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AI will ‘exacerbate’ wealth inequality and help ultra-rich: Ex-Google exec

A dress worn this week by Democratic Congresswoman Alexandria Ocasio-Cortez (D-NY), which bore the message “tax the rich,” set off a wave of debate over how best to address wealth inequality, as Congress weighs a $3.5 trillion spending bill that includes tax hikes on corporations and high-earning individuals.

The debate coincides with the ongoing pandemic in which billionaires, many of whom are tech company founders, have added $1.8 trillion in wealth while consumers have come to depend increasingly on services like e-commerce and teleconference, according to a report released last month by the Institute for Policy Studies.

In a new interview, artificial intelligence expert Kai Fu-Lee — who worked as an executive at Google (GOOG, GOOGL), Apple (AAPL), and Microsoft (MSFT) — attributed the rise of wealth inequality in part to the tech boom in recent decades, predicting that the trend will worsen in coming years with the continued emergence of AI.

UK Ministry of Defence Employed Rafael’s Drone Dome to Defend G7 Summit from Drone Threats

Earlier this year, in June 2,021 the British Ministry of Defence employed Rafael’s DRONE DOME counter-UAV system to protect world leaders during the G7 Summit in Cornwall, England from unmanned aerial threats. Three years ago, Britain’s Defence Ministry purchased several DRONE DOME systems which it has successfully employed in a multitude of operational scenarios, including for protecting both the physical site and participants of this year’s G7 summit. Rafael’s DRONE DOME is an innovative end-to-end, combat-proven counter-Unmanned Aerial System (C-UAS), providing all-weather, 360-degree rapid defence against hostile drones. Fully operational and globally deployed, DRONE DOME offers a modular, robust infrastructure comprised of electronic jammers and sensors and unique artificial intelligence algorithms to effectively secure threatened air space.

Meir Ben Shaya, Rafael EVP for Marketing and Business Development of Air Defence Systems: Rafael today recognizes two new and key trends in the field of counter-UAVs, both of which DRONE DOME can successfully defend against. The first trend is the number of drones employed during an attack, and the operational need to have the ability counter multiple, simultaneous attacks; this is a significant, practical challenge that any successful system must be able to overcome. The second trend is the type of tool being employed. Previously, air defense systems were developed to seek out conventional aircraft, large unmanned aerial vehicles, and missile, but today these defense systems must also tackle smaller, slower, low-flying threats which are becoming more and more autonomous.

Google AI Introduces Two New Families of Neural Networks Called ‘EfficientNetV2’ and ‘CoAtNet’ For Image Recognition

Training efficiency has become a significant factor for deep learning as the neural network models, and training data size grows. GPT-3 is an excellent example to show how critical training efficiency factor could be as it takes weeks of training with thousands of GPUs to demonstrate remarkable capabilities in few-shot learning.

To address this problem, the Google AI team introduce two families of neural networks for image recognition. First is EfficientNetV2, consisting of CNN (Convolutional neural networks) with a small-scale dataset for faster training efficiency such as ImageNet1k (with 1.28 million images). Second is a hybrid model called CoAtNet, which combines convolution and self-attention to achieve higher accuracy on large-scale datasets such as ImageNet21 (with 13 million images) and JFT (with billions of images). As per the research report by Google, EfficientNetV2 and CoAtNet both are 4 to 10 times faster while achieving state-of-the-art and 90.88% top-1 accuracy on the well-established ImageNet dataset.

This AI Makes Digital Copies of Humans! 👤

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Are you being automated out of work?

Aggregate of labor displacement from AI-spoiler-literally EVERYTHING.


OECD experts have calculated the probability a job will be automated, on the basis of how feasible it is for technology to perform the tasks that comprise that job.

Jobs are grouped into occupation categories according to the ISCO-08 standard. The mean probability of automation of each occupational category is displayed, along with an example of a typical job in that category.

This is very broad: the automatability of jobs within each occupation category can vary widely. Also, the tasks that make up each job can vary from country to country, but the mean probabilities displayed are from across OECD countries.

Nedelkoska, L. and G. Quintini (2018), “Automation, skills use and training”, OECD Social, Employment and Migration Working Papers, No. 202 OECD Publishing, Paris.

Tesla will open controversial FSD beta software to owners with a good driving record

Get ready.


Tesla CEO Elon Musk said the company will use personal driving data to determine whether owners who have paid for its controversial “Full Self-Driving” software can access the latest beta version that promises more automated driving functions.

Musk tweeted late Thursday night that the FSD Beta v10.0.1 software update, which has already been pushed out to a group of select owners, will become more widely available starting September 24.

Owners who have paid for FSD, which currently costs $10,000, will be offered access to the beta software through a “beta request button.” Drivers who select the beta software will be asked for permission to access their driving behavior using Tesla’s insurance calculator, Musk wrote in a tweet.