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Artificial intelligence

AI-Driven Layoffs: Expert Warns 99 Percent of Workers May Lose Jobs in Five Years

Strategic Insights

— 1 min read

As companies worldwide rapidly implement artificial intelligence (AI) systems to cut costs and boost revenue, a top expert has sounded a dire warning on the impending consequences of this trend. Roman Yampolskiy, a computer science professor at the University of Louisville in the US, has predicted that AI could lead to unprecedented levels of unemployment, with a staggering 99 percent of workers potentially facing job loss in the next five years.

Key Takeaways:

  • Roman Yampolskiy, a computer science professor at the University of Louisville, warned that AI could lead to 99 percent unemployment in the next five years.
  • Yampolskiy predicted that artificial general intelligence (AGI), which imitates the human brain, will likely arrive by 2027.
  • The professor estimated that AI tools and humanoid robots will make employing humans uneconomical a few years after AGI arrives.
  • Yampolskiy stated that all jobs, including those of coders and prompt engineers, will be automated.
  • He emphasized that there is no plan B for workers who will be displaced by AI, as all jobs will be automated.
  • Yampolskiy's warning echoed the views of other experts, including AI startup Anthropic's CEO Dario Amodei and former Google executive Mo Gawdat, who have warned of the widespread impact of AI on employment.

Statistics:

  • 99 percent: The predicted percentage of workers who may lose their jobs due to AI implementation in the next five years, according to Yampolskiy.
  • 2027: The predicted year for the arrival of artificial general intelligence (AGI), which imitates the human brain.
  • 5 years: The estimated timeframe after AGI arrives when AI tools and humanoid robots will make employing humans uneconomical.

Sources:

1. Roman Yampolskiy, computer science professor at the University of Louisville, speaking on The Diary of a CEO podcast.

2. Anthropic's CEO Dario Amodei, warning that all entry-level office jobs may be gone within five years.

3. Mo Gawdat, former Google executive, stating that AI will spare no one, including even CEOs, and that the "hell" will break loose as early as 2027.

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