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FUTURE TECHNOLOGY
blacksheep
post Posted: Jan 5 2018, 09:26 PM
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Visualizing the Massive $15.7 Trillion Impact of AI - http://www.visualcapitalist.com/economic-i...ntelligence-ai/

QUOTE
According to PwC’s most recent report on the topic, the impact of artificial intelligence (AI) will be transformative.

By 2030, AI is expected to provide a $15.7 trillion boost to GDP worldwide – the equivalent of adding 13 new Australias to the global economy.

A GEOGRAPHIC BREAKDOWN
Where will AI’s impact be most pronounced?

According to PwC, China will be the region receiving the most economic benefit ($7.0 trillion) from AI being integrated into various industries:

Region Economic Impact of AI (2030) % of Total
China $7.0 trillion 44.6%
North America $3.7 trillion 23.6%
Northern Europe $1.8 trillion 11.5%
Developed Asia $0.9 trillion 5.7%
Southern Europe $0.7 trillion 4.5%
Latin America $0.5 trillion 3.2%
Rest of World $1.2 trillion 7.6%
Total $15.7 trillion 100.0%
Further, the global growth from AI can be divided into two major areas, according to PwC: labor productivity improvements ($6.6 trillion) and increased consumer demand ($9.1 trillion).

INDUSTRIES MOST AFFECTED
But how will AI impact industries on an individual level?

For that, we turn to Accenture’s recent report, which breaks down a similar projection of $14 trillion of gross value added (GVA) by 2035, with estimates for AI’s impact on specific industries.

Industry 2035 GVA (Baseline) 2035 GVA (AI steady state)
Manufacturing $8.4 trillion $12.2 trillion
Professional Services $7.5 trillion $9.3 trillion
Wholesale & Retail $6.2 trillion $8.4 trillion
Public Services $4.0 trillion $4.9 trillion
Information & Communication $3.7 trillion $4.7 trillion
Financial Services $3.4 trillion $4.6 trillion
Construction $2.8 trillion $3.3 trillion
Transportation & Storage $2.1 trillion $2.9 trillion
Manufacturing will see nearly $4 trillion in growth from AI alone – and many other industries will undergo significant changes as well.

To learn more about other tech that will have a big impact on our future, see a Timeline of Future Technology.




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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
Nopoo
post Posted: Dec 12 2017, 01:23 AM
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$CONE.V Cryptocurrency & Blockchain

#blockchain #ai #bitcoin #ethereum #crypto #cryptocurrencies #tokenomics #altcoins #ito #ico #coins #tokens #capvalue #digitalcurrencies #cryptomarketcap


https://web.tmxmoney.com/article.php?newsid...;qm_symbol=CONE




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Nopoo
 
blacksheep
post Posted: Dec 6 2017, 03:04 PM
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It was AI versus Warren Buffett.

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The artificial intelligence was unleashed by Winton, the London hedge fund, to test an old principle of the Berkshire Hathaway chairman: that major acquisitions usually hurt the buyers' shareholders. Researchers collected and analysed data on almost 9,000 US deals back to the 1960s.

The result? Winton says Buffett's thesis doesn't hold up – big acquisitions don't inherently destroy value.

"It prevented us from trading on a false signal and potentially losing money," said Daniel Mitchell, who runs a team of data scientists at the $US30 billion hedge fund. Buffett didn't respond to a request for comment sent to an assistant.

Bit by bit, AI is laying a claim to the future of investing after many false dawns going back decades. Giant money managers like Two Sigma and Goldman Sachs Group and smaller players like Schonfeld Strategic Advisors have adopted it as a cornerstone strategy or research tool.

From this foothold, how far will AI go?

Man Group Luke Ellis sees a slow takeover coming. The $US103.5 billion firm in London already devotes about $US13 billion to several hedge funds using machine learning. In 10 years, it will play a role in everything Man does, from executing trades to helping pick securities at the firm's discretionary unit, Ellis, the chief executive officer, said in an interview.

"If computing power and data generation keep growing at the current rate, then machine learning could be involved in 99 per cent of investment management in 25 years," Ellis said. "It will become ubiquitous in our lives. I don't think that machine learning is the answer to everything we do. It just can make us better at a lot of things that we do."

http://www.smh.com.au/business/markets-liv...205-gzzi70.html



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Dec 5 2017, 12:10 PM
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In Reply To: blacksheep's post @ Dec 4 2017, 09:49 PM

Rio Tinto aims for "intelligent" Australian iron ore mine

QUOTE
SYDNEY, Dec 4 (Reuters) – Rio Tinto next year will seek board approval to develop an "intelligent" iron ore mine at a cost of $2.2 billion, fully incorporating technologies such as robotics and driverless trains and trucks on a single site, the company's head of iron ore said on Monday.

A feasibility study was underway to demonstrate the economics behind developing the Koodaideri mine in the Pilbara region of the state of Western Australia, said Chief Executive, Iron Ore Chris Salisbury.

http://www.mining.com/web/rio-tinto-aims-i...-iron-ore-mine/



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: Pendragon  
 
blacksheep
post Posted: Dec 4 2017, 09:49 PM
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Artificial intelligence law firm aims to roll out in remote, low socio-economic communities

QUOTE
The people of Darwin can just about take the law into their own hands, with a new legal firm going lawyer-free.

The business will use an artificial intelligence (AI) system instead, with technology its developers say will revolutionise access to legal services.

Once where a lawyer may have sat behind a desk at the law firm, is a user-friendly system called Ailira, which is short for Artificially Intelligent Legal Information Resource Assistant.


read more - http://www.abc.net.au/news/2017-11-13/arti...-darwin/9146332

The four industries making best use of artificial intelligence

Security
Finance
Marketing
Insurance
Read more: http://www.afr.com/leadership/the-four-ind...r#ixzz50I9XuYUb

What to look for when investing in Artificial Intelligence stocks
Artificial Intelligence (AI) stocks are under-valued and demand will rise as technologies such as autonomous vehicles becomes commonplace, says tech expert Marc Kennis.
https://stockhead.com.au/experts/future-aut...ai-says-expert/



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Nov 5 2017, 01:50 PM
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Second order effects
QUOTE
Consider a simple change in technology, the automated checkout, such as in Woolworths and Coles in Australia. Walmart started rolling out these automated checkouts in around 2010 at scale and the other major retailers started doing the same. The first-order effects were a loss of jobs of the people working the checkouts, and retailers reduced their costs. And if one major competitor does that, other competitors follow, otherwise their cost structure is out of line.

But what of the second-order effects? Chewing gum sales have lost 15% of their volume since the introduction of automated checkouts in the US. The checkouts have disrupted the business model of impulse purchases. People do not drive to the supermarket to buy chewing gum, but when you used to stand in those checkout lines, you would pick up some chewing gum. I think mobile phones have had a bit to do with it too, because you now do other things when you’re standing there.

.. In 1999, at the peak of the technology bubble, Warren Buffett was asked by a group of students why he doesn’t invest in technology. He said he could not predict where the internet was going but investing in a business like Wrigley will not be disrupted by technology. And look what’s happened. Wrigley sales had gone up for 50 years, every year, before this change happened.







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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

Said 'Thanks' for this post: triage  
 


nipper
post Posted: Nov 1 2017, 01:13 PM
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Science-Driven Innovation Can Reduce Wind Energy Costs by 50% by 2030

https://www.nrel.gov/news/program/2017/scie...nt-by-2030.html

QUOTE
With science driving wind-technology innovations, the unsubsidized cost of wind energy could drop to 50% of current levels, equivalent to $23 per megawatt-hour, by 2030, according to a report released by the U.S. Department of Energy's (DOE's) National Renewable Energy Laboratory (NREL).
(don't forget the DoE has a Republican chair)



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Oct 14 2017, 02:13 PM
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The Seven Deadly Sins of AI Predictions
QUOTE
A lot of AI researchers and pundits imagine that the world is already digital, and that simply introducing new AI systems will immediately trickle down to operational changes in the field, in the supply chain, on the factory floor, in the design of products.

Nothing could be further from the truth. Almost all innovations in robotics and AI take far, far, longer to be really widely deployed than people in the field and outside the field imagined.

Rodney Brooks is a former director of the Computer Science and Artificial Intelligence Laboratory at MIT and a founder of Rethink Robotics and iRobot

https://www.technologyreview.com/s/609048/t...ai-predictions/



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Sep 27 2017, 02:26 PM
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AI for Energy: A Huge Opportunity, but Still Early Days
AES and others are actively exploring how artificial intelligence can improve the electricity system.

by Katie Fehrenbacher
September 26, 2017
https://www.greentechmedia.com/articles/rea...days#gs.di7scBk



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: nipper  
 
nipper
post Posted: Sep 15 2017, 11:47 AM
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Posts: 5,835
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QUOTE
Government stumbles out of the innovation slow lane with crowdfunding

You may have missed the news on Thursday that the government has introduced new equity crowdfunding legislation, which will enable businesses of all sizes (but mainly start-ups,) to raise funds off a multitude of investors via specialised online platforms.

It is the kind of news that would have been unveiled with a great deal of fanfare a couple of years ago, when Prime Minister Malcolm Turnbull was spending $14.9 million to promote an "Ideas Boom" that attempted to bring the country along for a ride on his Innovation Agenda.

But these days the reality of tech-led innovation is treated very much like an embarrassing nuisance by a government that has retreated dramatically from its progressive tendencies.

The new laws will update and replace a half-baked initial plan from March, which excluded a huge proportion of the organisations that would want to use it, by insisting that only public companies could apply....

Read more: http://www.afr.com/technology/government-s...6#ixzz4shxCaf1G




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
 


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