Bill Gates Warns That AI Will Cause "Many Jobs to Disappear Forever." Is He Right?
Gates' note touches on a core fear that many have about the technology.
Overview
This week, Bill Gates published a note that laid out his thoughts on navigating the "turbulent AI era," and part of it touched upon a fear that strikes close to home for many people. The note was filled with references to the job losses that AI could cause, and he said that he believes AI will cause "many jobs to disappear forever." He believes that entry-level and mid-level jobs are the most at risk.
However, Gates' opinions aren't universally agreed upon in the tech industry. Nvidia CEO Jensen Huang believes AI will kill tasks instead of jobs, and believes that the fears about what the tech could do to the nation's employment picture are overblown.
Details
Stock investors have to pay attention to this trend. As AI evolves, tech companies with exposure to it should benefit. However, too many jobs being eliminated could send the unemployment rate soaring, reduce consumer spending, and trigger a recession.
Source
Originally published at www.fool.com.