• 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
132
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

Africa’s Fastest-Growing Economy Sets new Rules for Foreign Stake in Local Banks

Nigeria’s Oil Production Could Reach 2 Million bpd by Next Year

BoG Halts GCB Bank Dividend Payment Over Regulatory Breach

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

How an Idle Land Tax Could Build 10,000 Homes in 5 Years

Thibaut Courtois Accuses La Liga of ‘Manipulation’ Amid Protests Over Miami Fixture

Historic Bid: U.S. Joins Forces with Mexico, Costa Rica, and Jamaica for 2031 Women’s World Cup

Bank of Ghana Sells GHS 7.0bn in 56-Day Bills at 21.46% Interest Rate

Deputy Finance Minister Hints 2026 Budget to Prioritise Fiscal Discipline and Job Creation 

FirstBank and Coronation Insurance Strengthen Partnership to Deliver Greater Value to Customers

Trending

Business

Africa’s Fastest-Growing Economy Sets new Rules for Foreign Stake in Local Banks

October 21, 2025

Africa’s Fastest-Growing Economy Sets new Rules for Foreign Stake in Local Banks Ethiopia has officially moved closer...

Nigeria’s Oil Production Could Reach 2 Million bpd by Next Year

October 21, 2025

BoG Halts GCB Bank Dividend Payment Over Regulatory Breach

October 21, 2025

How an Idle Land Tax Could Build 10,000 Homes in 5 Years

October 21, 2025

Thibaut Courtois Accuses La Liga of ‘Manipulation’ Amid Protests Over Miami Fixture

October 21, 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.