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Somehow, some way, someone paid $450 million, after buyer’s fees, for Leonardo da Vinci’s Salvator Mundi at Christie’s last Wednesday. Believed to be the last work by the artist in private hands, the painting’s price smashed all previous records.

Since the price also seemed more on par with the education budget of a medium-sized country, Artsy asked a range of leaders from the arts, economics, bioethics, and development to tell us how they’d spend $450 million.


After last week’s recording-breaking sale of a Leonardo da Vinci painting, Artsy asked a range of leadersdevelopment how they’d spend $450 million.

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“Former Vice President and Chairman of Generation Investment Management, Al Gore, introduces PRI, UNEP FI and The Generation Foundation’s Fiduciary duty in the 21st century programme. The project finds that, far from being a barrier, there are positive duties to integrate environmental, social and governance factors in investment processes.”

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Furthermore, with advancements in quantum computing and machine learning, many notable public figures, including Stephen Hawking and Elon Musk, have indicated a growing concern with the imminent threat of AI surpassing human intelligence (Gosset, 2017). For instance, Darrell M. West, a political scientist, has proposed a protectionist framework that appeals to transhumanism, in which he restructures socioeconomic policy to account for changes in technology-induced unemployment. In particular, he posits that “Separating the dispersion of health care, disability, and pension benefits outside of employment offers workers with limited skills social benefits on a universal basis” (West, 2015). Expounding upon this equivocation, a more viable solution to potential unemployment is the realization of a multi-faceted policy which advocates the improvement of STEM-related education on a broad economic base, with habituation programs for the unskilled workforce. That is, with the implementation of appropriate and reformatory policies concerning the future development of AI technologies, this sector provides an economic incentive for new job creation, compatible with industrial development.


Prompt: What are the political implications of artificial intelligence technology and how should policy makers ensure this technology will benefit diverse sectors of society?

In recent years, the rapid development and mass proliferation of artificial intelligence have had various sociopolitical implications. It is a commonly held belief that the emergence of this technology will have an unprecedented impact on policies and political agendas. However, such discourse often lacks a geopolitical and social dimension, which limits the breadth of analysis. Further, little consideration has been given to potential employment and public policy reform. Growing concerns have been raised regarding the potential risk inherent in the evolution of strong AI, which provides the basis for transhumanism, whereby it is conjectured that AI will eventually be able to surpass human intelligence. As such, it is incumbent upon the upcoming generation of policymakers to implement and adopt necessary measures, which will provide a careful, multilateral framework, ultimately achieving market-oriented technological advancement with respect to employment and public policy.

Machine learning, the interplay of computer science and neuroscience, is a rapidly developing field that has been a source of much political controversy in recent years. While emerging technologies have significantly improved production quality and efficiency across industries, they have also raised concerns such as job displacement and other unfavourable socioeconomic implications (Karsten & West, 2015). In particular, the growing shortage of job opportunities has furnished increasing levels of unemployment and has, in various instances, lead to unwanted economic stagnation. On the subject of potential future unemployment, many policymakers have proposed an increase in Earned Income Tax Credit, which provides a collateral basic income and encourages profit-sharing (West, 2015).

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Globally, antimicrobial resistance or AMR is becoming a core political, social and economic problem. The implications could never be more real than in Asia where, if no immediate action is taken, by 2050 about five million people are projected to die every year of conditions linked to bacterial infections resistant to antibiotics. This figure will be more than estimated cancer fatalities.


Katinka De Balogh says governments, individuals and health care professionals must all act to curb misuse before antibiotic-resistant bacteria creates a public health calamity.

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For now, at least, we have better things to worry about.

Sources:
https://economics.mit.edu/files/11563
https://www.aeaweb.org/full_issue.php?doi=10.1257/jep.29.3#page=33
http://voxeu.org/article/how-computer-automation-affects-occupations
https://www.opensocietyfoundations.org/sites/default/files/f…150428.pdf
https://obamawhitehouse.archives.gov/sites/whitehouse.gov/fi…conomy.PDF
https://www.vox.com/2015/7/27/9038829/automation-myth




https://www.oxfordmartin.ox.ac.uk/downloads/academic/The_Fut…oyment.pdf

Clips:







Recent advancements in artificial intelligence and robotics have commentators worrying about the coming obsolescence of the human worker. Some in Silicon Valley are even calling for a basic minimum income provided by the government for everyone, under the assumption that work will become scarce. But many economists are skeptical of these claims, because the notion that the economy offers a fixed amount of work has been debunked time and time again over the centuries and current economic data show no signs of a productivity boom. Fortunately, we don’t need to divine the future of the labor market in order to prepare for it.

Vox.com is a news website that helps you cut through the noise and understand what’s really driving the events in the headlines. Check out http://www.vox.com to get up to speed on everything from Kurdistan to the Kim Kardashian app.

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He looked at the science and economics of a lunar colony.

Eighty-five percent of the rocks on the surface of the lunar highlands are anorthite, which contains aluminum as well as a massive supply of oxygen. Smelting aluminum in the quantities necessary to construct and maintain Artemis would produce so much excess oxygen—eight atoms for every two of aluminum—that they would be constantly venting it.

For every kilogram of payload, you need an additional 3.73 kilos of fuel. So a one-way ticket to the moon is calculated to eventually cost about $33,000.

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Today’s Sputnik moment is China’s rapid growth as an economic and technological superpower. In 2017 alone, China has outpaced the United States in renewable energy efforts and has become the standard-bearer in combating climate change and advocacy for globalization. Similarly, China is rapidly moving towards taking the lead in technology from the United States and is looking at quantum computing and artificial intelligence as areas for growth to do so.

The Verge recently published an article citing Alphabet chief executive officer Eric Schmidt’s perspective that the United States is falling behind when it comes to research and development in artificial intelligence, particularly compared to the rapid pace of innovation that China has set in the field. Schmidt, who is also the chair of the Defense Innovation Advisory Board, gave those remarks as part of a discussion at The Artificial Intelligence and Global Security Summit held by The Center for a New American Security (CNAS), a nonprofit think tank dedicated to research and analysis on how the United States can make informed policy-making decisions on national security and defense.

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Flying Ubers are coming to LA: Ride-sharing company links with NASA to bring 200mph electric aircraft to the city in 2020 and a flight will cost you the same as a car journey…


Uber’s Chief Product Officer, Jeff Holden, announced the plans at the global Web Summit in Lisbon today.

Mr Holden said: ‘Technology will allow LA residents to literally fly over the city’s historically bad traffic, giving them time back to use in far more productive ways.

‘At scale, we expect UberAIR will perform tens of thousands of flights each day across the city — at those levels, all the time savings will have a noticeable positive impact on the region’s economy.’

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Struggling to steer its economy away from oil dependence, Saudi Arabia announced an audacious plan to build a $500 billion super-city that is intended to become a world-class business hub.

Saudi Arabia is moving toward a “new generation of cities,” said Mohammed bin Salman, crown prince of the Middle Eastern kingdom, during one of his rare appearances before the press on October 24. The first of its kind, the city, to be named Neom, would be powered by green energy and have no room for “anything traditional,” he said.

Neom, an ambitious business hub, was promoted with a video clip showing happy people engaging in business, science, art, leisure, and showed men and women freely mixing in modern European clothes — something that is impossible in most of Saudi Arabia.

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