Rich people are going to find it easier to adapt to automation.
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Iconic mall-based department chains, like Sears and JC Penney, are announcing hundreds of store closures in 2017. More chains are expected to announce shutdowns over the next decade. Experts say the shuttered locations could turn into other businesses that benefit from the large square footage, like fitness centers, churches, offices, public libraries, movie theaters, and medical clinics.
Bytecoin, an untraceable privacy-preserving cryptocurrency, has just seen an astronomical triple-digit percent surge in price. The cryptocurrency soared to the all time high market capitalization of $444,000,000, before calming down to around $300,000,000 and establishing itself at the top 10 cryptocurrencies by market capitalization at the time of writing (according to CoinMarketCap). A symbolic turning […]
If you’re impress with the progress we’re making with A.I. so far, hang onto your hats. We’re just getting started. Over the next 10 years, artificial intelligence will make more progress than in the fifty before it, combined. With countless quickly oncoming applications to business, government, and personal life, its influence will soon touch absolutely every […]
Amazon is looking for a staggering 1,300 warehouse units across Europe to fulfil its commitments for its one-hour Prime Now delivery service. The online retailer is understood to be seeking small warehouse units in urban locations near major cities, as consumers increasingly demand shorter delivery times for goods from laptops to lawnmowers.
Only 3% of seniors wait until 70 to collect social security even thought it’d mean a 76% larger payment
Social Security is a program that forms the financial foundation for a majority of our nation’s retired workers, and that’s not expected to change anytime soon. We’re really dependent on Social Security income, and that could be a problem Data from the Social Security Administration (SSA) shows that 61% of all current retired workers receiving benefits […]
When craft brewers get together, we agree that this is the greatest time in history to be a beer drinker in America. In 1981, there were only 82 breweries in the United States, and our beer, fizzy and flavorless, was the laughingstock of the beer world. Today, America is home to over 5,300 small, innovative […]
Marijuana ‘trimmigrants’ have the hardest job in the industry ― and they could soon be upstaged by robots
Every summer, tens of thousands of migrant workers swarm a remote area of Northern California — the marijuana-growing capital of the US — to find work as “trimmers” after the weed has been harvested. Their job is to prune the fluffy, green buds with small pairs of scissors to clear them of leaves before they […]
The company has secured the grant from Tekes, the Finnish funding agency for innovation, which it plans to invest in an R&D centre in Turku, Finland. Engineers at the site will carry out development projects focusing on land-based control centres and the use of artificial intelligence (AI) in remote and autonomous shipping. There is still […]
Amazon’s stock price has been on a tear over the last year, gaining 46%. A Barclays equity research team led by Ross Sandler thinks that the party may just be getting started, initiating coverage of the stock with $1120 price target, or 29% upside. In a flurry of notes released from their Internet & Media desk on March 29, […]