Lifeboat Foundation

Robots will not replace every worker and their use in the workplace will lead to more jobs for people who are creative, according to a company that aims to predict the future.

Artificial intelligence (AI) will operate alongside humans to “take away the grind” from work, enabling people to be more imaginative and productive, experts from The Future Laboratory told a Microsoft Surface event.

“Robots will actually create jobs because humans have unique thinking,” Steve Tooze, Special Projects Editor at The Future Laboratory, said. “They will take away the grind that we don’t want to do. This will free us up to the imaginative stuff, the creative stuff.”

Continue reading “Robots will create jobs for creative people, says company that tries to predict the future” »

Forty per cent of Australia’s jobs will disappear in 10 years but the head of CSIRO’s data research unit has delivered an action plan for how they can be replaced.

“The fourth industrial revolution is under way and the winners will be so far ahead of the losers, Australia has no choice but to pivot to the new industries that will emerge,” Data61 chief executive Adrian Turner told The Australian Financial Review Business Summit on Wednesday.

Australia was already feeling the consequences of an economy whose greatest disruptors, such as Uber and Amazon, were mostly coming from elsewhere, Mr Turner said. He noted that GDP growth rates were below historic averages, government debt to GDP ratios were rising, wage growth was slowing and productivity plateauing.

Continue reading “Data61 CEO Adrian Turner has a plan for the next jobs” »

If you think that the march of automation isn’t going to affect jobs in the medical profession, then, uh, you better sit down. A Belgian company called BeWell is showing off WellPoint, a self-service kiosk that’s designed for patients entering hospitals or clinics. The WellPoint is a touchscreen-enabled booth that operates as a first port of call for visitors, quickly checking your basic vitals before you see a medical professional.

In an era of maturing artificial intelligence technology, what does the future of the corporation look like? Will the rise of robots help us do our jobs better, or harm them? This dynamic has become a mainstay of the dialogue around AI, with voices from technology visionaries such as Bill Gates and Stephen Hawking weighing in.

But at Fortune’s Most Powerful Women International Summit in Hong Kong on Tuesday, leaders at two of the world’s most powerful tech giants pushed back on those concerns. AI is intended to help—not hinder—the human workforce, they said.

“AI is actually not new for us,” said Vanitha Narayanan, chairman of IBM India, whose Watson supercomputer has risen to global acclaim. But “technology always comes way ahead of policy.”

Continue reading “Google and IBM: We Want Artificial Intelligence to Help You, Not Replace You” »

While there are different flavors of the UBI, the basic concept is that everyone just gets money for existing—this, in theory, would help keep the economy running smoothly even as people are working less.

“Sounds like a communist scheme” jokes Pethokoukis. But he explains how this is actually a very old idea that has its roots on the political right as a way to simplify the welfare state. It’s an idea that’s really taken off among the libertarian-leaning luminaries of the tech world in recent years.

“Silicon Valley has sort of latched on to this idea. They have the most aggressive timetable as far as when we will actually see all these jobs hemorrhage,” explains Pethokoukis.

Continue reading “A Universal Basic Income? Slow Your Roll, Silicon Valley” »

These dystopias may sound like science fiction, but they’re perfectly plausible given our current trajectory. The technology around robotics and artificial intelligence will continue to improve – but without substantive political change, the outcome will range from bad to apocalyptic for most people. That’s why the recent rumblings about a robot tax are worth taking seriously. They offer an opportunity to develop the political response to mass automation now, before it’s too late.

When I asked the prominent leftwing thinker Matt Bruenig for his thoughts, he explained that whatever we do, we shouldn’t try to discourage automation. “The problem with robots is not the manufacturing and application of them – that’s actually good for productivity,” he told me. “The problem is that they are owned by the wealthy, which means that the income that flows to the robots go out to a small slice of wealthy people.”

Job-killing robots are good, in other words, so long as the prosperity they produce is widely distributed. An Oxfam report released earlier this year revealed that the eight richest men in the world own as much wealth as half the human race. Imagine what those numbers will look like if automation accelerates. At some point, a handful of billionaires could control close to one hundred percent of society’s wealth. Then, perhaps, the idea that wealth should be owned by the many, rather than monopolized by the few, won’t seem so radical, and we can undertake a bit of sorely needed redistribution – before robot capitalism kills us all.

Continue reading “Robots won’t just take our jobs – they’ll make the rich even richer” »

By David Ewalt

REUTERS TOP 25

Continue reading “The World’s Most Innovative Research Institutions” »

An answer to concerns about rejuvenation-induced overpopulation from a logistical point of view.

Why do we worry about overpopulation? What’s so bad about it? Well, several things. We could have too many people with respect to the space available on Earth; too many people and not enough jobs for everyone; too many people and not sufficient resources; too many people polluting the environment beyond what it can take.

Continue reading “Space, environment, resources, jobs” »

“The automation of factories has already decimated jobs in traditional manufacturing, and the rise of artificial intelligence is likely to extend this job destruction deep into the middle classes, with only the most caring, creative or supervisory roles remaining.” — Stephen Hawking.

Automation is inevitable. But we still have time to take action and help displaced workers.

Automation is accelerating. The software powering these robots becomes more powerful every day. We can’t stop it. But we can adapt to it.

Continue reading “A warning from Bill Gates, Elon Musk, and Stephen Hawking” »