The World Economic Forum, or WEF, said robotics and machinery will eliminate tens of millions of jobs over the next five years, but create just as many – perhaps more -- through the emergence of new technologies. The WEF, an international nongovernmental organization based in Geneva, Switzerland, said in a survey-based report that accelerating automation will wipe out 85 million jobs across 15 industries and 26 economies by 2025 – but concurrently create 97 million new jobs, particularly in the fields of data, artificial intelligence, content creation, the "green" economy and cloud computing. Still, the WEF conceded that such a dramatic disruption of labor markets could initially increase inequality and pressure companies around the world to quickly retrain workers in order to compete. "[Jobs] in areas such as data entry, accounting and administrative support are decreasing in demand as automation and digitization in the workplace increases," WEF said. "[Approximately] 50% of employers are expecting to accelerate the automation of some roles in their companies."

The robots are coming, artificial intelligence is expanding, yet no one is doing enough to make sure workers benefit rather than losing out. According to a new survey, a quarter of the workforce think their job won't be needed in future. Many of us expect the technological revolution to be as disruptive as the industrial revolution. This could bring amazing opportunities and emancipation, but also new forms of exploitation, deeper inequalities, injustices and anger. Trades unions and communities can't just stand by and hope for the best.

LISBON (Reuters) - Investors believe it is "inevitable" that artificial intelligence will destroy millions of jobs and that governments are unprepared for such an impact, according to a survey published on Thursday. Artificial intelligence (AI), or the process by which computers or robots take on tasks that need human intelligence, is one of the key themes of this week's Web Summit in Lisbon. The poll 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 expect Britain's exit from the European Union to damage Europe's economy and 77 percent believe it will 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.

Not an event goes by without us talking about the impact of technology, and terms like IoT (internet of things), cloud, big data, AI (artificial intelligence) are widely touted as being the'next big things'. For example, we talk about billions of connected devices enabling smart decisions, or robots taking over many types of jobs in the future, or how artificial intelligence will solve lots of complex challenges. It's no surprise then that governments and industry thought leaders are engaged in conversations on the consequences of having all this technology integrated into everything. Research published this month by the World Economic Forum says that for emerging technologies to achieve their full potential to improve human life and address global challenges, action is needed to make sure their use is governed properly. This was echoed by a survey of the world's top technology investors at the Web Summit in Lisbon, which said governments are failing to prepare for the impact of artificial intelligence – which is set to destroy millions of jobs, according to a poll of the.

Investors believe it is'inevitable' that artificial intelligence will destroy millions of jobs and that governments are unprepared for such an impact, according to a new survey. Artificial intelligence (AI), or the process by which computers or robots take on tasks that need human intelligence, is one of the key themes of this week's Web Summit in Lisbon. The poll 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 poll among 224 venture capitalists attending the Web summit in Lisbon found 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 expect Britain's exit from the European Union to damage Europe's economy and 77 percent believe it will damage British startups.

Artificial intelligence will'inevitably' destroy millions of jobs and could bring down governments Automation so far dominates automotive, electrical and electronics fields Report warns shift could take two-thirds of jobs in developing countries And, some may put more focus on low-wage jobs that robots can't yet do And, some may put more focus on low-wage jobs that robots can't yet do The poll among 224 venture capitalists attending the Web summit in Lisbon found 53 percent believed AI would destroy millions of jobs and 93 percent saw governments as unprepared for this. Scientists to unleash killer bacteria to try and... Could a folding phone save Samsung? Firm patents radical... Do YOU count on your fingers? Experts say it could actually... Eyes on the prize: Hundreds queue for Snapchat's Spectacles... Scientists to unleash killer bacteria to try and... Could a folding phone save Samsung? Firm patents radical... Do YOU count on your fingers?

Artificial intelligence will'inevitably' destroy millions of jobs and could bring down governments Automation so far dominates automotive, electrical and electronics fields Report warns shift could take two-thirds of jobs in developing countries And, some may put more focus on low-wage jobs that robots can't yet do And, some may put more focus on low-wage jobs that robots can't yet do The poll among 224 venture capitalists attending the Web summit in Lisbon found 53 percent believed AI would destroy millions of jobs and 93 percent saw governments as unprepared for this. Scientists to unleash killer bacteria to try and... Could a folding phone save Samsung? Firm patents radical... Do YOU count on your fingers? Experts say it could actually... Eyes on the prize: Hundreds queue for Snapchat's Spectacles... Scientists to unleash killer bacteria to try and... Could a folding phone save Samsung? Firm patents radical... Do YOU count on your fingers?

LISBON Investors believe it is "inevitable" that artificial intelligence will destroy millions of jobs and that governments are unprepared for such an impact, according to a survey published on Thursday. Artificial intelligence (AI), or the process by which computers or robots take on tasks that need human intelligence, is one of the key themes of this week's Web Summit in Lisbon. The poll 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 expect Britain's exit from the European Union to damage Europe's economy and 77 percent believe it will 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 centres.

Investors believe it is "inevitable" that artificial intelligence will destroy millions of jobs and that governments are unprepared for such an impact, according to a survey published on Thursday. Artificial intelligence (AI), or the process by which computers or robots take on tasks that need human intelligence, is one of the key themes of this week's Web Summit in Lisbon. The poll 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 expect Britain's exit from the European Union to damage Europe's economy and 77 percent believe it will 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 centres.

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.