China is overtaking US in artificial intelligence: researchers

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China is poised to overtake the United States in artificial intelligence with a surge in academic research on the key technology, an analysis published Wednesday showed.

The analysis by the Allen Institute for Artificial Intelligence showed China has already surpassed the US in published papers on AI — although many of these were considered “medium-quality” or “low-quality.” Continue reading

US military advantage has eroded, study says

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Photo: MANDEL NGAN;Mandel Ngan / AFP / Getty Images

 

WASHINGTON – The United States has lost its military edge to a dangerous degree and could potentially lose a war against China or Russia, according to a report released Wednesday by a bipartisan commission that Congress created to evaluate the Trump administration’s defense strategy.

The National Defense Strategy Commission, comprised of former top Republican and Democratic officials selected by Congress, evaluated the Trump administration’s 2018 National Defense Strategy, which ordered a vast reshaping of the U.S. military to compete with Beijing and Moscow in an era of renewed great-power competition. Continue reading

Russia to Surprise Rivals With Defense, Security Innovations – Putin

“We are yet to delight our partners and competitors with our latest developments in the field of defense and security. But what we will show — and here we will not be keeping secrets forever — will be used in civilian industries one way or another.”

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China moving from great to major power in space: Chinese research group

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China’s space capabilities are ranked the fourth in the world, and the gap between the leading powers is narrowing, according to a report issued recently by a Chinese research organization.

China is at a crucial period developing from a major power to a great power in space, says an evaluation by the Beijing Institute of Space Science and Technology Information, affiliated to the China Academy of Space Technology.

Last year saw a record 92 launches around the world, with 262 spacecraft put into orbit. The institute for the first time evaluated the space capabilities of 20 countries and regions across six aspects: strategy, product systems, infrastructure, industrial scale, innovation and international influence. Continue reading

There Will Be No 25-Year Depression

What we have here is not a failure of Capitalism, but a failure of experimenting with Socialism that is now resulting in the breakdown of society.

As geopolitical analyst and expert, JR Nyquist, once put it, America has fallen victim to Crony Capitalism, which is different than Capitalism itself.

 

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How it all works in crony heaven – until it doesn’t anymore – via bastiatinstitute.org

 

 

Good and Bad News

Today, we have bad news and good news. The good news is that there will be no 25-year recession. Nor will there be a depression that will last the rest of our lifetimes.

The bad news: It will be much worse than that. On Monday, the Dow rose another 43 points. Gold seems to be working its way back to the $1,200 level, where it feels most comfortable.

Old People Are Dead Wood

First, people are getting older. Especially in Europe and Japan, but also in China, Russia and the US. As we’ve described many times, as people get older, they change. They stop producing and begin consuming. Continue reading

Building work starts on first all-robot manufacturing plant in China’s Dongguan

Construction work has begun on the first factory in China’s manufacturing hub of Dongguan to use only robots for production, the official Xinhua news agency reported.

A total of 1,000 robots would be introduced at the factory initially, run by Shenzhen Evenwin Precision Technology Co, with the aim of reducing the current workforce of 1,800 by 90 per cent to only about 200, Chen Xingqi, the chairman of the company’s board, was quoted as saying in the report.

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Who Will Be Tomorrow’s Superpower?

The geo-political map is set to change. Is the world ready?

There’s a popular geopolitical parlor game called Who will be the next superpower?

While the game excels at triggering a mind-fogging tsunami of nationalistic emotions, it doesn’t shed much light on the really consequential question: What is power?

These are important questions to ponder as, around the world, unsustainable policies from the 20th century are beginning to fail in earnest. What will the future geopolitical landscape look like in their aftermath?

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China in 2030

This week, the World Bank issued “China in 2030,” a major report that calls for dramatic economic reforms to maintain China’s current rate of growth. In his opening remarks at the launch conference in Beijing on February 27, World Bank chief Robert Zoellick noted that China faces a number of challenges in the coming years, including a rapidly aging population, resource pressures, environmental issues, and rising inequality.

The report warns that China is at a “turning point in its development path,” and needs a new development strategy. It calls for six changes:

1.      Structural economic reforms

2.      Focus on innovation;

3.      Emphasis on “green” development

4.      Improve social security system;

5.      Strengthen the fiscal system; and

6.      Become a more active global stakeholder.

Full article: China in 2030 (The Diplomat)