Although the notion of double, triple, or quadruple and above dipping is not novel, there have been very distinct and unique changes in the approach to this by many that have been heavily influenced by pandemic-related alterations in work structures and environs. A number of discernible shifts regarding the manner in which productivity and life satisfaction are measured and achieved have taken place in recent times.
Digital twinning certainly is not an idea nor implementation that is new. NASA was utilizing the concept beginning with the Apollo missions, and a number of industries helped to refine and enhance its usage leading up to the current day. However, recent advances in AI, Internet of Things, Analytics, and other relevant disciplines have made it highly attractive for numerous investors across an array of fields and applications.
It’s been estimated that over 90% of the data produced on the planet has been generated over the past couple of years. The number is rather astonishing and has been produced by a combination of consumer-based activity that is ever increasingly put together in real time and without halt and the addition of various forms of machine learning that have been putting forth unstructured and more defined pieces of information at exponential growth rates.
Recently released reports show that through the third quarter of 2022 approximately $290 billion is at the reach and behest of venture capital firms while the volume of investment has decreased about 10% from the record number of the prior year. Around $140 billion of the aforementioned amount raised was put together during the first half of the current year and represents an almost equal figure for that accumulated during the entirety of 2021.
The figures are in for the third quarter of 2022. They show that just a bit shy of $75 billion was generated by the world venture capital market during this period. This represents about a 35 percent quarterly decline and a drop of nearly 60% from the high-water level generated in Q4 of 2021. The number of deals seen came in at almost 8000 which was about 10% fewer than the previous period.
From remote workers to delivery vans, AI is now being utilized by a wide swath of businesses to surveil, correct, and determine workforce activities at increasingly comprehensive levels on a daily basis. The notion of monitoring production in the company environment certainly is far from new and has undergone countless permutations over the years.
In a development that will surprise no individual who has spent an appreciable amount of time operating in the recruitment realm, it turns out that the barrage of AI systems and operations being developed and used to try and eliminate bias from the recruitment process may be doing more harm than good. A number of companies and internal resources departments have begun to utilize artificial intelligence offerings to automate a variety of steps in the hiring chain ranging from resume screening to job offer construction.
Over $369 billion has been allotted to prompt an expansion of renewable energy and cleantech initiatives. Solar and wind construction could readily surpass the amount currently in use by a factor of two to three within the end of the decade, costs should continue on a downward trend, and job growth within the sector is anticipated to be exceptional. Tax credits and subsidies will be put in place that are structured in a manner that will make it highly attractive to start and operate projects in this arena.
Barely one year ago Astra Space became the first launch company to begin trading on the Nasdaq. A couple of fairly well-known Seattle area individuals helped to prop up the transaction via a SPAC-based offering that resulted in an initial valuation of more than $2 billion and generated approximately $500 million in cash. The ultimate plan at the time was to have nearly daily launches by 2025.
Fluree and Zettalabs announced a recent merger that will combine a graphing database venture with an AI/Machine Learning platform. The market for these types of solutions is expected to triple from the current value mark of about $1 billion to over $3 billion by 2024 given the increased demand in recent years. Voluminous amounts of dispersed, highly unstructured data are being accumulated by organizations at an ever-increasing velocity and the need for a system that can incorporate all potential relationships and amalgams of a particular information grouping is essential.
Maritime Launch recently received the go ahead to initiate the establishment of a small to medium launch center on the tip of a peninsula on the east side of Nova Scotia. Initial objectives are to begin with suborbital operations and build the infrastructure, government support, and client base from that point. The proposed first mission is tentatively set for Q2 of 2023 utilizing a small-class Reaction Dynamics vehicle with a 150 kg max payload rating. Plans to expand to medium capacity launches will follow with a cadence of about 8-10 per year.
The concept of quiet quitting and its various permutations has been referred to as everything from a “fake trend” by the Atlantic to a full out crisis by a number of organizations. A recent survey conducted by Gallup found that a minimum of 50% of current employees in the U.S. classified themselves in a group that is somewhat nebulously defined as conducting the bare minimum of work as specifically outlined in their job description or simply doing enough to stay under the radar and not be terminated. This is certainly not a novel concept, but are there new and unique undertones to this latest disposition that have been brought about by the events of the past few years?