Next Big Future
The fourth industrial revolution is taking place, so why are business leaders not jumping on the bandwagon and investing in it? One reasonable answer is that businessmen tend to be a bit conservative. They would rather sacrifice immediate profits in order to see if the wave of the future is more than just a passing fad.
If not Businesses, How about Government
In one article the headline read, Governments have to invest in the fourth industrial revolution, the idea of governments investing in the fourth revolution was not mentioned. Nor were there any compelling reasons given for why governments should invest in artificial intelligence and nanotechnology.
It seems that the idea of involving government is just an end run to raise money for personal pet projects. Artificial Intelligence may be the next big industrial move, but it is not a vision shared by the majority of people, including government officials. They have other concerns as do the corporate leaders in the business community.
Governments Are Governed
While many businessmen have been elevated to the country’s top political offices, their talents do not always transfer. Businessmen know how to run a business, most do not know how to govern.
Governments are not playing with their own money like businesses do. There are rules governing how an administration can spend the money it is given by the public. Businesses are given money by shareholders, but that money is given for the express purpose of making more money.
Governments do not have that limited use of money nor the freedom to use it for investment only. They have many other needs to address the revenues received. Investing money in artificial intelligence cannot always be done because someone wants the government to invest in their project.
Artificial Intelligence May Be the Next Best Thing
Yet the motivation behind the call for investment is unclear. In the first two industrial revolutions, progress was brought about by a combination of factors. Not only did the new technology help businesses perform better, it also helped the lives of the people.
The third revolution revolutionized communication. There was a need to speed up ow the world passed on information. But with artificial intelligence, the need is not there. The motivation is debatable and probably why governments and business leaders are slow to invest.
Business Leaders Are Not Dumb
Another possible answer to the initial question, businessmen, and government officials may see the bigger picture. They know that displaced workers will not have money to buy the products they produce. Nor will they have the money to pay taxes.
Artificial Intelligence advocates say we will just re-educate and re-train the worker. But that is not as quick of a fix as these advocates think. It takes the money and a lot of time to develop programs to accomplish this retraining. It is not as simple as it seems.
Should Governments Invest in Artificial Intelligence
That is a question that should be left up to the different administrations to answer. For the present, the application and safety protocols of Artificial Intelligence are the issues that need to be addressed.