Lifeboat Foundation

Exponential Fever. The business world is currently gripped by exponential fever. The concept came to prominence with Moore’s law — the doubling every 18–24 months of the amount of computer power available for $1,000. The phenomenon has since been replicated in many fields of science and technology. We now see the speed, functionality and performance of a range of technologies growing at an exponential rate – encompassing everything from data storage capacity and video download speed to the time taken to map a genome and the cost of producing a laboratory grown hamburger.

New Pretenders. A wave of new economy businesses has now brought exponential thinking to bear in transforming assumptions about how an industry works. For example, AirBnB handles roughly 90 times more bedroom listings per employee than the average hotel group, while Tangerine Bank can service seven times more customers than a typical competitor. In automotive, by adopting 3D printing, Local Motors can develop a new car model 1,000 times cheaper than traditional manufacturers, with each car coming ‘off the line’ 5 to 22 times faster. In response, businesses in literally every sector are pursuing exponential improvement in everything from new product development and order fulfillment through to professional productivity and the rate of revenue growth.

Stepping Up. For law firms, the transformation of other sectors and their accompanying legal frameworks creates a massive growth opportunity, coupled with the potential to bring similar approach to rethinking the way law firms operate. While some might be hesitant about applying these disruptive technologies internally, there is a clear opportunity to be captured from helping clients respond to these developments and from the creation of the industries of the future. To help bring to life the possibilities within legal, we highlight seven scenarios that illustrate how exponential change could transform law firms over the next 5 to 10 years.

Rise of the ‘Exponential Circle’. Our continuing programme of research on the future of law firms suggests that we will see exponential growth for those firms who can both master the legal implications of these technologies for their clients and become adept at their application within the firm. By 2025, we could indeed have witnessed the emergence of an Exponential Circle of law firms who have reached ‘escape velocity’ and left the rest behind.

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In the hopes of rising above the laws and regulations of terrestrial nations, a group of Silicon Valley millionaires has bold plans to build a floating city in Tahiti, French Polynesia. It sounds like the start of a sci-fi dystopia (in fact, this is the basic premise behind the video game Bioshock), but the brains behind the project say their techno-libertarian community could become a paradise for technological entrepreneurship and scientific innovation.

The Seasteading Institute was set up in 2008 by billionaire PayPal founder Peter Thiel and software engineer, poker player, and political economic theorist Patri Friedman. Both ardent libertarians, their wide-eyed mission is to “establish permanent, autonomous ocean communities to enable experimentation and innovation with diverse social, political, and legal systems.”

“Seasteading will create unique opportunities for aquaculture, vertical farming, and scientific and engineering research into ecology, wave energy, medicine, nanotechnology, computer science, marine structures, biofuels, etc,” their website reads.

Continue reading “Floating City Project Wants To Make An ‘Unregulated’ Hub Of Scientific Research” »

“Think of these planets as international waters,” says Jain. “Nobody gets to own the underlying things, but they can use the private resources,” “They [can] own the fish and the oil … we as a private company are flying under the U.S. flag, in some sense then, we are a ship in international waters.”

With the legal framework in place to determine who owns the rights to any resources recovered on the moon and beyond, the doors of opportunity have been flung wide open. There’s a massive hoard of loot floating over our heads, and whoever gets there first basically has carte blanche to mine it — we just have to make the trip.

Continue reading “Billionaire space prospectors are racing to mine the moon, and that’s a good thing” »

The team, made up of highly educated academics, lawyers, scholars and philosophers, form the Centre for the Study of Existential Risk (CSER, commonly referred to as “caesar”) and the Leverhulme Centre for the Future of Intelligence. At times of global threat, the experts meet to assess the biggest threats facing Earth and what can be done to save civilisation from the impending apocalypse.

An extensive new analysis by Deloitte estimates that over 100,000 jobs will be lost to technological automation within the next two decades. Increasing technological advances have helped replace menial roles in the office and do repetitive tasks.

To paraphrase the Bard’s famous quote: “The first thing we do, let’s replace all the lawyers with automated algorithms.”

Continue reading “New Report Predicts Over 100,000 Legal Jobs Will Be Lost To Automation” »

The recent efforts to remove Net Neutrality have given many a sense of impending doom we are soon to face. What happens to an Internet without Net Neutrality? Advocates have a vision of the possible results — and it is quite the nightmare! In this segment of Future A to Z, The Galactic Public Archives takes a cheeky, yet compelling perspective on the issue.

Part 1 / Part 2

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This new site, a cross between AngelList and Kickstarter — and developed with AngelList — will especially help developers who want to fundraise before launching a network.

Hedge fund Numerai looks after its employees even “after their legal death.”

A new story out on #transhumanism:

In the Basic Income America Facebook group, Zoltan Istvan, a transhumanist who recently ran for president, shared his Wired article, Capitalism 2.0: the economy of the future will be powered by neural lace. He (along with many others) argues Wall Street, law offices, engineering firms, and more will soon be mostly void of humans.

I think I mostly agree with him. Algorithms will far surpass human ability to achieve the best possible outcomes (Nash equilibrium). Having read Super Intelligence, the Master Algorithm, The Age of Em, books on evolution, lectures, interviews, etc… I think we’re approaching an important moment in human history where we have to figure out morality so we can build it into the proto-AI children we are giving birth to. I’ve even toyed around with a fun idea related to the simulation hypothesis. Maybe we exist as a simulation, repeating the birth of AI over and over again until we figure out a way to do it without destroying ourselves or turning the universe into computonium.

Continue reading “Are You Drinking the Transhumanist Kool-Aid?” »