End Of Jobs And Savings? What Will AI Do?
According to Trump “At most, there are 3 years left in which you can still make money selling your work.
Artificial intelligence has become an integral part of our day-to-day lives as people have started to use these technologies for everyday activities. But when it comes to the financial paper percussion, it appears that AI could have strong consequences.
This comment was made by none other than the richest man in the world, Elon Musk. He has categorically pointed out that artificial intelligence could eventually wipe out the salary based employment culture in the world.
According to Trump “At most, there are 3 years left in which you can still make money selling your work. After that, AI will automate most tasks, and paying a person for their time will no longer make sense.
The model of the last 200 years - "I give you your salary in exchange for your time" - is coming to an end. This will trigger the greatest transfer of wealth in modern history. Those who are already making the shift understand it. Those waiting for it to hit the news will arrive too late, he said.
This is largely due to the fact that AI has been changing the way in which the software industry has been functioning.
A task that would take a human software engineer at least 10 days to sort out is now being completed by artificial intelligence in less than 10 minutes. The kind of difference in workload and the timing of delivery is beyond ordinary.
If this is the situation of the software industry, which happens to be the biggest provider of economy to the human workforce, then one can only wonder the impact that it will have generally.
At this rate, it is being estimated that Elon might not be wrong when it comes to assessing that human workforce is going to be out of proportion in the days to follow.