The Effects Artificial Intelligence has had on Society and on Business

The Effects Artificial Intelligence has had on Society and on Business Until recently, many people thought it unlikely for machines to have human-like abilities. Human-like abilities were generally only attributed to animals, and not machines. However, with technological advancements such as computers, many are beginning to realize the importance and impact such machines have in business. There are virtually no businesses today who do not implement the use of the Internet and networking technologies. The reason is because e-Business has made it more efficient, effective and has saved companies time and money when dealing with their business practices. It is difficult to assign intelligence to man-made objects, so first we must define and discuss what intelligence actually is. This is a complicated subject, raising questions of consciousness and self. Even intelligent behavioral studies in humans have been difficult and complex to understand. However, one popular early definition put forth by John McCarthy at the Dartmouth Conference in 1956, is, "making a machine behave in ways that would be called intelligent if a human were so behaving" (http://www.answers.com/artificial+intelligence&r=67). This is when the term â€Å"artificial intelligence† was first coined. Basically, it is giving a computer a rational mind-set comparable to humans. This raises a whole question: is making artificially intelligent machines ethical? This question will be addressed later in the paper. Artificial intelligence (AI) can be classified into two categories: strong AI and weak AI. Strong AI involves some form of technology that can reason and solve problems as a human does. Strong AI is then classified into two forms also: 1... ...rtificial+intelligence&r=67>. The History of Artificial Intelligence. July 1997. Online. Internet. Thinkquest. March 12, 2005. < http://library.thinkquest.org/2705/history.html>. The Honda Humanoid Robot ASIMO. 2004. Online. Internet. Honda Motor Company. March 12, 2005. < http://world.honda.com/ASIMO>. The MITS Altair 8800. Online. Internet. The Computer Science Club at University of California, Davis. March 12, 2005. <http://wwwcsif.cs.ucdavis.edu/~csclub/museum/items/mits_altair_8800.html>. O’Brien. James A. Management Information Systems: Managing Information Technology in the Business Enterprise. The McGraw-Hill Companies, Inc. New York: 2004. Pop quiz: What was the first personal computer? 2002. Online. Internet. Blinkenlights Archaelogical Institute. March 4, 2005. <http://www.blinkenlights.com/pc.shtml>.

Economic Development of India Essay

The capital market is the market for securities, where Companies and governments can raise long-term funds. It is a market in which money is lent for periods longer than a year. A nation’s capital market includes such financial institutions as banks, insurance companies, and stock exchanges that channel long-term investment funds to commercial and industrial borrowers. Unlike the money market, on which lending is ordinarily short term, the capital market typically finances fixed investments like those in buildings and machinery. Nature and Constituents: The capital market consists of number of individuals and institutions (including the government) that canalize the supply and demand for longterm capital and claims on capital. The stock exchange, commercial banks, co-operative banks, saving banks, development banks, insurance companies, investment trust or companies, etc., are important constituents of the capital markets. The capital market, like the money market, has three important Components, namely the suppliers of loanable funds, the borrowers and the Intermediaries who deal with the leaders on the one hand and the Borrowers on the other. ï  ® The demand for capital comes mostly from agriculture, industry, trade The government. The predominant form of industrial organization developed Capital Market becomes a necessary infrastructure for fast industrialization,and hence its important for the economy because india is a land if agriculture where more than 70 % of population depends upon agriculture and as India is also an developing nation so,industrialization is must necessary In this topic we have discussed that the development of stock market must contributes to economic growth both directly and indirectly. Hence stock market plays an important role in the economy of a country. Following the direct channel, we show that market liquidity has a positive impact on growth and indirectly market size affects investments which must affect growth of the country. Security markets also play a crucial role in economic growth and financial stability. The primary purpose of security markets is to serve as a mechanism for the transformation of savings into financing for the real sector, and hence constituting an alternative to bank financing. Recent local and global studies show that there is a positive correlation between the developments of stock markets and economic growth. Stock markets must be very efficient in the allocation of capital to its highest-value users. These markets also help to increase savings and investment, which are essential for economic development. If an equity market is informationally inefficient then investors face difficulties in choosing the optimal investment, because information on corporate performance is slow. Role of Securities Markets in Economic Development The increasing stringency of terms on both domestic and international loans, the urgency of mobilizing domestic resources by means other than dent finance has been greatly identified. The alternative to debt finance, of course is equity market. Capital market refers to the market for long and medium term funds for the business enterprise. It can be divided into securities and non-securities market. Securities market in turn may be divided unto the markets for primary issues and markets for secondary trading of the issued securities. In the secondary market, the existing securities change from the investor to another. There is no additional flow of funds for investment purposes in a secondary market; it only provides liquidity and marketability to the existing securities. A secondary market is very essential for a new issue market to develop. The secondary market can play most crucial functions in the pace of economic development by the promotion of savings and investment and efficient allocation of finds among the users. The securities market offers both investors and issues a broad spectrum of investment alternatives, which can help increase the level of both savings and investment. An efficient capital market can play the crucial role in mobilizing domestic savings for the purpose of investment

Man versus Machine - 933 Words

In the 19th century, the Industrial Revolution brought wealth and power to Great Britain. Many changes occurred in Britain that helped it as a country while other things brought the people within Britain down. Factories and other labor works were introduced to the people in Britain. Many argue that this change impacted the economy and social life of those individuals living in Europe. Many individuals wrote on behalf of the change, some going for it and others going against it. One major controversy was between Dr. Andrew and Friederich Engels who wrote against each other depending on their opinion. In my opinion I believe there are more advantages than disadvantages that came out of the Industrial Revolution. To begin, many factories open up for business and gave the opportunity to many workers, including children. Some factories that opened their doors to the poor to work where cotton factories, and factories that managed iron and coal. The usage of machines made the labor work eas ier, since it was a mixture of machinery and hands on jobs. Also the products produced by these factories brought in a large amount of investments for the owners. That was the main goal of the Industrial Revolution, to make more money, and in order to do that they needed to produce more. Many believed that the Industrial Revolution was the best thing that happened to Europe. For example, Dr. Andrew Ure. He had a positive mindset towards industrialization. The usage of machines made it easierShow MoreRelatedEthical Dilemma Of Man Versus Machines1242 Words   |  5 PagesEthical Dilemma Of Man Versus Machines The theoretical barrier that separates man from machine is fractured and weak, as it will not be long before this wall breaks down under the full force of the issue at hand. Biological engineering has the ability to rewrite the international economic gap as well as the ethics that the US military is built off of. 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