Artificial Intelligence: Will We Lose Our Jobs To Technology? - IDEX's Memo

How likely is it that Artificial Intelligence (AI) will, in the coming decades, be used to automate millions, tens of millions or even hundreds of millions of jobs? And will that have an impact on the diamond trade? The possible future impact of AI is being hotly debated by high-tech and other experts. Fundamentally, on one side you have billionaire Elon Musk, the founder of electric car maker Tesla, and on the other side many of the biggest stars of the tech firmament, such as Facebook's Mark Zuckerberg, among others, who believe that Musk is overestimating the power of AI and the speed of its likely development. The debate becomes even more interesting, especially to politicians and economists, when Musk adds in the argument that a universal basic income (UBI) – which really means government allowances to people who will not be able to find jobs due to AI replacing them.