28/12/16 - Artificial intelligence could cost millions of jobs. The White House says we need more of it.

https://www.washingtonpost.com/news/innovations/wp/2016/12/20/ai-could-cost-millions-of-jobs-the-white-house-says-we-need-more-of-it/?utm_term=.c69cad0469d7

The growing popularity of artificial intelligence technology will likely lead to millions of lost jobs, especially among less-educated workers.But that same technology is also essential to improving the country’s productivity growth, a key measure of how efficiently the economy produces goods. That could ultimately lead to higher average wages and fewer work hours.
“If these estimates of threatened jobs translate into job displacement, millions of Americans will have their livelihoods significantly altered and potentially face considerable economic challenges in the short- and medium-term,” the White House report states.

O There was more than $300 million in venture capital invested in AI startups in 2014, a 300% increase over the year before
O By 2020, 85% of customer interactions will be managed without a human. 
O 32% of executives say voice recognition is the most-widely used AI technology in their business. 


I personally think that AI is a very controversial subject. on one hand - it can be very benedicial when used right. If there can be a balance than doesn't harm people /workers then it can work out. As long as we don't become completely reliant and displace people it could help the economy and the wellbeing of others.