Saturday, 7 January 2017

Week 16 - 'Artificial intelligence could cost millions of jobs. The White House says we need more of it.'

'Artificial intelligence could cost millions of jobs. The White House says we need more of it.'
https://www.washingtonpost.com/news/innovations/wp/2016/12/20/ai-could-cost-millions-of-jobs-the-white-house-says-we-need-more-of-it/?utm_term=.c69cad0469d7

  • growing popularity of artificial intelligence technology will likely lead to millions of lost jobs, especially among less-educated workers
  • essential to improving the country’s productivity growth, a key measure of how efficiently the economy produces goods
  • ultimately lead to higher average wages and fewer work hours
  • There was more than $300 million in venture capital invested in AI startups in 2014, a 300% increase over the year before
  • By 2020, 85% of customer interactions will be managed without a human
  • 32% of executives say voice recognition is the most-widely used AI technology in their business
AI conjures up a huge debate. It is an extremely beneficial and useful source if  If there can be a balance than doesn't harm people /workers then it can work out. As long as we don't become completely reliant and displace people it could help the economy and the wellbeing of others

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