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The Force Awakens: Artificial Intelligence Is Coming – And It Isn’t Going to Put Poor Countries Out of Work
On a scale of polarizing topics in global development, none comes close to artificial intelligence. Everyone seems to have an opinion, and the ongoing war-of-words has drawn in everyone from Bill Gates to Elon Musk. But according to Brinda Sapra, a researcher at the Institute of Financial Management and Research, these arguments tend to gloss over the nuances of AI’s likely economic impact. In particular, she argues that alarmists and “Luddites” have overhyped the valid concerns about AI’s impact on jobs in emerging markets. She makes the case for optimism in this provocative post.
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- Technology
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Making AI Work for Africa: Why Google Must Go Local with its New Research Center in Ghana
In June, Google announced that it would open an Artificial Intelligence (AI) research center in Accra, Ghana later this year – one more sign of Africa’s vast untapped potential for AI innovation. But since developing countries will be hit hardest by manufacturing job losses caused by AI-fueled automation, Google must avoid “merely creating an African outpost for its pre-existing research efforts,” says Ghanaian entrepreneur Timothy Kotin. He explores the transformation impact that companies like Google could make if they invest in regional talent to develop locally relevant AI solutions.
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- Technology
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SEC launches a fintech hub called FinHub for Innovation and Financial Technology
The new portal will publish all the recent data from the SEC, and additionally, give a chance to start-ups to ask their very own inquiries and receive advice on the regulation of their venture.
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- Finance, Technology
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- North America
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Enterprise technology start-ups that use emerging tech to solve real-world problems
Says Nitin Gupta, co-founder, CEO and CTO at NeuroTags, “NeuroTags’ emphasis is on bringing billions of items across the merchants together to collectively fight the counterfeiting via cloud-based centralized AI-based proprietary technology.”
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- Technology
- Region
- South Asia
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Microsoft launches $40 million AI for Humanitarian Action initiative
One initiative to receive a grant from Conservation Metrics is using AI to recognize the unique sounds of elephants’ calls to track them over time. More than 100 AI for Earth grants have been awarded thus far.
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- Technology
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Viewpoint: AI Could Devastate the Developing World
Most studies of the impact of artificial intelligence on jobs and the economy have focused on developed countries such as the U.S. and Britain. But through my work as a scientist, technology executive and venture capitalist in the U.S. and China, I’ve come to believe that the gravest threat AI poses is to emerging economies.
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- Technology
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Emerging Tech Will Create More Jobs Than It Kills by 2022, World Economic Forum Predicts
There’s a lot of uncertainty right now about the future of work, and how emerging technologies will change the nature and availability of jobs in the coming years. It’s tempting and wholly reasonable to believe, as so many do, that technological advances, particularly in the areas of robotics and AI, will result in massive unemployment. At the same, technological progress could also create new opportunities and completely new forms of employment.
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- Technology
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Viewpoint: AI has far-reaching consequences for emerging markets
The US and China are predicted to capture about 70 per cent of the estimated US$15.7 trillion in wealth that AI will generate globally by 2030.
- Categories
- Technology
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