Yesterday evening Intelligence 2 held a debate in London with, among others, Walter Isaacson (biographer of Steve Jobs) and Andrew Keen (author of "the Internet is not the Answer" and columnist of CNN) on the hollowing out of the economy in the light of technological advances and how this is affecting the middle classes. Moore's law states that computer capacity doubles every 18 months. Jeff Bezos of Amazon and Travis Kalanick of Uber are investing billions of dollars in drones and driverless cars to replace expensive humans, just in the same way that Instagram replaced the need for Kodak workers in Rochester, New York State. Nicholas Carr, author of the "Glass Cage - Where is automation taking us", predicts that teachers, lawyers and doctors may fall victim to software algorithms now taking on knowledge work. There is some light at the end of the tunnel: big data cannot replace human insight and intuition, at least not yet. So lawyers may still be around, in decreasing numbers, for some time.
Artificial Intelligence (AI) is a topic that has long been thrilled our imaginations as media and economist alike have explored the hypothetical concept. But tonight, speakers on both sides of the debate will argue that the Artificial Intelligence Revolution is no longer the stuff of Science Fiction, but an increasingly present reality; that WILL have an effect on the way we work. In one corner we’ll hear from, Andrew Keen and George Magnus who will echo the likes of Bill Gates as they warn that Artificial Intelligence will bring about the eradication of many jobs as we know them. As has typically been the case, less skilled workers are predicted to be the first affected by automation. But it’s not just ‘blue collar’ roles that will be endangered by the AI revolution.