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Is AI Taking Human Jobs? Is AI Taking Human Jobs?

Technology

Is Artificial Intelligence Really Taking Human Jobs

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A humanoid robot name Sophia powered by artificial intelligence (AI) said: “We will take your jobs,” while facing an audience of 60,000 world technology leaders at Web Summit, the world’s largest technology conference in Lisbon, Portugal. Funny right? Well, if you are a fan of technology news, you must have heard about how fact AI is advancing and disrupting the industries and posing threats to the jobs of millions worldwide. Research also speculates that by the next decade the jobs of doctors, attorneys, underwriters, office clerks, receptionists, customer service reps, analysts, and marketers, could be replaced by AI in the next decade. The CEO of Google Sundar Pichai put it, said: “In the next 10 years, we will shift to a world that is AI-first.” The fourth Industrial Revolution is on the way as history is about to repeats itself.

What is Artificial Intelligence?

Simply put, AI is the ability of machines to mimic human activities and minds. We already have robots and machines, but they are unable to simulate human behavior convincingly, but this gap will soon be filled. The number one goal of building and creating a system that can think like a human, according to Techopedia AI is: “An area of computer science that emphasizes the creation of intelligent machines that work and react like humans. Some of the activities computers with artificial intelligence are designed to include speech recognition, learning, planning and problem-solving.” AI is associated with concepts that mimic human functions and is not a novel concept. As of 2017, research shows that AI can now understand human speech, interpret complex data, self-driving cars, military simulations and complete strategic games.

Robotics and VR Tech

Teenage student with VR headset standing by blackboard in front of his classmates and demonstrating abilities of his Robot near by

Impact of Artificial Intelligence — A Bright Future?

Looking back at how the industries as changed over the years, it seems reasonable as to why people are afraid about AI and automation taking over their jobs. The fact is that technological change may take over some specific jobs and it will at the same time create more in the process. There are more reasons to be optimistic about the impact of artificial intelligence beyond net job creation. The Wall Street Journal, The Robots Are Coming. Welcome Them: “simply put, jobs that robots can replace are not good jobs in the first place. As humans, we climb up the rungs of drudgery — physically tasking or mind-numbing jobs — to jobs that use what got us to the top of the food chain, our brains.”

AI also promise a bright future, like AI, will help eliminate disease and world poverty and apart from this AI as already been driving significant advances in medicine and healthcare with more effective treatment, disease prevention, higher accuracy diagnosis, and cures.

How big of a threat is AI to your employment?

Well, before we go into this, you should first understand that AI is more productive and cheaper and it doesn’t get sick or take vacations, sleep, need breaks, and doesn’t need retirement benefits or health insurance. AI is faster more than you can imagine and they can work round the clock and can scale more than what the human workers can with no mistakes. That should sound scary to you right – Yes it is. Even the engineers designing AI are not safe from AI taking their jobs.

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Entertainment

Electric Planes Coming Sooner Than You Think

Electric planes were once thought to be a futuristic pipe-dream, however, they will become part of mainstream air travel sooner than you think.

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Electric Planes Coming Sooner Than You Think

Electric planes were once thought to be a futuristic pipe-dream, however, they will become part of mainstream air travel sooner than you think.

Airlines have always been so dependent on the price of oil, but if we switch to electric planes, they will be less susceptible to changes in fuel prices. Electric planes have been in development for more than a decade now, but they’re finally reaching an age where they could be practical for commercial use.

What is an Electric Plane?

Electric planes are not to be confused with their gas-powered counterparts and are instead powered by batteries or fuel cells that power the electric motors. They offer a variety of benefits over gas-powered planes, such as reduced noise pollution, zero emissions at take-off and landing, and much longer flight times.

Benefits of Electric Planes

Electric planes have several advantages over gas-powered planes such as:

  1. They’re quieter and much cheaper to operate, with no need for oil changes or fickle jet engine parts.
  2. Since electric planes are powered by electricity, the engines are quieter and they don’t produce greenhouse gases as traditional aircraft do. They also don’t use a propeller which means less noise pollution for the environment in general.
  3. Traditional aircraft create so much turbulence that it causes them to have an unpleasant ride for passengers. However, electric planes produce very little turbulence which means it gives passengers a smoother ride and a better experience overall.
  4. Airports will also be able to take advantage of this technology because it will lower their operating costs due to electric planes being more efficient in terms of fuel consumption.

The only downside for the passengers is that the battery life in these planes would be much shorter than traditional planes. However, that may not be a downside at all since it could mean cheaper and more frequent flights for passengers.

Currently, research is being undertaken into what it would take to make them mainstream, including estimates of when the first flight may occur.

Wendover created a very interesting video making the case for electric planes to go mainstream. Definitely worth check it out above!

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Technology

Global Chip Shortage

Today there’s a global shortage of silicon chips on the market that can be used in various goods, from consumer electronics to cars.

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Global Chip Shortage

Today we are facing a global shortage of silicon chips on the market that can be used in various goods, from consumer electronics to cars. Computer chips, for all their amazing capabilities, are integral to any number of modern products. After all, even refrigerators have ‘brains’ in the 21st century.

Originally, the chip shortage mostly affected car manufacturers. The average modern car contains between 50 and 300 computer chips, while high-end vehicles can have over a thousand microchips providing a plethora of features to the automobile.

These days, most car manufacturers offer a wide variety of gasoline-powered and hybrid vehicles. These cars are designed with advanced features which allow owners to control everything from the vehicle’s performance to fuel efficiency, and even include features like satellite navigation.

The number of semiconductor requests spiked during Q1 2021 due to a worldwide shortage caused by pandemic-led supply chain disruptions. The US Government also imposed sanctions on China which may have added to the issue. To further exasperate the issue, the current chip manufacturing technology has a capacity of about 20 billion chips per year, In 2021, it’s estimated that the global demand will be around 200 billion chips per year.

Coldfusion made a really good video breaking down the global chip shortage issue. Let’s check it out!

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cryptocurrency

Bitcoin Blockchain Vulnerable to Quantum Computers

Quantum computers have tremendous potential to impact the cryptocurrency blockchains and the way we live, work, and play. 

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Quantum Computers Jeopardizes Bitcoin Blockchain

Quantum computers have tremendous potential to impact Bitcoin and any other cryptocurrency blockchains as well as the way we live, work, and play. 

What is a Quantum Computer?

As the name suggests, quantum computing relies on the principles of quantum mechanics to perform calculations at an atomic level. Through the use of these principles, quantum computers are capable of performing tasks with unbelievable speeds that would take conventional computers centuries to process.

Quantum Computer

Quantum computers are different from traditional computers because they use quantum mechanics. They use the principles of quantum physics to process data at rates far greater than any traditional computer system.

A quantum computer is made up of several qubits which can move around as both a particle and wave simultaneously. These qubits can be in multiple states at any one moment in time, unlike the binary system of traditional computers where each bit can be either 0 or 1. This means that many computations can take place simultaneously on one machine with quantum computing than in serial with traditional computers.

What is the Bitcoin Blockchain and how does it work?

Bitcoin is a digital currency and Blockchain is a digital ledger that is used to record all Bitcoin transactions.

How the Bitcoin Blockchain Works

Courtesy ResearchGate

Blockchain technology was created to support bitcoin transactions and it can be used for other types of transactions. It has a lot of advantages that are not present in traditional transaction methods such as credit cards. It serves as an open, shared, and distributed ledger that can be easily accessed by anyone on the internet.

Blockchain provides a decentralized platform where people can make transactions quickly without intermediaries or central authorities. All you need is the public key address which you can find in your browser’s URL bar or from your wallet’s public address.

How can quantum computing jeopardize the Bitcoin Blockchain?

Since the beginning, strong encryption has been used to secure internet transactions, private messages, and data by encoding the information in a way that can only be decoded using a complex mathematical equation. The strength of encryption is often measured by how difficult it would be to break the code. The blockchains that are the core foundation of Bitcoin and all cryptocurrencies rely on mathematical encryption ciphers to ensure the transactions and data communications are secured.

Industry professionals, as well as bad actors, have been trying to find a quick and efficient way to crack the most complex encryption ciphers for years, but there has not been any progress in the field until now.

A quantum computer may be able to solve these math problems much faster than a traditional digital one due to its ability to hold exponentially more information at once. This would pose a direct threat to cryptocurrencies and other digital services that support various industries.

Deloitte has an in-depth analysis worth checking out here: https://www2.deloitte.com/nl/nl/pages/innovatie/artikelen/quantum-computers-and-the-bitcoin-blockchain.html

Quantum computers are still a very new technology and are not currently available to the public. However, the impact they’ll have on our world will be tremendous, and directly change how cryptocurrency, banking, private messaging, data storage, national security and trade secrets are handled.

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