- 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