BUSINESS & ECONOMICS EDITOR'S PICK How Luxury Defies Economic Laws Key Takeaway: The law of demand, which states that as prices rise, demand generally falls, is a fundamental principle in economics. However, some goods, such as Veblen and Giffen goods, challenge this rule. Veblen goods, also known as “snob” goods, are valued for their prestige, exclusivity, and social standing. They are valued for their intrinsic […] Saving Bookmark this article Bookmarked
EDITOR'S PICK TECHNOLOGY Can You Create A Question That Stumps A.I.? Key Takeaway: Humanity’s Last Exam is an initiative by Scale AI and the Center for AI Safety (CAIS) to test the limits of artificial general intelligence (AGI). The challenge is not just a tech contest, but a bold experiment in assessing the progress of AI. AI models are already outperforming humans in math, law, and […] Saving Bookmark this article Bookmarked
EDITOR'S PICK TECHNOLOGY The Inherent Risks Of A.I. Key Takeaway: Leading scientists and technologists often make terrible predictions about the direction of innovation, leading to misalignments between a company’s economic incentives to profit from its proprietary AI model and society’s interests in how the AI model should be monetised and deployed. Focusing on the economic risks from AI is not just about preventing […] Saving Bookmark this article Bookmarked
EDITOR'S PICK SCIENCE The Science Behind The Loch Ness Monster Key Takeaway: The Loch Ness legend, a mysterious freshwater lake in Scotland, has been passed down through generations as mythological creatures. The lake, which is 23 miles long, wide, and deep, has been a subject of fascination for millions of people. However, no physical evidence of an unusual or prehistoric creature has ever been found. […] Saving Bookmark this article Bookmarked
EDITOR'S PICK SOCIOLOGY Why Is Free Time Still So Rare In Our Modern Productive Society? Key Takeaway: In the past, many economists assumed that people’s need for more stuff would eventually be met, leading to more free time. The 40-hour week is not the result of a personal calculation of costs and benefits but rather a result of a hard-fought political battle that culminated in the Fair Labor Standards Act […] Saving Bookmark this article Bookmarked
EDITOR'S PICK The Economics Of Rare Whisky Key Takeaway: The whiskey market has been booming for some time, with rare bottles and barrels selling for astronomical prices. The market has been driven by economic factors, with high prices for rare items like rare bottles and barrels, and social factors, such as the increasing focus on the purported authenticity of craft products like […] Saving Bookmark this article Bookmarked
EDITOR'S PICK SCIENCE Does Blindness Change Our Sense Of Sound? Key Takeaway: A recent study published in PNAS found that blind individuals are better at perceiving auditory motion than sighted people. The study involved blind participants who were asked to judge the direction of a sound embedded in bursts of background noise. The results showed that blind participants were able to determine the direction of […] Saving Bookmark this article Bookmarked
BUSINESS & ECONOMICS EDITOR'S PICK The Significance Of The Cybertruck Key Takeaway: Tesla, a high-volume, premium-priced leader in the global electric vehicle (EV) market, experienced a 50% growth in deliveries in 2019. The company announced the Cybertruck in 2019, marking its first move into light/pickup trucks. However, delays in deliveries and the cost of bulletproof glass have hindered its development. Tesla now faces challenges in […] Saving Bookmark this article Bookmarked
BUSINESS & ECONOMICS EDITOR'S PICK ENTREPRENEURSHIP The Paradoxical Life Of Elon Musk Key Takeaway: Elon Musk, the world’s richest man, has a diverse career in space exploration, electric cars, AI, and social media. His biography, written by Walter Isaacson, covers events up to Space X’s unsuccessful Starship rocket launch in April 2023. Isaacson interviews Musk and uncovered newsworthy information, such as his Starlink satellite network’s crucial role […] Saving Bookmark this article Bookmarked
EDITOR'S PICK TECHNOLOGY Quantum Computing In 2023 In June, an IBM computing executive claimed quantum computers were entering the “utility” phase, in which high-tech experimental devices become useful. In September, Australia’s Chief Scientist Cathy Foley went so far as to declare “the dawn of the quantum era”. This week, Australian physicist Michelle Simmons won the nation’s top science award for her work on developing silicon-based […] Saving Bookmark this article Bookmarked
How Venture Capital Is Redefining Military Tech Key Takeaway: Venture capital-backed startups, such as Anduril Industries, are transforming the defense sector by securing multi-million dollar contracts from the US Department of Defense and the UK Ministry of Defence. This surge in AI-driven defense technologies is driven by a relentless appetite for risk and innovation, with venture capital firms playing a pivotal role […] Written by Empirics Asia January 24, 2025January 24, 2025 Saving Bookmark this article Bookmarked
How Ultra-Fast Science Will Transform Our Future Key Takeaway: Attosecond science, a field that earned the Nobel Prize in Physics in 2023, uses ultra-short laser pulses to observe and manipulate matter on timescales previously thought impossible. This breakthrough has implications across various sectors, including computing, renewable energy, medicine, and beyond. Attosecond science harnesses the energy of laser light to emit rapidly moving […] Written by Empirics Asia January 22, 2025January 22, 2025 Saving Bookmark this article Bookmarked
The Rise Of Virtual Microbes? Key Takeaway: Researchers are using genome-scale metabolic models (GEMs) to study the complexities of microbial life, offering innovative solutions to climate change and space challenges. GEMs simulate the vast network of metabolic pathways within living organisms, allowing scientists to test and predict microbial behavior across diverse environments. They provide a detailed framework for understanding organisms’ […] Written by Empirics Asia January 15, 2025January 15, 2025 Saving Bookmark this article Bookmarked
Birkin Under Seige: Unlikely Challenge Of A Luxury Icon Key Takeaway: The “Wirkin” bag, a $78 imitation of Hermès’ Birkin bag, has gained popularity on TikTok, attracting millions of users. The bag, a clever portmanteau of “Walmart” and “Birkin,” allows everyday consumers to partake in high-end fashion without the exorbitant cost. The trend reflects a broader shift in societal values, where symbols of wealth […] Written by Empirics Asia January 14, 2025January 14, 2025 Saving Bookmark this article Bookmarked
Fusion: The Move Towards Unlimited Clean Energy Key Takeaway: In 2022, scientists achieved the “experiment of the century” at Lawrence Livermore National Laboratory, marking the first time a fusion reaction produced more energy than consumed. This achievement has attracted billions of dollars in private investment, particularly in the United States, to advance fusion technology. However, a myriad of engineering challenges remain before […] Written by Empirics Asia January 13, 2025January 13, 2025 Saving Bookmark this article Bookmarked
The Radical Future Of Data In Space Key Takeaway: The demand for data centers is increasing, but they come with a significant environmental cost. Space-based data centers could be a potential solution, as they can be deployed and scaled with unprecedented speed to meet the surge in data demand. Companies like Lumen Orbit and Ascend are exploring extraterrestrial solutions, leveraging solar energy […] Written by Empirics Asia January 10, 2025January 10, 2025 Saving Bookmark this article Bookmarked
The Biggest Fallacies Of Our Shopping Culture Key Takeaway: As the new year begins, it’s important to challenge consumer myths and adopt a more conscious approach to consumption. The fallacy of “more is better” is a myth that materialistic consumption leads to diminished personal happiness and societal wellbeing. Low-consumption lifestyles can bring personal fulfillment and environmental benefits. The myth of “new equals […] Written by Empirics Asia January 9, 2025January 9, 2025 Saving Bookmark this article Bookmarked
Rethinking Education Key Takeaways: The Industrial model of education that fueled the modern era and its dizzying reach did its job incredibly well. In his writing, Flynn illustrates study after study, spanning nations and decades, in which modern educational gift of abstraction — a transcendent sign of intelligence, as we saw in Raven’s Matrices — has been […] Written by Anthony Fieldman March 2, 2022October 19, 2022 Saving Bookmark this article Bookmarked
How China Is Transforming Its Economy Through Learning I highly recommend reading the McKinsey Global Institute’s new report, “Reskilling China: Transforming The World’s Largest Workforce Into Lifelong Learners”, which focuses on the country’s biggest employment challenge, re-training its workforce and the adoption of practices such as lifelong learning to address the growing digital transformation of its productive fabric. How to transform the country […] Written by Enrique Dans February 1, 2021February 1, 2021 Saving Bookmark this article Bookmarked
Why You’re Not Seeing Success With Influencer Marketing With the new year around the corner, now is a good time to re-evaluate your past marketing strategies and gear up for the year ahead. For some businesses, influencer marketing has simply not seemed to live up to its lofty promises of genuine engagement, credibility, and transparency. Some have claimed that it has been failing […] Written by Michael Tan January 14, 2021January 15, 2021 Saving Bookmark this article Bookmarked
A New Philosophy of Business I’m about to ask you to take a mental leap. For the next 8 minutes, suspend your notions of what a business is, and I’ll propose a new lens for you to look through. There are a lot of questions asked around what “community” means for business. “Where should community fit in my organization?” and […] Written by Empirics Asia September 5, 2018September 5, 2018 Saving Bookmark this article Bookmarked