Sunday, 9 October 2016

The Economic Singularity with Calum Chace

Have a little time on my hands these days, I went to see a presentation hosted by the London Futurists concerning the impact of artificial intelligence on the world economy. Chace is the author of two books concerning AI:


The first concerns what he terms the technical singularity. This is where AI becomes smarter than humans, attains consciousness, etc. The second book, the main subject of the presentation, concerns the impact of current AI developments on work and society. Jobs that we currently consider safe today, lawyers, truck drivers, doctors, etc. will be replaced by neural network-based AI's. This will lead to social instability and calls for economic reform, leading to a basic universal income state, with AI, or AI supported elites, making the decisions. Sounds awful. The banality of the future.

Back in the real world, the Oxfam shop has been flourishing due to the new precinct opening nearby, what Mark called The John Lewis Effect. "We're a Destination shop now", he proclaimed, to mutual joviality.

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