Maybe of no interest, and so the subject will die here, but with predictions that singularity may arrive as soon as 2030, some people here (not me) may live to see it.
That said, for those who may not be familiar with the concept, the Wikpedia article will provide some of the basic concepts.
Technological singularity - Wikipedia, the free encyclopedia
Here's one simple explanation from another source:
...and here's a website devoted to the subject :
Singularity Blog Covering Robots, Genetics, Stem Cells, Transhumanism, The Brain, The Future
.................................................................
Just a few thoughts to bring the concept to the real world, and one small way in which Technological Singularity may affect the economy in the short run.
The service industry is one of the few places that has been relatively stable for jobs in a contracting economy. It may also be one of the first casualties of Technical Singularity, as we are already seeing some effects. Imagine... in the near future, fast food restaurants where a large percentage of the employees may be replace by robotic food preparation, as in McDondalds. We already see self checkouts in many major chains, including Walmart. Then consider Amazon, and the many thousand employees who do the picking and sorting and restocking of hundreds of thousands of sku's. The precursor for doing this automatically is random access storage, similar to the coding that UPS and FedEx use for sorting, tracking and shipping.
This is not singularity per se, but it doesn't take too much imagination to see the direction. Medicine, accounting, food production, packaging and even picking in the fields is increasingly mechanized, and the optimization of energy is just around the corner.
Singularity is the discovery of fire, evolution, gunpowder, E=MC2, steam power, the industrial revolution, electricity, energy from oil/gas, the computer, the internet and maybe even the Higgs Boson.....
....All in one!!!
As of today, for most people, this is just philosophy or the putting together of progress that we've been aware of all along... so no big deal. Digging in to the theory a little deeper, opens the concern that artificial intelligence will soon outpace human intelligence. The quantum leap of technological advances may bring not only economic change, but social change.
My personal guess is that those who are in the forefront of practical, forward thinking applications, like Larry Page... will eventually outpace financial leaders and politicians... and be the managers and directors of whatever becomes of a new and very different society. Short video clip on the financial part.
http://exponential.singularityu.org/finance/cnbc-and-singularity-university-announce-partnership-watch-now/
Those who are in their 50's at the present time, may well live to see The Singularity... 15 to 25 years from now.
Thoughts welcome, or we can let the subject fade away.
That said, for those who may not be familiar with the concept, the Wikpedia article will provide some of the basic concepts.
Technological singularity - Wikipedia, the free encyclopedia
Here's one simple explanation from another source:
The Singularity is the hypothetical future creation of superintelligent machines. Superintelligence is defined as a technologically-created cognitive capacity far beyond that possible for humans. Should the Singularity occur, technology will advance beyond our ability to foresee or control its outcomes and the world will be transformed beyond recognition by the application of superintelligence to humans and/or human problems, including poverty, disease and mortality.
Revolutions in genetics, nanotechnology and robotics (GNR) in the first half of the 21st century are expected to lay the foundation for the Singularity. According to Singularity theory, superintelligence will be developed by self-directed computers and will increase exponentially rather than incrementally.
...and here's a website devoted to the subject :
Singularity Blog Covering Robots, Genetics, Stem Cells, Transhumanism, The Brain, The Future
.................................................................
Just a few thoughts to bring the concept to the real world, and one small way in which Technological Singularity may affect the economy in the short run.
The service industry is one of the few places that has been relatively stable for jobs in a contracting economy. It may also be one of the first casualties of Technical Singularity, as we are already seeing some effects. Imagine... in the near future, fast food restaurants where a large percentage of the employees may be replace by robotic food preparation, as in McDondalds. We already see self checkouts in many major chains, including Walmart. Then consider Amazon, and the many thousand employees who do the picking and sorting and restocking of hundreds of thousands of sku's. The precursor for doing this automatically is random access storage, similar to the coding that UPS and FedEx use for sorting, tracking and shipping.
This is not singularity per se, but it doesn't take too much imagination to see the direction. Medicine, accounting, food production, packaging and even picking in the fields is increasingly mechanized, and the optimization of energy is just around the corner.
Singularity is the discovery of fire, evolution, gunpowder, E=MC2, steam power, the industrial revolution, electricity, energy from oil/gas, the computer, the internet and maybe even the Higgs Boson.....
....All in one!!!
As of today, for most people, this is just philosophy or the putting together of progress that we've been aware of all along... so no big deal. Digging in to the theory a little deeper, opens the concern that artificial intelligence will soon outpace human intelligence. The quantum leap of technological advances may bring not only economic change, but social change.
My personal guess is that those who are in the forefront of practical, forward thinking applications, like Larry Page... will eventually outpace financial leaders and politicians... and be the managers and directors of whatever becomes of a new and very different society. Short video clip on the financial part.
http://exponential.singularityu.org/finance/cnbc-and-singularity-university-announce-partnership-watch-now/
Those who are in their 50's at the present time, may well live to see The Singularity... 15 to 25 years from now.
Thoughts welcome, or we can let the subject fade away.
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