Get ready for low-cost jet engines that reach space without burning fossil fuels

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Researchers are working on plasma jet engines that could fly aircraft to the edge of space using air and electricity alone. This development would mean lower operational costs, extended range, and a clean power source for commercial flights.

Continue reading… “Get ready for low-cost jet engines that reach space without burning fossil fuels”

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 adoption is limited by incurred risk, not potential benefit

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It’s tempting to think that adoption of AI is limited by the technology itself. Headlines declaring the rise of robot doctors and approaching technological singularity, contrasted with humorous memes of robots falling over, make us alternately fear and doubt AI’s capabilities. In practice, however, decades-old AI technologies could unlock significant value, although many companies still have yet to adopt them. This is because adoption of AI is determined by both trust and risk. Thinking about AI adoption in this way enables us to more accurately anticipate opportunities for AI startups.

Continue reading… “AI adoption is limited by incurred risk, not potential benefit”

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”

Elon Musk has finished building the world’s biggest battery in less than 100 days

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Elon Musk looks to have delivered on his promise to build the biggest lithium ion battery in the world in an effort to help South Australia with its crippling energy problems. “100 days from contract signature or it’s free,” Musk tweeted at the time, in a deal initially negotiated over Twitter. Musk is well ahead of schedule (a rarity for Tesla!), with the 100MW battery set to be energised and tested in the coming days, according to a press release from the local state government.

Continue reading… “Elon Musk has finished building the world’s biggest battery in less than 100 days”

Saudi Arabia just announced plans to build a $500 billion mega-city that’s 33 times the size of New York City

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The Saudi Arabian government says it will build a $500 billion mega-city, with the goal of diversifying its economy to focus less on crude oil.

The project, called NEOM, will measure 10,230 square miles.

Saudi Crown Prince Mohammed bin Salman said the government will aim to make NEOM run on 100% renewable energy – a highly ambitious goal.

Continue reading… “Saudi Arabia just announced plans to build a $500 billion mega-city that’s 33 times the size of New York City”

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