Robots have transformed industrial manufacturing, and now they are being rolled out for food production and restaurant kitchens. Already, artificial intelligence (AI) machines can do many tasks where learning and judgment is required, including self-driving cars, insurance assessment, stock trading, accounting, HR and many tasks in healthcare. So are we approaching a jobless future, or will new jobs replace the ones that are lost?
Everyone agrees that the competition to hire people who know how to build artificial intelligence systems is intense. It’s turned once-staid academic conferences into frenzied meet markets for corporate recruiters and driven the salaries of the top researchers to seven-figures. But how scarce AI talent really is has been something of an industry mystery.
Congress, if it is to address artificial intelligence and its attendant issues in any meaningful sense, must take a far more expansive view, one that considers the implications of these technologies both at home and abroad. National competitiveness, while important, is not and should not be the end-all be-all when it comes to crafting policy.
Chinese and American tech giants are preparing for a showdown that may shape the future of artificial intelligence. China’s cloud providers, Alibaba, Tencent, and Baidu, are getting ready to do battle with US giants Amazon, Google, and Microsoft to deliver AI online. As Chinese companies seek to expand their reach, they may increasingly aim their cloud services at US companies and developers, and vice versa.
Our future depends on our young people’s ability to face novelty and complexity, and to work together to create a better world for themselves and the next generation they leave behind. They will face challenges in jobs we have yet to envision and work alongside more intelligent machines than Orwell could have imagined.
History, logic, and economic analysis all strongly point to the conclusion that the next technology wave, powered by artificial intelligence and robotics, will not lead to above average unemployment levels and that we will not run out of work. What it could do however, is significantly improve labor productivity growth rates, making society better off and boost per-capita incomes for virtually all Americans.
Deutsche Boerse has launched an index that tracks companies that are leaders in artificial intelligence (AI) by using an algorithm to identify early adopters of the technology. Companies in the index include Apple, Deutsche Telekom, Bank of America and Facebook, the German stock exchange operator said on Monday.
Google has poured billions into artificial intelligence, a technology that many expect will render jobs across several fields obsolete. Last year, Google Chief Executive Officer Sundar Pichai introduced a companywide initiative focused on employment. He announced Google would give $1 billion over five years to nonprofits in the field.
Artificial intelligence (AI) could be the biggest challenge facing the jobs market and even humanity itself, according to Nobel Prize-winning economist Robert Shiller. However, the Yale University professor told CNBC that he had a radical idea that could be implemented to mitigate AI's potential harm to society.
Artificial intelligence and automation are bringing changes to higher education that will challenge, and may even threaten, in-person learning. At present, colleges and universities are most worried about competition from schools or training systems using online learning technology.