Why AI Will Not Abolish Work

VIENNA – The diffusion of artificial intelligence (AI) across the economy has raised the possibility—and for many, the fear—that machines will eventually replace human work. They will not only perform an ever-larger share of mechanical operations, as we have been observing since the first Industrial Revolution, but will also coordinate work by establishing direct communication among machines (the so-called Internet of Things).

सम्बन्धित सामग्री

The Future of Work in the AI Era

Recent discussions about the implications of artificial intelligence for employment have veered between the poles of apocalypse and utopia. Under the apocalyptic scenario, AI will displace a large share of all jobs, vastly exacerbating inequality as a small capital-owning class acquires productive surpluses previously shared with human laborers. The utopian scenario, curiously, is the same, […]

Nepal attracting foreign students to study AI

KATHMANDU, MARCH 4: Despite Nepal being relatively lagging in Information and Communication Technologies (ICTs), there have been encouraging arrivals of foreign scholars herein the country to attend learning camps on Artificial intelligence (AI)), data and robotics The very information was shared during the ‘AI Conference for Prosperous Nepal: Future of Work’, organized jointly yesterday by […] The post Nepal attracting foreign students to study AI appeared first on Aarthiknews:: A leading business & economic news portal from Nepal.

Would AI-Enabled Communism Work?

Friedrich von Hayek is best known for his influential 1944 polemic The Road to Serfdom. But his most celebrated work in economics is “The Use of Knowledge in Society,” a rather short article on how society uses and acquires dispersed information about economic fundamentals such as preferences, priorities, and productivity. The article develops a powerful critique […]