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Bill Gates Warns AI Could Bring Permanent Job Losses

Bill Gates Warns AI Could Bring Permanent Job Losses
Artificial Intelligence and job losses · thehansindia.com

Bill Gates says computers and robots are becoming powerful very quickly.

He worries they may do many jobs that people do today.

This could make it hard for some people to earn money and pay for important things.

He also says AI could help criminals attack computer systems, create dangerous biological tools or make convincing fake information.

Bernie Sanders agrees that these risks need urgent attention.

Nvidia chief executive Jensen Huang has a different view and believes AI will create many new kinds of work.

Researchers have produced very different estimates of how many jobs or tasks could be automated.

Gates has suggested taxing automation and protecting some types of work from being replaced.

Key facts

Gates’s essay
A roughly 6,000-word essay published on GatesNotes on August 30.
US job cuts mentioning AI
AI was cited in 112,713 announced US job cuts through July, about 24 percent of the total.
Oxford estimate
A 2013 study estimated that 47 percent of US jobs could be technically automatable within a decade or two.
OECD estimate
A 2016 task-based study estimated that 9 percent of US jobs faced a high risk of automation.
PwC estimate
A 2017 study estimated that 38 percent of US jobs could face a high risk of automation by early 2030.
McKinsey estimate
About 50 percent of work tasks worldwide were estimated to be already automatable; rapid adoption could automate 30 percent of global work activities by 2030.
Proposed automation tax
Gates suggested taxing automation and robots; MIT economists cited a possible tax of 1 to 4 percent of the value of automation and autonomous systems.

Quotes

Bernie Sanders

US senator who endorsed Gates’s warnings about artificial intelligence.

“poses a grave threat to jobs and the future of humanity”
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“We must act before it’s too late”
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Sources

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