Tag Archive: AI

Feb 12

AI pluses versus minuses

We already know Elon Musk, South African born multi-billionaire, predicts that AI (Artificial Intelligence) will be more dangerous than North Korea And legendary physicist Professor Steven Hawking is also wary: “AI has the potential to be the worst event in the history of our civilisation” On the other hand, Microsoft co-founder Bill Gates pooh-poohs their pessimism and …

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Nov 21

AI to create millions of jobs

Professor Robert Gordon of Northwestern University, USA, says: “No invention in the last 250 years, since the first Industrial Revolution, has caused mass unemployment “Though jobs are constantly being destroyed, they are also being created in even larger numbers – there is enormous churn in the job market – at present, there is actually a …

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Nov 19

AI to spark a new productivity boom?

A new productivity boom could be sparked by AI – Artificial Intelligence? Who says so? No less than two UK government ministers Culture Secretary Karen Bradley says: “AI has the potential to improve our every day lives” – precisely what productivity improvement is all about And Business Secretary Greg Clark claims: “Huge social and economic benefits …

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Sep 16

AI will transform the future

In the early 19th century, most of the world’s population was employed on manual, back-breaking agricultural work – then automation increased the productivity of farmers more than tenfold whilst reducing their numbers from being the majority of the workforce to less than 2% – and the many outplaced moved on to new, better-paid jobs in …

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Sep 15

The coming productivity boom

Why is the American economy not as productive as it used to be? Why is US GDP growth below 2% per annum, well short of the 3.5% it averaged before the Great Recession of 2008? Bret Swanson, President of Entropy Economics, and Michael Mandel, an economist, believe ‘the long productivity drought is almost over, as …

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Sep 14

Robots to transform education

An article in The Times reported that Anthony Seldon, former headmaster of Wellington College, UK, believes: “The imminent arrival of robot teachers will herald the greatest revolution in education” “Personalised learning, facilitated by artificial intelligence, will mean that every student from Eton to the most deprived school in Blackpool, will receive education of a standard …

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Jul 17

Productivity sure aint ‘dull’

The following is a letter sent to the Sunday Times on 17 July, 2017 following an article by Andrew Marr, the broadcaster and journalist, which concludes that ‘productivity is dull’ Productivity has transformed the lives of most people in the UK What were luxuries for a select few a mere 100 years ago, if they even …

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Jul 13

AI becoming mainstream in retail

Expert systems to aid human and plant maintenance and clever OR (Operations Research) computer models (aka apps) to find optimum solutions to complex business problems have been around for over 50 years now AI (Artificial Intelligence) is just the latest moniker for much the same, albeit more powerful Retail Week recently published an article about …

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Jun 28

AI the next GPT?

PWC (Price Waterhouse Coopers), the management consultancy, claim global GDP will be some 14% higher in 2030 as a result of AI – Artificial Intelligence This is equivalent to an extra $15.7 trillion The greatest gains will be realised in China and North America Anand Rao, global leader of AI at PWC says: “The value of …

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