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How nine digital front-runners can lead on AI in Europe

#artificialintelligence

Globally, researchers are working to discover how artificial intelligence (AI) can be usefully applied across a range of commercial and public-sector situations. Much of the most exciting work is taking place in tech clusters, particularly in China and the United States, which are attracting some of the brightest global talent. Europe is also seeing rising levels of engagement, but not on the same scale. The onus is now on European companies and policy makers to ensure that the continent keeps pace with its peers and realizes AI's benefits across societies. If Europe is to make the most of AI, it must find a way to bring together stakeholders from across the continent.


Don't Fear AI. It Will Lead To Long-Term Job Growth.

#artificialintelligence

The COVID-19 pandemic has accelerated technological advances and the automation of many routine tasks – from contactless cashiers to robots delivering packages. In this environment, many are concerned that artificial intelligence (AI) will drive significant automation and destroy jobs in the coming decades. Just a few decades ago, the internet created similar concerns as it grew. Despite skepticism, the technology created millions of jobs and now comprises 10% of US GDP. Today, AI is poised to create even greater growth in the US and global economies.


Applying AI Towards A Better World: GDP, Jobs Growth & Less Pollution

#artificialintelligence

The economic recession that follows as a consequence of the Covid-19 crisis and in particular the demise of certain sectors of the economy (physical retail, hospitality sector, etc) means that there will be greater pressure on politicians around the world to consider how to stimulate GPD growth in the post-pandemic world. However, there are also increasing pressures on politicians to combat the threat posed by Climate Change. Are the desired objectives of GDP and employment growth as well as reducing pollution at odds with each other? What if there is a pathway to GDP growth with the creation of new jobs and yet at the same time we are able to reduce emissions of Green House Gasses (GHGs)? A report entitled "How AI can enable a sustainable future" by PWC and commissioned by Microsoft (lead authors Celine Herweijer of PWC and Lucas Joppa of Microsoft) estimates that using AI for environmental applications across four sectors – agriculture, water, energy and transport. The report estimated that such applications could contribute up to $5.2 trillion USD to the global economy in 2030, a 4.4% increase relative to business as usual.


How AI Can Help Build Resiliency for Small Businesses in a Global Economic Crisis

#artificialintelligence

In 2020, the economy is once again teetering on the edge of what some are calling a fiscal cliff. In the midst of COVID-19, a global economic crisis is threatening the livelihoods of small business owners everywhere. In ordinary times, 50 percent of small businesses go out of business in the first 5 years. In today's extraordinary times, nearly 7.5 million ( 25 percent) of small businesses in the U.S. alone have been at risk of closing permanently in a matter of months (Source: Main Street America's Small Business Survey 2020). To that end, our company immediately took steps at the outset of the pandemic to help consumers and small businesses access desperately-needed capital through four key initiatives and AI-driven innovations, such as Intuit Aid Assist and the QuickBooks Capital for Paycheck Protection Program.


Can Artificial Intelligence Help Avert The Next Financial Crisis?

#artificialintelligence

The current COVID-19 situation has alerted the world about the impending global financial crisis that we may face at the starting of this decade. It also reminded us of the Great Depression, triggered by the Wall Street crash of 1929 and last till 1939, and economic meltdown of 2007-2008 which was caused due to the collapse of Lehman Brothers (one of the biggest investment banks in the world). While such seismic scale emergencies on the economic front are rare, the financial crisis is always unfortunate. This is why experts and leaders are looking for solutions using modern technologies like artificial intelligence (AI) to mitigate any future occurrences. Since most of these financial crises happened because of stock market crashes and loosened credit lending standards, AI can play an instrumental role in the early forecast of potential market crashes and detecting faulty lending standards.


What to study: Artificial intelligence

#artificialintelligence

Artificial intelligence (AI) has been touted as a gamechanger in the future job market. In the UK alone, one in three jobs is likely to be automated or changed as a result of AI. This has created a great demand for data experts across every industry that employs the use of computer systems. According to LinkedIn's 2020 Emerging Jobs Report, the demand for AI experts has grown 74% annually over the past five years. It is now the number one emerging job.


Are We Automating STEM? - Connected World

#artificialintelligence

Software developers make up the largest STEM (science, technology, engineering, and math) occupation. Will automation impact it like everything else? New research puts a microscope on STEM jobs and their impact on automation. As I have stated many times before, STEM education directly impacts the technology sector because this is where we are training our next generation (or not), giving them the required education to drive innovation. Whether you believe it or not, young people exposed to STEM education often determines whether young people will be exposed to jobs in STEM-related fields.


July Unemployment Fell To 10.2%, 1.8 Million Jobs Added

International Business Times

The Labor Department reported Friday unemployment fell to 10.2% as the economy added 1.8 million jobs, fewer than the number added in the two preceding months likely due to an upsurges in coronavirus cases. The Bureau of Labor statistics credited an improving economy as pandemic restrictions were eased. It was the lowest level since the coronavirus pandemic induced a recession in February. The Labor Department, however, admitted data collection may be flawed because of its classification methods, and some people marked as on temporary layoff should be classified as unemployed. The misclassification for June and July was believed smaller than those for previous months.


MY TAKE: Even Google CEO Sundar Pichai agrees that it is imperative to embed ethics into AI - Security Boulevard

#artificialintelligence

It took a global pandemic and the death of George Floyd to put deep-seated social inequities, especially systemic racism, front and center for intense public debate. We may or may not be on the cusp of a redressing social injustice by reordering our legacy political and economic systems. Either way, a singular piece of technology – artificial intelligence (AI) -- is destined to profoundly influence which way we go from here. This is not just my casual observation. Those in power fully recognize how AI can be leveraged to preserve status-quo political and economic systems, with all of its built-in flaws, more or less intact.


Using AI Ethics For Good

#artificialintelligence

It took a global pandemic and the death of George Floyd to put deep-seated social inequities, especially systemic racism, front and center for intense public debate. We may or may not be on the cusp of a redressing social injustice by reordering our legacy political and economic systems. Either way, a singular piece of technology – artificial intelligence (AI) -- is destined to profoundly influence which way we go from here. This is not just my casual observation. Those in power fully recognize how AI can be leveraged to preserve status-quo political and economic systems, with all of its built-in flaws, more or less intact.