Speaker: Hanif Joshaghani | Co-Founder & CEO, Symend Inc.
I thought I should give you guys a little bit of an overview of what's happening in AI. It's everywhere. It's moving incredibly fast and guaranteed, guaranteed, guaranteed. It's either already impacted every one of your lives or it's soon will. Nobody is going to be untouched by what's happening right now.
90 days ago, they used to say that AI is going to be the greatest revolution in technology since like electricity and the Internet. Most people now believe it'll dwarf those things. It'll blow past both of those things in terms of impact. It's kind of scary and it's kind of exciting.
What's scary about it is if you listen to the top experts, most of them believe that like more than half, maybe 2/3 of all white collar jobs could get wiped out easily. The cool part of it is it doesn't mean everybody's going to be unemployed. It could be disruptive. But you know, as we said, prosperity matters.
Per capita income is what, like 50 grand? If every one person can use a million bots and do a bunch more work, maybe per capita GDP becomes 200 grand, maybe 500 grand. It could unlock the next era in prosperity acceleration in a way that we've never experienced before.
One of the guys that I listen to and I really, really respect in this space believes that in the next 10 to 20 years, poverty, the need to work versus the desire to work, the need to work to put food on the table, at least in the Western world, could be fully wiped out by AI.
So it is a big deal, but it also creates a lot of disruption. It's an energy hog. There's all these kinds of things. So I thought maybe for everyone, I should talk a little bit about what was machine learning in AI. What did it become very quickly since 2022? What are some of the examples of the way it's already transformed our lives and what's coming next?
And then hopefully through the story, I can tell you guys a little bit about, OK, how do you guys in the audience internalize this as individuals, as business leaders and as participants in our ecosystem?