Thursday, March 28

Tag: MIT

Machine Learning Will Not Replace People In All Jobs: Study
ANALYSIS

Machine Learning Will Not Replace People In All Jobs: Study

Machine learning computer systems, which get better with experience, can outperform people in a number of tasks, though they are unlikely to replace people in all jobs, a study has found. Researchers from Carnegie Mellon University and Massachusetts Institute of Technology (MIT) in the US found 21 criteria to evaluate whether a task or a job is amenable to machine learning (ML). "Although the economic effects of ML are relatively limited today, and we are not facing the imminent end of work as is sometimes proclaimed, the implications for the economy and the workforce going forward are profound," researchers said. The skills people choose to develop and the investments businesses make will determine who thrives and who falters once ML is ingrained in everyday life, they argue. ...
MIT and Harvard Graduates Helping Pakistani Farmers To Make Big Money!
Story

MIT and Harvard Graduates Helping Pakistani Farmers To Make Big Money!

Ricult is an endeavor by a US-based start-up founded by 4 MIT and 1 Harvard graduates. They help smallholder farmers (< 10 acres holding) reduce information asymmetry and work their way out of poverty to become more impactful economic actors.  At the heart of their concept is a virtual marketplace which allows farmers to procure  agriculture inputs (seed, fertilizers, pesticides etc.), access interest-free/low interest based loans transparently and sell their produce directly to buyers (processing plants, corporate organizations etc.) directly from the Ricult marketplace.   Founders Usman Javaid, (CEO) is an MIT alumnus with 15 years of experience in Telecom, Mobile Banking, Mobile Agriculture in Pakistan and Bangladesh. Jonathan Stoller, the CTO pursued his Masters in Compute...