AI’s effect on employment will be similar to the effect of spreadsheets on the finance industry. AI can get a bad rap. The idea that artificial intelligence can automate work naturally raises the question, “Well, what happens to the people who were doing that work?” While that is a valid question, most of this generation of artificial intelligence—the kind I focus on investing in—could actually improve jobs and even can increase employment.
Most AI today is mental automation, the speeding up of mundane tasks of thought. Given the fact that most thought work is now done with computers, thought work […]
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