A Kind of Magic

AI is not about replacing the human with a robot. It is about taking the robot out of the human. Usama Fayyad Digitization has gained momentum and it is getting magnitude and speed, with most efforts aiming at making manual tasks as less repetitive and boring as more accurate and faster. Economists studying the relationship between technological change, productivity and employment almost unanimously agree that AI systems are going to transform the economy. However, they have also been insisting that, to increase productivity, investments in AI must go together with […]

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