Hi Benwood, according to some of the deep thinkers in this area of AI and machine learning.......
The 22 MIT professors who cowrote the 2016 book Machine Language 2.0 posit that with a huge percentage of the jobs being performed by humans ... will be do by AI, computers.... smart machines etc.;
that there will be so much capacity and things being produced that the Government in conjunction with big Industry will create an Universal Basic Income that everyone receive. It will not replace capitalism and
people will still be encouraged and financial rewarded for work, creativity and value added..... that additional compensatiion will buy the luxury items, exotic vacations, Gulfstream G5's and all the other goodies that the Larry Ellison's, Paul Tutor Jones , Jamie Dimon and Oprah Winfrey enjoy.......
This is one path of conjecture as to how the future shall unfold..... undoubtedly we shall see many things come to pass that as unexpected that even those who best "see around the corners" will not anticipate
here is MIT's open course menu system of courses available
ocw.mit.edu
The Singularity Is Near: When Humans Transcend Biology is a 2006 non-fiction book about artificial intelligence and the future of humanity by inventor and futurist Ray Kurzweil.
The book builds on the ideas introduced in Kurzweil's previous books, The Age of Intelligent Machines (1990) and The Age of Spiritual Machines (1999). This time, however, Kurzweil embraces the term the Singularity, which was popularized by Vernor Vinge in his 1993 essay "The Coming Technological Singularity" more than a decade earlier. [1]
Kurzweil describes his law of accelerating returns which predicts an exponential increase in technologies like computers, genetics, nanotechnology, robotics and artificial intelligence. Once the Singularity has been reached, Kurzweil says that machine intelligence will be infinitely more powerful than all human intelligence combined. Afterwards he predicts intelligence will radiate outward from the planet until it saturates the universe.
Booming economy.................. we should be so blessed... the Machine Learning age and the AI age are going to eliminate half of all of the jobs over the next 20 years.
That is why Switzerland (always on the forefront) had a ballet initiative to have a guaranteed basic income due to the machines taking over the jobs.
the 2 MIT professors who wrote the 2016 book Machine Language 2.0... both stated that this is what is coming down the pipeline.
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he has the same conclusion
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Pedro Domingos --- The Master Algorithm
a really excellent and very readable book on A I, machine learning and the ways to build better algorithms.
I found that I was reading different parts of the book.... going to the index in the back....seeing references that I wanted to know more about.... It's very accessible.
amazon.com
The Master Algorithm: How the Quest for the Ultimate Learning Machine Will Remake Our World Hardcover – September 22, 2015
by Pedro Domingos (Author
Algorithms increasingly run our lives. They find books, movies, jobs, and dates for us, manage our investments, and discover new drugs. More and more, these algorithms work by learning from the trails of data we leave in our newly digital world. Like curious children, they observe us, imitate, and experiment. And in the world’s top research labs and universities, the race is on to invent the ultimate learning algorithm: one capable of discovering any knowledge from data, and doing anything we want, before we even ask.
Machine learning is the automation of discovery—the scientific method on steroids—that enables intelligent robots and computers to program themselves. No field of science today is more important yet more shrouded in mystery. Pedro Domingos, one of thefield’s leading lights, lifts the veil for the first time to give us a peek inside the learning machines that power Google, Amazon, and your smartphone. He charts a course through machine learning’s five major schools of thought, showing how they turn ideas from neuroscience, evolution, psychology, physics, and statistics into algorithms ready to serve you. Step by step, he assembles a blueprint for the future universal learner—the Master Algorithm—and discusses what it means for you, and for the future of business, science, and society.
If data-ism is today’s rising philosophy, this book will be its bible. The quest for universal learning is one of the most significant, fascinating, and revolutionary intellectual developments of all time. A groundbreaking book, The Master Algorithm is the essential guide for anyone and everyone wanting to understand not just how the revolution will happen, but how to be at its forefront.
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