Nearly a fifth of the $94 trillion in global infrastructure investment needed by 2040 risks being unfunded if current spending trends continue according to the G20-backed Global Infrastructure Hub. To close the spending gap, annual infrastructure spending needs to rise to 3.5 percent from 3 percent of global gross domestic product. The GIH, set up …
China plans to turn the Guangdong-Hong Kong-Macau greater bay area into the world’s largest bay area in terms of GDP by 2030. This would mean surpassing Tokyo, New York and the San Francisco bay area economies. In 2016 combined regional GDP of the greater Guandong-Hong Kong and Macao bay area was 9.35 trillion yuan (US$1.38 …
China One Belt, One Road is promising more than $1 trillion in infrastructure and spanning more than 60 countries from now to 2021. * power plants in Pakistan are part of an expected $46 billion worth of investment * tunnels and bridges and a 260-mile railway in Laos is a $6 billion project * hundreds …
Major power outages caused chaos on mass transit systems in both New York and San Francisco Friday, with parts of both cities’ systems still suffering ongoing outages or delays into the pre-weekend afternoon commute. Los Angeles also had a major power outage shortly after San Francisco and New York. Some have worried that the power …
In 2016, International Data Corporation (IDC) has identified robotics as one of six Innovation Accelerators that will drive digital transformation by opening new revenue streams and changing the way work is performed. IDC forecasted global spending on robotics and related services to grow at a compound annual growth rate (CAGR) of 17% from more than …
Andrew Ng, chief scientist at Chinese Internet search giant Baidu and co-inventor of the Google Brain, believes there are other, more immediate risks concerning AI that aren’t getting enough attention. “I think that the conversation is distracting governments and society from the real ethical issues facing AI,” Ng tells TIME. “And we shouldn’t whitewash these …
Spacex is finalizing the investigation into our September 1 anomaly and are working to complete the final steps necessary to safely and reliably return to flight, now in early January with the launch of Iridium-1. This allows for additional time to close-out vehicle preparations and complete extended testing to help ensure the highest possible level …
Elon Musk answered questions on Reddit about Spacex and his Mars plans. Elon’s Vision of the Mars Colony Initially, glass panes with carbon fiber frames to build geodesic domes on the surface, plus a lot of miner/tunneling droids. With the latter, you can build out a huge amount of pressurized space for industrial operations and …
AeroVironment, a global leader in unmanned aircraft systems for both military and commercial applications, announced the United States Navy has successfully demonstrated the use of its submarine-launched BlackwingTM UAV to link with a swarm of unmanned undersea vehicles and communicate with the submarine combat control system during the Annual Naval Technology Exercise (ANTX) on August …
China’s news.ifeng.com is hailing a new alloy as being a success in China’s program 973 an aircraft engine project. Chen was funded at Nanjing Polytechnic University and the state’s Program 973. It seems that the new alloy will allow an engine built with it to operate at 150-200 degrees celsius higher temperature. Inferior engine alloys …
Brent oil fell 3 percent on Tuesday, erasing early gains after top producers Russia and Saudi Arabia dashed expectations of an outright supply cut by agreeing only to freeze output if other big exporters joined them. Benchmark Brent prices jumped briefly through $35 a barrel after Russia and Saudi Arabia agreed to keep output at …