>>> HERE IS SOMETHING THAT SOUNDS UNNERVING. A NEW STUDY IS PREDICTING THAT NEARLY HALF OF ALL MOBILE JOBS COULD BE IMPACTED BY ARTIFICIAL INTELLIGENCE. THIS COMES FROM THE INTERNATIONAL MONETARY FUND. I SPOKE WITH OUR TECHNOLOGY EXPERT, SCOTT BUDMAN ABOUT THIS. PEOPLE FEAR THAT JOBS WILL BE LOST BECAUSE OF AI. >> EVERY HEADLINE HAS BREAD FEARS FROM THE ROBOTS WILL TAKE OVER OR MAYBE TAKE OUR JOBS. AI HAS ACTUALLY BEEN HELPFUL TO INDUSTRIES AND I THINK IT WILL ACTUALLY CREATE JOBS. THE FEAR IS THAT IT WILL MAKE THINGS MORE EFFICIENT AND SOME THINGS WILL BE LOST. WE COULD SAY THAT A PRETTY MUCH EVERY TECHNOLOGY SINCE THE PRINTING PRESS BUT THE OTHER THING THAT WE HAVE SAID ABOUT EVER EVERY TECHNOLOGY IS THAT IT HAS CREATED NEW JOBS AND OPPORTUNITIES. SO FAR WHAT WE HAVE SEEN FROM AI ARE NEW JOBS IN INDUSTRIES THAT PREVIOUSLY HAD NOTHING TO DO WITH AI AND NEW OPPORTUNITIES. >> BUT THIS HAS SOMETHING TO DO WITH OUR AREAS. LIKE IN SILICON VALLEY. WHAT ARE YOUR THOUGHTS ON THAT? >> THAT IS TRUE BUT ONLY PARTLY TRUE. AI WILL MAKE A LOT OF THINGS, DATA THINGS, ESPECIALLY, MORE EFFICIENT. IF YOU ARE IN FIELDS OF COMPILING DATA AND WRITING REPORTS ABOUT THAT, AI CAN DO THAT A LOT FASTER AND THAT IS BENEFICIAL FOR COMPANIES. IN SALIVA -- THE ONE VALLEY WE HAVE SEEN A RENAISSANCE OF CHIP COMPANIES. WE HAVE SEEN HARDWARE AND SOFTWARE CREATED. THESE ARE CREATED JOBS. SOME WILL BE LOST BECAUSE OF DEFICIENCIES BUT OTHERS WILL BE CREATED BECAUSE OPPORTUNITIES WILL BE CREATED BECAUSE OF AI ITSELF. WE HAVE NOT SEEN THE ROBOTS TAKE OVER AND WE HAVE NOT SEEN MANY JOBS LOST. INSTEAD ENTIRE INDUSTRIES CREATED AND START UPS HAVE BEEN LAUNCHED. ESPECIALLY IN AREAS LIKE CHIP. WE HAVE SEEN NEW OPPORTUNITIES AND THEY HAVE HIRED BECAUSE OF THOSE OPPORTUNITIES. ALSO COMPANIES LIKE NIKE ARE SOFT, GOOGLE, SALESFORCE, THEY ALL SAY THEY NEED TO GET INTO AI SO THEY HAVE REACHED MORE DIVISIONS. SO FAR WE HAVE SEEN GROWTH BECAUSE OF AI. >> SO, AI IS NOT GOING AWAY. IT IS PICKING UP STEAM IF ANYTHING. >> RIGHT. WE LOOK AT THE INTERNET AND ROBOTICS THAT WERE EXPECTED TO WIPE OUT HUMAN JOBS HAVE ACTUALLY STUCK AROUND AND CREATED JOBS, WEALTH, AND OPPORTUNITY. WE DON'T REALLY KNOW WHAT AI WILL END UP BEING BIT SO FAR
