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You dont need to be a financial adviser to hear the daily drumbeat of financial analysts talking about artificial intelligence and its long-term impact on finance, health and transportation, among other industries. Technology has come a long way from the days of playing video Pong, Asteroids and Pac-Man at the local cinemas before the movie started.

Fast-forward to today. We are on the forefront of self-driving cars and quantum computing speeds. Based on Moores law, a theory of ongoing exponential growth in microprocessing, its probably just a short matter of time before we see the first flying cars rising above the dreadful summer traffic on Interstate 95 in New Haven.

The endless possibilities and concerns about future technologies are staggering. Some suggest that through AIs enhanced productivity we will get to a point that humans will be free from working monotonous jobs. In return, we may find ourselves receiving stipends from the work that our robot counterparts are performing. Others fear that our robotic workforce will work their way up the corporate ladder and push us out to pasture long before were ready to leave.

No one really knows what the future holds, but one country has an interesting perspective on artificial intelligence and how it will be harnessed to serve its citizens.

Japan has set clear, countrywide technology goal and has named the initiative Society 5.0. With a rapidly aging population combined with declining population growth, Japan aspires to become a super aging, super smart society with the help of expanding technology. As a world leader in robotics, it wishes to augment its workforce in ways to create a better life for its citizens.

If you wish to peer into the future, take a look at a new prototype city that has just broken ground in Japan. Based on Society 5.0 goals, the city is called Woven City and is located at the base of Mount Fuji. A Toyota initiative, Woven City is billing itself as a living laboratory and a city of the future. The goal of Woven City is to have residents live, work and play with an overriding premise of the city being human centered, ever evolving, and a living laboratory of creation. An urban project on steroids.

Residents will get to enjoy being early adapters to the latest gadgets and technology as they are developed. Phase One looks to have autonomous vehicles, robot assistants, clean energy and fully integrated smart home software and hardware for living a better life.

Fingers crossed that these initiatives ultimately hit their mark and create a society that is happier and healthier while still motivated to excel and grow as human beings. Time will tell but I am excited about the possibilities.

Eric Tashlein is a Certified Financial Planner professional, founder and financial advisor at Connecticut Capital Management Group, LLC, 2 Schooner Lane, Suite 1-12, in Milford. He can be reached at 203-877-1520 or through http://www.connecticutcapital.com. This is for informational purposes only and should not be construed as personalized investment advice or legal/tax advice. Please consult your advisor/attorney/tax advisor. Investment Advisor Representative, Connecticut Capital Management Group, LLC, a Registered Investment Advisor. Connecticut Capital Management Group, LLC and Connecticut Benefits Group, LLC are not affiliated.

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Connecticut Money: Artificial intelligence and the AI revolution - New Haven Register