The Economist Breaking Ranks to Warn of AI’s Transformative Power

The Economist Breaking Ranks to Warn of AI’s Transformative Power

By Will Henshall

April 16, 2024 11:47 AM EDT

Technologists tend to predict that the economic impacts of their creations will be unprecedented—and this is especially true when it comes to artificial intelligence. Last year, Elon Musk predicted that continued advances in AI would render human labor obsolete. OpenAI CEO Sam Altman has written that AI will inevitably continue the shift in economic power from labor to capital and create “phenomenal wealth.” Jensen Huang, CEO of semiconductor design firm Nvidia, has compared AI’s development and deployment to a “new industrial revolution.”But while the technologists are bullish on the economic impacts […]

Industrial robots make people feel worse about jobs and themselves

Industrial robots make people feel worse about jobs and themselves

Robots may make companies more productive, as some studies have suggested, but they make people feel that their jobs have less meaning.

Researchers with the University of Groningen in the Netherlands and Colorado State University in the US recently looked into the impact of robotic automation on workers’ sense of well-being and motivation. They found that the adoption of industrial robots takes a mental toll on workers – more so for those with repetitive jobs and less so for those with non-routine responsibilities.

Add that to prior research showing robotic automation depresses wages and employment.In a paper titled "Robots, meaning, and […]

The Intersection of IoT and Robotics: Transforming Industries and Workforce

The Intersection of IoT and Robotics: Transforming Industries and Workforce

iot in robotics The integration of IoT in robotics is not just about connecting devices; it’s about creating intelligent systems that can adapt and learn from their environment. These interconnected robotic softwares can optimize processes, predict maintenance needs, and enhance decision-making capabilities by harnessing the power of real-time data exchange and advanced AI algorithms.

From smart factories where robots collaborate with humans to optimize production lines, to autonomous vehicles navigating city streets, the possibilities are endless. As IoRT continues to advance, it promises to revolutionize industries, unlocking new levels of efficiency, safety, and innovation in the ever-evolving automation landscape. get […]

How One Tech Skeptic Decided A.I. Might Benefit the Middle Class

How One Tech Skeptic Decided A.I. Might Benefit the Middle Class

“A.I., if used well, can assist with restoring the middle-skill, middle-class heart of the U.S. labor market,” David Autor, a labor economist at the Massachusetts Institute of Technology, wrote. David Autor seems an unlikely A.I. optimist. The labor economist at the Massachusetts Institute of Technology is best known for his in-depth studies showing how much technology and trade have eroded the incomes of millions of American workers over the years.

But Mr. Autor is now making the case that the new wave of technology — generative artificial intelligence, which can produce hyper-realistic images and video and convincingly imitate humans’ voices […]

How One Tech Skeptic Decided A.I. Might Benefit the Middle Class

How One Tech Skeptic Decided A.I. Might Benefit the Middle Class

“A.I., if used well, can assist with restoring the middle-skill, middle-class heart of the U.S. labor market,” David Autor, a labor economist at the Massachusetts Institute of Technology, wrote. David Autor seems an unlikely A.I. optimist. The labor economist at the Massachusetts Institute of Technology is best known for his in-depth studies showing how much technology and trade have eroded the incomes of millions of American workers over the years.

But Mr. Autor is now making the case that the new wave of technology — generative artificial intelligence, which can produce hyper-realistic images and video and convincingly imitate humans’ voices […]

How not to talk about AI in education

How not to talk about AI in education

With AI described variously as a co-author, creator, thinker, and even a teacher, Helen Beetham urges the sector to articulate AI’s role in higher education more carefully, so that we’re not inadvertently fuelling the hype and confusion

It seems impossible not to talk about AI. Here is a story about technology that challenges universities on their own ground. It claims to have knowledge, to think, and to learn. Students can use it to write assignments, and scholars to turbocharge their research outputs. But by talking about it in the terms given by the AI industry, are we failing to […]

Mitigating AI’s effect on mental health

Mitigating AI’s effect on mental health

The burgeoning technology can have an adverse impact on workers’ wellbeing – it’s up to leaders to help counter it, says Patrick Brodie Getty Images The fear of job losses because of technology and automation, including artificial intelligence, has been with us since the 1960s. For some time, academics have predicted the decline of routine, rules-based and process-driven roles. Indeed, research within the last decade (and especially over the last year or so) has sounded ever more loudly the call that tasks and processes will be replaced by AI. Studies suggest that with the right combination of technologies most […]

India is on a path of digitalisation that is different from China and US: Soumitra Dutta, Dean of Said Business School

India is on a path of digitalisation that is different from China and US: Soumitra Dutta, Dean of Said Business School

It’s time India starts focusing on developing a truly world-class AI infrastructure in the country to reap its dividends, says the Dean of Oxford University’s Said Business School.

Soumitra Dutta says there is an urgent need for India to increase its spend on R&D and other academic research. While India may have made a mark in the software services exports, it has lagged a bit in terms of adoption of artificial intelligence (AI), says Soumitra Dutta , Dean of Oxford University ‘s Said Business School . Dutta, a professor of Indian origin, says India has to now focus on […]

Beware green colonialism

Beware green colonialism

The writer is an academic and researcher. He is also the author of Development, Poverty, and Power in Pakistan, available from Routledge The global community has not yet shown sufficient resolve to curb global warming emissions to avert catastrophic climate change. Moreover, the very effort to transition away from dirty fossil fuels to cleaner ‘green’ energy is becoming increasingly contentious.
Transitioning away from using fossil fuels is necessary, of course, yet the way this transition takes place merits careful consideration to avert worsening the existing inequities plaguing our world.
The predominant concern amongst those who define the […]

The Future of Work and the Impact of Automation on Jobs in Gig Economy in Thailand: A Review of Literature

The Future of Work and the Impact of Automation on Jobs in Gig Economy in Thailand: A Review of Literature

Keywords:

Future of Work, Automation, Gig Economy, Thailand Abstract

Purpose: This article aims to analyze the diverse factors that exert a substantial impact on Thailand’s gig economy. The factors encompassed in this discussion comprise the potential ramifications of automation, the emergence of novel employment prospects, and the significance of education, labor, and collaboration between industry and academia. Methodology: The authors systematically organized the data to identify patterns, with an emphasis on automation, job creation, and education-industry collaboration. The authors investigated the potential impact of automation on the gig economy, the possibility of job displacement and the need for […]