Lifeboat Foundation

The article entitled “Yes Robots Will Steal Our Jobs, But Don’t Worry We’ll Get New Ones” published by Rawstory is a very Interesting Article; however, again, I see too many gaps that will need to be address before AI can eliminate 70% of today’s jobs. Below, are the top 5 gaps that I have seen so far with AI in taking over many government, business, and corporate positions.

1) Emotion/ Empathy Gap — AI has not been designed with the sophistication to provide personable care such as you see with caregivers, medical specialists, etc.

2) Demographic Gap — until we have a more broader mix of the population engaged in AI’s design & development; AI will not meet the needs for critical mass adoption; only a subset of the population will find will connection in serving most of their needs.

Read more

Lack of good Cyber Security across the net, will continue to be a key reason why AI in general will not deliver the return on new AI tech products and robots / devices. $3+ million in ranson may not be that large to mid size and large tech companies; however, it is everything to small businesses and small businesses and consumers is what keeps tech in business.

Hospital staff severely impeded in their day-to-day work.

Read more

I believe it is wonderful to think about cognitive computing. However, as a fellow CIO & CTO, I would suggest a key priority has to be focused on Cyber Security until it is resolved; or in a better position to proactively blocker would be intruders. Without a solid Cyber Security plan and model in place and operational; your cognitive computing capabilities will be worth nothing in the end once hackers are helping themselves to your IP and other information as well as your AI machines.

The news comes from the recent IBM Institute for Business Value study, “Redefining Competition: Insights from the Global C-suite Study — The CEO perspective.” Researchers interviewed more than 5,000 C-level executives worldwide about their perspectives on a variety of technology issues, including the importance of mobile solutions, cloud computing, and the Internet of Things.

Torchbearers and Market Followers.

Continue reading “Top CEOs Focusing on Cognitive Computing” »

I agree; still a lot of work to be done in order for AI to have a huge impact around taking most of the jobs away. Besides, with new technology comes new careers.

India’s finance minister isn’t worried about jobs being lost in the country’s manufacturing sector despite warnings that industrial robots will dramatically reduce the need for factory workers in coming decades.

“I still have faith in human ingenuity, that even when jobs are lost in certain sectors … more jobs will be created because of that increased economic activity in other sectors,” Arun Jaitley told CNN’s Fareed Zakaria on Sunday at the CNN Asia Business Forum in Mumbai.

Continue reading “India’s finance minister isn’t afraid of robots” »

More Intel Concerns

James Clapper tells senators the vulnerabilities in connected devices that hackers exploit can also be used for surveillance by foreign countries.

As the Internet of things has grown, so has the debate about security around it.

Continue reading “IoT Could Be Used by Spies, U.S. Intelligence Chief Says” »

I cannot wait to see the results.

Palo Alto-based Diffbot has proclaimed itself the “leading arms dealer in coming AI wars” after raising $10 million in Series A funding.

Diffbot has developed a robot that is working to organize information from all over the Web into the world’s largest database of knowledge. The robot, which works without human oversight, recognizes, reads, understands and monitors product pages, news articles, discussion forums, videos, pictures and more, according to the company. Businesses can gain access to this data when they sign up for Diffbot plans, ranging from $299 to $3,999 per month.

Continue reading “Artificial intelligence startup Diffbot raises $10 million for ambitious project” »

Again, I see too many gaps that will need to be address before AI can eliminate 70% of today’s jobs. Below, are the top 5 gaps that I have seen so far with AI in taking over many government, business, and corporate positions.

1) Emotion/ Empathy Gap — AI has not been designed with the sophistication to provide personable care such as you see with caregivers, medical specialists, etc.
2) Demographic Gap — until we have a more broader mix of the population engaged in AI’s design & development; AI will not meet the needs for critical mass adoption; only a subset of the population will find will connection in serving most of their needs.
3) Ehtics & Morale Code Gap — AI still cannot understand at a full cognitive level ethics & empathy to a degree that is required.
4) Trust and Compliance Gap — companies need to feel that their IP & privacy is protected; until this is corrected, AI will not be able to replace an entire back office and front office set of operations.
5) Security & Safety Gap — More safeguards are needed around AI to deal with hackers to ensure that information managed by AI is safe as well as ensure public saftey from any AI that becomes disruptive or hijacked to cause injury or worse to the public

Until these gaps are addressed; it will be very hard to eliminate many of today’s government, office/ business positions. The greater job loss will be in the lower skill areas like standard landscaping, some housekeeping, some less personable store clerk, some help desk/ call center operations, and some lite admin admin roles.

Continue reading “Yes, robots will steal our jobs — but don’t worry, we’ll get new ones” »

When governments value people they find creative ways of making people even more valuable in their local economies and communities. In turn, people return the compliment by contributing to the building of stronger local economies.

When governments do not value people they inadvertently create systems that stifle inventiveness and trap people in cycles of state dependency and long-term unemployment.

The Servicemen’s Readjustment Act of 1944, known informally as the G.I. Bill, is widely (across all political spectrums; around the world) considered one of the most successful pieces of legislation ever passed. It made provisions that effectively created ‘bonds’ to enable low-cost mortgages, low-interest business start-up loans, cash payments for educational return at all entry points, as well as one year of unemployment benefit for returning servicemen. Canada saw similar results for its programs of support for Second World War veterans. Few would argue that this investment in the human capital of service men and women in turn contributed enormously to the overall wealth of both nations to this day.

Read more

I have worked in both tech and in Wall Street firms. One thing about Wall Street (WS) is that WS knows legal & compliance, trading, and financials better than just about anyone. And, tech is an industry can do innovation better than just about anyone as well as build world class businesses from the ground up. So, it will be interesting to see how these 2 titan industries play out.

Banks race to beat the patent trolls—and Silicon Valley.

Read more