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Tag Archives: Algorithms.

THE BEADY EYE SAY’S: WE CAN NO LONGER BE CERTAIN ABOUT ANYTHING.

06 Thursday Feb 2020

Posted by bobdillon33@gmail.com in 2020: The year we need to change., Algorithms., Artificial Intelligence., Digital age., Fourth Industrial Revolution., Human values., Life., Technology, The essence of our humanity., The Obvious., The world to day., Unanswered Questions., WHAT IS TRUTH, What Needs to change in the World, Where's the Global Outrage.

≈ Comments Off on THE BEADY EYE SAY’S: WE CAN NO LONGER BE CERTAIN ABOUT ANYTHING.

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Algorithms trade., Algorithms., Artificial Intelligence., Big Data, Technology, The Future of Mankind

 

 Twenty four-minute read.   

We have no idea how the world will look in twenty years never mind fifty when most of this generation will be in their seventies but it is now becoming clear beyond any doubt that AI and its algorithms are drastically changing the world we live in both for the good and bad.

There is one thing for certain artificial intelligence will have and is having a more profound effect than electricity or fire. 

It will not just hack our lives our brains, it will hack or very existence.

It might well warn us about climate change, the coronavirus but it will as it is manipulate our needs and wants and beliefs. It will effectively be controlling people for both commercial and political purposes. 

Given the force of this technology to have any control left we need meaningful regulations, if not we might as well just surrender to the algorithm, which is becoming so complex that no one will understand them.

The reality is that most of us are giving rivers of free information to Big data to an extent that we will soon be unable to think for ourselves.

If we don’t get a grip by the time you reach the seventies your futures and the future of the next generations will be decided at random by nonelected platforms.  

If this is so, the decision-making process for us all become a thing of the past.

The outlook for Ai is both grim and exciting. 

Already we see data collected affecting elections, with our ability to know what is fake and what is true at the mercy of Social Media run by algorithms.  

We all know their faces: Google, Microsoft, Amazon, Facebook, Apple, Baidu in China, Twitter, Alibaba, to name a few who are already transforming the basic structure of life.

Taken together they form a global oligopoly.

These unregulated platforms are competing for dominance all with a conflict of interests. Hence their algorithms.

The chances of self introducing regulations that will affect or stop their development is pie in the sky. 

Its time we stopped thinking about AI in kind of scientific terms.

Why?

Because algorithms are making critical decisions about our lives and the tech-driven approach to governance is growing. Because any particular scenario will be far from what we think is true today and we are running out of time to do anything about it.

If we are to call a spade a spade there is no or little understanding as to how to regulate these emerging technologies.  Even if there were governments and world institutions that could do so they are largely unequipped to create and enforce any meaningful regulation for the public benefit.

 The problem is how does one regulate an Algorithm that learns. 

You might happy ceding all authority to algorithms and their owners if so you don’t have to do anything they will take care of everything.

If not algorithms are watching you right now to ensure that you do not read this post and if you do read this post they will use one of the most powerful tools in their arsenal of big data – split and divide – False News and repetition thereof for example. 

It won’t happen overnight since development cycles often take years but our collective past will become a less reliable guide and we will have to adapt to the unknown. 

Unfortunately teaching the unknown without mental balance is a disaster in waiting. 

It might be easy now to laugh at this but unless we make our voices heard instead of like clicks it will not be climate change that changes us but race bias that is already programmed into Tec world.

We’re starting to see money examples where these algorithms are prone to the kinds of biases and limitations that we see in human decision making and increasingly we are moving towards algorithms that are learning more and more from data.

 I say, learning from this data almost institutionalizes the biases.

Why?

Because they are trying to personalize the media they curate for us. They’re trying to find for us more and more of the kinds of content that we already consume.  

So what if anything can be done?

Even if we do eventually introduce regulations they will have little effect unless we find a way of sharing the benefits of AI.

The problem is that our institutions, our education models are not able to keep up with the developments in Artificial Intelligence. We are becoming more and more detached from and in decision making, contributing, and rewards.

So our governments are leaving it to the market, to the big Tec companies themselves.

If you are expecting some kind of warning when AI finally get smarter than us then think again.

I say our algorithms are hanging out with the wrong data, profit for profit sake. 

In reality, our electronic overlords are just getting started with the smartphone, the I.Pads, Alex etc taking control.  We have to think about other measures, like is there a social contribution, and what is the impact of this algorithm on society?

This requires transparency.

But how do you create transparency in a world that is getting so complex?

Here is my solution.

Pharmaceuticals are considered as the most highly regulated industries worldwide and every country has its own regulatory authority when it comes to the drug development process.

(World Health Organization (WHO), Pan American Health Organization (PAHO), World Trade Organization (WTO), International Conference on Harmonization (ICH), World Intellectual Property Organization (WIPO) are some of the international regulatory agencies and organizations which play essential role in all aspects of pharmaceutical regulations related to drug product registration, manufacturing, distribution, price control, marketing, research and development, and intellectual property protection.)

Why not put in place a new World Governing Body to test and control Al algorithms. To act as a guardian of our Basic Human Values.

If this is not done it will remain impossible to truly cooperate with an AI or a corporation until such entities have values in the same sense that we do.

So:

All Companies already using algorithms should be legally required to submit the software programs running their algorithms for audit, by an independent team to ensure that our human values are complied with.

This audit could be done by a United Nation’s programme that is agreed to world wide.

The audit process (Because algorithms are constantly evolving as they gather more data.) has to be somewhat continuous like every ten years similar to Control technique. We might also need an algorithm to monitor the auditing algorithm to ensure it is not contaminated while it goes through its refresh-cycle of the Algorithm it is auditing. 

Then they must be made transparent with a certification of acceptable behaviour.   

Transparency for end users actually is very basic.

It’s not like an end-user wants to know the inner details of every algorithm we use.

But we would actually benefit knowing what’s going on at the high level.

For example, what kinds of data are being used by the algorithms to make decisions?

Recommend transparency measures.

Keeping in mind that these algorithms are being deployed and used by humans, and for humans, anyone impacted by decisions made by algorithms should have the right to a description of the data used to train them, and details as to how that data was collected.

The public, have little understanding or access to information about how governments are using data, much of it collected quietly, to feed the algorithms that make decisions about everyday life. And, in an uncomfortable twist, the government agencies themselves often do not fully understand how algorithms influence their decisions.

Having more and more data alone will not solve the problems, gender bias, race bias.

Perhaps the notion of control may only be an illusion.

It won’t be long before they are latching on to life forms.  For example, there’s a type of machine learning algorithm known as neuro labs, and these are modelled on the human brain. What’s happening in these algorithms is they’ve taken lots of data, and they learn how to make decisions like humans have made.

I think this field hasn’t yet emerged.

Humans aren’t changing that much. But the algorithms, the way they’re created, the technological side of it, continues to change, continues to evolve. And trying to keep those things in sync seems to be the greatest challenge.

In a world where algorithms are deciding who gets what, how machine decisions are made, and how the two, can work together.

Because we are going to use these systems so much that we have to understand them at a deeper level, and we can’t be passive about it anymore because the consequences are very significant, whether we’re talking about a democracy or you know, I’m curating news stories for citizens, or we talking about use by doctors in medicine, or used in the courtroom, and so on.

It is going to be extremely important as we roll out algorithms in more and more important settings going forward we start understanding what drives trust in these machines. Understanding what are some socially important outcomes of interest, so that we order these algorithms against these socially important outcomes, like fairness and so on.

Given everything we know about the world and indeed the universe as a whole does anyone seriously believe that nationalism and popularism will help us with this technological problem. 

Let’s talk about what data are collected about us.

It is far too late to be talking about privacy that is what gets abused.

Let’s fight against everything that we can control that limits our freedom. Whether it’s an algorithm, hungry judge or greedy state backed the wrong econometric model…

We need to rethink how we do education, we have to rethink how we do regulation, and firms also need to stand up and do a better job of auditing and taking responsibility as well.

Of course, none of this will happen.

Humans are more likely to be divided between those who favour giving Algorithms and Ai significant authority to make decisions and those opposed to it with both justifying whichever position while Algorithmic logic drives greed and inequality to a point where we will lose control of transparency completely.

To stay relevant as Yuval Noha Harari says in his Book 21 Lessons for the 21st Century “we will need to be asking the questions -how am I where am I.”

There testing rarely go beyond technical measures which are causing society to become more polarized making it more unlikely that we can appreciate other viewpoints.

Just knowing that an algorithm made the decision would be a good place to start.

Was an algorithm used?

If so who does it belong to?

What kinds of data did the algorithm used?

Today, algorithms and artificial intelligence are creating a much more frightening world. High-frequency trading algorithms already rule the stock exchanges of the world.

Personally, I would neither overestimate nor underestimate the role and threat of algorithms. Behind every smart web service is some smarter web code.

So we need to make sure their design is not only informed by knowledge of the human users, but the knowledge of their design is also suitably conveyed to human users so we don’t eliminate the human from the loop completely.

If not they will become a black box, even to the engineer.

All our lives are constrained by limited space and time, limits that give rise to a particular set of problems that are being exploited by profit-seeking algorithms. 

There’s so much data out there to be analyzed. And right now it’s just sitting there not doing anything. So maybe we can come up with a solution that will at least get us started on it.

It is a fascinating topic because there are so many variables involved.

All human comments appreciated. All like clicks and abuse chucked in the bin. 

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THE BEADY EYE ASK’S: WHY IS IT THAT WE ARE ALLOWING ALGORITHMS TO RUN OUR LIVES.

28 Tuesday Jan 2020

Posted by bobdillon33@gmail.com in 2020: The year we need to change., Algorithms., Artificial Intelligence., Climate Change., Digital age., DIGITAL DICTATORSHIP., Evolution, Fourth Industrial Revolution., HUMAN INTELLIGENCE, Human values., Humanity., Inequality, Innovation., Modern day life., Post - truth politics., Reality., Robot citizenship., Sustaniability, Technology, The common good., The Future, The Internet., The Obvious., The state of the World., The world to day., Unanswered Questions., WHAT IS TRUTH, What Needs to change in the World, Where's the Global Outrage., WiFi communication.

≈ Comments Off on THE BEADY EYE ASK’S: WHY IS IT THAT WE ARE ALLOWING ALGORITHMS TO RUN OUR LIVES.

Tags

Algorithms trade., Algorithms., Artificial Intelligence., Big Data, Distribution of wealth, Inequility, Technology, The Future of Mankind, Visions of the future.

(Twenty-minute read)

Technology is getting increasingly personal.

With algorithms becoming the masters of social media are we all just becoming clickbait?

Devices are providing immediate information about our health and about what we see, where we go and where we have been.

Our lives are being shaken to their very core.

With 5G technology what we experienced at the moment will pale in comparison to the vast array of possibilities carried under its belt by this new generation of wireless connectivity, which is being built over the foundations of the previous one.

It will allow millions of devices to be connected simultaneously.

All stakeholders – business, government, society and individuals – will have to work together to adjust so these technologies and rapid changes are harnessed for the development of all, not just profit.

Swathes of the globe will be left behind.

Regardless it is no longer just about repetitive factory jobs rather an increase in inequality globally.

It is not only a moral imperative to ensure that such a scenario does not happen as it will pose a risk to global stability through channels such as global inequality, but migration also flows, and even geopolitical relations and security.

We already live in a world that has been profoundly altered by the Fourth Industrial Revolution. Yet there is not much debate on the likely size of the impact.

Why?

Because there are such divergent views it is difficult to measure.

But within the next decade, it is expected that more than a trillion sensors will be connected to the internet. By 2024, more than half of home internet traffic will be used by appliances and devices that are connected to internet platforms.

With almost everything connected, it will transform how we live never mind how we do business.

If there is no trusted institution to regulate it we can kiss our arses.

Now is the time to make sure it is changed for the better.

The internet of things will create huge amounts of data, raising concerns over who will own it and how it will be stored. And what about the possibility that your home or car could be hacked?

The internet is great for ideas, but ultimately, the things that will amaze you are not on your computer screen.

Artificial Intelligence may well invent new life forms but if we as humans do not contrive and manage global acceptable ethical parameters for all its forms – (bioengineering, gene editing, nanotechnology, and the algorithms) that run them we are more than idiots.

As Yuval Noah Harari says in his most recent book ( 21 Lessons for the 21st Century) ” There is no such thing as ‘Christian economics’, ‘Muslim economics’ or ‘Hindu economics’ ” but there will be Algorithms economics run by big brother. 

The digital age has brought us access to so much information in just a few clicks of the mouse button or the remote control everything from the news, Tv programmes with the internet becoming somewhat glorifying sensationalism rather than giving us the truth.

The question is.

Are the technologies that surround us tools that we can identify, grasp and consciously use to improve our lives?

Or are they more than that:

Powerful objects and enablers that influence our perception of the world, change our behaviour and affect what it means to be human?

What can we do?

The Second Industrial Revolution and the Third Industrial Revolution have lead us to this revolution the Fourth Industrial Revolution which can be described as the advent of “cyber-physical systems” involving entirely new capabilities for people and machines.

Unlike previous revolutions, it is not the world as a whole that will see any of its benefits or disadvantages it is individuals and groups that could win – or lose – a lot.

Unfortunately, expanded connectivity does not necessarily lead to expanded or more diverse worldviews it will be the opposite with our increased reliance on digital markets.

At the moment it’s just not very evenly distributed nor will it be.

At best we can moan about it and hope that climate change shifts our reliance on biomass as primary sources of energy.

Back to Clickbait.

The issue with clickbait is that the reader or site visitor is being manipulated into clicking something that is misleading.

Clickbait is not one-dimensional. Each time you run a Google search, scan your passport, make an online purchase or tweet, you are leaving a data trail behind that can be analysed and monetized.

Most clickbait links forward a user to a page that requires payment, registration or a series of pages that help drive views for a specific site.

It can also point to any web content that is aimed at generating online advertising revenue.

We’re all guilty of being gullible of clicking links online but Clickbait websites are notorious for spreading misinformation and creating controversy in the name of generating hits.

Have you not ever felt that you’re being played as dumb individuals whenever you watch the news or scroll through a media site?

Thanks to supercomputers and algorithms, we can make sense of massive amounts of data in real-time. Computers are already making decisions based on this information, and in less than 10 years computer processors are expected to reach the processing power of the human brain. A convergence of the digital, physical and biological spheres challenging our notion of what it means to be human.

Today, 43% of the world’s population is connected to the internet, mostly in developed countries.

Cooperation is “the only thing that will redeem mankind”.

We can use the Fourth Industrial Revolution to lift humanity into a new collective and moral consciousness based on a shared sense of destiny, and that’s until 6G comes along or living robots.

All human comments appreciated. All like clicks and abuse chucked in the bin.

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THE BEADY EYE ASK’S. WHY IS THE OBVIOUS SO DIFFICULT TO RECOGNIZE?

20 Monday Jan 2020

Posted by bobdillon33@gmail.com in #whatif.com, 2020: The year we need to change., Algorithms., Artificial Intelligence., Digital age., Facebook, Fourth Industrial Revolution., Google, HUMAN INTELLIGENCE, Human values., Humanity., Life., Modern day life., Nanotechnology, Our Common Values., Post - truth politics., Reality., Robot citizenship., Social Media, Sustaniability, Technology, The common good., The essence of our humanity., The Future, The Obvious., The world to day., Unanswered Questions., WHAT IS TRUTH, What Needs to change in the World, Where's the Global Outrage., World Organisations., World Politics

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Tags

Algorithms., “Crises” facing humanity., Common sense., The Obvious.

 

(Twelve-minute read) 

We live in a world where the obvious cannot be addressed.

Each and every aspect of our daily lives, work, relationships are somehow influenced or mediated by technology today, not only as individuals but collectives.

It makes one wonder about the sheer volume of ignorance which not only allows the same problems to persist decade after decade but to even get worse.

It is obvious that our very sustainability is under threat but we remain “Oblivious”

Why? 

Consider the paradoxical and strategic implications of the fact that people do not perceive things being too small or too big, too far away or too close, too wide or too narrow, too unimportant or too important for us, too slow and gradual or too sudden and fast, always present or usually absent, too often repeated or not often enough to be remarked, too general, complicated and abstract or too simple, too respectable or too unworthy, too familiar or too alien, too similar or too different too few or too many… Imagine the practical implications of such blindness!

Some of the biggest things around us dissolve into background scene, too huge to count and seemingly too big to fail.

To defeat this blindness we must ask what exactly is obvious? Why? obvious to whom? To me? to you? To everybody? Everywhere? All the time? 

Decisions about technology should not be irreversibly delegated to technocrats, corporations and tech monopolies. 

We think unknowingly with other people’s thoughts.

The conclusion is that our senses and memories cheat us, our common sense is no good and our judgement false.

It is self-evident that basic assumptions are the riverbeds of our thoughts, the compass of our judgment and choices and our actions; most of them we inherited from trusted people and from authorities, they look inherent, seem to be there from eternity, as if out of sight, so that we would not question them.

This is now leading to a ready-made thinking world of algorithms used by Facebook- Utube – Google – Smartphones -Twitter -and Social media. An invisible prison of social media where it is easier to observe other people’s basic assumptions than yours; particularly when they are dissimilar with yours; then, other people have not yet grown into your culture may be useful to detect your unquestionable beliefs; especially very different people coming from somewhere else; or you, visiting somewhere else.

I do not see much good in convincing people not to trust their own mind; we must instead accept and work around this “blindness” without moving our life into monasteries at the feet of gurus or into laboratories at the feet of the experts of the day.

After a while, you don’t notice. They become references.

The Right to an Algorithmic Opt-Out…

How to notice, by ourselves, the obvious turned imperceptible? How to detect it, how to discern it from the merely neutral “obvious” background? How to evaluate the importance and potential of change of something so evident that it escapes your attention?  How to wake up to it? How to seek and get help? How to help other people to do the same? What to do when people cannot or do not want to see the obvious? How to awaken people?

The question is still “How to open my eyes when they are open already?”

The intelligent reason should visit its basic assumptions, regularly; but it doesn’t.

Our worst enemy in discerning the obvious is a certainty, to be convinced that we know it all and that the obvious is obvious for us.

The obvious is best disguised into itself. One obvious hide another.

How banal to say that the obvious is that which is right in front of us, readily accessible to our observation, to our senses or being credible knowledge we have!

With commercial profit-seeking algorithms, this hidden price of selective blindness and thus freedom diminished.

if you repeat slogans endlessly they will become obvious for you (even some false ones), and you will end up believing them.

The most amazing for me is to observe how we only apprehend things fit to our size and relative to us. We do not grasp the incommensurable, out of proportion with us, with which we have no common standard of measurement: the trillions of billions.

Because of compression, we have become an incredibly stupid species.

The obvious known comes alive for us to do something about it only when understanding turns it into a personal image, vivid and simple enough to be of our size; otherwise, we stay paralysed and dumb. 

Perhaps it because our body believes that big things don’t move and unmoving things are harmless. 

Perhaps its because we are weak, unable to face them and we allow our judgment to slumber; we do not see what we do not wish to see, hoping that it will go away or solve itself.

Perhaps only when understood does the evidence become awareness, we are able to respond to, so that we would do something because of what it means. 

Perhaps figuring out that the elusive 20th-century social contract is gone, is too enormous for us. Therefore we will go on like cattle to the slaughterhouse. 

Why is this becoming true? 

Because as Wittgenstein, Ludwig, Philosophical Investigations states. 

“The aspects of things that are most important for us are hidden because of their simplicity and familiarity. (One is unable to notice something because it is always before one’s eyes.) The real foundations of their inquiry do not strike people at all. Unless that fact has at some time struck them. And this means: we fail to be struck by what, once seen, is most striking and most powerful.”

Only by understanding how and when common sense fails can we improve how we plan for the future. 

Then, question and challenge the obvious at the root: “Why exactly it must be so? Why it is impossible? Who says so? Where is it necessary or impossible? Only here or everywhere? Really?! For whom; for you or for the entire humanity? With what means? At what size? Within what frame of time? Forever? Which pieces in this puzzle would, if changed, make the impossible possible and the necessary less so? Maybe you or somebody else, somewhere else, with different means have other self-evidence. 

Where it will end?

Either there will be a technological or psychological breakthrough or we will see worldwide degradation like we’ve never seen before.

Old labels often obscure the obvious. 


 

I’d like to state the obvious:

Problem-solving is the only thing in life that holds value. Anything that isn’t a solution to a problem is pure excess.

The truth is that the world is not a democracy. We don’t all decide what is best – only a select few do.

We are egocentric through and through – but creating a lasting, meaningful change feeds our egos like nothing else.

Unfortunately, creating change takes time, patience and perseverance.

It appears that for every one step we take forward as a global community, we end up taking two steps backwards.

Every problem in the world is a function that is processed in an environment, on a platform with certain bounds, certain rules, and certain major players.

As far as I can see, life has little certain purpose. If there is a real reason for it, then we have to accept that we simply don’t know the reason.

However, don’t give up until you have to – until there is a better, more logical option.

Big ideas can change the world, can’t they?

Of course, we don’t know. Nobody does. It is really about what we want to happen and whether we go out there and make it happen.

Will we be able to shift direction to avoid the worst impacts of climate change?

Yes.

We face risks, called existential risks, that threaten to wipe out humanity.

These risks are not just for big disasters, but for the disasters that could end history.

Nuclear war.

Climate Change.

Bioengineered pandemic.

Superintelligence.

Nanotechnology.

Inequality. 

Unknown unknowns.

Anyone of them might mean that value itself becomes absent from the universe.

In doing so we will get the economy back on its feet again and re-orientate our financial institutions so that they cannot place the world in a similar situation to what we experienced in 2008.

In the daily hubbub of current “crises” facing humanity, we forget about the many generations we hope are yet to come.

All human comments appreciated. All like clicks and abuse chucked in the bin.

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THE BEADY EYE ASK’S: IS THE ACCELERATING TECHNOLOGY AND THE ONGOING REVOLUTION IN INFORMATION MAKING THE WORLD SO COMPLICATED IT IS NOW BEYOND OUR UNDERSTANDING.

11 Saturday Jan 2020

Posted by bobdillon33@gmail.com in Algorithms., Artificial Intelligence.

≈ Comments Off on THE BEADY EYE ASK’S: IS THE ACCELERATING TECHNOLOGY AND THE ONGOING REVOLUTION IN INFORMATION MAKING THE WORLD SO COMPLICATED IT IS NOW BEYOND OUR UNDERSTANDING.

Tags

Algorithms trade., Algorithms., Artificial Intelligence., Big Data, Community cohesion, Distribution of wealth, Earth, Technology, The Future of Mankind, Visions of the future.

 

 

The plain truth can often be so obvious as to be invisible.

There are so many obstacles to change on the scale we so desperately need.

We are fast reaching a point that no humans can or will be able to understand the world we live in.

We pass this way just once.

Artificial algorithms are taking over.

Yuval Noah Harari in his latest book ( 21 lessons for the 21st Century) puts his finger on the problem.

” In the coming century biotech and infotech will give us the power to manipulate the world inside us and reshape ourselves, but because we don’t understand our own minds, the changes we will make might upset our mental system to such an extent that it too might brake down.

Surely its time we stop being the free fodder that feds big data. It’s much harder to struggle against irrelevance than against exploitation.

What will be the point to education if algorithms make us redundant?

It is difficult to discern world-wise whether there is any sincere conversation on AI Ethics.

Is it being addressed by any of the big tech companies or are they just giving token nods to what is right or wrong, while taking advantage of all human beings out there?

Are there just pushback from the outside organisations.

What we are witnessing is their profit growth with economic disparity worldwide increases at a starting rate. This certainly rings true if one looks at the state of the world with people judged by their wealth.

So what is the ethics of creating a sentient life form on a planet that is burning?

Perhaps it will be for the best if we continue not to understand the planet we all live on and leave it to AI to sort us out.

Or can we now start contributing to better governance solutions?

If we don’t grasp the nettle soon there will be no coming back.

To have any relevance now and in the future, we need billions to take to the streets to demand the sustainability of our planet (Human vote with their feet, not Social media) before profit-making goes underground.

When it comes to making the world a better place, corporations are often accused of apathy (the flip-side of blind self-interest). But if consumers are truly committed to social change, they must answer the same challenge.

If we can get consumers to make mindful shopping choices, to support brands that act responsibly and to purchase goods from those that dedicate a portion of the sale proceeds to causes, we are well on our way to re-purposing everyday purchases.

All human comments appreciated. All like clicks and abuse chucked in the bin.

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THE BEADY EYE SAYS; SO YOU ARE NOW 30 BY THE TIME YOU ARE 70 HERE IS WHAT A DAY IN YOUR LIFE WILL LOOK LIKE.

10 Friday Jan 2020

Posted by bobdillon33@gmail.com in 2020: The year we need to change., Algorithms., Artificial Intelligence., Communication., Dehumanization., Digital age., DIGITAL DICTATORSHIP., Digital Friendship., Evolution, Fourth Industrial Revolution., HUMAN INTELLIGENCE, Humanity., Life., Modern day life., Our Common Values., Reality., Robot citizenship., Social Media, Sustaniability, Technology, The common good., The essence of our humanity., The Future, The Obvious., The state of the World., The world to day., Unanswered Questions., WHAT IS TRUTH, What Needs to change in the World, Where's the Global Outrage.

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0.05% Aid Commission, Age of Uncertainty, AI, AI systems., Algorithms., Artificial Intelligence., Artificial life.

(Twenty-minute read)

The Dead Sea will be almost completely dried up, nearly half of the Amazon rainforest will have been deforested, wildfires will spread like, umm, wildfire, and the polar ice caps will be only 60 per cent the size they are now.

Wars will involve not only land and sea but space. Superhurricanes will become a regular occurrence.

Should you be worried, of course not AI/Algorithms are here to guide you.

AI-related advancements have grown from strength to strength in the last decade.

Right now there are people coming up with new algorithms by applying evolutionary techniques to the vast amounts of big data via genetic programming to find optimisations and improve your life in different fields.

The amount of data we have available to us now means that we can no longer think in discrete terms. This is what big data forces us to do.

It forces us to take a step back, an abstract step back to find a way to cope with the tidal wave of data flooding our systems. With big data, we are looking for patterns that match the data and algorithms are enabling us to find patterns via clustering, classification, machine learning and any other number of new techniques.

To find the patterns you or I cannot see. They create the code we need to do this and give birth to learner algorithms that can be used to create new algorithms.

So do you remember a time, initially, when it was possible to pass on all knowledge through the form of dialogue from generation to generation, parent to child, teacher to student?  Indeed, the character of Socrates in Plato’s “Phaedrus” worried that this technological shift to writing and books was a much poorer medium than dialogue and would diminish our ability to develop true wisdom and knowledge.

Needless to say that I don’t think Socrates would have been a fan of Social Media or TV.

The machine learning algorithms have become like a hammer at the hands of data scientists. Everything looks like a nail to be hit upon.

In due process, the wrong application or overkill of machine learning will cause disenchantment among people when it does not deliver value.

It will be a self-inflicted  ‘AI Winter’.

So here is what your day at 70th might be.

Welcome to the world of permanent change—a world defined not by heavy industrial machines that are modified infrequently, but by software that is always in flux.

Algorithms are everywhere. They decide what results you see in an internet search, and what adverts appear next to them. They choose which friends you hear from on social networks. They fix prices for air tickets and home loans. They may decide if you’re a valid target for the intelligence services. They may even decide if you have the right to vote.

7.30 am 

Personalised Health Algorithm report.

Sleep pattern good. Anxiety normal, deficient in vitamin C. Sperm count normal.

Results of body scan sent health network.

7.35 am

House Management Algorithm Report.

Temperature 65c. House secure. Windows/ Doors closed Catflap open. Heating off. Green Energy usage 2.3 Kwh per minute. (Advertisement to change provider.) Shower running, Water flow and temperature adjusted, shower head hight adjusted. House Natural light adjusted. Confirmation that smartphone and I pad fully charges. Robotic housemaid programmed.

8 am.

Personalised Shopping/Provisions Algorithm report.

Refrigerators will be seamlessly integrated with online supermarkets, so a new tub of peanut butter will be on its way to your door by drone delivery before you even finish the last one.

8.45 am. Appointments Algorithm.

Virtual reality appointment with a local doctor.

Voice mails and emails and the calendar check.

A device in your head might eliminate the need for a computer screen by projecting images (from a Skype meeting, a video game, or whatever) directly into your field of vision from within. It checks

9 am.

Personalised Financial Algorithm.

Balance of credit cards and bank accounts including citizen credit /loyalty points. Value of shares/ pension fund updated.

10 am. Still in your Dressing gown.

11 am.  The self-drive car starts. Seats automatically shift and rearrange themselves to provide maximum comfort. Personalised News and Weather Algorithm gives a report. The car books parking spot places order for coffee. Over coffee, you rent out a robot in Dublin and have it do the legwork for your forthcoming visiting – hotels.

12 pm.

Hologram of your boss in your living room.

1 pm.

Virtual work meeting to discuss the solitary nature of remote work.

Face-to-face meeting arranged.

 

2 pm. Home. Lunch delivered.

3 pm. Sporting activity with a virtual coach.

5 pm. Home

7 30 pm.

Discuss and view the Dubin robot walk around containing video and audio report. 

Dinner delivered. Six quests. The home management algorithm rearranges the furniture.

8 30 pm

Virtual helmets on for some after-dinner entertainment.

10 pm 

Ask Alixia to shut the house down not before you answer Alixia question to score points and a chance to win — Cash- Holiday- Dinner for two- a discount on Amazon- e bay- or a spot of online gambling.

                                                       ———

The fourth industrial revolution is not simply an opportunity. It matters what kind of opportunity is for whom and under what terms.

We need to start thinking about algorithms.

The core issue here is of course who will own the basic infrastructure of our future which is going to be effect all sectors of society.

They are not just for mathematicians or academics. There are algorithms all around us and you don’t need to know how to code to use them or understand them.

We need to better understand them to better understand, and control, our own futures. To achieve this we need to better understand how these algorithms work and how to tailor them to suit our needs. Otherwise, we will be unable to fully unlock the potential of this abstract transition because machine learning automates automation itself.

The new digital economy, akin to learning to read, has obscured our view of algorithms. Algorithms are increasingly part of our everyday lives, from recommending our films to filtering our news and finding our partners.

Building a solid foundation now for governance for AI the need to use AI responsibly
and to consider the broader reaching implications of this transformational technology’s use.

The world population will be over 9 billion with the majority of people will live in cities.

So here are a few questions at 30 you might want to consider.

How does the software we use influence what we express and imagine?

Shall we continue to accept the decisions made for us by algorithms if we don’t know how they operate?

What does it mean to be a citizen of a software society?

These and many other important questions are waiting to be analyzed.

If we reduce each complex system to a one-page description of its algorithm, will we capture enough of software behaviour?

Or will the nuances of particular decisions made by software in every particular case be lost?

You don’t need a therapist; they need an algorithm.

We may never really grasp the alienness of algorithms. But that doesn’t mean we can’t learn to live with them.

Unfortunately, their decisions can run counter to our ideas of fairness. Algorithms don’t see humans the same way other humans do.

What are we doing about confronting any of this –  Nothing much.

So its no wonder that people start to worry about what’s left for human beings to do.

All human comments appreciated. All like clicks and abuse chucked in the bin.

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THE BEADY EYE ASK’S: IS IT TIME TO REGULATE SOCIAL MEDIA PLATFORMS WITH LAWS.

25 Monday Nov 2019

Posted by bobdillon33@gmail.com in 2019: The Year of Disconnection., Algorithms., Democracy, Digital Friendship., Elections/ Voting, Facebook., Fourth Industrial Revolution., Google, Humanity., Modern Day Democracy., Modern day life., Our Common Values., Politics., Reality., Social Media, The common good., The essence of our humanity., The Obvious., The pursuit of profit., The state of the World., The world to day., Twitter, Unanswered Questions., What Needs to change in the World, World Politics

≈ Comments Off on THE BEADY EYE ASK’S: IS IT TIME TO REGULATE SOCIAL MEDIA PLATFORMS WITH LAWS.

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Algorithms., Capitalism and Greed, Facebook and Society., Google/Amazon/Facebook/Twitter, Platforms regulation/laws., Social Media, Social media platforms., The Future of Mankind

 

 

(Ten-minute read) 

The beady eye is far from the first voice to ask this question and it certainly will not be the last.

We might even come to “question whether we still have free will.

There is no doubting that the social web has created amazing opportunities to learn, discover, connect, but its downside as it penetrates our daily lives is becoming more and more prevalent in the creation of our future lives and the societies we live in.

If the public discussion is shifting increasingly to online fora, and those fora are having more and more influence over democracy it becomes increasingly important to apply principles to them. 

Honest political debate is essential for the health of a democracy.  

If discussions of import move into space where they can be readily censored, then we will simply no longer live in a society with a free exchange of ideas, because the playing field will always be tilted.

One only has to look at how social media platforms are amplifying what is wrong with the world.  

While we all reveal a huge amount of personal information online we are losing the ability to determine honest facts that democracy depends.

Basically, companies that run social media platforms are monopolies or near-monopolies in their areas of operation, and the only way we can achieve the desired outcomes is through clear, effective legal regulations. 

We can’t always control how others use their platforms but we can apply the same regulations that govern all other forms of Media.

The public cannot rely on these company’s self-regulation, because self-regulation raises more questions than it answers.

The fact is that the formation of a platform takes place in a vacuum, whereas the formation of any competitors do not, so they cannot be considered parallels in any way. 

If we take companies like Facebook and Google they both derive most of their revenue from advertising. They essentially constitute a duopoly because they have access to the best data about individuals. Every memory, picture, emoji, song, video, link, gripe, fear, hope, want, dream and bad political opinion posted is mined and monetized as data.

As a result of their algorithms, they are creating and reinforcing divided and insular online communities that do not interact with people or information with which they disagreed.

At the end of the day, how Facebook and Google conduct their businesses undermines privacy and raises questions about ethical behaviour in the uses of our information and their role in society.

The Internet is a “utility” like water or electricity. It is essential to modern life, not an optional subscription service.

Determining how to regulate Facebook or any other platform may first require some kind of definition of what it is.

Facebook brags about connecting us to our family and friends — but it also about directly influencing the outcomes of elections across the globe.

It sits on top of industries including journalism, where it, together with Google, essentially controls the distribution channels for online news and, in effect, the way people discover information about politics, government and society.

They ( Google, Facebook, Twitter,etc) have figured out how to take advantage of this dynamic to distribute false information about political candidates and hot-button political issues in order to drive up traffic and advertising revenue.

Protecting our community is more important than maximizing their profits.

They are given protections that no one can sue them for any reason — that is Google and Facebook nither are responsible for the fake news that appears on their sites.

They are completely shielded from any responsibility for the content that appears on their service.

Changes to legal protection (which has been interpreted by judges to provide a safe harbour for online platforms even when they pay to distribute others’ content and decline the option to impose editorial oversight) would likely be devastating to online platforms like Google and Facebook and would transform the way people interact across the entire internet.

However, with legal protection, sites like these could be held responsible for libellous comments posted by readers, Google could lose lawsuits over potentially false or defamatory information surfacing in search results, and Facebook could be sued for any potentially libellous comment made by anyone on its platform against any other person.

The legal bills to defend against libel and defamation claims would be enormous.

We all need protection and the ability to request platforms to provide us with control over online information by making it accessible and removable at an individual’s request.

The government, on the other hand, has a regulatory intent to protect citizens from content that is obscene or violent.

Should Facebook and their like be regulated?

A question that is never going to end. 

However, until we recognize that there is no fool-proof safeguard to keep horrific content away from the eyes of children we rely on huge fines to the detriment of us all. 

Till then with all internet platforms deflecting criticism, social media will be more psychologically damaging than anyone expected. 

We need a radical shift in the balance of power between the platforms and the people.

It is beyond comprehension that we tolerate the present position.

Or is it? When you see the below.   

Would you ever be prepared to use a nuclear weapon?

This question is increasingly put to politicians as some kind of virility test.

The subtext is that to be a credible political leader, you must be willing to use an indiscriminate weapon of mass destruction.

We should be baulking at the casual way in which political discourse on this topic has developed which is politically unacceptable and morally despicable. 

If a mainstream politician unblinkingly said that they would use chemical weapons against civilians there would be uproar. If a self-proclaimed candidate for prime minister boasted that they would commit war crimes, it would be a national scandal. Nuclear weapons should be seen no differently. 

It’s time that nuclear advocates spelt out the reality of what their position means.

The human race is so good at speaking, it’s lost the art of listening.

It might be easy to brush away the febrile atmosphere online as a nasty byproduct of free expression: I don’t want Facebook having everyone’s verified identities. I do want their platform and other platforms to be held responsible legally for content that is false, racest, hateful, rightwing fascist propaganda.  

I do know that if the big platforms, as they already do in part, forced some verifiable information to back up use, we could tame this wild west with legal requirements

I’ll give up on the consensus-building when I can open a platform knowing who to hold legally responsible.  


All human comments appreciated. All like clicks and abuse chucked in the bin. 

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THE BEADY EYE ASK’S: WILL ARTIFICIAL INTELLIGENCE SEE THE END OF DETERMINING MEANING.

23 Saturday Nov 2019

Posted by bobdillon33@gmail.com in Algorithms.

≈ Comments Off on THE BEADY EYE ASK’S: WILL ARTIFICIAL INTELLIGENCE SEE THE END OF DETERMINING MEANING.

Tags

Algorithms trade., Algorithms., Artificial Intelligence., Technology, The Future of Mankind, Visions of the future.

 

(Five-minute read)

We all know that new data-driven technology is transforming our society.

Our digital society is creating new and profound challenges and carry significant ethical risks to us all.

To be human means that you are persuadable in every single moment.

If you need any evidence of this you don’t have to look any further than the current impeachment hearing in the USA and England with its general election.

The troubling influence algorithms have on how we make decisions are now treating the foundations of our Societies.

Algorithms are now usually a component in a broader decision- making process involving human decision-makers. Far from being neutral and all-knowing decision tools, complex algorithms are shaped by humans, who are, for all intents and purposes, imperfect.

Determining the meaning of sensory input is one of the most constantly ongoing, and important, functions of any brain. By refining our awareness, we transform existence into beauty, thinking into philosophy.How Artificial Intelligence Will Revolutionize Our Lives

Our increasing reliance on artificial intelligence is destroying the meaning of life.

Few of us understand them or the implications they are having or will have. .

They are taking the creativity away from the decision-making process for instance.

They could turn us humans into mush-minded creatures who can’t be bothered to make our own choices.

What if the new algorithm rated my friend and another woman as a 90% match, would that mean he would simply trust the algorithm and go straight for a proposal of marriage?

Important parts of our lives are being run by AI without sufficient scrutiny.

Self-learning systems are not autonomous systems however they could lead to a Master Algorithm that could match Einstein’s theory of relativity in its world-transformative power.

Algorithms are changing our relationship with each other, with doctors, police, politics, work, health care.

They are at work where ever you look. When you do a web search, machine learning chooses the results you get. Interactive processing allowing the software to learn automatically from patterns. Algorithms are not only being used just to make a profit but life-changing decisions, from your Credit rating, how your will and who you will vote for.

With machine learning, you are programming a computer to learn by itself.

Amazon uses them to recommend products; Netflix uses them to recommend movies; Facebook and Twitter use them to choose which posts to show you.

Pretty much everything that happens online involves machine learning.

So are we putting to much trust in smart systems that learn from data?

The systems are only as good as the data it learns from.

Their goal is to provide software that can reason on input and explain on output by becoming classifiers and predictors.

Alexa – Google is an example. Like most machine-learning algorithms, Google not only analyses our behaviour: it shapes it. This goes round and round until one viewpoint dominates people’s thinking. It will control the information its algorithm pays attention to and the secretive nature of algorithms means people cannot scrutinise the decisions they make.

Since much of the data that is feed into AI’s is imperfect and bias the decision processes built on top of the Ai’s need to be made open to scrutiny.

Why?

Because Algorithms learn differently than us. They look at things differently.

It might enhance the speed, precision and effectiveness of human efforts but in the long run, it will replace our decision making.

They are also moving into areas where the benefits to those applying them may not be matched by the benefits to those subject to their ‘decisions’— We have to demand to know what kind of influence these algorithms have over us.

Google is an algorithm that we are all familiar with, but it is far from being the only algorithmic decision-making tool to influencing our daily lives.

What can be done to combat their growing influence?

Governments should play their part in the algorithms revolution in two ways

Governments should produce, publish, and maintain a list of where algorithms with significant impacts are being used.

The index to the internet should be a public instrument, owned and controlled by the public. It should be a public utility. It should be an index, pure and simple – not a tracking device or a mechanism of manipulation, put the control of algorithms back into the hands of the people that are affected by them.

Government oversight of such algorithms, where they are used by the
public sector, and to co-ordinate departments’ approaches to the development and
deployment of algorithms and partnerships with the private sector.

Governments should offer significant rewards for societies that can find the right combination of market-driven innovation and regulation to maximise the benefits of data-driven technology and minimise the harms.

We must subsequently make decisions that require value judgements and trade-offs between competing values.

New functions and actors, such as third party auditors, may also be required to independently verify claims made by organisations about how their algorithms operate.

Many of the most consequential algorithms currently being used in the public and private domains are complex and opaque, making it hard to attribute accountability to their actions.

Humans are often trusted to make these trade-offs without having to explicitly state how much weight they have put on different considerations. Algorithms are different. They are programmed to make trade-offs according to unambiguous rules.

The ethical questions in relation to bias in algorithmic decision-making vary depending on the context.

For example, High-frequency trading is an algorithm-fueled method of buying and selling stocks – among other things.

The fact that while the problematic implications of many algorithms have been exposed, we may have only just begun to skim the surface.

Improving transparency, however, is no easy task.

Companies with algorithmic products would lose their competitive edge if they were forced to make their algorithms public.

Transparency is not enough. In fact, because algorithms are quite complicated.

This is a simple matter.

What is required is a means of certification as to whether an algorithm is safe or fair to use.

Who knows, an algorithmic slider could, one day, form part of our daily lexicon. But, in the meantime, algorithms need to be managed; ensuring those with the power to shape our lives do so with some code of conduct.

In the end, all technology revolutions are propelled not just by discovery, but also by business and societal need. We pursue these new possibilities not because we can, but because we must.

As I have already said  “To be human means that you are pursuable in every single moment”

This morning without any action on my part through the post I am in receipt of an Amazon prime video card.

All human comments appreciated. All like clicks and abuse chucked in the bin.

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THE BEADY EYE ASK’S. WITH THE SATURATION OF THE WEB BY GREEDY ALGORITHMS ARE WE SEEING THE END OF CHOICE.

20 Wednesday Nov 2019

Posted by bobdillon33@gmail.com in 2019: The Year of Disconnection., Algorithms., Artificial Intelligence., Dehumanization., Democracy., Digital Friendship., Education, Elections/ Voting, Fake News., Fourth Industrial Revolution., HUMAN INTELLIGENCE, Modern Day Democracy., Modern day life., Our Common Values., Post - truth politics., Reality., Robot citizenship., Social Media, The common good., The essence of our humanity., The Obvious., The world to day., Unanswered Questions., WHAT IS TRUTH, What Needs to change in the World

≈ Comments Off on THE BEADY EYE ASK’S. WITH THE SATURATION OF THE WEB BY GREEDY ALGORITHMS ARE WE SEEING THE END OF CHOICE.

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Algorithms., Artificial Intelligence., Democracy, Future Choice., Future generations., Future Society., Social Media, The future effect of the Internet, The Web., Visions of the future.

 

(Seven-minute read) 

The degree of choice on the web can be overwhelming, but who, exactly, is making the “Choice”

Has The web has been highjacked by Google, Microsoft, Apple, and Social Media and their like?

Why?

Besause they are absorbing their users’ personal data and feeding greedy algrithms who in the end are disempowered by isolation from the wider web. 

(By clicking continue below and using our sites or applications, you agree that we and our third party advertisers can:)

Greedy algorithms can be characterized as being ‘short-sighted’, and also as ‘non-recoverable’. The choice made by a greedy algorithm may depend on choices made so far, but not on future choices or all the solutions to the subproblem.

It is important, however, to note that the greedy algorithm can be used as a selection algorithm to prioritize options within a search, or branch-and-bound algorithm. They iteratively make one greedy choice after another, reducing each given problem into a smaller one.

They can make commitments to certain choices too early which prevent them from finding the best overall solution later.

Without any accountability, they are drastically changing the ways we conduct our daily lives.

There are a few variations to the greedy algorithm:

  • Pure greedy algorithms.
  • Orthogonal greedy algorithms.
  • Relaxed greedy algorithms.
  • It’s no wonder that Berners-Lee isn’t particularly pleased with the way things have gone with his creation.

With Social networks, slowly algorithms are growing more and more powerful and their predictions growing more accurate. It won’t be long before we could see living, breathing, as the choices of a greedy algorithm.  

In other words, a greedy algorithm never reconsiders its choices. 

The web is cleaving into the haves and have-nots of news readership. Wealthy readers will pay to opt-out of advertising; less privileged readers will have to stick with news that’s ad-supported.

For example, take Google, one of the leaders in using big data and algorithms to support human decision-making. Google has developed both a hiring algorithm and a retention algorithm it analyzes candidates against this profile to make hiring decisions.

Algorithms to develop lists of “flight risks” — that is, people who are likely to leave their jobs soon. 

Amazon’s Choice” algorithm, which leverages a machine learning model to discern what products a customer most likely wants. Amazon Alexa and other voice assistants are drastically changing the ways consumers encounter products.

Customers are no longer putting themselves in front of physical products before purchasing them.

As more users are turning to voice ordering through the Amazon Alexa platform and its competitors we are losing control over our personal data. 

Hopefully, Amazon’s algorithms are capable of remaining unbiased.

(We can make whatever choice seems best at the moment and then solve the subproblems that arise later.) 

On top of all of this, we have all become blind to the damage that the internet can do to even a well-functioning democracy. Brexit/ USA.

It might be true that around the world, social media is making it easier for people to have a voice in government — to discuss issues, organize around causes, and hold leaders accountable, but these governments are winning elections by false news, echo chambers where people only see viewpoints they agree with — further driving us apart.

Social media can distort policymakers’ perception of public opinion.

If there’s one fundamental truth about social media’s impact on democracy it’s that it amplifies human intent — both good and bad.

Unprecedented numbers of people channel their political energy through this medium, it’s being used in unforeseen ways with societal repercussions that were never anticipated. 

So it is inevitable that Facebook to influence public sentiment — essentially using social media as an information weapon.

Some 87% of governments around the world have a presence on Facebook.

And they’re listening — and responding — to what they hear.

Misinformation campaigns are not amateur operations.

Increasingly the web will become profoundly useless unless we demand the Web we want from Governments and the Monomorphic platforms that dominate it today. 

We are all part of the web so what we endorse must be questioned as to the transparency as to where the information comes from in the first place.

Today the bulk of people who are or not doing this are isolated from each other by Apps.

The like button is not a public metric for the popularity of content. It is a flattener of credibility.

There is no point waking in the morning with Alexa telling you what to do, where to go and what it has bought and who to vote for.  

Even if social media could be cured of its outrage -enhancing effects it is undermining democracy.

Even though we have unprecedented access to all that was ever written and digitized we are less familiar with the accumulated wisdom of humanity becoming more and more misguided. 

The Web is now a global experiment that will test the very foundation of our global communities

There can not be self -governance for the web.

Fake news, Racism, Pornographic content and unfounded crap should be removed by not allowing anything to be posted without a traceable verified name or source.  

Are you sure you want to post this? It is your choice and your choice alone.

Perhaps its time we all franchise our data as we are entering into a continuous partnership so both parties need to be confident it’s the right fit. It’s all a choice. Just do something about it- YOU CAN, what is true technology integration? 

How we are going to learn content is one of the ways forward.

In fact, everywhere we look we are starting to be presented with more choices.

Resolve to avoid false comparisons on the web is not possible so the future of the web is all about choice but it is important to understand the paradox of choice.

Choice without education or choice with education.

you ultimately do have to choose. so be the difference that

makes the difference. 

 

Events change our perception and our perspective changes

with experience but at least let our choices about Our lives

which are constantly in flux be our choices. 

All human comments appreciated. All like clicks and abuse chucked in the bin. 

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THE BEADY EYE OBSERVES WHAT TECHNOLOGY IS DOING TO THE PURSUIT OF PROFIT.

05 Tuesday Nov 2019

Posted by bobdillon33@gmail.com in 2019: The Year of Disconnection., Algorithms., Artificial Intelligence., Capitalism, Climate Change., Fourth Industrial Revolution., Inequality, Modern day life., Our Common Values., Politics., Reality., Sovereign wealth fund, Technology, The common good., The pursuit of profit., The state of the World., The world to day., Unanswered Questions., Wealth., WHAT IS TRUTH, What Needs to change in the World, Where's the Global Outrage., WORLD POVERTY WHERE'S THE GLOBAL OUTRAGE

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Algorithms trade., Algorithms., Artificial Intelligence., Business and Economy, Capitalism, Capitalism and Greed, Distribution of wealth, Globalization, Inequility, Sovereign wealth fund, Technology, The Future of Mankind, Visions of the future., World aid commission

 

( A twenty-minute read)

The Internet is an incredibly spectacular thing, and only now — after so many years — we are understanding its power.

In spite (and many times because of) all the social media and internet news, we tend to have a skewed view of the world around us.

But there is one thing that is certain.

It has given rise to highly profitable digital platform monopolies, ‘superstar firms’ which are able to use aggregation and analysis of data to make supernormal profits which are disappearing into the cloud.

But what’s really happening in the global economy?

These multi-conglomerations dominate not just the current digital markets but future ones in artificial intelligence and machine learning, with workforces which are relatively small proportional to value-added, putting downward pressure on labour’s share of income.

It is becoming easier and cheaper to replace human work by increasingly
capable robots and artificial intelligence, this automation will accentuate existing trends in the capital and labour shares.

Whatever the future path of the global economy, with growing automation in

the economies of the world substituting capital for labour more and more

of the wealthiest fortunes are held almost exclusively in financial assets.

                                                     —-

We’re not just entering into a period of severe distress with climate change

we are also entering a period of a new uneven distribution of capital

ownership that is now the driver of inequality.

It’s a “new, harsh reality”, ( from weapons of mass destruction, water crises, large-scale involuntary migration and severe energy price shock, extreme weather events, failure of climate change mitigation and adaptation, interstate conflict with regional consequences and major natural catastrophes) that the spending power of governments is dimensioning.

Most of us haven’t quite realized there is something extraordinary happening.

Isn’t it absurd that we, 7 billion of us living on the same planet, have grown further apart from each other? Everything is going through change and that most of us are unaware of that.

What sense does it make to turn your back on the thousands, maybe millions, of people living around you in the same city on the same planet in poverty?

You might be lead to believe that the Internet is taking down mass control and the small are no longer speechless. This might well be true when it comes to the rising failure of climate change mitigation and adaptation or if you look at the Arab Spring, Brexit, and the people’s climate revolution/ pollution.

But its not true when one looks at how and by whom the economy of the world that is driven by growth at all costs.

Why?

Because the natural resources industry is owned by sovereignty wealth funds with financial instability around the world as the net result.

But don’t panic.

With Climate change and Ai, and with all of us exchanging half-truths civilisation is in for a rough ride.

However, technological crises have yet to impact economies or securities in a systemic way.

Which panic button to press?

The only category not to feature in the above harsh realities is algorithm profit from profit technological that is spreading inequalities between individuals and families, between countries, generations and genders, as well as between people from different ethnicities and class backgrounds.

Fleckenstein – David Rosenberg’s Proposal To Print Trillions Of Dollars Is Not Helicopter Money, It’s Cold Fusion

Normally revenue, as you know, is generated by profit/taxes but most revenue sources are already accounted for in government budgeting except the supernormal profits made by in no particular order – Apple, Google, Microsoft, Facebook, Cisco Systems, Intel, to mention just a few.

It’s sometimes hard to fathom the sheer scope of profits made by the world’s most profitable companies.

1. Saudi Aramco: $304.04 M daily – Earns $1 M in 4.7 minutes
2. Apple: $163.1 M daily – Earns $1 M in  8.8 minutes
3. Industrial & Commercial Bank of China: $123.29  M daily – Earns $1M in 11.7 minutes
4. Samsung Electronics: $109.3 M daily – Earns $1 M in 13.2 minutes
5. China Construction Bank: $105.48 M daily – Earns $1 M in 13.7 minutes
6. JPMorgan Chase & Co.: $88.97 M daily – Earns $1 M in 16.2 minutes
7. Alphabet: $84.21 M daily – Earns $1 M in 17.1 minutes
8. Agricultural Bank of China: $83.99 M daily – Earns $1 M in 17.1 minutes
9. Bank of America Corp.: $77.12 M daily – Earns $1 M in 18.7 minutes
10. Bank of China: $74.59 M daily – Earns $1 M in 19.3 minutes

and these are not Sovereign Wealth Funds.

They exist somewhere between the murky grey of return-maximizing, mega-cap asset managers, and clandestine government agencies quietly used to further sovereign agendas.

It is estimated that SWFs combined to hold more than $7.4 trillion in AUM, (Assets under management) representing approximately 6% of global assets under institutional management.

And you wonder with government print trillions to stimulate sagging economies why the world is and still is in a state of meltdown not just climate-wise but capitalistic wise.

We now have both the EU and the UK floating the idea of establishing Citizens wealth funds.

The trouble is that existing wealth funds have already bought up most of the world. Latecomers like THE UK/EU will have nothing to invest in other than technologies that produce profits.

The character of a sovereign wealth fund depends on its purpose and is shaped by how it is capitalised and governed, how it invests its funds and how returns are spent.

A Sovereign Wealth Fund is a state-owned investment vehicle established to channel balance of payments surpluses, official foreign currency operations, proceeds of privatizations, government transfer payments, fiscal surpluses, and/or receipts from resource exports, into global investments on behalf of sovereigns and in the advance of goals that are not transparent.

Economic theory wise, it is important to understand that SWFs form part of their respective country’s total national capital base, where total national capital is defined as the total combination of net financial assets, total physical capital stock (e.g., real estate, machines, infrastructure), unexploited environment, human capital, and unexploited natural resources.

Commodity SWFs are financed from the proceeds of non-renewable commodity exports (oil, gas, precious metals), which grow the AUM base in times of high prices but destabilize their source economies and budgets in times of low. Non-commodity funds, on the other hand, are typically financed from currency reserves or current account surpluses, driven by corporate or household saving rates.

They were once the mainstays of the global investment landscape.

Despite is name the era of neoliberalism was far from liberal.

We are now experiencing the political consequences of this great deception with the rise of popularism.

This blog has been suggesting for some time the setting up of a perpetual funded World Aid fund by applying a 0.05% commission on all profit for profit sake seeking financial activities. ( See previous posts)

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THE BEADY EYE ASK’S: ARE PROFIT SEEKING ALGORITHMS BUILDING A DIGITAL POORHOUSE, AUTOMATING INEQUALITY WHILE HURTING THE MOST VULNERABLE.

03 Sunday Nov 2019

Posted by bobdillon33@gmail.com in Algorithms., Artificial Intelligence., Capitalism, Fourth Industrial Revolution., Humanity., Inequality, Modern day life., Our Common Values., Poverty, Reality., Technology, The common good., The Future, The Obvious., The state of the World., The world to day., Unanswered Questions., WHAT IS TRUTH, What Needs to change in the World, Where's the Global Outrage.

≈ Comments Off on THE BEADY EYE ASK’S: ARE PROFIT SEEKING ALGORITHMS BUILDING A DIGITAL POORHOUSE, AUTOMATING INEQUALITY WHILE HURTING THE MOST VULNERABLE.

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Algorithms., Artificial Intelligence., Big Data, Capitalism and Greed, Distribution of wealth, Greed, Inequility, Technology, Visions of the future.

(Twenty-minute read)

Should we worry about the rise of artificial intelligence or celebrate it?

Both is the answer.

We all inhabit this new regime of digital data but we don’t all inhabit it in the same way and the pursuit of rapid growth by way of technology won’t solve the huge challenges we face.

A more honest, humane approach is the answer.

If you believe the hype, technology is going to help us end global poverty, that’s easier said than done in a world where most product innovations are geared toward the rich.

The prospect of billions rising up from poverty with nothing more than gadgets is indeed a fanciful notion. This is because poverty is entirely a man-made creation. Capitalism is driven by greed, generating a power structure, which moves wealth disproportionately into the hands of the few.

But why are our societies becoming increasingly unequal, and what can we (or should we) do about it?A homeless man outside Victoria Station in London.

Forget where science ends and ideology begins it is the mechanisms behind the persistence of poverty that counts.

Technology cannot solve the problem of economic disparity.

We often believe that our digital decision-making tools, like algorithms or artificial intelligence or integrated databases, are more objective and more neutral than human beings.

Totally false.

We are building not just ill-conceived mathematical models now micromanage the economy, from advertising to prisons but also hiding the profit of multinational companies in the cloud.

We are building:  A DIGITAL POOR HOUSE.

Even though we live in a hyperconnected world we are watching inequality exploding as we walk past people on the street looking at our smartphones.

The spreading of these kinds of systems is now way beyond just the public service systems that they’re in now. For example, high-frequency trading algorithms that run 99.9% of the world stock exchanges are plundering not just finite resources they are jeopardising our peaceful existence.

Feel free to ignore the weight of the evidence that is now becoming crystal-clear, so stark, that the trade-off of the growth of the economy and the survival of the planet are now intertwined. So we have to go into a mode where we are first educating the people about what’s causing this inequality and acknowledging that technology is part of that cost, and then society has to decide how to proceed.

Deep cultural and political changes are needed in order to think through these technologies in order to get to better systems.

This should apply to all technology – nanotechnology, biotech.

I also really believe we need to stop using these systems to avoid some of the most pressing moral and political dilemmas of our time, which is not just poverty but racism.

Unfortunately, we have Profit-seeking Algorithms that have no moral or ethical bases.

Algorithms — a set of steps computers follow to accomplish a task — are used in our daily digital lives to do everything from making airline reservations to searching the web. They are also increasingly being used in public services, such as systems that decide which homeless person gets housing.

AI with faceless algorithms is worsening the effects and concentrating the power of the wealthy. They are likely to dramatically increase income disparity, perhaps more so than other technologies that have come about recently.

Digital innovation in the form of profit-seeking algorithms that it’s not just going to be benefitting a small fraction of the world’s population, or just a few large corporations. is reinforcing, rather than improving, inequality.

Institutions have embraced digital technologies they are outsourcing the decision to a machine to cut costs avoiding the human costs. They say, “We have this incredible overwhelming need. We don’t have enough resources, so we have to use these systems to make these incredibly difficult decisions.”

If all the resources are automated, then who actually controls the automation?

Is it every one or is it a few select people?

My great fear with these systems is we’re actually using them as a kind of empathy override, meaning that we are struggling with questions that are almost impossible for human beings to make.

We’re smuggling moral and political assumptions into them about who should share in prosperity.

There’s already an expectation that people will be forced to trade one of their human rights, like their information or their privacy, for another human right.

The economic prosperity created by AI should be shared broadly, to benefit all of humanity otherwise they will lead to an even greater disparity between the wealthy and the rest of the world.

If AI takes away people’s jobs and only leaves wealth in the hands of those people owning the robots, then that’s going to exacerbate some trends that are already happening.

People now with “predictive data” have real concerns about informed consent. About how their data is being shared, whether it’s legal and whether it’s morally right.

Why?

Because it is impossible to work out why the algorithms had gone against them, or to find a human caseworker to override the decision.

How can we change the societal mindset that currently discourages a greater sharing of wealth? Or is that even a change we should consider?

We’re using these technologies to avoid important political decisions. Exacerbating the divides between the developed and developing world, and the haves and have nots in our society.

The change will only occur when policymakers and voters understand the true scale of the problem. This is hard when we live in an era that likes to celebrate digitisation — and where the elites are usually shielded from the consequences of those algorithms.

Restoring human dignity to its central place has the potential to set off a profound rethinking of economic priorities and the ways in which societies care for their members, particularly when they are in need. If enough of us want to change the status quo for good, then with our collective creativity, with our hunger to solve really hard problems, we will find technology an incredibly powerful tool in our arsenal.

Technology can move commodities (food, jobs, wealth) from areas of surplus supply to regions with under-served markets.

Technology can only help us if we chose to make the best use of it.

Computing has long been perceived to be a culture-free zone — this needs to change.

Today more people have access to a cell phone than a toilet.

I use that metaphor specifically because I think that these systems, although we talk about them often as disruptors, are really more intensifiers and amplifiers of processes that have been with us for a long time, at least since the 1800s.

At a time of unprecedented global challenges platforms like Google Facebook, Twitter and there like must be made to use the power of their platforms to stop the DIGITAL POOR HOUSE instead of hoarding profits with profit-seeking algorithms.

If not because bias has been a historical norm, it because us the users of your platform will develop self-defence.

So, next time if you think AI is not affecting you, take out your smartphone.

If Twitter’s not your choice of poison, maybe it’s Facebook or Instagram, or Snapchat or any of the myriad of social media apps out there they are all affecting your decisions and our lifestyles every day.

They are all tailored according to what we are likely to respond to. specifically designed to attract the attention of its members – and so inevitably to confirm them in their opinions and prejudices,  with several extra bills to pay in order to remain a normal citizen. 

Its a ‘mean’ not the ultimate solution.

AI has become so successful in determining our interests and serving us ads that the global digital ad industry has crossed trillions.

artificial intelligence concept Stock Photo - 90948450

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  • THE BEADY EYE ASKS. ARE YOU A MEAT PROXIE? August 28, 2026
  • THE BEADY EYE SAYS BEFORE ITS TOO LATE WE MUST BUILD A GLOBAL FRIENDLY FUTURE. August 21, 2026
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