Föhrenbergkreis Finanzwirtschaft

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Posts Tagged ‘Technology’

The Innovation Dilemma

Posted by hkarner - 20. September 2018

Date: 19-09-2018
Source: YaleGlobal by Stephen S. Roach

The US president has imposed another round of tariffs, targeting $200 billion worth of goods from China, and China quickly retaliated with tariffs on $60 billion in US goods. But tensions between the two nations extend beyond trade, explains author Stephen S. Roach, senior fellow with the Yale Jackson Institute for Global Affairs and former chairman of Morgan Stanley Asia. As the United States fails to save and China struggles to encourage domestic spending, tariffs increase prices and exacerbate challenges, and Roach contends the real quarrel between the two nations is over innovation: “China may now be coming full circle — from an ancient civilization that once led the world in technology to a modern nation now focused on research, scientific development, innovation and commercialization of these activities.” China may be ready to protect its own intellectual property, yet the United States has launched a destructive trade war. “In the end, America’s race, like that of most nations, is more with itself than with any purported foreign adversary,” Roach concludes. “America’s scapegoating of China is a convenient excuse for ducking the tough issues of economic strategy that the United States has avoided for decades – namely, its saving and productivity imperatives.” – Den Rest des Beitrags lesen »

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Future Politics: Living Together in a World Transformed By Tech – review

Posted by hkarner - 18. September 2018

Date: 17-09-2018
Source: The Guardian by Nick Cohen

In an age where our every action can be harvested as data and used against us, Jamie Susskind’s book makes crucial reading

US sentencing algorithms are more likely to predict that black offenders will more likely reoffend than whites.

Nothing is as remote as yesterday’s utopias. From the 1990s until the end of the last decade, the explosion in computing power was seen by wide-eyed optimists as a force for liberation that would lay low unaccountable authority. Their eyes have narrowed now. Democracy, justice, our very ability to earn a living, feel precarious. “All that is solid melts into air,” said Marx of 19th-century capitalism. In our times, not only do economic systems feel unstable, but basic assumptions on how humans live together.

Now, and ever more so in the future, how we perceive the world will be determined by what is revealed and concealed by social media and search services, affective computing and virtual reality platforms. The distinction between cyberspace and real space is becoming redundant. The two are merging, and as they come together, companies and states will have the power to control our perceptions. The fragmentation social media promotes has been discussed to death. But it is worth stressing that automated systems are placing us in silos.
It is their choice not ours to create a world where the people who most need to hear opposing views are the least likely to hear them. Meanwhile, the scandal of the Brexit campaign is setting the pattern for all campaigns; showing how politcians and their agents can harvest data and target propaganda, tailored to meet its recipients’ prejudices, without any public authority regulating it or even knowing about it. Den Rest des Beitrags lesen »

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Top 10 Emerging Technologies of 2018

Posted by hkarner - 17. September 2018

Date: 16-09-2018
Source: Scientific American

Disruptive solutions that are poised to change the world – a special report produced by Scientific American in collaboration with the World Economic Forum

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Chinese Growth Spurt

Posted by hkarner - 17. September 2018

September 14, 2018

So it is with China. We hear a lot about that vast country’s problems and challenges. They are very real and could have major consequences… which we will explore soon… but there’s good news, too. We reviewed some of it last week in China’s Command Innovation. Today, we’ll add a few more positive data points.

This letter will be a little different than most. Below you’ll read several short vignettes about positive events in China. They aren’t necessarily related and won’t build to any particular conclusion. My goal is simply to demonstrate that China has good news, and even some fabulously great news, much of it quite compelling. Whether it is enough to overcome the challenges is a different question we will address next time. And frankly, the manner in which they are growing clearly makes Western countries uncomfortable, as it is not our usual playground.

First, a quick aside. We have been making an aggressive effort to keep the main body of this letter around 3,000 words, a length most people can read in a few minutes. We’ve had good feedback on it, too. Then in my personal section, I share a great story from Art Cashin from last Monday night. So you can read either part of this letter, or both, as you wish. Den Rest des Beitrags lesen »

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Adyen’s IPO Success Spurs Hopes European Tech Scene Has Turned a Corner

Posted by hkarner - 17. September 2018

Date: 16-09-2018
Source: The Wall Street Journal

London, Paris and Berlin have developed tech ecosystems, with growing numbers of local venture-capital firms and incubators

A model autonomous vehicle stands on a desk at a technology conference in Berlin earlier this year. The German city has had a slew of tech startups go public recently.

The rousing recent listing of Dutch payments company Adyen NV is offering investors hope that Europe’s tech scene is finally fertile enough to generate a stream of successful startups. Den Rest des Beitrags lesen »

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China’s tech founders mostly keep an iron grip over their firms

Posted by hkarner - 15. September 2018

Date: 13-09-2018
Source: The Economist
Subject: Command and control

Jack Ma’s graceful exit from Alibaba is unusual

A WRY joke has been circulating on China’s internet. The founders of the country’s three most prominent technology firms—Jack Ma of Alibaba, Pony Ma of Tencent and Robin Li of Baidu—go for a stroll. One drowns. How would their stocks react? If it were Mr Ma of Alibaba, its shares would fall. If it were Mr Ma of Tencent (no relation), they would remain unchanged. And if it were Mr Li of Baidu, they would rise.

The joke is one small indication of how China’s entrepreneurs-turned-billionaires, symbols of the rise of its internet, engross citizens. They publish collections of their speeches and pen books, such as “Intelligence Revolution” by Mr Li and “China At Your Fingertips” by Tencent’s Mr Ma, and their various pronouncements on how to succeed are memorialised as quotes.

Lately China’s corporate superstars have given social-media crowds plenty more to parse. The joke proved partially correct about Jack Ma (pictured above): a report that he would abruptly retire, later clarified by the company to explain that Mr Ma would be stepping down as chairman in a year’s time, prompted a decline of 3.7% in Alibaba’s share price. But mostly investors took the news in their stride. To focus on his philanthropic foundation, he will hand over to Daniel Zhang—who lacks Mr Ma’s star quality, certainly, but who has been an adroit chief executive for Alibaba since 2015.

All of which makes for a striking contrast with events at JD.com, Alibaba’s arch-rival in e-commerce. Early this month it emerged that Richard Liu, JD.com’s founder and boss, had been briefly arrested in the American state of Minnesota on a rape allegation. His mugshot circulated and Chinese internet users swapped information on details of America’s legal process. In two days of trading JD.com’s shares fell by 16%, their biggest drop since listing on America’s Nasdaq in 2014, losing $7.2bn of market value. The police investigation is ongoing (Mr Liu has denied any wrongdoing, through his lawyers). Den Rest des Beitrags lesen »

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Why Being First in 5G Matters

Posted by hkarner - 14. September 2018

Date: 13-09-2018
Source: The Wall Street Journal

The U.S., China, South Korea and Japan all see a big payoff from winning the battle for the wireless future

The race to be the first 5G country has begun—and the winner stands to gain a lot.

Around the world, giant wireless-technology companies are coordinating with their governments to come up with winning strategies to implement 5G, the next generation of cellular networks that promise to deliver ultrafast speeds and open up a range of new applications.

The U.S., China, South Korea and Japan are leading the early rounds. AT&T and Verizon plan city-by-city 5G launches starting later this year, while China expects national coverage by 2020.

While wireless-industry executives say applications that tap the full potential of 5G—self-driving cars, virtual reality and remote surgery—are several years away, leading the way does matter for a country’s economy, if the race to 4G is a guide. If the U.S. hadn’t led the way on 4G, the country might not dominate mobile technology, and its platforms, such as Instagram, Snapchat and perhaps even Facebook and Netflix might not have become global powers. Den Rest des Beitrags lesen »

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Education in the Age of Automation

Posted by hkarner - 13. September 2018

Lee Jong-Wha

The race is on between technology and education. The outcome will determine whether the opportunities presented by major innovations are seized, and whether the benefits of progress are widely shared.

SEOUL – As digital technologies and automation have advanced, fears about workers’ futures have increased. But, the end result does not have to be negative. The key is education.

Already, robots are taking over a growing number of routine and repetitive tasks, putting workers in some sectors under serious pressure. In South Korea, which has the world’s highest density of industrial robots – 631 per 10,000 workers – manufacturing employment is declining, and youth unemployment is high. In the United States, the increased use of robots has, according to a 2017 study, hurt employment and wages. Den Rest des Beitrags lesen »

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Revolutionary Future Ahead

Posted by hkarner - 27. August 2018

August 24, 2018

Change Happens Fast 

The Mathematical Reason for Accelerated Change

As someone privileged to have met some of the world’s greatest thinkers, I know what first-rate intelligence looks like. I am not in their league, but I think I’m pretty good at holding opposing ideas. It’s why I’m often called the “muddle-through guy.” When I consider contradictory scenarios, I figure reality will be somewhere in between. That’s right more often than you might suspect.

So, let’s consider two seemingly conflicting ideas.

  1. Major economic pain is coming.
  1. We have a bright, prosperous economic future.

Can both of those be right? I think so. Den Rest des Beitrags lesen »

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When China Rules the Web

Posted by hkarner - 15. August 2018

Date: 14-08-2018
Source: Foreign Affairs By Adam Segal

Technology in Service of the State

For almost five decades, the United States has guided the growth of the Internet. From its origins as a small Pentagon program to its status as a global platform that connects more than half of the world’s population and tens of billions of devices, the Internet has long been an American project. Yet today, the United States has ceded leadership in cyberspace to China. Chinese President Xi Jinping has outlined his plans to turn China into a “cyber-superpower.” Already, more people in China have access to the Internet than in any other country, but Xi has grander plans. Through domestic regulations, technological innovation, and foreign policy, China aims to build an “impregnable” cyberdefense system, give itself a greater voice in Internet governance, foster more world-class companies, and lead the globe in advanced technologies.

China’s continued rise as a cyber-superpower is not guaranteed. Top-down, state-led efforts at innovation in artificial intelligence, quantum computing, robotics, and other ambitious technologies may well fail. Chinese technology companies will face economic and political pressures as they globalize. Chinese citizens, although they appear to have little expectation of privacy from their government, may demand more from private firms. The United States may reenergize its own digital diplomacy, and the U.S. economy may rediscover the dynamism that allowed it create so much of the modern world’s technology. Den Rest des Beitrags lesen »

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