YC President and Open AI cofounder Sam Altman has been a long-term flag bearer of Universal Basic Income. Many, including Altman and Elon Musk, believe that a UBI could be the answer to job displacement arising from AI.
YC will select 3,000 people from two states, dividing them into 2 groups — one of 1,000 who will receive $1000/month, whilst the second of 2,000 each receiving $50/month. The program will run for five years. This research study aims to explore the feasibility of UBI.
This programme will go a long way in assessing the feasibility of UBI, which despite the backing of the likes of Mark Zuckerberg and Sir Richard Branson, has its critics.
A team of researchers at MIT’s Computer Science and Artificial Intelligence Laboratory (CSAIL) in a recent research paper have presented a system by the name of “ComText” which allows robots to understand a range of commands that require contextual knowledge, much like Alexa.
Apttus, the quote-to-cash service is now resorting to AI for its contract management service. Contracts have been the bottleneck of the sales process and the use of AI can help prioritise things.
“Organizations that combine contract management with artificial intelligence gain an ability to explicitly trade off considerations of risk, cycle time, cost and negotiation outcomes,” Krappe told TechCrunch.
The service was launched yesterday and is now available for use.
Researchers and industry leaders gathered at the Artificial Intelligence in Bioscience Symposium in London to discuss the future of AI in healthcare. A major point of debate was the use of AI in understanding Alzheimer’s, which even today is somewhat limited. Winston Hide, Professor in computational biology at the University of Sheffield believes deep learning can be used to develop models of the brain, which according to him would go a long way in tackling the problem.
Navin Ramachandran, consultant radiologist at UCLH and co-founder of Peach Lab (a company devoted to studying public health policies) argues that the validity and quality of training data remains a major stumbling block.
Mark Zuckerberg is putting together an all star team at Facebook’s secretive Building 8 to develop a brain-computer interface. The group headed which is by Regina Dugan, who used to lead the Department of Defense’s research wing, is working on the development of a non-invasive system for translating neural activity into speech.
Critics remain skeptical about the development of such technologies.Miguel A.L. Nicolelis, the Duke who is a neuroscientist at Duke University argues that such a technology is still 10 to 20 years away.
Facebook’s head of global counter terrorism policy Brian Fishman, has gone on record to say that the company has been using AI along with a team of 4500 employees in community to operations to weed out terrorism related content. The company uses a hybrid approach where by AI is used to flag content which is then reviewed by humans.
“There are all sorts of complications to implementing this, but overall the technique is effective. Facebook is not a good repository for that kind of material for these guys anymore, and they know it,” Fishman said
Nick Beim, partner at Venrock,claims that there’s a new economic force at work in the machine learning space which could potentially generate increased returns, much as network effects did in the internet revolution. Beim calls this force “Learning Effects.”
Since Machine Learning models are based on quality as well as quantity of data, Beim argues that businesses can leverage the potential of learning effects, and those that can do so successfully will turn out to be the winners.
“This happens when more valuable products attract more users or customers, who provide more and richer data of the kind that enables machine learning models to make these products more valuable still, which attracts more users or customers still, and so on, creating a self-perpetuating cycle,” said Nick.
Nest has decided to release a new suite of security products. The new alarm system is capable of distinguishing intruders from home owners, allowing it to watch smartly over the house. The “Secure” system will retail for $499 for its basic toolkit of devices.