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Tag Archives: artificial intelligence

Artificial intelligence’s great impact on low and middle-skilled jobs

Artificial intelligence and machine learning will significantly transform low-skilled jobs that have not yet been negatively affected by past technological change. The academic literature suggests that, in the past decades, technological progress has led to job polarisation in European Union countries. While computer technologies and robots have replaced, to some extent, routine middle-skilled jobs such as machine operation, construction work or administrative work, they have also led to an...

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Occupational change, artificial intelligence and the geography of EU labour markets

From 2002 up to 2009, the economies of European Union countries went through a skill upgrading, rather than a polarisation between low-skill and high-skill jobs. After 2009, this changed, with declining real wages and a significant increase in the share of workers in low-skill jobs. This assessment evaluates these changes in connection with labour market variables, population densities and the emergence of machine learning and artificial intelligence. We study the nature and geography of...

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Artificial intelligence in the fight against COVID-19

Artificial intelligence can help fight the coronavirus through applications including population screening, notifications of when to seek medical help and tracking how infection spreads. The COVID-19 outbreak has triggered intense work on such applications, but it will take time before results become visible. By: Georgios Petropoulos Date: March 23, 2020 Topic: Innovation & Competition Policy In the face of the coronavirus, digital technologies are vital for both social health...

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Big data versus COVID-19: opportunities and privacy challenges

All available resources need to be brought to bear on the novel coronavirus COVID-19. To what extent can digital technology help? What risks are there in using big data to combat COVID-19, and what policies can mitigate any limitations that these risks impose? Information that could be made available A great deal of COVID-19-relevant information is potentially available in the digital world. Users of social networks voluntarily provide extensive personal information, usually including...

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Europe may be the world’s AI referee, but referees don’t win

The EU needs to invest in homegrown technology. By: Guntram B. Wolff Date: February 19, 2020 Topic: European Macroeconomics & Governance The European Commission’s Executive Vice President Margrethe Vestager has been tasked with developing a European strategy on artificial intelligence. For Europe, the crucial question is how to speed up AI uptake in the industrial sector — indeed, only 18 percent of large European companies use AI tools at scale.So far, however, the European...

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Europe may be the world’s AI referee, but referees don’t win

The EU needs to invest in homegrown technology. By: Guntram B. Wolff Date: February 19, 2020 Topic: European Macroeconomics & Governance The European Commission’s Executive Vice President Margrethe Vestager has been tasked with developing a European strategy on artificial intelligence. For Europe, the crucial question is how to speed up AI uptake in the industrial sector — indeed, only 18 percent of large European companies use AI tools at scale.So far, however, the European...

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The EU’s plan to catch up on artificial intelligence

While the US and China have been setting the pace when it comes to Artificial Intelligence, the European Union seems to be lagging behind. What are the Commission's plans to finally catch up? Will AI increase the gap between big and small companies? This week, Nicholas Barrett is joined by Julia Anderson and Guntram Wolff to discuss the EU's plan for AI. By: The Sound of Economics Date: February 14, 2020 Topic: Innovation & Competition Policy

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The dynamics of data accumulation

The bigger you are, the more data you can harvest. But does data accumulation necessarily breed monopolies in AI and related machine learning markets? By: Julia Anderson Date: February 11, 2020 Topic: Innovation & Competition Policy Each new sunrise increases the certainty that the sun will rise tomorrow. The more we know about the past, the better we can predict the future. The same holds true in important AI and related machine learning (ML) applications, where great volumes...

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Industrial revolutions might not be as fun as they look

AI promises a new industrial revolution but history warns us that industrial revolutions aren't always that fun for people in the eye of the storm. This week, Nicholas Barrett and Maria Demertzis spoke with Dr. Carl Frey, author of the book "The technology trap: capital, labor, and power in the age of automation", and Robert D. Atkinson, President of Information Technology and Innovation Foundation (ITIF), about how artificial intelligence will affect the job market. By: The Sound of...

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Do AI markets create competition policy concerns?

AI markets are young and their structure is yet to crystallise. Is European competition law ready for what happens next?As the EU Executive Vice President for a Europe Fit for the Digital Age and Competition Commissioner, Margrethe Vestager holds both an industrial and a competition policy mandate. This dual mandate provides complementary, and potentially conflicting, instruments to support and restrain artificial intelligence (AI) in Europe.[1] This article, the first in a series about AI,...

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