The Center for a New American Security (CNAS), a research arm of the US intelligence community is warning that if China is successful in developing superior Artificial Intelligence the balance of economic and military power will be shifted. The report said China is no longer in a position of technological inferiority relative to the United …
Morgan Stanley had a ten year forecast where the mid-range had China surpassing the World Bank High income level in 2027. At the end of 2016, the exchange was 6.92 CNY to one US dollar. Currently the exchange rate is 6.60 CNY to one US dollar. China’s 2017 GDP is tracking to about 82.5 trillion …
Alibaba Group Holding Limited (NYSE:BABA) announced that US$25.3 billion (RMB168.2 billion) of gross merchandise volume (GMV) was settled through Alipay on November 11, 2017, (Single’s Day) an increase of 39% compared to 2016. Mobile GMV settled through Alipay accounted for 90% of total GMV. The most recent quarter Alibaba’s revenue surged by 61 percent thanks …
x-VP of Alibaba Porter Erisman has written a book. Six Billion Shoppers. He explains the rise of Alibaba and how ecommerce is different in China and India. From China to India to Nigeria, e-commerce is entering a golden era in countries that were long left out of the e-commerce gold rush experienced in the West. …
Nextbigfuture is moving to wordpress. This may cause some outages today as the DNS is switched We apologize for the inconvenience Brian WangBrian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and …
Spacex has around 500 job openings on its careers site. Panasonic plans to hire 2,000 people this year to make batteries for the Tesla Model 3 at the Gigafactory located east of Sparks. They’re looking to fill positions as material handler, production operator, maintenance technician and shift lead. Brian WangBrian Wang is a Futurist Thought …
Amazon, which currently charges a $99 annual fee for two-day deliveries under its “Prime” service, will eventually offer two-tier pricing for delivery services, Jindel said. One will be a “Gold Prime” membership costing $199 to $249 a year that covers next-day deliveries, the other a platinum membership for $399 a year that includes same-day deliveries. …
Two billionaires, Elon Musk and Jeff Bezos, are leading companies that are creating new space flight capability. However, adventurous billionaires could be very important to the first manned flights to Mars. NASA has so far been unwilling to divert the $4 billion per year going to the Space Launch System into Spacex Mars mission plans. …
Broadband Conduit Deployment Act of 2017 is being discussed at the The House Communications Subcommittee. President Donald Trump plans a trillion dollar infrastructure package that will almost certainly include broadband. If the US adopts a “dig once” policy, construction workers would install conduits just about any time they build new roads and sidewalks or upgrade …
A Columbia University study suggested that with a fleet of just 9,000 autonomous cars, Uber could replace every taxi cab in New York City – passengers would wait an average of 36 seconds for a ride that costs about $0.50 per mile. Such convenience and low cost will make car ownership inconceivable, and autonomous, on-demand …
China has entered a “new normal” stage, where the returns to capital are continuing to decrease and low-skilled labor intensive industries are growing at a much slower speed. Whether the country can enjoy sustainable growth critically depends on the growth of the new economy sector. However, there is little information about the structure and growth …