AI expert Kai-Fu Lee, China’s most famous venture capitalist and former Microsoft and Google executive, says 50% of all existing jobs will be replaced by AI and Robots in 10 years. He also mentions China has an edge over US in the field of AI for many reasons.
Artificial Intelligence and Robots will replace Receptionists, Customer Service, Factory Workers, Middlemen, Financial Traders, Insurance Agents, Research Analysts, Loan Officers, Bankers, Asset Managers, Radiologists, Doctors, Drivers, Legal Assistants, Lawyers, Reports, Journalists. Those accounts for half of the entire work force. AI expert Kai-Fu Lee is Betting Everything on Artificial Intelligence(AI) which is Disrupting Every Industry in a unprecedented speed.
“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.”
“It is the decision engine that will replace people,”
“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,”
“Touching one’s heart with your heart is something that machines, I believe, will never be good at,”
“Because AI is about taking data into insight and decision, so I anticipate [the] internet sector, entrepreneurial sector, to continue to grow and in many cases displace and even wipe out traditional companies in China,”
