Mind Matters News and Analysis on Natural and Artificial Intelligence

CategoryBusiness and Finance

Boeing 777

Boeing’s Sidelined Fuselage Robots: What Went Wrong?

It’s not what we learn, it’s what we forget

By all means, let’s build machines that enhance our abilities. But let’s not forget that the really amazing thing is not the tool, but the tool builder.

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Burnout

Boeing Workers, Please Don’t Kick the Robot on Its Way Out

The jetliner manufacturer’s decision to give the robots’ job back to machinists underlines the hard realities of automation. For example, it doesn’t always work

Robot error turned out to be a bigger problem than human error.

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Stock market Adobe Stock

Investor, AI Isn’t Your Big Fix

In investing and elsewhere, an AI label is often more effective for marketing than for performance

One company sought to leverage Watson, the AI Jeopardy champ, as a stock picker. But lightning-fast search and response don’t have much to do with predicting whether a stock goes up or down…

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Self driving car on a road. Autonomous vehicle. Inside view.

Elon Musk Walks Back Full Self-Driving Claims

His Q3 earnings call with investors was a stark contrast to earlier claims about a robotaxi fleet

Of course, Musk blames other people for “misconstruing” his claims. This certainly isn't the first time he has palmed off responsibility for his own mistakes onto others.

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Autonomous cars on a road with visible connection

Self-Driving Cars: Florida Lawmakers Speed Through Caution Signs

Legislation seems fuzzy about who accepts responsibility when things go wrong with autonomous vehicles

I believe that most autonomous vehicle manufacturers will exercise an abundance of caution. But if laws are fuzzy, reckless manufacturers may escape blame and innocent riders, drivers, and pedestrians will pay for the resultant mayhem.

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Robots welding in a production line

Robot-Proofing Your Career, Peter Thiel’s Way

Jay Richards and Larry L. Linenschmidt continue their discussion of what has changed—and what won't change—when AI disrupts the workplace

We treat the assembly line as if it has always been here, says business prof Jay Richards, but it only dates back to Henry Ford, a century ago. It’s disappearing but work isn’t disappearing. It’s just changing a lot.

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COSM-3527

Wall Street Journal columnist to Big Tech: You are doomed

Companies like Google and Facebook aren’t monsters, says Andy Kessler, but each nourishes the seeds of its own destruction

Kessler told his audience at the COSM National Technology Summit that Big Tech companies are so vulnerable that, for legal reasons, the United States is the only safe place for their headquarters.

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COSM-3188

Chair of Forbes Media Says Money Is About Trust

Experts forecast the future of money in general at COSM

Facebook wants to start minting its own money. Amazon is said to be thinking about it. Bitcoin has many enthusiasts. But what determines the value of money in a digital age?

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New York, NY - MARCH, 2019: Deepfake Face Manipulation of Asian Male

The AI Revolution Has Come for Stock Art

But we'll still need photographers and models

The new tools allow for a level of customization not previously available. They also allow for a level of anonymization.

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Hong Kong Protesters

How Business in China Becomes Ethically Expensive

Hong Kong raises the cost of rights and freedoms rhetoric steeply. Many advocates are bowing out

Apple had once positioned itself in opposition to Big Brother. The NBA had been a strong advocate of social justice. But with Hong Kong, they suddenly caved to Beijing. What’s at stake?

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Cuboid with Digital Zeros and Ones

How Much Google Do You Really Need?

As more people are becoming concerned about Big Tech’s snooping and apparent political ambitions, practical responses are emerging

Getting away from constant surveillance and dangerous little bubbles of manipulated information is easier than some users may realize, tech pioneers and experts say. You can make simple changes today.

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hype word on digital screen background with world map

If Big Tech Were Spinning Its Wheels, Would We Know?

Not necessarily, says an economics prof who worries about the slowing pace of innovation but not of hype

The slowing Funk refers to is in fundamental innovations like transistors and lasers. The apparent progress often turns out to be in patent applications for a bewildering array of comparatively insignificant mobile phone apps.

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Technocracy Alex Kotliarskyi-QBpZGqEMsKg-unsplash

Anti-Technology Backlash: What’s Real? What’s Myth?

First, the Luddites, who started it all, were smarter than many people think

But there is not much point in being a traditional Luddite today. You don’t want to smash the robot; you want to bring the price down to where you can own a piece of it.

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Stock market Carlos Muza Unsplash hpjSkU2UYSU

The Surprising Importance of a Stock’s Name

Business media have picked up on Gary Smith’s research on the importance of stock ticker names, like WOOF or BABY

The fabled Economist also chimed in, sniffing that Smith’s team’s result was “too farfetched for a sitcom”… but didn’t dispute it.

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Love Math and Computers? Whoops! Love Can Be Blind

The Great Recession shows why we can’t afford to take computers' output at face value

Professors at prestigious business schools and financial engineers with advanced degrees built mathematical models to assess the risks, but their models were deeply flawed.

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Businessman working on Desk office business financial accounting calculate

Can Accountants Survive an AI World?

Accountants, yes. Green eyeshades and masses of paper, mmm, not so much

AI in accounting means that businesses need accountants who can interpret the meaning of the blizzard of numbers more than ever. The successful accountant will increasingly have higher education and show a broad understanding of the business area and environment.

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USA and China trade war. US of America and Chinese flags crashed containers on sky at sunset background. 3d illustration

US vs. China: Trade Wars Kill Businesses Rather Than People

That’s why we don’t hear so many songs about them

Trade wars are important even if they often sound boring compared with other news. One panel at COSM will examine the underlying issues in the ongoing trade spats between the United States and China.

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5G network wireless systems and internet of things with modern city skyline. Smart city and communication network concept .

3G? 4G? 5G? What Gs Are These?

An expert COSM panel will fill us in on what the latest Generation of the internet (5G) and block chain offer us

The panelists include Jules Urbach, creator of the web’s first 3D video game platform, described by George Gilder as “the most inventive software engineer he has ever met.”

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Cash For Your Data Won’t Solve Big Tech Privacy Issues

It seems like such a great idea… at first. But how do you know what the data is really worth?

Privacy is a fundamental right tied to the person, rather than something on which a price tag can be placed, which can be sold for a fistful of dollars.

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