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Category: business – Page 294

I agree; still a lot of work to be done in order for AI to have a huge impact around taking most of the jobs away. Besides, with new technology comes new careers.

India’s finance minister isn’t worried about jobs being lost in the country’s manufacturing sector despite warnings that industrial robots will dramatically reduce the need for factory workers in coming decades.

“I still have faith in human ingenuity, that even when jobs are lost in certain sectors … more jobs will be created because of that increased economic activity in other sectors,” Arun Jaitley told CNN’s Fareed Zakaria on Sunday at the CNN Asia Business Forum in Mumbai.

Economists are increasingly concerned that developments in artificial intelligence and robotics will disrupt the business world in a similar way to previous industrial revolutions, leading to job losses.

Continue reading “India’s finance minister isn’t afraid of robots” | >

More Intel Concerns

James Clapper tells senators the vulnerabilities in connected devices that hackers exploit can also be used for surveillance by foreign countries.

As the Internet of things has grown, so has the debate about security around it.

Much of the focus has been around the fact that with billions of new systems, devices and sensors connecting each year, the attack surface for hackers continues to widen. Add in a lack of security in many of these connected devices and their growing popularity in homes and businesses, and the issue becomes even more concerning.

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I cannot wait to see the results.

Palo Alto-based Diffbot has proclaimed itself the “leading arms dealer in coming AI wars” after raising $10 million in Series A funding.

Diffbot has developed a robot that is working to organize information from all over the Web into the world’s largest database of knowledge. The robot, which works without human oversight, recognizes, reads, understands and monitors product pages, news articles, discussion forums, videos, pictures and more, according to the company. Businesses can gain access to this data when they sign up for Diffbot plans, ranging from $299 to $3,999 per month.

“We’ve developed a business model for AI that works and I’m excited with this new investment to accelerate our mission even further,” founder and CEO Mike Tung wrote in a company news release Thursday. “Structuring the world’s knowledge is within sight.”

Continue reading “Artificial intelligence startup Diffbot raises million for ambitious project” | >

Again, I see too many gaps that will need to be address before AI can eliminate 70% of today’s jobs. Below, are the top 5 gaps that I have seen so far with AI in taking over many government, business, and corporate positions.

1) Emotion/ Empathy Gap — AI has not been designed with the sophistication to provide personable care such as you see with caregivers, medical specialists, etc.
2) Demographic Gap — until we have a more broader mix of the population engaged in AI’s design & development; AI will not meet the needs for critical mass adoption; only a subset of the population will find will connection in serving most of their needs.
3) Ehtics & Morale Code Gap — AI still cannot understand at a full cognitive level ethics & empathy to a degree that is required.
4) Trust and Compliance Gap — companies need to feel that their IP & privacy is protected; until this is corrected, AI will not be able to replace an entire back office and front office set of operations.
5) Security & Safety Gap — More safeguards are needed around AI to deal with hackers to ensure that information managed by AI is safe as well as ensure public saftey from any AI that becomes disruptive or hijacked to cause injury or worse to the public

Until these gaps are addressed; it will be very hard to eliminate many of today’s government, office/ business positions. The greater job loss will be in the lower skill areas like standard landscaping, some housekeeping, some less personable store clerk, some help desk/ call center operations, and some lite admin admin roles.

The U.S. economy added 2.7 million jobs in 2015, capping the best two-year stretch of employment growth since the late ‘90’s, pushing the unemployment rate down to five percent.

Continue reading “Yes, robots will steal our jobs — but don’t worry, we’ll get new ones” | >

When governments value people they find creative ways of making people even more valuable in their local economies and communities. In turn, people return the compliment by contributing to the building of stronger local economies.

When governments do not value people they inadvertently create systems that stifle inventiveness and trap people in cycles of state dependency and long-term unemployment.

The Servicemen’s Readjustment Act of 1944, known informally as the G.I. Bill, is widely (across all political spectrums; around the world) considered one of the most successful pieces of legislation ever passed. It made provisions that effectively created ‘bonds’ to enable low-cost mortgages, low-interest business start-up loans, cash payments for educational return at all entry points, as well as one year of unemployment benefit for returning servicemen. Canada saw similar results for its programs of support for Second World War veterans. Few would argue that this investment in the human capital of service men and women in turn contributed enormously to the overall wealth of both nations to this day.

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I have worked in both tech and in Wall Street firms. One thing about Wall Street (WS) is that WS knows legal & compliance, trading, and financials better than just about anyone. And, tech is an industry can do innovation better than just about anyone as well as build world class businesses from the ground up. So, it will be interesting to see how these 2 titan industries play out.

Banks race to beat the patent trolls—and Silicon Valley.

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Machine operating as machine yes; machine trying to operate like a human not even close.

Meanwhile, Ocado is continuing to carve out some cutting edge inventions that are set to transform the logistics and communications sectors. Ocado’s director of technology Paul Clarke gave us an inside look into the tech side of the business and hinted at what’s in store for the future.

Paul Clarke1
OcadoOcado’s director of technology, Paul Clarke.

Business Insider: Ocado recently launched the wireless technology that fits into the wider Ocado Smart Platform [OSP: Ocado’s e-commerce fulfillment and logistics cloud platform.] It seems like a rather simple and efficient idea but how long does it take to bring a concept like this into reality?

Continue reading “Ocado’s tech chief gave us an inside look into how it plans to revolutionise the world with automation and robots” | >

As much as the title states India isn’t ready for AI; much of the world isn’t fully ready either. Very few businesses are planning and prepping for an AI transformation or introduction into their businesses or companies; many schools still require newer methods (if not a program/ set of courses) to teach AI; many financial structures like insurance for business using AI capabilities such as robots that will interact regularly with the public are not widely available for businesses; etc. Lots of planning and work remains even across the US for AI adoption to truly be appreciated by the masses.

India still not ready for Artificial Intelligence (Tech Feature) — New Delhi, Feb 10 : At a time when the global technology giants are set to leverage the benefits of Artificial Intelligence (AI) for your daily lives — from taking care of businesses to fulfilling your personal needs — India seems to be reluctant to get on to this bus.

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RLOL — headline alone is priceless. However, who does get blame? And, on what grounds? Negligence in the design of the product or bad product quality? What about improper application of the product because it was designed for a particular set of the population & not for a broader public use. What about the businesses using AI? Wonder what type of insurance & the amount of insurance a business would be will be required to have in place to utilize a robot cook, or robotic nurse, etc. Lots & lots of things that still require planning, restructuring, & budgeting.

Andy Rubin is best known as the creator of Android. But in 2014, he left that all behind to create his own startup called Playground, a company focused on financially backing futuristic ideas that will shape our world—hopefully for the better.

Today, Wired published a deeper look into Andy Rubin’s day-to-day at Playground, and it very well be responsible for the destruction of the human race. Now that Rubin is no longer at Google, he spends most of his time pondering and financially backing the future of artificial intelligence. You know, that technology that keeps some of the world’s greatest minds awake at night?

Continue reading “If Artificial Intelligence Kills Us All, I’m Blaming Android Founder Andy Rubin” | >