Page 8 - Machine Age News Today

The same calculation every time and doesnt sleep. >> in many cases hes right. first machine age we replaced muscle power. we had control system, that meant human. as we augment and replace mental power, its not clear whether humans will be a substitute or compliment for these new machines. in many cases the whole operation does run smoother without humans. >> an example, before we get to the caveat, lets give people the example and the book about tax preparation. >> thats a perfect example. with...

Electricity replaced that. now youre saying, the second machine age replaces brain power. >> thats right. the first machine age was about relaxing the limits on human muscle power, animal muscle power, steam engine, internal combustion engine, allowed us to move the world, manipulate the world better than before. but the second machine age is much more about relaxing the constraints on cognitive power, mental power, and we expect that just as the first machine age this is going to lead to an inf...

From the first one. welcome both. >> thank you. >> the second machine age begins, you say, 15 years ago. what happens? >> one of our early indications that things were really different was when gary kasparov, the chess champion, lost to deep blue designed to play chess. we used to think of chess as one of the highest expressions of human intelligence and then the match with deep blue showed us something different. more recently another ibm super computer called watson showed us that human beings...

Easily and effectively reduce poverty in most countries. its less clear what to do about the super rich. but frankly, if we can help the poor move up, it matters less to me at least that the rich move up even faster. but the great problem, the largest one involving the most people, is the great stagnation. middle-class people have seen their incomes stagnate for decades now. and with technology taking away work and globalization outsourcing jobs, these trends have actually intensified in recent ...

Different factors -- the rise of the super rich, the rise of a larger group of poor people, and the stagnation of the great middle class. were actually beginning to see a healthy discussion about the first two, especially about the poor. smart government policies could easily and effectively reduce poverty in most countries. its less clear what to do about the super rich. but frankly, if we can help the poor move up, it matters less to me at least that the rich move up even faster. but the great...

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Latest updates on this topic.

Under state our progress. because the new machine age is more about knowledge creation than just physical pro dpuks. its mind not matter, brain not brawn, ideas not things. that creates a problem for standard metrics, because we are getting more and more stuff for free. >> eric joins us now. what do you mean ideas create a problem for standard metrics? >> wikipedia has tremendous value for me and other people. it is available for free that means that it doesnt show up in their gdp statistics whi...

The new machine age is more knowledge creation than physical production, it is mind not matter, brain not braun, ideas not things that creates eye problem for -- creates a problem for standard metrics were getting more and more stuff for free. john: eric is joining us now what did that mean. >> wikipedia available for free, that means it does not show up in their statistics that measure value of goods and services bought and sold. john: one example you used in youred to talk, robot that -- ted t...