Excerpt from the Asteroid Mining page on Wikipedia.
Didn't doubt the numbers when I first heard about this, which was a couple of years ago.
Space exploration, colonization and mining can offer unimaginable opportunities for our species.
We are witnessing and about to witness two major transformations:
This means that a lot of older models will start breaking down and newer models will be required.
This blog-post has been sitting in my drafts folder for quite some time.
In 2012, I came across an interesting research paper by Nils J. Nilsson. The title of this research paper is ’Artificial Intelligence, Employment and Income‘. It appears that the actual research paper was published in the summer of 1984.
Nilsson has raised a couple of interesting points in this paper. Excerpt below:
Now I haven't even scraped the surface of AI, machine learning and mobile robotics in general. But, these technologies will mature very rapidly and when they do, then there will be some sort of an impact on jobs. And specifically routine based jobs.
Hence, I think I agree with the gist of what Professor Nilsson has mentioned in this paper.
The sentiment about generational wide changes is shared amongst one or two other individuals that I have spoken to as well. In particular, I recall my conversation with one of the CompSci Professor at Ryerson University and how they agreed with the statement being made in bullet # 2 above.
Civilization would have to make the necessary changes today, in order to be able to truly meet the impact, that the birth of true and real A.I is going to create in the future. Waiting for that moment to arrive is not an option.
Professor Nils J. Nilsson is not the first or the only scientist to have raised this issue in a reasonable, legible, rational way. Shedding light on this issue is important. Equally important is to do it in such a way that is rational. That does not have a luddite bias attached to it. Here, I use the term technology in the broader sense. One that encompasses advancement made in computing, AI and robotics. We need more investments and continued advancement in these areas as this is the only way of ensuring that we are able to provide for 7 billion people (and growing).
Also, in the near-term future state, the overall issue of employment requires a new vision and a new way of thinking. Hence, design-thinking becomes that much more important.
If we can successfully wean ourselves off of fossil fuel. Then, such a move can invariably guarantee that we enter into an age of abundance.
I skate to where the puck is going to be, not where it has been.” – Wayne Gretzky
Originally posted on April 7th, 2013
I had this random idea the other day.
Banks and other financial institutions should hire micro-biologists and put them to work.
A team of individuals well versed in the subjects of computer science, micro-biology and well general finance. Such a team should be able to come up with simulations that would then be able to showcase:
But overall, I suspect that economic contagion spreads a lot like any other contagion. Predictive analysis and all the benefits that one can derive is just one element. Making money off of such a solution is another lucrative aspect.
On a separate note, I'm thinking: Business Continuity and Risk Management have taught me good things. But sometimes I wonder how they ended up rewiring my brain. Connecting economics to microbiology. hmm.