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Warren Buffett is ‘completely wrong and outdated’ on bitcoin, Chamath Palihapitiya says – CNBC

Billionaire investor Chamath Palihapitiya disagrees with Berkshire Hathaway chairman Warren Buffett on the value of bitcoin, as Buffett declared earlier this week that cryptocurrencies have "no value."

"He is completely wrong and outdated on this point of view," Palihapitiya said on CNBC's "Squawk Box" on Wednesday.

Buffett thinks that cryptocurrencies "don't produce anything" and have zero value, declaring that he never will own anything like bitcoin. He's long been a critic of bitcoin and has described the digital currency as "rat poison squared," a "mirage," and "not a currency."

Although Palihapitiya disagrees with Buffett on the potential for cyrptocurrencies, the Silicon Valley investor said he still greatly respects Buffett on the whole.

"I think he's an exceptional person. I've learned an enormous amount, both from afar and the few interactions I've had with him," Palihapitiya said.

Palihapitiya has long been a supporter of the digital coin, saying "everybody should have 1% of their assets in bitcoin specifically."

"I don't think when you wake up and see a coronavirus scare and the Dow down 2,000, you should not be going in and buying bitcoin. That is an idiotic strategy," Palihapitiya said. "I think a reasonable strategy is to say 1% of my net worth should be in something completely uncorrelated to the world and how the world works. You quietly over some period of time accumulate a position and then just never look at it again and hope that that insurance under the mattress never has to come due. But, if it does, it will protect you."

CNBC's Kevin Stankiewicz contributed to this report

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Bitcoin Just Saw A Key Technical Breakdown: Here’s Why BTC Could Dive Below $9K – newsBTC

Bitcoin failed to stay above the $9,500 support and declined more than 5% against the US Dollar. BTC price is now trading in a negative territory and it could slide below $9,000.

Yesterday, we discussed high chances of a big downside correction in bitcoin below $9,500 against the US Dollar. BTC did break the $9,500 support area and extended its decline.

Moreover, there was a close below the $9,350 level and the 100 hourly simple moving average. During the decline, there was a break below a bearish continuation pattern with support at $9,225.

It opened the doors for more losses below $9,200. Finally, the price traded below $9,100 and formed a new weekly low at $9,087. It is currently consolidating losses, with an immediate resistance near the 23.6% Fib retracement level of the recent decline from the $9,679 high to $9,087 low.

On the upside, there are many resistances forming near the $9,350 and $9,400 levels. Additionally, there is a major bearish trend line forming with resistance near $9,420 on the hourly chart of the BTC/USD pair.

Bitcoin Price

The 50% Fib retracement level of the recent decline from the $9,679 high to $9,087 low is also near the $9,380 level to act as hurdle for bitcoin bulls.

Therefore, the price must climb above the $9,380 and $9,400 levels to start a fresh increase. Still, the main resistance is near $9,500, above which the bulls are likely to take over.

On the downside, there are a couple of key supports near the $9,000 area. If bitcoin fails to stay above the $9,000 handle, there is a risk of another 5% decline.

In the mentioned case, the price is likely to test the $8,500 support area in the coming sessions. Overall, there are many bearish signs emerging and the price could dive further below $9,000.

Technical indicators:

Hourly MACD The MACD is now gaining strength in the bullish zone.

Hourly RSI (Relative Strength Index) The RSI for BTC/USD is currently near the oversold levels.

Major Support Levels $9,000 followed by $8,500.

Major Resistance Levels $9,280, $9,380 and $9,400.

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Bitcoin Just Saw A Key Technical Breakdown: Here's Why BTC Could Dive Below $9K - newsBTC

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Bitcoin and Altcoins Struggle to Recover – Cryptonews

After trading below the USD 8,850 support, bitcoin found bids near the USD 8,550 support area. Recently, it started an upside correction above USD 8,700, but the previous supports near USD 8,850 and USD 9,000 are now (09:00 UTC) acting as key resistances for the bulls.

Similarly, most major altcoins are struggling to recover further above key pivot levels, including ethereum, XRP, litecoin, bitcoin cash, BNB, EOS, TRX, ADA, and XLM. ETH/USD topped near USD 235 and it is back below USD 230. However, XRP is still holding the USD 0.232, but it remains at a risk of more downsides in the near term.

Total market capitalization

Recently, bitcoin price managed to correct higher above USD 8,650 and USD 8,700 (as discussed yesterday). However, the previous supports near USD 8,850 and USD 9,000 prevented a convincing upside break. As a result, BTC/USD is now showing a few bearish signs below USD 8,800. If there is a clear break below USD 8,650, the price could even break the USD 8,550 support area.Any further losses may perhaps lead the price towards the USD 8,250 level. On the upside, the bulls need to gain pace above USD 8,850 to start a decent recovery wave.

Ethereum price corrected more than 10% from the USD 210 support area. ETH/USD climbed above USD 220 and USD 230. However, the USD 235 zone prevented further gains. A swing high was formed near USD 238 and the price declined below USD 230.It is currently testing the USD 225 zone, below which there is a risk of a drop towards the USD 210 area in the near term.

Bitcoin cash price corrected higher from the USD 300 support area, but it failed to continue above the USD 330 area. BCH/USD formed another top and it is currently declining below USD 320. If it continues to move down, there is a risk of a bearish break below the key USD 300 support area in the near term.Litecoin is under a lot of bearish pressure and it is currently struggling to stay above the USD 60.00 support. If there is a successful close below USD 60.00, there is a risk of a sharp decline towards the USD 55.00 support. Conversely, the price could recover above USD 62.50 and USD 64.50.XRP price gained bullish momentum and recovered above USD 0.235. However, the bears came into action near the USD 0.245 level. As a result, the price trimmed its gains and it is now approaching the USD 0.232 support area. Any further losses may perhaps lead the price towards the USD 0.225 level.

In the past three sessions, a few small-capitalization altcoins declined more than 5%, including AION, DX, MONA, BCD, ALGO, LSK, ABBC, REN and HC. Conversely, SXP, BCN, MKR, KNC, ZB, FTT and LINK are up more than 5%.

Watch the latest reports by Block TV.

To sum up, bitcoin price is facing a couple of important resistances near USD 8,850 and USD 9,000. BTC/USD must settle above USD 9,000 to start a decent recovery. If not, it could dive below the recent low at USD 8,550 in the near term._____

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Bitcoin History Part 24: Celebrating the First Halving in 2012 – Bitcoin News

As the third Bitcoin halvening approaches, a handful of OGs will wistfully recall the first such event, which occurred in November 2012. Back then, following the completion of block 210,000, the mining reward halved from 50 to 25 BTC. To commemorate the milestone, early adopters threw parties throughout the world, from Tel Aviv and Macau to Munich and Helsinki.

Also read: Get Ready for the Bitcoin Halving Here Are 9 Countdown Clocks You Can Monitor

The first Bitcoin halving was a big deal, eagerly talked about for months in advance. Discussions and debates centered around the economic consequences of the halving, the future stability of the network and the effect on mining operations. Was Satoshis monetary policy of reducing block rewards by 50% every 210,000 blocks really the best way to keep inflation under control or would it signal the beginning of the end for Bitcoin?

Although bitcoin was only worth about $11 at the time of the first halving, community members appreciated the momentousness of the occasion and, in honor of the big day, hosted parties which, one can extrapolate, were attended by a mixture of those who were deeply invested in the community and hangers on who may have had little idea what the hell Bitcoin was. As for those who couldnt meet up in person, they congregated in chatrooms to trade ideas and raise a metaphorical toast to Satoshi.

According to the original thread in the Meetups section of the Bitcointalk forum, unofficial parties were thrown in Las Vegas, Tel Aviv, New Hampshire, Vienna, Macau, Brazil, Munich, Berlin, Bratislava, Switzerland, London, Ukraine and Helsinki. Some were advertised on Facebook while others had their own dedicated thread on the forum, with those wishing to attend communicating with organizers and posting pics from the shindig.

As The Verge reported at the time, Bitcoin miners, geeks who configure their own computers to mint the cultish digital currency, have been waiting for this moment for a long time about four years, which is how long Bitcoins have been in circulation.

Interestingly, after the final post on November 29, 2012, the halvening thread was resurrected four years later to announce the second-ever halving party in Campinas, Brazil. The resurrection of the thread also led to announcements about parties in Israel and Australia. (Although commonly known as the halvening these days, in 2012 it was simply the halving until Dogecoin colloquialized the phrase two years later with its own block reward reduction.)

These crypto parties, which have echoes of the key signing parties popularized by the cypherpunks, presented an opportunity for bitcoin acolytes to meet in real life and discuss such topics as privacy, technology and Bitcoins architecture. Prior to the first block halving, there were few occasions for bitcoiners to interact in meatspace; in 2012, crypto conferences werent really a thing.

Needless to say, bitcoiners will be hoping the price rises in the wake of the third halving, just as it did after the first, when BTC surged from $11 to $1,100 within 12 months, reaching parity with an ounce of gold and prompting renewed toasts to Bitcoin and its departed creator.

Of course, the crypto landscape has changed immensely since 2012: the 2020 block reward halving will encompass not only Bitcoin Core, but also Bitcoin Cash and Bitcoin SV, both of which emerged from hard forks of the original Bitcoin protocol. Eight years on from the first halving, whos up for another party?

Bitcoin History is a multipart series from news.Bitcoin.com charting pivotal moments in the evolution of the worlds first cryptocurrency. Read part 23 here.

Images courtesy of Shutterstock.

Did you know you can verify any unconfirmed Bitcoin transaction with our Bitcoin Block Explorer tool? Simply complete a Bitcoin address search to view it on the blockchain. Plus, visit our Bitcoin Charts to see whats happening in the industry.

Kai's been manipulating words for a living since 2009 and bought his first bitcoin at $12. It's long gone. He specializes in writing about darknet markets, onchain privacy, and counter-surveillance in the digital age.

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Bitcoin Breaks Beneath Rising Trend Line More Bearish Pressure On The Way? – Coingape

Bitcoin dropped by 9.5% this week as the sellers start to take control over the market momentum. It dropped beneath $9,000 a few days ago to reach the current support level at around $8,672.

The cryptocurrency has spiked even further lower but has managed to rebound back above $8,600 to close each day. It also recently broke beneath a rising trend line as the outlook starts to turn bearish.

Bitcoin Price Analysis

BTC/USD Daily CHART SHORT TERM

Looking at the daily chart above, we can clearly see Bitcoin breaking beneath the rising trend line over the past 24-hours of trading. It is currently trading at support at $8,672 which is provided by the .5 Fibonacci Retracement level. The market managed to close above this level yesterday as the buyers battle to regain some form of control.

Bitcoin is still neutral but the recent break beneath the rising trend line is putting it in a tricky situation. A break and close beneath $8,500 will likely to confirm a short term bearish trend moving forward.

If the sellers break beneath the support at $8,672, the next level of support lies at the downside 1.618 Fibonacci Extension level at $8,559. This is then followed by support at $8,500. Beneath this, support is then located at $8,242 (.618 Fibonacci Retracement level), $8,000, and $7,630 (.786 Fibonacci Retracement level).

Toward the upside, resistance is located at $8,800. Above this, higher resistance lies at $8,975, $9,000, $9,270, and $9,500.

Key Levels

Support: $8,672, $8,559, $8,500, $8,250, $8,200, $8,000.

Resistance: $8,975, $9,000, $9,100, $9,270, $9,506, $9,740, $9,975, $9,000, $9,270, $9,500.

Summary

Article Name

Bitcoin Breaks Beneath Rising Trend Line - More Bearish Pressure On The Way?

Description

Bitcoin saw a 9.5% price decline this week as the cryptocurrency slipped below $9,000 to reach as low as $8,500.It recently broke beneath a 2-month-old rising trend line as the market outlook starts to look ever more bearish.

Author

Yaz Sheikh

Publisher Name

Coin Gape

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This Week’s Awesome Tech Stories From Around the Web (Through February 29) – Singularity Hub

COMPUTING

Inside the Race to Build the Best Quantum Computer on EarthGideon Lichfield | MIT Technology ReviewRegardless of whether you agree with Googles position [on quantum supremacy] or IBMs, the next goal is clear, Oliver says: to build a quantum computer that can do something useful. The trouble is that its nearly impossible to predict what the first useful task will be, or how big a computer will be needed to perform it.

Were Not Prepared for the End of Moores LawDavid Rotman | MIT Technology ReviewQuantum computing, carbon nanotube transistors, even spintronics, are enticing possibilitiesbut none are obvious replacements for the promise that Gordon Moore first saw in a simple integrated circuit. We need the research investments now to find out, though. Because one prediction is pretty much certain to come true: were always going to want more computing power.

Flippy the Burger-Flipping Robot Is Changing the Face of Fast Food as We Know ItLuke Dormehl | Digital TrendsFlippy is the result of the Miso teams robotics expertise, coupled with that industry-specific knowledge. Its a burger-flipping robot arm thats equipped with both thermal and regular vision, which grills burgers to order while also advising human collaborators in the kitchen when they need to add cheese or prep buns for serving.

The Next Generation of Batteries Could Be Built by VirusesDaniel Oberhaus | Wired[MIT bioengineering professor Angela Belcher has] made viruses that can work with over 150 different materials and demonstrated that her technique can be used to manufacture other materials like solar cells. Belchers dream of zipping around in a virus-powered car still hasnt come true, but after years of work she and her colleagues at MIT are on the cusp of taking the technology out of the lab and into the real world.

Biggest Cosmic Explosion Ever Detected Left Huge Dent in SpaceHannah Devlin | The GuardianThe biggest cosmic explosion on record has been detectedan event so powerful that it punched a dent the size of 15 Milky Ways in the surrounding space. The eruption is thought to have originated at a supermassive black hole in the Ophiuchus galaxy cluster, which is about 390 million light years from Earth.

Star Treks Warp Speed Would Have Tragic ConsequencesCassidy Ward | SyFyThe various crews ofTreks slate of television shows and movies can get from here to there without much fanfare. Seeking out new worlds and new civilizations is no more difficult than gassing up the car and packing a cooler full of junk food. And they dont even need to do that! The replicators will crank out a bologna sandwich just like mom used to make. All thats left is to go, but what happens then?

Image Credit: sergio souza /Pexels

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IC Breakthroughs: Energy Harvesting, Quantum Computing, and a 96-Core Processor in Six Chiplets – News – All About Circuits

According to Moore's law, since the introduction of the first semiconductors, the number of transistors on an integrated circuit has doubled approximately once every 18 months.

However, now that transistors are starting to reach near-atomic sizes, their reduction is becoming increasingly problematic, and as such, this doubling effect is beginning to plateau.

One technology research institute, CEA-Leti, is developing techniques to increase the power of semiconductors.

But what are these new technologies and how will they affect modern electronics?

Developers are increasingly searching for efficient ways toreplace portable power sources that require charging or replacement.

However, such a feat is only possible if power can be extracted from the local environment, like in the instance of a device from the University of Massachusetts Amherst that powers small electronics from moisture in the air.

A more conventionalmethod for energy extraction is using the Peltier effect, which requires a heat differential (such as cold air on a warm wrist), but these are often cumbersome and require heat sinks.

Another method is the use of vibration energy from motion, whereby a cantilever vibrates a piezo element, converting the mechanical energy to electrical energy.

Butthese systems are problematic because they are often tuned for one frequency of vibration. This means that their efficiency is only maximized when external mechanical energy is of the same frequency.

This is where CEA-Letis energy harvesting system comes in.

The energy harvesting systemconverts mechanical energy into electrical energy to power an IC. While similar to a cantilever system, which converts mechanical motion into electrical energy using a piezo effect, the cantilever is electrically tunable, allowingit to match its resonant frequency to the peak frequency of the external mechanical force.

Using an adjustable resonant system increases the harvesting bandwidth by 446%from typical cantilever systems and increases energy efficiency by 94%. The energy needed to control the system is two orders of magnitude lower than what the system harvests; the system requires around 1 W while the energy harvested is between 100 W and 1 mW.

While quantum computing will bring some major changes to the field of computation, they are far from becoming commercialized.

Many hurdles, such as low-temperature requirements, make them difficult to put into everyday applications. But one area, in particular, that is problematic is their integration into standard circuitry.

In a study on energy-efficient quantum computing, researchers explain thatqubits, which are bits in superposition states,must be kept well away from external sources of energy. This is becauseany exposure to external energy puts the qubits at risk ofcollapsing their wavefunction. Such sources of energy can include magnetic field fluctuations, electromagnetic energy, and heat (mechanical vibration).

To make things more complicated, quantum computer circuitry is at some point required to interface with traditional electronic circuitry, such as analog and digital circuits. If these circuits are external to the quantum circuitry, then the issue of space and speed become an issue; remote circuitry takes more room, and the distance reduces the speed at which information can be accessed.

To address these issues, CEA-Leti hasdeveloped a quantum computing technology that combines qubits with traditional digital and analog circuitry on the same piece of silicon using standard manufacturing techniques.

The 28 nm FD-SOI process combines nA current-sensing analog circuitry, buffers, multiplexers, oscillators, and signal amplifiers with an on-chip double quantum dot whose operation is not affectedeven when using the traditional circuitry at digital frequencies up to 7 GHz and analog frequencies up to 3 GHz.

The IC, which operates at 110 mK, is able to provide nA current-sensing while operating on a power budget to prevent interference with the quantum dots, which is 40 times lower than competing technologies.

As the number of transistors on a chip increases, the chances of one failing also increases, thusdecreasingthe yield of wafers. One workaround is to make chips smaller and include fewer transistorswhile also connecting multiple chips together, thus increasingthe overall transistor count.

However, PCBs have issues with connecting multiple dies together. These issues may involve limited bandwidth and the inability to integrate other active circuitry required by the dies, such as power regulation.

CEA-Leti hasmade a breakthrough in IC technology with its active interposer layer and 3D stacked chips.

Namely, the team has developed a 96-core processor on six chiplets, 3D stacked on an active interposer.

Just like the PCB topology, CEA-Leti uses a layer with metal interconnects that connect different dies on a single base. Butunlike a PCB, the interconnection layer is a piece of semiconductor only 100 m thick.

What makes the interposer more impressive is that it isactive. It alsohas integrated circuitry, including transistors. Therefore, the interposer can integrate power regulators, multiplexers, and digital processors, meaningthat the diesdirectly attached to the imposers operate at high-speeds. They alsohave all their needed handling circuitry next to them.

The use of the active imposer also means that smaller ICs with reduced transistor counts can be combined to produce complex circuitry.This improves wafer yields, reduces their overall cost, and expands their capabilities.

These three technologies coming out of CEA-Leti give us a glimpse intoa future where ICs may generate their own power oreven be able to integrate quantum circuitry.

The energy harvesting technology may struggle to find its way into modern designs because most portable applications require relatively large amounts of power (compared to 1 mW) and these devices are often stationary.

The use of quantum circuitry with traditional construction techniques means that quantum security (which may become essential) can be integrated into everyday devicessuch as smartphones, tablets, and computers. Until quantum computing becomes commercial, though, this technology will likely remain niche.

Technologies such as the active imposer may be the first technology of the three discussed here to become widespread as it easily solves modern transistor reduction-related issues.

Is there a specific functionality you can't seem to find in an IC? What limitations do you feel are keeping researchers from making your "dream" IC breakthrough? Share your thoughts in the comments below.

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IC Breakthroughs: Energy Harvesting, Quantum Computing, and a 96-Core Processor in Six Chiplets - News - All About Circuits

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Physicists Captured The Moment That An Atom Enters Quantum Measurement – Somag News

A team of physicists from Sweden, Germany and Spain managed to document the moments of transition of an electron by taking a series of images of strontium ion held in an electric field. Scientists research has attracted a lot of attention with the comments that the universe we experience in our daily lives is not like what we see when we try to look closely.

Objects are an extraordinary result of physics, and these objects can only be identified using a number of sets of probabilities. They all look like duplicates until they try to explore with light to determine their specific size and nature.

In the 1940s, the American-Hungarian mathematician John von Neumann thought that part of the quantum system, for example, the position of the orbital electron, would create enough quantum for all to give up the probable nature of its measurement.

Years later, a German theoretical physicist named Gerhart Lders disagreed with Neumanns assumptions, pointing out that some unstable qualities of a particles possibilities can circulate even while others are being clarified. Although physicists have agreed with Lders in theory, it is not easy to demonstrate experimentally based on measuring some naturally occurring actions in such a way that they do not interfere with each other.

The same quantum computer systemThe researchers placed the electron in a missing strontium atom, trapped the ion in a way to clarify which of the remaining electrons was inside, causing both to meet.

It is actually the same setup that is used in many quantum computers. Quantum computers calculate based on the probability of an objects state before measuring, which means they have an exponentially higher data processing potential than conventional computers.

Research sheds light on the inner workings of natureEvery time we measure the orbit of the electron, the answer will be whether the electron is in a lower or higher orbit, nothing will be between them, said physicist Fabian Pokorny from the University of Stockholm. These findings shed new light on the inner workings of nature and are consistent with the predictions of modern quantum physics, said colleague Markus Hennrich, a physicist researcher at the University of Stockholm.

The research is not the first experiment to show that the quantum leap in the probability of an electron is an expansion process, such as eruption of a volcano rather than a key. However, it is possible to say that the way the change took place adds some interesting details that allow such ideal measurements. Scientists experiments on the subject continue at full speed.

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Top 10 Strategic Technology Breakthroughs That Will Transform Our Lives – Analytics Insight

The world is surrounded by technology technology that makes our jobs easy, the technology that makes our commute easy, the technology that makes out communication easy and so on. Hence, such advancements have turned into a boon to our lives while easing out numerous works that would conventionally take a long time to complete. Now that we look back we see so many new technologies have taken over the world that its nearly impossible to enlist them at once. And how further advancements will impact our lives in new ways we cannot even imagine.

MIT has drafted a list of top 10 strategic technology breakthroughs that will revolutionize our lives in the coming years.

An internet based on quantum physics will soon enable inherently secure communication. A team led by Stephanie Wehner, at Delft University of Technology, is building a network connecting four cities in the Netherlands entirely by means of quantum technology. Messages sent over this network will be unhackable.

The Delft network will be the first to transmit information between cities using quantum techniques from end to end.The technology relies on a quantum behavior of atomic particles called entanglement. Entangled photons cant be covertly read without disrupting their content.

Heres a definition of a hopeless case: a child with a fatal disease so exceedingly rare that not only is there no treatment, theres not even anyone in a lab coat studying it. Too rare to care, goes the saying.

Thats about to change, thanks to new classes of drugs that can be tailored to a persons genes. If an extremely rare disease is caused by a specific DNA mistakeas several thousand aretheres now at least a fighting chance for a genetic fix through hyper-personalized medicine. One such case is that of Mila Makovec, a little girl suffering from a devastating illness caused by a unique genetic mutation, who got a drug manufactured just for her. Her case made the New England Journal of Medicine in October after doctors moved from a readout of her genetic error to treatment in just a year. They called the drug milasen, after her. The treatment hasnt cured Mila. But it seems to have stabilized her condition: it has reduced her seizures, and she has begun to stand and walk with assistance.

Milas treatment was possible because creating a gene medicine has never been faster or had a better chance of working. The new medicines might take the form of gene replacement, gene editing, or antisense (the type Mila received), a sort of molecular eraser, which erases or fixes erroneous genetic messages. What the treatments have in common is that they can be programmed, in digital fashion and with digital speed, to correct or compensate for inherited diseases, letter for DNA letter.

Last June Facebook unveiled a global digital currency called Libra. The idea triggered a backlash and Libra may never launch, at least not in the way it was originally envisioned. But its still made a difference: just days after Facebooks announcement, an official from the Peoples Bank of China implied that it would speed the development of its own digital currency in response. Now China is poised to become the first major economy to issue a digital version of its money, which it intends as a replacement for physical cash.

The first wave of a new class of anti-aging drugs has begun human testing. These drugs wont let you live longer (yet) but aim to treat specific ailments by slowing or reversing a fundamental process of aging.

The drugs are called senolyticsthey work by removing certain cells that accumulate as we age. Known as senescent cells, they can create low-level inflammation that suppresses normal mechanisms of cellular repair and creates a toxic environment for neighboring cells.

The universe of molecules that could be turned into potentially life-saving drugs is mind-boggling in size: researchers estimate the number at around 1060. Thats more than all the atoms in the solar system, offering virtually unlimited chemical possibilitiesif only chemists could find the worthwhile ones.

Now machine-learning tools can explore large databases of existing molecules and their properties, using the information to generate new possibilities. This AI enabled technology could make it faster and cheaper to discover new drug candidates.

Satellites that can beam a broadband connection to internet terminals. As long as these terminals have a clear view of the sky, they can deliver the internet to any nearby devices. SpaceX alone wants to send more than 4.5 times more satellites into orbit this decade than humans have ever launched since Sputnik.

These mega-constellations are feasible because we have learned how to build smaller satellites and launch them more cheaply. During the space shuttle era, launching a satellite into space cost roughly US$24,800 per pound. A small communications satellite that weighed four tons cost nearly $200 million to fly up.

Quantum computers store and process data in a way completely different from the ones were all used to. In theory, they could tackle certain classes of problems that even the most powerful classical supercomputer imaginable would take millennia to solve, like breaking todays cryptographic codes or simulating the precise behavior of molecules to help discover new drugs and materials.

There have been working quantum computers for several years, but its only under certain conditions that they outperform classical ones, and in October Google claimed the first such demonstration of quantum supremacy. A computer with 53 qubitsthe basic unit of quantum computationdid a calculation in a little over three minutes that, by Googles reckoning, would have taken the worlds biggest supercomputer 10,000 years, or 1.5 billion times as long. IBM challenged Googles claim, saying the speedup would be a thousandfold at best; even so, it was a milestone, and each additional qubit will make the computer twice as fast.

AI has a problem: in the quest to build more powerful algorithms, researchers are using ever greater amounts of data and computing power and relying on centralized cloud services. This not only generates alarming amounts of carbon emissions but also limits the speed and privacy of AI applications.

But a countertrend of tiny AI is changing that. Tech giants and academic researchers are working on new algorithms to shrink existing deep-learning models without losing their capabilities. Meanwhile, an emerging generation of specialized AI chips promises to pack more computational power into tighter physical spaces, and train and run AI on far less energy.

In 2020, the US government has a big task: collect data on the countrys 330 million residents while keeping their identities private. The data is released in statistical tables that policymakers and academics analyze when writing legislation or conducting research. By law, the Census Bureau must make sure that it cant lead back to any individuals.

But there are tricks to de-anonymize individuals, especially if the census data is combined with other public statistics.

So the Census Bureau injects inaccuracies, or noise, into the data. It might make some people younger and others older, or label some white people as black and vice versa while keeping the totals of each age or ethnic group the same. The more noise you inject, the harder the de-anonymization becomes.

Differential privacy is a mathematical technique that makes this process rigorous by measuring how much privacy increases when noise is added. The method is already used by Apple and Facebook to collect aggregate data without identifying particular users.

Ten days after Tropical Storm Imelda began flooding neighborhoods across the Houston area last September, a rapid-response research team announced that climate change almost certainly played a role.

The group, World Weather Attribution, had compared high-resolution computer simulations of worlds where climate change did and didnt occur. In the former, the world we live in, the severe storm was as much as 2.6 times more likelyand up to 28% more intense.

Earlier this decade, scientists were reluctant to link any specific event to climate change. But many more extreme-weather attribution studies have been done in the last few years, and rapidly improving tools and techniques have made them more reliable and convincing.

This has been made possible by a combination of advances. For one, the lengthening record of detailed satellite data is helping us understand natural systems. Also, increased computing power means scientists can create higher-resolution simulations and conduct many more virtual experiments.

These and other improvements have allowed scientists to state with increasing statistical certainty that yes, global warming is often fueling more dangerous weather events.

By disentangling the role of climate change from other factors, the studies are telling us what kinds of risks we need to prepare for, including how much flooding to expect and how severe heatwaves will get as global warming becomes worse. If we choose to listen, they can help us understand how to rebuild our cities and infrastructure for a climate-changed world.

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Is Machine Learning Always The Right Choice? – Machine Learning Times – machine learning & data science news – The Predictive Analytics Times

By: Mark Krupnik, PhD, Founder and CEO, Retalon

Since this article will probably come out during Income tax season, let me start with the following example: Suppose we would like to build a program that calculates income tax for people. According to US federal income tax rules: For single filers, all income less than $9,875 is subject to a 10% tax rate. Therefore, if you have $9,900 in taxable income, the first$9,875 is subject to the 10% rate and the remaining $25 is subject to the tax rate of the next bracket (12%).

This is an example of rules or an algorithm (set of instructions) for a computer.

Lets look at this from a formal, pragmatic point of view. A computer equipped with this program can achieve the goal (calculate tax) without human help. So technically, this can be classified as Artificial Intelligence.

But is it cool enough? No. Its not. That is why many people would not consider it part of AI. They may say that if we already know how to do a certain thing, then the process cannot be considered real intelligence. This is a phenomena that has become known as AI Effect. One of the first references is known as Teslers theorem that says: AI is whatever hasnt been done yet.

In the eyes of some people, the cool part of AI is associated with machine learning, and more specifically with deep learning which requires no instructions and utilizes Neural Nets to learn everything by itself, like a human brain.

The reality is that human development is a combination of multiple processes, including both: instructions, and Neural Net training, as well as many other things.

Lets take another simple example: If you work in a workshop on a complex project, you may need several tools, for instance a hammer, a screwdriver, plyers, etc. Of course, you can make up a task that can be solved by only using a hammer or only screwdriver, but for most real-life projects you will likely need to use various tools in combination to a certain extent.

In the same manner, AI also consists of several tools (such as algorithms, supervised and unsupervised machine learning, etc.). Solving a real-life problem requires a combination of these tools, and depending on the task, they can be used in different proportions or not used at all.

There are and there will always be situations where each of these methods will be preferred over others.

For example, the tax calculation task described in the beginning of this article will probably not be delegated to machine learning. There are good reasons to it, for example:

the solution of this problem does not depend on data the process should be controllable, observable, and 100% accurate (You cant just be 80% accurate on your income taxes)

However, the task to assess income tax submissions to identify potential fraud is a perfect application for ML technologies.

Equipped with a number of well labelled data inputs (age, gender, address, education, National Occupational Classification code, job title, salary, deductions, calculated tax, last year tax, and many others) and using the same type of information available from millions of other people, ML models can quickly identify outliers.

What happens next? The outliers in data are not necessarily all fraud. Data scientists will analyse anomalies and try to understand the reason for these individuals being flagged. It is quite possible that they will find some additional factors that had to be considered (feature engineering), for example a split between tax on salary, and tax on capital gain of investment. In this case, they would probably add an instruction to the computer to split this data set based on income type. At this very moment, we are not dealing with a pure ML model anymore (as the scientists just added an instruction), but rather with a combination of multiple AI tools.

ML is a great technology that can already solve many specific tasks. It will certainly expand to many areas, due to its ability to adapt to change without major effort on a human side.

At the same time, those segments that can be solved using specific instructions and require predictable outcome (financial calculations) or those involving high risk (human life, health, very expensive and risky projects) require more control and if the algorithmic approach can provide it, it will still be used.

For practical reasons, to solve any specific complex problem, the right combination of tools and methods of both types are required.

About the Author:

Mark Krupnik, PhD, is the founder and CEO ofRetalon, an award-winning provider of retail AI and predictive analytics solutions for planning, inventory optimization, merchandising, pricing and promotions.Mark is a leading expert on building and delivering state-of-the-art solutions for retailers.

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