DIGITAL INDUSTRY UPDATE AUG 2019

Facebook rolls out new tools for businesses on Messenger, including appointment booking and lead generation, says it will phase out Discover tab in Messenger

Jack Ma and Elon Musk’s discussion about AI –
Ma says AI isn’t a threat, Musk responds “famous last words”

Musk: People underestimate the capability of AI. They sort of think like it’s a smart human. (But it’s going to be) much smarter than the smartest human you will ever know.

Ma: I never in my life say human beings will be controlled by machines, it’s impossible…Human beings can never create another thing that is smarter than human beings.

Musk: I very much disagree with that. The biggest mistake I see people making is to assume they’re smart.

Ma: My view is that computers might be more clever, human beings are much smarter.

Musk: Yeah, definitely not.

Ma: I’m quite optimistic and I don’t think artificial intelligence is a threat. I don’t think artificial intelligence is something terrible but human beings are smart enough to learn that…People like us — street smart — we’re never scared of that.

Musk: I don’t know man, that’s like famous last words…If you go back 40 years ago, 50 years ago maybe, you had Pong — that was just two rectangles and a square. Now you’ve got 40 realistic real time simulations with millions people playing simultaneously. If you assume any rate of improvement at all, I mean these games will be indistinguishable from reality. You will not be able to tell the difference. Either that or civilization will end.

Ma: Clever is knowledge-driven, smarter is experience-driven. Computers are only one of the clever tools that humans created, computers are clever, but there will be more tools that human beings will create that are much more clever than computers.

Musk: (AI is) going to get to a point where it just completely simulates a person, like many people simultaneously, in fact obviously there’s a strong argument that we’re in a simulation right now.

India-based Udaan, an online marketplace for purchasing goods by retailers from wholesalers, raises $300M from Altimeter Capital, GGV Capital, others  —  Udaan, an online marketplace that caters to small businesses, has raised $300 million from Silicon Valley fund Altimeter Capital …

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