POWER
P rod & O rder W orkers/ E mployees for ‘ R esults’ is now Obsolete but Power Still Promotes Progress and Profits in AI age but on a New Premise P assions O ptimism W isdom E nterprise R ewards All throughout history, power has been a measure of influence or control over outcomes, events, actors and issues. However, the means of acquiring and using power have metamorphosed from muscle to money, to mind and to machines based on AI, due to cataclysmic changes in the environment. And what’s coming could not have been conjured up by the wildest imagination. Historian and the author of Sapiens, Yuval Noah Harari, warns, “AI could cause ‘catastrophic’ financial crisis”. His logic is based on historical facts. He recalls that the 2007-08 financial crisis was created because very few people understood the new debt instruments, ‘Collaterelised Debt Obligations’ (CDO). And now, AI is not only getting wider controls, but it can create newer financial instruments that may be...