Recent rapid progress in machine learning -- a very powerful and flexible statistical prediction technique -- has raised worries that machines will soon be able to outperform humans at any conceivable task.
Between 1995 and 2005, immigrants started more than half of the new businesses in Silicon Valley. As of 2011, more than 40 percent of Fortune 500 companies were started by immigrants or their children.
The more information a merchant gets about a customer -- where they live, what they buy, what websites they visit, etc. -- the better they can predict how much they’d be willing to pay for a certain product.