Can A.I. Reduce Poverty and Inequality?: AI in 60 Seconds

Will A.I. reduce poverty and inequality or make them worse?

On the positive side, A.I. is enabling all technologies and industries and will create a huge amount of wealth in the world measured by PwC as 16 trillion dollars in the next eleven years and more wealth ought to reduce poverty and inequality. Another aspect is that A.I. can be applied to health care and reduce the cost of health care and can be applied to education and make it more accessible. So that should also improve. However, A.I. has the following problems. First, much of the wealth generated by A.I. will go to the powerful Internet companies and big data companies like Google, and Facebook, and Tencent, and Alibaba. So they will get richer and A.I. will displace a lot of jobs, so poor people might lose their jobs. And A.I. will make lots of money for AI Superpowers like US and China, and may make other countries worse off. So the answer is we don't know but it's something we have to think about.

The Business and Market Fair that recently took place in Sanzule, Ghana featured local crops, livestock and manufactured goods, thanks in part to the Livelihood Restoration Plan (LRP), one of Eni's initiatives to diversify the local economy. The LRP program provided training and support to start new businesses to approximately 1,400 people from 205 households, invigorating entrepreneurship in the community.

Learn more at Eniday: Energy Is A Good Story

Russia's Vladimir Putin and Ukraine's Volodymyr Zelensky sat down yesterday with Germany's Angela Merkel and France's Emmanuel Macron for a meeting in the Elysée Palace in Paris for peace talks. This was the first-ever meeting between Putin, Russia's dominant political force since 2000, and Zelensky, who was a TV comedian at this time last year.

Fears that Putin would use Zelensky's inexperience to back him into a deal on Russian terms weren't realized, but the relationship between the two has only just begun.

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Macron not backing down over pensions – Despite five days of mass unrest that has paralyzed Paris' public transport system and dented both tourism and Christmas retail, the government will stand firm on a proposal to reform and unify the country's 42 different pension plans. France's pension system, one of the most generous of any major industrialized country, has major budget shortfalls that contribute to the country's ballooning deficit. Last year, Macron abandoned a proposed fuel price hike that ignited the Yellow Vest movement. But overhauling France's "welfare state" was central to his 2017 election platform, and acquiescing to protesters this time around would be political suicide. France's prime minister – tapped to lead the pension reform project – is expected to announce the plan's final details tomorrow. We're watching to see how this might escalate things further.

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4: The World Anti-Doping Agency handed Russia a four-year ban from all major sporting events, precluding its participation in the Tokyo 2020 Olympics and Paralympics, and soccer's 2022 World Cup in Qatar. Russia has three weeks to appeal the ban, which its prime minister says is the result of "chronic anti-Russian hysteria."

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Are we seeing the creation of a parallel universe for US and Chinese tech industries?

I think the answer is yes. In the past, US has dominated the world in technologies from P.C. operating systems, semiconductors, to servers, and even Internet. But ever since the rise of mobile technologies, China has really leveraged the large market with a huge amount of data and now is beginning to innovate and build great mobile apps on which there's a large amount of data being collected.

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