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AI-powered automation will have an ethnic bias

July 30, 2019 Articles, WEF
Kai Chan Distinguished Fellow, INSEAD Innovation and Policy Initiative The Fourth Industrial Revolution, with artificial intelligence (AI) as one of its principal drivers, promises big changes. AI automation is expected to lead to, among other things, large disruptions in the labour market. A 2013 Oxford study estimated that almost half of employment in the US is at risk of computerization. Similarly, a 2017 McKinsey report suggests that by 2030 one-third of work activities could be displaced by automation. Some countries, industries and professions are more susceptible to these risks, which means these changes will lead to redistributive effects. That is, AI is expected to lead to increased economic inequality both across and within countries. But this is not the first time that a technological revolution has threatened jobs and to upend society. The First Industrial Revolution generated similar concerns and was the catalyst of the "Great Divergence" in cross-country incomes; nations that industrialized became rich, while those that did not were left behind. The gap has grown with each successive jump in technological progress. Although AI automation will bring about significant productivity gains for society as a whole, it will nevertheless spawn winners and losers. Economists usually speak of such…

Smart robots set to test management skills

October 1, 2018 Articles, Media / Op-ed
Published in MEED 30 SEPTEMBER 2018 11:58 AM In the second part of our series on managing intelligent machines, Aiowala’s Kai Chan looks at the challenges faced in creating a thriving AI ecosystem in the Gulf. Link to article (requires subscription). Click here for full article. © MEED MEDIA FZ LLC Company number 18693 (Dubai Creative Clusters Authority) Registered address: C/O GlobalData Plc., John Carpenter House, 7 Carmelite Street, London, EC4Y 0BS, UK  

Staying ahead of smart robots

September 1, 2018 Articles, Media / Op-ed
STAYING AHEAD OF SMART ROBOTS Published in MEED Business Review Sep 2018 With the advent of artificial intelligence, managers will need to learn how to oversee smart machines. Click here for full article. © MEED MEDIA FZ LLC  

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