Will AI Destroy Jobs?

Will AI hurt jobs? Automation, job creation, job loss, Google, Eric Schmidt, Garry Kasparov, Deep Blue are all discussed in this AI Minute. For more on Artificial Intelligence: https://voicesinai.com https://gigaom.com https://byronreese.com https://amzn.to/2UB6WZE Transcript: The single most contentious issue about artificial intelligence is its effect on employment and jobs. There are three very distinct camps, one of which says that we are coming to a period where we will have widespread unemployment - something akin to the great depression where there are a group of workers who do not have skills necessary to add economic value in an era of automation in artificial intelligence. A second school of thought pushes that argument even further, and it says that everything people do can be done by a machine - everything, and that the minute you reach a point where a machine can learn a new skill faster than a human, that's an escape velocity at critical mass where all jobs will be done by machines. The final school of thought rejects both of those entirely, appeals to history and says that in the past when new technologies came out even disruptive ones, humans were able to use those technologies to add more value, and that's why even with the advent of electricity, mechanical power replacing animal power and so forth, unemployment didn't spike in places where those technologies were adopted. Eric Smith, the executive chairman of Alphabet and former CEO of Google, seems to come in on that last viewpoint. In Paris he cited a study by McKenzie that suggested that 90% of all jobs are not fully automatable and therefore people will work long term side by side with machines which are increasing their productivity and therefore increasing their wages. Gary Kasparov, who was famously defeated by DeepBlue, argues that the best chess players in the future and he would say I think even today are not machines and not people but people who are using machines to make the best possible move. http://bit.ly/2V0D9c6 gigaom April 15, 2019 at 03:48PM