Calum Chace, Best-selling Author of the Books: The Two Singularities, The Economic Singularity, and Surviving AI participate in Risk Roundup to discuss Artificial Intelligence-driven Economic Singularity.
Artificial Intelligence Driven Economic Singularity
Economic progress has always been driven by some sort of automation. In the last 150 years, internal combustion engines, electricity, and semiconductors have driven automation and industrial revolutions have brought fundamental transformation to the rate of economic growth for nations.
As artificial intelligence-driven automation also brings the potential of fundamental transformation in the ways that were not thought possible across cyberspace, geospace, and space until now– the world’s economic output that had approximately doubled every fifteen years– is now expected to double at least quarterly, and perhaps more frequently, on a weekly basis.
As seen across nations, A.I. is already being deployed in the production of many goods and services. In the coming years, A.I. may also change the process by which we, individually and collectively create new ideas, innovations, and technologies. This will certainly help us solve complex problems facing nations in cyberspace, geospace, space, and beyond.
Security Risks
So, as we create an intelligence greater than our own—as we are about to do with AI– when this happens, the human ecosystem in cyberspace, geospace, and space will move far beyond our human understanding. It is important to understand:
- As we approach AI driven technological singularity, what other singularities may arise?
- As we get closer to the technological singularity process, do we have a clear understanding of where AI is taking us?
- As we get closer to the economic singularity, do we have a clear understanding of the security risks that will emerge?
So, as we evaluate the potential of A.I. becoming self-improving and leading to a singularity—it is important to evaluate where will the impact of singularities: limitless artificial intelligence and/or limitless economic growth in finite time is taking humanity. In addition, if the future of humanity was to depend on human/machine collective intelligence, and we develop the collective capabilities of crunching goods, products, services, and economic numbers faster than any previous machine or human, how long would it take– before the current form of money– and the economic system become obsolete?
Time is now to talk about the Security Risks emerging from AI-driven Economic Singularity!
About the Author
Calum Chace is a best-selling author of fiction and non-fiction books and articles, focusing on the subject of artificial intelligence. His books include ‘Surviving AI’, a non-fiction book about the promise and the challenges of AI, and ‘Pandora’s Brain’, a techno-thriller about the first superintelligence. He is a regular speaker on artificial intelligence and related technologies and runs a blog on the subject at www.pandoras-brain.com. He also serves as chairman and coach for growing companies. Before becoming a full-time writer, Calum had a 30-year career in journalism and business, in which he was a marketer, a strategy consultant, and a CEO. He maintains his interest in business by serving as chairman and coach for a selection of growing companies. In 2000 he co-wrote The Internet Startup Bible, a business best-seller published by Random House. A long time ago, Calum studied philosophy at Oxford University, where he discovered that the science fiction he had been reading since boyhood was actually philosophy in fancy dress. He lives in England and Spain with his partner, a director of a design school, and their son.
About the Host of Risk Roundup
Jayshree Pandya (née Bhatt), Founder and CEO of Risk Group LLC, is a scientist, a visionary, a futurist, an expert in disruptive technologies, and a globally recognized strategic security risk intelligence expert with decades of experience in science and technology, technology trends, digital disruption, strategic security risks, and national preparedness.
Her doctorate work focused on hydrogen production by Halobacterium halobium, for which she received India’s National Young Scientist Award in Biochemistry. Her publications on this work have been cited in several books, journals, and reports published by governments, including a report from the United States Department of Energy (Review of Non-conventional Bioreactor technology by C, E Turick and M.E Mcllwain Prepared for the US Dept of Energy. Published September 1993). Her work on anti-cancer drugs also received worldwide attention and, amongst other citations, has been referenced in a report published by the World Health Organization (Review of Non-conventional Bioreactor technology by C, E Turick and M.E Mcllwain Prepared for the US Dept of Energy. Published September 1993).
In 1991, she was invited to come to the United States (under the Scientist Exchange Program) to continue research on hydrogen production and was awarded a post-doctoral fellowship at the Hawaii Natural Energy Institute. Next, she researched atherosclerosis at the University of Chicago Medical School. Next, she took a job at Aurotech, a biotech company based in Wisconsin. As in her Ph.D. research, she used microorganisms to develop natural processes and technologies, and some of the projects she worked on were quite promising. While her doctorate and post-doctorate studies gave her the first taste of the power of interdisciplinary research, it also introduced her to the repressive power of institutional silos and inefficiencies. As a result, her physical location wasn’t the only thing that shifted in the 1990s; her focus did as well. Since Microbiology trained her to see changes in tiny organisms coming from natural selection, she began to see similar forces at work in the evolution of individuals as well as entities across nations: its government, industries, organizations, and academia (NGIOA), and society in general. It’s all the same basic mechanism. Her career took another turn after she was asked to consider risk management as part of a strategic planning effort by one of her employers. She quickly realized that most risk management is all process, with no actual benefit. That was the beginning of Risk Group, the strategic security risk research organization she founded in 2002, where she is passionately creating and managing cutting-edge security ventures that bring a futurist perspective to nations and all its components to improve innovation capacity and define and design new ideas, innovations, products, and services for security and sustainability.
A globally recognized thought leader and influencer, Jayshree is actively engaged in driving the thought leadership on existing and emerging technologies, technology transformation, and national preparedness. From the National Science Foundation to organizations from across nations, Jayshree is an invited speaker on emerging technologies, technology transformation, digital disruption, strategic security risks, industry risks to country risks. She is the author of the book, The Global Age: NGIOA @ Risk.
About Risk Roundup
Risk Roundup, a global initiative launched by Risk Group, is a security risk reporting for risks emerging from existing and emerging technologies, technology convergence, and transformation happening across cyberspace, geospace, and space. Risk Roundup is released in both audio (Podcast) and video (Webcast) format and is available for subscription at (Risk Group Website, iTunes, Google Play, Stitcher Radio, Android, and Risk Group Professional Social Media).
About Risk Group
Risk Group LLC, a leading strategic security risk research and reporting organization, is a private organization committed to improving the state of risk-resilience through collective participation, and reporting of cyber-security, geo-security, and space-security risks in the spirit of global peace through risk management. Incorporated as a limited liability corporation and headquartered in Sugar land TX, Risk Group is independent, impartial, and not tied to any interests. Best known for its Risk Roundup initiative, Risk Group publishes benchmark Risk Roundup Webcast and Podcast reports on Artificial Intelligence, Machine Learning, Deep Learning, Internet of Things, Blockchain, Cryptocurrency, Quantum Computing, Virtual Reality, Synthetic Biology, Big Data, Drones, Nanosatellites, Cyber-Security, Geo-Security, Space-Security, Cyber Warfare, Electronic Warfare, Dual-Use Technologies. Risk, Risk Management, Resilience, Wearables, Technology Trends, Strategic Security, Futurism, and much more. The rapidly growing Risk Roundup Community is a beacon of hope for the future of humanity.
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