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In an era of maturing artificial intelligence technology, what does the future of the corporation look like? Will the rise of robots help us do our jobs better, or harm them? This dynamic has become a mainstay of the dialogue around AI, with voices from technology visionaries such as Bill Gates and Stephen Hawking weighing in.

But at Fortune’s Most Powerful Women International Summit in Hong Kong on Tuesday, leaders at two of the world’s most powerful tech giants pushed back on those concerns. AI is intended to help—not hinder—the human workforce, they said.

“AI is actually not new for us,” said Vanitha Narayanan, chairman of IBM India, whose Watson supercomputer has risen to global acclaim. But “technology always comes way ahead of policy.”

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While there are different flavors of the UBI, the basic concept is that everyone just gets money for existing—this, in theory, would help keep the economy running smoothly even as people are working less.

“Sounds like a communist scheme” jokes Pethokoukis. But he explains how this is actually a very old idea that has its roots on the political right as a way to simplify the welfare state. It’s an idea that’s really taken off among the libertarian-leaning luminaries of the tech world in recent years.

“Silicon Valley has sort of latched on to this idea. They have the most aggressive timetable as far as when we will actually see all these jobs hemorrhage,” explains Pethokoukis.

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These dystopias may sound like science fiction, but they’re perfectly plausible given our current trajectory. The technology around robotics and artificial intelligence will continue to improve – but without substantive political change, the outcome will range from bad to apocalyptic for most people. That’s why the recent rumblings about a robot tax are worth taking seriously. They offer an opportunity to develop the political response to mass automation now, before it’s too late.

When I asked the prominent leftwing thinker Matt Bruenig for his thoughts, he explained that whatever we do, we shouldn’t try to discourage automation. “The problem with robots is not the manufacturing and application of them – that’s actually good for productivity,” he told me. “The problem is that they are owned by the wealthy, which means that the income that flows to the robots go out to a small slice of wealthy people.”

Job-killing robots are good, in other words, so long as the prosperity they produce is widely distributed. An Oxfam report released earlier this year revealed that the eight richest men in the world own as much wealth as half the human race. Imagine what those numbers will look like if automation accelerates. At some point, a handful of billionaires could control close to one hundred percent of society’s wealth. Then, perhaps, the idea that wealth should be owned by the many, rather than monopolized by the few, won’t seem so radical, and we can undertake a bit of sorely needed redistribution – before robot capitalism kills us all.

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By David Ewalt

REUTERS TOP 25

N” Silicon Valley’s hoodie-wearing tech entrepreneurs are the poster kids of innovation. But the innovators who are really changing the world are more likely to wear labcoats and hold government-related jobs in Grenoble, Munich or Tokyo. That’s the conclusion of Reuters’ Top 25 Global Innovators – Government, a list that identifies and ranks the publicly funded institutions doing the most to advance science and technology.

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An answer to concerns about rejuvenation-induced overpopulation from a logistical point of view.


Why do we worry about overpopulation? What’s so bad about it? Well, several things. We could have too many people with respect to the space available on Earth; too many people and not enough jobs for everyone; too many people and not sufficient resources; too many people polluting the environment beyond what it can take.

All these potential problems need to be discussed. Thus, in this article I’m going to play accountant a little bit. You can read the whole article, or jump to the section that concerns you the most.

“The automation of factories has already decimated jobs in traditional manufacturing, and the rise of artificial intelligence is likely to extend this job destruction deep into the middle classes, with only the most caring, creative or supervisory roles remaining.” — Stephen Hawking.

Automation is inevitable. But we still have time to take action and help displaced workers.

Automation is accelerating. The software powering these robots becomes more powerful every day. We can’t stop it. But we can adapt to it.

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The wave of automation that swept away tens of thousands of American manufacturing and office jobs during the past two decades is now washing over the armed forces, putting both rear-echelon and front-line positions in jeopardy.

“Just as in the civilian economy, automation will likely have a big impact on military organizations in logistics and manufacturing,” said Michael Horowitz, a University of Pennsylvania professor and one of the globe’s foremost experts on weaponized robots.

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Technology can be a catalyst for the creation or destruction of jobs, but historically, it has always ultimately created more opportunities for employment, not less. That’s not stopping many from speaking out against Amazon Go for its potential to increase unemployment, though.

According to Ford, however, the implementation of automation technology is inevitable because it has obvious advantages for both consumers and retailers. “I don’t think we can stop it,” he says. “It’s a part of capitalism, that there’s going to be this continuous drive for more efficiency.”

While many have been focusing on manufacturing and transportation as the industries that will be hardest hit by automation, Amazon Go is an example of how tech that exists right now could replace retail salespersons and cashiers, jobs that had the highest employment numbers in the U.S. in May 2015 according to the Bureau of Labor statistics.

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Taxation and redistribution.


Bill Gates, the co-founder of Microsoft and world’s richest man, said in an interview Friday that robots that steal human jobs should pay their fair share of taxes.

“Right now, the human worker who does, say, $50,000 worth of work in a factory, that income is taxed and you get income tax, Social Security tax, all those things,” he said. “If a robot comes in to do the same thing, you’d think that we’d tax the robot at a similar level.”

Gates made the remark during an interview with Quartz. He said robot taxes could help fund projects like caring for the elderly or working with children in school. Quartz reported that European Union lawmakers considered a proposal to tax robots in the past. The law was rejected.