Monday, October 07, 2019

Dubai's Remarkable Economic Transformation



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There are those who say Dubai is remarkable, but there are many cities like Dubai. I see Dubai in a league all its own. There are those who say Dubai is remarkable, but it is now downhill from here. I see that Dubai's best days are ahead still. It will not happen on its own. The effort will have to be made. But I am optimistic it will be made. Dubai is more than one chic city, beautiful to visit. Dubai can be to Pakistan what Hong Kong has been to China. Even today something like 60% of the FDI that goes into China goes through Hong Kong. Before the number was larger. There are things only governments can do. But once Pakistan can get its act straight on the basics like law and order, and infrastructure, I see Dubai playing an indispensable role in the rapid economic rise of Pakistan. For all its remarkable achievements I see Dubai ready for take-off. Dubai today is like China in 1990. I see that kind of graph ahead for the city. And it is dazzling as it is.

When I say Dubai is ready for take-off, that is not just a statement on Dubai the city, remarkable as it is, and the amazing transformation it has achieved in such a short period of time, but primarily a statement on where the world of technology is going. What will happen in tech in the next 25 years will be at least 100 times bigger than what has happened over the past 25 years. And Dubai is in a very good position to benefit from that. That positioning is a win-win for the world. Dubai will rise further and lift up the world with it.

I consider myself a student of Dubai's amazing transformation. I would like to know in great detail how it came to be.

As I see it, some of the future innovation in tech is going to be pretty capital intensive. And it might make sense for the various Gulf countries to channel their investments through Dubai. Dubai already has a reputation. Silicon Valley by now is many places. Silicon Valley always was an idea in the first place. And in thus channeling not only will Dubai rise to the next level, but it will also help every participating country follow its lead and similarly diversify. Diversification is survival at this point. It is diversify or decline for every country in the region. But in diversifying the region will lift the world. It will lift Africa. It will lift South Asia. It will lift the masses in the Middle East itself.

The Blockchain will do to money what the Internet has done to media. Money will be democratized. Look how easy it is to send messages and share photos and video clips today. The dollar a day people will get similar access to financial services. And places like Dubai that will facilitate all that will harvest rich dividends.

I am personally interested in making some moves. Today I had the good fortune to learn the wonderful people at Noor Almuna approved my loan application. And I am so very thankful. I have given to them in writing, I will give them first preference during phase two and phase three of my company. And I will.

But there is also a bigger picture. My real estate tech startup is going to be the first of several companies.

An entrepreneur like me is an artist who needs three buckets of paint. Human capital, financial capital, and physical capital (also known as technology). Indians powered the rise of Silicon Valley. And right now Dubai beats Silicon Valley on visa issues, although it could do even better. Dubai leads on the two buckets. And the third bucket is derivative. And Dubai is in an excellent geographic location. You have large masses in South Asia, and Africa nearby. Those are the next two Chinas.

I am itching to make moves in Dubai.


Dubai Economy
Here's how Dubai transformed from a fishing village to a global real estate hub
Dubai's the Very Model of a Modern Mideast Economy Saudi Arabia is trying to reduce its dependence on oil. A neighbor has already done it.
Dubai Economic Report 2018
How Dubai Became Dubai
Dubai – the future business capital of the world?





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Sunday, October 06, 2019

AI And Fire, I.E. Larry Ellison On Fire

Earlier in the afternoon, Ellison had made the point that the same regulators who are scrutinizing autonomous driving would likely have felt the same way about the invention of fire—too dangerous. Is AI dangerous? “Probably,” Ellison said with a grin. “More dangerous than fire.”

-- Larry Ellison







Oracle’s Larry Ellison on Uber, Tesla, Autonomous Driving, and More







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Sunday, September 29, 2019

Elon Musk's Starship Announcement












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Tuesday, September 24, 2019

Peter Diamandis: Spatial Web, Web 3.0

The Four Converging Technologies Giving Rise to the Spatial Web boundaries between the digital and physical are beginning to fade....... Web 3.0, or the Spatial Web ...... version 1.0, static documents and read-only interactions limited the internet to one-way exchanges. Web 2.0 provided quite an upgrade, introducing multimedia content, interactive web pages, and participatory social media. ..... mediated by two-dimensional screens. .............

the rise of Web 3.0, riding the convergence of high-bandwidth 5G connectivity, rapidly evolving AR eyewear, an emerging trillion-sensor economy, and powerful artificial intelligence.

....... freeing our eyes from the tyranny of the screen ....... convergence of AR, AI, sensors, and blockchain ...... graphics processing units (GPUs)—electric circuits that perform rapid calculations to render images ........ blockchain can now enable distributed GPU processing power, and blockchains specifically dedicated to AR holographic processing are on the rise. ........ cameras and sensors will aggregate real-time data from any environment to seamlessly integrate physical and virtual worlds ....... In healthcare, smart AR glasses will provide physicians with immediately accessible and maximally relevant information (parsed from the entirety of a patient’s medical records and current research) to aid in accurate diagnoses and treatments, freeing doctors to engage in the more human-centric tasks of establishing trust, educating patients and demonstrating empathy. ............. AR will converge with AI, sensors, and blockchain to multiply manufacturer productivity and employee experience. ....... digital guides superimposed on production tables will vastly improve employee accuracy and speed, while minimizing error rates. ........ Boeing brought Skylight’s smart AR glasses to the runway, now used in the manufacturing of hundreds of airplanes. Sure enough—the aerospace giant has now seen a 25 percent drop in production time and near-zero error rates. ........ Jaguar Land Rover, for instance, implemented Bosch’s Re’flekt One AR solution to gear technicians with “x-ray” vision: allowing them to visualize the insides of Range Rover Sport vehicles without removing any dashboards. ........ Perhaps one of the most profitable business opportunities, AR guidance through centralized AI systems will also serve to mitigate supply chain inefficiencies at extraordinary scale. Coordinating moving parts, eliminating the need for manned scanners at each checkpoint, and directing traffic within warehouses, joint AI-AR systems will vastly improve workflow while overseeing quality assurance. ............

“All these technologies that are coming together around artificial intelligence are going to augment the capabilities of the worker and that’s very powerful. I call it Augmented Intelligence. The idea is that you can take someone of a certain skill level and by augmenting them with artificial intelligence via augmented reality and the Internet of Things, you can elevate the skill level of that worker.”

.........Perhaps the most heartening outcome of the AI-AR convergence is that, rather than replacing humans in manufacturing, AR is an ideal interface for human collaboration with AI. And as AI merges with human capital, prepare to see exponential improvements in productivity, professional training, and product quality. ..........

Stacked convergence of blockchain, sensors, AI and AR will disrupt almost every major industry.

......... Because AR requires much more compute power than typical 2D experiences, centralized GPUs and cloud computing systems are hard at work to provide the necessary infrastructure. Nonetheless, the workload is taxing and blockchain may prove the best solution. ........ “I predicted that 90% of computing would eventually reside in the web based cloud… Otoy has created a remarkable technology which moves that last 10%—high-end graphics processing—entirely to the cloud. This is a disruptive and important achievement. In my view, it marks the tipping point where the web replaces the PC as the dominant computing platform of the future.” ............. our future of brick-and-mortar retail will largely lean on blockchain to create the necessary digital links. .....

distributed computing power with blockchain networks like RNDR will democratize AR, boosting global consumer adoption at plummeting price points.









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