change and food security. A flurry of recent breakthroughs and government investment means we now sit on the cusp of a quantum revolution. “I believe we will do more in the next five years in quantum innovation than we did in the last 30,” says Gambetta.

But any disrupter comes with risks, and quantum has become a national-security migraine. Its problem-solving capacity will soon render all existing cryptography obsolete, jeopardizing communications, financial transactions, and even military defenses. “People describe quantum as a new space race,” says Dan O’Shea, operations manager for Inside Quantum Technology, an industry publication. In October, U.S. President Joe Biden toured IBM’s quantum data center in Poughkeepsie, N.Y., calling quantum “vital to our economy and equally important to our national security.” In this new era of great-power competition, China and the U.S. are particularly hell-bent on conquering the technology lest they lose vital ground. “This technology is going to be the next industrial revolution,” says Tony Uttley, president and COO for Quantinuum, a Colorado-based firm that offers commercial quantum applications. “It’s like the beginning of the internet, or the beginning of classical computing.”

Jan 26, 2023

Everything might change forever this century (or we’ll go extinct)

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

We could be living in the most important century in history. Here’s how Artificial Intelligence might uphold a historical trend of super-exponential economic growth, ushering us into a period of sudden transformation, ending in a stable galaxy-scale civilization or doom. All within the next few decades.

This video is based on Holden Karnofsky’s “most important century” blog post series: https://www.cold-takes.com/most-important-century/

Continue reading “Everything might change forever this century (or we’ll go extinct)” »

Jan 25, 2023

The Death of Death during the coming #DLD Tel Aviv Innovation Festival in Israel. Top news at #i24

Posted by in categories: biotech/medical, economics, engineering, singularity, space travel, transhumanism

José Cordeiro, PhD, talking about his international bestseller “The Death of Death” during the coming DLD Tel Aviv Innovation Festival in Israel. Top news at i24 news discussing about aging as the “mother” of all chronic diseases!

José Cordeiro is an international fellow of the World Academy of Art and Science, vicechair of HumanityPlus, director of The Millennium Project, founding faculty at Singularity University in NASA Research Park, Silicon Valley, and former director of the Club of Rome (Venezuela Chapter), the World Transhumanist Association and the Extropy Institute.

Continue reading “The Death of Death during the coming #DLD Tel Aviv Innovation Festival in Israel. Top news at #i24” »

Jan 21, 2023

Dark Horse AI Gets Passing Grade in Law Exam

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

An artificial intelligence dubbed Claude, developed by AI research firm Anthropic, got a “marginal pass” on a recent blindly graded law and economics exam at George Mason University, according to a recent blog post by economics professor Alex Tabarrok.

It’s yet another warning shot that AI is experiencing a moment of explosive growth in capability — and it’s not just OpenAI’s ChatGPT that we have to worry about.

Anthropic — which according to Insider secured funding from disgraced crypto exec Sam Bankman-Fried and his alleged romantic partner, former Alameda Research CEO Caroline Ellison — made a big splash with its new AI earlier this week.

Jan 20, 2023

Google parent Alphabet cuts 6% of its workforce, impacting 12,000 people

Posted by in categories: biotech/medical, economics

Alphabet, parent holding company of Google, has announced that it’s cutting around 6% of its global workforce.

In an open letter published by Google and Alphabet CEO Sundar Pichai, the narrative followed a similar trajectory to that of other companies that have downsized in recent months, noting that the company had “hired for a different economic reality” than what it’s up against today.

Put simply, it had bolstered its workforce during the pandemic-driven digital boom times, but it’s now having to reverse course as the world curtails its spending in the face of economic headwinds.

Jan 16, 2023

Virginia rocket launch to be visible to much of East Coast

Posted by in categories: economics, satellites

WALLOPS ISLAND, Va. — A rocket launch set for Monday, January 23 in Virginia will be visible to much of the east coast of the United States, according to NASA.

The 59-foot-tall Electron rocket from Rocket Lab USA is set to take off from NASA’s Wallops Flight Facility along the southeastern coast of Virginia sometime between 6 and 8 p.m.

The mission, named “Virginia is for Launch Lovers,” will deploy radio frequency monitoring satellites for Virginia based geospatial analytics company HawkEye 360. NASA said the mission will help foster a growing low-Earth space economy.

Jan 16, 2023

Infineon energy efficiency 3D experience — Infineon Technologies

Posted by in categories: climatology, economics, sustainability

Climate change is the biggest challenge of our time. To slow down global warming, we need to rethink how we generate and consume energy. Facing significant structural changes in supply and demand, we are in the middle of an energy transition with a strong need for action.

To reach a net zero economy by 2050 we have to swiftly replace fossil fuels in power generation with renewable, clean and secure sources. At the same time technologies powered by fossil-fuels must be replaced by electrified applications such as those seen in electric vehicles or heat pumps. Microelectronics plays a decisive role in respective applications.

Infineon’s semiconductor solutions enable the provision of green energy as well as the electrification of applications in the industrial, mobility and consumer sectors. Our semiconductor solutions are vital to decarbonization, they are key elements in creating a better future.

Jan 15, 2023

China’s AI Implementation Is Edging Ahead Of The US

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

As Kaifu Lee, a keen observer of AI development in China has put it, “we’re now in the age of AI implementation.” While the West, the U.S. and Canada in particular, will remain ahead in AI research, those Western advances are quickly adopted in China where the massive market, a surfeit of young engineers, government support and a cutthroat entrepreneurial culture are driving industrial innovation in AI.

“The digital and real economies are accelerating their integration,” said Baidu’s Chief Technology Officer, Haifeng Wang, who is also Head of Baidu Research.

China’s 14th Five-Year Plan and Vision 2030 both place a strong focus on the development of the digital economy, seeing this sector as a source of tremendous untapped innovative power and space for growth.

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