Lifeboat Foundation

In other words, the mix of positives and negatives puts this potent new suite of technologies on a knife-edge. Do we have confidence that a handful of companies that have already lost public trust can take AI in the right direction? We should have ample reason for worry considering the business models driving their motivations. To advertising-driven companies like Google and Facebook, it’s clearly beneficial to elevate content that travels faster and draws more attention—and misinformation usually does —while micro-targeting that content by harvesting user data. Consumer product companies, such as Apple, will be motivated to prioritize AI applications that help differentiate and sell their most profitable products—hardly a way to maximize the beneficial impact of AI.

Yet another challenge is the prioritization of innovation resources. The shift online during the pandemic has led to outsized profits for these companies, and concentrated even more power in their hands. They can be expected to try to maintain that momentum by prioritizing those AI investments that are most aligned with their narrow commercial objectives while ignoring the myriad other possibilities. In addition, Big Tech operates in markets with economies of scale, so there is a tendency towards big bets that can waste tremendous resources. Who remembers IBM’s Watson initiative? It aspired to become the universal, go-to digital decision tool, especially in healthcare—and failed to live up to the hype, as did the trendy driverless car initiatives of Amazon and Google parent Alphabet. While failures, false starts, and pivots are a natural part of innovation, expensive big failures driven by a few enormously wealthy companies divert resources away from more diversified investments across a range of socially productive applications.

Continue reading “Big Tech’s Stranglehold on Artificial Intelligence Must Be Regulated” »

Quartz is a guide to the new global economy for people in business who are excited by change. We cover business, economics, markets, finance, technology, science, design, and fashion.

Accelerating norway towards a low-carbon economy — bjørn kjærand haugland, co-founder and CEO, skift.

Bjørn Haugland is the co-founder and Chief Executive Officer of SKIFT Business Climate Leaders (https://www.skiftnorge.no/english), a Norwegian business-led climate initiative with a mission to accelerate the transition to a low-carbon economy and support the government in delivering on its national climate commitments by 2030. The coalition hopes to demonstrate, to businesses and the government, the business potential that exists in the low-carbon economy and help drive the transition.

Continue reading “Bjørn Haugland — Co-Founder and CEO — SKIFT Business Climate Leaders” »

The typical Australian will change careers five to seven times during their professional lifetime, by some estimates. And this is likely to increase as new technologies automate labor, production is moved abroad, and economic crises unfold.

Jobs disappearing is not a new phenomenon—have you seen an elevator operator recently? – but the pace of change is picking up, threatening to leave large numbers of workers unemployed and unemployable.

New technologies also create new jobs, but the skills they require do not always match the old jobs. Successfully moving between jobs requires making the most of your current skills and acquiring new ones, but these transitions can falter if the gap between old and new skills is too large.

Giant Golden Asteroid Could Make Everyone On Earth a Billionaire.
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Out there in space, right now above our heads, is a wealth of knowledge. And in this case, we mean that literally. Believe it or not, in our very solar system, there is an asteroid that is thought to be the remnants of a planet core. And that means that all those pricey metals that we have to dig for here on Earth, are exposed, and ripe for the taking. Estimates put this giant space faring gold mine at 10000 quadrillion dollars, and who knows, if we can get up there to explore it up close, we may find that it is worth even more. What would this do to our economy? Just how rich would this make everyone on earth if it was split evenly? Are there any missions planned to get up there? Oh, we got your answers right here. In today’s video we are getting scientific, while making sure to not skimp out on the riches, so we can give you the scoop on this nearby, giant, golden asteroid. If it piques your interest, you’re not alone. None other than Elon Musk has made comments about his thoughts on mining this bad boy, and considering SpaceX will be the company that supports NASA in this quest, you better believe it’s something we should all take seriously. It would bring all new meaning to the phrase, the rich only get richer. So sit back, relax, and get ready to countdown from ten, as we fire all the thrusters and blast off into the final frontier to give you the scoop on the absurd amount of gold floating around in our solar system.

Continue reading “Elon Musk Is Mining A Golden Asteroid Worth $700 Quintillion” »

Rising life expectancy and falling birth rates mean the world’s average person is getting older. It also means they will be working a lot longer. How people cope with this reality will be vital to the global economy, and perhaps an historic opportunity to rethink the future of work.

Presented by Intuit.

Continue reading “Why Retirement Will Soon Be a Thing of the Past” »

AI is entering take-off mode just as we exit an economic downturn caused by the pandemic. Get ready for a productivity boom.

Now businesses, start-ups and their backers are eyeing an even bigger bonanza in the form of the next generation of seniors. The market opportunities will shift to the development of products and services through a greater adoption of emerging technology to provide preventive health care, and help people to live in their homes for longer, plus increase independence and well being.

Opportunities in China’s elderly health care will shift to the development of tech-based products and services to help people live longer in their homes and increase their independence and well being.

We hand out cash freely to some people, while we plague others with fraudulent debt notices that may cripple financially, with dire ultimate consequences.

There is a case to be made for a universal basic income (UBI) — an unconditional payment to everyone that ensures the basics of life are catered for. It may give people security to leave a bad situation, or freedom to pursue a new future. No conditions means no bureaucracy, which improves productivity and efficiency, and the universal nature of UBI means even conservatives can get on board.

But how to afford such a payment? Surely giving away free money would blow the budget?

Continue reading “With jobkeeper back on the table, it’s once again a good time to talk about how we should deal with welfare as a country” »