Money Magazine

Beware the AI magic show

PHIL SLADE MIND GAMES

In 1770, at a lavish party in a Viennese parlour, the inventor Wolfgang von Kempelen unveiled his latest invention with a flair that Steve Jobs would have been proud of. To the wonderment of the audience, he revealed a large wooden box with a chessboard on top that he described as the world's first chess-playing robot. He then opened the front of the box to reveal all manner of cogs, pulleys and intricate machinery – it was very impressive. In particular whenautomatically. The robot understood all the rules and could recognise when its opponent made a mistake or an illegal move. Von Kempelen called his chess robot the Mechanical Turk.

You’re reading a preview, subscribe to read more.

More from Money Magazine

Money Magazine1 min read
Shares
▶ MORE SHARES STORIES ON P78-85 Shareholders are increasingly objecting to what they regard as company executives’ inflated pay packets. Strikes against executive salaries among the 300 largest companies listed on the Australian SecuritiesExchange (A
Money Magazine1 min read
AVOID Transurban (TCL)
Transurban's ex-boss, Scott Charlton, left a big legacy. During his 11-year term, the toll road operator's debt pile grew from $6.5 billion to more than $24 billion, yet a series of dilutive capital raisings to pay for overpriced acquisitions meant t
Money Magazine4 min read
When To Wind Up Your SMSF
Although there are many advantages in setting up a self-managed super fund (SMSF), circumstances change and what may have been a sound decision years ago may no longer apply today. There are a whole host of reasons why people decide to wind up their

Related Books & Audiobooks