"Yampolskiy, a University of Louisville computer science professor who coined the term "AI safety," said artificial general intelligence - systems as capable as humans across domains - is likely to arrive by 2027. Just three years later, he predicts, the labor market could collapse. "In five years, we're looking at levels of unemployment we've never seen before," Yampolskiy said in a Thursday episode of the "Diary of a CEO" podcast. "Not talking about 10%, which is scary, but 99%.""
"He argued that AI tools and humanoid robots could make hiring humans uneconomical in nearly every sector. "If I can just get, you know, a $20 subscription or a free model to do what an employee does. First, anything on a computer will be automated. And next, I think humanoid robots are maybe 5 years behind. So in five years, all the physical labor can also be automated.""
Artificial general intelligence is likely to arrive by 2027. A rapid wave of automation could cause the labor market to collapse within a few years of AGI arrival. Unemployment levels could reach unprecedented heights, potentially up to 99 percent within five years. AI tools and humanoid robots could make hiring humans uneconomical across most sectors. Computer-based jobs will be automated first, followed by physical labor as humanoid robots mature. Roles including analysts, accountants, teachers, podcasters, plumbers, drivers, coders, and prompt engineers could be replaced. Retraining may be ineffective if all jobs become automatable. Governments may be unprepared for the resulting loss of work and meaning.
Read at Business Insider
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