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dr tech

What will destroy us first: Superbabies or AI? - Quartz - 0 views

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    "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."
dr tech

AI-driven misinformation 'biggest short-term threat to global economy' | Global economy... - 0 views

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    "A wave of artificial intelligence-driven misinformation and disinformation that could influence key looming elections poses the biggest short-term threat to the global economy, the World Economic Forum (WEF) has said. In a deeply gloomy assessment, the body that convenes its annual meeting in Davos next week expressed concern that politics could be disrupted by the spread of false information, potentially leading to riots, strikes and crackdowns on dissent from governments."
anonymous

BBC News - NatWest online services hit by cyber attack - 0 views

  • ails safe On Friday, a number of customers reported problems getting on to the bank's website, from which they normally access their accounts online. The RBS Group - which includes RBS, NatWest and Ulster Bank - said that NatWest was worst affected by the "deliberate" disruption. "Due to a surge in internet traffic deliberately directed at the NatWest website, customers experienced difficulties accessing some of our customer websites today," a spokeswoman for RBS said. "This deliberate surge of traffic is commonly known as a distributed denial of service (DDoS) attack. We have taken the appropriate action to restore the affected websites. At no time was there any risk to customers. We apologise for the inconvenience caused." She stressed that the latest incident was not connected to Monday's IT failure and no customer information was compromised at any time. The incident on Monday also affected cash machines and card payments and prompted an apology from the boss of the RBS group, Ross McEwan. More on This Story Big Banking Latest news EU fines banks over rate-rigging We've kept businesses alive - RBS Cable hands RBS file to watchdog Parties row over Co-op 'smears' JP Morgan in record $13bn settlement Police search home of Paul Flowers Barclays plans to cut 1,700 jobs $render("hyper-related-assets","group-title-1"); Basics Funding for Lending: How does it work? Q&A: Standard Chartered allegations HSBC report: Key findings Q&A: Basel rules on bank capital $render("hyper-related-assets","group-title-2"); Guides and analysis Shock: A banker can live on £1m salary RBS's new boss, Ross McEwan, will not receive any bonus for his first 15 months in the job, and won't pocket any bonus payments till at least 2017. When will banking ever change? Q&A: Banker bonus cap plan What has changed since the crisis? Explaining the Libor scandal Timeline: Libor-fixing scandal $render("hyper-related-assets","group-title-6");
  • Details safe On Friday, a number of customers reported problems getting on to the bank's website, from which they normally access their accounts online. The RBS Group - which includes RBS, NatWest and Ulster Bank - said that NatWest was worst affected by the "deliberate" disruption. "Due to a surge in internet traffic deliberately directed at the NatWest website, customers experienced difficulties accessing some of our customer websites today," a spokeswoman for RBS said. "This deliberate surge of traffic is commonly known as a distributed denial of service (DDoS) attack. We have taken the appropriate action to restore the affected websites. At no time was there any risk to customers. We apologise for the inconvenience caused." She stressed that the latest incident was not connected to Monday's IT failure and no customer information was compromised at any time. The incident on Monday also affected cash machines and card payments and prompted an apology from the boss of the RBS group, Ross McEwan. More on This Story Big Banking Latest news EU fines banks over rate-rigging We've kept businesses alive - RBS Cable hands RBS file to watchdog Parties row over Co-op 'smears' JP Morgan in record $13bn settlement Police search home of Paul Flowers Barclays plans to cut 1,700 jobs $render("hyper-related-assets","group-title-1"); Basics Funding for Lending: How does it work? Q&A: Standard Chartered allegations HSBC report: Key findings Q&A: Basel rules on bank capital $render("hyper-related-assets","group-title-2"); Guides and analysis Shock: A banker can live on £1m salary RBS's new boss, Ross McEwan, will not receive any bonus for his first 15 months in the job, and won't pocket any bonus payments till at least 2017. When will banking ever change? Q&A: Banker bonus cap plan What has changed since the crisis? Explaining the Libor scandal Timeline: Libor-fixing scandal $render("hyper-related-assets","group-title-6"); hyper-depth-st
  • 's website, from which they normally access their accounts online. The RBS Group - which includes RBS, NatWest and Ulster Bank - said that NatWest was worst affected by the "deliberate" disruption. "Due to a surge in internet traffic deliberately directed at the NatWest website, customers experienced difficulties accessing some of our customer websites today," a spokeswoman for RBS said. "This deliberate surge of traffic is commonly known as a distributed denial of service (DDoS) attack. We have taken the appropriate action to restore the affected websites. At no time was there any risk to customers. We apologise for the inconvenience caused." She stressed that the latest incident was not connected to Monday's IT failure and no customer information was compromised at any time. The incident on Monday also affected cash machines and card payments and prompted an apology from the boss of the RBS group, Ross McEwan. More on This Story Big Banking Latest news EU fines banks over rate-rigging We've kept businesses alive - RBS Cable hands RBS file to watchdog Parties row over Co-op 'smears' JP Morgan in record $13bn settlement Police search home of Paul Flowers Barclays plans to cut 1,700 jobs $render("hyper-related-assets","group-title-1"); Basics Funding for Lending: How does it work? Q&A: Standard Chartered allegations HSBC report: Key findings Q&A: Basel rules on bank capital $render("hyper-related-assets","group-title-2"); Guides and analysis Shock: A banker can live on £1m salary RBS's new boss, Ross McEwan, will not receive any bonus for his first 15 months in the job, and won't pocket any bonus payments till at least 2017. When will banking ever change? Q&A: Banker bonus cap plan What has changed since the crisis? Explaining the Libor scandal Timeline: Libor-fixing scandal $render("hyper-related-assets","group-title-6"); Your Savings
  • ...4 more annotations...
  • and cash machines. Details safe On Friday, a number of customers reported problems getting on to the bank's website, from which they normally access their accounts online. The RBS Group - which includes RBS, NatWest and Ulster Bank - said that NatWest was worst affected by the "deliberate" disruption. "Due to a surge in internet traffic deliberately directed at the NatWest website, customers experienced difficulties accessing some of our customer websites today," a spokeswoman for RBS said. "This deliberate surge of traffic is commonly known as a distributed denial of service (DDoS) attack. We have taken the appropriate action to restore the affected websites. At no time was there any risk to customers. We apologise for the inconvenience caused." She stressed that the latest incident was not connected to Monday's IT failure and no customer information was compromised at any time. The incident on Monday also affected cash machines and card payments and prompted an apology from the boss of the RBS group, Ross McEwan. More on This Story Big Banking Latest news EU fines banks over rate-rigging We've kept businesses alive - RBS Cable hands RBS file to watchdog Parties row over Co-op 'smears' JP Morgan in record $13bn settlement Police search home of Paul Flowers Barclays plans to cut 1,700 jobs $render("hyper-related-assets","group-title-1"); Basics Funding for Lending: How does it work? Q&amp;A: Standard Chartered allegations HSBC report: Key findings Q&amp;A: Basel rules on bank capital $render("hyper-related-assets","group-title-2"); Guides and analysis Shock: A banker can live on £1m salary RBS's new boss, Ross McEwan, will not receive any bonus for his first 15 months in the job, and won't pocket any bonus payments till at least 2017. When will banking ever change? Q&amp;A: Banker bonus cap plan What has changed since the crisis? Explaining the Libor scandal Timeline: Libor-fixing scandal $render("hyper-related-assets","group-title-6"); <h4 cla
  • It came less than a week after a major computer failure left some customers unable to use cards and cash machines.
  • On Friday, a number of customers reported problems getting on to the bank's website
  • Due to a surge in internet traffic deliberately directed at the NatWest website, customers experienced difficulties accessing some of our customer websites today,
dr tech

The American Economy Was Just Blasted Years Into the Future | Marker - 0 views

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    "Our Economy Was Just Blasted Years Into the Future The crisis is compressing and accelerating trends that would have taken decades to play out"
dr tech

Why Education Is the Hardest Sector of the Economy to Automate - 0 views

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    "Automating teaching is an example of a task that would require artificial general intelligence (as opposed to narrow or specific intelligence). In other words, this is the kind of task that would require an AI that understands natural human language, can be empathetic towards emotions, plan, strategize and make impactful decisions under unpredictable circumstances."
dr tech

Elon Musk says humans must become cyborgs to stay relevant. Is he right? | Technology |... - 0 views

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    "If humans want to continue to add value to the economy, they must augment their capabilities through a "merger of biological intelligence and machine intelligence". If we fail to do this, we'll risk becoming "house cats" to artificial intelligence."
dr tech

London School of Economics: piracy isn't killing big content; government needs to be sk... - 0 views

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    "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. "
Mcdoogleh CDKEY

BBC News - Ministers offer concessions on copyright changes - 0 views

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    The digital Economy Bill comes under major scrutiny as firms such as Google and Facebook are against it, meaning that ministers have to debate against large technology giants. 
Buka Zakaraia

Powers to disconnect pirates in Digital Economy Bill - Telegraph - 1 views

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    Another interesting article - but is this Government and Politics as an Area of Impact?
dr tech

What jobs will still be around in 20 years? Read this to prepare your future | US news ... - 0 views

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    "More and more independent thinkers are realizing that when being an employee is the equivalent to putting all your money into one stock - a better strategy is to diversify your portfolio. So you're seeing a lot more people looking to diversify their career." Faith Popcorn, a futurist, echoes the idea that we will all have to become as agile as possible and "have many forms of talent and work that you can provide the economy".
dr tech

Kevin Roose's 'Futureproof' Offers Rules To Thrive In The Age Of Automation : NPR - 0 views

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    "Then the other difference is there's been some new research out about the effect that automation has been having in the economy. And it's shown that while for much of the 20th century, automation was creating new jobs faster than it was destroying old jobs, for the last few decades, the opposite has been true: Old jobs have been disappearing faster than new jobs have been created."
dr tech

China Charges Ahead With a National Digital Currency - The New York Times - 0 views

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    "If the eCNY is successful, it will give the central bank new powers, including novel types of monetary policy to help the economy grow. In one possibility that economists have discussed, a central bank could program its digital currency to slowly lose value so that consumers are encouraged to spend it immediately."
dr tech

What Does Privacy Really Mean Under Surveillance Capitalism? | Literary Hub - 0 views

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    "The internet is primarily funded by the collection, analysis, and trade of data-the data economy. Much of that data is personal data-data about you. The trading of personal data as a business model is increasingly being exported to all institutions in society-the surveillance society, or surveillance capitalism."
dr tech

As Algorithms Take Over More of the Economy, We Should Cede Control (Very) Carefully - 0 views

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    "After being set an overarching goal like maximizing profit, they develop their own strategies based on experience of the market, often with little human oversight. The most advanced also use forms of AI whose workings are opaque even if humans wanted to peer inside."
dr tech

Music streaming makes major labels rich, while musicians like me go broke | Music strea... - 0 views

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    "The noise got so loud it caught the ear of parliament: the digital, culture, media and sport select committee opened an inquiry into the fairness of the "streaming economy". "
neoooo

Japan in race with China for facial-recognition supremacy - Nikkei Asia - 0 views

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    "TOKYO/GUANGZHOU -- From shopping to banking to boarding airplanes, an economy based on facial recognition is taking root in Japan, enabling consumers to live a cashless, bag-free life. "
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