Nobody Is Going to Conventions. Convention Centers Are Growing

Indianapolis’s convention center hosted the National Rifle Association convention last year, just one of the many events that didn’t go off as usual in 2020.

By Mary Williams Walsh

The pandemic is intensifying the competition among cities, which are rushing to build bigger, more alluring event spaces.

After 20 years of trying, Indianapolis finally landed the American Dental Association convention. Last December, the group agreed to gather there in 2026, promising Indianapolis tens of thousands of visitors and tens of millions of dollars for the local economy.

But there’s a catch: The dentists can back out if the convention center complex does not complete a $550 million expansion: 143,500 square feet of new event and ballroom space as well as two privately financed hotels.

That helps explain why, in the depths of a pandemic that has left many convention centers empty or repurposed into field hospitals or homeless shelters, a 25-member board in Indianapolis voted unanimously in September to add up to $155 million to the public debt.

“We see convention tourism racing back in 2023,” said Chris Gahl, senior vice president of Visit Indy, the nonprofit that markets the Indiana Convention Center and attractions like the Indianapolis Motor Speedway. “When the green flag drops, we’re going to be on the competitive edge.”

Continue reading… “Nobody Is Going to Conventions. Convention Centers Are Growing”

Bitcoin is at a tipping point and could become ‘currency of choice’ for global trade, Citi says


Ryan Browne

  • Bitcoin could one day “become the currency of choice for international trade,” Citi said in a research note Monday.
  • The cryptocurrency is “at the tipping point of mainstream acceptance or a speculative implosion,” the bank added.
  • Bitcoin’s wild ascent over the last few months has forced big Wall Street players to reevaluate the cryptocurrency.

Citi thinks bitcoin is at a “tipping point” and could one day “become the currency of choice for international trade” as companies like Tesla and PayPal warm to it and central banks explore issuing their own digital currencies.

“There are a host of risks and obstacles that stand in the way of Bitcoin progress,” the U.S. bank’s global perspectives and solutions team wrote in a note Monday.

Continue reading… “Bitcoin is at a tipping point and could become ‘currency of choice’ for global trade, Citi says”

3 TRANSFORMATIVE TECHNOLOGIES THAT WILL REVOLUTIONIZE THE PLANET

The next agricultural revolution is coming.

AGRICULTURE’S IMPACT ON THE PLANET is massive and relentless. Roughly 40 percent of the Earth’s suitable land surface is used for cropland and grazing. The number of domestic animals far outweighs the remaining wild populations. Every day, more primary forest falls against a tide of crops and pasture, and each year an area as large as the United Kingdom is lost. If humanity is to have a hope of addressing climate change, we must reimagine farming.

Covid-19 has also exposed weaknesses with current food systems. Agricultural scientists have known for decades that farm labor can be exploitative and hard, so it should surprise no one that farm owners had trouble importing labor to keep farms running as they struggled to ensure food workers stay free from the virus.

Similarly, “just enough, just in time” food supply chains are efficient but offer little redundancy. And pushing farmland into the wilds connects humans with reservoirs of viruses that — when they enter the human population — prove devastating.

To address these challenges, new technologies promise a greener approach to food production and focus on more plant-based, year-round, local and intensive production. Done right, three technologies — vertical, cellular, and precision agriculture — can remake the relationship between land and food.

Continue reading… “3 TRANSFORMATIVE TECHNOLOGIES THAT WILL REVOLUTIONIZE THE PLANET”

THREE WORDS: SUPERSONIC. COMBAT. DRONES.

SKYNET IN THE SKY, BASICALLY.

Fly Like an Arrow

A Singapore-based aerospace company has developed a combat drone capable of reaching supersonic speeds. 

Kelley Aerospace unveiled their concept for an unmanned aerial vehicle (UAV) called the Arrow last week, according to Auto Evolution. The drone’s capable of flying more than 2,600 nautical miles at mach 2.1, or 1,611 miles per hour. That means the drone can fly from Los Angeles to Tokyo in a little over three hours — all while breaking the sound barrier.

Oh, and: It looks, straight up, like a UFO. 

Continue reading… “THREE WORDS: SUPERSONIC. COMBAT. DRONES.”

Hyundai proposes electric vehicle battery leasing plan to lower cost of EVs

THE PROPHECY CONCEPT. SOURCE: HYUNDAI

By JOSHUA S. HILL

South Korean automotive giant Hyundai is to create an electric vehicle (EV) battery leasing business with the aim of reducing the initial cost of buying an EV as well as providing services that enable eco-friendly re-use of the batteries beyond their useful EV lifespan.

Hyundai said this week it had signed a Memorandum of Understanding (MoU) with the South Korean Government, as well as LG Energy Solution and KST Mobility to demonstrate an EV battery leasing business, including for the rental of electric taxi batteries.

Under the plan KST Mobility will sell ownership of batteries in newly purchased EVs to Hyundai Glovis, the battery lessor. KST Mobility will then pay a monthly fee for battery usage, which will in turn ensure KST Mobility is able to reduce its initial investment on EV purchases.

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US-based ‘Tesla lite’ 3-wheeled electric vehicle startup passes $1B market cap

By Micah Toll 

Arcimoto’s market capitalization recently crossed the $1 billion threshold, making the three-wheeled electric vehicle company the newest member of the unicorn club.

Late last year, it looked like the sky was the limit for Arcimoto, which trades on the NASDAQ as FUV. 

Now it seems like the company has blown right through the sky and is headed for the moon.

Less than a year ago Arcimoto’s share price had dipped below $1. Yesterday it closed at $31.12.

While the entire market has shown impressive growth since bottoming out early in the COVID-19 pandemic, Arcimoto’s share price has grown 1,658% in the last 12 months.

With a current market cap of $1.23 billion as of market close yesterday, Arcimoto is gaining the attention of several well-known investors and EV bulls.

As the Portland Business Journal reported, new support from investor Ross Gerber has likely helped fuel the most recent growth in the company’s valuation.

Continue reading… “US-based ‘Tesla lite’ 3-wheeled electric vehicle startup passes $1B market cap”

Hyundai is working on a driverless car that can also turn into a ‘walking machine’

By Anmar Frangoul

  • As tech develops and consumer habits change, the sight of unmanned vehicles could become commonplace in both urban and rural locations. 
  • Drones have already been used to deliver medication to remote spots, for example. 

The Hyundai Motor Group has released details of a concept vehicle designed to function as both a four-wheel-drive car and a “four-legged walking machine,” in the latest example of how ideas on mobility and logistics are changing.

According to a statement from the South Korean automotive giant Wednesday, the vehicle — known as TIGER, or transforming intelligent ground excursion robot — has been designed to operate without a crew and in “extreme, remote locations.”

A team from Hyundai’s California-based New Horizons Studio has been working alongside U.S. firms Autodesk and Sundberg-Ferar on the project’s development.

Continue reading… “Hyundai is working on a driverless car that can also turn into a ‘walking machine’”

Waymo begins testing autonomous vehicles with riders in San Francisco

By Kyle Bradshaw 

After successfully opening Waymo One as a public driverless ride-hailing service in Phoenix, Waymo is beginning to test autonomous vehicles with riders in San Francisco.

Over on the official Waymo blog, the company shared that one of its major goals has been for its driverless vehicles to be robust enough to handle the complexities of San Francisco’s roads. In part, this goal is rooted in Waymo being based in the San Francisco Bay Area — having spun out of Google to become an Alphabet company in 2016.

However, a recent survey of San Francisco residents, taken by Waymo, reveals a more noble cause. A massive 63% of the respondents said “dangerous drivers” made it difficult to get around the city, while as many as 23% said they “don’t feel safe” on the roads.

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Planning 500,000 charging points for EVs by 2025, Shell becomes the latest company swept up in EV charging boom


By Jonathan Shieber

Shell’s plan to roll out 500,000 electric charging stations in just four years is the latest sign of an EV charging infrastructure boom that has prompted investors to pour cash into the industry and inspired a few companies to become public companies in search of the capital needed to meet demand.

Since the beginning of the year, three companies have been acquired by special purpose acquisition vehicles and are on a path to go public, while a third has raised tens of millions from some of the biggest names in private equity investing for its own path to commercial viability.

Continue reading… “Planning 500,000 charging points for EVs by 2025, Shell becomes the latest company swept up in EV charging boom”

Aptera solar electric car with ‘1,000 miles’ of range gets $4M in backing, more than 7,000 preorders

By Fred Lambert 

Aptera, a startup aiming to bring to market a solar- and battery-powered electric car with “up to 1,000 miles” of range, received $4 million in backing and more than 7,000 preorders.

This is Aptera’s second go. The company was created in 2006 with the aim of bringing to market a super-efficient three-wheeled vehicle.

Unfortunately, the project didn’t work out, but the original founders recently decided to revisit the project after having launched a different successful company in the electrification space.

Last year, Aptera relaunched with the unveiling of a new updated battery- and solar-powered version of its super-efficient three-wheeler design.

It claims a range of up to 1,000 miles and achieves that by making the vehicle extremely lightweight, with three wheels and a drag coefficient (Cd) of only 0.13.

With that kind of efficiency, it can achieve 250 miles of range on a fairly small battery pack, resulting in a vehicle starting at just $25,900.

Buyers can also configure the Aptera with a battery pack that extends the range to 400 miles for $29,800, 600 miles for $34,600, and 1,000 miles for $44,900.

Continue reading… “Aptera solar electric car with ‘1,000 miles’ of range gets $4M in backing, more than 7,000 preorders”

CRISPR Offers the Potential to Live Forever, But to What End?

By Matthew Bacher

Due to the unique consequences of the pandemic, we are able to catch a glimpse of a potential future. One where we sit, plugged into our computers, devoid of physical human connection. What will society look like after the pandemic? Will we continue to stay isolated? Surely advancements in technology have played key roles in prolonging our lives, allowing us to continue to “work” and “socialise,” but to what end? With these newly emerging technologies are we destined to live forever, in a suspended state, in front of the glow of our 4k computer screens? Will gene editing technologies be used to keep us alive forever so that we can binge watch infinite Netflix shows, send meaningless emails and scroll through social media feeds?

Continue reading… “CRISPR Offers the Potential to Live Forever, But to What End?”

Skill set workers need for the future job market

By Abdullah Shibli

As we fight to overcome the damages done by the Covid-19 pandemic and restart and recalibrate our economies, this is a golden opportunity to ask what we can do to prepare ourselves better for the next decade. One thing is certain. New technologies will emerge more rapidly now that we know how to adapt to a major catastrophic event such as the all-devouring Covid-19 virus and how to fight back. Innovative approaches to working and living will make the world in 2030 a different one than the one we had envisaged before the pandemic. And we all need to adapt to this new world. Bangladesh’s challenge is to transform our education programmes and skills development infrastructure to deliver the talents needed for an innovative, digitised, and post-agricultural economy in the forthcoming Fourth Industrial Revolution.

Bangladesh’s progress in manufacturing exports is comparable only to that of China and Vietnam. The apparent contradiction, however, lies in the fact that Bangladesh made such progress without any rapid structural transformation of the economy. Despite a very high share of manufacturing exports in total merchandise exports, the export basket of Bangladesh remained highly concentrated around low value-added and low-complexity products.

In the next decade, the largest challenge will be faced by women both in industrialised and emerging economies. Women hold jobs in areas that are predicted to grow, such as registered nurses and personal care aides—possibly accounting for 58 percent of new job growth. At the same time, women hold a large portion of shrinking jobs, like office clerks and administrative assistants, customer service, food service, and community services.

Continue reading… “Skill set workers need for the future job market”
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