Some experts expect that the U.S. will lose 10 percent of its jobs to artificial intelligence (AI), while others anticipate losses of 50 percent or more. In fact, job loss estimates will continue to run the gamut, depending on who’s making the prediction and what model they opt to use.
Economists, for example, look at job tasks eliminated by automation, reports Quartz at Work. Or, they consider the impact of AI on an entire occupation. Conversely, technologists and investors look at the AI effect by reimagining an industry from the ground up. Case in point: startup companies aren’t calculating the displacement of work that human workers currently do. Instead, they are using algorithms to create workflow processes that don’t require humans to begin with.
Lenders, supermarkets, and news apps are already using AI to gain market share and challenge competitors. To keep up, existing companies will for pressured to implement automation and reduce workers. But, as AI-skilled technologists and consultants help start new businesses and reimagine old businesses, different types of jobs will emerge.
Fast food? Security? Radiology? Which industry do you think will be the next to reimagine its business model without humans?