Different Perspective on AI

It’ll create more jobs not eliminate jobs.

https://medium.com/the-wtf-economy/do-more-what-amazon-teaches-us-about-ai-and-the-jobless-future-8051b19a66af

Ain’t these jobs temporary and would be eliminated once Amazon figures out how to automate it cost efficiently?

The loss in jobs due to Amazon rise is more than the gain in jobs in Amazon, right?

I don’t think so. Banks have more employees now than they did before ATM machines. It freed up employees do sell products with higher margins. JPM recently said that despite AI automating some areas, they will be growing headcount. Mediocre companies will use AI to lower costs. Great companies will use AI to increase their share of wallet with customers.

Business 101, IT as a competitive weapon since day 1 of IT. Some businesses didn’t know that’s all.

Commentary speech by Lee Kai Fu