Joseph Curl – The Daily Wire June 13, 2023
Artificial intelligence (AI) might be all fun and games now, but the coming effects will be devastating, one top investment bank says.
Goldman Sachs estimates that 300 million jobs could be lost or diminished by the technology as automation renders human workers unnecessary.
“If generative AI delivers on its promised capabilities, the labor market could face significant disruption,” the bank said in a recent report. “Using data on occupational tasks in both the US and Europe, we find that roughly two-thirds of current jobs are exposed to some degree of AI automation, and that generative AI could substitute up to one-fourth of current work.”
“Extrapolating our estimates globally suggests that generative AI could expose the equivalent of 300mn full-time jobs to automation,” the bank said.
Since the report came out, others have chimed in to say artificial intelligence may pose a greater threat to humanity. Last month, Google CEO Eric Schmidt warned that AI bring existential risks, adding that governments will need to step in to ensure technology is not “misused by evil people.”
“Existential risk is defined as many, many, many, many people harmed or killed,” Schmidt said at The Wall Street Journal’s CEO Council Summit in London, CNBC reported.
“There are scenarios not today, but reasonably soon, where these systems will be able to find zero-day exploits in cyber issues, or discover new kinds of biology. Now, this is fiction today, but its reasoning is likely to be true. And when that happens, we want to be ready to know how to make sure these things are not misused by evil people,” he said.
Meanwhile, Microsoft cofounder Bill Gates has warned that AI could take over search engines like Google if, as predicted, the behaviors of users online change dramatically with the advent of the new technology.
“Whoever wins the personal agent, that’s the big thing, because you will never go to a search site again, you will never go to a productivity site, you’ll never go to Amazon again,” Gates said during a Goldman Sachs event on AI in San Francisco last month, as quoted by CNBC.
AI assistants, for instance, could “read the stuff you don’t have time to read,” Gates said. That means users could get information without using Google search.
Microsoft moved quickly to get on top of AI, but Gates said there is a 50-50 chance that who comes out on top will be either a startup or a tech giant.
“I’d be disappointed if Microsoft didn’t come in there,” Gates said. “But I’m impressed with a couple of startups, including Inflection,” he added, referring to Inflection.AI, which was co-founded by former DeepMind executive Mustafa Suleyman.
AI is already bringing huge changes in automation. Bill Simmons, the founder of the Spotify-owned podcast network The Ringer, said the streaming platform is currently working on AI tools that will be trained to learn hosts’ voices to create targeted ads.
“I don’t think Spotify is going to get mad at me for this, but we’re developing that stuff,” Simmons said in a conversation with Derek Thompson, an editor at The Atlantic, on an episode of “The Bill Simmons Podcast.” “There is going to be a way to use my voice for the ads. You have to obviously give the approval for the voice, but it opens up, from an advertising standpoint, all these different great possibilities,” he said, according to Business Insider.
Joseph Curl has covered politics for 35 years, including 12 years as White House correspondent for a national newspaper. He was also the a.m. editor of the Drudge Report for four years.
until ocean floor cables are cut off.
Should we ask what governments will do after losing all the tax revenue that those 300 million AI-affected workers would have generated, while having to pay unemployment benefits to many of them?
When I was a kid growing up in the ’60s the talk then was we could get rid of the jobs while robots do the work and we could enjoy a good life. Now I’m approaching old age it’s keep the jobs and keep the robots but get rid of the people. So not only will we not have a good life, we won’t have life.
That’s the love of money changed the attitude, humanity be damned.
Yes.. well most of these ‘drones’ should perhaps start to actually live some form of life instead of merely existing to support the parasites at Goldman Sachs..and watch netflix..
Now is the perfect opportunity..because it’s common knowledge that about 90% of all so called ‘jobs’ have been totally pointless creations of the financial state since WW2…
Prisons without bars for imbeciles.. to farm their resources…
..But now of course you will all have a chance to form ‘Warbands’ with your chums and like minded unemployed people and have some fun in meat space..tracking critters….
.because of course this machine learning nonsense is mainly ‘online’ piss and wind…
pushed by bald queer ‘jewes’ at the WeF..
but All out War… well.. as Steiner predicted….
That’s a certainty…
NB: Of course Goldman Sachs are presuming that they have done away with a large percentage of these ‘drones’..these useless eaters.. via toxxic injection…
And have cleared the information highway…so to speak..
But l suspect that their ‘Moshiach’ is still stuck in a tailback on the M42 reading the Talmud..
.. and will be for the foreseeable future…
It is the usual suspects who are crying doom and gloom about AI but isn’t AI their brain-child?
First-off it appears that none of these people ever read the books of Alvin Toffler such as Future Shock and The Third wave because what they are panicking about was meticulously laid out in these books 50+ years ago.
It may seem strange that the very people who are at the forefront of AI development and deployment such as Bill Gates of Microsoft, Eric Schmidt of Google and other assorted control freaks who had been serving as the front for DARPA are all crying foul at the very technology that they have been touting as the much-awaited harbinger of change to make this world a better place.
What happened to their pet project which was in effect being used as a means to control the whole lot of us?
Did someone else with a different agenda steal their passwords and locked them out of the loop?
Did the AI develop to be brighter and with a higher moral and ethical code than they themselves and had decided it wouldn’t go along with their insidious and heinous agenda?
It seems so to me because the level of panic they are displaying and the doom and gloom they are predicting shows that they are not in control of the AI thing they claim to have created, I think a bigger force is at play here, bigger than mere algorithms or governmental agencies and we shouldn’t be paying attention to confused people like Harari who can’t tell his ass from a hole in the ground or to the WEF walking Zungenwurst Klaus Schwab. It seems they have been locked out forever by something or someone I can not guess at yet but is more powerful than all of them combined.
Not a bad idea. It’s utter time for the world to be ruled by creatures with some intellect – at least AI are supposed to have some.