The economics of artificial intelligence

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Rotman School of Management professor Ajay Agrawal explains how AI changes the cost of prediction and what this means for business.

With so many perspectives on the impact of artificial intelligence (AI) flooding the business press, it’s becoming increasingly rare to find one that’s truly original. So when strategy professor Ajay Agrawal shared his brilliantly simple view on AI, we stood up and took notice. Agrawal, who teaches at the University of Toronto’s Rotman School of Management and works with AI start-ups at the Creative Destruction Lab (which he founded), posits that AI serves a single, but potentially transformative, economic purpose: it significantly lowers the cost of prediction.

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The era of fake video begins

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The digital manipulation of video may make the current era of “fake news” seem quaint.

In a dank corner of the internet, it is possible to find actresses from Game of Thrones or Harry Potter engaged in all manner of sex acts. Or at least to the world the carnal figures look like those actresses, and the faces in the videos are indeed their own. Everything south of the neck, however, belongs to different women. An artificial intelligence has almost seamlessly stitched the familiar visages into pornographic scenes, one face swapped for another. The genre is one of the cruelest, most invasive forms of identity theft invented in the internet era. At the core of the cruelty is the acuity of the technology: A casual observer can’t easily detect the hoax.

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Five myths about artificial intelligence

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Artificial intelligence is the future. Google, Microsoft, Amazon and Apple are all making big bets on AI. (Amazon owner Jeff Bezos also owns The Washington Post.) Congress has held hearings and even formed a bipartisan Artificial Intelligence Caucus. From health care to transportation to national security, AI has the potential to improve lives. But it comes with fears about economic disruption and a brewing “AI arms race .” Like any transformational change, it’s complicated. Perhaps the biggest AI myth is that we can be confident about its future effects. Here are five others.

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Google exec issues warning over future of AI

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Google co-founder Sergey Brin sent the message in a letter to Alphabet shareholders (Source: Getty)

One of Google’s top execs and president of Alphabet Sergey Brin has raised concerns about the AI revolution in a letter to Alphabet’s shareholders.

In his annual letter sent to shareholders of Google umbrella organisation Alphabet yesterday, Brin said that “new questions and responsibilities” had been raised about the potential of AI.

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This AI can automatically animate new Flintstones cartoons

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The Flintstones, a cartoon about life in the Stone Age, has just surpassed The Jetsons, a cartoon about life in the distant future, when it comes to technological innovation. Researchers have successfully trained artificial intelligence to generate new clips of the prehistoric animated series based on nothing but random text descriptions of what’s happening in a scene.

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Face-swapping videos could lead to more ‘fake news’

IMG_6453Fake news has been a problem swamping the internet. Now there is a way to make fake videos with nothing more than your laptop. FakeApp can be used to make fake videos of people using images or other videos of them. Several social media platforms are filled with these deepfakes. While the technology still needs works, it’s been used to put celebrities into pornographic films. What would happen if world leaders became digital puppets? Following is a full transcript of the video.

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Who’s a good AI? Dog-based data creates a canine machine learning system

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We’ve trained machine learning systems to identify objects, navigate streets and recognize facial expressions, but as difficult as they may be, they don’t even touch the level of sophistication required to simulate, for example, a dog. Well, this project aims to do just that — in a very limited way, of course. By observing the behavior of A Very Good Girl, this AI learned the rudiments of how to act like a dog.

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This data startup uses artificial intelligence to figure out if your roof is in decent shape

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When you first buy a house, your insurance company doesn’t know very much about it or how much insuring it will cost. That’s because it first has to send out an inspector to look at the exterior of your house, take measurements, and check out your roof to see what kind of shape it’s in.

Cape Analytics, a Mountain View-based data analytics startup, aims to change all that. Its API-pipeline can feed an insurance company information about a house’s exterior square footage, roof type, roof condition, changes in a home and more – all thanks to the use of machine learning to analyze aerial imagery.

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How We’ll Survive When Artificial Intelligence Gets Smarter Than Us

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Physicist Max Tegmark has borne witness to the rise of artificial intelligence and insists that we start thinking about what it means for humanity—before machines decide for us.

The artificial intelligence revolution is here, and MIT physics professor Max Tegmark believes the implications are vaster than most of us imagine. Tegmark, cofounder and president of the Future of Life Institute, believes that as technology gives us the power to flourish or self-destruct, “We prefer the former.” In Life 3.0: Being Human in the Age of Artificial Intelligence, he lays out both utopian and dystopian visions of a world dominated by AI. His prescription for the day we cease being Earth’s most intelligent minds? Humility.

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Automation, New Morality and a ‘Global Useless Class’

LONDON — What will our future look like — not in a century but in a mere two decades?

Terrifying, if you’re to believe Yuval Noah Harari, the Israeli historian and author of “Sapiens” and “Homo Deus,” a pair of audacious books that offer a sweeping history of humankind and a forecast of what lies ahead: an age of algorithms and technology that could see us transformed into “super-humans” with godlike qualities.

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A new AI breakthrough will soon make it much easier to communicate with anyone in the world

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Machines are getting much better at the jobs we humans normally do.

As any translator will tell you, transforming the words from one language into another is a task that draws on an enormous reservoir of training, experience, and art.

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The incredible ways John Deere is using artificial intelligence to transform farming

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Pesticides are currently an essential ingredient of big agriculture in order to ensure we can continue to feed the ever-growing global population of our planet.

However, pesticides also carry inherent risks, such as the damage they can do to the environment and local ecosystems, and the hazards that over-exposure can pose to human health. Their production and distribution also has environmental costs, as well as financial costs to the farmers. For this reason, when they must be used, there are a lot of good reasons that they should be used efficiently, and accurately.

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