"If anything, AI - including agentic AI and robotic automation - is more likely to change the nature of what humans do than take jobs away, he said. Robots can do menial work such as typical administrative tasks, allowing humans to be more productive, Huang said. "We're five million nurses short.... AI is increasing their productivity.... [And when], hospitals do better, they hire more nurses.""
"Robots have the capacity to work non-stop, without tiring, yielding productivity gains that will increase the average output of economies, said tech entrepreneur Elon Musk. "My prediction is...we'll make so many robots and AI that they will saturate all human needs," the Tesla CEO said during a WEF discussion. He described how robots might be able to help care for elderly parents, which can be an expensive undertaking for humans, saying the robots can take the place of younger people."
""You can now fuse your industrial capability, your manufacturing capability with artificial intelligence and that brings you into the world of physical AI or robotics," said Jensen Huang, CEO of Nvidia, during a fireside chat at WEF."
Physical AI refers to AI manifesting in physical form such as robots and real-world systems like AI cameras and industrial sensors. Fusion of industrial and manufacturing capability with artificial intelligence enables widespread robotics and physical AI. AI and robotic automation are more likely to change the nature of human work than to eliminate jobs, with robots handling menial administrative tasks and increasing human productivity. A global nursing shortage of roughly five million exists; AI can raise nurse productivity and enable hospitals to hire more staff as care improves. Robots operating 24/7 can raise economic output and also assist with elderly care and hazardous tasks while humans remain involved.
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