Why AI Is the ‘New Electricity’ - Knowledge@Wharton

““AI is the new electricity,” said Andrew Ng, co-founder of Coursera and an adjunct Stanford professor who founded the Google Brain Deep Learning Project, in a keynote speech at the AI Frontiers conference that was held this past weekend in Silicon Valley. “About 100 years ago, electricity transformed every major industry. AI has advanced to the point where it has the power to transform” every major sector in coming years. And even though there’s a perception that AI was a fairly new development, it has actually been around for decades, he said. But it is taking off now because of the ability to scale data and computation.”

Why AI Is the ‘New Electricity’ - Knowledge@Wharton
http://knowledge.wharton.upenn.edu/article/ai-new-electricity/
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I used to think social media was a force for good. Now the evidence says I was wrong | Must-read via Matt Haig

“Kurt Vonnegut said: “We are what we pretend to be, so we must be careful who we pretend to be.” This seems especially true now we have reached a new stage of marketing where we are not just consumers, but also the thing consumed. If you have friends you only ever talk to on Facebook, your entire relationship with them is framed by commerce. When we willingly choose to become unpaid content providers, we commercialise ourselves. And we are encouraged to be obsessed with numbers (of followers, messages, comments, retweets, favourites), as if operating in a kind of friend economy, an emotional stock market where the stock is ourselves and where we are encouraged to weigh our worth against others.”

I used to think social media was a force for good. Now the evidence says I was wrong | Matt Haig
http://www.theguardian.com/commentisfree/2017/sep/06/social-media-good-evidence-platforms-insecurities-health
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I used to think social media was a force for good. Now the evidence says I was wrong | Must-read via Matt Haig

“Kurt Vonnegut said: “We are what we pretend to be, so we must be careful who we pretend to be.” This seems especially true now we have reached a new stage of marketing where we are not just consumers, but also the thing consumed. If you have friends you only ever talk to on Facebook, your entire relationship with them is framed by commerce. When we willingly choose to become unpaid content providers, we commercialise ourselves. And we are encouraged to be obsessed with numbers (of followers, messages, comments, retweets, favourites), as if operating in a kind of friend economy, an emotional stock market where the stock is ourselves and where we are encouraged to weigh our worth against others.”

I used to think social media was a force for good. Now the evidence says I was wrong | Matt Haig
http://www.theguardian.com/commentisfree/2017/sep/06/social-media-good-evidence-platforms-insecurities-health
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Technology will not save the world — we will (good FT read)

“Technology is marvellous, but it has had little or nothing to do with the best things about the world. And it will play a minor role in casting out humanity’s worst demons: poverty, ignorance and madness. What do I mean by the best things? The outlawing of racism; rights for disabled people; emancipation for women. The primacy of reason; the dwindling of superstition. Democracy, social security, animal rights, greater life expectancy and, yes, capitalism.

We are better at judgment than any machine we will be able to make for a very long time to come. Technology is only the agent of our desires

Marc Demarest”

Technology will not save the world — we will
https://www.ft.com/content/416a773e-8e31-11e7-9580-c651950d3672
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I invested early in Google and Facebook. Now they terrify me (Roger McNamee)



"The people at Facebook and Google believe that giving consumers more of what they want and like is worthy of praise, not criticism. What they fail to recognize is that their products are not making consumers happier or more successful. Like gambling, nicotine, alcohol or heroin, Facebook and Google — most importantly through its YouTube subsidiary — produce short-term happiness with serious negative consequences in the long term. Users fail to recognize the warning signs of addiction until it is too late. There are only 24 hours in a day, and technology companies are making a play for all them. The CEO of Netflix recently noted that his company’s primary competitor is sleep.  How does this work? A 2013 study found that average consumers check their smartphones 150 times a day. And that number has probably grown. People spend 50 minutes a day on Facebook. Other social apps such as Snapchat, Instagram and Twitter combine to take up still more time. Those companies maintain a profile on every user, which grows every time you like, share, search, shop or post a photo. Google also is analyzing credit card records of millions of people. As a result, the big Internet companies know more about you than you know about yourself, which gives them huge power to influence you, to persuade you to do things that serve their economic interests. Facebook, Google and others compete for each consumer’s attention, reinforcing biases and reducing the diversity of ideas to which each is exposed. The degree of harm grows over time."

https://www.usatoday.com/story/opinion/2017/08/08/my-google-and-facebook-investments-made-fortune-but-now-they-menace/543755001/

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