With revolutionary developments in robotics, artificial intelligence and machine learning, the concept of automation replacing human jobs is quickly becoming a reality. But there is serious debate about the consequences of automation on labour and economic markets, with a clear division between optimists and pessimists. Optimists believe that new forms of technology will lead to higher labour productivity, which in turn, will lead to economic growth and new employment opportunities, a view shared by the McKinsey Global Institute in its report "A Future that Works". The pessimists, including Silicon Valley entrepreneur Martin Ford in the book The Rise of the Robots and The Economist's Ryan Avent in The Wealth of Humans, predict that gains from productivity growth will only go to a small group, those who own the data, algorithms, and intellectual rights. The majority of working people will see their wages fall and jobs lost, according to the pessimists, leading to an oversupply of labour and decreased consumption overall.

Sources said Gandhi wants India to lead in the niche area of Artificial Intelligence which comes after software development, in which India has already won global recognition. New Delhi: Congress vice president Rahul Gandhi is headed to the United States where he is likely to address a gathering on Artificial Intelligence (AI), the science of making machines that think like humans. Gandhi, who recently returned from Norway, is gearing up for another offshore visit, this time to the Silicon Valley in the US to "expand his thoughts about artificial intelligence", party sources said. They said he might speak on the issue on September 11, after meeting technology experts. The sources said Gandhi wants India to lead in the niche area which comes after software development, in which India has already won global recognition.

As automation and artificial intelligence technologies improve, many people worry about the future of work. If millions of human workers no longer have jobs, the worriers ask, what will people do, how will they provide for themselves and their families, and what changes might occur (or be needed) in order for society to adjust? Many economists say there is no need to worry. A recent report from the International Labor Organization found that more than two-thirds of Southeast Asia's 9.2 million textile and footwear jobs are threatened by automation They point to how past major transformations in work tasks and labor markets – specifically the Industrial Revolution during the 18th and 19th centuries – did not lead to major social upheaval or widespread suffering. These economists say that when technology destroys jobs, people find other jobs.

Without a doubt, 2016 was the year'disruption' became tangible. Events like Brexit, the U.S. election and India's demonetization exercise brought home the reality we are living in a fast-changing global society where a sense of anti-establishment and rebellion is accelerating change. This shows no sign of stopping in 2017, with new technologies allowing banks to offer service levels more synonymous with hospitality than financial services, and with established technologies like artificial intelligence and robotic process automation seeing a resurgence in combination with new voice commerce models, IoT data, and robo advisors to offer more personal, more contextual and ultimately unique banking experiences for each and every one of us. In meeting with decision-making executives from the U.S to Europe, the Middle East, India and Singapore, I have compiled a clear list of trends that are dominating technology investment discussions across the globe's leading banks. In 2016 we already saw several leaders' like DBS, Santander, Wells Fargo and Bank of America roll out their chatbots, but 2017 is the year when the rebirth of this very old technology will come into its own.

Do you know how to invest globally? Guild Investment Management has decades of proven experience investing in emerging growth opportunities all over the world. Subscribe to the Guild Investment's Market Commentary today to access exclusive actionable insights with no borders. Quantum computing is a classic case of the dilemma that confronts investors who like to monitor long-term trends and themes in technology and society. Even now, quantum computing is not an investable theme.

Renowned for his concerns over artificial intelligence and its potential negative impact on humanity, tech titan Elon Musk has made his most concerning comments yet surrounding AI. It could be the cause of World War 3. In a series of tweets on Monday, the Tesla, SpaceX, Neuralink and OpenAI co-founder wrote that artificial intelligence could be the eventual cause of the next world war. May be initiated not by the country leaders, but one of the AI's, if it decides that a prepemptive strike is most probable path to victory Should be low on our list of concerns for civilizational existential risk. NK has no entangling alliances that wd polarize world into war.

Drone enthusiasts in China are scrambling to secure licenses after the government unveiled strict regulations earlier this year amid incidents involving drones straying into the flight path of aircraft.

A new research center is to be established in India to undertake foundational research in many areas of data science and artificial intelligence (AI) applicable in the Indian context, and create societal impact through multidisciplinary interactions with government, academic, research and industrial collaborators. The center, a collaboration between Robert Bosch Engineering and Business Solutions (RBEI) and the Indian Institute of Technology Madras (IIT Madras), will receive around US$0.5m per year funding for five years to carry out research in areas like deep learning, reinforcement learning, network analytics, interpretable machine learning, and domain aware AI. Its activity will include research projects, knowledge management and dissemination, developing prototypes, outreach projects, and setting up collaborative facilities and laboratories among others. The center's mandate requires interaction with industry and other universities, including international student and faculty exchanges. The objective is to advance scientific innovation for societal benefit.

Elon Musk, CEO of SpaceX and Tesla, appears during the International Space Station Research and Development Conference on July 19, 2017. A race toward "superiority" between countries over artificial intelligence will be the most likely cause of World War III, warns entrepreneur Elon Musk. The CEO of Tesla and SpaceX has been outspoken about his fears of AI, urging countries to consider regulations now before the technology becomes more widely used. The comments were sparked by comments from Russian President Vladimir Putin, who said the country leading the way in AI "will become ruler of the world," reports news site RT. "It begins," said Musk in an earlier tweet ahead of his warning about the potential risks.

Artificial intelligence is the future, not only far Russia, but for all humankind. It comes with colossal opportunities, but also threats that are difficult to predict. Whoever becomes the leader in this sphere will become the ruler of the world," Russian President Vladimir Putin said.