CHAPTER 7

Governance Challenges in the Age of Augmented Intelligence (AI): The Funny Business of Disruptions

P.K. Agarwal

Abstract

Beginning with the mainframe computers of the 1960s, we have witnessed wave after wave of tech-driven innovation. Interestingly each wave of technology becomes stronger than the previous one in its scope and reach causing disruption in its wake. Naturally, with each wave, some jobs are impacted but economic growth and new opportunities have so far compensated for these losses by the creation of new jobs. However, the newest wave propelled by Internet of Things, big data, machine learning, and artificial intelligence is exponentially stronger and has the potential of social and economic disruption at an unprecedented ...

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