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What Technologies Will Invade Our Lives This Year

3/12/2023

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Now that we have two months of the new year under our belts, it’s time to look out to the remaining ten months to see what areas of technology are going to have the biggest impacts on our lives. 

Before we look forward, let’s look back to the end of 2022 and see the trends that were forming and how they will affect our world in 2023. 

From a hardware perspective, it was an unexciting year. Both Apple and Samsung refreshed their flagship smartphones, but most reviewers rated the changes as incremental upgrades. Mark Zuckerberg, with his eyes on changing the way people work, introduced a $1,500 virtual-reality headset. But, with only a two-hour battery, most users will strap the new headset on for gaming.

From the online world, we saw huge changes at Twitter after Elon Musk spent $44 billion to buy the company. In the last few months, he has gutted the staff, suspended accounts for some journalists and reinstated several questionable users. All of this had driven Twitter users to seek alternative sites. Another social media company, TikTok, has been banned on government-issued devices at both the federal level and in several states.

Finally, in November, OpenAI introduced a chatbot called ChatGPT. In the first month of its availability, the online AI tool registered more than one million users. Given that is can produce seemingly intelligent responses to questions posed by users. Unfortunately, it can produce totally incorrect responses and couch those responses in wording that appears authoritative. 

This is just a taste of what's in store for us in the upcoming year. Together with the same trends that have persisted over the past few years, like developments in electric cars and the metaverse, we can anticipate many intriguing innovations in A.I.-powered, language-processing technology. Social media might even have a resurgence.

Here are the tech developments that will invade our lives in 2023.

1.New Embedded AI Assistants. Early adopters who were astounded by ChatGPT's verbal proficiency were equally astounded by how inaccurate it can be, especially with basic mathematics. Despite their flaws, it is reasonable to expect that software developers, led by Microsoft, will embed AI technology within familiar apps like Word, Excel, Google Sheets, Craft and others. It's important to note that many of the tasks these new AI modules will tackle will be summaries with a particular interest point in mind. 

Here’s an example. You’re writing a research paper on warfare and you have come across a 100-page essay on World War II. Imagine asking the AI tool to read the full document and highlight the key points regarding a certain facet of the war.

Yoav Shoham, a professor emeritus at Stanford University who contributes to the AI Index, an annual assessment on the development of artificial intelligence, said: "If you want to supplement your writing with a historical fact, you won't need to go and search the web and locate it. With just the click of a button, it'll be there."

2. Virtual reality, a.k.a. the metaverse. Tech firms have been advertising virtual reality headgear for gaming for most of the last decade, including the Quest 2, HTC Vive, and Sony PlayStation VR. Tech companies are making grand claims that these headsets will eventually transform our lives similarly to what smartphones have done so now that technology has advanced to become more potent and wireless.

One person who envisions the metaverse as a place where we may work, collaborate, and create is Mark Zuckerberg of Meta. The business thought the technology could be used as a multitasking tool for employees juggling meetings while skimming through emails and other duties when it unveiled the Quest Pro headgear this year. It remains to be seen whether Meta can realize its vision for the metaverse, given that the device's initial reception was unfavorable.

The VR drumbeat will continue in 2023. It is widely believed that Apple will unveil its first headgear, despite having previously stated that it would never use the term "metaverse." Apple's CEO, Tim Cook, has provided hints about the device even though the business has released no information about it. Cook has expressed his excitement about employing augmented reality to use digital data in the real world.

“You’ll wonder how you lived your life without augmented reality, just like today you wonder: How did people like me grow up without the internet?” Mr. Cook said in September to students in Naples.

Yet, he continued, the technology will not suddenly become significant. The first version of Apple's headgear will probably be used for gaming, just like many others before it, as wireless headsets continue to be large and only used inside.

In other words, 2023 will probably still not be the year that these headsets become widely used, according to Carolina Milanesi, a consumer tech analyst for the research firm Creative Strategies. However, there will be plenty of talk about the metaverse and virtual, augmented, and mixed goggles.

“From a consumer perspective, it’s still very uncertain what you’re spending your thousand bucks on when you’re buying a headset,” she said. “Do I have to do a meeting with V.R.? With or without legs, it’s not a necessity.”

3.Electric Vehicles Beyond Tesla. Last year, Tesla continued to dominate the market for electric vehicles (EVs), but 2023 might mark a turning point for the sector. Since Mr. Musk's takeover of Twitter, Tesla's shares have fallen precipitously this year, and its reputation has suffered. The market's competitiveness is also escalating as EV manufacturers, including Ford Motor, Kia, General Motors, Audi, and Rivian, increase their output of electric vehicles.

Tesla also declared in November that it would allow other electric vehicles to use its charging port design. That would make it possible for owners of other makes of vehicles to refuel at Tesla's charging stations, which are much more numerous than other kinds of chargers.

Also, sales of gas-powered cars will be prohibited in both California and New York by 2035. All of this creates the ideal conditions for the electric car market to grow significantly beyond just one brand in 2023.

4.New Social Media Choices. Most of 2022 saw Twitter in disarray, and 2023 is expected to be no different. Last month, in reaction to the criticism, Mr. Musk conducted a Twitter "poll" asking his fans if they thought he should step down as the company's CEO. Ten million users, or a majority, chose yes, but Mr. Musk said he wouldn't leave until someone "foolish enough to do the job" was found.

TikTok is still in trouble after its Chinese parent firm, ByteDance, revealed that an internal probe had revealed that staff members had improperly collected user data from American users, including that of two journalists. The information puts pressure on the Biden administration to think about imposing even stricter limitations on the app in the US.

Whatever happens to Twitter and TikTok, it's certain that social media is undergoing a significant change. A social network called Mastodon, which resembles Twitter in appearance, has attracted many journalists, techies, and influencers. Yet many younger people have already switched to more recent apps like BeReal, where pals can keep in touch by simultaneously taking and sharing selfies.
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Which new social networking app will be a huge deal in 2023 is a mystery. Mastodon has lost about 30% of the million users they gained because of changes at Twitter. Yet, one thing is for certain: Those who are offended by Twitter are looking for a friendly environment where they can hang around.

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Technology Is Transforming the Real Estate Market

3/5/2023

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We bought our first home in late 1968. We watched it being built and even installed sound cables in the walls before they dry-walled, so we’d have a sound system for the whole home. Those days were called ‘container days.’ Contractors erected the container and left the homeowner to finish the rest. 

Now, 45 years later, the sector is being upended by smart home technology, creating a large market opportunity for investors, entrepreneurs, designers, and builders. The smart home industry, which was estimated to be worth $79 billion in 2020, is expected to increase to $314 billion by 2027, according to recent research from Mordor Intelligence.

Consumer curiosity is being sparked by ideas like touchless interactions and energy-saving whole-home automation. With new government efficiency standards demanding the replacement or modification of current systems, automated heating and cooling will be in high demand. All residential central air-source heat pump systems sold in the United States starting in January 2023 must adhere to new minimum energy efficiency standards.

This smart home movement focuses on enhancing the experience of living in the home, from automating appliances that anticipate and comprehend the homeowner's demands to programming devices to act consistently. Grandview Research's forecast of an excellent 31% compound annual growth rate between 2021 and 2030 for smart kitchens and security and surveillance technology installations.

Consider PIN-activated keyless door locks or smart doorbells that are always aware of visitors (or deliveries) arriving. Automated exterior lighting and AI-powered public space video cameras that monitor neighborhood activity will be in demand for multi-family developments.

Because the smart home industry has developed over the last five years and is ready to transition from "do it yourself" to "do it for me," there is a huge market opportunity. Consumers will probably start looking for pre-built homes with tailored technology more frequently. According to a Coldwell Banker Real Estate survey, 61% of millennials and 59% of parents with children living in the home choose smart-tech homes, while 71% of purchasers desire a tech-enabled, "move-in ready" home.

New artificial intelligence (AI) technology that automatically changes ambience routines to meet resident patterns and preferences makes this possible. Thermal windows that conserve energy improve a house's overall efficiency. Each smart home's devices are programmed to cooperate with one another and connect to a centralized home management app that is very easy to use and administer. Such systems receive routine cloud updates, and all hardware is dispersed across the home's primary hub. Technology seamlessly merges into the building's simple interior design.

With most software solutions available via the cloud, second-generation AI-powered smart home equipment self-learns and adapts to routines and preferences, getting better over time. All devices are coordinated and synced in the smart home setup, and they are all made accessible via a computer or a smartphone. A smart home with a genius Intellect, perhaps.

Designers and builders must rethink household space in light of increasing urban density and environmental sustainability. Compared to older homes, the modern urban home uses space more effectively, is more flexible, and is more responsive. It is cozy and friendly. The COVID-19 pandemic had a significant influence that shouldn't be understated, since it confirmed long-held notions that the home can and should improve the health and wellbeing of its occupants.

A multi-family neighborhood outside of Portland's center dubbed HOMMA HAUS Mount Tabor, with 18 two-bedroom residences, is a pioneering prototype. This type of house must have an adaptable modern design, multi-functional use of space, and curated, pre-configured technology built in before the resident occupies the area. This sort of house should serve as the cornerstone of holistic well-being for its residents.

Urban areas that are expanding, like Portland, tend to have residents who value a deep relationship with environment and routinely engage in outdoor activities. Innovations like this one make use of organic-feeling materials that foster a sense of kinship with nature. The environment is improved by thoughtfully chosen oak flooring, Corian kitchen counters, and cedar fencing. Bamboo and tree landscaping produces shade and further reduces noise to keep the residences quiet.

Real estate will place more emphasis on striking a balance between protecting residents' privacy and fostering a sense of community. This is made possible by clever technology working in tandem with well-planned communal areas. Contemporary housing projects frequently contain courtyards that provide a good blend of quiet space and communal gathering area.
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Urban living that is holistic and adaptable will be the industry's driving force as it develops. Modern architecture, design, and technology are blended into one product, the home, which is constructed to bring beauty, comfort, and wellbeing. Astute builders will do this. Investors, CEOs of large corporations, and startup founders should monitor these developments and be prepared to seize the opportunities they will bring about.
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How to Check if Amazon Alexa Is Stealing Your Internet Bandwidth for Sidewalk

12/20/2020

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Remember when Amazon (quietly) announced its expansion to Sidewalk, back in September? Well, the feature is live for some in a new update for the Amazon Alexa app, and you might want to go turn it off. We covered it in Issue 7-25.

Sidewalk is a feature that extends the network coverage of your devices, particularly Ring surveillance tech (like its cameras, smart lights, and pet trackers) and Echo smart speakers. But it'll also share a small chunk of that internet bandwidth to provide the same services to your neighbors – so your privately-owned devices won't be so private anymore. 

Sidewalk has been slowly rolling out to Echo and Ring owners in the U.S. as of Thanksgiving, which users were made aware of via an email from Amazon. While the feature isn't up and running yet, the email essentially notifies users that it's "coming soon." But it's also the company's discreet way of letting you know the feature has officially been turned on. 

Amazon makes it easy to opt out if you're only just unboxing your shiny, new Sidewalk-compatible device. During the setup process, users are asked if they want to join the network via the Amazon Alexa app. However, if you already own one of the 20 Sidewalk-enabled products, it'll automatically opt-in for you. 
To disable Sidewalk, all you need to do is: 

  • Update the Amazon Alexa app or double-check that you're on the latest version
  • Open the Amazon Alexa app and tap on the More tab
  • Then, tap Settings > Account Settings > Amazon Sidewalk and toggle off the Enabled button
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Thankfully, the additional Community Finding feature – which "can help your neighbors find pets and important items connected to Sidewalk by sharing the approximate location of [your] device and other Sidewalk bridges you own" is disabled automatically.

Of course, if you'd like to use Sidewalk on either your Echo smart speaker or Ring security device, you'll be happy to know you're already all set for when Amazon officially launches the new feature.

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Alexa’s Moving into Your Next Apartment

9/20/2020

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Amazon has become a ubiquitous part of the modern world, but now it may even make its way into rental properties. Recently, Amazon unveiled its Alexa for Residential program. This program will make it easy for landlords to include Amazon and Alexa-powered devices in rental units across the country, including the Echo Dot and other products.

The idea is that Alexa’s smart speakers will be available from day one in rental properties. Even before renters move in, Alexa will be able to help with self-guided tours by providing information about square footage, monthly rent, and more. Renters can link their Amazon accounts to the speaker to access all of Alexa’s features. Once a renter moves out, property managers can reset the speakers without removing their connections to existing smart-home devices.

Amazon has taken numerous steps to ensure its position as the default smart home platform, viewing itself as a utility like lights and plumbing. In 2018, the homebuilding company Lennar began including Alexa and smart locks in its new builds. Amazon has also created partnerships with hotels and college dorms to bring its devices into these spaces. By doing this, Amazon places itself at the front of the pack and makes it more difficult for its competitors – Google Assistant and Siri – to claim their part of the spotlight.

On the other hand, re-using smart assistants that other people have used creates privacy concerns. Amazon addressed these concerns by saying that property managers cannot access customer data. Renters do not have to worry about their landlords listening in on them. By default, voice recordings are deleted daily and are inaccessible to human reviewers. If a renter links their Amazon account to a rental Alexa, they will have access to the platform’s full suite of privacy features.
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The moves by Amazon to bring it into more spaces as a service will likely help grow the already-impressive market lead that Alexa has over the competition, especially given the partnerships Amazon has formed with companies like Iotas, Stratis IoT, and Sentient Property Services. Amazon will also be opening up the potential for partnerships with more companies.

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Three Opportunities for Robots from COVID-19

8/30/2020

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                                      A world where contactless and socially distant solutions
                              are preferred has set the stage for robots to rise to the occasion.

 
The COVID-19 outbreak has given way to an era of innovation as entrepreneurs develop tools and services to meet new needs. Though there might have been concerns about automation and the future of work before the current health crisis, the pandemic has shown how robots are benefiting us while the world grapples with the novel coronavirus.

Post-contagion, the global industrial robotics market is expected to grow from $44.6 billion in 2020 to $73 billion by 2025, according to ResearchAndMarkets.com.

The safety provided by robots, as well as the fact that robotic solutions are helping businesses stay open, are making them popular companions in the current climate.

Here are three opportunities for robotics that have arisen from the COVID-19 outbreak.

Keeping Supply Chains Going. Shipping and delivery have seen challenges since the onset of the novel coronavirus outbreak. Robotics and automation can help U.S. manufacturers increase in-house manufacturing to mitigate global supply chain risks. Instead of outsourcing, companies can then rely on robotic material handling and delivery to keep businesses running.

Further down the chain, robots are also able to drop off packages and groceries to consumers safely. As contactless and online shopping experiences are on the rise, robotic and sterile delivery options are now desirable.

Automating Service. Social distancing rules are being kept in place with robot waiters and robot concierges. From greeting customers to serving food, robots can enable restaurants and hospitality businesses to stay open safely.

Robots can help reduce the number of staff that need to be at work physically. As human counterparts try to reduce their exposure to risks, robots can efficiently obtain registration and check-in information and return used cutlery.

Cleaning and Sanitizing. Robots can also safely sanitize workspaces and common areas. In health services, semi-autonomous or remotely monitored robots can disinfect large surfaces quickly, removing the need for cleaners to be exposed to the risk of contagion.
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Robotic solutions can also disinfect areas more efficiently and more frequently than manual cleaning.
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Can Google Kill the Business Card? India Is About to Find Out

8/23/2020

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Google might be about to disrupt the business card — and it’s starting with a trial in India.
In a new blog post, the company announced it is rolling out its ‘people cards’ across the country. It’s like a business card that will appear on top of Search when someone looks up your name. Google first began trialing the feature about six months ago, and it seems it’s finally ready to make it more widely available.

Up until now, you could only find detailed information about celebs and well-known public figures on Search, but the latest change will make it possible for civilians to control what people see when someone searches their name.

“If you’re a business professional, performer, or anyone looking to build up your online presence, you might have a website, social profiles, and other information spread across many sites,” Google product manager Lauren Clark said. “If you’re just getting started, you may not have a website or much of an online presence at all.”

“Today, we are solving these challenges with a new feature called people cards,” she added. “It’s like a virtual visiting card, where you can highlight your existing website or social profiles you want people to visit, plus other information about yourself that you want others to know.”

To create a ‘people card,’ you need to simply log into your Google account, search for your name or “add me to Search,” and then follow the prompt. You can then choose a profile pic (it will default to your Google account avatar), craft a description for yourself, and also add social media links and contact details.

In case you were worried about your privacy, the feature seems to be opt-in – and you can always delete your card if you so wish.

Google will allow only one card per account to prevent malicious actors from impersonating real people. It’ll also ask you to authenticate your account with a phone number. In case fraudulent cards slip through the cracks, there’ll also be a dedicated button to report them.

Alright, but what about people who share the same name, you might wonder. Well, Google says there will be a module that lets you compare people based on their location and profession, which should make it easier to find the right person.
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That said, there are specific challenges ahead of it. The fact that Google highlighted the numerous measures it has taken to prevent abuse makes it abundantly clear that the company foresees certain issues with the new feature. If it manages to stop users from gaming the system to gain an unfair advantage, ‘people cards’ can kill the business card as we know it.

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Go Paperless with the Best Smart Notebooks

10/20/2019

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Whether you love paper and pen or prefer to live paper-free, you still probably need to take notes, read PDFs, or maybe even illustrate an idea with a sketch. Smart notebooks help bring ideas typically captured on paper into a digital format. Some smart notebooks also involve real paper.

Smart notebooks don’t really conform to a firm definition. There’s still a lot of interpretation as to what a smart notebook is. That said, they are different from tablets: Tablets usually have color screens, like the Retina display on any recent iPad. Smart notebooks use some other kind of technology for the interface.

Some smart notebooks work best as digital tablets for writing and sketching. Others are paper-based notebooks with either a pressure-sensitive pad behind them to capture what you write or a companion app you use to scan pages.

Also included is one unique product that is something of an “honorary” smart notebook even though it’s a pen. It’s so smart, however, that it turns any notebook into a smart notebook.

Here are five of the best options listed in alphabetical order:

LiveScribe Echo 2GB ($179). It’s not a smart notebook per se, but the LiveScribe Echo pen turns any notebook into a smart one. This special pen has the unique ability to remember what you write or draw, the order in which you did so, and any audio that played while you wrote. That means you can take lecture notes while also recording the speaker. Or you can write your notes and dictate additional thoughts. When you’re done with your work, you can sync the memory from the LiveScribe Echo pen to a macOS or Windows computer and see all your notes reappear in the order that you took them on screen in a digital notebook.

Onyx Boox Max 3 ($859). It may seem like you need a money-is-no-object attitude to buy the Onyx Boox Max 3, and maybe you do. But the key thing to know about this smart notebook is just how much it’s capable of. It’s a big, 13.3-inch e-reader with E-Ink Mobius (making reading easy on the eyes) running Android 9 that’s Wi-Fi-capable, so you can also use it to surf the web or connect to digital libraries. About the only thing it can’t do is display color since it’s grayscale only. The Onyx Boox Max 3 is especially useful for anyone who spends hours a day pouring over PDFs and needs to make notes on the pages, mark them up, highlight passages, or even translate text. It ships with 4GB of RAM, a stylus, charging cable, HDMI cable, and protective sleeve.

reMarkable ($499). ReMarkable is billed as the digital notebook for people who don’t want to give up paper. It’s designed to feel like paper as you read, draw, and write on it. This 10.3-inch smart notebook not only feels like paper but also sounds like it when you write or draw on it with the included marker. The pressure-sensitive marker never requires charging or pairing. This notebook doubles an e-reader. The surface contains the company’s own Canvas technology, which uses black ink particles to reflect natural light. When you buy a reMarkable tablet, it ships with not only the marker but also with eight replacement tips and a cable for recharging.

Rocketbook Everlast ($32). The Rocketbook Everlast Notebook is a smart and reusable paper notebook. The predecessor version of the Rocketbook had users write with a special pen and then use a microwave oven to remove the writing. In the 2019 version, you write on special waterproof pages with a Pilot Frixion pen and wipe the pages clean with a damp microfiber cloth when you’re done. So, what makes it a smart notebook? Using a companion app, you scan your pages to turn them into digital notes. At the bottom of each page are a few icons. You assign each symbol to a destination in one of your cloud storage services, such as a particular folder in Google Drive or a notebook in Evernote. Whenever you write on a page, you put color in the corresponding icon, and the app files your pages accordingly when you scan them. The app works with Dropbox, Google Drive, Evernote, Microsoft OneNote, and email, with support for a few other services in the works. The book comes in four colors (black, red, midnight blue, and teal) and two sizes (8.5 X 11 inches with 32 pages or 6 X 8.8 inches with 36 pages).

Wacom Bamboo Folio ($199). The Wacom Bamboo Folio is for people who love to write on paper with a pen but also want the benefits of digitized notes. Wacom has long been a leader in digital tablets, especially those for drawing and sketching. The Bamboo Folio puts an exciting twist on the concept of a smart notebook, however. It’s a paper pad tucked into a little folio case, and the back of the case is a smart surface. When you write or draw on the paper, the smart surface records your marks. It stores them and later transfers them wirelessly to a companion app. You never have to scan your handwritten pages, but you get the same result as if you did.
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Wacom also sells a less expensive Bamboo Slate ($129.99). It works similarly, but it’s a slab rather than a folded folio.
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The Argument for A Robot Tax

7/14/2019

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One of the highlights of MIT’s Emtech Next Conference in June was a debate on whether we should tax robots. We heavily tax human workers, so why not the machines that replace them? Then, goes the theory, that tax money could help provide training or benefits for workers who’ve lost their jobs to automation.

Ryan Abbott, a law professor at Surrey University, presented a convincing case for such a tax– or, more precisely, for removing the tax incentives that favor automation over human labor. Many business decisions to automate processes, argued Abbott, are driven by these tax advantages, not because the robots are more productive. If automation is more efficient, suggested Abbott, let that be the reason businesses decide to use it – not some tax break.

The counter-arguments from Ryan Avent, economics columnist at the Economist, were that taxes (or ending tax breaks) would slow innovation, and, in any case, there is little economic evidence that robots are taking over jobs. While these points appear to be less convincing, a robot tax alone won’t solve the lack of good jobs. But removing the financial incentives that favor automation over humans will at least create a level playing field.

Even more erroneous is the argument that a robot tax is a slippery slope: are they going to tax my Roomba or smart toaster next? Somehow, we manage to tax labor, and yet you can still mow your lawn and clean your house without paying the government.

Alas, the Emtech Next attendees disagreed, with 70% voting against the robot tax after hearing the debate.
One of the recurring themes at the conference was that businesses could better exploit automation and AI not just for their own efficiency, but to improve productivity and grow the economy as a whole. How? A pair of engineers, Meera Sampath at the State University of New York and Pramod P. Khargonekar at the University of California, Irvine, presented their plan for “socially responsible automation,” which starts with getting technologists to think harder about how their creations will actually be used and how those uses can benefit workers and society.

A shout-out to workers: Too often in these discussions of how automation and AI are affecting jobs, the voices of workers themselves are absent. MIT’s Thomas Kochan, speaking at the conference, at least provided a reminder to listen to such views, even in the early stages of product designs, and to involve them more in automation decisions. And, he argued, companies need to take the time to give their existing workforce the skills and training necessary to integrate them with changes in automation better.

Let’s admit it, every time we hear the word “co-bot” we cringe. Yes, there have been remarkable advances in robotics over the last decade that allow these machines to more safely and comfortably work alongside people and do more human-like tasks. And, yes, we know the promise is that, by taking over mundane tasks, these robots will free people up to do more interesting and, hopefully, productive ones.

But that’s a business decision that too often companies are not taking; instead, many are simply replacing their workers. If robots do 20% of the tasks that a worker was doing, then you need 20% fewer people to get the job done.

It’s become increasingly clear to economists that this one reason we’re facing a crisis: wages are flat, and job opportunities are limited for many workers.

MIT economist Daron Acemoglu blames this on what he calls “so-so” automation and technologies. Advances like automation should be a boon to productivity, but productivity growth has been sluggish for more than a decade. That, says Acemoglu, is because too often companies are automating jobs even when the machines are not more productive, because of the tax mentioned above distortions and a general enthusiasm for robots. So, you have a double whammy; not only are robots replacing workers, they’re not particularly adept at growing the economy.

The way out is to create new, productive tasks for the workers replaced by the automation. (That’s what happened in the past). And that’s where AI could be useful. Examples are not that hard to imagine. For instance, if you free up healthcare workers, such as radiologists and nurses, from routine tasks, they could use AI systems to collect and analyze far more patient data, expanding their capabilities and giving them new ways to advise and treat patients. Acemoglu cites similar examples existing in education and manufacturing.
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But, and this is key, Acemoglu warns that this won’t necessarily happen on its own. You can’t leave this up to the markets or the technologists. We need to pursue this goal deliberately.

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It’s 2040, Do You Remember Cash and Credit Cards?

5/27/2018

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Put your augmented reality goggles on and dial up 2040. Here’s one possible view of where the world will move in the next 22 years.

You've just got an autonomous electric taxi from the gym to work, picked up a coffee and—in the lift to your office—watched a short advertisement on the heads-up display projected by your wearable digital assistant, clipped to your collar.

In a matter of minutes, four transactions have taken place. And you haven’t put your hand in your pocket to get out a wallet once. Notes and coins have long since disappeared, and nobody even uses their phone to pay for things anymore. In fact, no-one thinks about money in 2040—it just happens. (Well, technically you were recognized by an iris scan for each transaction, but pointing that out destroys the magic of it.)

Back up a minute. You might have noticed there were four transactions in those few minutes, but only two purchases: the taxi and coffee. That’s because you also received two micropayments this morning—small amounts of money you were given in exchange for a service. The first was while you were at the gym. When you joined the club, you agreed to share your cardiovascular data with a medical-research company in return for micropayments every time you work out. You also received a micropayment when you watched the advertisement about that trip to Venice suggested by your digital assistant.

In 2040, the value of your data no longer flows to search providers or social networks. Instead, it all goes to you, allowing you to sell it to offset small costs throughout the day. The monetization of every aspect of our daily lives also creates a role for charity and altruism: You have the option to donate part of your regular micropayment income stream to your favorite charity in return for tax credits.

At lunchtime, you meet up with an old friend who now works overseas. After your meal, you both ask your digital assistants to split the bill and add a tip. You get up, pass your thanks on to the chef (yes, chefs are still human in 2040) and walk straight out; there’s no need to ask for the check. Fortunately, your visiting friend doesn’t have to worry about currency exchange costs, even though they’re not in their home country. Like you, they use a handful of digital currencies that are acceptable the world over and have minimal conversion costs.

The cryptocurrencies that emerged in the 2010s were not destined to last. But the blockchain tech that underpinned them evolved to create a new generation of super safe and completely transparent forms of money. Indeed, technology arrived just in time to fill the vacuum created by the collapse of trust in traditional institutions, which had historically acted as guarantors of currency stability.

After a hard day at work, your digital assistant knows you might not be in the mood to review your finances on the way home. But your assistant knows how to make the experience personal—and quick. “If you switch your regular savings to another provider, you’ll be able to reach your holiday saving target quicker and improve your credit rating; do want me to action that? And, by the way, your utility provider contract expires next month; would you like me to switch you to the lowest-cost renewable provider in line with your preferences?” Five minutes later, the autonomous cab reaches your apartment—and your finances are under control.
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Will all this be possible? Of course, no one knows. But micropayments, iris scans, and digital assistants are already a reality. Furthermore, the furor over the use of personal data by social networks could lead to people being rewarded for the use of their information. Our expectations as consumers are soaring as our lifestyles change and the pace of innovation accelerates. Increasingly, we want to live in a cashless mobile-only society—and technology will, therefore, find a way to make that happen.
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Cortana-Alexa Integration Is Getting Closer

5/6/2018

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Since Microsoft and Amazon announced plans to integrate their respective personal digital assistantslast summer, there's been almost no official update on the status of the partnership.

It seems, however, like there's finally movement happening.

An April 27 update to the Cortana support page actually mentions Alexa. "Cortana and Alexa are still getting to know each other. Soon you'll be able to ask Alexa to buy things, add items to your shopping list, access your Alexa skills, and more," says the brief update on the page. Yes, "soon" is vague. But it's something.

Typing "Alexa" into the search box in Windows 10 (on the Fall Creators Update version, at least) yields a message saying "I'll be able to connect you to Alexa soon. Stay tuned!"

Last summer, Amazon and Microsoft announced that their respective personal assistants would be able to talk to one another, so customers could opt to use the assistant most suited to a particular task. Amazon and Microsoft officials said last year that they'd make Cortana-Alexa integration available before the end of calendar 2017. Since then, there's been no update on when this might arrive.

In early March 2018, Cortana team members told Windows Insiders that the Cortana-Alexa integration was in "internal self-hosting" at Microsoftat the moment. Microsoft is working to "make sure it's (the integration) a great experience," the team said, noting that bringing together the two different speech stacks is "non-trivial."

Recently, Cortana's new boss, Javier Soltero, admitted that "skills for the sake of skills won't fly." He told PC World that skills usage isn't "quite as deep as most people think it is." He also acknowledged Microsoft's in total catch-up mode on this front. (That's for sure, with Alexa at 40,000-plus third-party skillsat last count.)
Given Cortana is set to access Alexa skills via this integration partnership, maybe Cortana's skills shortage is less horrible than meets the eye.
​
Soltero also declined to say whether there are any other Cortana-powered speakers in the works. Currently, there's one from Harman-Kardon. I think speakers might not be where Microsoft is focusing; perhaps it's more about conferencing systems, microphones or other more business-centric peripherals.

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    Rick Richardson, CPA, CITP, CGMA

    Rick is the editor of the weekly newsletter, Technology This Week. You can subscribe to it by visiting the website.

    Rick is also the Managing Partner of Richardson Media & Technologies, LLC. Prior to forming his current company, he had a 28-year career in technology with Ernst & Young, the last twelve years of which he served as National Director of Technology.

    Mr. Richardson has been named to the "Technology 100"- the annual honors list of the 100 key achievers in technology in America. He has also been honored by the American Institute of CPAs with two Lifetime Achievement awards and a Special Career Recognition Award for his contributions to the profession in the field of technology.

    In 2012, Rick was inducted into the Accounting Hall of Fame by CPA Practice Advisor Magazine. He has also been named to the 100 most influential individuals in the accounting profession in America by Accounting Today magazine.

    In 2017, Rick was inducted as a Marquis Who’s Who Lifetime Achiever, a registry of professionals who have excelled in their fields for many years and achieved greatness in their industry.

    He is a sought after speaker around the world, providing his annual forecast of future technology trends to thousands of business executives, professionals, community leaders, educators and students.

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