When China first opened to overseas investors, the country was desperate for foreign technology to revive its growth. Now, as China faces rising global barriers, its leader, Xi Jinping, is urging greater domestic innovation.
Mr. Xi delivered this message on Wednesday while making an anniversary pilgrimage to the southern city of Shenzhen, which in 1980 was established as a “special economic zone” next to the global financial hub of Hong Kong. Shenzhen quickly became an incubator for “reform and opening up,” the strategy championed by the Chinese leader Deng Xiaoping that paved the way for the country’s decades-long economic takeoff.
Forty years later, Mr. Xi said China still welcomed foreign investors, but he also said it must prepare for a less welcoming world. The coronavirus pandemic has accelerated the rise of barriers to the free flow of goods and technology, Mr. Xi said, a theme that he has stressed recently.
The smart city market size is poised to grow by USD 2118.14 billion during 2020-2024, progressing at a CAGR of almost 23% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.
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Technavio has announced its latest market research report titled Global Smart City Market 2020-2024 (Graphic: Business Wire)
IoT systems have revolutionized the connected network ecosystem over the last few years. Smart city infrastructure is based on an efficient and connected network system. The reduction in costs of IoT sensors and associated systems, and in the cost of broadband
Since announcing plans to go public with a SPAC, Opendoor’s been offering potential investors a peek under the hood. Last week’s 650-page prospectus gave an unvarnished account of its financials, including nearly $1 billion in losses since 2013.
The filing also shined a light on the volatility of this year’s business: The company lost $118 million on nearly $2 billion of revenue during the first half of 2020. By comparison, it lost $158 million on $2.7 billion in revenue during the same period last year.
Opendoor’s deal with Chamath Palihapitiya’s blank-check company, Social Capital Hedosophia Holdings II, values the iBuyer at $4.8 billion and will give Opendoor $1 billion in new cash. Proceeds include $600 million through a PIPE, or private investment in public equity.
Here’s what else you need to know about the offering:
SoftBank’s stake. The firm invested $400 million in 2018 and will hold
NEW YORK CITY (WABC) — A City Council member is urging New York to embrace new technology for voting in future elections.
Councilman Ritchie Torres was joined by Mobile Voting Project founder Bradley Tusk at a press conference Friday to call for the New York State Board of Election to enact mobile voting.
With less than three weeks until Election Day, it comes on the heels of a recent incident wherein the New York City Board of Elections mistakenly mailed out as many as 100,000 faulty ballots in Brooklyn alone and just weeks after President Donald Trump’s administration sought to gut the United States Postal Service to hamper mail-in ballot turnout.
Related: New York City erroneous ballot issue extends onto Long Island
Torres said studies show that the U.S. trails most developed countries in voter turnout.
According to data compiled by the United States Election Project, turnout in the 2016
In Salt Lake City schools, absences rise when the air quality worsens, and it’s not just in times of high pollution or “red” air quality days — even days following lower levels of pollutions saw increased absences.
Research is still ongoing, and the evidence isn’t yet conclusive enough to draw a cause-and-effect relationship between air quality and children’s absences from school but the correlation, according to Daniel Mendoza, a research assistant professor in the Department of Atmospheric Sciences and visiting assistant professor in the Department of City & Metropolitan Planning, merits further exploration. Mendoza and his colleagues published their results in Environmental Research Letters.
Air pollution is harmful for not only the health, but also the education and well-being of children in our community,” says study co-author Cheryl Pirozzi, assistant professor in the Division of Respiratory, Critical Care, and Occupational Pulmonary Medicine. “Even at relatively low levels that many
Waymo, the autonomous car unit of Google-parent Alphabet, opened its robo-taxi project to the general public in the US city of Phoenix on Thursday, becoming the first widely available driverless ride service.
Now that the project has shifted out of its test phase, anyone signed up through the Waymo One smartphone app can summon autonomous vehicles to travel throughout the Arizona city’s metro area, chief executive John Krafcik said.
“Members of the public service can now take friends and family along on their rides and share their experience with the world,” he added.
“We’ll start with those who are already a part of Waymo One and, over the next several weeks, welcome more people directly into the service through our app.”
The Waymo One app is available on the Apple App Store and Google Play.
Waymo started testing a fully driverless ride service in Phoenix some three years ago with
They abounded in Gentilly. They checkerboarded Marrero. They are eponymous with Metairie.
“They” were truck farms, and from the 1870s to the 1950s, their crop-lined fields dominated the fringes of greater New Orleans, from Arabi to Marrero, from Algiers to Kenner.
A truck farm is a small agricultural enterprise devoted to raising vegetables, fruit, dairy and other delicate edibles. “Truck” comes not from the vehicle they were transported in — yet to be invented in the late 1800s — but from the French torquer, meaning exchange or barter, as many such farmers traded their yield at the town market.
Truck farms were sometimes known as market gardens, and their bounty fed both the family and as well as the local community. “Truck” came to be synonymous with fresh fruit and vegetables.
Lithium-ion battery technology has made impressive gains over the years. Today’s cells are cheaper than they’ve ever been, but lithium-ion still leaves a lot to be desired in terms of energy density compared to liquid hydrocarbon fuels. Which means that putting enough of them in a car to give it an acceptable range adds a lot of mass and volume. Which is where solid-state batteries come in.
In a traditional battery, a pair of electrodes are immersed in an electrolyte solution, and it’s this liquid electrolyte that allows ions to
Michael Pegues, a relative newcomer to government, is the CIO of the second largest city in Illinois. Despite only being in the job for three years and having no background in local government, he has developed a passion for city work and has become an urbantech champion.
What makes Pegues’ case so interesting is that he has taken a much bolder approach to encouraging innovation than many other city CIOs. In my experience, cities often set up limited innovation zones where they experiment with technologies before rolling them out more widely. Pegues has eschewed this intermediate step and turned his city into one giant innovation sandbox through his 605 Innovation District project (605 being the first three digits of the five zip codes in Aurora).
It’s a bold move—and one that isn’t without risks. But the initiative shows how a forward-thinking CIO willing to embrace and successfully manage those