The Future This Week: September 11, 2017

“Automation is going to cause unemployment, and we need to prepare for it.”–Mark Cuban

Back in his early stand up days, Woody Allen had a joke that went something like this. My father came home from work one day and told us he had been laid off from his factory job.  He had been replaced on the assembly line by a $50 part.  The real tragedy of the situation was that my mother immediately went out and bought one of those parts.

Funny, yes.  But the disruption being caused in the workplace by automation and artificial intelligence is not so funny, particularly for the people on the losing end.

Automation/AI induced job loss or disruption–A report in London’s Daily Mail, suggests that we are nearing a tipping point for massive job disruption and loss caused by artificial intelligence and various other forms of automation.   While some critics of the employment doomsday scenarios suggest new jobs will be created to replace those lost, the report suggests, at best, there will be a period of painful adjustment.

Almost on cue, Futurism.com reported that another major Silicon Valley executive has come out in favor of Universal Basic Income.  Sam Altman, president of Y Combinator, joined the ranks of other major tech leaders, including Mark Zuckerberg and Elon Musk, in supporting the concept of providing everyone in society with an unconditional guaranteed income as insulation from tech-induced unemployment.  If you’re wondering how it could be funded, here are some suggestions.

Sharing economy– Services like Uber and Lyft are not exactly automation, but they are empowered by the technologies of the internet and smart phones.  Apropos to the two stories above, today’s New York Times reports on economic hardships inflicted on traditional cab drivers by the ride sharing apps.

China’s answer to Hyperloop

High speed transport--Move over Elon Musk, China has its own answer to his Hyperloop transport system.  China Aerospace Science and Industry announced the planned development of system using maglev technology and vacuum tubes to transport passengers at an astounding 2500 mph.

Meanwhile, India has jumped onto the Hyperloop bandwagon. Hyperloop Transportation Technologies announced it has signed a deal to explore building a system linking the cities of Vijaywada and Amaravati in southeast India. The U.S.-based company already has deals to explore building systems in South Korea, Slovakia and Abu Dhabi.

Autonomous Vehicles– Who says congress is always behind the technology curve.  This past week they passed a bill to help facilitate the development and dissemination of self-driving cars. Now if only they’d do something about high school biology students using $50 CRISPR gene editing kits.   Pardon the expression, but I guess the squeaky wheel gets the grease.

Coming Attractions–I’ll be attending the Emotional AI summit, hosted by Affectiva at the MIT Media Lab this week.  Look for reports and a podcast soon thereafter.

A reminder that the Seeking Delphi™ podcast is available on iTunesPlayerFM, blubrry , and has a channel on YouTube.  You can also follow us on Facebook.

The Future This Week: September 4, 2017

“Before we work on artificial intelligence why don’t we do something about natural stupidity?” —Steve Polyak

Is this our fate?

There is an ominous feeling in the air about artificial intelligence this week.  It seems to be everywhere, as in “all over the news.”  Elon Musk? We hear from him on the subject every week.  But now one Vladimir Putin has even weighed in.  Both Musk and Putin have dark warnings.  And Putin’s feels a lot like Littlefinger telling Ned Stark not to trust him. Oh, and don’t forget the Chinese, as they weigh in with a massive A.I. investment.  All this as Intel announces a staggering advance in A.I. hardware.

Artificial Intelligence– Elon Musk’s warning du jour on A.I. is that it will be the most likely cause of World War Three.  He’s not worried about North Korea; he thinks that’s just bluster.  The truly hair raising part of it is that he doesn’t so much think it will be a war over A.I. as it will be a war started  by A.I. that has been empowered to make that decision itself.  These conjectures came closely on the heels of Vladimir Putin’s assertion that whomever gains a dominant position in A.I. could rule the world.   He warned that it would be extremely dangerous for any one entity to gain a monopoly.

Cue the Chinese.  They have stated a desire to take a world-leading position in A.I.  by around 2030.  To that end, Chinese internet giant Baidu has teamed up with China Life, a state-owned financial company, to create a 7 Billion Yaun (~$1 Billion US) A.I. investment fund.  The aim is to invest in small private ventures with innovative technologies.

Back in the USA, Intel has announced a new A.I. accelerator that can process 1 Trillion Operations Per Second (TOP) per Watt.  Just what China and Russia are looking for?

Autonomous Vehicles–Ford and Dominoes Pizza have announced a joint venture to test an autonomous pizza delivery vehicle. (Image left).  As 55%of respondents in a recent Gartner survey found said they wouldn’t ride in a self-driving car, I’m wondering if they’d be OK with their pizza riding in one.

 

Please don’t deliver!

How about trusting your garbage to an autonomous vehicle?  Volvo is developing a self-driving garbage truck.  I hope delivery and pickup don’t get confused.

Cryptocurrency/blockchain–Major cryptocurrencies crashed by 20% over the past two trading days of last week.   Apparently China outlawing ICO’s and the SEC questioning their legality did not help things.  I still think they are basically digital tulip bulbs.

 Undaunted by this, six multi-national banks are joining an existing project, headed by UBS to launch their own cryptocurrency, designed for securely clearing large online transactions.  They are currently in talks with regulators on a projected late 2018 launch.

A reminder that the Seeking Delphi™ podcast is available on iTunesPlayerFM, blubrry , and has a channel on YouTube.  You can also follow us on Facebook.