Homepage / Technology / AI will obliterate half of all jobs, starting with white collar, says ex-Google China president
Due Diligence Blog Digital Data Rooms for the Netherlands Board Room Apps Secure Board Management With Secure Board Portals What Happens at Board of Directors Meetings? Board Room Software Review How to Prepare Board Rooms for Effective Board Meetings Board Room Software Boosts Performance and Communication Selecting a Secure Data Room Review Local Data Room Service Review How to Find the Best Virtual Data Room Review What to Look for in a Data Room uk Provider Document Storage and Distribution Software Everything About VDRs Corporate Software Advantages How to Choose a Virtual Data Room Provider The Most Secure Way to Transfer Files How to Manage Online Board Meetings Benefits Virtual Data Room Solutions – Must-Haves for M&A and Due Diligence Best Data Room Functions for the Different Types of Industries How to Choose a VDR Software Provider How to Choose an Online Board Portal The Benefits of a Boardroom Review Board Room Online Solutions – How to Get the Most Out of Your Board Meetings Why You Need a Board Room How a Board Room Blog Can Transform Your Business Choosing the Best Board Room Format How to Have Productive and Engaging Board Directors Meetings Choosing the Right Virtual Data Room How to Keep Safe Documents Storage Teaching Kids About Online Safety Avoid Costly Mistakes With Free Data Room Services Corporate Virtual Data Secure Online Data Rooms Solutions How to Keep Share, Edit and Delete Your Data Safe Virtual Data Room Software Secrets for M&A Due Diligence What to Look For in Boardroom Providers Board of Directors Blog Posts How to Deliver Value at Your Board Meetings How to Have Effective Board Meetings Responsibilities of Board Members Deal Management – How to Effectively Manage a Complex Sales Pipeline Data Rooms For Mergers And Acquisitions How to Have a Successful Board Room Meeting Choosing a Board Room Service Provider What is a Board Room Service? Board Room Software Review – Choosing the Best Portal for Mother Board Meetings Why a Board Room Providers Review Is Important What Is a Board Room Review? Venture Software for VC Firms What Is an Assessment Report? The Importance of a Tech Audit Popular Business Applications What to Look For in a Data Room App What Are Business Applications? How to Choose a Virtual Data Room How to Plan a Data Room Review Coronavirus Guide What is a Virtual Data Room? What Is Data Science? What Is an Operating System? Turbotax Small Business Review How Online VDRs Are Used in M&A Deals Why Choose VDR Software? The Power of Business Software The Benefits of a Software Board Online Data Room Review The Importance of Tech Knowledge Improving Accuracy of Financial Data Online Business Records – How to Keep Your Online Business Records Accurate and Secure What is a Board Portal De? DealRoom Review – A Review of VDR Software M&A Due Diligence for Private Companies The Virtual Data Room Review Why Companies Use a Data Room Review to Facilitate M&A Transactions The Best File Sharing Services How Online VDRs Are Used in M&A Deals Best Virtual Data Room How to Choose a Best Board Room Provider Choosing a Data Room for Due Diligence What Is a Data Room Business Software? Best Data Room Providers Review Data Room Providers Review Mostbet Tr Resmî Web Sitesinde Giriş Ve Kayıt Olm Kumar Oynamak Için En Iyi Yerdir The Benefits of Cloud Data Services for Enterprises Online Data Room and SSL How to Build a Diverse Board of Directors Best Virtual Data Review A Data Room Service Review How Runn Makes Project Data Accessible, Accurate and Shareable Five Pillars of Information Protection The Importance of Online Business Reports Benefits of Colocation Services Virtual Data Rooms Guide Choosing a Business Virtual Data Room Choosing the Right VDR Service Review How to Conduct a Virtual Data Room Review Glory Online Casino Türkiye En Iyi Oyunları Ve Bahisleri Olan Kumarhane Mostbet Casino On-line Em Pt 2024 ️ Bónus As Well As Revisão

Technology

AI will obliterate half of all jobs, starting with white collar, says ex-Google China president

The upcoming worldwide workforce reckoning that artificial intelligence is expected to bring will happen much sooner than many experts predict, the former president of Google China told CNBC on Monday.

Kai-Fu Lee, now chairman and CEO of Sinovation Ventures, believes that about half of all jobs will disappear over the next decade and be replaced with AI and the next generation of robots in the fastest period of disruption in history.

“AI, at the same time, will be a replacement for blue collar and white collar jobs,” said Lee, a renowned Chinese technologist and investor who held positions at Apple and Microsoft in addition to Alphabet‘s Google. But white collar jobs will go first, he warned.

“The white collar jobs are easier to take because they’re pure a quantitative analytical process. Reporters, traders, telemarketing, telesales, customer service, [and] analysts, there can all be replaced by a software,” he explained on “Squawk Box.” “To do blue collar, some of work requires hand-eye coordination, things that machines are not yet good enough to do.”

Lee knocked down an argument that the jobs lost will create new ones to service and program AI and robots. “Robots are clearly replacing people jobs. They’re working 24 by 7. They are more efficient. They need some programming. But one programer can program 10,000 robots.”

Besides taking jobs beyond factory floors, robots and AI are already starting to takeover some of the mundane tasks around people’s homes. Lee pointed to the Amazon Echo as an example.

“The robots don’t have to be anthropomorphized. They can just be an appliance,” he said. “The car that has autonomous driving is not going to have a humanoid person [driving]. It’s just going to be without a steering wheel.”

Lee said that while economic growth “will go dramatically up because AI can do so many things so much more faster” than humans, it’ll force everyone to rethink the practical and social impact of fewer jobs. “If a lot of people will find happiness without working, that would be a happy outcome.”

But in a Washington Post op-ed last month, Lee argued against universal basic income, the idea of governments providing a steady stipend to help each citizen make ends meet regardless of need, employment status, or skill level. UBI is being bandied about as a possible solution to an economy that won’t have nearly enough jobs for working-age adults.

“The optimists naively assume that UBI will be a catalyst for people to reinvent themselves professionally,” he wrote. It may work among Silicon Valley and other highly motivated entrepreneurs, he added, “but this most surely will not happen for the masses of displaced workers with obsolete skills, living in regions where job loss is exacerbated by traditional economic downturn.”

Lee sees a different plan of action. “Instead of just redistributing cash and hoping for the best … we need to retrain and adapt so that everyone can find a suitable profession.”

Some of the solutions he offered in his commentary include developing more jobs that require social skills such as social workers, therapists, teachers, and life coaches as well as encouraging people to volunteer and considering paying them.

Lee wrote, “We need to redefine the idea of work ethic for the new workforce paradigm. The importance of a job should not be solely dependent on its economic value but should also be measured by what it adds to society.”

“We should also reassess our notion that longer work hours are the best way to achieve success,” he concluded.

Source: Tech CNBC
AI will obliterate half of all jobs, starting with white collar, says ex-Google China president

Comments are closed.