No humans required, the fully autonomous AI running a Wall Street hedge fund

No humans required, the fully autonomous AI running a Wall Street hedge fund

WHY THIS MATTERS IN BRIEF Companies that use artificial intelligence to augment their human workers is nothing new, but companies that are run by artificial intelligence, without any human input, are.   I’ve been documenting the emergence of fully autonomous organisations – organisations that are able to run and scale...

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Walmart chases Amazon Go, will start trialling cashierless stores

Walmart chases Amazon Go, will start trialling cashierless stores

WHY THIS MATTERS IN BRIEF The retail wars are hotting up and innovation is still many retailers weapon of choice, but as Walmart steps up the pressure on Amazon hopefully customers should be the winners.   Following in the footsteps of its arch rival Amazon, Walmart has announced that it is...

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JPMorgan unleashes artificial intelligence to automate its legal work

JPMorgan unleashes artificial intelligence to automate its legal work

WHY THIS MATTERS IN BRIEF With massive technology budgets and a paranoia of startups stealing a march Wall Street is going all in on innovation and automation.   With companies like LawGeex and ROSS Intelligence trying to automate the legal world it was only a matter of time before the...

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Google tests AI’s natural killer instincts, discovers society must be very, very careful

Google tests AI’s natural killer instincts, discovers society must be very, very careful

WHY THIS MATTERS IN BRIEF As artificial intelligence is embedded into more of our world’s digital fabric inevitably AI’s will come into conflict with one another, but rules might help us stave off armageddon – or bring it about.   If climate change, nuclear weapons or pandemics don’t kill us...

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Nowhere to hide for Goldman’s elite as AI culls jobs

Nowhere to hide for Goldman’s elite as AI culls jobs

WHY THIS MATTERS IN BRIEF Banking is one of the world’s oldest professions, but people only have a profession if they have a job, and as Wall Street drives to full automation there are fewer jobs to go round.   At its height back in 2000, the US cash equities...

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So long Asimov’s Laws, say hello to the 23 Laws of Robotics

So long Asimov’s Laws, say hello to the 23 Laws of Robotics

WHY THIS MATTERS IN BRIEF Whether they’re hardware based, or software based, machines are getting increasingly capable, creative, intelligent and resilient – and that has experts worried, so now they’ve created a new set of laws to try to guide the technology’s development and trajectory.   Ever since people first...

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Robo-lawyers want to automate the entire legal world

Robo-lawyers want to automate the entire legal world

WHY THIS MATTERS IN BRIEF Most lawyers and legal professionals agree that their profession hasn’t changed much in hundreds of years, but now artificial intelligence, and the rise of “robo-lawyers” is beginning to change all that.   To many people, lawyers, like doctors, optimise the pinnacle of what it means...

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Accenture automates 17,000 jobs without making anyone redundant

Accenture automates 17,000 jobs without making anyone redundant

WHY THIS MATTERS IN BRIEF In the age of automation humans are all too often the collateral damage but with vision and careful management that doesn’t always have to be the case.   In the past eighteen months one of the world’s largest professional services and technology companies, Accenture, according...

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Robot sales in 2016 were the best ever

Robot sales in 2016 were the best ever

WHY THIS MATTERS IN BRIEF Sales of robots, particularly in China, are booming and analysts expect more of the same in 2017.   The rise of automation and its impact on jobs has dominated headlines for a while now, whether it’s because Foxconn are cutting 1.2 million jobs, or companies...

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Futurist keynote, London: The Future of Capital Markets, Accenture Capital Markets Summit

Futurist keynote, London: The Future of Capital Markets, Accenture Capital Markets Summit

WHY THIS MATTERS IN BRIEF Investments and the capital markets, arguably, sit at the heart of our capitalist society, but they, and the industries they rely on to find Alpha, are starting to change at a faster rate than at any point in their illustrious history and it’s sending shockwaves...

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Europe will debate robot rights, ethics and AI kill switches in February

Europe will debate robot rights, ethics and AI kill switches in February

WHY THIS MATTERS IN BRIEF Machines are increasingly becoming autonomous and intelligent and it’s one of the greatest dangers humanity has ever faced, later this year law makers in Europe will finally determine how we govern, monitor, manage and tax them in order to minimise the damage to society.  ...

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UK’s NHS gives millions of Londoners their own on call AI doctor

UK’s NHS gives millions of Londoners their own on call AI doctor

WHY THIS MATTERS IN BRIEF For better or worse, more and more healthcare services are being augmented and automated using new artificial intelligence services, only time will tell what the results will be.   A few months ago Baidu rolled out a limited trial of a new virtual doctors service,...

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New EU report recommends Universal Basic Income for all 27 member states

New EU report recommends Universal Basic Income for all 27 member states

WHY THIS MATTERS IN BRIEF The rise of robotics and new, intelligent AI automation systems that threaten Blue and White collar jobs is spurring governments around the world into action, so far a Universal Basic Income is the only idea they seem to have to dampen societal unrest and poverty....

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Robots to get legal recognition as Europe votes to classify them as ‘Electronic persons’

Robots to get legal recognition as Europe votes to classify them as ‘Electronic persons’

WHY THIS MATTERS IN BRIEF The move by the EU to classify robots as “Electronic persons” is a watershed moment. It signifies a significant attitude shift in policy and the way that new robo-systems are viewed, and paves the way for new laws and new regulations.   With robots and...

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Japanese insurer announces it will replace office workers with artificial intelligence

Japanese insurer announces it will replace office workers with artificial intelligence

WHY THIS MATTERS IN BRIEF More and more companies are experimenting with AI as a way to automate away jobs, and as the human toll continues to increase this is just the beginning   Fukoku Mutual Life, a Japanese insurance company with a turnover of $6.8 Billion in 2016, announced...

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The world’s largest hedge fund is using AI to automate its entire management team

The world’s largest hedge fund is using AI to automate its entire management team

WHY THIS MATTERS IN BRIEF The news is filled with news about automation and machines that are taking our jobs, arguably for the first time we can see companies who are automating both the workers at the base of the pyramid, and the executives at the top. In the next...

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1.2 million jobs to vanish as Foxconn unveils plans for fully autonomous factories

1.2 million jobs to vanish as Foxconn unveils plans for fully autonomous factories

WHY THIS MATTERS IN BRIEF Foxconn is one of the world’s largest employers, and its pursuit of 100% automation at all of its factories will put millions out of work and give China a headache   We’re hearing a lot recently about how most of our jobs are going to...

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Finland rolls out its universal basic income scheme to 2,000 citizens

Finland rolls out its universal basic income scheme to 2,000 citizens

WHY THIS MATTERS IN BRIEF As technology replaces and automates more jobs governments are experimenting with universal basic incomes as a means to keep people out of poverty, now Finland has taken the plunge.   It’s January 2017, and as promised, Finlands government is now rolling out it’s ambitious Universal Basic...

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As machines replace jobs new White House report prioritises education

As machines replace jobs new White House report prioritises education

WHY THIS MATTERS IN BRIEF As analysts predict that more jobs will be replaced by automation and machines a new White House report plays down Universal Basic Incomes and prioritises investment and education.   A new 55 page White House report that investigates the impact of artificial intelligence (AI) and automation...

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Elon Musk believes universal basic income is inevitable

Elon Musk believes universal basic income is inevitable

WHY THIS MATTERS IN BRIEF Many people believe that a rising tide of automation and intelligent machines will put much of today’s workforce onto the streets leaving governments with no option but to roll out some form of universal basic income, and it appears that Elon Musk thinks the same....

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