Lisbon Web Summit: AI to destroy millions of jobs Business DW.COM 10.11.2016

Artificial intelligence (AI), or the process by which computers or robots perform tasks that need human intelligence, was one of the key themes of this week's Web Summit in the Portuguese capital, Lisbon. The poll, conducted 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 survey also found that 83 percent of the investors canvassed expected Britain's exit from the European Union to damage Europe's economy and 77 percent believed it would damage British startups. London is widely seen as the main tech startup hub in Europe, thanks to its large pool of talent and a much bigger pool of funding than in rival centers. Cities like Berlin, Amsterdam and Lisbon are eager to attract more tech startups.