Genetically Edited Humans And Electronic Persons

You may be forgiven for thinking you're about to embark on a lesson in human evolution as our editors have this week chosen subject areas with futuristic, though realistic, themes of human gene-editing technology and electronic persons, aka robots.

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We start with Steven Hatzakis’ recommended read of the week...

Billionaire Sean Parker Funds First Gene-Editing Technology

36-year old Internet Entreprenuer Sean Parker, whose net worth is estimated to be nearly $2.5 billion, is funding the first

proposed test of CRISPR gene-editing technology in human beings, according to an article in the MIT Technology Review this week.

What caught my eye about this news is specifically the approach to innovation via problem solving, by using a charitable foundation structure that contributes funding for research, yet retains any resultant patents for future use.

MIT Technology Review referenced Parker saying in a Dateline NBC interview that aired last month: “What if we had a system where all the [intellectual property] could be shared among the scientists?”

The article explained how Mr. Parker compared the tactic of retaining rights with one of his other investments in Spotify which had convinced record labels to license their music in order for Spotify’s music-sharing service to be legal.

This made me think whether such an approach could be taken in the future across financial technology as novel methods of are used to create Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term eco-systems while retaining rights over any resulting intellectual property and/or patents.

We stay on the subject of technology and move onto Rosemary Barnes' favourite story this week...

Should Robots Be Classified As Electronic Persons?

An article I came across this week was one which discussed a new proposal from the European Parliament calling for working

robots to be classified as "electronic persons," and for their owners to pay social security on their behalf.

According to the article, the rise in automation and artificial intelligence has raised concerns in Europe and elsewhere over economic effects, including unemployment, inequality, and social security systems.

The proposal is seeking to address those concerns with a legal framework that would consider "that at least the most sophisticated autonomous robots could be established as having the status of electronic persons with specific rights and Obligations Obligations In finance, an obligation is a financial responsibility where the terms of a contract must be met. Should an obligation between parties fail then the party who is at default may face legal action. In this scenario, the guilty party will not only have to agree to pay the set amount to fulfill the contractual arrangement but may also be responsible for covering all legal proceedings cost. Routine payments or outstanding debt of any kind are considered financial obligations, so if someone owes you In finance, an obligation is a financial responsibility where the terms of a contract must be met. Should an obligation between parties fail then the party who is at default may face legal action. In this scenario, the guilty party will not only have to agree to pay the set amount to fulfill the contractual arrangement but may also be responsible for covering all legal proceedings cost. Routine payments or outstanding debt of any kind are considered financial obligations, so if someone owes you Read this Term."

It also calls for companies to declare the money they saved in social security by replacing human workers with robots, and for the creation of a European robotics agency to provide "technical, ethical and regulatory expertise."

Supporters of the motion say Europe needs a coherent framework to support and regulate robotics if it wants to keep pace with the rest of the world.

Mady Delvaux, an MP from Luxembourg and the motion's rapporteur, said: "The US, China, Korea and Japan have very ambitious projects. If we do not create the legal framework for the development of robotics, our market will be invaded by robots from outside."

Food for thought - I wonder where that leaves us humans?!

That concludes another week of stories that our editors are reading. We hope you found their reading suggestions useful.

We’d love to hear from you so feel free to share your views in the comment section and any recommendations of your own.

Check out our previous posts here:

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Eyeing Up This Year's Biggest Tech IPO And The Search For Quantum Questions

Financial Efficiencies And Inefficiencies

The Bank Robber And The Psychologist

Fly Me To The Moon….And Bremain In The EU

Brexit: Ice-Cream Magic Or An Artistic Defeat

Virtual Reality and the Dark Side of Shaming

Insider Trading and the Dude Driving Istanbul Mad

On Valley Life and Opening Up AI