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How AI augmentation will fuel net job growth by 2020

“The main contributor to the net job growth is AI augmentation, a combination of human and AI where each complements the other” writes John-david Lovelock for venturebeat.com. While AI-prompted employee churn is a new reality, net job growth from AI will cross into positive territory in the coming years as companies evaluate the impact of their long-term AI direction.A subset of smart products is mechanical robots with embedded AI that can move in, and interact with, the robots’ environment.Job loss will predominantly occur in the middle-skilled jobs, typified by situations…

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GM sets a flight plan to accelerate fuel cell work

“We saw a great opportunity here to exploit the advantages of a fuel cell,” Freese said” writes Michael Wayland for autonews.com. The Chevrolet Colorado ZH2 fuel cell electric vehicle, a joint project between GM and the U.S. Army, exemplifies GM’s strategy to partner on fuel cells.It calls for the companies to mutually explore opportunities to leverage Liebherr’s strong position as a supplier of on-board aircraft systems with GM’s fuel cell technology.Fuel cell systems can operate either in-flight or on the ground much more quietly and efficiently than current auxiliary power…

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News Oil 

Fossil fuel resurgence has already dashed Paris climate goals, says BP

“BP has warned that the global consumption of fossil fuels has increased for the first time in years, delivering a blow to the Paris climate goals agreed by almost 200 countries just two years ago” writes Energy Editor for telegraph.co.uk. The oil major’s annual review of world energy trends shows that, after years of modest decline, the appetite for oil, gas and coal increased last year due to energy-hungry countries in the developing world.Global energy consumption in 2017 grew by its fastest rate in five years at 2.2pc, well above the…

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Fill up with fuel before crossing Channel, holidaymakers told, as pumps run dry in France

“More than 100 French fuel stations were either low on supplies or had run out, mainly near Paris, Nantes and Lyon, on Tuesday, according to reports” writes Telegraph Reporters for telegraph.co.uk. Holidaymakers embarking on a trip to France by car should fill up with fuel before crossing the Channel, a breakdown rescue firm has warned.Some French filling stations are running dry due to farmers blockading refineries and fuel depots.Farmers are protesting against oil firm Total importing palm oil for use in biofuels, which farmers see as a threat to their…

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Used-car prices rise to a record, and sedans are partly to blame

“Car buyers continue to gravitate to pricier trucks and SUVs, but rising gas prices have boosted consumer demand for smaller vehicles, which in turn contributed to a record increase in used-car prices, analysts at Edmunds said in a note Tuesday” writes Claudia Assis for marketwatch.com. That could change, however, if gas prices continue to rise.But as fuel costs hit a four-year high in the first quarter of 2018, some of those “price-sensitive consumers” started to reconsider the switch from car to SUV or truck, Edmunds said. Source: marketwatch.com Share This:

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Cambridge rules out divestment in culmination of fossil fuel campaign

“Cambridge University has rejected calls for the abandonment of its oil and gas investments and instead adopted weaker measures proposed by its own working group” writes Dia Chakravarty for telegraph.co.uk. In a meeting of the University Council on Friday, senior officials are understood to have voted not to establish a 10 per cent fund for ethical investment, or to ban indirect investments in coal and tar sands.The university has been the site of student protests against fossil fuel investment for three years, which culminated in a dramatic banner drop on…

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Scott Pruitt’s fuel economy rollback is hurting American consumers

“By design, the fuel-economy standards phase in gradually over the years, because it takes time to develop new models” writes Luke Sharrett Bloomberg for washingtonexaminer.com. But Pruitt ignores this fact and tries to argue that the popularity of SUVs somehow makes it harder for automakers to meet fuel-economy standards.For example, national fuel-economy standards grade automobiles on a curve: SUVs don’t have to get as many miles per gallon as small cars do.And yet supporters of the fuel-economy rollback have the gall to claim that stronger fuel economy standards will somehow…

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Sources: Indonesian ride-hailing company Go-Jek has been offered $1B+ in new funding from existing investors to continue overseas expansion

“The Jakarta-based startup recently raised funds from investors including Google, Singapore state investment company Temasek Holdings Pte and Chinese online shopping giant JD.com Inc” writes Joyce Koh Yoolim for bloomberg.com. Go-Jek’s latest funding round brought in about $1.5 billion of new capital and valued the company at roughly $5 billion, Bloomberg News has reported.Go-Jek, the Indonesian ride-hailing provider, has been offered at least $1 billion of new funding from existing investors eager to accelerate its overseas expansion, people with knowledge of the matter said. Source: bloomberg.com Share This:

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