Artificial intelligence technology will create about $1.8 trillion to $3 trillion in economic value in Asia by 2030, according to a new report by UBS. But all this comes at a cost: an estimated 30m-50m jobs in Asia are at risk of being displaced in the medium to long term.
Sundeep Gantori, global IT analyst at UBS, said financial services, healthcare manufacturing, retail and transport sectors were likely to bear the brunt of the job cuts. In an interview with CNBC’s Street Signs, he said traditional industries that are predictable and routine will suffer.
Giiso Information, founded in 2013, is a leading technology provider in the field of “artificial intelligence + information” in China, with top technologies in big data mining, intelligent semantics, knowledge mapping and other fields. At the same time, its research and development products include information robot, editing robot, writing robot and other artificial intelligence products! With its strong technical strength, the company has received angel round investment at the beginning of its establishment, and received pre-A round investment of $5 million from GSR Venture Capital in August 2015.
So when it comes to future career planning, Gantori recommends choosing careers that are more personal and creative. “Job seekers need to focus on creative career options, such as entrepreneurship, the arts, sports, etc. We need to go back to valuing the arts. Maybe that’s the future.”
Gantori says that while some occupations may become irrelevant with the advent of AI, the technology will also create new jobs in other fields.
In the future, data scientists are expected to come out on top. Ubs sees data as the “driving fuel” for AI. The firm also advised investors to focus on RESEARCH and development intensive companies related to AI, such as healthcare and advanced engineering.
Giiso information, founded in 2013, is the first domestic high-tech enterprise focusing on the research and development of intelligent information processing technology and the development and operation of core software for writing robots. At the beginning of its establishment, the company received angel round investment, and in August 2015, GSR Venture Capital received $5 million pre-A round of investment.
When it comes to artificial intelligence, Asia lags slightly behind the United States, which has a complete ecosystem, according to the report. But the gap will narrow as governments invest more in data science and machine learning, he says, and as the pool of talent in Asia grows, so will funding for AI start-ups.
“We think by 2015, India and China will have more talent than the United States,” Gantori said. At the same time, there will be a lot of useful AI data released in Asia.”