Rapid Advances in Artificial Intelligence and Job Losses
March 4th, 2014Via: Financial Times:
The impact of IT and automation on the world of work – and dire warnings about the job destruction they might cause – are as old as the technology itself. But the convergence of a number of tech trends has made the threat more immediate.
As a result, 47 per cent of jobs in the US are now at risk from computerisation, according to a prediction last year from Carl Benedikt Frey and Michael Osborne from Oxford university. McKinsey, the management consultancy, has estimated that by 2025, productivity gains in fields of “knowledge work”, ranging from clerical to professional services, could account for 40 per cent of all the current jobs in those areas.
