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Technologist: AI Robots Will Replace Half Of Jobs In Next Decade
Robots are likely to replace 50 percent of all jobs in the next decade, according to Kai-Fu Lee, founder of venture capital firm Sinovation Ventures and a top voice on tech in China.
Artificial intelligence (AI) is the wave of the future, the influential technologist told CNBC, calling it the "singular thing that will be larger than all of human tech revolutions added together, including electricity, [the] industrial revolution, internet, mobile internet — because AI is pervasive."
"It is the decision engine that will replace people," Lee said, adding that AI capabilities far exceed those of humanity.
For example, he said, companies in which his firm has invested can accomplish feats such as recognizing 3 million faces at the same time, or dispersing loans in eight seconds.
"These are things that are superhuman, and we think this will be in every industry, will probably replace 50 percent of human jobs, create a huge amount of wealth for mankind and wipe out poverty," Lee said, later adding that he expected that displacement to occur in the next 10 years.