Posted by hkarner - 23. März 2017
Robert J. Shiller
Robert J. Shiller, a 2013 Nobel laureate in economics, is Professor of Economics at Yale University and the co-creator of the Case-Shiller Index of US house prices. He is the author of Irrational Exuberance, the third edition of which was published in January 2015, and, most recently, Phishing for Phools: The Economics of Manipulation and Deception, co-authored with George Akerlof.
MAR 22, 2017 Project Syndicate
NEW HAVEN – The idea of a tax on robots was raised last May in a draft report to the European Parliament prepared by MEP Mady Delvaux from the Committee on Legal Affairs. Emphasizing how robots could boost inequality, the report proposed that there might be a “need to introduce corporate reporting requirements on the extent and proportion of the contribution of robotics and AI to the economic results of a company for the purpose of taxation and social security contributions.”
The public reaction to Delvaux’s proposal has been overwhelmingly negative, with the notable exception of Bill Gates, who endorsed it. But we should not dismiss the idea out of hand. In just the past year, we have seen the proliferation of devices such as Google Home and Amazon Echo Dot (Alexa), which replace some aspects of household help. Likewise, the Delphi and nuTonomy driverless taxi services in Singapore have started to replace taxi drivers. And Doordash, which uses Starship Technologies miniature self-driving vehicles, is replacing restaurant delivery people. Den Rest des Beitrags lesen »
Posted in Artikel | Verschlagwortet mit: AI, Inequality, Robot Tax, Shiller, Technology | Leave a Comment »
Posted by hkarner - 20. März 2017
Source: The New York Times
James Yoon, a partner at Wilson Sonsini Goodrich & Rosati in Palo Alto, Calif., says people are willing to pay for his experience. “What clients don’t want to pay for is any routine work.”
Impressive advances in artificial intelligence technology tailored for legal work have led some lawyers to worry that their profession may be Silicon Valley’s next victim.
But recent research and even the people working on the software meant to automate legal work say the adoption of A.I. in law firms will be a slow, task-by-task process. In other words, like it or not, a robot is not about to replace your lawyer. At least, not anytime soon.
“There is this popular view that if you can automate one piece of the work, the rest of the job is toast,” said Frank Levy, a labor economist at the Massachusetts Institute of Technology. “That’s just not true, or only rarely the case.”
An artificial intelligence technique called natural language processing has proved useful in scanning and predicting what documents will be relevant to a case, for example. Yet other lawyers’ tasks, like advising clients, writing legal briefs, negotiating and appearing in court, seem beyond the reach of computerization, for a while.
“Where the technology is going to be in three to five years is the really interesting question,” said Ben Allgrove, a partner at Baker McKenzie, a firm with 4,600 lawyers. “And the honest answer is we don’t know.”
Den Rest des Beitrags lesen »
Posted in Artikel | Verschlagwortet mit: AI, Lawyer, MGI, NYT, Technology | Leave a Comment »
Posted by hkarner - 3. März 2017
Source: The Wall Street Journal
Futuristic forecast spurs investment wave from Japanese telecom company
SoftBank CEO Masayoshi Son
BARCELONA—Within 30 years, artificial intelligence will be smarter than the human brain.
That is according to Masayoshi Son, chief executive of SoftBank Group Corp., who says that supersmart robots will outnumber humans and more than a trillion objects will be connected to the internet within three decades.
These beliefs underpin the wave of large and surprising deals the Japanese internet and telecommunications company has pulled off in the past year, he said Monday. These include starting a $100 billion technology-investment fund with a Saudi sovereign-wealth fund, buying British microprocessor designer ARM Holdings PLC for $32 billion and acquiring U.S. asset manager Fortress Investment Group PLC for $3.3 billion.
This 30-year forecast created urgency, Mr. Son said in a speech at the telecom industry’s biggest trade show, Mobile World Congress. “That is why I’m in a hurry to aggregate cash to invest.”
In a brief interview after his speech, Mr. Son said his $100 billion project with the Saudis, dubbed the SoftBank Vision Fund, was bigger than the $65 billion in combined investments from the venture-capital world. He said the SoftBank Vision Fund would be focused. “Artificial intelligence, Internet of Things, smart robots: Those are the three main things I’m interested in,” he said. Den Rest des Beitrags lesen »
Posted in Artikel | Verschlagwortet mit: AI, ARM, Japan, Robotics, Softbank, Son, Technology, WSJ | Leave a Comment »
Posted by hkarner - 28. Februar 2017
High-earning traders will quickly become an endangered species as AI takes over the financial sector.
Will The Wolves Of Wall Street Be Out Of A Job Soon?
For the past year, we as a society have been worried sick about artificial intelligence eating the jobs of 3 million truck drivers. Turns out that a more imminently endangered species are the Wall Street traders and hedge fund managers who can afford to buy Lamborghinis and hire Elton John to play their Hamptons house parties.
So maybe “hooray for AI” on this one?
Financial giants such as Goldman Sachs and many of the biggest hedge funds are all switching on AI-driven systems that can foresee market trends and make trades better than humans. It’s been happening, drip by drip, for years, but a torrent of AI is about to wash through the industry, says Mark Minevich, a New York-based investor in AI and senior adviser to the U.S. Council on Competitiveness. High-earning traders are going to get unceremoniously dumped like workers at a closing factory.
“It will really hit at the soul of Wall Street,” Minevich tells me. “It will transform New York.” Den Rest des Beitrags lesen »
Posted in Artikel | Verschlagwortet mit: AI, Automation, Goldman, Newsweek, Technology, Trump | Leave a Comment »
Posted by hkarner - 24. Februar 2017
Margaret A. Boden
Margaret A. Boden is Research Professor of Cognitive Science at the University of Sussex, UK, and the author of AI: Its Nature and Future.
FEB 23, 2017 Project Syndicate
BRIGHTON – Artificial intelligence already plays a major role in human economies and societies, and it will play an even bigger role in the coming years. To ponder the future of AI is thus to acknowledge that the future is AI.
This will be partly owing to advances in “deep learning,” which uses multilayer neural networks that were first theorized in the 1980s. With today’s greater computing power and storage, deep learning is now a practical possibility, and a deep-learning application gained worldwide attention in 2016 by beating the world champion in Go. Commercial enterprises and governments alike hope to adapt the technology to find useful patterns in “Big Data” of all kinds.
In 2011, IBM’s Watson marked another AI watershed, by beating two previous champions in Jeopardy!, a game that combines general knowledge with lateral thinking. And yet another significant development is the emerging “Internet of Things,” which will continue to grow as more gadgets, home appliances, wearable devices, and publicly-sited sensors become connected and begin to broadcast messages around the clock. Big Brother won’t be watching you; but a trillion little brothers might be. Den Rest des Beitrags lesen »
Posted in Artikel | Verschlagwortet mit: AI, Basic Income, Boden, Deep Learning, Internet of things, Project Syndicate, Singularity | Leave a Comment »
Posted by hkarner - 23. Januar 2017
on January 18, 2017 RGE EconoMonitor
The next wave of smart technologies—from the Internet of Things and wearables to robotics, and artificial intelligence—will boost worker productivity, reinvent business, and add trillions of dollars to worldwide GDP growth. Research recently conducted by Roubini ThoughtLab and Cognizant’s Center for the Future of Work estimates that these smarter technologies will turbo-boost the digital revolution and rewrite the next chapter in the story of business – how companies generate revenue, control costs, engage customers, and manage work.
Our study, The Work Ahead, reveals that companies are rapidly moving from the initial phase of digital transformation, spurred by SMAC technologies (social, mobile, analytics, cloud), to a second phase of hyper-digitization. In this next phase, which will carry us into the next decade, businesses will harness these smarter, game-changing technologies to become hyper-digitalized organizations that will enjoy leaps in revenue growth, cost savings, productivity and worker engagement. Den Rest des Beitrags lesen »
Posted in Artikel | Verschlagwortet mit: AI, Celi, Cognizant, Digital Economy, industrial revolution, RGE Monitor, Roubini, SMAC, Technology | Leave a Comment »
Posted by hkarner - 17. Dezember 2016
STORRS, CONNECTICUT – The prospect of artificial intelligence (AI) has long been a source of knotty ethical questions. But the focus has often been on how we, the creators, can and should use advanced robots. What is missing from the discussion is the need to develop a set of ethics for the machines themselves, together with a means for machines to resolve ethical dilemmas as they arise. Only then can intelligent machines function autonomously, making ethical choices as they fulfill their tasks, without human intervention.
There are many activities that we would like to be able to turn over entirely to autonomously functioning machines. Robots can do jobs that are highly dangerous or exceedingly unpleasant. They can fill gaps in the labor market. And they can perform extremely repetitive or detail-oriented tasks – which are better suited to robots than humans.
But no one would be comfortable with machines acting independently, with no ethical framework to guide them. (Hollywood has done a pretty good job of highlighting those risks over the years.) That is why we need to train robots to identify and weigh a given situation’s ethically relevant features (for example, those that indicate potential benefits or harm to a person). And we need to instill in them the duty to act appropriately (to maximize benefits and minimize harm). Den Rest des Beitrags lesen »
Posted in Artikel | Verschlagwortet mit: AI, Anderson, Ethics, Project Syndicate, Robotics, Technology | Leave a Comment »
Posted by hkarner - 6. Dezember 2016
Source: The Wall Street Journal
Creating systems that can be used for a variety of problems could take decades
Artificial intelligence is having a moment.
Startups that claim to be using AI are attracting record levels of investment. Big tech companies are going all-in, draining universities of entire departments. Nearly 140 AI companies have been acquired since 2011, including 40 this year alone.
AI is showing up in our everyday lives, as voice-recognition technology in our devices and image recognition in our Facebook and Google accounts.
Now, Google parent Alphabet Inc., Amazon.com Inc. and Microsoft Corp. are making some of their smarts available to other businesses, on a for-hire basis. Want to make your app or gadget respond to voice commands, and answer in its own “voice?” These services can do that. Need to transcribe those conversations so they can be analyzed? This new breed of services can do this and many other things, from face recognition to identifying objectionable content in images. Den Rest des Beitrags lesen »
Posted in Artikel | Verschlagwortet mit: AI, Technology, WSJ | Leave a Comment »
Posted by hkarner - 2. Dezember 2016
Next time you stop for gas at a self-serve pump, say hello to the robot in front of you. Its life story can tell you a lot about the robot economy roaring toward us like an EF5 tornado on the prairie.
Yeah, your automated gas pump killed a lot of jobs over the years, but its biography might give you hope that the coming wave of automation driven by artificial intelligence (AI) will turn out better for almost all of us than a lot of people seem to think.
The first crude version of an automated gas-delivering robot appeared in 1964 at a station in Westminster, Colorado. Short Stop convenience store owner John Roscoe bought an electric box that let a clerk inside activate any of the pumps outside. Self-serve pumps didn’t catch on until the 1970s, when pump-makers added automation that let customers pay at the pump, and over the next 30 years, stations across the nation installed these task-specific robots and fired attendants. By the 2000s, the gas attendant job had all but disappeared. (Two states, New Jersey and Oregon, protect full-service gas by law.)
That’s hundreds of thousands of jobs vaporized—there are now 168,000 gas stations in the U.S. The loss of those jobs was undoubtedly devastating for the individuals who had them, but the broader impact has been pretty positive for the rest of us. Den Rest des Beitrags lesen »
Posted in Artikel | Verschlagwortet mit: AI, Alexa, Newsweek, Robotics, Siri, Technology, Uber, Work | Leave a Comment »