Russia and China see a new way to completely control their financial systems.
This sounds a little like Minority Report to us. China is looking into predictive analytics to help authorities stop suspects before a crime is committed.
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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Cheaper robots may help move some car manufacturing work away from low-cost locations like China back to factories in Germany and North America, Donald Walker, Chief Executive of auto supplier Magna told Reuters.
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.
China’s Netflix, LeTV, is developing an electric car to take on Tesla. They’ve hired 600 people—including 200 stationed in the U.S.—to develop the car that they revealed for the first time.
The Chinese government has begun to tighten controls on the internet as the police announced in August the arrests of about 15,000 people for crimes that “jeopardized Internet security.”
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.
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.
The economy in China is shrinking, and it’s happening faster than anyone expected, not even the country’s government.