more-inPublic discourse around artificial intelligence (AI) is often hijacked by themes that belong in fantasy rather than the real world. But an AI that can match human intelligence in all respects is unlikely because it is impossible for AI technology to replicate that which makes human intelligence what it is — its embodiment in a biological substrate refined by millions of years of evolutionary feedback loops. The Big Data leapThis doesn’t mean the advent of AI is no cause for concern. International Data Corporation, the market intelligence agency, estimates that worldwide spending on AI solutions will grow to $57.6 billion by 2021. So, contrary to neoclassical economic wisdom, AI cannot sever the link between labour and economic value, though it does substitute dead labour (capital) for living labour.

Source: The Hindu February 20, 2018 18:32 UTC