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The Rise of AI and Automation: Embracing the Future or Losing Out on Opportunities?

#artificialintelligence

Artificial intelligence (AI) and automation are rapidly changing the way we work and live, and it's no surprise that many are wondering how these technologies will affect employment opportunities. As machines take on more tasks traditionally performed by humans, it's natural to ask what the future of work will look like. One potential impact of AI and automation on the workforce is job displacement. Some experts estimate that up to 50% of all jobs could be automated in the next decade or two. While this may seem alarming, it's important to remember that this process has been happening for centuries and has often led to the creation of new and more advanced jobs.


Why hedge fund managers are happy to let the machines take over

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A month ago many computer-driven investors watched astonished as markets were wracked by a financial tempest, with once-hot stocks tumbling and previously shunned sectors enjoying a revival. But for Michael Kharitonov, the chief executive of San Francisco-based Voleon Group, the rapid rotation out of momentum stocks that wrongfooted many investors was "boring". The $6bn-in-assets hedge fund hardly noticed the brief but dramatic reversal. "We saw nothing," he says, with a chuckle. Voleon sees itself as at the vanguard of the next wave of quantitative investing, using machine learning to unearth patterns too faint for others to detect.


If Machines Take Over, Who Will Be in Charge?

WSJ.com: WSJD - Technology

We are hurtling toward a future where machines are taking over and, as speakers Tuesday noted, there aren't many brakes in place. Nine tech companies, including Alphabet Inc. and Tencent Holdings Ltd., are largely deciding the direction of artificial-intelligence research and implementation, said Amy Webb, founder of the Future Today Institute. "There's no switch, and nobody is in charge," Ms. Webb said. That limited group is introducing human biases into algorithms, warned Kate Crawford, co-founder of AI Now Research Institute. "In some ways, the people designing these systems are the least well-trained to think about the problems," she said.


When will machines take over insurance jobs?

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A report on artificial intelligence and automation from Allianz Global Corporate & Specialty (AGCS) has made predictions about when and how machines will take over jobs. "The potential substitution of many low- and middle-income jobs could bring extensive unemployment," according to the "The Rise of Artificial Intelligence: Future Outlook and Emerging Risks." As many as 600,000 construction jobs could be on the chopping block when they become automated by 2040, and repetitive positions like those held by postal clerks and travel agents might also become extinct. The effects of AI on insurance are already visible, said Michael Bruch, head of emerging trends at AGCS. "What you are seeing currently is that start-ups are trying to simplify the insurance business model by way of having chatbots, by having automated claims settlements," he explained, adding that tech companies like Lemonade have already changed the game in how claims are processed. "We are looking into sales and industrial sectors, and the claims sector, but also how the underwriter of the future will look. The good message is that we will substitute or replace very simple tasks, so typing in data into any systems โ€“ that can be easily automated โ€“ and we want to use more data, not only internal data, but external data, to make a faster and better adjustment or assessment of insured risks."


AI explainer: what you need to know before the machines take over

#artificialintelligence

One small molecule that helps regulate gene expression plays a big role in keeping us safe from the machinations of cancer, scientists report. In human lung cancer cells, they have shown low levels of the microRNA, miR-125a-5p, which enables the death of aberrant cells like cancer cells, correlates with high levels of the protein TIMP-1, which is already associated with a poor prognosis in patients with cancer....


How far can machines take over project management?

#artificialintelligence

Like every other industry sector, project management is being transformed by new technologies, such as big data, analytics and artificial intelligence (AI). Data already plays a pivotal role in decision-making processes, enabling project managers to track progress. So it is perhaps inevitable that the next few years will see more project management tasks being undertaken by intelligent systems. Bernard Marr, a global expert in data and author of Data Strategy, believes that we are experiencing the calm before the storm. He says: "AI is not yet widely applied in project management, but I believe this will change. We've seen a rise in the use of AI natural language virtual assistants like Siri and Cortana to co-ordinate tasks in other areas of our lives, so it is inevitable that project management will be next. "Large projects generate huge amounts of complex data that needs to be analysed and monitored to create valuable insights and predictions about a project's progress.


How artificial intelligence can solve worldwide unemployment Access AI

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Posted: 24 October 2016 By Dr. Attila Y. Ilman In the not-so-distant future, artificial intelligence and robots will take care of routine tasks. Factories will be full of robots, cars will drive autonomously and software will take care of many office tasks. Most observers expect humans to be replaced by robots and imagine a future with billions of unemployed people. These pessimists even propose new welfare systems to take care of these unfortunate humans. In reality, there is absolutely no proof with regard to the negative impact of technology on human employment. On the contrary, human history is full of examples of technology creating new job opportunities.


How artificial intelligence can solve worldwide unemployment Access AI

#artificialintelligence

In the not-so-distant future, artificial intelligence and robots will take care of routine tasks. Factories will be full of robots, cars will drive autonomously and software will take care of many office tasks. Most observers expect humans to be replaced by robots and imagine a future with billions of unemployed people. These pessimists even propose new welfare systems to take care of these unfortunate humans. In reality, there is absolutely no proof with regard to the negative impact of technology on human employment. On the contrary, human history is full of examples of technology creating new job opportunities.


Will the machines take over our jobs? Ipsos MORI Almanac

#artificialintelligence

People have always had a fascination with robots โ€“ from Da Vinci's automatons in the 15th century right the way through to Channel 4's biggest drama hit in 20 years, Humans, which is back for a second season. The power and capability of robotics and computing is increasing at pace โ€“ Google Deepmind's AlphaGo programme finally beat Lee Sedol at the game'Go' earlier this year, something programmes have aimed for since IBM's Deep Blue beat chess champion Garry Kasparov in 1995. Our fascination at this progress is certainly tinged with fear. While it may make for excellent TV, we are not comfortable with the idea of machines coming for our jobs, our partners and world domination. The robot apocalypse is still (hopefully) a while off, so rather than hiding in a bunker and waiting for the end, we should instead look to the world of chess as an example of how to make the most of technology.


GREG GUTFELD Sully could be the last of the human heroes

FOX News

First, I offer you a review of the movie "Sully" -- and don't worry, there aren't any spoilers. Because you know how the story goes: Birds hit plane. Pilot, nicknamed "Sully," lands plane on Hudson. So how do you make a movie out of something when everyone knows how it turns out? Yes, you can bring up the success of the film "Titanic," but it's not like there was actual footage of that disaster on YouTube.