The reality of AI and jobs: Somewhere between utopia and dystopia

The actual impact of artificial intelligence (AI) on the world's economy and jobs will likely be somewhere between the utopian and dystopian futures that it is often discussed in terms of, according to a new report from the Economist Intelligence Unit. The report, commissioned by Google, examined how AI will impact certain industries in the US, the UK, Australia, Japan, and Asia as a whole. The findings are based on econometric modelling, desk research, and interviews with academic and industry experts. Firms developing and using machine learning need to better communicate among themselves as well as with the public and policymakers, the report stated. This means doing more to manage expectations around the impact of machine learning, acknowledging the potential risks and rewards, improving trust and transparency, and educating the public.