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The robot as an employer? About AI, unemployment and a possible future

In recent years, the advancement of humanoid robots and artificial intelligence (AI) has been nothing short of astonishing. These technologies are rapidly infiltrating our daily lives, from the devices we use to the industries that power our economy. While they offer immense potential for progress and innovation, they also raise significant concerns, particularly in the realm of the labor market. (toc) #title=(content list) This article explores the profound implications of humanoid robots and AI on the future of work. I will explore the potential for job displacement, the role of AI in shaping the labor market, and innovative solutions to mitigate the negative consequences. By examining these topics from multiple perspectives, I aim to provide a comprehensive understanding of the challenges and opportunities ahead. The Robots Are Coming - And With Them the Change The Robots Are Coming - And With Them the Change In recent years, we have witnessed a remarkable surge i...

AI and ML Systems in Finance: Benefits, Challenges, and the Need for Prudential Oversight

The deployment of AI and ML systems in the financial sector will continue to accelerate, driven by rapid increases in computational power, data storage capacity, big data, as well as significant progress in modelling and use-case adaptations. The use of AI/ML in finance is expected to bring important benefits, including significant cost savings and efficiency gains, new markets, better risk management, new customer experiences, products, and lower costs, and powerful tools for regulatory compliance and prudential oversight. One such intelligent system is the autonomous AISHE system, which learns from large amounts of data to improve data decision-making, processing and analysis faster and more accurately than humans, making it an invaluable tool in the financial industry. However, the use of AI/ML in finance also raises significant financial policy challenges. It brings about ethical questions and new unique risks to the financial system's integrity and safety, of which the full ex...