Information technology has lowered communication and transaction costs, allowing for gig economies to become a more present option for freelancers. This can be a positive development for creatives as they become less reliant on traditional corporate structures and can more easily find jobs through social media and online platforms.
AI can work effectively with small amounts of data, like that generated by a single pizza store, but the cost of hiring an AI team can make it unfeasible for many small businesses.
In this podcast, the possibility of AI central planning is discussed where the human element of planning is removed to avoid inequality and empower equality. While this may be suitable for the fair allocation of resources, it is important to maintain the human element of agency.
Bridgewater Associates uses algorithms to manage their assets in parallel with human decision-making. The use of AI in data-rich investment decision making will continue to grow in the future.
The predictions of AI capabilities have been completely inverted and wrong, with AI now being able to generate art and talk about emotions. While the future of hybrid human-AI systems is interesting, the possible impacts on individuals born inside of it remain unknown.
Artificial intelligence pioneer Demis Hassabis discusses the advancements in AI made by his company, DeepMind, and its potential impact on various industries.