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Archive for the ‘economics’ category: Page 43

Jan 5, 2023

Amazon CEO says company will layoff more than 18,000 workers

Posted by in categories: economics, employment

Amazon is laying off 18,000 employees, the tech giant said Wednesday, representing the single largest number of jobs cut at a technology company since the industry began aggressively downsizing last year.

In a blog post, Amazon CEO Andy Jassy wrote that the staff reductions were set off by the uncertain economy and the company’s rapid hiring over the last several years.

The cuts will primarily hit the company’s corporate workforce and will not affect hourly warehouse workers. In November, Amazon had reportedly been planning to lay off around 10,000 employees but on Wednesday, Jassy pegged the number of jobs to be shed by the company to be higher than that, as he put it, “just over 18,000.”

Jan 5, 2023

What Luminar’s acquisition of startup Civil Maps means for its lidar future

Posted by in categories: economics, mapping, transportation

As lidar company Luminar pushed ahead to meet its goals for 2022 — milestones that included locking in new commercial contracts with unnamed automakers and shipping production-ready sensors to SAIC — it also snapped up a small HD mapping startup called Civil Maps.

The acquisition, which was disclosed Wednesday during Luminar founder and CEO Austin Russell’s presentation at CES 2023, is more than just a large publicly traded company taking advantage of a consolidating industry. Although the timing couldn’t have been better due to the current economic environment, according to Russell.

For Russell, the acquisition is part of Luminar’s longer term vision to be more than just a lidar supplier. Mapping, specifically the mapping tech that Civil Maps created, is foundational to that goal, Russell said.

Jan 5, 2023

What An AI Taught Me About Our Future — A Mind Blowing Podcast

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

What an AI taught me about our future – a mind blowing podcast.

In this groundbreaking podcast, James Brauer interviews “Futurist”, an AI that specializes in forecasting the future of mankind.

Continue reading “What An AI Taught Me About Our Future — A Mind Blowing Podcast” »

Jan 4, 2023

NASA’s plan to identify dangerous asteroids takes a major step forward

Posted by in categories: asteroid/comet impacts, economics, existential risks

The NEO Surveyor will be able to detect individual asteroid heat signatures.


NEO Surveyor is, as the name implies, a satellite specifically designed to survey objects near the Earth (NEO). One of its primary contributions will be to look for asteroids and other small bodies that are potentially on an eventual collision course with Earth but are invisible to typical NEO survey missions because of their location in the solar system.

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Jan 4, 2023

New York Governor Signs Bill Encouraging Businesses To Use Hemp For Construction, Packaging And Other Purposes

Posted by in categories: business, economics, food, law

face_with_colon_three Year 2022


As New York prepares for the imminent launch of legal adult-use marijuana sales, the governor has signed a bill aimed at expanding the state’s hemp market by promoting collaborative partnerships to identify more opportunities to utilize the crop and its derivatives for packaging, construction and other purposes.

Bill sponsor Sen. Michelle Hinchey (D) announced on Tuesday that Gov. Kathy Hochul (D) approved her legislation late last month. It would amend a section of New York’s agriculture law that deals with hemp economic development, mandating that the agriculture commissioner consult with additional partners on ways to incorporate hemp products into business operations throughout the state.

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Jan 4, 2023

How deep learning will ignite the metaverse in 2023 and beyond

Posted by in categories: economics, education, robotics/AI, security

Check out all the on-demand sessions from the Intelligent Security Summit here.

The metaverse is becoming one of the hottest topics not only in technology but in the social and economic spheres. Tech giants and startups alike are already working on creating services for this new digital reality.

The metaverse is slowly evolving into a mainstream virtual world where you can work, learn, shop, be entertained and interact with others in ways never before possible. Gartner recently listed the metaverse as one of the top strategic technology trends for 2023, and predicts that by 2026, 25% of the population will spend at least one hour a day there for work, shopping, education, social activities and/or entertainment. That means organizations that use the metaverse effectively will be able to engage with both human and machine customers and create new revenue streams and markets.

Jan 4, 2023

Will ChatGPT or Twitter Become the End of Human Intelligence?

Posted by in categories: biotech/medical, economics, robotics/AI

Benjamin Franklin stated, “If you would not be forgotten as soon as you are dead and rotten, either write things worth reading, or do things worth the writing.”

MIT’s well-known late Director of Artificial Intelligence Laboratory, Patrick Winston, expanded upon this adage, saying, “Your success in life will be determined largely by your ability to speak, your ability to write, and the quality of your ideas. In that order.”

We are at a precarious point in human development, with the positive and negative impact of technology surrounding us as individuals and as a society. Technology has helped improve our living standards, extended our lives, cured diseases, fed our growing populations, and expanded our frontiers. But it has also helped create greater economic and digital divides, increased pollution and harm to our environment, and potentially endangered the intellectual development of our human population.

Jan 2, 2023

A framework to a future political and economical system

Posted by in categories: economics, robotics/AI

Philosophy of the future is needed.

The world is chancing fast. (AI, genome sequencing, demographics changes…)

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Jan 2, 2023

This startup makes high-tech protein from thin air

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

Solar Foods, a Finnish food tech company famed for its approach toward alternative protein — made of microbes cultured with electricity and air, is ready to make giant strides in 2023. The company is building its first commercial-scale factory near Helsinki, Finland, that can make food directly from carbon dioxide, New Scientist reported.

The alternative protein, Solein, and its usage in various foods have already been tested in a pilot factory for two years. Recently, Business Finland approved a €34 million grant funding to Solar Foods, making it the largest public grant funding for cellular agriculture in the world. In September 2022, Solar Foods was also selected to be a part of the European Commission’s strategic hydrogen economy core.

Jan 1, 2023

Using AI For Organizational Rightsizing: 5 Benefits For Decision Making

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

Senior corporate officers across the nation are wringing their hands. The 2023 economic climate is uncertain, but one thing is for sure—more layoffs are coming. In November 2022 alone, more than 80,000 layoffs were announced from tech giants like Meta, Amazon, and Twitter, as well as conventional companies like PepsiCo, Goldman Sachs, and Ford.

Downsizing is one of the most difficult things that leaders ever have to accomplish.


AI can offer objective performance evaluation to help managers decide who stays and who goes. AI software startups like GoFusion Perfacto and Entomo use data from employee productivity, attendance record, and other KPIs to help separate the star players from the rest on the basis of objective performance metrics.

Continue reading “Using AI For Organizational Rightsizing: 5 Benefits For Decision Making” »

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