Deutsche Bank CEO suggests robots could replace half the company’s 97,000 employees

via CNBC –   | @AbigailJHess      Some very smart people say that robots are going to steal your job.

Researchers at Oxford University estimate that 47 percent of U.S. jobs could be replaced by robots, automated technology and automated intelligence (AI) within the next 20 years. Jeff Hesse, PwC principal and U.S. people and organization co-leader, tells CNBC Make It, “The displacement is already beginning to happen.”

Elon Musk told the National Governors Association, “There certainly will be job disruption. Because what’s going to happen is robots will be able to do everything better than us.” Musk even went so far as to say that “AI is a fundamental risk to the existence of human civilization.”

John Cryan, the millionaire CEO of Deutsche Bank, is the latest industry leader to suggest that technology will lead to significant layoffs — and possibly sooner than we think.

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Elon Musk calls for Proactive regulation to Stop Artificial Intelligence– A Fundamental Risk to the Existence of Civilization

Elon Musk starts around 39:30

Elon Musk Unveils Apocalyptic Vision For The World

Elon Musk is no stranger to futurecasting a foreboding dystopia ahead for mankind, as we noted recently. But during a  speech he gave today at the National Governors Association Summer Meeting in Rhode Island, Musk turned up the future-fearmongery amplifier to ’11’.

As a reminder, in the past, when he was asked about whether humans are living inside a computer simulation, Musk made headlines last year by saying he thinks the chances are one in billions that we aren’t.

Continue reading Elon Musk calls for Proactive regulation to Stop Artificial Intelligence– A Fundamental Risk to the Existence of Civilization