Monday, 16 October 2023 04:42

Ray Dalio says AI will greatly disrupt our lives within a year—you should be both excited and scared of it

Rate this item
(0 votes)

Billionaire investor Ray Dalio is sure that artificial intelligence will soon be a “great disruptor” in all of our lives — for both better and worse.

AI will help people make strides in productivity, education, healthcare and even usher in a three-day workweek, Dalio said on Tuesday at Fast Company’s Innovation Festival 2023. On the other hand, it’ll likely “disrupt jobs” and be a cause of “argument” for employees and legislators who support halting or slowing down AI’s evolution, he said.

“All these changes are going to happen in the next five years,” Dalio, the founder of hedge fund giant Bridgewater Associates, added. “And when I say [that], I don’t mean five years from now. I mean that you’re going to see [changes] next year ... the next year, [even bigger] changes. It’s all going to change very fast.”

Some developments are already in motion. ChatGPT has swiftly exceeded most people’s expectations, passing Wharton MBA exams and allegedly helping someone win the lottery less than a year after its November 2022 launch.

Job disruptions may also be underway: As more than 100,000 actors strike for better wages, the Alliance of Motion Picture and Television Producers (AMPTP) is lobbying to replace some of them with artificial intelligence.

The trend could expand to other industries soon. Forty-nine percent of U.S. CEOs and C-suite executives say their current workforce’s skills won’t be relevant by 2025, according to a survey from online education platform edX published on Tuesday.

In the same survey, executives said they’re already trying to hire AI-savvy employees, with 87% citing that effort as a struggle. That could open up a lane of opportunity for workers, who can learn and use AI skills to make some extra cash.

“There are many online learning opportunities to understand how AI works, which then could help [someone] possibly become an AI tutor, or to do some AI training to pass it on to the next generation,” Susan Gonzales, CEO and founder of nonprofit AIandYou, told CNBC Make It in July. 

Just about everyone, from entrepreneurs and freelancers to full-time office workers, could stand to benefit from learning more about AI, Gonzales said.

Whether you’re excited, curious or flat-out scared, “now would be the time to increase your knowledge,” she added.

 

CNBC

June 30, 2025

Nigerian Bond Market extends gains as yields fall to 18.38%

Nigeria’s sovereign debt market maintained its upward trajectory last week, with continued investor interest driving…
June 26, 2025

Peter Obi decries ‘coordinated lawlessness’ after brother’s property is demolished in Lagos without court order

Former presidential candidate Peter Obi has condemned what he described as a brazen act of…
June 28, 2025

7 genius responses to ‘put rude people in their place,’ according to communication experts

Kathy & Ross Petras Rude people are, sadly, all around us. We deal with them…
June 21, 2025

Man convicted of posing as flight attendant to fly for free 120 times

A 35-year-old American man has been found guilty of impersonating a flight attendant at least…
June 30, 2025

Bandits strike again in Benue, kill four policemen in fresh attacks

Armed bandits on Sunday launched another deadly assault on Benue State, killing at least four…
June 30, 2025

What to know after Day 1222 of Russia-Ukraine war

WESTERN PERSPECTIVE Ukraine F-16 pilot killed in large-scale Russian attack, Zelenskiy calls for US help…
June 30, 2025

The computer-science bubble is bursting

Rose Horowitch The job of the future might already be past its prime. For years,…
May 13, 2025

Nigeria's Flying Eagles qualify for World Cup after dramatic win over Senegal

Nigeria's U-20 national football team, the Flying Eagles, have secured their place at the 2025…

NEWSSCROLL TEAM: 'Sina Kawonise: Publisher/Editor-in-Chief; Afolabi Ajibola: IT Manager;
Contact Us: [email protected] Tel/WhatsApp: +234 811 395 4049

Copyright © 2015 - 2025 NewsScroll. All rights reserved.