Lifeboat Foundation

Canada’s billionaire power couple, Gerald Schwartz and Heather Reisman, have donated C$100 million ($75 million) to the University of Toronto for an artificial intelligence complex.

The gift, from the duo behind private-equity firm Onex Corp. and Indigo Books & Music Inc., is the largest in the university’s history and biggest for Canada’s technology sector, said the academic institution. It will be used to build the Schwartz Reisman Innovation Centre starting this year.

“You’ve seen companies like Uber and Google and so many others starting to make real commitments to Toronto, and this is drawing people from around the world to come to Toronto to be part of this,” Schwartz, Onex’s founder and chief executive officer, said in an interview at Indigo’s headquarters in the city. “That legacy is going to last for a long time.”

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By Rohit Talwar, Steve Wells, April Koury, and Alexandra Whittington

Can human roles in retail survive the relentless march of the robots? Much of the current debate on automation focuses on the possible demise of existing jobs and the spread of automation into service and white-collar sectors – and retail is certainly one industry poised to follow this automation path in pursuit of the next driver of profits. From the advent of the steam engine and mechanisation of farming, through to the introduction of personal computing — jobs have always been automated through the use of technology. However, as new technologies have come to market, human ingenuity and the ability to create new products and services have increased the scope for employment and fulfilment. Retail has enjoyed enormous benefits from technology tools, but has the time come when automation poses a threat to jobs? Here we present two possible scenarios for retail 2020–2025: one where automation eliminates the majority of retail jobs and a second which sees the emergence of new paid roles in retail.

Scenario One: Robo-Retail Rules

By 2020, in-store robots walk the aisles to guide customers, help order from another branch, and bring goods to the checkout, or your car. Artificial intelligence (AI) personal assistants like Siri and Alexa have become personal shoppers, with perfect knowledge of customers’ tastes and preferences. This allows for development of retail algorithms to recommend the perfect item before shoppers even know they want it. The algorithms offer recommendations drawing on databases of consumer preferences (i.e. Amazon recommendations), social media, friends’ recent purchases, and analysis of emerging trends – with our AI assistants providing our profiles to help filter and select the appropriate offers.

Continue reading “Robo-Retail vs. Humanity at a Price? Two Possible Futures for Retail” »

Today’s efforts in AI are somewhat less flashy, though still potentially revolutionary, and all seem to recognize one vital lesson: treating patients is both art and science. Rather than attempting to replace the physicians in medical practice, AI can, and should, say more experts, become a valuable tool in enhancing what doctors do.

Here’s where AI in medicine excels — and where it doesn’t yet measure up.

Hot off the press…

Barnes & Noble Press releases a new non-fiction book The Syntellect Hypothesis: Five Paradigms of the Mind’s Evolution by Alex M. Vikoulov as Hardcover (Press Release, San Francisco, CA, USA, March 22, 2019 11.00 AM PST)

Named “The Book of the Year” by futurists and academics alike, “# 1 Hot New Release” in Amazon charts in Physics of Time, Phenomenology, and Phenomenological Philosophy, the book has now been released by Barnes & Noble Press as hardcover in addition to ebook and paperback released earlier this year. In one volume, the author covers it all: from quantum physics to your experiential reality, from the Big Bang to the Omega Point, from the ‘flow state’ to psychedelics, from ‘Lucy’ to the looming AI Singularity, from natural algorithms to the operating system of your mind, from geo-engineering to nanotechnology, from anti-aging to immortality technologies, from oligopoly capitalism to Star-Trekonomics, from the Matrix to Universal Mind, from Homo sapiens to Holo syntellectus.

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Software engineer Zhang Yiming started out producing apps for sharing jokes before focusing on news aggregation. That pivot proved lucrative.

The 35-year-old founder of Bytedance Ltd. is worth about $13 billion, according to the Bloomberg Billionaires Index, making him China’s 9th-richest person and one of the fastest in modern times to amass a mega-fortune. The business, founded in 2012, has more than 1 billion active monthly users across eight mobile apps, including a news aggregator powered by artificial intelligence and a video-sharing platform.

One of the birthplaces of artificial intelligence, MIT, has announced a bold plan to reshape its academic program around the technology. With $1 billion in funding, MIT will create a new college that combines AI, machine learning, and data science with other academic disciplines. It is the largest financial investment in AI by any US academic institution to date.

New school: The new college of computing is being built with $350 million in funding from Stephen A. Schwarzman, the CEO and cofounder of Blackstone, a private equity firm. Schwarzman has already donated billions to other institutions for studying issues related to AI. MIT’s new Stephen A. Schwarzman College of Computing will create 50 new faculty positions and numerous fellowships for graduate students. The school will open next September and will be housed in existing buildings at MIT before moving to its own space, expected in 2022.

Data everywhere: Data and computing are already having a major impact on disciplines like the humanities, and machine learning and AI may have an even bigger one. Rafael Reif, the president of MIT, said in an announcement that the new approach was necessary because of the way computing, data, and AI are “reshaping the world,” and he added that students and researchers will be taught to use AI in their disciplines from first principles, instead of dividing their time between computer science and other departments. “Computing is no longer the domain of the experts alone,” Reif said. “It’s everywhere, and it needs to be understood and mastered by almost everyone.”

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In this week’s Mr Futurist Podcast, I will discuss, Is a Universal Basic Income (UBI) a good idea for the US?

Why the Southern United States is headed for a deep economic crash? What US industries will be the most impacted by business automation? Why will automation affect white collar jobs first? Is the US Becoming a Third World Country? How would a Universal Basic Income (UBI) impact large US companies? Illiteracy in the US. Could we have a Great Technological World-Wide Depression? All this and more in this podcast!

Mr Futurist Podcast – Should We Have a Universal Basic Income (UBI) in the US? Get my weekly podcast/article on business automation, AI and advancing technology and how it can and will affect your company, your job and career. The Right Knowledge is a Powerful thing! This weeks podcast transcript: This week’s article will be on the dark side. I promise by the end, I will flip this around and offer solutions, and make what appears to be something gloom and doom, have a possible happy ending. Having studied artificial intelligence and business automation for the last couple of years. I believe the unemployment numbersRead More →

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Unmanned systems like drones significantly change the way ocean conservation scientists collect data, monitor species and protect the ocean.

Climate change is a sprawling, complex problem. But there is an astonishingly simple way to make a difference: plant more trees. Trees scrub pollution from the air, reduce erosion, improve water quality, provide homes for animals and insects, and enhance our lives in countless other ways.

It turns out that ecosystem restoration is also an emerging business opportunity. A new report from the World Resources Institute and the Nature Conservancy says governments around the world have committed to reviving nearly 400 million acres of wilderness — an area larger than South Africa. As countries push to regrow forests, startups are dreaming up new, faster ways to plant trees. For some innovators, like NASA veteran Dr. Lauren Fletcher, that means using drones.

Fletcher said his conversion from stargazer to eco-warrior was driven by his worry about climate change, which has been dramatically worsened by deforestation. To tackle the problem, he created BioCarbon Engineering, which he describes as an ecosystem restoration company. Working with colleagues, he came up with a 30-pound unmanned aerial vehicle nicknamed “Robin.” It can fly over the most rugged landscapes on earth, planting trees in precise locations at the rate of 120 per minute.