- This current progress - hardware, software and network at their core
- took generations to improve and modification
Moore's law
- When you can measure what you are speaking about, and express it in numbers, you know something about it; but when you cannot express it in numbers, your knowledge is of a meagre and unsatisfactory kind, Lord Kelvin
- Search terms volume increase positively correlates with housing sales and prices three months from now
- data and statistics is the sexy job for the next 10 years
- Innovation: recombining of existing things in new ways
- 5 - 7 years before full productivity of firms making investments
time required to make complementary investments
- Of importance in the forthcoming age
ideas not things
- minds not matter
- Technological unemployment - two competing school of thoughts
don't worry things will sort themselves out - Daron Acemoglu and Hames Robinson
- need to worry - John Maynard Keynes
- study hard using technology and all other available resources or MOOCs
Two main barriers to AI
- Polanyi's paradox - we know more than we can tell
we are really good at taking information through our 5 sense
- we are really good at spotting patterns
- we are very bad describing how we do it
- Moravec's paradox -
easy to have machines behave like adults and do complex things
- impossible to give them perception and mobility of one year old
References
- *Why the west rules - For now*, Ian Morris
- *The New Division of Labor*, Frank Levy and Richard Murnane
- *The age of spiritual machines, When computers exceed human intelligence*, Ray Kurzweil
- *The Nature of Technology*, Brian Arthur
- *Why nations fail*, Daron Acemoglu and James Robinson
- *Economic Possibilities for our grandchildren*, John Maynard Keynes
- *Academically Adrift: limited learning on college campuses*, Richard Arum and Josipa Roksa
- *How college affect students*, Ernest Pascarella and Patrick Terenzini
- *Brain gain: rethinking U.S. immigration policy*