Artificial intelligence is getting smarter by leaps and bounds — within this century, research suggests, a computer AI could be as “smart” as a human being. And then, says Nick Bostrom, it will overtake us: “Machine intelligence is the last invention that humanity will ever need to make.” A philosopher and technologist, Bostrom asks us to think hard about the world we’re building right now, driven by thinking machines. Will our smart machines help to preserve humanity and our values — or will they have values of their own? TEDTalks is a daily video podcast of the best talks and performances from the TED Conference, where the world’s leading thinkers and doers give the talk of their lives in 18 minutes (or less). Look for talks on Technology, Entertainment and Design — plus science, business, global issues, the arts and much more.
Futurists predict a revolution in the tenets of finance in the coming decades, similar to the changes that have been sweeping the information and telecommunications industries.
Jan Bergmans‘s insight:
If the last three decades revolutionized the information and telecommunications industries, the next three may upend the basic tenets of finance: currency, credit and banks, as well as payment and transmission systems. Your children may even ask you, “What was it like to see that old-fashioned building called a bank?”
In recent years, we’ve already begun to see hints of an impending overhaul: the emergence of Bitcoin and the ecosystem growing around it; the adoption of peer-to-peer lending businesses like Lending Club; and the introduction of Square, the payment system, to name just a few.
And even if you believe Bitcoin is no more than a fad — and that may well be, given its volatility, security issues and potential regulatory challenges — it has raised the prospect of new virtual currencies and, at the least, cheaper and more efficient transaction mechanisms.