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AI not expected to lead to net job losses - study

#artificialintelligence

A report from a Government advisory group has found that net job losses are not expected as a result of the adoption of Artificial Intelligence (AI). The Expert Group on Future Skills Needs said that many jobs will change as certain tasks are taken over by AI and that the technology has the potential to bring substantial productivity increases. It comes amid concerns that automation will lead to job displacement and unemployment as machines take over jobs once done by humans. Minister for Trade Promotion, Digital and Company Regulation Robert Troy has welcomed the publication of the report. It highlights the need for everyone, regardless of whether they work in tech or not, to have some level of knowledge and understanding of AI. "The report finds that AI is not likely to bring about a net loss of jobs, but it will replace certain tasks within many jobs over time," Mr Troy said.


Parliamentary Responses to Artificial Intelligence

#artificialintelligence

While Artificial intelligence (AI) has been developing for decades, recent years have seen increasing attention to its various societal impacts. These impacts range from positive and helpful to harmful and even life-threatening in some cases. Parliaments have responded to such developments by undertaking various programmes of work. What have they done, and what can Scotland learn from these approaches? This short review provides a snapshot of the work that various Parliaments around the world have undertaken on AI. It outlines the various approaches adopted by Parliaments and highlights common themes. In noting the key points for Scotland, it is designed to inform and guide the Scottish Parliament and others, as Scotland considers its own approach to the many opportunities and challenges AI presents. The report was written by Robbie Scarff on an internship supported by the Scottish Graduate School of Social Science. From this work, here are some key areas and questions for the Scottish Parliament to consider.


Buy Verified PayPal Accounts - Business And Personal

#artificialintelligence

The world has become a digital village; Everything is easy and accessible for almost everyone. The impact of technology has been felt in every aspect of our lives, from how we use it to how we play it. The financial industry is bigger than ever for digital technology. We can quickly spend money and make transactions from any corner of the world in just a few seconds. This is a huge achievement for mankind.


The Impact of AI on the Finance Industry - Fluid

#artificialintelligence

Over the last decade, artificial intelligence has snowballed, and no business or industry today is immune to its influence and pervasiveness. This is more evident in the financial services industry, which is constantly evolving and realizing that AI is a transformational technology.


Images Matter!

AIHub

For part of the lecture, I was preparing discussions surrounding AI and the future of work. I wanted to discuss how execution of different professional tasks were changing with technology, and what that means for the future of certain industries or occupational areas. I wanted to underline that some tasks like repetitive transactions, large scale iterations, standard rule applications are better done with AI – as long as they were the right solution for the context and problem, and were developed responsibly and monitored continuously. On the flip side, certain skills and tasks that include leading, empathizing, creating are to be left to humans – AI systems neither have the capacity or capability, nor should they be entrusted with such tasks. I wanted to add some visuals to the presentation and also check out what is currently being depicted in the search results.


3 technology trends disrupting the insurtech industry

#artificialintelligence

Though insurtechs are recognized as a disruptive force in a long-established industry, less is known about the actual technologies these companies are using to differentiate themselves from traditional competitors. The application of emerging technologies like artificial intelligence, machine learning, analytics, wearables and more, has enabled insurtechs to be years ahead of traditional insurers in many ways--including the ability to provide automated, digital solutions to end-users, more accurate pricing and underwriting, and even assist in creating healthier people and safer workplaces. As new technologies are utilized, insurtechs will continue to innovate and create efficiencies within the industry that never existed before. While I'm excited about many of the different technologies insurtechs are working with or beginning to experiment with, these are three key tech trends I believe have potential for incredible disruption in 2022 and in the years to come. ML laid the groundwork for the industry's ability to improve algorithms, while AI is enabling faster and more precise pricing and underwriting.


Elon Musk, $500,000 says you're wrong about the future of A.I.

#artificialintelligence

The authors believe Musk is overstating what “artificial general intelligence” can do—and they’re calling him on it with a little wager.


New York passes a bill to limit bitcoin mining

Engadget

New York lawmakers have passed a bill that would temporarily ban new bitcoin mining operations. Early on Friday, state senators voted 36-27 to pass the legislation. It's now bound for the desk of Governor Kathy Hochul, who will sign it into law or veto the bill. The law would come into effect immediately after it's signed. An attempt to enact similar legislation last year hit a wall when the New York State Senate passed it but Assembly members did not.


Metaverse Cities, Crypto States:

#artificialintelligence

All One Needs to Know about Metaverse: A Complete Survey on Technological Singularity, Virtual Ecosystem, and Research Agenda.


Artificial Intelligence will Make the Workplace More Human, not Less

#artificialintelligence

New AI systems have beyond-human cognitive abilities, which many of us fear could potentially dehumanize the future of work. However, by automating these skills, AI will push human professionals up the skillset ladder into uniquely human skills such as creativity, social abilities, empathy, and sense-making, which machines cannot automate. As a result, AI will make the workplace more human, not less. This is the gift of AI to Mankind. However, humans will need to change jobs and learn new skills throughout their lives.