Innovation Files has moved! For ITIF's quick takes, quips, and commentary on the latest in tech policy, go to itif.org

Robots

Artificial Intelligence and Robotics Poised to Destroy All Jobs but One

In the last few years a growing number of techno-futurists, like venture capitalist Vinod Khosla, former software executive Vivek Wadhwa, MIT professor Erik Brynjolfsson, and author Martin Ford have all asserted that advancing technologies like machine learning and robotics will destroy jobs. Khosla for example, recently stated that “machine learning will replace most jobs.” But they and others clearly “don’t get it” and are doing a real disservice to the public by sugarcoating the future.

Never mind that we have been automating work for hundreds of years and employment has kept expanding. This time, everything is different. In fact, these new technologies are so awesome and amazing that they won’t replace most jobs; they will replace all jobs, save one. That job will be held by Zhang Wei, who is now a 15-year-old boy studying computer science at his local high school in Nanjing, China. He will invent the best artificial intelligence system ever and then run the company that puts all other companies out of business. His technology (an AI robot more powerful than Asimov’s Daneel) will be so good that it will do

Read the rest