Menu

Blog

Archive for the ‘economics’ category: Page 199

Mar 18, 2016

Who’s Afraid of Existential Risk? Or, Why It’s Time to Bring the Cold War out of the Cold

Posted by in categories: defense, disruptive technology, economics, existential risks, governance, innovation, military, philosophy, policy, robotics/AI, strategy, theory, transhumanism

At least in public relations terms, transhumanism is a house divided against itself. On the one hand, there are the ingenious efforts of Zoltan Istvan – in the guise of an ongoing US presidential bid — to promote an upbeat image of the movement by focusing on human life extension and other tech-based forms of empowerment that might appeal to ordinary voters. On the other hand, there is transhumanism’s image in the ‘serious’ mainstream media, which is currently dominated by Nick Bostrom’s warnings of a superintelligence-based apocalypse. The smart machines will eat not only our jobs but eat us as well, if we don’t introduce enough security measures.

Of course, as a founder of contemporary transhumanism, Bostrom does not wish to stop artificial intelligence research, and he ultimately believes that we can prevent worst case scenarios if we act now. Thus, we see a growing trade in the management of ‘existential risks’, which focusses on how we might prevent if not predict any such tech-based species-annihilating prospects. Nevertheless, this turn of events has made some observers reasonably wonder whether indeed it might not be better simply to put a halt to artificial intelligence research altogether. As a result, the precautionary principle, previously invoked in the context of environmental and health policy, has been given a new lease on life as generalized world-view.

The idea of ‘existential risk’ capitalizes on the prospect of a very unlikely event that, were it to pass, would be extremely catastrophic for the human condition. Thus, the high value of the outcome psychologically counterbalances its low probability. It’s a bit like Pascal’s wager, whereby the potentially negative consequences of you not believing in God – to wit, eternal damnation — rationally compels you to believe in God, despite your instinctive doubts about the deity’s existence.

However, this line of reasoning underestimates both the weakness and the strength of human intelligence. On the one hand, we’re not so powerful as to create a ‘weapon of mass destruction’, however defined, that could annihilate all of humanity; on the other, we’re not so weak as to be unable to recover from whatever errors of design or judgement that might be committed in the normal advance of science and technology in the human life-world. I make this point not to counsel complacency but to question whether ‘existential risk’ is really the high concept that it is cracked up to be. I don’t believe it is.

Continue reading “Who's Afraid of Existential Risk? Or, Why It's Time to Bring the Cold War out of the Cold” »

Mar 18, 2016

Canada to give people free money

Posted by in category: economics

Click on photo to start video.

Canada plans to give people unconditional free money.

Continue reading “Canada to give people free money” »

Mar 17, 2016

Deep Learning Is Going to Teach Us All the Lesson of Our Lives: Jobs Are for Machines

Posted by in categories: economics, employment, robotics/AI

(An alternate version of this article was originally published in the Boston Globe)

On December 2nd, 1942, a team of scientists led by Enrico Fermi came back from lunch and watched as humanity created the first self-sustaining nuclear reaction inside a pile of bricks and wood underneath a football field at the University of Chicago. Known to history as Chicago Pile-1, it was celebrated in silence with a single bottle of Chianti, for those who were there understood exactly what it meant for humankind, without any need for words.

Now, something new has occurred that, again, quietly changed the world forever. Like a whispered word in a foreign language, it was quiet in that you may have heard it, but its full meaning may not have been comprehended. However, it’s vital we understand this new language, and what it’s increasingly telling us, for the ramifications are set to alter everything we take for granted about the way our globalized economy functions, and the ways in which we as humans exist within it.

Continue reading “Deep Learning Is Going to Teach Us All the Lesson of Our Lives: Jobs Are for Machines” »

Mar 12, 2016

White House Pushes Plan to Bring Broadband to 20M More Americans

Posted by in categories: economics, employment, internet

President Obama announced a new initiative this week to connect 20 million more Americans to broadband by 2020, further promoting the White House’s agenda to reclassify high speed Internet as a public utility, like water or electricity.

The digital initiative, named ConnectALL, is intended “for folks looking for jobs or workers hoping to learn new skills,” wrote Obama in a Facebook post, acknowledging that in today’s economy, “the Internet isn’t a luxury — it’s a necessity.”

Read more

Mar 11, 2016

The Danger of the Universal Basic Income

Posted by in category: economics

Interesting.


Giving everyone a “basic income” is the latest trendy idea sweeping Silicon Valley. It’s a terrible solution to a real problem.

Read more

Mar 11, 2016

Why sensible criminals choose cybercrime

Posted by in categories: cybercrime/malcode, economics

UK’s biggest threat to their own economy is cybercrimes.

Read more

Mar 9, 2016

Canada To Test Universal Basic Income For Citizens

Posted by in categories: economics, government

By Jacob Bojesson

The Canadian province of Ontario will join several European countries in testing Unconditional Basic Income (UBI) in the near future.

UBI is a a monthly allowance given to all citizens regardless of their socioeconomic status. Ontario’s regional government will release its designs for a pilot program in 2016.

Continue reading “Canada To Test Universal Basic Income For Citizens” »

Mar 8, 2016

Terra Bella

Posted by in categories: economics, finance, transportation

High-resolution satellite imagery can be used to monitor the flow of goods and commodities to measure global economic indicators. Our imagery can help economists, supply chain managers, hedge fund traders, and logistics operators identify operational inefficiencies and anticipate supply chain bottlenecks from above.

Here’s an example of our imagery in action, depicting supply chain changes in the Port of Long Beach, the second-busiest container port in the United States. The time lapse imagery shows dynamic fluctuations in features including shipping containers, cars and ships.

Read more

Mar 8, 2016

Silicon Valley is broken and heading for social unrest, argues media theorist

Posted by in category: economics

Not good. Could this be one of the many reasons why so many are leaving SV and going to places like NY, Austin, Boston, etc.?


People are angry at Silicon Valley. In recent years, protestors have slashed the tires of buses hired to transport Google employees. They’ve occupied Airbnb’s headquarters and participated in worldwide demonstrations against Uber.

These tech titans stand accused of destroying industries and livelihoods, sucking up wealth for themselves while failing to distribute any wider benefits to the rest of us. And they’re guilty, according to media theorist Douglas Rushkoff, author of the forthcoming book Throwing Rocks at the Google Bus: How Growth became the Enemy of Prosperity. He argues that unless Silicon Valley’s fundamental model changes, we’re heading for mass social unrest.

Continue reading “Silicon Valley is broken and heading for social unrest, argues media theorist” »

Mar 6, 2016

Artificial intelligence brings its brains and money to London

Posted by in categories: economics, robotics/AI

Following two big acquisitions by US tech companies of AI startups based in academia, the capital is emerging as a hub for young scientist-entrepreneurs.

Read more