Lifeboat Foundation

Artificial intelligence can create jobs, too. How else do we manage the robots?

The march of AI into the workplace calls for trade-offs between privacy and performance. A fairer, more productive workforce is a prize worth having, but not if it shackles and dehumanises employees. Striking a balance will require thought, a willingness for both employers and employees to adapt, and a strong dose of humanity.

ARTIFICIAL intelligence (AI) is barging its way into business. As our special report this week explains, firms of all types are harnessing AI to forecast demand, hire workers and deal with customers. In 2017 companies spent around $22bn on AI-related mergers and acquisitions, about 26 times more than in 2015. The McKinsey Global Institute, a think-tank within a consultancy, reckons that just applying AI to marketing, sales and supply chains could create economic value, including profits and efficiencies, of $2.7trn over the next 20 years. Google’s boss has gone so far as to declare that AI will do more for humanity than fire or electricity.

Such grandiose forecasts kindle anxiety as well as hope. Many fret that AI could destroy jobs faster than it creates them. Barriers to entry from owning and generating data could lead to a handful of dominant firms in every industry.

Continue reading “The workplace of the future” »

“We don’t have any defense that could deny the employment of such a weapon against us,” Air Force Gen. John Hyten, commander of U.Strategic Command, told the Senate Armed Services Committee on Tuesday.

“Both Russia and China are aggressively pursuing hypersonic capabilities,” Hyten added. “We’ve watched them test those capabilities.”

Researchers and engineers at Rand explain what a hypersonic weapon is, which countries are developing them and how the U.S. could look to defend against them.

Continue reading “Russia and China are ‘aggressively developing’ hypersonic weapons — here’s what they are and why the US can’t defend against them” »

SoftBank founder Masayoshi Son said he envisions the project, which runs the gamut from power generation to panel and equipment manufacturing, as a way to help wean Saudi Arabia off its dependence on oil for electricity, create as many as 100,000 jobs and shave $40 billion off power costs. The total capacity to be built under its umbrella will be 200 gigawatts by 2030, the company said.

Saudi Arabia and SoftBank Group Corp. signed a memorandum of understanding to build a $200 billion solar power development that’s exponentially larger than any other project.

There are several ways we can deal with the troubles that lie ahead during the transition to full automation. Some experts and companies are exploring basic income, the centuries-old idea of giving unconditional money to all citizens, enough for them to live their lives. Other thought leaders such as Bill Gates are proposing robot taxes, where companies that use automation pay certain fees for the jobs they take away from humans. Other solutions might emerge.

Automation will continue to move forward at an accelerating pace. We don’t need to fear about the destination. Instead, we must prepare ourselves for the rocky road ahead. I’m not worried about the robots taking all the jobs. I’m worried about them leaving some to the humans.

Hundreds of millions of jobs affected. Trillions of dollars of wealth created. These are the potential impacts of a coming wave of automation. In this episode of Moving Upstream, we travelled to Asia to see the next generation of industrial robots, what they’re capable of, and whether they’re friend or foe to low-skilled workers.

Watch more episodes: wsj.com/upstream

The multitalented Dot Power Platform could raise crop yields 70 percent by 2050.

Everyone is worried about robots stealing manufacturing jobs, but the real value (and threat) in robots may lie in whether they can become smart enough to actually think on their own.

One of the major milestones in creating human level intelligence is for machines to attain self-awareness. And Columbia University’s Creative Machines Lab may have already done it. “These robots learn overtime, to stimulate themselves in a future situation they haven’t actually experienced.” said Dr. Hod Lipson, the mechanical engineering professor leading the lab’s push to create self-aware robots.

Continue reading “VICE on HBO, Full Episode” »

The vast majority of Americans expect artificial intelligence to lead to job losses in the coming decade, but few see it coming for their own position.

The other findings, released in January, show that more than three in four Americans believe that artificial intelligence will fundamentally change how the public works and lives in the coming decade.

A new study reveals how widely Americans use and welcome technologies featuring artificial intelligence.

Continue reading “Most Americans See Artificial Intelligence as a Threat to Jobs (Just Not Theirs)” »