Lifeboat Foundation

Matt O’Brien argues that we should look more carefully at the economy before panicking about robots taking our jobs.

The Hong Kong startup can analyze websites and social media to take the Internet’s temperature.

The VR system from HTC and Valve comes with greater sticker shock, but also includes more stuff.

Very concerning news for the US security; we’ll see how the US responds. Remember, our largest hackers in the US is China; so we’ll need to determine what this means as well as how vulnerable we are.

http://www.globaltimes.cn/content/969692.shtml

China’s stock markets have been stabilizing in recent days after the rollercoaster ride at the start of the year. And one bright point has been stocks related to quantum communications, showing renewed investor interest in the new technology, which will play an important role in creating a safety net for the increasingly information technology-savvy economy.

Continue reading “China’s newest tech can offer quantum of security” »

I do believe that there will be some level of expansion of social services to help employees to be retrained for the new positions that are coming as well as assist lower skill workers to be retrained. However, the larger question is who should pay. Some people are saying tech should assist governments in retooling since the AI technology created the situation; others say it’s a governments issue only, etc. It will be interesting to say the least how the retraining program and other services are covered.

A leading artificial intelligence (AI) expert believes that societies may have to consider issuing a basic income to all citizens, in order to combat the threat to jobs posed by increased automation in the workplace.

Dr Moshe Vardi, a computer science professor at Rice University in Texas, believes that a basic income may be needed in the future as advances in automation and AI put human workers out of jobs.

Continue reading “Basic income may be needed to combat robot-induced unemployment, leading AI expert says” »

What will be interesting most about block chaining is when more countries drop their own traditional currency models & move to block chaining like one of the countries in Africa announced 2 weeks ago. I do know that many 2nd & 3rd world countries are finding electronic currency more appealing due to the Central Bank’s policies; however, what will be the impacts at the end of the day felt across the world as more and more 2nd & 3rd world markets switch their models. Immediately, we see risks with central banks; the question is where else (WBO, WTO, US, etc)

Many countries have experimented with price fixing and central planning over the last century. Right now, Venezuela’s government is fixing the prices of many products. This has resulted in widespread shortages of goods which we, as the lucky inhabitants of semi-free economies, take for granted.

Price fixing has failed in every area of the economy in which it has been tried. But while few serious economists would suggest that we have a team of bureaucrats set the price of rubber, wheat or coffee, we do have one sphere of the economy which is still centrally planned – our monetary system. This will fail just like all central planning fails. We are now moving into a dangerous new phase of price fixing by central banks. Having failed to stimulate economies with years of zero per cent interest rates, they are now discussing the prospect of negative interest rates (and some have even introduced them), the reductio ad absurdum of modern monetary economics.

Continue reading “How blockchain will save us from the perils of central bank price fixing” »

Although this article highlights the lack of awareness by some CEOs and board members on all things around Cyber Security; I do see a larger gap and risk. I do believe if a fully funded and dedicated joint task force effort among Silicon Valley, US Government, and Wall Street are not in place tackling this jointly to help the country and economy to diffuse this situation within the next 14 to 18 months that AI could fail in its delivery due to public’s concerns around trust and security.

Therefore, tech spent millions if not billions on new AI technology that businesses and consumers see no value in due to risks.

Some board executives still need help from a search engine to explain cyber security issues, warns report.

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See even Space gets it — the importance of great Cyber Security is needed now.

The disruption of capabilities that space assets provide would have immediate, far-reaching and devastating economic, political, and geostrategic consequences. Over the past two decades, space vulnerabilities have grown dramatically in a manner commensurate with terrestrial dependency on space-based capabilities and enablers. This is true for both civilian and military activities. Purposeful interference with space systems could rather easily trigger a retaliatory spiral of actions that could compromise a safe and secure operating environment in space. Accordingly, having available a range of measures to prevent or preempt an incident, or even full-up conflict, is of rapidly growing importance to an increasing number of countries.

The interruption of space services through a cyber attack could involve large, and possibly very complex, knock-on effects. As the space and cyberspace domains are linked operationally—space cannot exist without cyber and cyber, in some cases, without space—and they permeate all other warfighting domains (i.e. land, air, and sea), cyber-related vulnerabilities of space assets are a major concern. Global effects would be virtually instantaneous.

Continue reading “Governance challenges at the intersection of space and cyber security” »

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” »