The Economic Singularity

"Read The Economic Singularity if you want to think intelligently about the future." Aubrey de Grey Artificial intelligence (AI) is overtaking our human ability to absorb and process information. Robots are becoming increasingly dextrous, flexible, and safe to be around (except the military ones). It is our most powerful technology, and you need to understand it. This new book from best-selling AI writer Calum Chace argues that within a few decades, most humans will not be able to work for money. Self-driving cars will probably be the canary in the coal mine, providing a wake-up call for everyone who isn't yet paying attention. All jobs will be affected, from fast food McJobs to lawyers and journalists. This is the single most important development facing humanity in the first half of the 21st century. The fashionable belief that Universal Basic Income is the solution is only partly correct. We are probably going to need an entirely new economic system, and we better start planning soon - for the Economic Singularity! The outcome can be very good - a world in which machines do all the boring jobs and humans do pretty much what they please. But there are major risks, which we can only avoid by being alert to the possible futures and planning how to avoid the negative ones."

Artificial intelligence (AI) is overtaking our human ability to absorb and process information. Robots are becoming increasingly dextrous, flexible, and safe to be around (except the military ones). It is our most powerful technology, and you need to understand it. This new book from best-selling AI writer Calum Chace argues that within a few decades, most humans will not be able to work for money. Self-driving cars will probably be the canary in the coal mine, providing a wake-up call for everyone who isn't yet paying attention. All jobs will be affected, from fast food McJobs to lawyers and journalists. This is the single most important development facing humanity in the first half of the 21st century. The fashionable belief that Universal Basic Income is the solution is only partly correct. We are probably going to need an entirely new economic system, and we better start planning soon - for the Economic Singularity! The outcome can be very good -- a world in which machines do all the boring jobs and humans do pretty much what they please. But there are major risks, which we can only avoid by being alert to the possible futures and planning how to avoid the negative ones.

Artificial intelligence is our most powerful technology, and in the coming decades it will change everything in our lives. If we get it right it will make humans almost godlike. If we get it wrong... well, extinction is not the worst possible outcome. "Surviving AI" is a concise, easy-to-read guide to what's coming, taking you through technological unemployment (the economic singularity) and the possible creation of a superintelligence (the technological singularity). Here's what some of the leading thinkers in the field have to say about it: A sober and easy-to-read review of the risks and opportunities that humanity will face from AI. Jaan Tallinn - co-founder of Skype Understanding AI - its promise and its dangers - is emerging as one of the great challenges of coming decades and this is an invaluable guide to anyone who's interested, confused, excited or scared. David Shukman - BBC Science Editor We have recently seen a surge in the volume of scholarly analysis of this topic; Chace impressively augments that with this high-quality, more general-audience discussion. Aubrey de Grey - CSO of SENS Research Foundation; former AI researcher It's rare to see a book about the potential End of the World that is fun to read without descending into sensationalism or crass oversimplification. Ben Goertzel - chairman of Novamente LLC Calum Chace is a prescient messenger of the risks and rewards of artificial intelligence. In "Surviving AI" he has identified the most essential issues and developed them with insight and wit - so that the very framing of the questions aids our search for answers. Chace's sensible balance between AI's promise and peril makes "Surviving AI" an excellent primer for anyone interested in what's happening, how we got here, and where we are headed. Kenneth Cukier - co-author of "Big Data" If you're not thinking about AI, you're not thinking. "Surviving AI" combines an essential grounding in the state of the art with a survey of scenarios that will be discussed with equal vigor at cocktail parties and academic colloquia. Chris Meyer - author of"Blur," "It's Alive," and "Standing on the Sun" The appearance of Calum Chace's book is of some considerable personal satisfaction to me, because it signifies the fact that the level of social awareness of the rise of massively intelligent machines has finally reached the mainstream. If you want to survive the next few decades, you cannot afford NOT to read Chace's book. Prof. Dr. Hugo de Garis - former director of the Artificial Brain Lab, Xiamen University, China "Surviving AI" is an exceptionally clear, well-researched and balanced introduction to a complex and controversial topic, and is a compelling read to boot. Sean O hEigeartaigh -executive director of Cambridge Centre for the Study of Existential Risk In"Surviving AI," Calum Chace provides a marvellously accessible guide to the swirls of controversy that surround discussion of whatis likely to be the single most important event in human history -the emergence of artificial superintelligence. Throughout, "Surviving AI"remains clear and jargon-free. David Wood - chair of London Futurists Artificial intelligence is the most important technology of our era. Technological unemployment could force us to adopt an entirely new economic structure, and the creation of superintelligence would be the biggest event in human history. "Surviving AI" is a first-class introduction to all of this. Brad Feld - co-founder of Techstars"

Artificial intelligence will not necessarily create a super-intelligent “human robot”; however, it is very probable that intelligent robots and intelligent informats will bring about a form of super-globalization, in which money and goods are prioritized over people and democracy and where the widespread use of casual labour – that is, short-term contracts – will become the most common form of employment relationship. It is also very likely that artificial intelligence will bring about what is known as singularity. This term is used to describe a situation where intelligent robots, from a rational and logical perspective, are smarter than humans, i.e. the development of AI. This book explores the impact that these intelligent robots and intelligent informats will have on social and societal development. The author tackles the question of singularity from three distinct standpoints: technological singularity – the intelligence of machines compared to that of humans – which he argues will bring about a qualitatively new labour market; economic singularity – the consequences for work relationships, value creation and employment – which he asserts will promote full automation, result in precarious contracts with low salaries, and, in some countries, possibly lead to the introduction of a universal basic income; and social singularity – the consequences of technological and economic singularity for democratic processes, bureaucratic procedures for exercising authority and control, and the direction in which society will develop, in addition to the emergence of new social institutions – which Johannessen says will promote a transition from representative democracy to genuine democracy. The book will appeal to academics, researchers and students of economic sociology and political economy, as well as those focusing upon the emerging innovation economy. It will also find an audience among professionals and policymakers keen to understand the impact the Fourth Industrial Revolution will have on organizations, individuals and society at large.

In Ray Kurzweil's New York Times bestseller The Singularity is Near, the futurist and entrepreneur describes the Singularity, a likely future utterly different than anything we can imagine. The Singularity is triggered by the tremendous growth of human and computing intelligence that is an almost inevitable outcome of Moore's Law. Since the book's publication, the coming of the Singularity is now eagerly anticipated by many of the leading thinkers in Silicon Valley, from PayPal mastermind Peter Thiel to Google co-founder Larry Page. The formation of the Singularity University, and the huge popularity of the Singularity website kurzweilai.com, speak to the importance of this intellectual movement. But what about the average person? How will the Singularity affect our daily lives—our jobs, our families, and our wealth? Singularity Rising: Surviving and Thriving in a Smarter, Richer, and More Dangerous World focuses on the implications of a future society faced with an abundance of human and artificial intelligence. James D. Miller, an economics professor and popular speaker on the Singularity, reveals how natural selection has been increasing human intelligence over the past few thousand years and speculates on how intelligence enhancements will shape civilization over the next forty years. Miller considers several possible scenarios in this coming singularity: • A merger of man and machine making society fantastically wealthy and nearly immortal • Competition with billions of cheap AIs drive human wages to almost nothing while making investors rich • Businesses rethink investment decisions to take into account an expected future period of intense creative destruction • Inequality drops worldwide as technologies mitigate the cognitive cost of living in impoverished environments • Drugs designed to fight Alzheimer's disease and keep soldiers alert on battlefields have the fortunate side effect of increasing all of their users' IQs, which, in turn, adds a percentage points to worldwide economic growth Singularity Rising offers predictions about the economic implications for a future of widely expanding intelligence and practical career and investment advice on flourishing on the way to the Singularity.

Gold winner in Business Technology category, 2020 Axiom Business Book Awards Extraordinary innovations in technology promise to transform the world, but how realistic is the claim that AI will change our lives? In this much needed book the acclaimed economist Roger Bootle responds to the fascinating economic questions posed by the age of the robot, steering a path away from tech jargon and alarmism towards a rational explanation of the ways in which the AI revolution will affect us all. Tackling the implications of Artificial Intelligence on growth, productivity, inflation and the distribution of wealth and power, THE AI ECONOMY also examines coming changes to the the way we educate, work and spend our leisure time. A fundamentally optimistic view which will help you plan for changing times, this book explains AI and leads you towards a more certain future. Extraordinary innovations in technology promise to transform the world, but how realistic is the claim that AI will change our lives? In this much needed book the acclaimed economist Roger Bootle responds to the fascinating economic questions posed by the age of the robot, steering a path away from tech jargon and alarmism towards a rational explanation of the ways in which the AI revolution will affect us all. Tackling the implications of Artificial Intelligence on growth, productivity, inflation and the distribution of wealth and power, THE AI ECONOMY also examines coming changes to the the way we educate, work and spend our leisure time. A fundamentally optimistic view which will help you plan for changing times, this book explains AI and leads you towards a more certain future.

The summary of The Economic Singularity – Artificial Intelligence and the Death of Capitalism presented here include a short review of the book at the start followed by quick overview of main points and a list of important take-aways at the end of the summary. The Summary of The Economic Singularity is a 2016 documentary that takes an in-depth look at what the future may hold for us based on the technological advancements that have been made up to this point. It is abundantly clear that we are moving in the direction of the type of artificial intelligence that will automate the majority of our jobs; the question is, what strategies do we have in place to deal with this potential outcome? Find out the difficulties we'll be up against, as well as the steps we need to take to get ready for what's going to happen. The Economic Singularity summary includes the key points and important takeaways from the book The Economic Singularity by Calum Chace. Disclaimer: 1. This summary is meant to preview and not to substitute the original book. 2. We recommend, for in-depth study purchase the excellent original book. 3. In this summary key points are rewritten and recreated and no part/text is directly taken or copied from original book. 4. If original author/publisher wants us to remove this summary, please contact us at [email protected].

The science of AI was born a little over 60 years ago, but for most of that time its achievements were modest. In 2012 it experienced a big bang, when a branch of statistics called Machine Learning (and a sub-branch called Deep Learning) was applied to it. Now machines have surpassed humans in image recognition, and they are catching up with us at speech recognition and natural language processing. Every day, the media reports the launch of a new service, a new product, and a new demonstration powered by AI. When will it end? The surprising truth is, the AI revolution has only just begun. Artificial Intelligence and the Two Singularities argues that in the course of this century, the exponential growth in the capability of AI is likely to bring about two "singularities" - points at which conditions are so extreme that the normal rules break down. The first is the economic singularity, when machine skill reaches a level that renders many of us unemployable and requires an overhaul of our current economic and social systems. The second is the technological singularity, when machine intelligence reaches and then surpasses the cognitive abilities of an adult human, relegating us to the second smartest species on the planet. These singularities will present huge challenges, but this book argues that we can meet these challenges and overcome them. If we do, the rewards could be almost unimaginable. This book covers: • Recent developments in AI and its future potential • The economic singularity and the technological singularity in depth • The risks and opportunities presented by AI • What actions we should take Artificial intelligence can turn out to be the best thing ever to happen to humanity, making our future wonderful almost beyond imagination. But only if we address head-on the challenges that it will raise. Calum Chace is a best-selling author of fiction and non-fiction books and articles, focusing on the subject of artificial intelligence. He is a regular speaker on artificial intelligence and related technologies, and runs a blog on the subject at www.pandoras-brain. com. Prior to becoming a full-time writer and speaker, he spent 30 years in business as a marketer, a strategy consultant, and a CEO. He studied philosophy at Oxford University, where he discovered that the science fiction he had been reading since boyhood was simply philosophy in fancy dress.