• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Features

Bright Simons Writes: The AI Winter is not coming – yet

2 years ago
in Features, highlights, Home, home-news, latest News, Technology
3 min read
0 0
0
127
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Bright Simons Writes: The AI Winter is not coming – yet

The IMF says 40% of jobs are exposed to ArtificiaI Intelligence (AI). CNN translates this as 40% of jobs will be disrupted by AI. Not the same thing. Not even all that close.

When it comes to the other projected impacts, especially regarding inequality, the CNN summary does not deviate too much from the IMF line.

In this quick reaction, however, I only focus on the jobs angle. The whole “AI will kill jobs” debate seems like a loop. It keeps going round in circles. At its alarmist extreme, it gives off bad science fiction vibes.

One key point that is easy to miss, in all of this, though, is the rate, nature and trade-offs of diffusion and absorption of any disruptive technology.  Some technologies and their complements can diffuse and be absorbed across the economy without too much synchronisation of business decision-making, policymaking, user education, and investment reallocation planning. Take automobiles and gas/charging station networks, or airlines and airports, to use a very crude example.

Other technologies systems, however, can’t. Consider railways, for instance. That is why many African countries have been doing fairly well with road transport, and even air transport, but rail has proven extremely hard to get to any real level of scale.

AI is increasingly looking like a technology that falls more in the latter category of disruptive systems that require intense synchronisation (or hyper-integration) for deep societal absorption.

RelatedPosts

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe

Cyber Security Authority Flags Rising Mobile Data Scam, Cautions Public

If this view is correct, then:
A. AI will be slower in displacing jobs than assumed.
B. Efforts to increase its diffusion will by themselves create more jobs than AI’s parallel turbocharging of automation will end up killing over the medium-term horizon.

I explored this same theme more than a decade ago. That brief essay is very dated, but it captures the essence of the argument adequately.

What does all this mean for Africa?

1. The continent, given its already higher levels of fragmentation, may miss out on some of the early gains of transformative AI unless it embraces the concept of “transmediation” to increase synchronisation of commitment across different facets of society and the economy.

2. On the other hand, the structural gap between the continent and the global AI frontier may widen less quickly than suggested by the absolute differential in current capacities, allowing smart African countries to coordinate their strengths, catch up, and even overtake current category leaders. The fact that Africa generates less than 0.4% of some AI resources at present (far less than its relative economic weight) will then matter much less. The generative AI boom being witnessed today holds more promise for upskilling than for wholesale displacement, at least in Africa.

The obvious question here is whether Africa’s elites will take the right lessons from the past and seize the moment, recognising that excellent leadership in any one domain won’t cut it; only visionary transmediation across a broad span of national and regional systems can.

Source: Bright Simmons
Via: norvanreports
Tags: AIBright SimonsBright Simons Writes: The AI Winter is not coming – yetIMF
No Result
View All Result

Highlights

Gov’t Reopens Talks With PayPal to Restore Full Service Access in Ghana

Financial Sector Assets up 34.6% in 2024 to GHS 525.59 Billion

Banking Sector Soundness Remains Robust in 2024 Amid Strong Profitability, Adequate Capital Buffers

Sha’Carri Richardson Withdraws from US Trials Following Arrest

From Singuluma to El Kaabi: Can CHAN 2024 Unleash the Next Hat-trick Hero?

Ghana to Welcome King’s Baton Relay on August 8 Ahead of 2026 Commonwealth Games

Trending

Features

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes

August 2, 2025

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes Parliament has adjourned...

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe

August 2, 2025

Cyber Security Authority Flags Rising Mobile Data Scam, Cautions Public

August 2, 2025

Gov’t Reopens Talks With PayPal to Restore Full Service Access in Ghana

August 2, 2025
Bank of Ghana

Financial Sector Assets up 34.6% in 2024 to GHS 525.59 Billion

August 2, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.