Finance prof: Artificial intelligence does not threaten complex jobs
Not any time soon, according to an analyst at Bloomberg: It’s important to note that machine learning hasn’t yet made its mark on the economy — to paraphrase economist Robert Solow, you can see the machine learning age everywhere but in the economic statistics. Employment levels have returned to healthy levels, and there’s no evidence that machines are taking many of our jobs yet. … The authors generally don’t envision a world of full automation, with machines replacing humans at every step of the production process. Instead, they see machine learning being deployed selectively at some nodes of the value chain where data is plentiful, leaving human judgment to focus on the rest. Though “judgment” is a fuzzy word, Agrawal Read More ›