IBM sends Watson supercomputer to business school – from wired.com by Eric Smalley

 

IBM's Watson takes on Harvard and MIT students.

Excerpt:

There have been four waves of technological innovation that disrupted the labor market over the last two and a half centuries starting with the Industrial Revolution, and we’re beginning the fifth, said IBM Chief Economist Martin Fleming. “We’re now beginning to enter into, in my view, a period where the economy is beginning to open up opportunities for the deployment of very significant innovation … We’re going to see many new industries get created, radical new technologies being deployed, but being deployed in the context of new business models,” he said.

“This will have significant implications from an income and income distribution point of view.”

The MIT economists generally agree that we’re at the beginning of a technology-driven shift in the economy and ultimately the labor market will adjust. But no one had any good news for workers in the middle of economy during the transition. “The future is already here in many ways, in terms of what technology can do,” Brynjolfsson said. “But right now the benefits are not very evenly distributed.”