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

March 16, 2025

Petrol price war drives marketers to reduce purchases as losses mount

A price war between Dangote Petroleum Refinery and the Nigerian National Petroleum Corporation Limited (NNPCL)…
March 16, 2025

El-Rufai speaks further on Tinubu’s presidency, Chicago scandal, other issues

Former Kaduna State Governor Nasir El-Rufai has revealed that he and other political leaders were…
March 14, 2025

How leaders train themselves to rethink and adapt faster

Paola Cecchi-Dimeglio Recognizing the value of rethinking is one thing—making it a habit is another.…
March 01, 2025

Man offers to split $525,000 jackpot with thieves who stole his credit card to buy…

A Frenchman appealed to the homeless thieves who stole his credit card to buy a…
March 14, 2025

Gunmen invade Kaduna communities, abduct 10

Suspected bandits have abducted ten villagers from three remote communities in Kajuru Local Government Area…
March 16, 2025

Here’s the latest as Israel-Hamas war enters Day 527

Freed Israeli hostage speaks for the first time about his 505 days of surviving Hamas…
March 15, 2025

Humanoid robot with human-like competence unveiled in China

Du Qiongfang Humanoid robot manufacturer AgiBot in Shanghai unveiled on Tuesday its latest humanoid robot…
January 08, 2025

NFF appoints new Super Eagles head coach

The Nigeria Football Federation (NFF) has appointed Éric Sékou Chelle as the new Head Coach…

NEWSSCROLL TEAM: 'Sina Kawonise: Publisher/Editor-in-Chief; Prof Wale Are Olaitan: Editorial Consultant; Femi Kawonise: Head, Production & Administration; Afolabi Ajibola: IT Manager;
Contact Us: [email protected] Tel/WhatsApp: +234 811 395 4049

Copyright © 2015 - 2025 NewsScroll. All rights reserved.