What to Expect from Artificial Intelligence

Major technology companies such as Apple, Google, and Amazon are prominently featuring artificial intelligence in their product launches and busily acquiring AI based startups.  The flurry of interest in AI is triggering a variety of reactions — everything from excitement about how the capabilities will augment human labor to trepidation about how they will eliminate jobs.  As the authors explains, the best way to assess the impact of radical technological change is to ask a fundamental question: “How does the technology reduce costs?” Only t.....