Lifeboat Foundation

The new digital communications policy (NDCP) 2018, approved by the Cabinet on Wednesday, looks too good to believe. It has promised to create an additional four million jobs in five years and reskill another one million people in new-age skills and sectors such as 5G LTE and artificial intelligence. Six lakh villages will be connected which will eventually lead to creating jobs and several earning avenues such as managing WiFi hotspots and laying optical fibre, among others. The policy will give an impetus to the job market.

NDCP is bound to create a massive infrastructure and help the debt-ridden telecom sector emerge from its current turbulence. The policy document envisages the reduction in levies and ease of doing business, and this will help restore the financial health of the long-bleeding sector. The focus will be on the proliferation of telecom services and facilitating low-cost financing. The government’s ambitious plan of Digital India will get a booster shot. Thanks to the promise of 50 Mbps speed in the broadband connection, the consumer will be the ultimate beneficiary.

Plans are afoot to reform the licensing and regulatory regime to facilitate investments and innovation, besides promoting ease of doing business. The success of the policy will depend on the execution of the policy.

Continue reading “DNA Money Edit: Telecom sector awaits a turnaround” »

THE two superpowers of artificial intelligence (AI) are America and China. Their tech giants have collected the most data, attracted the best talent and boast the biggest computing clouds—the main ingredients needed to develop AI services from facial recognition to self-driving cars. Their dominance deeply worries the European Union, the world’s second-largest economic power (see article). It is busily concocting plans to close the gap.

That Europe wants to foster its own AI industry is understandable. Artificial intelligence is much more than another Silicon Valley buzzword—more, even, than seminal products like the smartphone. It is better seen as a resource, a bit like electricity, that will touch every part of the economy and society. Plenty of people fret that, without its own cutting-edge research and AI champions, big digital platforms based abroad will siphon off profits and jobs and leave the EU a lot poorer. The technology also looms large in military planning. China’s big bet on AI is partly a bet on autonomous weapons; America is likely to follow the same path. Given the doubt over whether America will always be willing to come to Europe’s defence, some see spending on AI as a matter of national security.

A rise in global nationalism combined with advances in technology signal trouble ahead, says the author of a new book. But there’s hope.

Surging productivity and the general rise in incomes it brings would be welcome, of course, but that isn’t sufficient. The same questions being raised about the advance of robotics in the workplace apply to machine learning. While new jobs would be created, many existing jobs — from doctors and financial advisers to translators and call-center operators — are susceptible to displacement or much-reduced roles. No economic law guarantees that productivity growth benefits everyone equally. Unless we thoughtfully manage the transition, some people, even a majority, are vulnerable to being left behind even as others reap billions.

Whether it’s for the better and for the many is up to human intelligence.

Machines and technology in the workplace could create 133 million new jobs in place of 75 million that will be displaced between now and 2022, new research from the World Economic Forum found.

Give this video some time to play out but listen carefully. Kai-Fu Lee is explaining to you what the New Humanity is going to be.

Editors Note: Give this video time and allow it to play out. What you need to focus on is the propaganda behind the New Humanity.

Continue reading “How AI Can Save Our Humanity” »

The digital transformation of society has brought many immediate benefits: it’s created new jobs and services, boosted efficiency and promoted innovation. But when it comes to improving the way we govern, the story is not that simple.

It seems reasonable to imagine introducing digital information and communication technologies into public sector organisations – known as “digital government” or “e-government” – would have a beneficial impact on the way public services are delivered. For instance, by enabling people to claim rebates for medical bills via a government website.

When implemented well, e-government can reduce the cost of delivering government and public services, and ensure better contact with citizens – especially in remote or less densely populated areas. It can also contribute to greater transparency and accountability in public decisions, stimulate the emergence of local e-cultures, and strengthen democracy.

AI is massively transforming our world, but there’s one thing it cannot do: love. In a visionary talk, computer scientist Kai-Fu Lee details how the US and China are driving a deep learning revolution — and shares a blueprint for how humans can thrive in the age of AI by harnessing compassion and creativity. “AI is serendipity,” Lee says. “It is here to liberate us from routine jobs, and it is here to remind us what it is that makes us human.”

Check out more TED Talks: http://www.ted.com

Continue reading “How AI can save our humanity | Kai-Fu Lee” »

The World Economic Forum suggests we are on the cusp of a Fourth Industrial Revolution driven by ‘ubiquitous automation, big data and artificial intelligence’. The Institute for Public Policy Research, however, says that “despite the growing capability of robots and artificial intelligence (AI), we are not on the cusp of a ‘post-human’ economy.”

IPPR suggests that an estimated 60 percent of occupations have at least 30 percent of activities which could be automated with already-proven technologies. As tasks are automated, work is likely to be redefined, focusing on areas of human comparative advantage over machines.

The CIPD point out that “new technology has changed many more jobs than it has destroyed, and it does not destroy work. Overall, the biggest advanced industrialized economies have between them created over 50 million jobs, a rise of nearly 20 percent, over the past 20 years despite huge economic and technological disruptions.”