09.11.2015

Bank of America Merryl Lynch says Artificial Intelligence will wipe out jobs

This prediction is one of many, and as Charles Darwin said: it's not the weakest that die out but those that fail to adapt. My advice is to make decisions about your career now with AI in the future in mind.

If you wanted relief from stories about tyre factories and steel plants closing, you could try relaxing with a new 300-page report from Bank of America Merrill Lynch which looks at the likely effects of a robot revolution.

But you might not end up reassured. Though it promises robot carers for an ageing population, it also forecasts huge numbers of jobs being wiped out: up to 35% of all workers in the UK and 47% of those in the US, including white-collar jobs, seeing their livelihoods taken away by machines.”