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.
2018-07-01 08:34:00 Sunday ET
Are China and Russia etc gonna dethrone the petrodollar? Over the years, China, Russia, France, Germany, and Japan have made numerous attempts to use their
2018-03-19 10:37:00 Monday ET
Uber's autonomous car causes the first known pedestrian fatality from a driverless vehicle and thus sets off the alarm bell for artificial intelligence.
2022-05-30 09:32:00 Monday ET
The new semiconductor microchip demand-supply imbalance remains quite severe for the U.S. tech and auto industries. Our current fundamental macro a
2020-08-19 10:32:00 Wednesday ET
Corporate strategies, portfolio choices, and management memes add value and drive business process improvements over time. Andrew Campbell, Jo Whitehead,
2018-10-25 10:36:00 Thursday ET
Trump tariffs begin to bite U.S. corporate profits from Ford and Harley-Davidson to Caterpillar and Walmart etc. U.S. corporate profit growth remains high a
2019-09-09 20:38:00 Monday ET
Harvard macrofinance professor Robert Barro sees no good reasons for the recent sudden reversal of U.S. monetary policy normalization. As Federal Reserve Ch