93% of Investors Say AI Will Destroy Jobs, Governments Not Prepared

Web Summit, the massive technology conference in Lisbon, Portugal, polled 224 investors face-to-face at Venture, one of the subconferences within the Web Summit framework. A smaller percentage, only 53%, said that it is "inevitable that Artificial Intelligence will destroy millions of jobs." Arguably, we're already seeing this happen. Self-driving cars and trucks are closer and closer every day. Earlier this year, iPhone manufacturer Foxconn replaced 60,000 factory workers with robots.