Lifeboat Foundation: Safeguarding Humanity
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Category: economics

THE two superpowers of artificial intelligence (AI) are America and China. Their tech giants have collected the most data, attracted the best talent and boast the biggest computing clouds—the main ingredients needed to develop AI services from facial recognition to self-driving cars. Their dominance deeply worries the European Union, the world’s second-largest economic power (see article). It is busily concocting plans to close the gap.

That Europe wants to foster its own AI industry is understandable. Artificial intelligence is much more than another Silicon Valley buzzword—more, even, than seminal products like the smartphone. It is better seen as a resource, a bit like electricity, that will touch every part of the economy and society. Plenty of people fret that, without its own cutting-edge research and AI champions, big digital platforms based abroad will siphon off profits and jobs and leave the EU a lot poorer. The technology also looms large in military planning. China’s big bet on AI is partly a bet on autonomous weapons; America is likely to follow the same path. Given the doubt over whether America will always be willing to come to Europe’s defence, some see spending on AI as a matter of national security.

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https://youtu.be/TbjQGooiJNs

James Hughes : “Great convo with Yuval Harari, touching on algorithmic governance, the perils of being a big thinker when democracy is under attack, the need for transnational governance, the threats of automation to the developing world, the practical details of UBI, and a lot more.”

In this episode of the Waking Up podcast, Sam Harris speaks with Yuval Noah Harari about his new book 21 Lessons for the 21st Century. They discuss the importance of meditation for his intellectual life, the primacy of stories, the need to revise our fundamental assumptions about human civilization, the threats to liberal democracy, a world without work, universal basic income, the virtues of nationalism, the implications of AI and automation, and other topics.

Yuval Noah Harari has a PhD in History from the University of Oxford and lectures at the Hebrew University of Jerusalem, specializing in world history. His books have been translated into 50+ languages, with 12+ million copies sold worldwide. Sapiens: A Brief History of Humankind looked deep into our past, Homo Deus: A Brief History of Tomorrow considered far-future scenarios, and 21 Lessons for the 21st Century focuses on the biggest questions of the present moment.

Twitter: @harari_yuval

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Surging productivity and the general rise in incomes it brings would be welcome, of course, but that isn’t sufficient. The same questions being raised about the advance of robotics in the workplace apply to machine learning. While new jobs would be created, many existing jobs — from doctors and financial advisers to translators and call-center operators — are susceptible to displacement or much-reduced roles. No economic law guarantees that productivity growth benefits everyone equally. Unless we thoughtfully manage the transition, some people, even a majority, are vulnerable to being left behind even as others reap billions.

Whether it’s for the better and for the many is up to human intelligence.

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Utilizing new mobile application technology, researchers at The University of New Mexico found that medical cannabis provides immediate symptom relief across dozens of health symptoms with relatively minimal negative side effects.

In two recent studies titled, “Patient-Reported Symptom Relief Following Medical Cannabis Consumption,” and “Effectiveness of Raw, Natural Medical Cannabis Flower for Treating Insomnia under Naturalistic Conditions” published in the journals, Frontiers in Pharmacology and Medicines, respectively, UNM Department of Psychology Associate Professor Jacob Miguel Vigil and UNM Department of Economics Assistant Professor Sarah See Stith, document that patients experienced statistically and clinically significant therapeutic benefits when they used cannabis for symptoms ranging from chronic pain to insomnia.

These studies analyzed data collected with the Releaf App, developed by co-authors Franco Brockelman, Keenan Keeling and Branden Hall and currently, the largest repository of user-entered information on the consumption and effects of cannabis use in the United States with nearly 100,000 recorded user sessions.

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Data centers are the new oil refineries, argues The Economist. Where black sludge and steam once marked the beating heart of the economy, now blinking servers laced with fiber optic cables indicate where the action is.

Biotechnology — like all other industries — must adapt. Synthetic biology teams that embrace modern tools like cloud computing, professionally built software, and laboratory automation will save time, reduce errors, streamline complex workflows, and maintain their agility in the digital economy. Those who fail to adopt new tools will be primed for disruption.

Software is already an integral part of biological research, but most scientific apps lag far behind the rest of the digital frontier. As the software giant Autodesk puts it:

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TOKYO, Sept. 6, 2018 (ANA HD/JAXA PR) — ANA HOLDINGS INC. (hereinafter ANA HD) and Japan Aerospace Exploration Agency ( JAXA ) are proud to announce the launch of “AVATAR X,” a multi-phased program to revolutionize space exploration and development using real-world Avatars (*1).

AVATAR X aims to capitalize on the growing space-based economy by accelerating development of real-world Avatars that will enable humans to remotely build camps on the Moon, support long-term space missions and further explore space from afar.

AVATAR X is part of “ANA’s AVATAR Vision (*2),” a breakthrough endeavor to advance and pioneer real-world Avatar technologies, and JAXA ‘s new research and development program “J-SPARC” ( JAXA Space Innovation through Partnership and Co-creation). Together with a growing list of public and private partners, AVATAR X hopes to catalyze new space-based businesses that will provide key services and an unprecedented level of access to space.

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New research confronts the elephant in the room—the ‘trilemma’ of population growth, economic growth and environmental sustainability—and reveals the vast incompatibility of current models of economic development with environmental sustainability.

Using data collected from across the globe, national economies and natural resource use were closely examined by an international team of scientists using a mathematical model.

The results suggest that as long as our economic system retains its current structure, and if continues, both high- and low-income countries will fail to achieve environmental sustainability.

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Drones have, as with most technologies, a wide spectrum of usefulness. What one uses to pick fruit, another will use to kill a human being. Companies are increasingly looking to drone technology to solve big and small problems but what does the future hold for this helpful and lethal technology?

Kevin Bolen, Principal, Innovation & Enterprise Solutions, KPMG is paid to know such things and spoke recently about the regulation reviews surrounding drones; “Both the US and UK have similar regulations in place around the flying of drones, which restrict commercial applications. Drones must weigh less than 55 lbs, and be flown within line of sight of the pilot, in daylight, below 400 feet and away from restricted airspace (e.g., airports). A pilot can only control one drone at a time. With so many restrictions, the primary utility now is for video streaming/recording; cameras are lightweight, and drones can easily access areas that are costly or unsafe for humans. [Streaming/recording] can prove helpful for inspection of large assets (e.g., oil rigs or bridges) or conducting an inventory of livestock or other materials.”

Despite limitations, drone use is increasing and could add to GDP of most countries (2% for the UK alone per PwC research). When asked, Bolen agrees companies will likely rent more drones rather than buy them. In some cases owning will make more economic sense but the key is to think beyond your needs right now and partner with the right people; “As the demand for drones increases, the scale and efficiency of the companies servicing this demand will grow and they will continue to optimize the performance and range of offerings faster than an individual firm could handle on their own.” Bolen also believes that specialized licenses will be commonplace for drone operators as with the trucking industry.

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