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Friday, January 11th, 2019

Venture Capitalist: AI Will Displace 40 Percent of World’s Jobs In As Soon As 15 Years.

Author:    
Source:     CBS 60 Minutes
Publication Date:     9 January 2019
 Link: Venture Capitalist: AI Will Displace 40 Percent of World’s Jobs In As Soon As 15 Years.
Stephan:   If Kai Fu Lee is correct, and he is certainly as expert as anyone I know of, once again the timeline of a trend has collapsed, and the effects are going to be far more dramatic and substantial than most anticipate. Now add climate change. Do you think our civilization is about to go through a looking glass of transformation?

Dr. Kai-Fu Lee
Credit: Steve Jennings/Getty/TechCrunch

In as soon as 15 years, 40 percent of the world’s jobs could be done by machines, according to one of the world’s foremost experts on artificial intelligence. Kai Fu Lee, a pioneer in AI and venture capitalist based in China makes this prediction in a Scott Pelley report about AI on the next edition of 60 Minutes, Sunday, Jan. 13 at 7 p.m., ET/PT on CBS.

“AI will increasingly replace repetitive jobs, not just for blue-collar work, but a lot of white-collar work,” says Lee. “Chauffeurs, truck drivers, anyone who does driving for a living– their jobs will be disrupted more in the 15-25 year time frame,” he tells Pelley. “Many jobs that seem a little bit complex, chef, waiter, a lot of things will become automated … stores … restaurants, and altogether in 15 years, that’s going to displace about 40 percent of the jobs in the world.” When pressed by Pelley about 40 percent of jobs being displaced, Lee says the jobs will be, “displaceable.”

“I […]

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1 Comment

  1. Ken on Monday, January 14, 2019 at 8:57 am

    If AI replaces 40% of jobs In the near future what do you think is the future of capitalism in the US? That many people unable to find jobs will create a greater case for Socialism in America.