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"Their findings show that currently, only about 23 percent of wages paid for tasks involving vision are economically viable for AI automation. In other words, it's only economically sensible to replace human labor with AI in about one-fourth of the jobs where vision is a key component of the work. "

"Copyright and Creation, a policy brief from a collection of respected scholars at the rock-ribbed London School of Economics, argues that the evidence shows that piracy isn't causing any grave harm to the entertainment industry, and that anti-piracy measures like the three-strikes provision in Britain's Digital Economy Act don't work. They call on lawmakers to take an evidence-led approach to Internet and copyright law, and to consider the interests of the public and not just big entertainment companies looking for legal backstops to their profit-maximisation strategies. "

"Why has Bitcoin become so popular? One possible explanation is that exploding interest in Bitcoin over the past several days is being driven by economic uncertainty in Europe. Fearful of an earlier proposed European Union plan to partially fund a Cypriot bailout by imposing new taxes on Cypriots' bank deposits, goes the theory, some Cypriots (and Spaniards, for similar reasons) flocked to Bitcoin to attempt an escape from the clutches of potential taxes."

"Many hope to reach the economically stable countries in northern Europe, and use WhatsApp's messaging system as a virtual road map to help them navigate their journey. They stick to groups of their countrymen, connecting through friends of friends. Unlike some other ways of communicating, WhatsApp is free, and only requires that the user have access to the internet."

Woweee - look at these and you realise the economics and problems with security of data...

This is the problem with a database with such economic value!

"Apple has warned the UK government that proposals in the draft Investigatory Powers Bill to demand technology firms weaken encryption would make the data of millions of law-abiding citizens less secure and make it easier for hackers to "cause chaos"."

"Is AI going to take all of our jobs? The economy is always in a state of flux. In the 1800s, 80% of the labor force worked on farms; today it's 2%, but we don't have 78% unemployment. Entirely new industries may continue to spring up and offer new employment opportunities. Ironically, "smart manufacturing," which is partly AI, is touted by politicians on the right and on the left as critical to saving American manufacturing jobs. If AI makes businesses more efficient, contributing to growth of the economy, there will be more money to invest in new ventures. There are probably going to be entirely new sectors of the economy in 100 years that we can't even imagine right now. It's possible that total employment will fall, but economic growth will continue as we're able to produce more with less."

" Critics have pointed out that the old computing adage "garbage in, garbage out" also applies to ML. If the data from which a machine "learns" is biased, then the outputs will reflect those biases. And this could become generalised: we may have created a technology that - however good it is at recommending films you might like - may actually morph into a powerful amplifier of social, economic and cultural inequalities."

"The Future of Jobs Report arrives as the rising tide of automation is expected to displace millions of American workers in the long term and as corporations, educational institutions and elected officials grapple with a global technological shift that may leave many people behind. The report, published Monday, envisions massive changes in the worldwide workforce as businesses expand the use of artificial intelligence and automation in their operations. Machines account for 29 percent of the total hours worked in major industries, compared with 71 percent performed by people. By 2022, however, the report predicts that 42 percent of task hours will be performed by machines and 58 percent by people"

" The machine's doing the prediction, making the distinct role of judgment in decision making clearer. So as the value of human prediction falls, the value of human judgment goes up because AI doesn't do judgment-it can only make predictions and then hand them off to a human to use his or her judgment to determine what to do with those predictions."

"The Court found that the fundamental right to privacy is greater than the economic interest of the commercial firm and, in some circumstances, the public interest interest in access to Information. The European Court affirmed the judgment of the Spanish Data Protection Agency which upheld press freedoms and rejected a request to have the article concerning personal bankruptcy removed from the web site of the press organization."

"Luddism refuses to die because each innovation creates a pool of people who feel economically or culturally dispossessed. The greater the leap forward, the wider the chasm of obsolescence. And the scale of the digital revolution defies hyperbole. No area of human activity is undisrupted. "

"El Salvador has become the first country in the world to adopt bitcoin as legal tender after its congress approved President Nayib Bukele's proposal to embrace the cryptocurrency in an effort to promote "financial inclusion", investment and economic development."

"Robots have been slow to appear because each one requires a rare confluence of market, task, technology, and innovation. (And luck. I only described some of the things that nearly killed Roomba.) But as technology advances and costs decline, the toolbox for robot designers constantly expands. Thus, more types of robots will cross the threshold of economic viability. Still, we can expect one constant. Each new, successful robot will represent a minimum-the simplest, lowest-cost solution to a problem people want solved. The growing set of tools that let us attack ever more interesting problems make this an exciting time to practice robotics."

"The UK's impending exit from the EU has provided an urgent economic need for such a facility - a UN report last month found at least $10bn (£7.9bn) of gold, platinum and other precious metals were dumped every year in a growing mountain of e-waste."

"Empirical evidence for this is beginning to appear. A recent large-scale study by the National Bureau for Economic Research in the US, using data from more than 3 million workers, found that the number of meetings per person had gone up 12.9% and the number of attendees per meeting increased by 13.5% during the pandemic. The researchers also found "significant and durable" increases in length of the average workday - up 8.2%, or 48.5 minutes - along with short-term increases in email activity."

"The Cyberspace Administration of China (CAC) unveiled a 30-point draft proposal for "algorithm recommendation management regulations" that would directly affect companies including ByteDance, Tencent Holdings and Kuaishou Technology. The rules would forbid practices that "encourage addiction or high consumption", as well as any activities that endanger national security or disrupt social and economic order."

"This all presents big questions for which we don't yet have answers. "At what point should kids know better?" asked David Dockterman, a lecturer at the Harvard Graduate School of Education. "When should a person's 'permanent digital record' start recording, if ever? To what extent should social media be a space for trial-and-error exploration around identity and social behavior?" "These are fantastically difficult moral dilemmas for teenagers who act impulsively, using tools that are not fully under their control, leading to consequences that perhaps none of us can anticipate," said Sonia Livingstone, professor of social psychology at the London School of Economics and Political Science. "This is the first time we've had a society in which almost by default, everything is recorded and shared and aggregated in ways that create a lifelong profile. Children should have the right to make mistakes.""

"The campaign's most organized form involves a database set up by anonymous activists that lists targets in the military, their photos, their locations, and how they have offended. Offenders are ranked by "traitor level," from "elite" to "low." Individuals have also taken social punishment into their own hands by creating Facebook groups and viral posts that share the identities of military family members or supporters. For the anti-coup population living abroad, the main objective is to get generals' family members living outside the country deported and their assets frozen. Within Myanmar, the goal is social and economic pressure, with boycotts on businesses and brands, and hopes that social shaming will convince military affiliates to work against their families and support the Civil Disobedience Movement."