Artificial Intelligence

ELON Coin

Elon Musk

Technological change through <a href="https://www.coingabbar.com/en/crypto-blogs-details/blaze-a-trail-in-trading-industry-with-ai-and-bots" title="AI" class="f-link" style="font-size: 16px; background-color: rgb(255, 255, 255);" rel="noopener noreferrer nofollow">AI</a> has made many discussions regarding its effects on the global workforce. Two very influential persons Kai&nbsp;Fu Lee and Elon Musk have given their views about the future of AI and how it can impact human employment and society. If AI is to take away a significant amount of employment, then society has to deal with unemployment and its consequences. This may entail redesigning the education, employment training, and welfare systems for people who are likely to be displaced by AI. 
<h3 style="text-align: justify;" id="span-span-data-font-font-size-style-font-size-16px-kaifu-lee-s-predictions-on-ai-span-span">Kai&nbsp;Fu Lee’s Predictions on AI</h3>
Kai Fu Lee is a computer scientist who has been in the industry for many years and is also a venture capitalist who has been arguing for the use of AI for many years.&nbsp;
In 2017, Lee said that AI would displace over 50% of the global human workforce by 2027. Nonetheless, he has been very vocal on the issue though many people have criticized him for being too aggressive. In an interview with Fortune, Lee stood by his forecast saying, “It’s quite accurate. I got too aggressive in 2017, 2018, and 2019 and frankly speaking, I was somewhat nervous at that time but when gen AI came out, everyone seemed to get on the bandwagon and believe that is the right speed.”
Lee’s argument is based on the assumption that the majority of the jobs include monotonous tasks that Artificial Intelligence can best do. He named such jobs as truck driving, telemarketing, dish-washing, fruit picking, and assembly line jobs as samples of jobs that AI could replace. He considers AI as being an infrastructural technology in the same way that electricity and the internet are.
<h4 style="text-align: justify;">Elon Musk's Opinions On Dangers of AI</h4>
Another major player who has given his thoughts on AI is Elon Musk, the CEO of Tesla Motors and SpaceX. Musk has often expressed his concern over the threat posed by AI and has said that it may even outcompete humans in almost all spheres. In the recent past, Musk declared that “AI will be better than humans at everything.” This bold assertion captures Musk’s view that AI is capable of taking over every job.
Currently, the use of AI is widespread and is actively used in many industries, with its development constantly growing. Many companies such as IBM, LinkedIn, and Google have laid off thousands of employees due to AI. Over 50,000 employees have been let go of their jobs in 2024 alone which depicts a future trend as AI technology grows.
Musk’s worry does not end with losing jobs. He has also pointed out the threats of bleeding control over AI advancement, stressing the importance of its proper regulation and ethical approach. Recently, Musk revealed his thoughts on the dangers of <a href="https://www.coingabbar.com/en/crypto-currency-news/political-biasness-is-trouble-making-in-ai-elon-musk" title="politically correct AI" class="f-link" rel="noopener noreferrer nofollow">politically correct AI</a> rather than being true. As much as he agrees that AI would benefit society, he insists that people must oversee the process to ensure that the development of AI is in harmony with people’s vision and standards.
<h4 style="text-align: justify;">What CoinGabbar Concluded?</h4>
As per the fact-finding, both Kai Fu Lee and Elon Musk share their opinion regarding the importance of AI though having a somewhat different attitude towards it. Lee’s concern is the fact that AI is likely to replace many human jobs given the efficiency and the existing economic systems. Musk on the other side focuses on the risks that are bound to occur in the future with politically correct AI rather than being true and how there is a need to ensure that these risks are well managed to avoid negative impacts.
There are many opportunities and threats that AI brings into the future. There is thus a need to approach this shift wisely to ensure that policymakers, business managers, and society. In general, understand and appreciate how technology is opening up new horizons while at the same time presenting a threat to the human labor force.
Also Read: <a href="https://www.coingabbar.com/en/crypto-currency-news/vcs-tuning-with-suno-ai-music" title="Suno AI Music Platform Attracts $125 M Investment" class="f-link" rel="noopener noreferrer nofollow">Suno AI Music Platform Attracts $125 M Investment</a>

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