Keynote addresses from AI thought leaders such as Andrew Feldman (Cerebras Systems), Sahika Genc (AWS DeepRacer/SageMaker RL), MikeJordan (UC Berkeley), and Andrew Zaldivar (AI Google). Unrestricted access to the exclusive AI Business Summit's executive briefings, best practice sessions, and tutorials led by AI business pros such as Michael Radwin (Intuit), Bahman Bahmani (Rakuten), Mayukh Bhaowal (Salesforce Einstein), Yael Gozin (Pfizer), and James Manyika (McKinsey & Company). Deep dive tutorials, including Jason Dai (Intel) on building deep learning apps for big data with the Analytics Zoo AI platform; Chaoran Yu (Lightbend) on doing machine learning (ML) with Kafka-based streaming pipelines; and Justina Petraityte (Rasa) on developing intelligent AI assistants based entirely on ML with open source Rasa NLU and Rasa Core. Sessions devoted to AI Implementation, such as Anuradha Gali (Uber) on using AI to leverage 15 million trips a day on the Uber platform; Roshan Sumbaly (Facebook) on connecting the dots between the software engineering and ML development worlds; Paige Bailey's (Google) on TensorFlow 2.0's new features; and Alex Ratner (Snorkel) on building and managing training datasets for ML with open source Snorkel. Sessions focused on AI Models & Methods, including Lukas Biewald (Weights & Biases) review of how to use Keras to classify text with LSTMs and other ML techniques; and Francesca Lazzeri (Microsoft) on using AutoML to automate ML model selection and hyperparameter tuning.
The issue of robotics, artificial intelligence, and their impact on companies, economies, and society as a whole is one in which S&P Global takes great interest. I attended a recent forum on the issue sponsored by the Council on Foreign Relations in New York, and published this overview on S&P Global's Global Credit Portal. Robots aren't here to take your job. Not yet, anyway, according to experts in the field of robotics and artificial intelligence (AI) who spoke at a conference sponsored by the Council on Foreign Relations in New York. Robotics and AI have tremendous disruptive potential and positive economic contributions to make, but the elimination of vast numbers of jobs as a result--in a relatively short time--may not be on the immediate horizon, speakers at the Nov. 14 session said.
On the heels of a mostly positive jobs report from the Bureau of Labor Statistics (BLS) (4.6% unemployment is the lowest it's been in nine years), the McKinsey Global Institute (MGI) released a more sobering snapshot of the world of work. A briefing by MGI director James Manyika, compiled from the company's extensive research, took a deeper dive into employment numbers. In the United States and the 15 core European Union countries (E.U.-15), there are 285 million adults who are not in the labor force--and at least 100 million of them would like to work more. Some 30% to 45% of the working-age population around the world is underutilized--that is, unemployed, inactive, or underemployed. Manyika says that unemployment figures typically get the most attention at the expense of those who are underemployed.
The expanding population of people who aren't working a typical 9-to-5 job is fueled less by technological change and more by a stalled labor market, according to a new report. On Monday, McKinsey released an in-depth look at the freelancer economy across the United States and Europe. The report found that between 20 percent and 30 percent of workers today are engaged in some form of independent, nontraditional work, encompassing an estimated 162 million individuals in the U.S. and Europe combined. The share of workers engaged in gig work has grown over time, though relatively modestly, from about 10 percent in 2005 to almost 16 percent in 2015, according to the report. Popular notions would say that this has to do with technological advancements.