Joseph Stiglitz on artificial intelligence: 'We’re going towards a more divided society'

“Beyond the impact of AI on work, Stiglitz sees more insidious forces at play. Armed with AI, tech firms can extract meaning from the data we hand over when we search, buy and message our friends. It is used ostensibly to deliver a more personalised service. That is one perspective. Another is that our data is used against us.

“These new tech giants are raising very deep issues about privacy and the ability to exploit ordinary people that were never present in earlier eras of monopoly power,” says Stiglitz. “Beforehand, you could raise the price. Now you can target particular individuals by exploiting their information.”

We’ve gone from a 60-hour working week to a 45-hour week and we could go to 30 or 25

Joseph Stiglitz
It is the potential for datasets to be combined that most worries Stiglitz. For example, retailers can now track customers via their smartphones as they move around stores and can gather data on what catches their eye and which displays they walk straight past.

“In your interactions with Google, Facebook, Twitter and others, they gather an awful lot of data about you. If that data is combined with other data, then companies have a great deal of information about you as an individual – more information than you have on yourself,” he says.”

Joseph Stiglitz on artificial intelligence: 'We’re going towards a more divided society'
http://www.theguardian.com/technology/2018/sep/08/joseph-stiglitz-on-artificial-intelligence-were-going-towards-a-more-divided-society
via Instapaper