Category: Business

Impact Lab > Business
Business, government, Internet

High-speed broadband will be a legal right for homes and businesses in the UK

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The UK Government has announced that homes and businesses will have a legal right to high-speed broadband of at least 10 Mbps by 2020. Ofcom, the UK’s communications regulator, says that 10 Mbps is the minimum speed needed to meet the requirements of an average family. The Department for Digital, Culture, Media, and Sport has plans for that to happen, and will set out the framework for a legal right to broadband in secondary legislation early next year.

Continue reading… “High-speed broadband will be a legal right for homes and businesses in the UK”

Bitcoin, Business, Finance, Money Talk

Bitcoin is the total opposite or a Ponzi scheme- here’s why

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What is a ‘Ponzi Scheme’, you ask?

“A Ponzi scheme is a fraudulent investing scam promising high rates of return with little risk to investors. The Ponzi scheme generates returns for older investors by acquiring new investors. This is similar to a pyramid scheme in that both are based on using new investors’ funds to pay the earlier backers. For both Ponzi schemes and pyramid schemes, eventually there isn’t enough money to go around, and the schemes unravel.” — Investopedia

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Amazon.com, Bill Gates, Business, Record Breaker

Thanks to Thanksgiving shoppers, Jeff Bezos is now the world’s only living $100-billion man

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Jeff Bezos had a lot to be grateful for this Thanksgiving weekend. After record-breaking weekend sales, Amazon’s stock price hit an all-time high of $1,213.41 a share on Monday. That pushed Bezos’ net worth to over $100 billion, which is up 35% from the same period last year, according to Bloomberg. Continue reading… “Thanks to Thanksgiving shoppers, Jeff Bezos is now the world’s only living $100-billion man”

AI, Business, Employment, Science & Technology News, Technological Unemployment

5 professions that could see significant growth with the rise of AI

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The words “artificial intelligence” often conjure up a sense of fear and apprehension. Fear for the unknown possibilities of AI, fear for the AI-fueled dystopian images brought about by movies like The Terminator, and most practically, fear for the possibility that AI will someday take our jobs. This fear is neither new nor totally unfounded. As with any disruptive technological invention, faster, more efficient machines are bound to replace human workers. However, those who fear AI will take their jobs can rest a little easier knowing they will at least have the potential to find a new job.

Continue reading… “5 professions that could see significant growth with the rise of AI”

Business, China, Internet, Record Breaker, Shopping

Chinese Singles’ Day spending blows Black Friday and Cyber Monday out of the water

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Americans see Black Friday and Cyber Monday as the ultimate consumer spending extravaganzas, but the annual “record breaking ” sales days have nothing on China’s so-called Singles’ Day. As we can see in this chart from Statista, Singles’ Day sales make the US Thanksgiving weekend spending look like chump change.

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