{"id":138104,"date":"2014-09-01T05:43:27","date_gmt":"2014-09-01T09:43:27","guid":{"rendered":"http:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/uncategorized\/bankers-beware-city-will-soon-be-run-by-robots.php"},"modified":"2014-09-01T05:43:27","modified_gmt":"2014-09-01T09:43:27","slug":"bankers-beware-city-will-soon-be-run-by-robots","status":"publish","type":"post","link":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/artificial-intelligence\/bankers-beware-city-will-soon-be-run-by-robots.php","title":{"rendered":"Bankers beware: City &#39;will soon be run by robots&#39;"},"content":{"rendered":"<p><p>    I believe in Moravecs Paradox, Mr Coplin, Microsofts    UK-based chief envisioning officer, told The Telegraph,    referring to the Eighties hypothesis discovered by artificial    intelligence and robotics researchers. This states that what    we think is easy, robots find really hard, and what we think it    really hard, robots find easy, he said. Complex maths    equations are hard for humans but take nanoseconds for a    computer, but moving around and picking things up is easy for    us, while being almost impossible for a robot.  <\/p>\n<p>    Algorithms are already commonplace on City trading floors, and    are used in many industries, from online retail to internet    dating. High-frequency trading, governed by algorithms, is    already one of the most profitable trading classes. But,    according to Mr Coplin, in 10 years people will no longer be    required to manage these algorithms. Decisions will be taken    directly by the artificial intelligence.  <\/p>\n<p>    Everyone thinks of Terminator and Skynet [the computer that    becomes self-aware and attempts to destroy mankind in James    Camerons 1984 film] when I start talking about this, but    technology affords us a tremendous opportunity to play to our    strengths as humans, and stand on the shoulders of robotic    giants, said Mr Coplin.  <\/p>\n<p>    Microsoft has tasked Mr Coplin with exploring the new trends    that will shape the world of work in the coming years.  <\/p>\n<p>    I am hunting for the game-changers of the next 10 years, he    said.  <\/p>\n<p>    Mr Coplin believes that the rise of big data and innovations in    the field of ambient intelligence  smart technology that    responds to the presence of people  are going to bring about    radical changes in the workplace.  <\/p>\n<p>    I call my mobile a smartphone but even though it has    information about where I am and who I speak to, it doesnt do    anything with that information. It doesnt deliver a service.  <\/p>\n<p>    In the future, ambient intelligence will allow devices to    anticipate your needs and respond in real time. Your phone will    send automated email responses based on keywords and    contributing factors such as location, time of day, and    calendar entries. Business processes will be increasingly    automated, freeing up humans to do more useful things, Mr    Coplin said.  <\/p>\n<p>    Big data is not a new concept but technologists are    increasingly interested in finding new ways that these    mountains of data can be read and interpreted.  <\/p>\n<p>    Microsoft is an active participant in this field of research.    It recently trialled a new feature for Skype, its voice over IP    service, which allows users to select a language and translates    their speech in real-time.  <\/p>\n<p><!-- Auto Generated --><\/p>\n<p>Read the original: <\/p>\n<p><a target=\"_blank\" href=\"http:\/\/telegraph.feedsportal.com\/c\/32726\/f\/568300\/s\/3e04cf82\/l\/0L0Stelegraph0O0Cfinance0Cnewsbysector0Cmediatechnologyandtelecoms0Celectronics0C110A670A770CBankers0Ebeware0ECity0Ewill0Esoon0Ebe0Erun0Eby0Erobots0Bhtml\/story01.htm\/RK=0\/RS=q.Ql9LYwvWyJeR2Fr4gTVJELtRM-\" title=\"Bankers beware: City &#39;will soon be run by robots&#39;\">Bankers beware: City &#39;will soon be run by robots&#39;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> I believe in Moravecs Paradox, Mr Coplin, Microsofts UK-based chief envisioning officer, told The Telegraph, referring to the Eighties hypothesis discovered by artificial intelligence and robotics researchers. This states that what we think is easy, robots find really hard, and what we think it really hard, robots find easy, he said <a href=\"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/artificial-intelligence\/bankers-beware-city-will-soon-be-run-by-robots.php\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"limit_modified_date":"","last_modified_date":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[13],"tags":[],"class_list":["post-138104","post","type-post","status-publish","format-standard","hentry","category-artificial-intelligence"],"modified_by":null,"_links":{"self":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/posts\/138104"}],"collection":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/comments?post=138104"}],"version-history":[{"count":0,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/posts\/138104\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/media?parent=138104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/categories?post=138104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/tags?post=138104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}