Lifeboat Foundation

I agree; still a lot of work to be done in order for AI to have a huge impact around taking most of the jobs away. Besides, with new technology comes new careers.

India’s finance minister isn’t worried about jobs being lost in the country’s manufacturing sector despite warnings that industrial robots will dramatically reduce the need for factory workers in coming decades.

“I still have faith in human ingenuity, that even when jobs are lost in certain sectors … more jobs will be created because of that increased economic activity in other sectors,” Arun Jaitley told CNN’s Fareed Zakaria on Sunday at the CNN Asia Business Forum in Mumbai.

Continue reading “India’s finance minister isn’t afraid of robots” »

I find this a bit of a stretch. Maybe some jobs; however, not all and there will be (like any new technology, etc.) new career fields created.

“Can the global economy adapt to greater than 50 per cent unemployment? Will those out of work be content to live a life of leisure?” Vardi noted.

“I believe that society needs to confront this question before it is upon us: If machines are capable of doing almost any work humans can do, what will humans do?” he said.

Continue reading “Robots may take over most human jobs by 2045: Expert” »

The pace at which robots and intelligent machines are able to take over the jobs traditionally performed by humans will result in more than half the population being unemployed within 30 years, an expert in computing has predicted.

While some may look forward to a life of leisure, many others face the dismal prospect of long-term unemployment as a result of the rise of smart machines, from self-driving cars and intelligent drones to smart financial-trading machines, said Moshe Vardi, professor of computational engineering at Rice University in Houston, Texas.

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Now, we’re hearing that it will be another 30 years before we see AI take 50% of the positions. Just last week, it was reported that within 10 years we would see 50% of the jobs lost to AI. I do caution folks not to be careful in over promising and under deliver because I believe that learned from that lesson in 1999 — 2001.

Society faces its biggest challenge in finding meaning in a life mostly run by machines, warns Rice University’s Moshe Vardi.

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Why? Why are there so many folks hyping up AI devastation?

I truly caution folks from over hyping things before they hurt a lot of innocent people. Things like Quantum Computing and Internet, CRISPR, microbot technology, etc. could be badly damaged as a result of the over hype of AI and it’s under delivery.

Also, the ongoing changing numbers on when 50% of the jobs are lost or the ongoing shuffle/ changes in the capabilities of the AI story is also creating an environment of distrust which also hurts efforts around Quantum, CRISPR, etc.

Continue reading “Intelligent Robots Threaten Millions of Jobs” »

Again, I see too many gaps that will need to be address before AI can eliminate 70% of today’s jobs. Below, are the top 5 gaps that I have seen so far with AI in taking over many government, business, and corporate positions.

1) Emotion/ Empathy Gap — AI has not been designed with the sophistication to provide personable care such as you see with caregivers, medical specialists, etc.
2) Demographic Gap — until we have a more broader mix of the population engaged in AI’s design & development; AI will not meet the needs for critical mass adoption; only a subset of the population will find will connection in serving most of their needs.
3) Ehtics & Morale Code Gap — AI still cannot understand at a full cognitive level ethics & empathy to a degree that is required.
4) Trust and Compliance Gap — companies need to feel that their IP & privacy is protected; until this is corrected, AI will not be able to replace an entire back office and front office set of operations.
5) Security & Safety Gap — More safeguards are needed around AI to deal with hackers to ensure that information managed by AI is safe as well as ensure public saftey from any AI that becomes disruptive or hijacked to cause injury or worse to the public

Until these gaps are addressed; it will be very hard to eliminate many of today’s government, office/ business positions. The greater job loss will be in the lower skill areas like standard landscaping, some housekeeping, some less personable store clerk, some help desk/ call center operations, and some lite admin admin roles.

Continue reading “Yes, robots will steal our jobs — but don’t worry, we’ll get new ones” »

Good article. Robots taking over the world? No. All human workers replaced by a robot? No Will humans need enhancements to keep up with technology or do certain positions/ careers? Yes.

As robotics and artificial intelligence continue to accelerate in their development, there will be a dwindling number of jobs that machines won’t handle better than humans. How should we prepare for an economy that no longer needs us?

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Traditional farming has challenges that are now being overcome by innovative and sustainable solutions. One instance is a floating island that is powered by solar energy and has several farms that were created by the Forward Thinking Architecture. The islands are designed to work in an energy efficient manner where rainwater and sunlight are harvested so that the farming is done in a sustainable manner. The floating farms are designed to produce vegetables of the amount twenty tons every day. The advantage of this approach is that it has paved the way for farms such as this to be built and run across the world, even in places that are not accessible or do not have the right resources for farming. Locals can grow the food they need and reduce the need to import food and other goods which can then save money and provide opportunities for local employment. The floating farms and their amazing technology and possibilities are shown below. There are links given as well for those who wish to know more. It surely will revolutionize the problems of food production that has been plaguing many countries.

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2 trends that is happening now especially with millennials: car ownership is no longer the desire; and home ownership is out of reach. And, this will impact at a minimum 4 industries — financial, real estate, auto, and insurance industries? Something that many in industry will need to get very creative in addressing to entice the future larger market consumers.

Young people no longer rush to buy their first car, meaning future cities need to think quickly about public transport and the emerging “share economy”, one of Australia’s leading urban futurists says.

Fewer people will “own a car”, “shared” driverless cars will be common and the “Uber” idea of sharing a ride will extend beyond an alternative to taxis, to ‘sharing’ homes, jobs, electric cars, hotel rooms and bikes by 2050.

Continue reading “Young Aussies thinking twice about car ownership: city futurist” »