Beware the unintended consequences of a robot revolution

Beware the unintended consequences of a robot revolution  #robotics #AI

  • Ask an economist or a technology expert and they will happily tell you that decades of data reliably show automation has created more jobs than it has destroyed.
  • The problem with this rose-tinted view of automation, however, is its focus on big averages that take little account of individuals’ experiences.
  • As tempting as it may be to pour money into boosting automation in return for the long-awaited boost to productivity and headline economic growth, doing so without having a clear plan for retraining displaced workers would cause untold harm to millions of individuals.
  • As the Institute for Public Policy Research points out , some workers are far more vulnerable than others to automation.
  • If the government fails to act, the result could all too easily be a spike in unemployment and poverty in places with the lowest skilled workers – a very high price to pay for a bit of average productivity growth.

Investment in education and retraining is needed to equip people to adapt as automation shakes up their workplaces
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Could Artificial Intelligence Achieve Singularity in 20 Years?

Could #ArtificialIntelligence Achieve Singularity in 20 Years? 

 #fintech @techdiggnews #AI

  • It’s almost safe to say human level artificial intelligence will happen in the years to come, but the question is, how long do we have to wait?
  • As expected, many folks view a future of singularity AI to be a huge problem humans must refrain from bringing into existence, but Damien Scott, a Stanford University business and energy and earth sciences graduate, doesn’t quite agree.
  • “We’ll start to see narrow artificial intelligence domains that keep getting better than the best human,” Scott told Inverse in an interview.
  • Soon enough, every industry will have an AI calling the shots, but to us, the real problem would come into play if humans create an artificial intelligence with every imaginable information baked into its brain.
  • From what many industry pundits have to say, and what we have seen of modern artificial intelligence, its’s clear the singularity is coming.

Artificial intelligence is on the rise and getting smarter with every passing year. It’s almost safe to say human level artificial intelligence will happen in the years
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