Menzies Research Centre’s Freya Leach discusses Dutch car navigation firm TomTom embracing artificial intelligence and cutting 300 jobs, around 10 per cent of its workforce.
“It does raise the question, is this the beginning of mass unemployment in white-collar jobs?” she said.
“Mass unemployment will lead to mass poverty, less demand in the economy, and overall shrinking.”
Ms Leach’s remarks come as Magellan co-founder Hamish Douglass has given a grim warning on AI, saying half the index could possibly “virtually collapse by 50, 60 or 70 per cent in share price in the next five to 10 years because businesses are so disrupted”.
“It does raise the question, is this the beginning of mass unemployment in white-collar jobs?” she said.
“Mass unemployment will lead to mass poverty, less demand in the economy, and overall shrinking.”
Ms Leach’s remarks come as Magellan co-founder Hamish Douglass has given a grim warning on AI, saying half the index could possibly “virtually collapse by 50, 60 or 70 per cent in share price in the next five to 10 years because businesses are so disrupted”.
- Category
- Artificial Intelligence
- Tags
- 6375128340112, fb, msn
Post your comment
Up Next
Autoplay
-
02:15
Google cuts jobs in shift to AI
-
10:47
AI company's CEO issues warning about mass unemployment
-
27:53
AI & Mass Unemployment Explained in HINDI {Future Friday}
-
00:56
CNN Executive Announces Mass Layoffs, "Future-Proof" Strategy to Save Company
-
00:40
Will AI Take Human Jobs? #artificialintelligence #ai #automation #robots #unemployment #technology
-
41:21
AI and the future of humanity | Yuval Noah Harari at the Frontiers Forum
-
13:10
Can AI really save the World? ft. Bill Gates
-
Asking Sophia, Hanson Robotic’s human-like AI robot, to show her range of emotions.
-
01:00
Man WRONGFULLY Arrested Using AI #shorts
-
00:20
Robot Attacks Factory Worker! #shorts
Comments