2017-12-01 06:30:00 Fri ET
technology social safety nets education infrastructure health insurance health care medical care medication vaccine social security pension deposit insurance
Dr Kai-Fu Lee praises China as the next epicenter of artificial intelligence, smart data analysis, and robotic automation. With prior IT careers at Apple, Microsoft, and Google, Dr Kai-Fu Lee discusses economic inequality as the primary threat of artificial intelligence in the modern era of digital technology. In a recent issue of New York Times, his op-ed article suggests that the key to success for most algorithmic machine learners is the sheer volume of smart data. Computational strength begets better smart data analysis, which then attracts more talents and funds that flow into the subsequent smarter data analysis with a larger network of active users and hot spots.
This virtuous cycle amplifies the computational strength of artificial intelligence. As both income and wealth gravitate toward the most productive use of human capital and computer equipment, economic inequality concentrates both power and money in the hands of a few elites and oligopolies such as Facebook, Apple, Microsoft, Google, and Amazon (FAMGA) in America and Baidu, Alibaba, and Tencent (BAT) in China. For this reason, we need to rethink economic inequality on a global scale.
If any of our AYA Analytica financial health memos (FHM), blog posts, ebooks, newsletters, and notifications etc, or any other form of online content curation, involves potential copyright concerns, please feel free to contact us at service@ayafintech.network so that we can remove relevant content in response to any such request within a reasonable time frame.
2019-06-19 09:27:00 Wednesday ET
San Francisco Fed CEO Mary Daly suggests that trade escalation is not the only risk in the global economy. Due to the current Sino-U.S. trade tension, the g
2017-11-24 08:41:00 Friday ET
Is Bitcoin a legitimate (crypto)currency or a new bubble waiting to implode? As its prices skyrocket, bankers, pundits, and investors increasingly take side
2017-05-13 07:28:00 Saturday ET
America's Top 5 tech firms, Apple, Alphabet, Microsoft, Amazon, and Facebook have become the most valuable publicly listed companies in the world. These
2026-10-31 12:38:00 Saturday ET
Today tech titans and billionaires continue to reshape global pharmaceutical investments for both better healthspan and longer lifespan. We discuss, desc
2019-06-21 13:33:00 Friday ET
Amazon and Google face more intense antitrust scrutiny. In recent times, Justice Department and Federal Trade Commission have reached an internal agreement
2019-01-05 11:39:00 Saturday ET
Reuters polls show that most Americans blame President Trump for the recent U.S. government shutdown. President Trump remains adamant about having to shut d