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Category: economics – Page 34

Why Nationalizing AI Is a Bad Idea

Here’s my new Opinion article for Newsweek on AI!

Like so many in America, I watch astounded as generative artificial intelligence (AI) evolved at lighting speed in 2023, performing tasks that seemed unimaginable just a few years ago. Just last month, a survey found that nearly 40 percent of more than 900 companies were planning to cut jobs in 2024 in part because of AI. If robotics takes a giant leap in the next 12 months, as some suspect, then the survey might end up being too conservative. Generative AI combined with humanoids, which many companies are racing to turn out, is a game changer. Construction jobs, physician jobs, police jobs, and many more will soon be at stake.

Clearly, capitalism is facing a crisis. For years, I have advocated for a Universal Basic Income (UBI), as a way to transition society into the AI age. My method was by leasing out the trillions of dollars worth of empty U.S. federal land to big business, and using some of the proceeds to pay for a basic income for every American. However, any method of a basic income will now help offset the loss of jobs AI will bring.

But recently, chatter about something else is being thrown around in internet chat rooms, in congressional halls, and in arguments at holiday dinner tables: nationalizing AI.

It’s a bad idea. For starters, I don’t want big government in the innovation business; it already has a hard enough time trying to keep people out of poverty. Right now, 1 in 5 kids in the U.S. is going to bed hungry or malnourished at night, and America’s homeless problem is the worst it’s been in my 50 year lifetime.

The ‘Effective Accelerationism’ movement doesn’t care if humans are replaced by AI as long as they’re there to make money from it

The Effective Accelerationism movement — a staunchly pro-AI ideology that has Silicon Valley split over how artificial intelligence should be regulated — appears to be walking a razor’s edge between being a techno-libertarian philosophy and a nihilistic, even reckless, approach to advancing one of…

Silicon Valley’s new ideological faction, called Effective Accelerationism or e/acc, is focused on the pursuit of AI development with no guardrails to slow its growth.

Ep. 20: J. Storrs Hall — Bringing Back A Future Past With Flying Cars, Nano-Robots and Multi-Level Cities By Nurturing A Techno-Optimist Culture and a Unleashing Second Nuclear Age

An interview with J. Storrs Hall, author of the epic book “Where is My Flying Car — A Memoir of Future Past”: “The book starts as an examination of the technical limitations of building flying cars and evolves into an investigation of the scientific, technological, and social roots of the economic…

J. Storrs Hall or Josh is an independent researcher and author.

He was the founding Chief Scientist of Nanorex, which is developing a CAD system for nanomechanical engineering.

His research interests include molecular nanotechnology and the design of useful macroscopic machines using the capabilities of molecular manufacturing. His background is in computer science, particularly parallel processor architectures, artificial intelligence, particularly agoric and genetic algorithms.

DARPA picks 14 companies for lunar architecture study

WASHINGTON — DARPA has selected 14 companies, ranging from small startups to established aerospace corporations, to participate in a study on developing commercial lunar infrastructure.

DARPA announced Dec. 5 that 14 companies will collaborate over the next seven months on its 10-Year Lunar Architecture, or LunA-10, study. The goal of the effort, announced in August, is to develop an integrated architecture to support a commercial lunar economy by the mid-2030s.

“LunA-10 has the potential to upend how the civil space community thinks about spurring widespread commercial activity on and around the Moon within the next 10 years,” Michael Nayak, DARPA program manager for LunA-10, said in a statement.

Every great company is born in a winter’: Jack Ma stuns Alibaba employees with memo calling for firm he co-founded to ‘correct its course

Jack Ma urged Alibaba Group Holding Ltd. to correct course in a surprise internal memo, in which the billionaire called for fundamental change across the company he co-founded decades ago.

Ma, who has mostly stayed away from day-to-day operations since 2020, stunned employees Wednesday by replying to a staff post on Alibaba’s internal forum. In his brief message, the entrepreneur praised decisions taken in recent years by rival PDD Holdings Inc. to wrest market share from China’s e-commerce leader. But Ma was convinced Alibaba will change and “correct its course,” he said in a post confirmed by people familiar with the forum.

Alibaba, once China’s best candidate to become a trillion-dollar company, is trading near its lowest value this year, at a fraction of its peak in 2020. The company is navigating turmoil both internally and externally, as a weaker-than-anticipated economic recovery and up-and-coming rivals such as PDD and ByteDance Ltd. undermine its once-dominant online retail business.

Chinese robot clones pigs with no human help

A robot that automates a common technique for animal cloning has been used to produce a litter of cloned pigs in China — with a much higher success rate than human scientists.

The challenge: China is both the world’s biggest producer of pork and its largest consumer, so having ideal breeding stock — animals that birthe large litters of quick-growing piglets — is important for the nation’s economy and food security.

However, in 2018 and 2019, an epidemic of deadly African swine fever wiped out almost 50% of China’s pig population. As a result, many farmers have had to import breeding pigs, and China is now eager for its pork industry to become almost entirely self-sufficient.

Tesla’s Optimus Robot: A Game-Changing Innovation for Society and the Economy

Tesla has unveiled Gen 2 of it’s Optimus Robot… and WOW, the progress in the past year has been incredible. Tesla is well on their way to commercializing a humanoid robot later this decade. This represents the biggest change in Tesla’s addressable market ever, as the potential sales from a humanoid robot to replace manual labor could be $25T. For long-term Tesla investors this is a must watch project. People thought Elon Musk was crazy when he told the world about this AI project… but it’s getting closer to reality by the day. What do you think? Are you going to buy an Optimus robot? Why? Tesla Optimus Announcement on X: https://twitter.com/Tesla_Optimus/status/1734756150137225501 My Twitter: https://twitter.com/gfilche My Instagram: https://instagram.com/gfilche HyperChange Patreon smile https://www.patreon.com/hyperchange Dislaimer: I own Tesla Stock.

Tesla’s Billion-Dollar Bot Business: Disrupting Industries and Economies with Cern Basher

Our guest today has updated his financial and business model for Tesla Bot Gen 2. With these new capabilities, what are the use cases and what’s the forecast for Tesla’s revenue and margins. Follow Cern on X: @CernBasher Website: BrilliantAdvice.net My website: https://www.herbertong.com Get Free TESLA Milestone Tables Check out 15+ modules of resources for the $TSLA Investor Join this channel or Patreon to get access to perks: Get free access to 15+ modules of TSLA investor resources Become a member: https://www.youtube.com/channel/UC4DBLlq1x0AKmip1QJUcbXg/join Join my Patreon: https://www.patreon.com/brighterwithherbert Use my referral link to buy a Tesla product: https://ts.la/herbert23392 ❤️ Thank you to everyone who supports me and this channel! I really do appreciate your likes, subscribes and comments. Let’s get brighter! Website: www.herbertong.

Power Play: How Electrochemistry Is Winning the Green Game

New research on electrochemical reactions highlights the critical role of electrolyte ions, aiding in the advancement of sustainable energy technologies.

Electrochemical reactions are central to the green transition. These reactions use the electric current and potential difference to carry out chemical reactions, which enables binding and realizing electric energy from chemical bonds. This chemistry is the basis for several applications, such as hydrogen technology, batteries, and various aspects of circular economy.

Developments and improvement in these technologies require detailed insight into the electrochemical reactions and different factors impacting them. Recent studies have shown that besides the electrode material also the used solvent, its acidity, and the used electrolyte ions crucially impact the efficiency of electrochemical reactions. Therefore, recent focus has shifted to studying how the electrochemical interfaces, i.e. the reaction environment at the electrode and the electrolyte interface shown in Figure 1, impact the outcome of electrochemical reactions.