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Daily Archives: May 30, 2017
Jobs in the Age of Artificial Intelligence by Simon Johnson and … – Project Syndicate
Posted: May 30, 2017 at 2:30 pm
WASHINGTON, DC The world has no shortage of pressing issues. There are 1.6 billion people living in acute poverty; an estimated 780 million adults are illiterate. Serious problems are not confined to the developing world: deaths of despair, for example, are raising mortality among white males in the United States. Even when advanced economies grow, they are not lifting all boats. Higher-income groups thrive while lower-income households and minority groups are consistently left behind.
And now some analysts suggest that new forms of computer programming will compound these developments, as algorithms, robots, and self-driving cars destroy middle-class jobs and worsen inequality. Even the summary term for this technology, Artificial Intelligence, sounds ominous. The human brain may be the most complex object in the known universe, but, as a species, we are not always collectively very smart. Best-selling science fiction writers have long predicted that we will one day invent the machines that destroy us.
The technology needed to create this dystopian future is not even on the horizon. But recent breakthroughs in AI-related technologies do offer enormous potential for positive advances in a range of applications from transportation to education and drug discovery. Used wisely, this boost in our computational abilities can help the planet and some of its most vulnerable citizens.
We can now find new patterns that are not readily evident to the human observer and this already suggests ways to lower energy consumption and carbon dioxide emissions. We can increase productivity in our factories and reduce food waste. More broadly, we can improve prediction far beyond the ability of conventional computers. Think of the myriad activities in which a one-second warning would be useful or even lifesaving.
And yet the fear remains: Wont these same improvements entail giving up all of our jobs or most of our good jobs? In fact, there are three reasons why the jobs apocalypse is on hold.
First, Moravecs paradox applies. Hans Moravec and other computer scientists pointed out in the 1980s that what is simple for us is hard for even the most sophisticated AI; conversely, AI often can do easily what we regard as difficult. Most humans can walk, manipulate objects, and understand complex language from an early age, never paying much attention to the amount of computation and energy needed to perform these tasks. Smart machines can perform mathematical calculations far exceeding a humans capabilities, but they cannot easily climb stairs, open a door, and turn a valve. Or kick a soccer ball.
Second, todays algorithms are becoming very good at pattern recognition when they are provided with large data sets finding objects in YouTube videos or detecting credit card fraud but they are much less effective with unusual circumstances that do not fit the usual pattern, or simply when the data are scarce or a bit noisy. To handle such cases, you need a skilled person, with his or her experience, intuition, and social awareness.
Third, the latest systems cannot explain what they have done or why they are recommending a particular course of action. In these black boxes, you cannot simply read the code to analyze what is happening or to check if there is a hidden bias. When interpretability is important for example, in many medical applications you need a trained human in the decision-making loop.
Of course, this is just the state of technology today and high rates of investment may quickly change what is possible. But the nature of work will also change. Jobs today look very different from jobs 50 or even 20 years ago.
And new computer algorithms will take time to penetrate the economy fully. Data-rich sectors such as digital media and e-commerce have just begun to unleash the capabilities AI has created. The multitude of narrow AI applications that could affect jobs in sectors such as health care, education, and construction will take much longer to spread. In fact, this may come just in time an aging population in developed economies implies a smaller workforce and greater need for personal care services in the coming decades.
Public policy decisions will shape the AI era. We need opportunity and competition, not the growth of powerful monopolies, in order to promote technological progress in a way that does not leave a large number of people behind. This requires improving access to all forms of education and at low or zero cost.
With developed economies competitors, including China, investing heavily in AI, policymakers should be increasing support for basic research and ensuring that their countries have the physical and human resources they need to invent and manufacture everything connected with this major new general purpose technology.
We should not underestimate humans abilities to inflict damage on their community, their environment, and even the entire planet. Apocalyptic fiction writers may one day be proved correct. But, for now, we have a powerful new tool for enabling all people to live better lives. We should use it wisely.
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Bursting the artificial intelligence hype – Information Age
Posted: at 2:30 pm
As with any technology, of course, AI is going to affect the assumptions people have for different careers. But the repetitive nature of many jobs can be tackled head-on with the right AI technology
PwCs report on the impact of automation on jobs suggests that almost a third of UK jobs are at risk of being replaced by robots following advancements in artificial intelligence (AI) and automation.
The report warns that without careful consideration certain low-skilled jobs will be drastically exposed over the next 15 years. But what if peoplestep back from the doom-and-gloom for a second? Businessescant ignore the significant benefits that come from bringing AI into the workplace forever. First step, though burst the hype that surrounds AI.
It wasnt too long ago that AI largely belonged in the genre of science fiction. Societyis now starting to think more seriously about the consequences of AI and automation for the workplace and peopleswider lives.
>See also:How AI and metadata are taking the hard work out of content discovery
Consumer AI applications like Alexa or Siri make regular headlines, making the technology seem a business imperative thats sure to transform work forever. In all honesty, much of this AI bubble in which businesses find themselves today is simply over-hyped and, in many cases, completely impractical when talking about adding tangible business value. Take new deep learning solutions, for example. Though they may signal a new era of technical capability, the truth is that currently theyre only touching the edge cases of business value.
Computers have been automating simple tasks for decades. Alan Turing toiled away at Bletchley Park in the 1940s, making computers artificially intelligent. Theres a tendency to think of AI as something altogether new. As a consequence, the more proven AI use cases that have been in operation for many years are now, by comparison, criminally underappreciated and under-hyped.
The state of AI technology today has been proven to deliver meaningful business value for leading organisations around the world. Previously, this wastalked about as decision management software that combines data-driven analytics and human-configured rules to identify what is the next best available action. Machine learning check. This is AI too. For quite a while now, decision management has played an important part in helping blue-chip organisations of all descriptions to forge stronger customer relationships and to manage their resources more effectively, improving operational efficiency and increasing profitability.
>See also:AI: the greatest threat in human history?
This is can be described as Pragmatic AI, according to Forrester. Though it may not wow the public the way a talking butler or even deep learning technology might, thinking about Pragmatic AI is a good way of cutting through the AI hype and measuring how the technology can have a palpable and meaningful impact for businesses.
Its easy to get distracted by the latest shiny new tech, but organisations have to assess whats the right technology for them to reach their business objectives. Those objectives can take different forms. One company could be using Pragmatic AI to retain existing customers, while another might use it to automate specific repetitive processes and maximise resources. In a way, the technology itself is irrelevant its just a tool to get you to your business outcome. If the tool isnt doing that, its largely a useless investment.
Dont get the wrong idea, though. Some of the cutting-edge technology being hyped in the media today could still have a real say for businesses striving to adapt and meet new goals in the future. As companies think about different ways of interacting with customers, voice and language recognition can provide a lot of the answers.
Sophisticated chat bots, for instance, can support new channels and maintain conversations across a number of different platforms naturally and with a conversational touch. It has the potential to really elevate customer experience.
>See also:The role of AI in cyber security
Commercial organisations need AI to do the hard work of growing revenue and driving down costs. Its not easy to transform interactions with customers, improve loyalty by adding value, and sell more products and services at the same time.
Businesses can respond to changing circumstances in the needs of consumers and manage resources intelligently. When an unexpected cold snap suddenly affects a particular area, for instance, the demand for snow chains goes up: thats where an intelligent AI process can make sure the right action is taken by prioritising and diverting resources to where theyre needed.
Employees of a company are slowed down by schedules overloaded with low-value work. Responding to this, along with other concerns, businesses have been rapidly turning to AI and robotic automation software to reduce costs and increase efficiencies by automating high volume and repetitive tasks that get in the way of delivering the best possible customer experience.
Customer-facing employees are freed up so they can focus on adding value where it really counts. Businesses will increasingly recognise and address the fact that every customer interaction is precious and valuable. And the AI gives added intelligence and insight that employees otherwise wouldnt have.
>See also:AI and automation will be far more significant than Brexit
AI is more likely to augment human jobs than to replace them. The relationship between work and value is starting to change too. Marketers will have to better understand how to use AI and data to target their offers; business leaders and managers will need to know how to use software robotics and automation to drive effectiveness.
As with any technology, of course, AI is going to affect the assumptions peoplehave for different careers. But the repetitive nature of many jobs can be tackled head-on with the right AI technology.
Businesses woulddo well to overcome the fact that AI has been both over-hyped and under-appreciated, by not buying into all of the AI hype out there today, and by appreciating the tried and tested aspects of this technology that have worked for so many.
Sourced by Don Schuerman, chief technology officer, Pegasystems
The UKs largest conference fortechleadership,TechLeadersSummit, returns on 14 September with 40+ top execs signed up to speak about the challenges and opportunities surrounding the most disruptive innovations facing the enterprise today.Secure your place at this prestigious summit byregisteringhere
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Losing Games To Artificial Intelligence Is Helping Humanity Advance – WPTV.com
Posted: at 2:30 pm
In contests between humans and machines, humans keep losing but at least we're getting something out of our defeats.
Google's AlphaGo, the artificial intelligence designed to play the strategy game Go, recently beat thetop-ranked player. It also beat a team offive world-class Go players by itself.
The victory is historic for AI because AlphaGo is programmedto teach itself the gameinstead of working from a defined set of commands.
SEE MORE: Future Construction Sites Will Be Full Of Robots
It has now retired from competitions to focus on other tasks, like finding cures for diseases.
IBM's Watson followed a similar path. It defeated the person who held the longest winning streak in "Jeopardy" history, and then it entered the medical field. It's already diagnosed a woman with a rare form of cancerthat doctors couldn't identify.
There's also an AI that plays Texas Hold'em. It outplayed four professional poker players by about $1.75 million in chips. Its technology is expected to be harnessed in fields where using misinformation to negotiate can be a benefit, like in military strategy or business negotiations.
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When Artificial Intelligence and Social Media Marketing Collide – TNW
Posted: at 2:30 pm
Both artificial intelligence and social media marketing are getting a lot of attention nowadays because of their huge benefits and growth potential. They are benefiting both businesses and normal people in various ways. The investment has already been growing in the artificial intelligence, and the investment is further expected to grow by around 300%, according to the prediction made by the Forrester.
Talking about the social media platforms, more than 2.5 billion people are already using various social media platforms as per the statistic. This is nearly a 1/3 population of the whole planet. A marketer has the potential to reach a large no. of potential customers from all over the world with the help of various social media platforms. The artificial intelligence (AI) is already playing a key role in various business sectors, and now its colliding with the social media marketing.
The artificial intelligence has a long way to go; however, its thriving in a very quick pace. The entrance of the artificial intelligence has already revolutionized the social media marketing. Here are the ways how the artificial intelligence is changing the social media marketing.
There are some brands that need to publish huge volumes of posts every day. These brands also employ plenty of influencers by doing some social media outreach to promote their products. They find it difficult to decide which posts to highlight and which posts are likely to perform well among their audiences. Because its a tedious task to analyze huge volumes of contents, its more about guesswork.
The slack bots have been developed to avoid the guesswork. The bots have the ability to predict the chances of success of various contents and they can suggest the pieces of contents which have the highest possibility of doing well. Furthermore, these bots can also find the similar content on the social media and show you the performance of the content.
The Facebook, which is the most popular social media platform in the world today, is focusing a lot on the development of the artificial intelligence these days. They have recently developed the facial recognition feature, and this feature is not only the tool to enhance the tagging function of the Facebook.
This feature can be used in various ways by the brands for developing their social media marketing strategies to further increase the reach and success of their social media marketing campaign. For an instance, the hotels, restaurants, clothing stores, and others can provide the coupons to their followers who post their picture in their place. With the images publishing getting more popular these days, this feature can help the brands to stand out with their posts.
There are many creative social media marketers who are awesome at creating awesome contents. However, its not an easy task for the marketers to release the content, building schedules, maintaining content, and analyzing content. This is another reason why the artificial intelligence is so crucial for the social media marketers. The artificial intelligence can release all the pressure of analyzing and managing the content for the marketers.
Not only the use of AI will take off the pressure from the marketers, but it will also help them to grow as a successful marketer. The machine learning and other AI tools can analyze competitors performance, your historical content and performance, and much more to help you learn. These tools also provide you with the idea of what consumers want to see or want, which will help to make your every campaign an effective campaign. This can also help to publish better sponsored blog posts to reach more people with the content people want to see.
According to the study, the majority of the customers want to interact with the businesses via message nowadays. Its because its very easy to communicate with the brands via a message in comparison to the telephone. Furthermore, the customers also want businesses to respond them as quickly as possible. Its not possible to respond to a lot of customers queries quickly, and this is where the artificial intelligence is playing the role.
The social media marketers have the responsibility to engage with the customers after they are successful in getting plenty of queries regarding their posts. The artificial intelligence can help them to prioritize the queries of the customers, help them to find out whether the messages are from trolls or real users, and much more. All these tools can help the social media marketers to serve their customers in a better way; thus, increasing the chance of conversion.
The social media marketers need to listen to their followers to plan their next posts and also to make an overall strategy. The only way to find out what the customers want, the marketer needs to collect, interpret, and understand the data. However, the problem is that the massive amount of data is uploaded and downloaded each day, making it impossible for the human beings to correctly interpret the information.
The various AI tools help them to collect the valuable insights from the data collected through various social media platforms to get incredible insights on the customer taste and preferences. In the near future, the brands may also be able to find out who among their followers are wearing their brands T-shirt and using their products with the analysis of images and videos. It will help marketers create more personalized marketing campaigns.
By now, you mustve known how the artificial intelligence is changing the whole picture of the social media marketing. You must have also realized that the traditional social media marketing strategies need to be updated in order to get the success of your social media marketing campaign. If you dont combine the artificial intelligence in your social media marketing strategy, then youre likely to fail to get any return from your campaign because the competitor will be using AI to gain competitive advantage.
Read next: This website displays the ever-fluctuating value of Bitcoin in real-time
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Artificial intelligence entering new stage as vehicle for entertainment – Nikkei Asian Review
Posted: at 2:30 pm
PALO ALTO, U.S. --In Paris on May 20, a sleek, streamlined vehicle colored black, white and fluorescent yellow moved slowly around a race course on a blocked-off road. The futuristic vehicle looked like a winged torpedo and had a periscope-like camera-equipped objectprotruding from the rear of its body.
The vehicle looked similar to a Formula One racing car, except that it was electric, and had no driver's seat. Logos saying "Roborace"festooned its body.
The vehicle was operated not by a human driver but by artificial intelligence.
Teams participating in driverless robot racing events use the electric car, which can travel at speeds of up to 320kph. The races are determined by the capacity of the software as they compete using the same autonomously driven electric vehicles.
Full-scale robot racing is expected to begin within a few years. Trial races are now underway.
Robot racing has attracted attention from potential supporters. A typical supporter is Nvidia, a leading American technology company that provides the cutting-edge chips used in robotic cars. The manufacturer of graphics processing units, which has formed an alliance with Toyota Motor and is partly owned by an investment fund affiliated with SoftBank Group, is rapidly becoming a player in the field. As a backstage company pioneering driverless cars, Nvidia is expecting strong publicity effects from its support for robot racing.
Big players pile on
Global companies, such as French tire maker Michelin, German logistics firm DHL and German insurer Allianz, also support robot racing, as they are in industries that are certain to be exposed to the "disruptive" effects of driverless vehicles.
With more and more companies supporting robot racing in a bid to develop self-driving technologies and use the races in their advertising and branding efforts, organizers of racing events currently have no trouble raising the necessary funds.
Daniel Simon, who designed the robocar, said the vehicle is a billboard for AI. The vehicle looks attractive from an entertainment perspective, and it was fun to design a car with no driver's seat, he said.
Simon is a globally known designer who designed a futuristic vehicle for the 2010 American science fiction action film "Tron Legacy" and worked as a senior designer for French luxury automaker Bugatti Automobiles.
Special custom-made parts currently used in the robocar, such as five radars, will be gradually replaced by commodity parts so that participating companies can better utilize technologies they develop through robot racing for cars that they commercialize, Simon said.
Roborace, a British company that manages robot racing events, is continuously improving the technology to control the complicated machines during the races, CEO Denis Sverdlov said. The company also plans to sell an entertainment which is calls "human drama," he added.
Daniel Simon, left, designer of the Robocar, and Roborace CEO Denis Sverdlov
Daniel Simon, left, designer of the Robocar, and Roborace CEO Denis Sverdlov
Sverdlov founded Russian telecommunications operator Yota and served as Russia's deputy communications and mass media minister.
Among other unique features of Roborace, the company is a combination of Russian telecom engineers and British experts on auto race marketing. It is seeking to create a new AI-basedentertainment through the marketing team.
AI-AI competition
Software developers are at the center of the strategy. Problems regularly occur in the process of developing AI to control robocars, and Roborace will film engineers' struggles to settle the issues to commercialize the cars. The company is studying various options to realize this goal, including the sale of broadcast rights.
Roborace has received proposals for sponsorship from media companies, according to Sverdlov.
The campaign is expected to include many videos with low-key scenes of engineers working on computers. But there will be drama too, showing the engineers' devotion to their work as they race against time before a race, as well as conflict among the human teams, Sverdlov said. The controversy over the best way to maneuver the machines provides entirely human drama, he said.
The development of AI is accelerating in the content market as well.
In the U.S., "Silicon Valley," a TV program featuring the young founders of a start-up company in Silicon Valley, and another TV series, "Mr. Robot," focusing on a computer hacker who suffers from social dysfunction and mental illness, have become popular. Thanks to these and other TV series, software developers and computer programmers are increasingly regarded as superhuman, capable of creating new services that upset the existing order and readily breaching cybersecurity protection.
In fact, even people from impoverished backgrounds can vault social strata and become wealthy by applying their programming abilities. The ability to write computer code is an effective means of climbing the social ladder in modern society.
Programmers are the new stars in modern society, and Roborace plans to highlight the human drama in their lives.
"It's not a competition for budget, it is a competition for intelligence," Sverdlov said in reference to robot racing.
Huge amounts of money are required to develop racing cars at present. Barriers to entry into the racing world will be lowered if the development of cars is replaced by that of software, Sverdlov said, adding that he wants to open the door to students.
New racing categories
As Roborace does not belong to the International Automobile Federation(FIA) -- the governing body for Formula One auto racing -- it can set racing rules on its own. As robot racing does not put human drivers' lives at risk, entirely new kinds of adventurous racing events will be possible. These will include competition involving cybersecurity technologies, such as blocking rival cars by hacking their systems, and races under extremely tough environments such as deserts or on ice.
Roborace plans to create a racing category for students. Robot racing will pave the way for novel technologies conceived by students, such as automakers' adoption of software developed by them, Sverdlov said.
The organization has already begun talks with universities willing to participate in robot racing.
There could also be competition between AI and humans. Human drivers will drive the cars at first so that the AI can "learn" the ins and outs of auto racing. To this end, Roborace is developing a car with a driver's seat. Using this car, it plans to conduct a race between an AI system and the best human driver available.
But such a race is likely to be short-lived, as in the case of Google's AlphaGo AI entertainment platform, which the company recently announced it will retire. The system hit the news when it defeated the world's best "go" player 3-0 in a series of matches. It is only a matter of time before humans succumb to AI under limited conditions such as auto racing.
"AI vs AI" will thus become a new framework for competition, and the human drama behind it will excite people. Rivalries involving AI and humans, which have already drawn attention in the fields of chess, shogi and go, are about to enter a new stage.
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Who will be NEXT to achieve Indianapolis 500 immortality? – INDYCAR
Posted: at 2:29 pm
INDIANAPOLIS Who will be the NEXT driver to win The Greatest Spectacle in Racing?
The Indianapolis Motor Speedway stage is set for the 101st Running of the Indianapolis 500 presented by PennGrade Motor Oil today with a lengthy list of intriguing contenders in search of the ultimate accomplishment and the prestigious honor of adding their name and likeness to the Borg-Warner Trophy.
2008 Indianapolis 500 winner Scott Dixon will start from the pole for a third time in his No. 9 Camping World Honda. He is one of seven former winners in this 33-car field, joined by three-time winner Helio Castroneves, two-time winner Juan Pablo Montoya, Tony Kanaan, Ryan Hunter-Reay, Buddy Lazier and defending champion Alexander Rossi.
Its always hard, Dixon said. Its competition, man.
The best of the Verizon IndyCar Series full-time drivers is joined by several one-off entrants, including the most celebrated newcomer in recent history, two-time Formula One champion Fernando Alonso, whose No. 29 McLaren-Honda-Andretti Honda qualified fifth.
I hope he does well, defending series champion Simon Pagenaud said of Alonso, because it will keep a lot of people interested.
As Alonsos inclusion and the subsequent worldwide media attention reminds, this race defines careers. Pagenaud, who qualified 23rd in his No. 1 Menards Team Penske Chevrolet, is just as succinct about what the Indy 500 means.
I wont be complete until I win this race, Pagenaud said. I do believe I can.
Andretti Autosport has six cars, the most ever for Michael Andretti, who is looking for his fifth Indy 500 win as a team owner. Among those entrants is his 30-year-old son, Marco, who desperately wants to achieve what his father could not as a driver. Marco Andretti, the grandson of 1969 Indy 500 winner Mario Andretti, has come close so many times in finishing second as a 2006 rookie, third three times and fourth in 11 starts.
I believe having an awesome car here is only 60 percent of the battle, said Marco Andretti, whose No. 27 United Fiber & Data Andretti Honda will start eighth. You need to be in the top five to have a chance at the end. The way it seems, when youre following three or four cars its tougher to pass because they have enough of a tow; theyre going fast enough. Top three is ideal in a shootout, for sure.
Ive lost this race because I trimmed, and Ive lost it because I didnt trim. We hope to make the right decision.
Graham Rahal is also looking to add to a family legacy. Rahal, the son of 1986 Indy 500 winner Bobby Rahal, qualified 14th in the Steak n Shake Rahal Letterman Lanigan Racing Honda. Graham Rahal has two top-five finishes in nine starts, including third in 2011.
Running well on Carb Day definitely gives you confidence for the race, Rahal said after posting the sixth-fastest speed in Fridays final one-hour practice.
Starting alongside Dixon in the front row is another familiar face, two-time Indy 500 pole sitter Ed Carpenter, who grew up in Indianapolis with dreams of winning this race. Carpenter, the series only owner/driver, is confident his No. 20 Fuzzys Vodka Ed Carpenter Racing Chevrolet can fulfill his destiny. Carpenters best finish in 13 starts is fifth in 2008.
Theres been so much heartbreak here over the years, Carpenter said. Theres certainly a ton of things you can do to control the outcome, but even if you get everything right, it doesnt mean youre going to win.
Kanaan was denied in so many close calls before becoming one of the most popular winners in 2013. Hes also finished second, third twice, fourth twice and fifth in 15 starts. This time, he starts seventh in the No. 10 NTT Data Chip Ganassi Racing Honda.
Kanaan contends that the track chooses the winner a driver in the right place at the right time is ultimately rewarded at the end of this 200-lap test of endurance and patience.
I do believe that, 100 percent, Kanaan said. I have no doubt.
One of his best friends in racing, Castroneves, has hopes of finally winning for a fourth time and joining the Hall of Fame contingent of A.J. Foyt, Rick Mears and Al Unser in that distinction. Castroneves starts 19th in the No. 3 Shell Fuel Rewards Team Penske Chevrolet.
It changed more the first time when I won and did not know about it, Castroneves said of his perception about the Indy 500 after his triumphant debut in 2001. Im still learning, to be honest, the history.
Although Alonso is an Indy 500 rookie, he raced at this venue five times in F1. He finished second in the 2007 United States Grand Prix on the Indianapolis Motor Speedway road course.
Career ambition has brought him back, but this time to compete on the 2.5-mile oval. Alonso, a 35-year-old Spaniard, has his sights set on the career triple crown; hes won the Monaco Grand Prix and needs the Indy 500 and 24 Hours of Le Mans to become just the second driver to accomplish this feat. The other was Graham Hill, who won the 1966 Indy 500 in his first attempt.
"When we came here in Formula One, it was just something special, because we were racing first in the States, which is always something amazing for Formula One, and secondly, (in) the biggest place in the world, Alonso said. I remember coming here (in 2001), the first year that I raced here, and, yeah, I was taking pictures of the entrance for the speedway. You know, capital of the world, motorsport. I was taking pictures.
So it's a special place for motorsport in general. To race here in May (for) the Indy 500, it feels (like) quite a big thing.
Indeed it is. And today, one driver will stand alone as a champion in the greatest race in the world.
Who will it be? Who has what it takes to add their name to his glorious legacy?
If you dont believe it, Pagenaud said, youre not going to win it.
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Who will be NEXT to achieve Indianapolis 500 immortality? - INDYCAR
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Ity extension to add life – Mining Journal (subscription)
Posted: at 2:27 pm
Endeavour Mining (CN:EDV) has found what looks like an extension of the gold mineralisation that underpins the companys Ity gold mine in Cte d'Ivoire, just 5km to the south of the current operation.
A cross section of the Le Plaque area near Ity, Cte d'Ivoire (dimensions adjusted for web)
The miner this week reported the discovery of several high-grade mineralised trends in an area known as Le Plaque, which if economic could feed into a planned carbon-in-leach (CIL) operation at Ity.
The best intercepts were 3.08m grading 36.94g/t Au; 13.09m grading 22.36g/t Au; and 2.94m grading 61.23g/t Au.
Ity is currently operating as a heap leach operation with only three years of reserves but Endeavour published a feasibility study late last year outlining a 3 million tonne per annum gravity circuit and CIL processing route, which would deliver average production of 114,000 ounces per annum at an all-in sustaining cost of US$603/oz for an initial 14 years, based on a 1.9 million ounce reserve.
The up-front cost for the project facelift is $307 million and the build time is estimated at just over one-and-a-half years. The NPV (post-tax, 5% discount) is $411 million with an IRR of 36% based on a $1,250/oz gold price. The gold price this week was approaching $1,270/oz.
The payback period on capital invested is expected to be a shade over two years owing to the front-ending of production at a rate of 165,000ozpa for the first five years at AISC of $507/oz.
Endeavour executive vice president for exploration and growth, Patrick Bouisset, said the discoveries at Le Plaque would require more drilling but a maiden resource for the area was expected by year end.
The complexity of the geology requires more drilling and interpretation, but we are very encouraged by the multiple trends discovered which exhibit the potential to host significant resources, he said.
We are equally excited about both the ongoing exploration on the other targets located in proximity to the Ity mining complex and on conducting interpretative work to generate new greenfield targets in the wider 80km Ity corridor that was secured last year.
The Le Plaque area is of a similar size to the multiple-deposit Ity mining complex to the north at 4km2 and hosts several large high gold-in-soil anomalies. These trends stretch over 400m, with the largest a 2km-long geochemical anomaly with best values or more than 1,000ppb Au. The trends are all open along strike and at depth.
A note from investment bank RBC this week said continued near-mine exploration at Ity could provide additional high-grade ounces for the CIL project.
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US Accelerates Upgrades for its Arsenal of Nuclear-Armed, Submarine-Launched Trident II D5s – Scout
Posted: at 2:27 pm
Nuclear-Armed Trident II D5 missiles rest in 44-foot long missile tubes built into ballistic missile submarines quietly patrolling the undersea domain - to ensure security and peace.
The Navy is beginning the process of evaluating additional upgrades and technical adjustments to the sub-launched Trident II D5 nuclear weapon such that it can serve for decades well beyond its current service life extending to 2040.
The Navy has already been working on technical upgrades to the existing Trident II D5 in order to prevent obsolescence and ensure the missile system remains viable for the next several decades.
The US Navy is accelerating upgrades to the nuclear warhead for its arsenal of Trident II D5 nuclear-armed submarine launched missiles -- massively destructive weapons designed to keep international peace by ensuring and undersea-fired second-strike ability in the event of a catastrophic nuclear first strike on the US.
Navy Vice Adm. Terry Benedict, director of Navy Strategic Systems Programs, told lawmakers about a long-term sustainment of the triads sea-based leg.
While our current life-extension efforts will sustain the D-5 [Trident submarine-launched ballistic missile] system until the 2040s, the Navy is already beginning to evaluate options to maintain a credible and effective strategic weapon system to the end of the Columbia class service life in the 2080s, Benedict said.
The Navy has modified an existing deal with Charles Stark Draper Laboratory has to continue work on the missile's MK 6 guidance system, an agreement to continue specific work on the weapon's electronic modules. The modification awards $59 million to the firm, a DoD statement said.
As part of the technical improvements to the missile, the Navy is upgrading whats called the Mk-4 re-entry body, the part of the missile that houses a thermonuclear warhead. The life extension for the Mk-4 re-entry body includes efforts to replace components including the firing circuit, Navy officials explained.
Navy and industry engineers have been modernizing the guidance system by replacing two key components due to obsolescence the inertial measurement unit and the electronics assembly, developers said.
The Navy is also working with the Air Force on refurbishing the Mk-5 re-entry body which will be ready by 2019, senior Navy officials said.
Navy officials said the Mk-5 re-entry body has more yield than a Mk-4 re-entry body, adding that more detail on the differences was not publically available.
The missile also has a larger structure called a release assembly which houses and releases the re-entry bodies, Navy officials said. There is an ongoing effort to engineer a new release assembly that will work with either the Mk-4 or Mk-5 re-entry body.
The Trident II D5, first fired in the 1990s, is an upgraded version of the 1970s-era Trident I nuclear weapon; the Trident II D5s were initially engineered to serve until 2027, however an ongoing series of upgrades are now working to extend its service life.
The Navy is modernizing its arsenal of Trident II D5 nuclear missiles in order to ensure their service life can extend for 25 more years aboard the Navys nuclear ballistic missile submarine fleet, service leaders said.
The 44-foot long submarine-launched missiles have been serving on Ohio-class submarines for 25 years,service leaders explained.
The missiles are also being planned as the baseline weapon for the Ohio Replacement Program ballistic missile submarine, a platform slated to serve well into the 2080s, so the Navy wants to extend the service life of the Trident II D5 missiles to ensure mission success in future decades.
Under the U.S.-Russia New START treaty signed in 2010, roughly 70-percent of the U.S. nuclear warheads will be deployed on submarines.
Within the last several years, the Navy has acquired an additional 108 Trident II D 5 missiles in order to strengthen the inventory for testing and further technological development.
Trident II D5 Test
Firing from the Atlantic Ocean off the coast of Florida last year, a specially configured non-armed test version of the missile was fired from the Navys USS Maryland. This was the 161stsuccessful Trident II launch since design completion in 1989, industry officials said.
The missile was converted into a test configuration using a test missile kit produced by Lockheed Martin that contains range safety devices, tracking systems and flight telemetry instrumentation, a Lockheed statement said.
The Trident II D5 missile is deployed aboard U.S. Navy Ohio-class submarines and Royal Navy Vanguard-class to deter nuclear aggression. The three-stage ballistic missile can travel a nominal range of 4,000 nautical miles and carry multiple independently targeted reentry bodies.
The U.S. and UK are collaboratively working on a common missile compartment for their next generation SSBNs, or ballistic missile submarines.
The 130,000-pound Trident II D5 missile can travel 20,000-feet per second, according to Navy figures. The missiles cost $30 million each.
The "Bulletin of the Atomic Scientists" futher describes the weapon -- "The Trident D5s carry three types of warheads: the 100-kiloton W76/Mk-4, the 100-kiloton W76-1/Mk-4A, and the 455-kiloton W88/Mk-5 warhead, the highest-yield ballistic missile warhead in the U.S. arsenal."
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US Accelerates Upgrades for its Arsenal of Nuclear-Armed, Submarine-Launched Trident II D5s - Scout
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New Threats: Pentagon Revs Up Missile Defense – Scout
Posted: at 2:27 pm
With missile threats dominating the headlines, missile defense, modernization and posture continue to anchor strategic funding for the United States in recent budget requests.
With missile threats dominating the headlines, missile defense, modernization and posture continue to anchor strategic funding for the United States in recent budget requests.
Citing recent geopolitical and missile operations by Russia, China and North Korea, Rob Soofer, deputy assistant secretary of defense for nuclear and missile defense policy, alerted Congress to a Pentagon comprehensive Nuclear Posture Review that is expected to be completed by the end of this calendar year during his testimony earlier this month before the House Armed Services Strategic Force Subcommittee on the presidents budget request for fiscal year 2018.
That review comes at a time of renewed interest for strategic missile operations.
Frank Klotz, administrator of the National Nuclear Security Administration (NNSA) told lawmakers at the same hearing, Our [fiscal] 2018 budget request accounts for the significant tempo of operations at NNSA that in many ways has reached a level unseen since the Cold War.
The request, he notes, adds more than $3 billion across the Future Years Defense Plan relative to the previous years' request to continue improving the health of the DoD nuclear enterprise.It includes funding to repair and replace infrastructure at national laboratories and production plants and improves workspace for the scientific, engineering and professional workforce, he says.
The request includes; $10.2 billion for weapons activity appropriation, a 10.8 percent increase over 2017; $1.8 billion for defense nuclear nonproliferation, about the same as the previous years about $1.5 billion or a 4.2 percent increase over 2017, for the Naval reactors program; and $418 million for federal salaries and expenses, or an 8.1 percent compared to 2017.
Klotz points out the NNSA budget request is nearly $1 billion over the fiscal 2017 omnibus level, enabling the agency to tackle infrastructure recapitalization projects, such as the uranium processing facility at Y-12 in Oak Ridge, Tenn.
The Pentagon expects nuclear recapitalization costs to total $230 billion to $290 billion over more than two decades, Soofer sys.
Navy Vice Adm. Terry Benedict, director of Navy Strategic Systems Programs, says the funding will help with long-term sustainment of the triads sea-based leg, including the life-extension efforts will sustain the D-Trident submarine-launched ballistic missile system, which the U.S needs to last until the 2040s.
The budget request also includes about $7.9 billion in 2018 to continue to develop reliable, increasingly capable and state-of-the-art defenses against ballistic missile threats for the nation, deployed forces, allies and international partners, Gary Pennett, Missile Defense director of operation, told reporters.
The amount includes $1.5 billion in fiscal]2018 for the ground-based midcourse defense program, or GMD.
Thirty-six ground-based interceptors, or GBIs, are in place today, and the agency is on track to expand the fleet to 44 by the end of 2017, Pennett says.
The 2018 request for Aegis Ballistic Missile Defense (BMD) is $1.7 billion and, Pennett says, includes sustaining the deployed SM-3 fleet.
MDA will buy 34 SM-3 Block IB missiles for deployment on land at the Aegis Ashore site in Romania and later in Poland, and at sea on Aegis BMD ships, according to the budget. This will bring the total number of SM-3 Block IB missiles to 287 by the end of 2018, Pennett says.
The Terminal High-Altitude Area Defense, or THAAD, element gives the BMD system a globally transportable, rapidly deployable ability to intercept and destroy ballistic missiles inside or outside the atmosphere during their final, or terminal, phase of flight, keeping enemy weapons from reaching the ground, he says.
A THAAD battery consists of a truck-mounted launcher, eight interceptors per launcher, the worlds largest air-transportable X-band radar, and fire control.
Pennett says the THAAD budget request is $797 million and that in 2018 MDA will support seven THAAD batteries.
"This budget procures 34 THAAD interceptors in [fiscal] 2017, bringing the total to 349 by the end of [fiscal] 2018," he says.
The budget request of $147 million in fiscal 2018 for Israeli programs continues MDA's longstanding support of U.S.-Israeli cooperative BMD programs, Pennett says, including procurement of the Iron Dome weapon system and the co-development of the David's Sling upper-tier interceptor and Arrow weapon system improvements.
MDA is requesting $259 million for the multi-object kill vehicle, and has accelerated its risk-reduction and product-development phases to achieve a demonstrated capability in 2025, he says.
For hypersonic defense, MDA requests $75 million, he says.
The agency is requesting $54-million to continue developing and scaling a low-power laser demonstrator, he says, as well as $52-million request for space efforts will fund space tracking and surveillance system, or STSS, satellite operations and sustainment.
"STSS consists of two satellites operating in low-earth orbit and provides risk-reduction data for a potential operational BMDS tracking and surveillance constellation," Pennett says. "This FY '18 request will also complete on-orbit deployment of the space-based kill assessment sensor network."
----Michael Fabey -- Scout Warrior Senior Contributor
---- Michael Fabey can be reached atFabeyships@aol.com
--- Fabey is the author of an upcoming Scribner book "Crashback" - The Power Clash Between the US & China
---For Information on Fabey's Book Crashback - CLICK HERE
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TASS: SPIEF-2017 – Big challenges: how to stop preparing for the … – TASS
Posted: at 2:24 pm
New technologies are replacing old ones, automation and robot-based workforce are replacing human labour, and the world is at the threshold of the fourth industrial revolution. The leading nations have long been investing in technologies of the future and creating consortiums that bring together the government, business and science. In Russia, the tech gap is dragging the economy down, and the country needs a proactive approach to develop technologies and markets of the future.
Experts estimate that Russia is about three to four times behind the leading nations in digitisation of its economy.
To ensure a shift from a resource-based economy towards a high-tech one, in December2016 Russian President Vladimir Putin signed the Executive Order on the Scientific and Technological Development Strategy of the Russian Federation.
The National Technology Initiative(NTI) was launched with a goal to define new markets and key technologies of the future, and to offer a package of measures supporting development of products and services on those markets.
Key NTItechnologies include digital design and modelling, new materials, additive technologies (3Dprinting), BigData, neurotechnologies, artificial intelligence and control systems, genomics and synthetic biology, bionics, etc. Going forward, their development could take the country to a leading position in the global technology market.
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TASS: SPIEF-2017 - Big challenges: how to stop preparing for the ... - TASS
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