The Algorithms
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Cabbies, Terminated

The researchers found that Manhattan’s 13,000 taxis made 470,000 trips a day. Their average speed was 10 to 11 m.p.h., carrying an average of 1.4 passengers per trip with an average wait time of five minutes.

In comparison, the report said, it is possible for a futuristic robot fleet of 9,000 shared automated vehicles hailed by smartphone to match that capacity with a wait time of less than one minute. Assuming a 15 percent profit, the current cost of taxi service would be about $4 per trip mile, while in contrast, it was estimated, a Manhattan-based driverless vehicle fleet would cost about 50 cents per mile.

The upside of [...]

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When Will The Machines Start Predicting Bestsellers?

In November, Knopf bought a 900-page debut novel by Garth Risk Hallberg for almost $2 million. It’s a tremendous gamble, regardless of the book’s quality, if one that many publishers were happy to make: more than 10 houses bid more than $1 million, according to the Times. Predicting a novel’s fate in the commercial or critical marketplace is a fool’s gambit, as indicated both by works like the first Harry Potter novel, which was repeatedly rejected before becoming, well, Harry Potter, and by expensive flops like Charles Frazier’s Thirteen Moons. The novelist Curtis Sittenfeld said, "People think publishing is a business, but it’s a casino."

But what if publishers [...]