5 big misconceptions about AI creating mass unemployment

5 big misconceptions about AI creating mass unemployment

Artificial intelligence will inevitably replace jobs en masse, but that’s not necessarily a bad thing, argues Calum Chace, author of Surviving AI and co-host of the London Futurist podcast.

Speaking on a panel at the Beneficial Artificial General Intelligence (AGI) Summit in Panama — attended by Cointelegraph reporters — Chace presented five major misconceptions about AI’s impact on the future of work.

The first misconception is a long-held belief that machines taking over everyone’s jobs could “never happen,” stated Chace.Chace believes AI advancements would have the same sweeping effect as factories and cars that eventually replaced “muscle jobs” in the past […]

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