The migrants who made China an industrial giant face a grim retirement
By: Economist Nov 30 , 2019 Even in a China filled with the shiny and the new, the southern city of Guangzhou stands out. A generation ago it was a smoggy, sweltering sprawl of factories and workshops, a bit embarrassed by its history as a semi-colony of Western powers, who knew it as Canton. Now Guangzhou […]
Cows on Russian Farm Get Fitted with VR Goggles to Increase Milk Production
By: Fabienne Lang November 26, 2019 If you walked onto the RusMoloko dairy farm near Moscow, in Russia, you may think you’ve arrived onto a bizarre futuristic film set, where cows run around fitted with VR headsets. The VR goggles aren’t props for a film, however. They have been specifically made for these dairy cows, […]
AI is learning quantum mechanics to design new molecules
By: Futurism Nov 22, 2019 A new machine learning algorithm could probe the quantum behavior of molecules, giving chemists a better ability to design new compounds from scratch. The AI system, with the ridiculous-sounding name “SchNOrb,” can look deeper into the structure and behavior of molecules than previous chemist-assisting algorithms, Inverse reports. Though SchNOrb — “SchNet for […]
OECD takes aim at tech giants with plan to shake up global tax
By: Chris Giles October 9, 2019 The OECD has proposed a global shake-up of corporate taxation, overturning a century of rules that have allowed digital groups such as Facebook, Apple, Amazon, Netflix and Google to shift profits around the world to minimise their tax bills. The proposals, which were unveiled on Wednesday after months of […]
OECD reform weak on corporate tax havens, harsh on poorer countries
By: Tax Justice Network October 7, 2019 The OECD’s highly anticipated proposal for reform of international tax rules will likely further intensify global inequalities and fail to curb rampant tax abuse, new analysis reveals. The OECD’s reform plan is expected to reduce profits booked in corporate tax havens by just 5 per cent, and redistribute […]
UK economy has ‘too few robots’, warn MPs
By: Sean Farrell September 18, 2019 The UK is lagging behind the world’s other advanced economies in the shift to robots and automation in the workplace – putting jobs, businesses and the prosperity of whole regions at risk, according to an influential group of MPs. MPs on the business, energy and industrial strategy (BEIS) committee […]
Is a Robot Really Going to Take my Job?
Our chair, Di, is speaking at Women of The Square Mile on May 15, 2019, with the session: It appears that automation is increasingly in the headlines for replacing jobs. The World Economic Forum says more than 7 million jobs are at risk from advances in technology in the world’s largest economies over the next […]
How the world will change as computers spread into everyday objects
By: The Economist September 12, 2019 O N AUGUST 29TH, as Hurricane Dorian tracked towards America’s east coast, Elon Musk, the boss of Tesla, an electric-car maker, announced that some of his customers in the storm’s path would find that their cars had suddenly developed the ability to drive farther on a single battery charge. […]
More Robots Mean 120 Million Workers Need to be Retrained
By: Shelly Hagan September 6, 2019 More than 120 million workers globally will need retraining in the next three years due to artificial intelligence’s impact on jobs, according to an IBM survey. That’s a top concern for many employers who say talent shortage is one of the greatest threats to their organizations today. And the […]