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AI will 'exacerbate' wealth inequality and help ultra-rich: Ex-Google exec

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A dress worn this week by Democratic Congresswoman Alexandria Ocasio-Cortez (D-NY), which bore the message "tax the rich," set off a wave of debate over how best to address wealth inequality, as Congress weighs a $3.5 trillion spending bill that includes tax hikes on corporations and high-earning individuals. The debate coincides with the ongoing pandemic in which billionaires, many of whom are tech company founders, have added $1.8 trillion in wealth while consumers have come to depend increasingly on services like e-commerce and teleconference, according to a report released last month by the Institute for Policy Studies. In a new interview, artificial intelligence expert Kai Fu-Lee -- who worked as an executive at Google (GOOG, GOOGL), Apple (AAPL), and Microsoft (MSFT) -- attributed the rise of wealth inequality in part to the tech boom in recent decades, predicting that the trend will worsen in coming years with the continued emergence of AI. "We can just already see all the internet companies," says Lee, the co-author of a new book entitled "AI 2041: Ten Visions for Our Future." "Without AI, they probably would be only worth half of what they're worth, because AI helped them monetize." "When it's simultaneously making a small number of people ultra-rich and making many people jobless," he says.


The latest chapter in a 100-year study says AI's promises and perils are getting real

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A newly published report on the state of artificial intelligence says the field has reached a turning point where attention must be paid to the everyday applications of AI technology -- and to the ways in which that technology are being abused. The report, titled "Gathering Strength, Gathering Storms," was issued today as part of the One Hundred Year Study on Artificial Intelligence, or AI100, which is envisioned as a century-long effort to track progress in AI and guide its future development . AI100 was initiated by Eric Horvitz, Microsoft's chief scientific officer, and hosted by the Stanford University Institute for Human-Centered Artificial Intelligence. The project is funded by a gift from Horvitz, a Stanford alumnus, and his wife, Mary. The project's first report, published in 2016, downplayed concerns that AI would lead to a Terminator-style rise of the machines and warned that fear and suspicion about AI would impede efforts to ensure the safety and reliability of AI technologies.


10 Amazing Benefits of Artificial Intelligence You Must Know

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AI refers to a computer system that is trained to perform tasks with human-like abilities, especially cognitive abilities. The training process includes repetitive exposure to the same elements until the computer can recognize and recall those elements in future. As the computer learns, it also acquires the ability to self-correct and reason. The AI market is still growing. Predictions show that by 2026, demand for AI will reach over $300 billion.


Types Of Artificial Intelligence Technologies - ONPASSIVE

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In 1955, the term "artificial intelligence" was developed to describe a new branch of computer science. As the market for AI technology grows in demand and flourishes, it swiftly and drastically alters numerous aspects of our everyday lives. Several start-ups and internet behemoths are vying for their purchase. We will cover the top 8 Artificial Intelligence Technologies that everyone should be aware of in this post. Let's understand what Artificial Intelligence is? Artificial intelligence allows a computer system to be taught and then apply what it has learned to new data.


11 power players leading artificial intelligence at Microsoft, helping guide CEO Satya Nadella's grand pivot to AI

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Since Satya Nadella became CEO of Microsoft in 2014, the company has doubled down on its efforts to become a leader in artificial intelligence. As with most tech giants, Microsoft uses the technology to power its own products, like the Office 365 productivity suite and the workplace chat app Teams. But it also has a thriving business reselling its AI capabilities to other developers, through its Azure Cognitive Services platform, where it sells core algorithms for natural language processing and image recognition. Artificial intelligence is an arena where Microsoft competes fiercely with Amazon and Google, both in its own products and sold as cloud services. More advanced algorithms, or their more creative application, can brand one company's product as a category leader and the rest as followers.


Money and mind control: Big Tech slams ethics brakes on AI

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SAN FRANCISCO (REUTERS) - In September last year, Google's cloud unit looked into using artificial intelligence (AI) to help a financial firm decide whom to lend money to. It turned down the client's idea after weeks of internal discussions, deeming the project too ethically dicey because the AI technology could perpetuate biases like those around race and gender. Since early last year, Google has also blocked new AI features analysing emotions, fearing cultural insensitivity, while Microsoft restricted software mimicking voices and IBM rejected a client request for an advanced facial-recognition system. All these technologies were curbed by panels of executives or other leaders, according to interviews with AI ethics chiefs at the three US technology giants. Reported here for the first time, their vetoes and the deliberations that led to them reflect a nascent industry-wide drive to balance the pursuit of lucrative AI systems with a greater consideration of social responsibility.


Microsoft chooses Spain for new Artificial Intelligence research centre

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Microsoft chooses Barcelona in Spain for new Artificial Intelligence research centre. The multinational giant Microsoft have announced that they are set to open a logistics hub in Barcelona. The hub will focus on the research and development of Artificial Intelligence models, and it will be the first of its kind in Spain. The hub will initially house 30 people but it is expected that over the next few years the number of staff will grow to over 100 employees. The Barcelona hub is expected to be one of eight research centres across the world that will be home to a Web Experiences Team.


Can artificial intelligence make software development more productive?

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The idea that software can be developed by artificial intelligence without requiring a human developer opens a world of possibilities -- and questions. Software development AI applications are targeted mainly at developers, promising to act as'co-pilots', and making them more productive. Could this be taken even further to the point where developers are not required at all? What benefit could it have for business users? Having recently been granted preview access to the OpenAI Codex application, Ravi Sawhney took it on a tour through the lens of a business user.


Google and Microsoft are creating a monopoly on coding in plain language

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Sometimes major shifts happen virtually unnoticed. On May 5, IBM announced Project CodeNet to very little media or academic attention. CodeNet is a follow-up to ImageNet, a large-scale dataset of images and their descriptions; the images are free for non-commercial uses. ImageNet is now central to the progress of deep learning computer vision. CodeNet is an attempt to do for Artifical Intelligence (AI) coding what ImageNet did for computer vision: it is a dataset of over 14 million code samples, covering 50 programming languages, intended to solve 4,000 coding problems.


Microsoft to teach Artificial Intelligence to students of Madhya Pradesh schools

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In the new era of technology Artificial Intelligence (AI) is the next big thing. Keeping this in mind, at least 53 schools in Madhya Pradesh will teach students of classes 8 and 9 Artificial Intelligence (AI) from this academic session (2021-22). The Madhya Pradesh State Board of Open School Education is set to launch the study of emerging technology artificial intelligence (AI) as separate subjects in the school curriculum. For this, global tech giant Microsoft has been hired to teach the students and also train state teachers to enhance their understanding of Artificial Intelligence (AI). Around 1,500 teachers and over 40,000 students will be benefitted from this project.