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Archive for the ‘economics’ category: Page 185

Sep 10, 2016

New Era of Flight: “Green” NASA Research Could Potentially Save Airlines Billions

Posted by in categories: computing, economics, transportation

NASA researchers reveal how today’s airlines can save over $250 billion by incorporating their green related technologies.

Green-related technologies developed by NASA could be the key to airlines saving over $250 billion dollars. “If these technologies start finding their way into the airline fleet, our computer models show the economic impact could amount to $255 billion in operational savings between 2025 and 2050,” said Jaiwon Shin, NASA’s associate administrator for aeronautics research, in a recent press release.

For the past six years, NASA’s aeronautics researchers have been working on the Environmentally Responsible Aviation (ERA) project, which sees airlines cutting fuel use in half, pollution by a quarter, and putting noise down to just an eighth of today’s current levels.

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Sep 8, 2016

Growing up in Generation AI

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

Imagine a five-year-old watching Mum talking to Siri, and Dad talking to Alexa, on a daily basis — what must she think of such interactions? Children nowadays witness computers that seem like they have a mind of their own — and even a personality with which to engage. It can be taken for granted that their perception of machines, and thus of the world itself, differs a lot from our own.

Artificial intelligence is one of the most promising areas of tech today, if not even the one that is likely to entail the most striking changes in our way of living, the way our economy works and how society functions. Thanks to enormous amounts of data, coupled with compute power to analyze it, technology companies are making strides in AI that resembles something of a gold rush.

New approaches, including use of deep neural networks, have led to groundbreaking achievements in AI, some of which weren’t predicted to happen for another decade. Google defeating the world champion at the ancient game of Go is just one prominent example. Many more are to be expected, including advances in deep learning combined with reasoning and planning — or even emulating creativity and artwork.

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Sep 7, 2016

Russia’s airship plan is crazy — and cunning

Posted by in category: economics

To save the economy, the Kremlin entertains an airy idea.

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Sep 7, 2016

The Science of a New Space Race

Posted by in categories: bioengineering, biotech/medical, economics, health, science, security, space, sustainability

The future frontier for hackers is synthetic biology.


Landmark scientific projects such as the Human Genome Project can encourage international cooperation and bring nations together. However, when security interests and defence research align with the prestige of a landmark project—international competition is all but assured. Synthetic biology is a scientific discipline less than a decade old, and the potential defence and security applications may create a new space race, this time between the USA and China.

The larger concern is not that this race may happen, but that if it does it will politicise and militarise an ethically sensitive area of the life sciences at a time when this frontier technology is critical to maintaining a sustainable world.

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Sep 7, 2016

How robots, drones and artificial intelligence will change everything

Posted by in categories: biotech/medical, drones, economics, food, media & arts, robotics/AI, virtual reality

Silicon Valley, or the Greater Bay Area, is the 18th largest economy in the world, more than half the size of Canada’s economy and bigger than Switzerland, Saudi Arabia or Turkey. This is because the region has become the world leader in research and development of emerging technologies such as artificial intelligence, robotics, software and virtual reality.

“Software is eating the world,” said Silicon Valley investor Marc Andreessen famously in 2011. It was controversial but prescient.

Five years later, software-driven machines and drones perform surgery, write news stories, compose music, translate, analyze, wage war, guard, listen, speak and entertain. The world’s biggest box office hits — animated films such as “Frozen” or special effects in Hollywood blockbusters like “Star Wars” — are made using software.

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Sep 6, 2016

Entering the Final Days of the SENS Universal Cancer Treatment Fundraiser

Posted by in categories: biotech/medical, economics, life extension

For cancer research, meanwhile, the situation is more akin to an economic revolution, or disruptive advance in technology. Because all cancers must lengthen their telomeres, and because telomere lengthening is governed by a small number of processes, there is the opportunity to change the focus of cancer research from an endless procession of expensive new therapies, each targeting a tiny number of the hundreds of subtypes of cancer, to one single therapy that can effectively suppress all cancers.


The last few days have arrived for this year’s SENS Research Foundation crowdfunding campaign, focused on important groundwork to establish a universal therapy for all types of cancer. There are still a few thousand dollars left in the matching fund, so donations are still being matched. Cancer is just as much a part of aging that must be ended, brought completely under control, as all of the other line items in the SENS rejuvenation research portfolio, and this year is the first time that the SENS Research Foundation has run a fundraiser for this program.

Hopefully there is no need to remind the audience here that the SENS Research Foundation, and important ally the Methuselah Foundation, have in recent years achieved great progress in the field of rejuvenation research on the basis of our donations and our support. Some of the high points you’ll find mentioned here and there at Fight Aging!: support and ongoing expansion of the mitochondrial repair technologies now under development at Gensight; seed funding Oisin Biotechnologies for senescent cell clearance; unblocking efforts to clear glucosepane cross-links that stiffen tissues; running the lauded Rejuvenation Biotechnology conferences; and many more. If only all charities produced as great an impact with as few resources — and if only we were further along in the bootstrapping of an industry focused on the development of rejuvenation therapies.

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Sep 5, 2016

Thousands to Receive Basic Income in Finland

Posted by in categories: economics, employment

Over the course of the next year, Finland is putting Universal Basic Income to the test. Thousands of individuals are going to be getting a basic income to trial (what could be) the economics of the future.

The views and opinions expressed are solely those of the author. They do not necessarily represent the views of Futurism or its affiliates.

Finland is about to launch an experiment in which a randomly selected group of 2,000–3,000 citizens already on unemployment benefits will begin to receive a monthly basic income of 560 euros (approx. $600). That basic income will replace their existing benefits. The amount is the same as the current guaranteed minimum level of Finnish social security support. The pilot study, running for two years in 2017–2018, aims to assess whether basic income can help reduce poverty, social exclusion, and bureaucracy, while increasing the employment rate.

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Sep 5, 2016

Artificial intelligence wants to be your bro, not your foe

Posted by in categories: computing, economics, education, employment, policy, robotics/AI, surveillance, transportation

The odds that artificial intelligence will enslave or eliminate humankind within the next decade or so are thankfully slim. So concludes a major report from Stanford University on the social and economic implications of artificial intelligence.

At the same time, however, the report concludes that AI looks certain to upend huge aspects of everyday life, from employment and education to transportation and entertainment. More than 20 leaders in the fields of AI, computer science, and robotics coauthored the report. The analysis is significant because the public alarm over the impact of AI threatens to shape public policy and corporate decisions.

It predicts that automated trucks, flying vehicles, and personal robots will be commonplace by 2030, but cautions that remaining technical obstacles will limit such technologies to certain niches. It also warns that the social and ethical implications of advances in AI, such as the potential for unemployment in certain areas and likely erosions of privacy driven by new forms of surveillance and data mining, will need to be open to discussion and debate.

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Sep 4, 2016

‘Abolish artificial scarcity’: @KevinCarson1

Posted by in categories: disruptive technology, economics, futurism, government, hacking, hardware, policy, transhumanism

Predicting an economic “singularity” approaching, Kevin Carson from the Center for a Stateless Society writes in The Homebrew Industrial Revolution (2010) we can look forward to a vibrant “alternative economy” driven less and less by corporate and state leviathans.

According to Carson, “the more technical advances lower the capital outlays and overhead for production in the informal economy, the more the economic calculus is shifted” (p. 357). While this sums up the message of the book and its relevance to advocates of open existing and emerging technologies, the analysis Carson offers to reach his conclusions is extensive and sophisticated.

With the technology of individual creativity expanding constantly, the analysis goes, “increasing competition, easy diffusion of new technology and technique, and increasing transparency of cost structure will – between them – arbitrage the rate of profit to virtually zero and squeeze artificial scarcity rents” (p. 346).

An unrivalled champion of arguments against “intellectual property”, the author believes IP to be nothing more than a last-ditch attempt by talentless corporations to continue making profit at the expensive of true creators and scientists (p. 114–129). The view has significant merit.

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Aug 31, 2016

Welcome to the digital health revolution

Posted by in categories: biotech/medical, computing, economics, government, health, information science

Blended Reality is a versatile concept that can be extended from the physical and digital worlds to the chemical and biological world. In the convergence of healthcare diagnostics and digital health, it can play a fundamental role: the transformation of human biology, real-world parameters into digital data to obtain contextual health information and enable personalized drug treatments. The fusion of microfluidics, edge computing and commercial mobility with diagnostics, digital health, big data, precision medicine, and theranostics will disrupt existing, established structures in our healthcare system. This will allow new models of partnerships among technology and pharmaceutical industries (see fig. 1).

From the very beginning of mankind, healthcare was purely empirical and mostly a combination of empirical and spiritual skills. While access to cures was exclusive and very limited, the success rate was not very high in most cases. During the Renaissance a systematic exploration of natural phenomena and physiology laid the scientific foundation of modern medicine. A real breakthrough in quality and access to healthcare services has taken place in the past 150 years as an aftermath of the Industrial Revolution. It brought significant advances in science as well as societal changes: expanding government-granted access to the establishing working classes as the main human capital of the industrialization process in the Western Hemisphere. Keeping a business employees healthy became an indispensable prerequisite to increasing the national economic output and well-being on a societal level.

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