Technology

Eirik Wahlstrøm, CEO and Co-founder of Moviemask, explains his take on his startup, the pace of technology and what kind of cradle Norway is in this field.

The Accenture Strategy report, Reworking the Revolution: Are you ready to compete as intelligent technology meets human ingenuity to create the future workforce?, estimates that if businesses invest in Artificial Intelligence (AI) and human-machine collaboration at the same rate as top performing companies, they could boost revenues by 38 percent by 2022 and raise employment levels by 10 percent. Collectively, this would lift profits by US$4.8 trillion globally over the same period. For the average S&P500 company, this equates to US$7.5 billion of revenues and a US$880 million lift to profitability.

Magnus Arveng: "I have no doubt that technology is going to drastically change the world we live in. And I think we live in one of the most interesting time periods of humankind to be alive. But whether or not our technological advancements are exclusively for the better remains an open question"

First, they beat us at chess. Then it was Go. Now it’s basic reading comprehension. The robots are coming.

Alibaba says its deep neural network model has outscored humans in a global reading test, paving the way for the underlying technology to reduce the need for human input. The Chinese tech giant’s research unit, Institute of Data Science of Technologies (IDST), said it had developed a deep-learning model that attained a score of 82.44 in Exact Match on the Stanford Question Answering Dataset (SQuAD). Humans had clocked a previous score of 82.304, it said.

There has been much debate over the potentially negative impact of information overload on productivity, as opposed to the positive benefits from lower search costs.

Forecasting is more difficult than ever, given the rapid advances in technology. Before we anchor to today’s successes, we should bear in mind the lessons of history.