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Archive for the ‘economics’ category: Page 6

Jan 8, 2019

How AI is Working to Crush Financial Fraud

Posted by in categories: cybercrime/malcode, economics, finance, robotics/AI

#MachineLearning and #ArtificialIntelligence are revolutionising the online world. They are capable of reducing costs, analysing data, recognising patterns and trends we can’t see with the human eye and making real- time decisions. Now, they are being used to help prevent financial fraud and they’re learning how to do it better every day.


Machine learning and artificial intelligence are revolutionising the online world. They are capable of reducing costs, analysing data, recognising patterns and trends we can’t see with the human eye and making real-time decisions. Now, they are being used to help prevent financial fraud and they’re learning how to do it better every day.

Currently it is estimated that cybercrime costs the global economy approximately $600 billion, with one of the most common forms being credit card fraud which has grown considerably with the increase in the online market. As more and more people chose to transact online it is becoming increasingly important for financial services to invest in better, faster and more accurate fraud detection and prevention techniques.

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Jan 3, 2019

Apple iPhone sales look $9bn worse than expected, CEO blames China & cheap batteries

Posted by in categories: economics, mobile phones

The iPhone isn’t selling as well as Apple expected. Tim Cook blames China’s cooling-down economy, but a lot of users say it’s because the phone are too expensive for the features they offer.


Apple shares plummeted after CEO Tim Cook revealed that the iPhone maker expects a drop of up to $9bn in revenue compared to its November report. More affordable battery replacements are to blame, among other things.

Apple stated that it now expects a revenue of approximately $84 billion in the first quarter of 2019, down from its previous estimate of $89bn to $93bn. Markets have reacted swiftly to the news, sending Apple shares into a 7.5-percent nosedive.

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Dec 31, 2018

Virtual Currencies Are As Old As Favors

Posted by in categories: bitcoin, cryptocurrencies, disruptive technology, economics, finance

I owe Jack Shaw a favor. It’s one of those, “This one time in Cambodia…” type of favors. We won’t speak of it beyond perhaps a nod and wink. It’s not written down anywhere; the details of such are so vague as to be almost non existent, while encompassing the known universe. It expires upon death, of the sun; and can be redeemed whenever and by another person who need only walk up to me and say, “Jack Shaw sent me. He says to tell you ________”. And tada, that favor has been redeemed for value.

Jack would call this favor a “marker.” It’s more valuable than your house, the Empire State Building & 100k Bitcoins combined. It can even be redeemed for something even more precious, my time or an opportunity or access to my network. You know, those things that money can’t buy. Well, you can lease my time from time to time.

Favors, markers and promises are humanities’ first virtual currencies.

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Dec 31, 2018

2019 China tech look ahead: trade war likely to cast a shadow as AI, e-commerce, smartphone progress continues

Posted by in categories: economics, mobile phones, robotics/AI

While a 90-day ceasefire period is in place for negotiators to end the war, major Chinese technology companies and national initiatives are expected to continue to face challenges in 2019 as the world’s two largest economies remain at loggerheads over global leadership in hi-tech innovation.

Here we take a look at the views of analysts, executives, and experts to see which sectors and companies will likely be in the spotlight in 2019 and what the big issues are expected to be.

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Dec 30, 2018

What will be the biggest stories of 2019? | Part One | The Economist

Posted by in categories: economics, health, law enforcement, robotics/AI, sex, transportation, wearables

Power suits, robotaxis, Leonardo da Vinci mania—just a few of the things to look out for in 2019. But what else will make our top ten stories for the year ahead?

Click here to subscribe to The Economist on YouTube: https://econ.st/2xvTKdy

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Dec 28, 2018

Start Preparing Now for the Post-Quantum Future

Posted by in categories: economics, encryption, quantum physics, robotics/AI, security

Quantum computing will break most of the encryption schemes on which we rely today. These five tips will help you get ready.

Search on the phrase “quantum computing,” and you’ll find a furious debate. On the one hand, you’ll read breathless articles predicting groundbreaking advances in artificial intelligence, genomics, economics, and pretty much every field under the sun. On the other, you’ll find the naysayers: It’s all hype. Large-scale quantum computers are still decades away — if they’re possible at all. Even if they arrive, they won’t be much faster than standard computers except for a tiny subset of problems.

There’s one area, however, where you’ll find all sides agree: Quantum computing will break most of the encryption schemes on which we rely today. If you’re responsible for your organization’s IT or security systems, and that sentence made the hair on the back of your neck stand up, good. To get ready for a post-quantum world, you should be thinking about the problem now.

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Dec 25, 2018

Why the U.S. Should Provide Universal Basic Income

Posted by in categories: economics, government

The government should consider giving out monthly Social Security checks—no strings attached.

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Dec 25, 2018

Universal Basic Income Explained – Free Money for Everybody? UBI

Posted by in categories: economics, media & arts

What is UBI? How would free money change our lives.

Kurzgesagt Newsletter: http://eepurl.com/cRUQxz

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Dec 20, 2018

8 Sci-Fi Writers Imagine the Bold and New Future of Work

Posted by in categories: economics, futurism

“In the early 21st century, perhaps the most important artistic genre is science fiction … [It shapes] how people understand the most important technological, social, and economic developments of our time.” —Yuval Noah Harari, 21 Lessons for the 21st Century.

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Dec 14, 2018

The coming of low-Earth orbit satellites

Posted by in categories: economics, satellites

The launch of thousands of new satellites will boost the space economy.

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