Beware the dark side of AI, says Bank of England economist

The rise of artificial intelligence will have a "dark" fallout that is even more disruptive than previous industrial revolutions, the Bank of England's chief economist has warned. Andy Haldane predicted that the "Fourth Industrial Revolution" would be on a much greater scale than those of the 18th to 20th centuries and would lead to huge job losses and societal changes. Automation has already displaced millions of low-skilled jobs. Experts predict that artificial intelligence (AI) will displace millions more roles in the next two decades as technologies such as driverless cars and lorries and software that can perform increasingly sophisticated roles come into use. The Serious Fraud Office already uses AI instead of barristers to sift through case documents to identify relevant evidence.