Didi and Volkswagen partner to develop a ‘purpose-built’ fleet and scale up autonomous driving capabilities

IMG_6768

Chinese ride-hailing giant Didi Chuxing is nearing an agreement with Volkswagen (VW) to deploy a “purpose-built” fleet of VW vehicles in its home country, according to The Wall Street Journal.

As part of the joint venture, the German carmaker would provide around 100,000 vehicles, electric and autonomous vehicle technology, and manage the fleet.

Continue reading… “Didi and Volkswagen partner to develop a ‘purpose-built’ fleet and scale up autonomous driving capabilities”

American highways are so expensive that cities are tearing them down — here’s what they’re turning into

IMG_6761

Traffic moves on the elevated Central Artery in Boston (2003, top). Parks and open space are seen in the same area (2007, bottom). AP

Throughout the 20th century, highways were key generators of economic growth for American cities. They allowed commuters to quickly travel between urban centers and the suburbs, unclogged traffic-ridden streets, and created infrastructure jobs.

But these days, investing in highways is a bad business decision for many cities.

An increasing number of cities around the US are choosing to tear down or transform parts of their dilapidated interstates, rather than repair them. These redevelopments are largely happening because old highways are costly to rebuild, according to Rob Steuteville from a DC-based nonprofit called the Congress for New Urbanism.

For the past decade, Steuteville’s team has documented cities that have or are considering highway removals. He expects the trend to continue to grow.

Continue reading… “American highways are so expensive that cities are tearing them down — here’s what they’re turning into”

The economics of artificial intelligence

IMG_6718

Rotman School of Management professor Ajay Agrawal explains how AI changes the cost of prediction and what this means for business.

With so many perspectives on the impact of artificial intelligence (AI) flooding the business press, it’s becoming increasingly rare to find one that’s truly original. So when strategy professor Ajay Agrawal shared his brilliantly simple view on AI, we stood up and took notice. Agrawal, who teaches at the University of Toronto’s Rotman School of Management and works with AI start-ups at the Creative Destruction Lab (which he founded), posits that AI serves a single, but potentially transformative, economic purpose: it significantly lowers the cost of prediction.

Continue reading… “The economics of artificial intelligence”

The most inclusive U.S. cities, mapped

IMG_6713

Heads up, cities: Economic growth does not necessarily go hand-in-hand with economic and racial inclusion.

That’s the finding of a new, in-depth analysis by the Urban Institute (UI) of the 274 largest cities in America. The report and accompanying data tool show how economic shifts in these cities since the 1980s have corresponded with “inclusion”—the ability of low-income residents and people of color to benefit from and contribute to the city’s economic gains.

Continue reading… “The most inclusive U.S. cities, mapped”

This generation has a huge and growing student debt burden. It’s not who you think

IMG_6700

A recent analysis of American debt revealed a startling shift: Borrowers between the ages of 45 and 74 now owe more money in education-related debt, on average, than do younger college graduates.

People under age 35 with student debt owe $32,900 on average, according to data from the Fed’s 2016 Survey of Consumer Finances. That debt number is higher for every other 10-year age bracket up to age 75: It peaks at $37,000 for 45- to 54-year-olds, but even 65- to 74-year-old borrowers owe an average $35,400.

Continue reading… “This generation has a huge and growing student debt burden. It’s not who you think”

The era of fake video begins

IMG_6698

The digital manipulation of video may make the current era of “fake news” seem quaint.

In a dank corner of the internet, it is possible to find actresses from Game of Thrones or Harry Potter engaged in all manner of sex acts. Or at least to the world the carnal figures look like those actresses, and the faces in the videos are indeed their own. Everything south of the neck, however, belongs to different women. An artificial intelligence has almost seamlessly stitched the familiar visages into pornographic scenes, one face swapped for another. The genre is one of the cruelest, most invasive forms of identity theft invented in the internet era. At the core of the cruelty is the acuity of the technology: A casual observer can’t easily detect the hoax.

Continue reading… “The era of fake video begins”

Five myths about artificial intelligence

IMG_6695

Artificial intelligence is the future. Google, Microsoft, Amazon and Apple are all making big bets on AI. (Amazon owner Jeff Bezos also owns The Washington Post.) Congress has held hearings and even formed a bipartisan Artificial Intelligence Caucus. From health care to transportation to national security, AI has the potential to improve lives. But it comes with fears about economic disruption and a brewing “AI arms race .” Like any transformational change, it’s complicated. Perhaps the biggest AI myth is that we can be confident about its future effects. Here are five others.

Continue reading… “Five myths about artificial intelligence”

Google exec issues warning over future of AI

IMG_6693

Google co-founder Sergey Brin sent the message in a letter to Alphabet shareholders (Source: Getty)

One of Google’s top execs and president of Alphabet Sergey Brin has raised concerns about the AI revolution in a letter to Alphabet’s shareholders.

In his annual letter sent to shareholders of Google umbrella organisation Alphabet yesterday, Brin said that “new questions and responsibilities” had been raised about the potential of AI.

Continue reading… “Google exec issues warning over future of AI”

Amazon made an Echo Dot for kids, and it costs $30 more than the original

IMG_6688

Those with an Amazon Echo device in their homes have likely already exposed their children to Alexa. Now, Amazon wants to give kids the opportunity to turn Alexa into their friend with the new Echo Dot Kids Edition. The hockey puck-like smart speaker doesn’t look too different from the original Dot, but it comes with new “Amazon FreeTime” content that gives kids new ways to interact with Alexa and parents more control over those interactions.

New parental controls and FreeTime Unlimited subscription coming soon, too.

Continue reading… “Amazon made an Echo Dot for kids, and it costs $30 more than the original”

Floating city of modular, eco-friendly pyramids is now enrolling citizens

IMG_6677

Pierpaolo Lazzarini envisions wayaland, a floating city made of modular pyramids that offers different living and entertainment facilities including hotels, shops, spas, gyms, bars and cinemas. completed with solar panels and water turbines for energy supply, the project aims to provide a new offshore living experience within a self-sustainable community.

The main waya pyramid comprises different modules that overlap on a floating 54 by 54-meter basement, offering a total surface of about 3000 m2. The basement includes a large entrance for boats and a reception, while the part of each module submerged underwater stores engines, equipment, additional energy sources and generators. dividing the height in ten different floors with a total surface of 6500 m2, the complete waya reaches a maximum height of 30 meters from the waterline.

Continue reading… “Floating city of modular, eco-friendly pyramids is now enrolling citizens”

The countries with the highest density of industrial robots

IMG_6664

Across the world, the pace of industrial automation is steadily accelerating. According to the International Federation of Robotics, there were 66 installed industrial robots per 10,000 employees globally in 2015 and that increased to 74 in 2016. Broken down by region, average robot density in Europe is 99 units per 10,000 workers, while’s it’s 84 in the Americas and 63 in Asia. Even though China has recorded the most dynamic development of robot density in recent years, South Korea has the highest level of density of any country on the planet.

Continue reading… “The countries with the highest density of industrial robots”

Discover the Hidden Patterns of Tomorrow with Futurist Thomas Frey
Unlock Your Potential, Ignite Your Success.

By delving into the futuring techniques of Futurist Thomas Frey, you’ll embark on an enlightening journey.

Learn More about this exciting program.