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AI to replace over 50% of ALL jobs in the next 10 years

AI will be 'larger than all of the human tech revolutions added together'

By Anthony Garreffa on Apr 28, 2017 02:32 am CDT - 1 min, 47 secs reading time

Most tech companies are pumping engineers, man hours, and technology and man hours into Deep Learning and AI technology - but will it eventually result in tens of millions of job losses across the world? Yes, yes it will - according to Kai-Fu Lee, the founder of venture capital firm Sinovation Ventures. Lee is also a leading voice on technology in China.

AI to replace over 50% of ALL jobs in the next 10 years | TweakTown.com

Lee recently spoke with CNBC, where he said that AI is the "singular thing that will be larger than all of human tech revolutions added together, including electricity, [the] industrial revolution, internet, mobile internet - because AI is pervasive". Amazingly scary words, but also very exciting. Lee added that "It is the decision engine that will replace people". It was only recently that I reported that AI engineers had left the grip of Google, moving into the most secretive AI startup on the planet - probably Skynet, I guess.

Lee said that his firm has invested millions of dollars into AI companies that are capable of recognizing 3 million faces simultaneously, or pumping out loans in less than 8 seconds. He added: "These are things that are superhuman, and we think this will be in every industry, will probably replace 50 percent of human jobs, create a huge amount of wealth for mankind and wipe out poverty".

He expects this massive change to roll through in the next 10 years, but creating a "huge amount of wealth for mankind", I can see - but at what cost? Also, wiping out poverty sounds good on paper - but how will AI help that exactly, when there's rampant corruption in the countries where poverty levels are the highest - AI would need to overcome a lot of obstacles that the smartest people in the world can't figure out because of societal problems, not just mathematical equations.

Anthony Garreffa

ABOUT THE AUTHOR - Anthony Garreffa

Anthony is a long time PC enthusiast with a passion of hate for games to be built around consoles. With FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with high-end, custom-built PCs. His addiction to GPU technology is unwavering, and with next-gen NVIDIA GPUs about to launch alongside 4K 144Hz HDR G-Sync gaming monitors and BFGDs (65-inch 4K 120Hz HDR G-Sync TVs) there has never been a time to be more excited about technology.

NEWS SOURCE:cnbc.com

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