How Artificial Intelligence Will Change Our World

Remember those sci-fi films and television shows that we all watched as children and many of us still watch today? They showed us some fairly high tech devices that would change the way we lived and worked. But it was all just science fiction right? Take a look around, technology has advanced rapidly and continues to advance as new developments in artificial intelligence are made every day. We have devices that enable us to communicate with anyone around the world, look up important information in just seconds and even talk to us, read us stories and suggest a good restaurant for our next date night. Artificial intelligence and modern technology are here to make our lives easier, or are they?

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Sure, the idea of artificial intelligence is interesting and the abilities of new autonomous devices are beyond what we could have expected. The US has a restaurant run entirely by robots using some of the latest artificial intelligence technology. That sounds like something any tourist or sci-fi fan would like to see, but how does that affect the economy and the workforce?

If artificial intelligence is being designed to make our lives easier by taking over those difficult or mundane jobs, how are we supposed to make a living? Artificial intelligence can be used in a variety of robotic applications from manufacturing and agriculture, to retail, even pizza making. Without our careers, we couldn’t purchase the products robots are selling.

Let’s take another look at this. We already use artificial intelligence in our daily lives to make studying, research and entertainment easier and more convenient. What can artificial intelligence do for the handicapped? We could use robotics to not only aid the physically challenged in their homes, but to help them walk, move about and become part of the world around them. This is what artificial intelligence can do for us and what it is being developed to do very soon. AI can also be used to run personal health scans instantly, reducing the need for regular doctor visits.

So, how will artificial intelligence change our world? By completing the tasks that are too dangerous for mankind and making it possible for people to get more done while their robotic counterparts perform the manual labor they wouldn’t normally have time for, we could see an employment shortage oddly partnered with a higher quality of living. What are your thoughts on the topic? Leave a comment below and let us know what you think about AI and how it will change our world.

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How A Strong US Dollar Will Impact UK Businesses?

A strong US dollar can mean a lot of different things for the world’s economies. What impact could it have on UK businesses? If you are a business owner in the UK, should you be concerned about the rise in value of the US dollar? Or should you dismiss it as something that occurs often in currency values? Whether the impact is good or bad, the US dollar is on the rise and UK business owners could begin feeling the effects soon.

Strong US Dollar

From tourism to goods and services, every UK business can expect to see some sort of impact. In fact, the tourism trade will receive the most noticeable effect of a rising US dollar as more vacationers from the US will visit the UK. This could also mean that businesses in and around tourist destinations will see more business as vacationers tend to spend more money of impulse items when travelling. What does this mean for the hospitality industry? Hotel and restaurant owners will also see an increase in sales as the tourism industry picks up.

What about the businesses selling their products abroad? Will they see any impact from a rising US dollar? With consumer spending in the US on the rise, if your UK business sells products in the US, you will be sure to see an increase in sales and profits even though the £ may be dropping slightly. So far, a US dollar that is rising in value doesn’t look so bad. There is another side to this though.

As the US dollar strengthens, exports from the US will increase in price for foreign firms, and trading could be affected for companies dealing in more than one currency. This could mean that UK businesses would have to be more careful with their currency conversion timing and ensure that they closely follow the trends in the currency markets to get the most value out of their own currency.

UK companies with operations in the US also need to be sure that their assets and liabilities are valued in the same currency as much as possible. This is to ensure that any strengthening or weakening in either of the currencies do not affect their ability to finance their operations or business growth.

There are many things that UK businesses can do to protect themselves from a rising US dollar. By following the currency markets closely and remaining focused, many UK business owners will remain successful until the pound regains its growth.

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