A 70-year-old mining businessman has told young Australians to be prepared for the AI revolution
Deane Russell, who directs strategy with an iron ore company in the Northern Territory, was stopped by a TikTok interviewer outside the Intercontinental Hotel in Sydney.
Mr Russell said he used the first ever Mac computer, operating with a 128kilobytes, 3.5-inch floppy disk when it came out.
He used the Mac to create a spreadsheet that accurately predicted the outcome of a business event, having never used a computer before.
"Everybody said computers were going to change the world and everybody's going to lose their job. No, it created a new universe," he said.
"AI is going to create a new universe. You're at the very beginning of a wave of a new universe."
Mr Russell said he has four grandchildren, the eldest of whom is three years old.
"They will live in a different universe by the time they're 50," he said.
Aside from computing, Mr Russell said entrepreneurs needed to be ready to battle the "egos" in business and remain true to their own missions.
Many agreed with the businessman's advice.
"Agree, I was there at the start of PCs and AI is bigger than boomer times, go make a new world millennial," one wrote.
"Some great advice," a second said.
"This man said it right, your own self-esteem is most important," a third added.
Others shared fears about AI taking their jobs.
"AI [is] about to take 90 per cent of jobs, pick a job that computers can't do. Trades are the safest bet going forward for young kids," one wrote.
''People are dramatically underestimating the impact of AI and robots. If you sit at a computer, your job is over very soon," another said.
"'Good luck boys' thanks wise old man, we [are] going to need it," a third wrote.
The video comes amid Donald Trump declaring that the United States should reduce regulation on artificial intelligence, and Meta lobbying the Albanese government to reduce regulations in Australia on the construction of AI.
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