Singapore wants to bolster its status as a wealth management and foreign-exchange center as part of plans to create more financial-sector jobs and mitigate the effect of rapid changes in technology. Singapore adding financial jobs when globally 30% of banking jobs are being automated by 2023 In a plan unveiled Monday, the Monetary Authority of …
Gross domestic product (GDP) in the first three quarters in South China’s Guangdong province reached 6.48 trillion yuan ($977.5 billion), up 7.6 percent year-on-year, while GDP in East China’s Jiangsu province hit 6.26 trillion yuan, up 7.2 percent, reported China Business News Tuesday. The GDP growth rate in Guangdong province was 0.3 percentage points higher …
A recent Goldman Sachs study projected that the worldwide ride-sharing market could grow eight-fold by the year 2030, reaching $285 billion annually. Currently ridesharing is about $36 billion. Right now, they estimate the global taxi market is worth $108 billion, which is triple the size of the $36-billion ride-hailing market. At the same time, they …
Based on McKinsey scenario modeling, they estimate automation could raise productivity growth globally by 0.8 to 1.4 percent annually. * Deep learning could be worth $17 trillion. As deep learning advances, it should automate and improve technology, transportation, manufacturing, healthcare, finance, and more. Digital Finance could add 6% to world GDP by 2025 which would …
The world’s first full-on crab plant robot sits inside a tall, plastic chamber roughly the size of a shipping container. A conveyer belt carries the splayed crab into the chamber, where a robot scoops them up and places them on one of two plastic saddles. The machine was designed to be a part of a …
The head of Facebook’s AI, Yann LeCun, says AI still has a long, long way to go before it approaches anything near the intelligence of a baby, or even an animal. LeCun thinks the keys are * machines that can build, through learning, their own internal models of the world, so they can simulate the …
Fully automated mining and factories and advanced robotics on the moon and asteroids could be leveraged for the exponential development of space. Here we review some of the developments of robotics for mining and factories on earth. Robotic mining Rio Tinto has 73 self driving trucks hauling iron ore 24 hours a day at four …
Sarcos has a snake bot and force multiplying robotic arms. Guardian™ GT is a human-controlled, force-multiplying robotic system with one or two highly dexterous arms mounted on a track or wheeled base, allowing a single operator to do more, safely. Each arm is seven feet long. From basic labor-saving tasks like heavy lifting, to more …
The company LUNATIX was created by the eight participants of SpaceTech 2016. The SpaceTech Master Programme of the Technical University of Graz, Austria, is aimed at international, mid-career professionals seeking expertise in space systems and business engineering. There is a 36 page plan presented at SpaceTech 2016. Lunatix wants to be the creative leader in …
India will make its second mission to the moon in 2018, the Indian Space Research Organization announced this week. The Chandrayaan 2 spacecraft consists of an orbiter, lander and rover configuration “to perform mineralogical and elemental studies of the lunar surface,” the ISRO said. Chandrayaan 2, India’s second mission to the Moon, is an advanced …
It is likely that the US will be integrating combat lasers onto planes, ships and vehicles over the next ten years and deploying hypersonic missiles. However, China, Russia and other nations are roughly keeping pace with US development of hypersonic missiles and planes and are not that far behind in combat lasers. China is at …