Big Tech Takes Aim At The Low-Profit Retail-Banking Industry
After years of timidity Big Tech, with its billions of users and gigantic war chest, at last appears serious about crashing the fintech party. Amazon and Apple introduced a credit card. Facebook announced a new payments system and Google said it would start offering current (checking) accounts in America.
Infinite Scroll: Life Under Instagram
The speed of machine learning is startling, often creepy. It is hard to tell what is creepier: the feeling that someone is somewhere out there, following your every step, or the fact that no one is, just the tracking device you carry with you in your pocket.
When Artists, Engineers, And Pepsico Collaborated, Then Clashed At The 1970 World’s Fair
A year and a half in the making, the Pepsi Pavilion drew eager crowds and elicited effusive reviews. Just a month after the opening, the partnership with Experiments in Art and Technology—E.A.T.—collapsed amidst a flurry of recriminating letters and legal threats.
The Invention Of Money
When the Venetian merchant Marco Polo got to China, he saw many wonders. One of the things that astonished him most, however, was a new invention, implemented by Kublai Khan, a grandson of the great conqueror Genghis. It was paper money, introduced by Kublai in 1260.
Buy A Jumper, Adopt A Sheep From This Carbon-Negative Clothing Company
When customers buy a jumper from Sheep Inc., not only do they receive a high-quality product made from the merino wool of sheep from rural New Zealand, but they are also sent regular updates about the very sheep from which their jumper was made.
China Is Building An Artificial Sun
China has announced advancing plans for its nuclear fusion device known colloquially as an “artificial sun.” The extremely high temperatures of 360 million degrees Fahrenheit lead to the titular effect: literally, the nucleuses of two or more atoms are fused, and the process generates energy.
The Doomsday Invention: Will Artificial Intelligence Bring Us Utopia Or Destruction?
Philosopher Nick Bostrom argues that true artificial intelligence, if it is realized, might pose a danger that exceeds every previous threat from technology—even nuclear weapons—and that if its development is not managed carefully humanity risks engineering its own extinction.
Meet The Bag Man: 10 Rules For Paying College Football Players
How to buy college football players, in the words of men who deliver the money. These men are fans who believe they’re leveraging football success $500 or $50,000 at a time.
The War on Poverty Is Over. Rich People Won.
Why do so many Americans live in poverty? Because so many rich people benefit from it. This is the thesis of the lauded sociologist Matthew Desmond. He shows how employers, financial institutions, and landlords extract money from low-income families while rich families hoard opportunities for themselves.
The Dark Side Of Electronic Waste Recycling
Electronics can be hazardous when disposed of improperly, and the Basel Action Network, or BAN, investigates the underground world of the e-waste trade. The nonprofit group secretly embeds trackers in discarded devices, then hands them to recyclers to see where they end up, exposing bad practices in the process.
Why The Future Of Ghost Kitchens Looks A Lot Like MrBeast Burger
Ghost kitchens have started to disappear. The delivery-only, virtual-restaurant model flourished at the height of the pandemic. While many ghost kitchens fade away, startups like actor Noah Schnapp’s new chain are following MrBeast’s recipe for success.
How Netflix Turned Bill Clinton’s Impeachment Into A Growth Hack
The reason we might all be using Netflix today could have a lot to do with a marketing stunt involving the grand jury testimony that got Bill Clinton impeached. Netflix’s wild bet on political scandal succeeded in almost every single way a story like this possibly could.
The SoftBank Effect: How $100 Billion Left Workers In A Hole
Masayoshi Son, SoftBank’s chief executive, was hailed as a kingmaker in 2016 when he unveiled the Vision Fund. Using the cash hoard, Mr. Son poured money into fledgling companies across the world, many of which have a business model of hiring contractors who deliver their services. Above all, he urged these start-ups to grow as fast as possible.
The Controversy Behind Nike’s Vaporfly Running Shoe, Explained
Nike’s Vaporfly shoes have become a popular choice for both elite and amateur runners. But the shoes may soon be banned in professional competitions if World Athletics, the world governing body of track and field, decides they offer an unfair advantage.
How Much Would You Pay To Never Use Tinder Again?
One in four single people under the age of 35 use dating apps. Being single is very expensive, maybe paying a premium matchmaker thousands of dollars to meet someone isn’t so crazy.
What Do We Call Boomers Who Are Just As Screwed As Millennials?
The rise of hustle culture is often attributed to millennials, but when it comes to grinding in the gig economy these days, Boomers are leading the way. According to Uber, 25 percent of its millions of workers are over 50, with more drivers over 50 than under 30. Meanwhile, Boomer homeowners are the fastest growing demographic for Airbnb.
From 2nd Poorest Country To Fastest Growing Economy in the World
This video takes a look at Sir Seretse Khama, the man that oversaw Botswana’s transformation from to 2nd poorest country in the world to the fastest-growing economy. Botswana today is the world’s largest producer gem diamonds and is one of only a handful of middle-income countries in sub-Saharan Africa.
The Internet Is Destroying Our Collective Attention Span
The length of time our “collective attention” is on any given event has grown shorter, and topics become popular and then drop out of public view at an accelerating rate. It’s no surprise if it feels harder and harder to dwell deeply on any topic.
How Philadelphia Became The One And Only Cream Cheese
There is only one cream cheese, and that is the brick-shaped silver package with the bright blue lettering: Philadelphia. Philadelphia cream cheese’s dominance isn’t a happy accident. Its cult popularity is likely the result of equal parts clever marketing and good timing.
Why Amazon Has So Many Counterfeit Goods
Seizures of counterfeit products at U.S. borders have increased 10-fold over the past two decades as e-commerce sales have boomed. The total value of seized goods – if they had been real – reached nearly $1.4 billion in 2018. Most are coming from mainland China or Hong Kong.
Volkswagen Gives Classic 1972 Type 2 Microbus An Electric Upgrade
Volkswagen has replaced the original internal-combustion engine of this 1972 Type 2 Microbus with an electric powertrain. The German automaker commissioned EV West — a company that specializes in electric conversions on the west coast.