Economic Boom From Faster and Cheaper Movement of Goods

There is some suggestive evidence that lowering the cost and barriers to trade and increasing the volume of trade will boost GDP. It is difficult to isolate cause and effects. Past major examples of reduced transportation times and lowering costs of movement of goods are Interstate and national highway systems and shipping containers. Shipping containers …

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Tech Report Says to Get an Alibaba or EBay Business Before Your Old Jobs Are Destroyed

An Alibaba backed open research think tank (the Luohan Academy) has published a 22-page report which says that AI, mobile internet, e-commerce are not destroying more jobs than they create. Nextbigfuture summarizes the report as there are lots of jobs and businesses being created by the Alibaba, Ebay, Googles and Ubers of the world. People …

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Ark Invest Has a $4000 Price Target for Tesla and Sees Big Tech Transformation

ARK Invest’s Cathie Wood believes the whole transportation industry will shift to electric. They have a price target of $4000 for Tesla. They think Tesla will reach that level by 2023. The $4,000 price target assumes that Tesla evolves from a hardware manufacturer with 19% gross margins to a company generating most of its profits …

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Huawei new AI chips and AI strategy

Huawei has announced two new chips for artificial intelligence applications. The Ascend AI IP and chip series, the world’s first AI IP and chip series that natively serves all scenarios, providing optimal TeraOPS per watt. The Ascend series delivers excellent performance per watt in every scenario, whether it’s minimum energy consumption or maximum computing power …

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AI will create millions more jobs than are lost because of economic growth

AI and related technologies such as robots, drones and autonomous vehicles could provide a net boost to employment in China of around 12% over the next two decades, equating to around 90 million additional jobs. Around 26% of existing jobs in China could be automated over the next 20 years, but this is projected to …

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DARPA Starts $2 Billion Campaign to Develop Next Wave of AI Technologies

To address the limitations of the first and second wave AI technologies, DARPA seeks to explore new theories and applications that could make it possible for machines to adapt to changing situations. DARPA sees this next generation of AI as a third wave of technological advance, one of contextual adaptation. To better define a path …

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Artificial Intelligence creating new drugs from scratch by efficiently searching huge molecular possibilities

AI is revolutionizing medicine including radiology, pathology, and other medical specialties. Deep learning (DL) technologies are beginning to find applications in drug discovery including areas of molecular docking, transcriptomics, reaction mechanism elucidation, and molecular energy prediction. A crucial step in many new drug discovery projects is the formulation of a well-motivated hypothesis for new lead …

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Tech and Economic Boom for a Roaring 2020s

Many people are worried about their future jobs and about long recessions and economies collapsing. There is a good chance that there will be a strong global economic and technological boom throughout most of the 2020s and 2030s. Instead of 3% average annual World GDP growth the 2020s could see 4-6% annual GDP growth. Communication …

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