Artificial intelligence will 'inevitably' destroy millions of jobs

Investors believe it is'inevitable' that artificial intelligence will destroy millions of jobs and that governments are unprepared for such an impact, according to a new survey. Artificial intelligence (AI), or the process by which computers or robots take on tasks that need human intelligence, is one of the key themes of this week's Web Summit in Lisbon. The poll among 224 venture capitalists attending the conference showed 53 percent believed AI would destroy millions of jobs and 93 percent saw governments as unprepared for this. The poll among 224 venture capitalists attending the Web summit in Lisbon found 53 percent believed AI would destroy millions of jobs and 93 percent saw governments as unprepared for this. The survey also found that 83 percent of the investors canvassed expect Britain's exit from the European Union to damage Europe's economy and 77 percent believe it will damage British startups.