China just held a car race without any drivers

BD3F8AE6-328D-4CB3-8764-9A3A17B4B83FDriverless cars compete during the 3rd World Intelligent Driving Challenge in Tianjin.

China’s annual driving challenge attracts dozens of hopefuls.

China’s road to mastering driverless-car technology is bumpy and full of surprises — literally. Just ask those attending the country’s top autonomous-vehicle race .

In hot and windy conditions this week in the eastern city of Tianjin, dozens of self-driving cars raced for glory. On a circuit covering an area of 10 soccer fields, they navigated through bumps, sudden turns and artificial fog. Even fake cows and sheep suddenly crossed their paths for good measure. Some teams wreaked less havoc than others.

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Top 20 countries that make up most of the $91.5B global gaming business

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Only a fraction of the countries in the world make up the bulk of the tons of money spent on video games. The top 20 nations alone will spend $83 billion on video games by the end of 2015, according to intelligence firm Newzoo.

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Continue reading… “Top 20 countries that make up most of the $91.5B global gaming business”

China is ‘financially out of control’ according to Citi’s chief economist

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Citigroup’s chief economist, Willem Buiter,  sees a storm brewing in China. He estimated that there is a 55 percent chance of a made-in-China global recession in the not too distant future, which he defines as a period of sub-2 percent global growth.

Continue reading… “China is ‘financially out of control’ according to Citi’s chief economist”

Chinese factory run almost exclusively by robots, production soars

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One of the greatest fears in the technology industry is the fear that someday almost all of our jobs will be replace by robots. That fear is sometimes laughed off as something that will happen in the far future. But, the truth is that it is actually happening now.

Continue reading… “Chinese factory run almost exclusively by robots, production soars”

Innovation is the reason China’s solar is cheap

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You may hear quite often that “the only reason solar is so cheap is because China is dumping cells. ”Let me correct it. Here is the price, as of February 2015, of solar modules, per watt sold in Europe. SE Asia (Malaysia, mostly) is cheapest. China is next. Japan, Korea, and Germany are slightly above that.

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