Machines that can think, learn and adapt are coming — and that could mean that we humans will end up with significant unemployment. What should we do about it? In a straightforward talk about a controversial idea, futurist Martin Ford makes the case for separating income from traditional work and instituting a universal basic income.
About the speaker.
Robert C. W. Ettinger’s seminal work, The Prospect Of Immortality, detailed many of the scientific, moral, and economic implications of cryogenically freezing humans for later reanimation. It was after that book was published in 1962 that the idea of freezing one’s body after death began to take hold.
One of the most pressing questions is, even if we’re able to revive a person who has been cryogenically preserved, will the person’s memories and personality remain intact? Ettinger posits that long-term memory is stored in the brain as a long-lasting structural modification. Basically, those memories will remain, even if the brain’s “power is turned off”.
This infographic delves into the mechanics and feasibility of cryonics – a process that thousands of people are betting will give them a second shot at life.
How many individuals own at least 1 BTC?
I was asked this question today at Quora, a popular Q&A blog covering a variety of technical and economic disciplines. Under my alias “Ellery”, I am the most viewed author on Bitcoin and the blockchain.
While this question may sound like a good factoid for a trivia game, it is directly related to something with with far reaching impact on your pocketbook and your future. It goes to the heart of a debate between warring factions: In the 2nd half of this answer, I address the eternal question:
Is Bitcoin a pyramid scheme? Or are we still early on the adoption curve?
Continue reading “What can we learn from small fraction of people who own 1 BTC” »
That the surge in philanthropy is a natural consequence of the rapid wealth creation was a sentiment echoed by a number of the high-net-worth individuals speaking at the conference, including Ronnie Chan and John Long, founder and CEO of investment company Highridge Partners. China is now home to 609 billionaires, more than the 552 in the US.
Chinese entrepreneurs in China itself, Hong Kong and America are giving back to society in ways unheard of even a few years ago, with Ronnie and Gerald Chan and Li Ka-shing among the big donors.
PUBLISHED : Sunday, 08 October, 2017, 6:45pm.
Centauri Dreams returns with an essay by long-time contributor Alex Tolley. If we need to grow a much bigger economy to make starships possible one day, the best way to proceed should be through building an infrastructure starting in the inner Solar System and working outward. Alex digs into the issues here, starting with earlier conceptions of how it might be done, and the present understanding that artificial intelligence is moving at such a clip that it will affect all of our ventures as we transform into a truly space-faring species. Under the microscope here is a company called SpaceFab, as Alex explains below, and the potential of ISRU — in situ resource utilization. Emerging out of all this is a new model for expansion.
by Alex Tolley
The inclusion of technology in the leader’s most important address in an official imprimatur that underscores the continued push by China’s top leaders to identify new pillars for an economy struggling to maintain its rapid growth amid overcapacity and rising debt.
China’s State Council laid out goals in July to build a domestic artificial intelligence industry worth nearly US$150 billion in the next few years, and to make the country a “innovation centre for AI” by 2030. Xi’s speech gave the official imprimatur to the plan.
PUBLISHED : Wednesday, 18 October, 2017, 6:56pm.
Every modern economy wants its own version of Silicon Valley and in Japan the urge to find or create one is just as strong. Although the country’s pedigree as an innovator is not in doubt, rapidly adapting to the digital age has proven challenging for its once-mighty consumer electronics companies.
Fukuoka, Kyoto and Tokyo’s Shibuya district are all staking their claim.
Sending satellites into space is going to continue to get cheaper since SpaceX proved it could reliably launch refurbished rockets. This is going to open up space exploration to more entities allowing for the continued democratization of space. Other technological advances could make a global space centered sharing economy a real possibility.
The rise of the internet and the ubiquity of mobile computing devices have changed everything from travel and shopping to politics – think Uber, Amazon, and Twitter.
China may have the clear lead in the development of artificial intelligence (AI) systems in the region, but Japan’s government, realising how vital the sector is to its economic future, has intervened in the hopes of levelling the playing field.
Japan announced in late August that it is planning to invest billions of yen to fund next-generation semiconductors and other technologies critical to AI development.
Billions of yen in public investment could help firms innovate, but analysts say the nation may never catch up with China and the US, global tech leaders that show no signs of slowing down.
Continue reading “Japan brings out the bazooka in AI war with China” »
These are a tiny fraction of the examples of how our economy differs from the 20th century industrial economy. Similar changes are under way in the developing world, as labor gives way to robotics and basic goods become affordable and accessible to the planet’s billions. Given those changes, why would 20th century models of prices and rates and money supply work as they used to work?
We like to believe that there are “laws of economics” and past patterns to guide us, but, as Yellen indicated, there is now “considerable uncertainty.” It may feel safer to trust that past patterns will reassert themselves. But maybe policymakers should weigh more heavily the chance that the patterns have changed.
The Federal Reserve takes a 20th-century approach to managing a 21st-century economy.
Continue reading “No Inflation? Technology May Have Left it Back in the 20th Century” »
