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The opinion of a venture capitalist: the AI will replace 40% of the world’s workers for 15 years

11.01.2019 - AI
The opinion of a venture capitalist: the AI will replace 40% of the world’s workers for 15 years

According to one of the leading experts in the field of artificial intelligence, after 15 years, 40% of the work in the world will be performed by the machines. Kai-Fu Lee, a pioneer in the field of artificial intelligence and Chinese venture capitalist, known for his work as a “Superpower AI”, which we discussed in November, “believes that AI will change the world more than anything else in the history of mankind. More than electricity”.

How artificial intelligence will change the world

“AI will increasingly replace repetitive jobs not only for those who work with their hands, but for office workers. Drivers, the truck drivers, their work will change over 15-25 years. Many jobs that seem more difficult, like the chef, the waiter, many will be automated… shops… restaurants… all this together will result in 40% of the jobs given to AI”.

One of the biggest changes will occur in education. If Finance companies that install artificial intelligence systems in remote classrooms throughout China to improve training for students, located far from the growing cities of the country. AI system is being developed to assess the interest and student understanding of the subject.

Can this kind of artificial intelligence to identify geniuses of the world? “It’s possible in the future,” Lee says. “It can also create a profile of the student before he came to a halt, the teacher could highlight areas where the student needs help.”

These students face an uncertain future if 40% of jobs in the world will be under the possibility of replacing the employee. “What will it do to society itself? Well, in a sense, human wisdom always overcomes the technological revolution,” says Lee. “The invention of the steam engine, sewing machines, electricity — it all changed jobs. We dealt with it. The problem with AI is that these 40%, be it 15 or 25 years, are changing faster than during previous revolutions.”

In China, for example, 70% of the 1.4 billion Chinese people use smartphones to easily pay for food, rent bikes and pay the bills. The use of the phone creates a data stream for technology companies of China. An endless supply of information is the rocket fuel for AI in China. “China definitely has the advantage,” says Lee about the potential of AI.

But USA still have a technological lead that will support the competitiveness with the Chinese, at least in the near future. “The most outstanding researchers continue to live in America, so I think that in the next five years, the fight will be equal.”

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