What Lee described is the existential threat that labor leaders and politicians around the world have feared and denounced. This will naturally cause the early movers to get bigger." Even if someone else has the money and the brand they can’t beat you because they don’t have. "Typically it's been access to resource, brand, technology or barrier entry, but now AI gives you more data which makes your product impregnable because you have built a better product. "Think about monopolies, how they’re made and maintained," Lee told journalists. This echoed a comment issued earlier in the day by Meredith Whittaker, a well-known AI ethicist and researcher, who said that right now only around 7 companies possess the capability to build AI at scale. Typically only the big companies or the very rich have access to these. To use it effectively, one needs money, researchers and lots of data. Lee, who has written a book on AI, titled "AI Superpowers, China, Silicon Valley and The New World Order," said he based his prediction on AI's requirements. That's not the first time someone has predicted AI will bring doom, but few techies talk like this and fewer still at an AI conference. "I think AI will exacerbate wealth and inequality.at the very bottom rank are the people, many of whose jobs will be replaced because they’re routine and AI will do their jobs for them, so it’s actually having a doubling effect on giving more wealth to the wealthiest, creating new AI tycoons at the same time taking away from the poorest of society." The Artificial Intelligence 2018 Conference/Oreilly An investor who previously oversaw businesses in China for both Microsoft and Google and who also worked many years for Apple, Lee cleared his throat and essentially took a sledge hammer to AI's kumbaya moment.įirst, he acknowledged AI's many positive contributions, to the environment, healthcare and so on.
And who can blame them? Through their efforts, the use of AI is beginning to change industry, and it's only a matter of time, say many experts, before AI will begin to transform the rest of society.īut then came Kai-Fu Lee's turn at the mic. The atmosphere among the many researchers and engineers who attended was one of back patting and self congratulations. The conference is partly a celebration of AI. The comments, made by Kai-Fu Lee during a panel discussion at the Artificial Intelligence 2018 Conference in San Francisco on Thursday, weren't well received. The result will be that the rich get richer and the poor.Īrtificial intelligence will widen the chasm that already separates the rich and the poor, warns a former Microsoft and Google executive.Kai-Fu Lee, a former Microsoft, Google, and Apple executive, predicts that AI will enrich a relatively few companies at the same time it takes over jobs once filled by people.All around the tech sector, AI is being celebrated, but some technologists warn that workers should beware.Account icon An icon in the shape of a person's head and shoulders.
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