At the Computex conference, Foxconn's chair Young Li emphasized the disruptive potential of generative AI and robotics in low-end manufacturing, predicting significant job losses. Li argues that developed nations traditionally utilize immigration and low-GDP outsourcing to maintain production costs, but he warns that these options are dwindling. Foxconn's application of AI has demonstrated that it can greatly enhance efficiency and production problem-solving, although a complete replacement of human workers is not feasible. Li urges global leaders to recognize and prepare for the impending geopolitical shifts and challenges posed by this technological revolution.
"Generative AI and robotics will fill the void. That is the opportunity I see when a country becomes more prosperous - the low-GDP work will be done by GenAI and robotics."
"I think that is the real challenge for all developed countries. I urge leaders of developed countries to watch this very carefully."
"After applying generative AI to our own operations, we found that software working alone can do 80 percent of the work required to set up equipment for a new production run - and do it faster than people."
"We quickly realized we could not replace every human. But Foxconn has saved enough time that its human experts can now focus on gnarly problems."
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