The Auto Industry Bets Its Future on Batteries – The New York Times:
Long considered one of the least interesting car components, batteries may now be one of the most exciting parts of the auto industry. Car manufacturing hasn’t fundamentally changed in 50 years and is barely profitable, but the battery industry is still ripe for innovation.
Several battery factories are in the planning or construction phase in the United States, including a factory G.M. is building in Ohio with LG, but analysts said federal incentives for electric car and battery production would be crucial to creating a thriving industry in the United States.
all of the money pouring into battery technology is good news. It puts capitalism to work on solving a global problem. But this reordering of the auto industry will also claim some victims, like the companies that build parts for internal combustion engine cars and trucks, or automakers and investors that bet on the wrong technology.
The first priority for the industry is to make batteries cheaper. Batteries for a midsize electric car cost about $15,000, or roughly double the price they need to be for electric cars to achieve mass acceptance, Mr. Srinivasan said.
Longer term, the industry holy grail is solid state batteries, which will replace the liquid lithium solution at the core of most batteries with solid layers of a lithium compound. Solid state batteries would be more stable and less prone to overheating, allowing faster charging. They would also weigh less.
Elon Musk, Tesla’s chief executive, said on a recent conference call with analysts. “Prototypes are easy. Scaling production is very hard.”
Opinion | The Gig Economy Is Coming for Your Job – The New York Times:
“… he was an expert in delivering carefully assembled trays of food and drink to hungry guests. But the number of orders had sharply decreased. What was once 50 glasses of orange juice every morning had dwindled to 10, and Mr. Martín’s tip income fell accordingly. At lunchtime, he seemed to make more deliveries of plates and silverware than actual food.”
Sound waves used to separate microplastics from laundry wastewater:
“In lab tests, the BAW setup was found to capture 95 percent of PET (polyethylene terephthalate) fibers, and 99 percent of Nylon 6 fibers. Before the system can enter production, though, the fiber-separation process needs to be speeded up, as it would currently take washing machines quite a long time to drain.”
Richard Montañez went from cleaning toilets to being one of the most creative executives in the food industry. But first, he had to call the CEO…
— Read on thehustle.co/hot-cheetos-inventor/
*Worth a read.
Drug Companies and Doctors Battle Over the Future of Fecal Transplants – The New York Times:
“The clash is over the future of fecal microbiota transplants, or F.M.T., a revolutionary treatment that has proved remarkably effective in treating Clostridioides difficile, a debilitating bacterial infection that strikes 500,000 Americans a year and kills 30,000.”
*This is worth reading.
The Robots Are Coming for Investment Bankers, Not Just Truck Drivers https://hunterwalk.com/2016/09/07/the-robots-are-coming-for-investment-bankers-not-just-truck-drivers/
“Maybe in ten years investment bankers will stand alongside truck drivers in discussions about safety nets, universal basic income and skills retraining.”
“The vulnerability of these jobs is due, in large part, to the easy availability and rapidly declining price of computing power, as well as the rise of ‘‘machine learning’’ software, like Kensho, that gathers and assimilates new information on its own.”
*Machine learning, automation and innovation will led to human disruption at a rapid pace, perhaps outpacing precious technological transformations.
What is lock-out?:
There’s a reason big companies don’t create new stuff, they are subject to rules that individual creators aren’t. They aren’t free to try new ideas out.
*Innovation is on the side of startups. 1,000 startups can try multiple ideas and iterations to find product market fit. The incumbent firms have no idea on how to effectively find what is next.
Bijan Sabet — The “blah blah blah on steroids”:
“Redefining an experience in a unique way is how you beat the market leader. “
A new technology enables new opportunities.
A few lines from the book The New New Thing.
At some point in the early 1990s the engineers had figured out that they didn’t need to build new computers to get rich. They just had to cook up new things for computers to do.
“As knowledge becomes the resource of post-capitalist society, the social position of school as “producer” and “distributive channel” of knowledge, and its monopoly, are both bound to be challenged. And some of the competitors are bound to succeed.”
*Business model innovation.