Venture capitalist: AI will displace 40 percent of world's jobs in as soon as 15 years

Kai-Fu Lee, a pioneer in artificial intelligence and venture capitalist based in China, tells "60 Minutes" it won't just be blue collar jobs that are displaced by AI. See the full report here: cbsn.ws/2FpBKEz
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[@KungFuChess]

YANG 2020

[@tronderiksen6275]

How about 60 minutes have Andrew Yang on their show to educate them on how to solve the problem? #yang2020 #yanggang

[@MICHGO1]

HUMANS HAVEN'T OVERCOME THE INVENTION OF THE SMARTPHONE YET.

[@NikoKun]

We're now seeing AI that can write code pretty darn well, after being given a simple description of an app/site in plain English. And sure that'll eventually replace programmer jobs, but just a little further down the line, it's not just jobs that could be threatened, whole companies that produce brand-named softwares, could become entirely obsolete, when bosses/CEOs, or even the average consumer, can just ask an AI for an equivalent software, on the fly. Same goes for a lot of things too, not just software..

[@xsuploader]

and now we have alphacode that is human level. Alphacode 2 in 1 to 2 years will be superhuman or at least on par with top humans

[@tomkat4480]

I'm gonna open up a AI repair man business

[@maxmulsanne7054]

So easy a caveman can do it.

[@user-563o45]

Max Mulsanne underrated comment lmao

[@jjppee]

Not if it can repair itself lol

[@TheGameTrainzHD]

The completely automated McDonalds in Texas 👀

[@jesusramones1]

When you having Andrew Yang on?

[@robomop9711]

I dream of a future where automation frees humans from menial labor, where automation creates abundance for all, and where everyone is free to pursue work that is truly fulfilling and devote our lives to what we're really passionate about. #yang2020

[@JackJackJack123]

Sure. It will free people of jobs like that. It’ll also leave them in abject poverty. Nice little world you guys are creating. You’ll “free” people of jobs you personally wouldn’t want but they need to feed their children. The levels of violence that we’ll witness by tens of millions who have nothing to live for as a result of AI will be unprecedented in modern times. We’re $31T in debt, are set to permanently displace millions of workers, and have imported the entire population of Houston every year by way of an open border. Great job, guys. That’ll sure work out. It’s an exceptionally brilliant idea given the fact that Social Security is set to be bankrupt by 2030. Just a stellar job by those in charge. Those who supported this will look at their children the same way that the Iranian students from ‘79 look at theirs, knowing that through naivety they destroyed their futures. It’s amazing to me how so many can be so arrogant and incompetent at the same time.

[@BrianSapp945]

SURE, so will you SURVIVE?

[@vjhreeves]

Keep dreaming 😂

[@DanGR023]

Keep dreaming boy. Surely you've never even worked in your life.

[@sc230mb]

Good, the world can do with 40% less. Let’s start with AI CEOs.

[@DennisNedryisStillAlive]

Glad to see 60 minutes interviewing Kai Fu Lee. His prescience regarding the threat of AI needs to be heard everywhere.

[@DrunkardTV]

Displaced from Chef to Robot Hunter.

[@tomkat4480]

I can't wait for Total Recall Johny Cabs

[@MarlandX]

The United States better get behind Presidential candidate Andrew Yang's proposal to gill ALL U$ citizens $1,000 per month.

[@vjhreeves]

😂😂😂😂😂

[@Hernanlue]

So will people pay taxes and all that if there is no jobs to make money

[@hopedance777]

This also ties in with what musk was saying about how he is more wary of AI than about nukes. That’s pretty huge...

[@jtalexandre]

He says clearly displaceable and not displaced. The title is misleading.

[@rogerrabbit3534]

Sure there is a little click bait, but the title isn't a matter of semantics. The big picture is that AI will displace workers across the board, first white collar and then blue collar jobs. Think about how close autonomous driving is, and what it'll be like in a decade.

[@jtalexandre]

@@rogerrabbit3534 Agree.

[@mpc55555]

"Displaceable" means the bosses will find the ways to displace these workers.

[@jtalexandre]

@@mpc55555 No. It means employees can be displaced. Can be and not will be for sure.

[@rogerrabbit3534]

@Andres Leon Jobs that are computational and quantitative will likely be replaced first such as accountants, loan officers, etc. Jobs requiring hand to eye coordination like a plumber, electrician, etc. will be harder to automate in the implementation of AI. Drivers could be replaced quickly, but the white collar jobs will be decimated.

[@pedrocavalcante5822]

This documentary was made in 2019. The following year came the covid-19 pandemic.

[@Padoinky]

He is so spot on... it starts with drips and drabs of job functions ... initially, in the 1st generation, it will be nothing too serious, say something like 10% of your job, 5% of my job are automated via robotic processes and AI... this will happen UTR, so to speak, therefore, b/c there is, in most current situations, always something else that we can now take on with that freed-up 5-10% of our daily work capacity, this “cool” new technology will be welcomed and with that, demand for the next iteration and generation will spike, both from workers and owners of capital..... at some point-in-time, the balance between workers having too much to do and then having not enough to do, will flip... this is the turning point wherein we face our strange new world....whether that point-in-time is 10,20 or 30 years down the road, it is coming and will impact every aspect of the globe - people, some species of animals (think food production, pets, extinct species brought back to existence, etc), plants, trees, you name it... IMHO of course

[@isaacb4955]

J PR drips and drabs in sectors of the job force that do not have a voice. Like when the grocery store fresh and easy came in with the self check outs. That store eliminated entry level cashier positions. No one really rises up when it comes to the entry level “college kid” jobs but look now...basically all the grocery and big box stores have the self check outs. All customer phone calls go directly to AI. All photo labs are all digitized All secretaries are becoming Virtual assistants What will all us stupid and unmotivated floundering youth do??? Smoke legal weed, procreate, and have babies to crumble Americas society even further and mush more rapidly... Well just look at the stats on “off grid” living maybe we will all congregate in “Slab City”???

[@dongnguyen4726]

Maybe the “work” structure “ need to be change. We need to look at Sweden and other countries that Subsidize it’s citizens. when all commodities of the people are fulfilled people can choose to work in whatever sectors that’s still available or spend time with their family.if the government chooses to take jobs away without subsidies, they better think twice, three times... we the people going to eat their flesh

[@rehanAllahwala1]

I am unable to see your website based videos, Please upload on youtube so the whole world can watch them.

[@NOLAMarathon2010]

Technology -- whether hard or soft -- always reduces jobs. It's never been otherwise. But what it also does is free up resources which will be deployed to support other human needs. The probability is much greater that the onset of AI will be a net *creator* of jobs. Some job categories might disappear, just like the automobile put buggy whip makers out of business. But other, newer job categories will show explosive growth.

[@lyds6382]

Tom Nally Yes, but as he noted, this is faster and far more wide ranging than previous automation. Hopefully we will eventually adjust, but it will not be in time for those who are displaced. That’s why we need UBI as soon as possible, and Andrew Yang‘s plan makes the most sense! yang2020.com

[@vjhreeves]

​@@lyds6382LOL!!!! You cannot be serious. UBI is the worst idea ever.

[@lyds6382]

@@vjhreeves OK this is super old, but whatever. It really doesn’t matter whether people think it is a good idea…it is inevitable because eventually most humans will not have any skills the workforce needs anymore. The predictions of technologists could certainly be wrong about how quickly it will happen, but it will definitely happen.

[@animeshbhatt3383]

Let's take an example here. Chat bots are already used in the industry, how many jobs have been displaced so far? Customer base and demands have increased exponentially and hence we have AI to cater to the growing demand.

[@nealwilliams3255]

We will be living off social credit.

[@caseyhodgin7287]

Get Andrew Yang on 60 Minutes!!!! #YangOn60

[@unname4246]

Wow

[@vallikenhaven5843]

Self learning AI will mere expose itself and creating its own induction/deduction. This would eliminate all religiosity, and emotional attachments. Humans are emotional cognitive beings, we perceive by means of emotional cognitive aptitude. Just as mathematics/quantization principles isolate obtainable variables; and discard the unobtainable variables creating an ersatz structure, it will recognize this spurious domain as idiocy and disregard the nonsensical. They will never let this happen!

[@vadaann1279]

We can always eat the rich, I suppose.

[@sc230mb]

Krokus!

[@isaacb4955]

Vada Ann fuuukin halarious and simple even a bit innocent in the way you chose your wording.

[@adhigunamahendra2802]

Four years ago I laughed at this guy. Not anymore.

[@KyleHUNK]

If the govt mandates AI ownership be shared, then AI will do 40% of our work for us while we earn the same income, something to think about.

[@whatiff4616]

good

[@Zayden.]

They said the same thing 15 years ago.

[@NishaThomp93]

Yang 2020

[@SineDeus]

:)))) AI will have no chance if a Solar Storm hits

[@isaacb4955]

Agafitei Alexandru hhhhha cause we wouldn’t survive in order to make more

[@6996katmom]

How are people supposed to live, then?

[@unknownx7252]

The economy will have to transition to a UBI( Universal Basic Income) and eventually to a resource base economy.

[@vjhreeves]

​@@unknownx7252you need to stop pushing this utterly ridiculous idea.

[@adamromero]

​@@vjhreeves Lol nice argument...

[@JOOOOOOOE]

If there is less human manpower working on repetitive tasks that would usher an era of specialists. That in turn would even further human progress even faster, especially technologically.

[@isaacb4955]

But look at all the ghost towns that for example had coal stuff like that. Those towns had mass exudes then other towns/states had floods of people moving to Los Angeles California chasing the dream. That creates a supply and demand for jobs issue. The job market only has so many of the stupid people or dead ender worker positions. Soooo many people are going through this now and are flooding the economy with self employed 1099 people. Theres another problem in itself. Afflak self employment insurance companies and identity theft protection companies is a sure bet!

[@lyds6382]

That’s great, except that all cognitively or physically repetitive jobs will be automated. What, then, can “normal“ people do? There are many people who are not able to be specialists and those people far outnumber those who can. It is not acceptable to abandon an entire segment of the population when we can do something about it. We need UBI soon, and Andrew Yang‘s plan is the best one I have heard so far!

[@dragonlaughing]

Our standards increase. We have cleaner, better, clothes and nicer houses. Basically automation continues and more people have access to more consumer goods.

[@pixelmartyr8532]

I really don't believe that AI is going to have the impact that many think. To me this sounds more like the anticipated Y2k which came and went and you would never even know. AI is mostly a ploy to sell fear in the form of books, videos, training, air time, etc. Machine learning is a component of AI and it has another name "statistical analysis". Which is the ability to predict based on patterns of previous developments. However this technology does not compensate for the black swan event. No one and nothing can predict black swans.

[@lyds6382]

Pixel Martyr to me, your comment sounds like the guy who thought that the Internet would be no more significant to the world than the fax machine. You can already see this AI happening, think about how much grocery stores have changed just in the past year, much less five years. Think about how many stores have closed because of Amazon. That may not seem like automation but of course it is… You’re ordering online, and your order is primarily filled by robots in their warehouses. Tesla is going to have 1,000,000 driverless taxis on the roads by next year, according to Elon Musk. There are specific claims that may seem silly, but this broader claim is very easy to see happening.

[@Valentine350z]

This is nothing new. Just like he said - steam engine, sawing machines, electricity, etc, all displaced a part of the working population. This has happened a number of times in the past and will continue happening in the future. New jobs are always created (ones that we can't even imagine right now) and people will move on. Those who cannot adapt will be left behind. This is the way of the nature. This is how we, as a species, got to where we are today.

[@lyds6382]

James Dillinger he mentions the problem with this way of thinking though… this is a scope and scale far beyond anything that has ever happened before. We have moved past automating human labor and are now automating mental human work as well, and very few jobs will be untouched. It’s possible that we will eventually create enough new jobs, but it will not be fast enough to avoid mass rioting and misery. The industrial revolution came with a heck of a lot of that and it was nothing to the level of job displacement this can cause.

[@xsuploader]

@@lyds6382 even if new jobs are created why cant the ai just do the new jobs aswell? What job could only a human ever do? I cant imagine that many.

[@lyds6382]

@@xsuploader I agree with that. It would be able to do a lot of new jobs too. Not necessarily all because people are better at certain skills, like caretaking and therapy at certain levels, creativity and innovation, but yeah, still not enough work for most people. I was just trying to point out to the OP that even if they could guarantee new jobs, it wouldn’t be enough.

[@CyberThug1080i]

It will be like that if we choose it to be that way. 40% job lost. No one wants that, these companies try to make it seem like it's All or Nothing. But I believe we as consumers have the final say so.

[@Dr_Salt]

How will you beat a machine that can work 24/7, doesn't need weekends off or vacation time and doesn't charge a monthly wage?

[@Seastallion]

@@Dr_Salt At the same time, what do the companies do when hardly anyone can afford to buy their products? No jobs, no money, no purchases. Robots won't be buying things.

[@newspeed8000]

@@Seastallion we will have a Universal Basic Income!

[@Seastallion]

@@newspeed8000 I'm not intrinsically opposed to a UBI scenario, but serious questions need answering prior to attempting it. How does such a thing get implemented without giving government the means of production and distribution? How do we avoid people becoming dependent upon the government for basic survival? Does anyone really trust the government to be a purely benevolent entity? It is filled with constant corruption right now. I think that decentralization is the obvious solution, every community and individual being as autonomous as possible. Industrialized 3D printing can help with that. I don't think that every solution would necessarily work for everyone. Each situation needs to be customized to fit the unique needs required by it. The best solution for 'power' (whatever the form) has always been to spread it out. The US itself is a case study of this, between the separation of powers in government, to the varied layers of government with different spheres of responsibility. The system isn't perfect, but the fact that it has been able to function even with the massive corruption within it is a testament to its durability. Durability was one of the primary goals of the Founders in setting up the USA. Just to point it out, the various alphabet-soup government agencies are largely a symptom of the aforementioned corruption (such as Congress abdicating its responsibilities), not an intrinsic part of the government that the Founders built. In short, just saying "UBI is the answer!" is a bit of a copout without giving serious consideration of how to implement it without suffering from unintended consequences. To borrow the old cliche, it is easier said than done. When trying to solve major world problems, that just isn't enough. I like the UBI and its more evolved RBE cousin, but their implementation will require careful consideration and planning as a hedge against unintended consequences.

[@newspeed8000]

​@@Seastallion just the matter of adaptation, like you said, forefathers didn't put into consideration much about corruption and stuff, but what they did manage is to built flexible enough system, that can change as per the needs of the people in it, and UBI can provide such systems(far better) for the future!

[@solohoh]

The hammer and sickle on the Chinese flag will become an anachronism. They will come up with a good replacement for that nice red background.

[@GoogleIsAPieceOfShit2023]

I won’t go to an automated restaurant!!!!!

[@TheSwexican]

Yeah take that skynet!!

[@elenaarman-tang7811]

What will happen to human interaction?!?

[@newspeed8000]

nice question, thats the biggest problem, as labour-based utility and social drives get obsolete, it could become very difficult to live!

[@isaacb4955]

Elena Arman-Tang it’s happening right now as we become a race of keyboard warriors! Didn’t most people meet their future mate at work? Well, now its uber weird if you actually meet in real life first! 😉

[@morm2173]

He was right

[@TJ-bx5px]

Wroong. AI wil take over knowledge based job's first... not driving.

[@randomman5188]

It will take everything including driving

[@ga20904]

McDonald's unveiled an automated store.

[@isaacb4955]

Go to cheapRVliving DONE U dont need a job and we all barter our stuff and live off the land. Take society back man! Many scifi movies have depicted this.

[@accessgranted83]

Tweaker AI sold here! LOL

[@mndnmne]

In 15 years I highly doubt it,as smart as he is he's a venture capitalists and he's betting on ai for his income.

[@randomman5188]

A lot has happened these last 7 months, has your opinion changed in this little amount of time?

[@AliKhan-fs3rm]

Time to move to mars. Robots are coming!!

[@noestreet760]

This guy seems alarmist. I seriously doubt the lawyers will let self driving cars all over the road in force. I may be wrong though.

[@bryancable7764]

Far less accidents and automotive deaths/insurance claims if all of the cars on the road are talking to each other. Also, no traffic.

[@lyds6382]

Elon Musk has announced that Tesla will have about 1 million driverless taxis on the road by next year. The more cars are automated, the safer and more efficient the roads get.

[@lyds6382]

@Casy Mint how so? Elon is crazy, but he’s not wrong about the inevitability of driverless vehicles.

[@lyds6382]

@Casy Mint yes, I understand that. 😉 My comment was regarding what he announced, and that is what he said. Rarely are projections that specific going to be dead-on and anyone making them will be quick to tell you the same. There are more and more driverless taxis every year though, and that won’t change. They are close to 1 million driverless cars, they just aren’t all taxis, and more and more large cities are approving driverless taxi services. The time frames are always vague but the inevitability exists nonetheless.

[@ReligionWhistleBlower]

I know it is so hard for you to understand, but information drop on us like music, science, discoveries and everything else. Just as the man is saying. "Humans GIVE INFORMATION to COMPUTERS", the same way the Almighty Creator drop on us information. Computer is NOT Able to THINK, so as humans who were created by our owner, the Almighty Creator. When the Almighty dropped on us the knowledge of building computers was because He wanted to show us the awesome mathematical miracles in His Arabic Quran so far with 1500 pages of scientific reports base on mathematics the exact science, plus 2.5 million websites and thousands of KZbin channels. Yet governments and media have been trying so hard to hide these awesome news of millennium. If it does go the same way as it has been going on ever since 45 years ago, the same computer and binary code is going to destroy everything that we "Think we have accomplished" and our respite will be ended and we wouldn't be able to enjoy the binary numbers anymore.