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16.01.26 - 21:12
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The Wrong Solution: AI Productivity, Employment, & UBI (ZeroHedge)
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The Wrong Solution: AI Productivity, Employment, & UBI
Authored by Lance Roberts via RealInvestmentAdvice.com,
It is expected that AI productivity increases will vastly transform the U.S. economy. Firms are utilizing AI productivity enhancements to automate repetitive tasks, and research and coding functions have already been implemented. The obvious problem is that when machines perform functions once done by humans, what are the humans supposed to do for income? This increase in AI productivity is measurable across various sectors, as supply chains operate more efficiently, data analysis accelerates, and customer service utilizes automated agents to streamline tasks. Manufacturing, once considered a stable sector of the economy, is increasingly using robotics to reduce labor costs. Professional services are also increasingly displacing workers in medical, legal, and other areas of the service economy to improve output (read: profits) per worker.
This is not a new thing. It has been accelerat...
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16.01.26 - 19:33
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The AI healthcare gold rush is here (TechCrunch)
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AI companies are clustering around healthcare and fast. In just the past week, OpenAI bought health startup Torch, Anthropic launched Claude for healthcare, and Sam Altman-backed MergeLabs closed a $250 million seed round at an $850 million valuation. The money and products are pouring into health and voice AI, but so are concerns about hallucination risks, inaccurate medical information, and […]...
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