About 50% Of Jobs Will Be Displaced By AI Within 3 Years

The Beijing startup founded by technology pioneer Kai-Fu Lee is introducing its first artificial-intelligence application for consumers, a step aimed at helping China capitalize on the promising technology.

Lee’s firm, 01.AI, is launching a free productivity assistant called Wanzhi, the latest in a series of AI products it’s developing. Similar to Microsoft Corp.’s Office 365 Copilot, it helps users create spreadsheets, documents and slide presentations more quickly—though it’s mainly tailored for the Chinese market. It can interpret financial reports, take minutes for meetings and speed-read books as long as Elon Musk’s 600,000-word biography to give a quick synopsis. The app works in Chinese and English.

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[camsmith]

"AI can fake compassion" oh, so no different from some humans.

[Patriots]

The first job replaced will be all Youtubers who make videos about AI replacing 50% of all jobs.

[mra]

All this tech needs to run on enormous amounts of energy and a stable grid. The infrastructure is falling apart, and no one seems to factor this in their future predictions.

[jaseman]

When you come back to this video in 3 years to leave a comment saying that this prediction was wrong... nobody will be paying any attention.

[podell]

So when we have no jobs and money, who will buy the product? Pay for the AI?

[WinterRavn]

🎯 Key Takeaways for quick navigation:

00:00 *🧠 AI and Understanding Human Cognition*
- Discussion on AI's potential to surpass human capabilities,
- Contrast between AI's computational power and human brain functions,
- Exploration of AI's limitations in emulating human emotions like empathy and compassion.
03:09 *💼 Startups and AI in China*
- Introduction to Kai-Fu Lee's startup 01.a and its billion-dollar valuation,
- Challenges and motivations for building an AI startup in China,
- The approach towards making AI technology accessible and open-source.
05:53 *🔧 Infrastructure and GPU Utilization in AI Development*
- Importance of a robust infrastructure team in AI startups,
- Challenges with GPU reliability and utilization,
- Strategy for efficient use of resources to compete with larger companies.
11:33 *📚 Predictions and Comparisons: US vs. China in AI*
- Recap of predictions from Kai-Fu Lee's books regarding US and China AI capabilities,
- Current state of AI development and execution in the US and China,
- Analysis of potential divergent paths and implications for global AI markets.
14:42 *🌐 Future of Big Tech Companies in AI*
- Evaluation of major tech companies like Microsoft, Google, and OpenAI,
- Predictions for which companies will dominate the AI landscape in the next 5-10 years,
- Potential for rapid valuation growth in AI-driven companies.
18:52 *📈 AI’s Impact on Wealth Creation and Job Displacement*
- AI’s unprecedented potential for wealth creation compared to past technological advances,
- Concerns about increased disparities between large corporations and smaller entities,
- The challenge of job displacement and the necessity for accessible AI solutions.
22:00 *🎓 Preparing for an AI-Dominated Future*
- Timelines for significant job displacement due to AI,
- Recommendations for governmental and educational responses to AI advancements,
- Preparing future generations to work alongside AI and the importance of innovative thinking.
23:35 *📚 Embracing AI in Education and Work*
- Encourage the use of AI tools like ChatGPT in educational settings,
- AI should be seen as a tool for enhancing productivity, not as a means for cheating,
- Emphasize the importance of final output over the process, similar to using software like Word or Photoshop.
24:42 *❤️ The Unique Value of Human Traits*
- Highlight the irreplaceable human qualities like empathy, compassion, and emotional connection,
- Success in business relies heavily on trust, authenticity, and emotional intelligence (EQ),
- AI can mimic human traits, but genuine human connections and trust-building are irreplaceable.

Made with HARPA AI

[xitzyfe]

As per their title, video creator may lose his job in next 3 years

[waynr]

The most absurd assertion here is that students getting "AI" to generate text instead of thinking critically and writing it themselves is somehow comparable to spell check rather than cheating. The entire point of being a student is to learn how to think critically and how to express that thinking in ways other people can understand. That's the entire point of writing assignments. If using generative AI isn't cheating then what's the point of a writing assignment?

[hrsbg]

The amount of hype just within the first 30 seconds is unbelievable.

[TuitionNearMe]

His response on his journey from being a researcher then turning VC is so real. Researchers wont be able to understand P&L, some finding it distasteful.

[wisper]

At my work I’m now expected to only use AI to compose emails which is ridiculous to not be allowed to think for ourselves. 🤦🏻‍♀️

[Damn-Age]

In book AI 2041, Kai-Fu outlined a number of creative, not necessarily workable solutions, that was intended to get people thinking, so get a copy of the book - the innocent smile that he puts on his face while concluding the statement, priceless! He is very critical and rational thinker, I am sure he will figure out ways in achieving while undertaking a behemoth of a task!

[Echophone]

People are not watching the video and yet commenting.

'Not a fan on China and no particular interest in Kai-fu Lee. But he's VERY plain spoken and direct about what's going on between China and US. And he has a very clear and accurate view on what's going on between all the Big Tech. Kinda refreshing honestly.

[Sir_Ray_LegStrong_Bongabong]

displace especially the middle management who think they can help decide but they are not even have any better ideas

[AnnaMO-kbir]

Why would anyone want to live in a world where most peoples jobs they spend years going to school for get wiped out? We’re headed for a societal meltdown.

[NorthStarPNW]

Kai-Fu Lee is a seasoned veteran of the tech and AI worlds. He gives an expert and even-handed analysis of the state of play and near-future of the changes ahead. This is extremely valuable insight for those who are paying attention.

[onetruekeeper]

So what happens to the displaced workers ? Homelessness and starvation or universal basic income ?

[sandponics]

Fools and their money are soon parted. Pretty soon the AI companies will have all of the money and you will have none. Give me all of your secrets and all of your money, I promise not to misuse it. Learn how to grow your own food, as a peasant you will need those skills.

[realspacemusicvideos]

My job as a translator was already replaced by AI more than a year ago. I took my severance pay and bought $MSFT to serve as my personal UBI...

[cherribraden]

That's why we need universal basic income because you going have no job