Lifeboat Foundation

Ask just about anyone on the street to describe artificial intelligence and odds are, they’ll describe something resembling the futuristic science fiction robot they’ve seen in movies and television shows. However, according to Mathematician, Linguist and Artificial Intelligence Researcher Dr. András Kornai, artificial intelligence is a reality right now, and its impact can be seen every day.

“I’d say 35 percent of the total commerce taking place on Wall Street (right now) is driven by algorithms and it’s no longer driven by humans,” Kornai said. “This is not science fiction. (Artificial intelligence) is with us today.”

What we’ve seen so far in the application of algorithm-based artificial intelligence in the financial sector is just the tip of the iceberg, Kornai said. In fact, you don’t even have to own stock to be affected by it.

“I have designed algorithms that will (determine) your creditworthiness, meaning your creditworthiness is now determined by an algorithm,” he said. “We have substituted human-decision making capabilities in favor of better algorithms to pursue this, and we have given up a huge area of human competence, and money is just one aspect of it.”

Continue reading “Artificial Intelligence Is A Big Part Of Your Life, Just Don’t Buy The Hollywood Hype” »

“The nature of work, employment, jobs, and economics will have to change over the next 35 years, or the world will face massive unemployment by 2050. This was a key conclusion of the Future Work/Technology 2050 study published in the “2015−16 State of the Future.””

Read more

http://aviationweek.com/defense/drone-angst-extends-beyond-backyard-spying

These days, it’s not hard to find someone predicting that robots will take over the world and that automation could one day render human workers obsolete. The real debate is over whether or not the benefits do or do not outweigh the risks. Automation Expert and Author Dr. Daniel Berleant is one person who is more often on the side of automation.

There are many industries that are poised to be affected by the oncoming automation boom (in fact, it’s a challenge to think of one arena that will not in some minimal way be affected). “The government is actually putting quite a bit of money into robotic research for what they call ‘cooperative robotics,’” Berleant said. “Currently, you can’t work near a typical industrial robot without putting yourself in danger. As the research goes forward, the idea is (to develop) robots that become able to work with people rather than putting them in danger.”

While many view industrial robotic development as a menace to humanity, Berleant tends to focus on the areas where automation can be a benefit to society. “The civilized world is getting older and there are going to be more old people,” he said. “The thing I see happening in the next 10 or 20 years is robotic assistance to the elderly. They’re going to need help, and we can help them live vigorous lives and robotics can be a part of that.”

Berleant also believes that food production, particularly in agriculture, could benefit tremendously from automation. And that, he says, could have a positive effect on humanity on a global scale. “I think, as soon as we get robots that can take care of plants and produce food autonomously, that will really be a liberating moment for the human race,” Berleant said. “Ten years might be a little soon (for that to happen), maybe 20 years. There’s not much more than food that you need to survive and that might be a liberating moment for many poor countries.”

Continue reading “Does The Potential of Automation Outweigh The Perils?” »

Fear of scientists “playing god” is at the centre of many a plot line in science fiction stories. Perhaps the latest popular iteration of the story we all love is Jurassic World (2015), a film I find interesting only for the tribute it paid to the original Michael Crichton novel and movie Jurassic Park.

Full op-ed from h+ Magazine on 7 October 2015 http://hplusmagazine.com/2015/10/07/opinion-synthetic-biolog…f-mankind/

In Jurassic Park, a novel devoted to the scare of genetic engineering when biotech was new in the 1990s, the character of John Hammond says:

Continue reading “h+ Magazine: Synthetic Biology — The True Savior of Mankind” »

Suggests a mechanism to be adopted for any
cryptocurrency that would alter the fee layer to
help fund a new public good.

From ABIS concept

In 2013, following a period of reflection and visioning, I imagined the possibility of completely altering the financial system as we know it. This vision, known as ABIS, will now see its first-ever implementation.

The implementation is now being issued in BCN’s GUI Wallet with the release of v. 1.0.8, where the transaction has been re-envisioned to allow the user new ways to explore the possibilities of transactions and realize greater giving potential, initially through two use cases involving unique forms of donations:

Continue reading “A Greater Giving Potential: Introducing Micro-Donations in Bytecoin” »

Money is the primary mechanism for storing and exchanging value, especially in our daily purchases, and it’s heading rapidly into a faster, smarter and more mobile future. Nevertheless, the constant in the midst of change will remain levels of human trust in the proliferating forms of money. That’s because we have an ancient and abiding partnership with money and no relationship is ever sustainable without trust.

It’s a time of accelerated innovation in this field due to the rapid global expansion of digital banking, especially online and mobile financial services. However, while payments and transfer of money shift inexorably towards mobile devices as the consumer technology of choice, digital currencies expand in scope and number and online shopping begins to enter a golden age, cash is still the most successful and popular form of money ever. Its trust level, as public money backed up by a promise to pay from the government which minted and manufactured it, remains extremely high. This is evidenced by the way the Greeks turned to cash during their fiscal and monetary crisis which rocked the whole European Union, as well as by cash’s current 8.9% per annum average global growth rate. Cash is undoubtedly one of the most successful social technologies in history.

In short, the future of money will be mobile, faster in execution and settlement, and yet as heavily dependent on trust as ever. In my view, for that very reason, there’s unlikely to be a cashless world in this century. Nor is such a scenario desirable, unless you’re a fan of a Big Brother society largely dominated and dictated by multinationals more powerful than many national governments. A cashless world would subvert the economic freedom of citizens to choose the form of money and payment they want and, if that weren’t bad enough, it would lead inevitably to even further marginalisation of the world’s poor. Besides, cash is already universally trusted, instant in execution and mobile in nature (that is, just as portable as a smart phone).

That said, digital banking is here to stay and provides massive levels of convenience and efficiency. Financial institutions the world over are fiercely focused on developing omnichannel (“every channel”) strategies to provide seamless customer experiences across all their banking channels.

Continue reading “The Future of Money” »

“Apple executives have discussed their plans for an “autonomous vehicle” with officials at California’s department of motor vehicles (DMV), the Guardian has learnt.”

Read more

Our interstellar challenge is, how do we as a planet confined humans, become an interstellar species? This encompasses all human endeavors, and is vitally dependent upon interstellar propulsion physics to realize our coming of age as an interstellar species.

There are so many competing ideas on how to realize interstellar propulsion. These include chemical rockets, ion propulsion, nuclear engines, solar sails, atomic bomb pulse detonation, antimatter drives, small black holes, warp drives and much more.

How do we sift through all these competing ideas?

For his objectivity and courage in stating that mathematics has become so sophisticated that it can now be used to prove anything, I have named the approach to solving this interstellar challenge the Kline Directive, in honor of the late Prof. Morris Kline.

Continue reading “Becoming an Interstellar Species” »