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Category: economics

NUI Galway will lead a new €13 million SFI Centre for Research Training in Genomics Data Science. The new Centre will train a generation of 100 highly skilled PhD graduates to harness the collective potential of genomics and data science to have transformative scientific, economic and societal impacts.

Announced recently by Minister Heather Humphreys TD Minister for Business, Enterprise, and Innovation, and Minister of State for Training, Skills, Innovation, Research and Development, John Halligan TD and Science Foundation Ireland, the Centre will be led by NUI Galway and will involve partners from UCD, TCD, RCSI and UCC.

A genome is an organisms complete set of DNA or genetic material and it contains all of the information needed to build and maintain that organism. Genomics is the branch of science that studies genomes to see how they direct the growth and function of cells and organisms and it is a key area of fundamental science with real-world impacts in areas from human health to agriculture and food production. In recent years the field of genomics has undergone a revolution, driven by new technologies that generate data on an enormous scale. In order to make sense of the large and complex datasets arising from analysis of genomes, we require highly trained data scientists, who can turn this data into useful information that can increase scientific understanding and enable us to harness the power of genomics to drive innovation and create real-world solutions.

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In this week’s Mr Futurist Podcast, I will discuss, Is a Universal Basic Income (UBI) a good idea for the US?

Why the Southern United States is headed for a deep economic crash? What US industries will be the most impacted by business automation? Why will automation affect white collar jobs first? Is the US Becoming a Third World Country? How would a Universal Basic Income (UBI) impact large US companies? Illiteracy in the US. Could we have a Great Technological World-Wide Depression? All this and more in this podcast!

Mr Futurist Podcast – Should We Have a Universal Basic Income (UBI) in the US? Get my weekly podcast/article on business automation, AI and advancing technology and how it can and will affect your company, your job and career. The Right Knowledge is a Powerful thing! This weeks podcast transcript: This week’s article will be on the dark side. I promise by the end, I will flip this around and offer solutions, and make what appears to be something gloom and doom, have a possible happy ending. Having studied artificial intelligence and business automation for the last couple of years. I believe the unemployment numbersRead More →

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A million and a half students, even very young ones, took to the streets Friday March 15th, in two thousand cities around the world, for the climate, responding to a Greta Thunberg’s call. Greta is a 16-year-old student in Stockholm: “I will not stop. Not until greenhouse gas emissions have fallen below the alarm level.” Considering the great support she had, it would seem that students were not waiting for anything else, with great outcry of the ecologists of various tendencies, who have for years repeated the same call, without being able to arouse mass movements of this magnitude.

There is no doubt that we are on the verge of great changes. The automotive industry — by far a leading industry in the world economy — is about to collapse, because it has not been able to innovate in time, and now it does not in fact have ready solutions, to satisfy a market that no longer intends to exchange mobility with health. Such imminent collapse will not do any good to economy. It will also offer vampire rulers new opportunities to increase the taxation, already exorbitant in many countries. And no one seems to realise that if producers die as a social category, consumers will soon die too, as they are the same people. There is no doubt, moreover, that the ruling politicians, more and more void of any basic culture, will find many ways to manage what Serge Latouche (in his essay on the so-called “happy de-growth”) called “inevitable social problems following de-growth”.

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In mobiles, fridges, planes – transistors are everywhere. But they often operate only within a restricted current range. LMU physicists have now developed an organic transistor that functions perfectly under both low and high currents.

Transistors are that control voltage and currents in electrical circuits. To reduce economic and , must become smaller and more effective. This applies above all to transistors. In the field of inorganic semiconductors, dimensions below 100 nanometers are already standard. In this respect, organic semiconductors have not been able to keep up. In addition, their performance with regard to charge-carrier transport is considerably worse. But organic structures offer other advantages. They can easily be printed on an , the material costs are lower, and they can be transparently applied to flexible surfaces.

Thomas Weitz, a professor in LMU’s Faculty of Physics and a member of the Nanosystems Initiative Munich, and his team are working intensively on the optimization of organic transistors. In their latest publication in Nature Nanotechnology, they describe the fabrication of transistors with an unusual structure, which are tiny, powerful and above all versatile. By carefully tailoring a small set of parameters during the , they have been able to design nanoscale devices for high or low current densities. The primary innovation lies in the use of an atypical geometry, which also facilitates assembly of the nanoscopic transistors.

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The last two decades have seen a great upswing in commercial space endeavors with hundreds of new companies formed and a few prominent billionaires entering the fray. This is all good, but it remains devilishly hard to make money in space without tapping into government space markets. Nevertheless, I’m a firm believer that the commercialization of space is absolutely essential for the growth of the space economy and achieving all of the goals we espouse for human activities in space.

So, what do I mean by commercial space? This has been a great topic of debate ever since NASA initiated the commercial cargo and commercial crew programs. There are many definitions and which is appropriate depends on the context. The real distinction is between the public sector and the private sector. Any given space activity can include a mixture of both elements. The purest form of commercial activity takes place entirely within the private sector. It is performed by private-sector companies for the benefit of private-sector customers using private-sector capital. Something like Direct TV would be an example.

At the other end of the spectrum is a pure public-sector activity where the activity is performed entirely by public-sector agencies using public-sector employees, entirely funded by public funds for a public purpose. An example would be SLS, but even it is not purely public as several private sector companies are employed. In between are all manner of hybrids involving a mix of investment funds, executing entities and customers.

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Cognitive computing (CC) technology revolves around making computers adept at mimicking the processes of the human brain, which is basically making them more intelligent. Even though the phrase cognitive computing is used synonymously with AI, the term is closely associated with IBM’s cognitive computer system, Watson. IBM Watson is a supercomputer that leverages AI-based disruptive technologies like machine learning (ML), real-time analysis, natural language processing, etc. to augment decision making and deliver superior outcomes.

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My colleague Conor Sen recently made a bold prediction: Government will be the driver of the U.S. economy in coming decades. The era of Silicon Valley will end, supplanted by the imperatives of fighting climate change and competing with China.

This would be a momentous change. The biggest tech companies — Amazon.com, Apple Inc., Facebook Inc., Google (Alphabet Inc.) and (a bit surprisingly) Microsoft Corp. — have increasingly dominated both the headlines and the U.S. stock market:

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