Artificial Intelligence, progress and happiness

I had the pleasure of participating in Milan's FI-WARE VIP Bootcamp (4–6th May, 2016), under invitation by EBAN. There, along with several other investors and entrepreneurs, we assisted 15 startups from all across Europe to improve the structure and the presentation of their VC pitches. One of the people who actively participated, giving their full support to the event (and as a volunteer, nonetheless) was Federico Travella, founder and CEO of NoviCap, an extremely interesting venture in the "fintech" sector that came up with an innovative way of providing working capital for every kind of business. In discussion with Federico and other participants, the topic of AI was brought up, seen as a contributing factor to increasing unemployment, and through that, to social discontent and political instability. It's surely an interesting subject and is connected to the broader issue of technological progress and its social impact.