Webvan, the online grocery start-up, may have been the single most expensive flame-out of the dot-com era, blowing through more than $800 million in venture capital and IPO proceeds in just over three years before shutting its doors in 2001.
Francis Fukuyama published his book, The End of History in 1992. He argued that, with the cold war over and liberal democracy triumphant, the major historical narrative dialectic of history was over.
On April 23 at 1:07 pm, a hijacked AP Twitter account falsely reported an attack on the White House. Just seconds later, major US stock indexes started to fall. They were down 1 percent by the time the tweet was publicly identified as bogus three minutes later. And in another three minutes, the markets had recovered to pre-tweet levels.
George Lucas and Steven Spielberg aren’t so keen on the future of the film industry. Lucas and Spielberg agreed at a talk at USC that it’s on track to have a “massive implosion”. At the core of their argument: there just isn’t enough time in the day for consumers to support all the films released in theaters. Films are competing with all the content and options that the Internet provides.
Wearing a cloud computer like Google Glass on your face can be important for capturing moments in life from a first-person perspective. Now the WNBA, the female division of the National Basketball Association (NBA), has decided to deploy its own version first-person camera to referees for live games.
Raffaello D’Andrea, in a robot lab at TEDGlobal, demos his flying quadcopters: robots that think like athletes, solving physical problems with algorithms that help them learn. In a series of nifty demos, D’Andrea show drones that play catch, balance and make decisions together — and watch out for an I-want-this-now demo of Kinect-controlled quads.
We think of 3-D printers as desktop machines. But Silk Pavillion, a new, stunning piece of architecture by the Mediated Matter Group at MIT Media Lab brings all of those assumptions into question.
The minds behind Backyard Brains, a neurological education and outreach company, are bringing the first commercially available cyborgs to the general public. They landed on Kickstarter Monday, and they’re wooing support from Internet backers worldwide. (Videos)
Baxter is a robot meant to work with people in small manufacturing facilities.
Erik Brynjolfsson, a professor at the MIT Sloan School of Management, and his collaborator and coauthor Andrew McAfee have been arguing for the last year and a half that impressive advances in computer technology—from improved industrial robotics to automated translation services—are largely behind the sluggish employment growth of the last 10 to 15 years. Even more ominous for workers, the MIT academics foresee dismal prospects for many types of jobs as these powerful new technologies are increasingly adopted not only in manufacturing, clerical, and retail work but in professions such as law, financial services, education, and medicine.
We have seen food delivery drones, and drones that even deliver wedding proposals, but there is one restaurant in the U.K. that aims to inject a bit of this robo-fueled futurism into your dining experience.
“People always ask me if this is the dawn of the augmented reality industry,”says Bruce Sterling, celebrated sci-fi author. “No, this is not the dawn,” he says with relish, “this is 10:45AM on what’s turning out to be a hot and turbulent summer day.” Augmented reality is here to stay.
Putting new information directly in front of users as they go about their daily tasks is sure to disrupt a wide variety of industries.
Technology that was once only science fiction is now becoming a reality. Robots, touch screens and iPads could become passé as Google’s latest invention, Google Glass, begins to change the world forever.