Vinod Khosla's dire warning: AI could wipe out 80% of jobs and crush Fortune 500 giants by 2030
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A Wild Technological Shift Is Already Underway
AI Could Handle Most Valuable Jobs By 2030
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Fortune 500 Companies Could Disappear Faster Than Ever
Healthcare Will Be Transformed by AI
Your Home Might Have a Robot Taking Care of Everything Soon
A Bright Future for Clean, Cheap Energy
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Tech investor and billionaire entrepreneur Vinod Khosla has warned that artificial intelligence is advancing so quickly it could automate most jobs, and, by the 2030s, some of the Fortune 500 companies will be gone, according to a report.During an interview on the 'Uncapped with Jack Altman' podcast, Khosla shared his predictions, saying AI will be able to perform 80% of any economically valuable job within just five more years, and by 2040, he predicts, people won't need to work at all to survive, as per a report by Fortune.A venture capitalist and early investor in companies like Square and Instacar described that the current technology cycle as 'crazy and frenetic,' and adding that, 'I've never seen a cycle like this…almost every job is being reinvented, every material thing is being reinvented differently with AI as a driver,' as quoted in the report. Khosla compared the scale of change to the 1960s, saying, 'We're going to see this large change in such a short time, it's almost hard to imagine how society adjusts,' as quoted by Fortune in its report.ALSO READ: Diddy verdict in — you won't believe his net worth or how he's paying those massive legal bills The Indian-American billionaire businessman anticipated that 'Within the next five years, any economically valuable job humans can do, AI will be able to do 80% of it…80% of all jobs can be done by an AI,' as quoted in the report. He even pointed out that by 2040, 'the need to work will go away. People will work on things because they want to, not because they need to pay their mortgage,' as quoted by Fortune.Khosla predicted a rise in the demise of large incumbent companies, as he said, 'One of my predictions is the 2030s will see a faster rate of demise of Fortune 500 companies than we've ever seen…that transition won't happen from existing companies. Somebody new will reinvent this,' as quoted in the report.ALSO READ: Zuckerberg's $100 million lure: Why top Chinese and Indian AI minds are joining his Superintelligence Project During the interview, he also forecasted about the future of healthcare. He asked that, 'If all medical expertise is free…you have an unlimited number of primary care doctors, oncologists, gastroenterologists, mental health therapists…how would you redesign the health care system?", and then he argued that entrenched interests and regulatory barriers will slow, but not stop, AI-driven transformation , according to the Fortune report.The investor even predicted about robotics, as he said that, 'almost everybody in the 2030s will have a humanoid robot at home…probably starting with something narrow like doing your cooking for you,' and pointed out that the main bottleneck is not hardware but intelligence, as per the report.ALSO READ: Kamala Harris is back, urges Americans to call their representatives and block Trump's Big, Beautiful Bill Khosla is 'very bullish about energy,' especially fusion and super-hot geothermal, which he believes could make power 'cheaper than natural gas,' as reported by Fortune.Yes, according to Khosla. He believes AI will soon be able to perform the majority of economically valuable tasks that humans currently do, as per the Fortune report.Khosla predicted that he sees personal assistant robots starting with simple household tasks like cooking by the 2030s.
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