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How AI could create a world of haves and have nots 7wData

#artificialintelligence

Artificial intelligence is all over the news, with tech titans arguing over whether it will be a force for good or bad. An equally important question is whether AI will stratify society even more, and create a world of haves and have nots. AI is already impacting multiple industries and will take over many blue collar and white collar jobs in the years to come. The speed and severity with which this happens are what creates the biggest challenges for the US and countries around the world. Add to this the geopolitical implications, recently outlined in an important op ed by Kai Fu Lee, and even weak AI can be seen as a scary thing.


How AI could create a world of haves and have-nots

#artificialintelligence

Add to this the geopolitical implications, recently outlined in an important op-ed by Kai Fu Lee, and even weak AI can be seen as something scary. We need to be proactive and create alternative career paths for people as AI impacts jobs and takes away many employment opportunities. But as autonomous vehicles run by AI take over for taxi drivers (and make transportation more reliable and faster while opening up spaces currently occupied by parking garages) and robots with AI take over all but the most specialized work on factory floors (reducing production costs, which will hopefully translate into less-expensive goods), blue collar workers will have few alternatives positions to pivot to. Added to all of this are the foreign policy implications of AI, which Kai Fu Lee addresses insightfully in his recent piece.


How AI could create a world of haves and have nots

#artificialintelligence

Artificial intelligence is all over the news, with tech titans arguing over whether it will be a force for good or bad. An equally important question is whether AI will stratify society even more, and create a world of haves and have nots. AI is already impacting multiple industries and will take over many blue collar and white collar jobs in the years to come. The speed and severity with which this happens are what creates the biggest challenges for the US and countries around the world. Add to this the geopolitical implications, recently outlined in an important op ed by Kai Fu Lee, and even weak AI can be seen as a scary thing.


Artificial Intelligence Replacing Management at World's Largest Hedge Fund

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Various estimates suggest the American employment mill could shrink by 30% by the year 2025. The United Nations' assessment is even grimmer. They project two-thirds of the human workforce will be replaced in the next decade. Usually, the major sectors included in these loss reports are manufacturing, retail, and blue collar jobs. However, a new analysis suggests white collar jobs are not immune, and now the world's largest hedge fund is replacing its managers with artificial intelligence. The firm Bridgewater Associates, which manages $160 billion worth of assets, tasked a team of its engineers with creating AI software that can automate decision-making and eliminate emotion from financial analysis.


AI and automation are about to implode blue collar jobs

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It is difficult not to view Donald Trump's administration, regardless of its politics, as combative towards at least some portion of the American public. Unlike previous presidents who ultimately relied on messages that conveyed some attempt -- real or theatrical -- at national unity, Trump's team has decided to draw very clear lines between his supporters and everyone else. Whether it is the press, "radical Islam," or the "politically correct," Trump's style of leadership appears to rely on scapegoats. This bitter political ideology will likely be ineffective in guiding the country through the next decade of developments in the economy. As artificial intelligence, robotics, and new forms of automation continue to flourish, the forms of work that millions of Americans rely on are at risk.


Artificial Intelligence Gets A Job At World's Largest Hedge Fund

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A computer software algorithm will decide the day-to-day management at Bridgewater Associates LP, the world's largest hedge-fund firm. The global labour force is being replaced and managed by artificial intelligence and robotic automation. Various estimates suggest the American employment mill could shrink by 30% by the year 2025. They project two-thirds of the human workforce will be replaced in the next decade. Usually, the major sectors included in these loss reports are manufacturing, retail, and blue collar jobs.


Artificial Intelligence Replacing Management at World's Largest Hedge Fund

#artificialintelligence

Various estimates suggest the American employment mill could shrink by 30% by the year 2025. The United Nations' assessment is even grimmer. They project two-thirds of the human workforce will be replaced in the next decade. Usually, the major sectors included in these loss reports are manufacturing, retail, and blue collar jobs. However, a new analysis suggests white collar jobs are not immune, and now the world's largest hedge fund is replacing its managers with artificial intelligence.


Researchers: AI Could Take Over Much More Than Blue Collar Jobs

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Over the past few decades, smart machines and robots have taken on numerous manual labor jobs, and developments are showing no signs of stopping. Where does this leave the future of the work force? Surely only blue collar jobs are at risk, right? In a new study, father-and-son Richard and Daniel Susskind, information technology researchers, sought to debunk the standing belief that some human experts--like doctors, lawyers, and accountants--cannot be replaced by robots equipped with artificial intelligence (AI). The belief is maintained by the claim that there's just some things too tricky for robots, like subjective judgement, creativity, and empathy.