Investments in gene editing, AI, robotics, Quantum; everything is looking rosy. What could potentially go wrong or slow us down?
STOCK markets in China and Asia have taken another hammering, hitting traders in Britain and across the globe with yet more waves of panic.
Ok, my one world currency comsipracy friends; here is a story for you.
Cash could become history within a decade, thanks to new financial instruments, including virtual currencies, some of the world’s leading bankers said during the World Economic Forum on Wednesday (20 January).
The impact of technology, the overarching theme of this year’s meeting, will be very significant.
Continue reading “Lagarde: The end of cash could happen within a decade” »
Life extension story in Financial Times:
People have long dreamt of extending the human lifespan from the biblical “three score years and 10” (70) to reach Methuselah’s 969 and beyond.
Demographic statistics show remarkable progress in fending off death, at least in the developed world. In reality, average life expectancy in biblical times was not 70 but about 35 years. In Britain this rose to about 50 in 1900, 76 in 1990 and 82 today.
This article just posted today. Great news; the author did reference the risks that we face with our information, etc. as it relates with countries like Russia and China who are investing in Quantum.
The impact of quantum computation on the financial markets will be direct and swift, and introduces new highs and new lows, opening a playing field of near limitless potential.
Continue reading “How quantum computation will be a goldmine for the financial world” »
Sharing my recent posting that I did on Linkedin Pulse. I will admit that I purposely delayed this article in concerns of creating a panic; however, with the progress that has been occuring across the globe and in some cases accelerated the maturity of this technology; I believe it is time for governments, industries, etc. to start thinking about their own broader strategic plans around Quantum as well as how they will address any impacts.
Quantum Computing is making great progress in so many areas such as chips, network/ Internet, etc. each month. And, many industries such as financials, telecom, tech, and public sector namely defense and space, etc. have made big investments in this technology as well as have developed some interesting partnerships such as Wall Street. Everything looks so promising and exciting for our future when we look at the various ways how Quantum Computing can change our lives around AI, improving the medical technologies, how we interact with devices (wearables, VR, etc.), and even how we travel will advance through this technology. The future looks extremely rosy and bright; right?.
I believe it can be with Quantum; however, in every major shift/ disruption in technology, there is always a transformation progression that has to naturally occur thru stages. And, Quantum is no different; however, the disruption that Quantum will bring is going to be on a much more massive scale than what we have seen in the past. The reason why is Quantum is truly going to impact and improve every area of technology not just in devices, or a platform, AI, VR, etc.; I mean everything in technology will be changed and improved by Quantum over time.
Last Friday at the Neural Information and Processing Systems conference in Montreal, Canada, a team of artificial intelligence luminaries announced OpenAI, a non-profit company set to change the world of machine learning.
Backed by Tesla and Space X’s Elon Musk and Y Combinator’s Sam Altman, OpenAI has a hefty budget and even heftier goals. With a billion dollars in initial funding, OpenAI eschews the need for financial gains, allowing it to place itself on sky-high moral grounds.
By not having to answer to industry or academia, OpenAI hopes to focus not just on developing digital intelligence, but also guide research along an ethical route that, according to their inaugural blog post, “benefits humanity as a whole.”
Robots and artificial intelligence (AI) will dominate legal practice within 15 years, perhaps leading to the “structural collapse” of law firms, a report predicting the shape of the legal market has envisaged.
Civilisation 2030: The near future for law firms, by Jomati Consultants, foresees a world in which population growth is actually slowing, with “peak humanity” occurring as early as 2055, and ageing populations bringing a growth in demand for legal work on issues affecting older people.
This could mean more advice needed by healthcare and specialist construction companies on the building and financing of hospitals, and on pension investment businesses, as well as financial and regulatory work around the demographic changes to come; more age-related litigation, IP battles between pharmaceutical companies, and around so-called “geriatric-tech” related IP.
Economist Carlota Perez talk about the future of ICT.
(credit: OpenAI)
Elon Musk and associates announced OpenAI, a non-profit AI research company, on Friday (Dec. 11), committing $1 billion toward their goal to “advance digital intelligence in the way that is most likely to benefit humanity as a whole, unconstrained by a need to generate financial return.”
The funding comes from a group of tech leaders including Musk, Reid Hoffman, Peter Thiel, and Amazon Web Services, but the venture expects to only spend “a tiny fraction of this in the next few years.”
https://youtube.com/watch?v=pIY_fmvFDhM
Coal miners mine coal; diamond miners mine diamonds; gold miners mine gold; space miners (will) mine space—and anything in it that has precious metals or compounds that can be whisked into rocket fuel. But, just like the first three kinds of “resource extraction,” the celestial kind will face more than a few philosophical, financial, and regulatory complications.
