Category: Ideas

  • Money : AI :: Present : Future

    Thing

    I might have found a remedy for the Mad Men withdrawal symptoms. “Halt and Catch Fire” – that’s where the line is from. While the show has me glued, it also made me really consider the connection between money & AI.

    A key factor that is driving the increasing adoption of AI in the work context is efficiency. Somewhere in the equation of calculating efficiency lies money, and how much of it can be saved. I am ignoring ‘time’ for now, because even that, mostly comes down to “time is money”. Jobs increasingly become task oriented and the objective is to make each task more and more efficient. If we continue that way, the pessimistic AI future is easy to imagine – it will happen in a ‘frog in boiling water’ manner, but it will happen. (more…)

  • The redefinition of life

    This article about the man who was one-upping Darwin interested me a lot, because of the question he asked – What qualifies something as alive or not. His paper, currently under peer review, explains theoretically how, under certain physical circumstances, life could emerge from nonlife. Arguably, consciousness is the factor that separates life from non life. However, there’s also a new theory that proposes that consciousness is far less powerful than people believe, serving as a passive conduit rather than an active force that exerts control. The article compares it to the internet, and says that just like the internet can be used to discover, share, buy etc, it’s actually the person on the web/mobile who is actually deciding. It even argues that consciousness is not made to study itself.  (more…)

  • A responsible meritocracy

    Every story needs a hero, the one who stands up against injustice and wins. In the story of inequality, meritocracy has long been a hero. To be fair, it did quite a job, dislodging inequalities that had become systemic. But then again, to twist Ra’s al Ghul’s words “..if you devote yourself to an ideal, you become something else entirely.”

    One entity that has been at the centre of the debate around meritocracy is Silicon Valley given its influence on the immediate environment and clones developing across the globe. A popular line of thought among those who have made it there is that they earned it all on their own and are not obliged to give anything back to society. (read) (more…)

  • Re: Skill

    In The Entrepreneur and the Professional, I brought up the challenges at work faced by my generation. The focus was on an approach to work and the changes that have been forced on it because of rapidly shifting business environments. In addition to the business’ external dynamics, another factor that has been changing the organisation is the entry of a different kind of workforce.

    “How the Millennial Workforce is Changing Business” calls this a revolution, and writes further that they will prepare the organisation for the future by making them Digital, Clear, Fluid, Fast. PwC’s layered report on the same subject brings out this workforce’ motivations, acknowledges the generational tensions and suggests what the organisation would need to do to attract, develop and manage millennials.  (more…)

  • Algorithms of wealth

    Some strange quirk in the cosmic order of things led to Landmark shipping me Piketty’s ‘Capital in the Twenty-First century’ instead of Rana Dasgupta’s Capital! I kept the book (yet to read it though) because economic disparity has been an interest area for a while now, I had touched upon it in the context of AI and job loss in Artificial Humanity. Reading The Black Swan has only accelerated this interest.

    Taleb divides the world  into Mediocristan and Extremistan to point out the extent of predictability in the context. Mediocristan can safely use Gaussian distribution, (bell curve)  but in Extemistan, that’s dangerous. From what I understand, given that there’s no real limit upper limit of scale, individual wealth will increasingly behave in a more Extremistan way. To quote his own example, “You randomly sample two persons from the US population. You are told that they earn jointly a million dollars per annum. What is the most likely breakdown of their income? In Mediocristan, the most likely combination is half a million each. In Extremistan, it would be $50,000 and $950,000.” He states that almost all social matters are from Extremistan. (more…)