Heather Stewart, Joint Political Editor of the Guardian (British Newspaper)
Global economy will be transformed over next 20 years at risk of growing inequality, say analysts
A “robot revolution” will transform the global economy over the next 20 years, cutting the costs of doing business but exacerbating social inequality, as machines take over everything from caring for the elderly to flipping burgers, according to a new study.
As well as robots performing manual jobs, such as hovering the living room or assembling machine parts, the development of artificial intelligence means computers are increasingly able to “think”, performing analytical tasks once seen as requiring human judgment.
Tech companies are trying to hasten the spread of the digital revolution, but a new study suggests it could do more harm than good.
As the New York Timeswrites, this contradicts some of the assumptions behind Silicon Valley efforts to spread Internet access to poorer nations, such as Google’s Internet-by-balloon effort, Project Loon, and Facebook’s subsidized Internet service,Internet.org. In India, Facebook’s effort, which provides only limited access to the Internet beyond the social network, has indeed already come in for some severe criticism.
It also seems like an important counter to an overarching philosophy of techno-optimism that sometimes seems to pervade the tech industry. Richer countries need to bear this in mind as well. The spread of more advanced digital technologies like artificial intelligence and robotics could start giving some companies huge advantages, while eradicating or fundamentally changing many jobs.
By Martin Ford who is author of Rise of the Robots and The Lights in the Tunnel two books about AI, job automation & the future economy.
In this talk recorded at the RSA, leading expert on AI and the robotics revolution Martin Ford offers both an exploration of this new technology and a call to arms to face its radical implications. The world is being transformed by a profound technological revolution, dominated by digital – a second machine age. Digital technology is changing all our lives, work, society and politics. It is clear that unless we radically reassess the fundamentals of how our economy and politics work, we risk a future of massive unemployment and inequality.