Seeing the World through Artificial Intelligence

How artificial intelligence will dominate our world

Artificial intelligence future:

Technology is shaping our world very rapidly, so much so that anyone who is not paying attention to Artificial intelligence future: job losses impact, and how it Changes our world, will undeniably be left behind

In a recent interview, Dr Dieter Zetsche, the MD of Daimler Benz (Mercedes Benz), dwelt so much on Artificial intelligence future: job losses impact, and how it Changes our world, and said their competitors are no longer other car companies but Tesla (obvious), Google, Apple, Amazon. Software will disrupt most traditional industries in the next 5-10 years. Uber is just a software tool, they don’t own any cars, and are now the biggest taxi company in the world. Artificial intelligence is really where the world is going and it isn’t slowing down either.

Artificial Intelligence

Speaking on artificial intelligence, and its acuracy thereof, he has this to say: Computers become exponentially better in understanding the world. This year, a computer beat the best Go player in the world, 10 years earlier than expected.In the US, young lawyers already don’t get jobs. Because of IBM Watson, you can get legal advice (so far for more or less basic stuff) within seconds, with 90% accuracy compared with 70% accuracy when done by humans.So if you study law, stop immediately. There will be 90% less lawyers in the future, only specialists will remain.Watson already helps nurses diagnosing cancer, 4 times more accurate than human nurses. Facebook now has a pattern recognition software that can recognize faces better than humans. In 2030, computers will become more intelligent than humans.

Autonomous Cars: Artificial intelligence changes our world, he continues: In 2018 the first self driving cars will appear for the public. Around 2020, the complete industry will start to be disrupted. You don’t want to own a car anymore. You will call a car with your phone, it will show up at your location and drive you to your destination. You will not need to park it, you only pay for the driven distance and can be productive while driving. Our kids will never get a driver’s license and will never own a car.It will change the cities, because we will need 90-95% less cars for that. We can transform former parking spaces into parks. 1.2 million people die each year in car accidents worldwide. We now have one accident every 60,000 miles (100,000 km), with autonomous driving that will drop to one accident in 6 million miles (10 million km). That will save a million lives each year

Job losses

Auto Bankrupsy looms: There will be so much job losses. Most car companies will probably become bankrupt. Traditional car companies try the evolutionary approach and just build a better car, while tech companies (Tesla, Apple, Google) will do the revolutionary approach and build a computer on wheels.Many engineers from Volkswagen and Audi; are completely terrified of Tesla.

Insurance Companies doom: Insurance companies will have massive trouble because without accidents, the insurance will become 100x cheaper. Their car insurance business model will disappear.Real estate will change. Because if you can work while you commute, people will move further away to live in a more beautiful neighborhood. This will further create more job losses.

Mainstream Electric Cars: Its burgeoning impact on job losses will be massive also on energy and automobile industries, same time changes our world. Electric cars will become mainstream about 2020. Cities will be less noisy because all new cars will run on electricity. Electricity will become incredibly cheap and clean: Solar production has been on an exponential curve for 30 years.

Changes that bring severe job losses

Auto Bankrupsy looms: There will be so much job losses. Most car companies will probably become bankrupt. Traditional car companies try the evolutionary approach and just build a better car, while tech companies (Tesla, Apple, Google) will do the revolutionary approach and build a computer on wheels.Many engineers from Volkswagen and Audi; are completely terrified of Tesla.

Insurance Companies doom: Insurance companies will have massive trouble because without accidents, the insurance will become 100x cheaper. Their car insurance business model will disappear.Real estate will change. Because if you can work while you commute, people will move further away to live in a more beautiful neighborhood. This will further create more job losses.

Mainstream Electric Cars: Its burgeoning impact on job losses will be massive also on energy and automobile industries, same time changes our world. Electric cars will become mainstream about 2020. Cities will be less noisy because all new cars will run on electricity. Electricity will become incredibly cheap and clean: Solar production has been on an exponential curve for 30 years.

Changes World

Business opportunities: If you think of a niche you want to go in, ask yourself: “in the future, do you think we will have that?” and if the answer is yes, how can you make that happen sooner?

If it doesn’t work with your phone, forget the idea. And any idea designed for success in the 20th century is doomed to failure in the 21st century.

Work: 70-80% of jobs will disappear in the next 20 years. There will be a lot of new jobs, but it is not clear if there will be enough new jobs in such a small time.

Agriculture:  There will be a $100 agricultural robot in the future. Farmers in 3rd world countries can then become managers of their field instead of working all day on their fields.

Aeroponics will need much less water. The first Petri dish produced veal, is now available and will be cheaper than cow produced veal in 2018. Right now, 30% of all agricultural surfaces is used for cows. Imagine if we don’t need that space anymore. There are several startups who will bring insect protein to the market shortly. It contains more protein than meat. It will be labelled as “alternative protein source” (because most people still reject the idea of eating insects).

More Enhanced life

There is an app called “moodies” which can already tell in which mood you’re in. By 2020 there will be apps that can tell by your facial expressions, if you are lying. Imagine a political debate where it’s being displayed when they’re telling the truth and when they’re not.

Bitcoin may even become the default reserve currency … Of the world!

Longevity: Right now, the average life span increases by 3 months per year. Four years ago, the life span used to be 79 years, now it’s 80 years. The increase itself is increasing and by 2036, there will be more than one year increase per year. So we all might live for a long long time, probably way more than 100.

Education: The cheapest smart phones are already at $10 in Africa and Asia. By 2020, 70% of all humans will own a smart phone. That means, everyone has the same access to world class education.

Every child can use Khan academy for everything a child needs to learn at school in First World countries. There have already been releases of software in Indonesia and soon there will be releases in Arabic, Suaheli and Chinese this summer. I can see enormous potential if we give the English app for free, so that children in Africa and everywhere else can become fluent in English and that could happen within half a year. See the full interview here

Job losses burgeoning impact

Job losses burgeoning impact will be very alarming. There will be so much worries, both on loss of jobs, and new jobs that would emerge as a result of AI, and would need new skills. Although there are few clear views about the precise changes that will likely to result, there are a lot of concern about how the changes would be handled. Hot on the heels of jobs are ethical concerns, many of which are linked to job losses and changes. Many  Questions on the lips of many include: what would happen to those who lose their jobs? How would regulatory and other systems need to change? How would the lag between the introduction of new technology, vis-a-vis artificial intelligence, and the necessary changes be handled? These are all big questions, and suggest that there is both a need and an appetite for some tasking conversations around the ethics and practical implications of the collosal effect of AI in our world as we journey the highway of technological advancement. On an organisational level, many respondents feel that developing trust in AIrtificial intelligence will be the biggest challenge to its uptake. This trust needed to develop both internally and externally in customer organizations. Respondents also discussed the importance of data scientists understanding business issues to improve relationships, and executives being prepared to trust decisions from algorithms, as key to broad uptake of AI. These developments might require cultural change, and would therefore take time, they opined. This recognition may explain why respondents were more optimistic about the potential of Artificial intelligence than their organization’s readiness to exploit it. This is a matter of great concern to many, but the burgeoning effect on job losses will be devastating, to say the least.

David Rotman brings the argument to the fore on how technology is destroying jobs: Automation is reducing the need for people in many jobs. Are we facing a future of stagnant income and worsening inequality? Get details of his submission here

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