Emmanuel Macron Talks to WIRED About France’s AI Strategy with €1.5bn financial support over 5 yrs…This technology will be a major disrupter and a force for greater productivity – especially health care and mobility sectors https://www.wired.com/story/emmanuel-macron-talks-to-wired-about-frances-ai-strategy/?mbid=social_twitter_onsiteshare … via @WIRED
Continue ReadingWith currently demonstrated technologies available today, McKinsey estimate that in the USA at least, 60% of all occupations could see 30% of their constituent human activities automated… This is higher in workplaces involves performing physical activities or operating machinery in a predictable environment. In this environment workers carry out specific actions in well-known settings where […]
Continue ReadingUnfortunately, according to the Office of National Statistics in February 2016, “The U.K.’s ‘productivity gap’ of about 14% is about twice as large as the gap for the rest of the G7” Quoted in the FT, Ann Francke, chief executive of the Chartered Management Institute (CMI), said one problem is that in the […]
Continue ReadingDespite the rise of populism, the economic scorecard for the last 50 years hasn’t been that bad under the old liberal regime, where half the people who have ever lived, live now. Some extracts from the International Monetary Fund’s (IMF) report “A World of Change” below: The world population grew from 3 billion in 1965 […]
Continue ReadingThe FT’s City Editor Jonathan Guthrie commented after the Brexit referendum that “…Two tribes, it transpires went to war on polling day. Remainers, whose beliefs reflect economics, and Leavers, whose economics reflect their beliefs. Unless the first group can understand and win over the second, the prospects for both look equally grim…” It is true […]
Continue ReadingIt’s breath-taking that the UK government can seek to reduce its own debt burden by transferring that same burden to small businesses – specifically to the most innovative of the UK’s SME sector… Driven by the exchequer’s target to cut the deficit, Innovate UK, under the department of business, innovation and skills (BIS) misguided leadership looks […]
Continue ReadingMark Berrisford-Smith, the Head of Economics for HSBC UK Commercial Banking, gave an insightful address to Buckinghamshire Business First’s Focus Funding event in High Wycombe last week. He opened with the comment that the next economic downturn is closer than the last and then went on to say that can’t be a surprise since the […]
Continue ReadingThe latest labour productivity report from the Office for National Statistics (ONS) makes grim reading. The ONS report that “…the absence of (UK) productivity growth in the seven years since 2007 is unprecedented in the post-war period…” Put that into context with the head of the IMF, Christine Lagarde’s statement on 9th April that the […]
Continue ReadingThat’s what the Economist reported the impact would be in the USA. This works out at about – $1.5 trillion. In Australia, Dr Ken Henry published a tax review back in 2010 proposing that stamp duty should be replaced with a broad-based land tax. This would help Australians deal with the rising cost of home […]
Continue ReadingThis article by Andrew Sheehy, Chief Analyst at industry research firm Generator Research, paints a picture where the result of connecting AIs might be a network that looks like the internet, except where routers are replaced with artificial intelligences of different species. That could be good, or bad. According to Sheehy, when viewed at a […]
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