A.I. is an industry in which strength begets strength: The more data you have, the better your product; the better your product, the more data you can collect; the more data you can collect, the more talent you can attract; the more talent you can attract, the better your product. It’s a virtuous circle, and the United States and China have already amassed the talent, market share and data to set it in motion.
No great idea has ever come out of a brainstorm meeting. Einstein didn’t work in a brainstorm session. Germany got the BMW, while East Germany got brainstorm sessions and the Trabant.
Looking at the list of 2016’s most common passwords, we couldn’t stop shaking our heads. Nearly 17 percent of people are safeguarding their accounts with “123456”.
We believe that it is possible that digitalisation and robotisation has started a decades-long period of transformation rightfully comparable to the Industrial Revolution. We may be entering an era during which the basic structures of society will shake, the forms of income will change, and wealth will be radically redistributed with new policies and criteria. Modern people are likely to know as little about the future social system as people at the beginning of the 19th century could imagine how ordinary working class people would one day be able to fly across the oceans in aeroplanes, children of working class people become presidents, or similarly successful doctor-fathers cook potatoes and then change their babies’ nappies.