The field of artificial intelligence (AI) strives to build rational agents capable of perceiving the world around them and taking actions to advance specified goals. Put another way, AI researchers aim to construct a synthetic homo economicus, the mythical perfectly rational agent of neoclassical economics. We review progress toward creating this new species of machine, machina economicus, and discuss some challenges in designing AIs that can reason effectively in economic contexts. Supposing that AI succeeds in this quest, or at least comes close enough that it is useful to think about AIs in rationalistic terms, we ask how to design the rules of interaction in multi-agent systems that come to represent an economy of AIs. Theories of normative design from economics may prove more relevant for artificial agents than human agents, with AIs that better respect idealized assumptions of rationality than people, interacting through novel rules and incentive systems quite distinct from those tailored for people.

To realize the full potential of the Internet of Things, businesses need to move beyond short-sighted use cases and consider its broader impact on the world. The content on this page was provided by our sponsor, Teradata. The MIT SMR Editorial Staff was not involved in the selection, writing or editing of the content on this page. Most business and technology leaders today agree that the Internet of Things (IoT) represents an unprecedented opportunity in terms of ground-breaking insights and entirely new ways to understand and engage with both customers and "things." But in actuality, IoT's full promise has thus far failed to materialize, in part because of the narrow ways in which organizations define and pursue the potential capabilities.

Writing in the Times Higher Education, Professor Rose Luckin gives four reasons why higher education needs to embrace the positives of Artificial Intelligence (AI) and not just focus on the negatives. To view this article, you need to register with the Times Higher Education. Please note that registration is free.

Customers buy from people who help them make an informed decision without all the headaches and in today's business environment that requires you to shift from analogue to a social selling mindset. So you are not bouncing along with random acts of social you will need buy-in from the top. Tim Hughes will go into detail about what that needs to look like for you and your team and how you can ensure you you are using the right drivers to gain your leadership's yes. Social selling requires building relationships, communities and influencers, and educating buyers, both of which take time. Therefore we have to change the way we think about the costs associated with social sales.

What trends are truly inevitable? Our latest Freakonomics Radio episode is called "The Future (Probably) Isn't as Scary as You Think." Internet pioneer Kevin Kelly tries to predict the future by identifying what's truly inevitable. How worried should we be? Yes, robots will probably take your job -- but the future will still be pretty great. Below is a transcript of the episode, modified for your reading pleasure. For more information on the people and ideas in the episode, see the links at the bottom of this post. And you'll find credits for the music in the episode noted within the transcript. When you try to envision the future, what do you see? Do you see a grim picture? A world, perhaps, in which humans have become marginalized? Where technologies created to help us have gained the upper hand? The film industry takes a rather dim view of the future, doesn't it? KEVIN KELLY: Indeed, I can't think of a single Hollywood movie about the future on this planet that I want to live in.

I have recently been on Twitter too much, and I tweet a lot about plastic surgery. I am also fascinated by #ai and #machinelearning, and have had some interesting discussions. In order to clarify some of my tweets and thoughts, I wrote this article. How is it Being Used in Life Today? How Is It Being Used in Medicine Today?

Artificial intelligence could improve diagnostic power of lung function tests European Lung ... IBM Watson AI Creates a Trailer for'Morgan' & It Is Creepy Russia: Neural network food app Borsch launches; Mail.ru invests in IT education;GetIntent plans ...

One day the AIs are going to look back on us the same way we look at fossil skeletons on the plains of Africa. An upright ape living in dust with crude language and tools, all set for extinction. Ex Machina, a Hollywood blockbuster made on a 15 million budget, tells the story of a programmer who is invited by his employer, the eccentric billionaire Nathan Bateman who built a fictional search engine called Blue Book, to administer the Turing test to an android with artificial intelligence, which essentially determines whether a computer can trick a human into believing she is having a conversation with another human. Everything in our online life is indexed. Every idle tweet, status update, or curious search query feeds the Google database.

Artificial intelligence could improve diagnostic power of lung function tests European Lung ... IBM Watson AI Creates a Trailer for'Morgan' & It Is Creepy IBM's Watson AI creates trailer for AI movie'Morgan'

Artificial intelligence could improve diagnostic power of lung function tests European Lung ... IBM Watson AI Creates a Trailer for'Morgan' & It Is Creepy Russia: Neural network food app Borsch launches; Mail.ru invests in IT education;GetIntent plans ...