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Steve Bosserman

Will AI replace Humans? - FutureSin - Medium - 0 views

  • According to the World Economic Forum’s Future of Jobs report, some jobs will be wiped out, others will be in high demand, but all in all, around 5 million jobs will be lost. The real question is then, how many jobs will be made redundant in the 2020s? Many futurists including Google’s Chief Futurist believe this will necessitate a universal human stipend that could become globally ubiquitous as early as the 2030s.
  • AI will optimize many of our systems, but also create new jobs. We don’t know the rate at which it will do this. Research firm Gartner further confirms the hypothesis of AI creating more jobs than it replaces, by predicting that in 2020, AI will create 2.3 million new jobs while eliminating 1.8 million traditional jobs.
  • In an era where it’s being shown we can’t even regulate algorithms, how will we be able to regulate AI and robots that will progressively have a better capacity to self-learn, self-engineer, self-code and self-replicate? This first wave of robots are simply robots capable of performing repetitive tasks, but as human beings become less intelligent trapped in digital immersion, the rate at which robots learn how to learn will exponentially increase.How do humans stay relevant when Big Data enables AI to comb through contextual data as would a supercomputer? Data will no longer be the purvey of human beings, neither medical diagnosis and many other things. To say that AI “augments” human in this respect, is extremely naive and hopelessly optimistic. In many respects, AI completely replaces the need for human beings. This is what I term the automation economy.
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  • If China, Russia and the U.S. are in a race for AI supremacy, the kind of manifestations of AI will be so significant, they could alter the entire future of human civilization.
  • THE EXPONENTIAL THREATFrom drones, to nanobots to 3D-printing, automation could lead to unparalleled changes to how we live and work. In spite of the increase in global GDP, most people’s quality of living is not likely to see the benefit as it will increasingly be funneled into the pockets of the 1%. Capitalism then, favors the development of an AI that’s fundamentally exploitative to the common global citizen.Just as we exchanged our personal data for convenience and the illusion of social connection online, we will barter convenience for a world a global police state where social credit systems and AI decide how much of a “human stipend” (basic income) we receive. Our poverty or the social privilege we are born into, may have a more obscure relationship to a global system where AI monitors every aspect of our lives.Eventually AI will itself be the CEOs, inventors, master engineers and creator of more efficient robots. That’s when we will know that AI has indeed replaced human beings. What will Google’s DeepMind be able to do with the full use of next-gen quantum computing and supercomputers?
  • Artificial Intelligence Will Replace HumansTo argue that AI and robots and 3D-printing and any other significant technology won’t impact and replace many human jobs, is incredibly irresponsible.That’s not to say humans won’t adapt, and even thrive in more creative, social and meaningful work!That AI replacing repetitive tasks is a good thing, can hardly be denied. But will it benefit all globally citizens equally? Will ethics, common sense and collective pragmatism and social inclusion prevail over profiteers?Will younger value systems such as decentralization and sustainable living thrive with the advances of artificial intelligence?Will human beings be able to find sufficient meaning in a life where many of them won’t have a designated occupation to fill their time?These are the question that futurists like me ponder, and you should too.
Steve Bosserman

Which Industries Are Investing in Artificial Intelligence? - 0 views

  • The term artificial intelligence typically refers to automation of tasks by software that previously required human levels of intelligence to perform. While machine learning is sometimes used interchangeably with AI, machine learning is just one sub-category of artificial intelligence whereby a device learns from its access to a stream of data.When we talk about AI spending, we’re typically talking about investment that companies are making in building AI capabilities. While this may change in the future, McKinsey estimates that the vast majority of spending is done internally or as an investment, and very little of it is done purchasing artificial intelligence applications from other businesses.
  • 62% of AI spending in 2016 was for machine learning, twice as much as the second largest category computer vision. It’s worth noting that these categories are all types of “narrow” (or “weak”) forms of AI that use data to learn about and accomplish a specific narrowly defined task. Excluded from this report is “general” (or “strong”) artificial intelligence which is more akin to trying to create a thinking human brain.
  • The McKinsey survey mostly fits well as evidence supporting Cross’s framework that large profitable industries are the most fertile grounds of AI adoption. Not surprisingly, Technology is the industry with highest AI adoption and financial services also makes the top three as Cross would predict.Notably, automotive and assembly is the industry with the second highest rate of AI adoption in the McKinsey survey. This may be somewhat surprising as automotive isn’t necessarily an industry with the reputation for high margins. However, the use cases of AI for developing self-driving cars and cost savings using machine learning to improve manufacturing and procurement efficiencies are two potential drivers of this industry’s adoption.
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  • AI jobs are much more likely to be unfilled after 60 days compared to the typical job on Indeed, which is only unfilled a quarter of the time. As the demand for AI talent continues to grow faster than the supply, there is no indication this hiring cycle will become quicker anytime soon.
  • One thing we know for certain is that it is very expensive to attract AI talent, given that starting salaries for entry-level talent exceed $300,000. A good bet is that the companies that invest in AI are the ones with healthy enough profit margins that they can afford it.
Bill Fulkerson

Why a 400-Year Program of Modernist Thinking is Exploding | naked capitalism - 0 views

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    " Fearless commentary on finance, economics, politics and power Follow yvessmith on Twitter Feedburner RSS Feed RSS Feed for Comments Subscribe via Email SUBSCRIBE Recent Items Links 3/11/17 - 03/11/2017 - Yves Smith Deutsche Bank Tries to Stay Alive - 03/11/2017 - Yves Smith John Helmer: Australian Government Trips Up Ukrainian Court Claim of MH17 as Terrorism - 03/11/2017 - Yves Smith 2:00PM Water Cooler 3/10/2017 - 03/10/2017 - Lambert Strether Why a 400-Year Program of Modernist Thinking is Exploding - 03/10/2017 - Yves Smith Links 3/10/17 - 03/10/2017 - Yves Smith Why It Will Take a Lot More Than a Smartphone to Get the Sharing Economy Started - 03/10/2017 - Yves Smith CalPERS' General Counsel Railroads Board on Fiduciary Counsel Selection - 03/10/2017 - Yves Smith Another Somalian Famine - 03/10/2017 - Yves Smith Trade now with TradeStation - Highest rated for frequent traders Why a 400-Year Program of Modernist Thinking is Exploding Posted on March 10, 2017 by Yves Smith By Lynn Parramore, Senior Research Analyst at the Institute for New Economic Thinking. Originally published at the Institute for New Economic Thinking website Across the globe, a collective freak-out spanning the whole political system is picking up steam with every new "surprise" election, rush of tormented souls across borders, and tweet from the star of America's great unreality show, Donald Trump. But what exactly is the force that seems to be pushing us towards Armageddon? Is it capitalism gone wild? Globalization? Political corruption? Techno-nightmares? Rajani Kanth, a political economist, social thinker, and poet, goes beyond any of these explanations for the answer. In his view, what's throwing most of us off kilter - whether we think of ourselves as on the left or right, capitalist or socialist -was birthed 400 years ago during the period of the Enlightenment. It's a set of assumptions, a particular way of looking at the world that pushed out previous modes o
Steve Bosserman

The Digital Gap Between Rich and Poor Kids Is Not What We Expected - The New York Times - 0 views

  • It wasn’t long ago that the worry was that rich students would have access to the internet earlier, gaining tech skills and creating a digital divide. Schools ask students to do homework online, while only about two-thirds of people in the U.S. have broadband internet service. But now, as Silicon Valley’s parents increasingly panic over the impact screens have on their children and move toward screen-free lifestyles, worries over a new digital divide are rising. It could happen that the children of poorer and middle-class parents will be raised by screens, while the children of Silicon Valley’s elite will be going back to wooden toys and the luxury of human interaction.
Steve Bosserman

The Boundary Between Our Bodies and Our Tech - Pacific Standard - 0 views

  • At the beginning of his recent book, The Internet of Us, Lynch uses a thought experiment to illustrate how thin this boundary is. Imagine a device that could implant the functions of a smartphone directly into your brain so that your thoughts could control these functions. It would be a remarkable extension of the brain's abilities, but also, in a sense, it wouldn't be all that different from our current lives, in which the varied and almost limitless connective powers of the smartphone are with us nearly 100 percent of the time, even if they aren't—yet—a physiological part of us.
  • The debate over what it means for us to be so connected all the time is still in its infancy, and there are wildly differing perspectives on what it could mean for us as a species. One result of these collapsing borders, however, is less ambiguous, and it's becoming a common subject of activism and advocacy among the technologically minded. While many of us think of the smartphone as a portal for accessing the outside world, the reciprocity of the device, as well as the larger pattern of our behavior online, means the portal goes the other way as well: It's a means for others to access us.
  • "This is where the fundamental democracy deficit comes from: You have this incredibly concentrated private power with zero transparency or democratic oversight or accountability, and then they have this unprecedented wealth of data about their users to work with," Weigel says. "We've allowed these private companies to take over a lot of functions that we have historically thought of as public functions or social goods, like letting Google be the world's library. Democracy and the very concept of social goods—that tradition is so eroded in the United States that people were ready to let these private companies assume control."
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  • Lynch, the University of Connecticut philosophy professor, also believes that one of our best hopes comes from the bottom up, in the form of actually educating people about the products that they spend so much time using. We should know and be aware of how these companies work, how they track our behavior, and how they make recommendations to us based on our behavior and that of others. Essentially, we need to understand the fundamental difference between our behavior IRL and in the digital sphere—a difference that, despite the erosion of boundaries, still stands."Whether we know it or not, the connections that we make on the Internet are being used to cultivate an identity for us—an identity that is then sold to us afterward," Lynch says. "Google tells you what questions to ask, and then it gives you the answers to those questions."
Bill Fulkerson

2:00PM Water Cooler 8/28/2017 | naked capitalism - 0 views

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    "Class Warfare "Towards a History of the Professional: On the Class Composition of the Research University" [Viewpoint Magazine]. From 2013, but it still looks interesting. By arrogating more power to the top layers of academic administrative elite, some in the academic profession saw the possibility of imbricating themselves into the same social class as capitalists, rather than simply serving them. Federal, state, and local laws changed to make students into consumers; courts ruled that public, non-profit universities could patent and own intellectual property; a new type of capital, venture capital, was developed to accelerate the transmission of research into products; and a sub-class of faculty, the adjunct, was formulated to teach the dregs of the expanding university system - those composing the massive undergraduate base, forced into higher education as a college degree became a de facto requirement for admission into any of the professions, and many other occupations. Graduate students and adjuncts took on the bulk of the teaching, freeing star faculty from the responsibility of lecturing to dullards for whom their words would be proverbial pearls before swine."
Steve Bosserman

Chatting robots and music: Fun gadgets on display - The Columbus Dispatch, 2017-02-28 - 0 views

  • JUST ADD WATERGrowing your own veggies may become possible even for urbanites with tiny studio apartments.Israeli startup Living Box offers a modular, unfoldable, solar-powered little greenhouse that you can use to harvest anything from tomatoes to tea and herbs.“We have a slow release water system for irrigation, with a novel liquid nutrient solution and bacteria to avoid the use of pesticides, as well as an app prototype updating weather conditions and other relevant data right to your smartphone, so you don’t have to monitor it,” explained Nitzan Solan, CEO of the company.The idea was to create a sustainable, affordable and simple mobile farming system that could be operated by anyone around the globe.As of now, Living Box is testing in 50 sites around Israel, the U.S. and Nigeria, and aims to try locations in Spain and Fiji. It is expected to carry a market price of $300.
Steve Bosserman

What if the Government Gave Everyone a Paycheck? - The New York Times - 0 views

  • A world inhabited only by robots, their billionaire owners and a large and increasingly restive population is the plotline for countless dystopian fantasies, but it’s a reality that appears to be drawing closer. If we continue on the path we’re on, we will need to make fundamental choices about how to support human livelihoods and ensure equal participation in our economy and society. Most basically, we will have to confront the realities of vastly unequal economic and political power. Even if we manage to enact a U.B.I., it will not be nearly enough.
Steve Bosserman

Why America is the World's Most Uniquely Cruel Society - 0 views

  • Any theory of being American must explain one salient and striking fact: cruelty. America is the most cruel nation among its peers — even among most poor countries today. It is something like a new Rome. It has little, if any, functioning healthcare, education, transport, media, no safety nets, no stability, security. The middle class is collapsing, and life expectancy is falling. Young people die for a lack of insulin they cannot crowdfund. Elderly middle-class people live and die in their cars. Kids massacre each other in schools — when they’re not self-medicating the pain of it all away. The combination of these pathologies happens nowhere else — not a single place — in the world. Not even Pakistan, Costa Rica, or Rwanda. Hence, the world is aghast daily at the depths of American cruelty — yet somehow, they seem bottomless.(Of course I don’t mean that all Americans are cruel. I just mean that in the same way we say countries have attitude, dispositions, that there’s such a thing as a French or German national attitude or disposition, so, too there is an American one. Nor do I mean America is “the most cruel society in the world”. Can we really ever judge that? But it is uniquely cruel — a kind of special example — in weird, needless, and singular ways.)Let me throw that into relief. Scandinavians are the happiest, longest-lived, and most prosperous people in the world because they do not punish one another constantly — but lift one another up. But Americans do not believe this reality. The underlying sentiment that unites America’s manifold problems is a myth of cruelty.
Steve Bosserman

Batteries That Make Use of Solar Power, Even in the Dark - The New York Times - 0 views

  • Amid all this disruption, Britain and other countries have created a smorgasbord of incentives to power providers to keep the lights from going off. Neil Hutchings, director of power systems and storage at Anesco, the small British company that supplied Mr. Beatty’s battery, said there were no fewer than 14 ways that it could make money. “The real secret is how to pick out the best combination,” he said. Independent journalism.More essential than ever. Subscribe to the Times While he said the batteries, which are imported from China, were improving, the real key was in the electronic controls that allowed them to react almost instantaneously to the needs of the grid.
Steve Bosserman

Is acting busy the new Rolex? Science explains why everyone won't shut up about work - 0 views

  • Take Thorstein Veblen's 1899 text The Theory of the Leisure Class, where Veblen wrote that "conspicuous abstention" from work was the surest sign you had actually made it.
  • Today, the researchers found, the opposite seems true.
Steve Bosserman

How the Pittsburgh Massacre Fits Into America's Long History of Anti-Semitism - Pacific... - 0 views

  • The thing that connects people like David Duke, Richard Spencer, and anyone else we put under the white-power umbrella is a sense of imperiled whiteness. That has emerged as a very visceral, palpable thing over the past 10 or 15 years. Some segment of white Americans feel their world is under siege, and something needs to be done. That's the connection between efforts to restrict voting and the use of violence to intimidate certain groups of people.This notion of imperiled whiteness is as American as apple pie. It's more visible at some points in history than others. There was the rise of the Ku Klux Klan during Reconstruction, the anti-immigrant movement of the 1920s, the return of the Klan in the 1950s and '60s. The notion of whiteness, and white power, being at risk prompts people to do some really ugly, dehumanizing things.
  • What, if anything, can we do as a society to get a better handle on this?One solution would be teaching kids about race, history, and power in every grade, from elementary school to college. That way they could think critically about the subject, and when confronted with a particular theory about, say, what's driving immigration, they'd have tools to engage it, rather than accepting easier, more problematic explanations.
Steve Bosserman

REAL-ESTATE REPORT - The Columbus Dispatch, 2017-03-12 - 0 views

  • Smaller share of US residents movingAmericans are moving at the lowest rate on record, according to Census Bureau figures.Last year, 11 percent of Americans moved, the lowest annual rate recorded since the government started keeping track in 1948. The highest moving rates were in the late 1940s and 1950s, when about 20 percent of Americans moved each year.Among those who moved, 42 percent cited a housing-related reason, such as the desire for a better home. About 27 percent cited a family reason, and 20 percent said they moved because of a job.“People in the United States are still moving, just not to the same extent as they did in the past,” said David Ihrke, a Census Bureau statistician.
Steve Bosserman

Here's why robots are making income inequality even worse - 0 views

  • Automation has not triggered mass unemployment, despite concerns about increasingly-realistic innovations like driverless trucks and ATMs that can handle mortgages. But already, around the edges, robots are on the rise — creating cost savings that benefit corporations and Americans who run businesses. These benefits are increasingly going to a small group at the top.In fact, the income gap between the super rich and middle class has also increased at a rapid clip — by $58,800 between 2010 and 2015, as Bloomberg reported. And within the middle class itself, the gap between upper and lower middle class grew by $9,000.
Steve Bosserman

The meaning of life in a world without work | Technology | The Guardian - 0 views

  • The crucial problem isn’t creating new jobs. The crucial problem is creating new jobs that humans perform better than algorithms. Consequently, by 2050 a new class of people might emerge – the useless class. People who are not just unemployed, but unemployable.
  • The same technology that renders humans useless might also make it feasible to feed and support the unemployable masses through some scheme of universal basic income. The real problem will then be to keep the masses occupied and content. People must engage in purposeful activities, or they go crazy. So what will the useless class do all day?
  • In any case, the end of work will not necessarily mean the end of meaning, because meaning is generated by imagining rather than by working. Work is essential for meaning only according to some ideologies and lifestyles. Eighteenth-century English country squires, present-day ultra-orthodox Jews, and children in all cultures and eras have found a lot of interest and meaning in life even without working. People in 2050 will probably be able to play deeper games and to construct more complex virtual worlds than in any previous time in history.
Bill Fulkerson

How To Think About Corporate Bailouts Correctly - People's Policy Project - 0 views

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    Due to an aversion to socialist rhetoric about "capitalists" or even "the wealthy," American populist lingo tends to focus on "corporations" as the great evil. We talk about "corporate power" and "corporate concentration" and "corporate influence" and "corporate money" and "big corporations" instead of talking about "the capitalist class" or "the ownership class." This kind of metonymy is, I suppose, fine in most cases. But sometimes taking it too literally can lead people astray when thinking about appropriate policy measures.
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