Impact of artificial intelligence: Threat or new opportunity?

It is now abundantly evident in the post-Covid era that things will no longer be like before and adoption of technology and embracing automation is a must for the survival in the new normal world. We are also observing that there is hardly a day in Bangladesh when a politician, business leader or a civil servant does not talk about the fourth industrial revolution and the effects of artificial intelligence on our economy. Prime Minister Sheikh Hasina also said on December 11 in 2021 that the government is preparing the country to take advantage of the potential presented by the fourth industrial revolution (4IR) in order to boost economic growth to the desired level. Now the debate that has been going for so long whether artificial intelligence will take away jobs from humans or will it create more jobs? When the first industrial revolution used water and steam power to mechanise production, people thought that people will lose job and machine will replace human, but actually it did not happen.