Will the sharing economy disrupt the banking industry?

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In the same way that it has torn apart newspapers, radio and the postal service, Bank of England Governor Mark Carney worries that technology will disrupt the banking and financial services industry.  His biggest concern is governments will fail regulate it until it’s too late – “an Uber-type situation,” as he said at the World Economic Forum in Davos last week. Continue reading… “Will the sharing economy disrupt the banking industry?”

Microsoft’s Eric Horvitz contradicts Musk, Hawking, Gates, says artificial intelligence not a threat

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Microsoft head of research Eric Horvitz says, in contrast to what others, such as Elon Musk and Stephen Hawking have said, that even though machines will likely achieve a human-like consciousness but do not pose a threat to the survival of mankind. Continue reading… “Microsoft’s Eric Horvitz contradicts Musk, Hawking, Gates, says artificial intelligence not a threat”

The Associated Press wrote 10X more articles using robots

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If you thought that journalist was not on the list of professions replaceable by robots, think again.  The Associated Press, America’s oldest 24-hour news agency, produced roughly 3,000 articles on company earnings last quarter, 10 times more than it used to, by using automated technology. Continue reading… “The Associated Press wrote 10X more articles using robots”

Germany is reserving part of autobahn for driverless car testing

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Germany’s Transportation Ministry spokesman Ingo Strater told reporters yesterday that plans call for a driverless-car pilot project on a portion of the A9 autobahn, the north-south artery that connects Munich and Berlin.  Though tests have already been done on driverless cars in the U.S. and Germany, the project would be one of the first to equip a stretch of public highway specifically for that purpose. Continue reading… “Germany is reserving part of autobahn for driverless car testing”

Foxconn wants to use robots to lower cost of smartphones

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Foxconn, one of the largest private employers in the world with 1.3 million workers, makes many of the smartphones and tablets used today, including Apple iPhones and iPads, and some android smartphones.  The CEO of Foxconn has indicated that he wants to reduce the workforce by using robots.  Continue reading… “Foxconn wants to use robots to lower cost of smartphones”

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