Lifeboat Foundation: Safeguarding Humanity
Toggle light / dark theme

Blog

Category: economics

I was on a panel at a recent conference when the moderator asked audience and panel members what they thought of UBI. The overwhelming consensus of the 500 or so people in the room appeared to be “we’re skeptical, but should experiment.” UBI sounds like a good or not-so-good idea to different constituents because we have so little understanding of either how we would do it, or how people would react. None of us really knows what we’re talking about when it comes to UBI, akin to being in a drunken bar argument before there were smartphones and Wikipedia. But there are a few basic principles and pieces of research that can help.

Liberals and conservatives alike love—and fear—the idea of giving free money to everyone. But we have to try it anyway.

Author: Joi Ito BY

Read more

My 17-min speech at the World Fair Nano is out. Give it a listen to learn all about my Federal Land Dividend, a #basicincome which doesn’t raise taxes and will actually shrink government while eliminating all poverty. This is a major policy of my #libertarian governor run and has possibility for bipartisan support.

Learn more about Zoltan’s work at http://www.zoltanistvan.com/

Worlds Fair Nano (https://worldsfairnano.com) is a 2-day future festival. Much like the Worlds Fairs of old, the goal of WFN is to connect everybody with the future. The organizers behind Worlds Fair Nano plan to grow Nano from 2 days and 10,000 people into a 6 month Worlds Fair in the U.S.

Read more

The march of AI into the workplace calls for trade-offs between privacy and performance. A fairer, more productive workforce is a prize worth having, but not if it shackles and dehumanises employees. Striking a balance will require thought, a willingness for both employers and employees to adapt, and a strong dose of humanity.

ARTIFICIAL intelligence (AI) is barging its way into business. As our special report this week explains, firms of all types are harnessing AI to forecast demand, hire workers and deal with customers. In 2017 companies spent around $22bn on AI-related mergers and acquisitions, about 26 times more than in 2015. The McKinsey Global Institute, a think-tank within a consultancy, reckons that just applying AI to marketing, sales and supply chains could create economic value, including profits and efficiencies, of $2.7trn over the next 20 years. Google’s boss has gone so far as to declare that AI will do more for humanity than fire or electricity.

Such grandiose forecasts kindle anxiety as well as hope. Many fret that AI could destroy jobs faster than it creates them. Barriers to entry from owning and generating data could lead to a handful of dominant firms in every industry.

Get our daily newsletter

Upgrade your inbox and get our Daily Dispatch and Editor’s Picks.

Read more

Kogan developed Kosinksi’s ideas, improved them, and cut a deal with Cambridge Analytica. Armed with this bounty – and combined with additional data gleaned from elsewhere – Cambridge Analytica built personality profiles for more than 100m registered US voters. It’s claimed the company then used these profiles for targeted advertising.

Imagine for example that you could identify a segment of voters that is high in conscientiousness and neuroticism, and another segment that is high in extroversion but low in openness. Clearly, people in each segment would respond differently to the same political ad. But on Facebook they do not need to see the same ad at all – each will see an individually tailored ad designed to elicit the desired response, whether that is voting for a candidate, not voting for a candidate, or donating funds.

Cambridge Analytica worked hard to develop dozens of ad variations on different political themes such as immigration, the economy and gun rights, all tailored to different personality profiles. There is no evidence at all that Clinton’s election machine had the same ability.

Read more

India’s artificial intelligence journey could get a big boost this year.

The National Institution for Transforming India (NITI) Aayog is reportedly going to release a first-ever national policy on AI directly rivalling whatever’s going on in China on the subject. The policy will chalk out the scope of AI via research and how the technology will be adopted in the years to come.

According to an Economic Times report, NITI Aayog will form the policy with short, medium and long term goals in mind, spread up to 2030.

Read more

Innovation is the latest social, political and economic battleground. Techno-optimists dismiss fears about innovation, typecasting non-believers as Luddites. The impact of recent technological changes, they believe, will be realised over time. Luddites, on the other hand, point to weaknesses in technology.

Policymakers are placing their faith on technological advancements to boost flagging growth. But it is founded more on hope than reality.

By Satyajit Das

Read more

An interview with Komsomolskaya Pravda during the conference Undoing Aging in Berlin.

A few days ago, LEAF representatives attended the Undoing Aging 2018 conference in Berlin, which was jointly organized by the SENS Research Foundation and the Forever Healthy Foundation. We invited one of the most professional Russian journalists writing about aging, Anna Dobryukha, to this conference, and she will write a series of articles and interviews in Komsomolskaya Pravda (KP) over the next weeks. As these articles are interesting to the global community, we decided to translate them for our blog.

Today, we publish the first article of this series, an interview that Anna conducted with Vitalik Buterin, the creator of the cryptocurrency Ethereum. Vitalik donated 2.4 million dollars to the SENS Research Foundation earlier this year, so let’s find out what Vitalik’s views are on rejuvenation biotech and life extension!

The original article, “King of Ethereum” Vitalik Buterin: the best thing to donate money to is the fight against aging, is by Anna Dobryukha and has been translated by Elena Milova and Joshua Conway.

Read more

A new 3-minute interview is out that I did. It hits on some fun topics:

Host Angelo Robles talks with transhumanist, Zoltan Istvan, a world leader in science, technology, and futurist issues. Zoltan shares insights on what it means to prosper, how philanthropy can play a part in creating a more unified family and community, along with the responsibility he feels we all should consider when look to our future economy.

Want more information on ‘Prosperity, Philanthropy, and the Landscape of a Futuristic Economy’? Visit https://www.effectivefamilyoffice.com/episode14/

Read more

There are several ways we can deal with the troubles that lie ahead during the transition to full automation. Some experts and companies are exploring basic income, the centuries-old idea of giving unconditional money to all citizens, enough for them to live their lives. Other thought leaders such as Bill Gates are proposing robot taxes, where companies that use automation pay certain fees for the jobs they take away from humans. Other solutions might emerge.

Automation will continue to move forward at an accelerating pace. We don’t need to fear about the destination. Instead, we must prepare ourselves for the rocky road ahead. I’m not worried about the robots taking all the jobs. I’m worried about them leaving some to the humans.

Read more

“The Theranos story is an important lesson for Silicon Valley,” said Jina Choi, director of the SEC’s San Francisco Regional Office. “Innovators who seek to revolutionize and disrupt an industry must tell investors the truth about what their technology can do today, not just what they hope it might do someday.”

Elizabeth Holmes raised hundreds of millions of dollars from investors on the promise that her medical-testing startup Theranos Inc. would change medicine with a single drop of blood. On Wednesday, securities regulators called her a fraud and forced her to give up the company she built.

The lawsuit and settlement announced Wednesday by the U.Securities and Exchange Commission detailed how Holmes and her chief deputy lied for years about their technology, snookered the media, and used the publicity to get investors to hand more than $700 million to keep the closely held company afloat.

Read more