According to the Financial Times, Silicon Valley is getting serious and worried about the implications of technological advances in machine automation, which are being intercepted by populism represented by Donald Trump.

Artificial intelligence has long been a topic of concern at the World Economic Forum in Davos. At this year’s forum, however, the talk about AI was less about its promise of greater business benefits and higher margins than about the negative impact of technological progress.

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 editing robots, writing robots 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.



With a series of black swan events, including Trump’s election and Brexit, Silicon Valley elites are eager to demonstrate responsibility and compassion at Davos to avoid being blamed in the wake of the financial crisis, as bankers were in the financial world.

Ginni Rometty, CHIEF executive of IBM, has promoted her “Principles for the Cognitive Era” as the ethics of AI, arguing that in the past technology has become a means for the few to amass great wealth while increasing inequality in the world.

Marc Benioff, chief executive of Salesforce, warned that AI would create “digital refugees”. “The development of AI has exceeded our expectations and the impact on workers around the world is worrying.”

In 2016, globalization and automation were opposed by populists because of the job losses they brought. Silicon Valley’s elite are hoping to come up with solutions before they become the target of public criticism.

Satya Nadella, Microsoft’s chief executive, told a McKinsey panel in Davos that the biggest lesson learned last year was how to keep affected workers from being turned against the tech world by populism. “If we don’t get it right, we’ll go into a vicious circle.”

Executives from both IBM and Microsoft believe AI will enhance human capabilities rather than replace them. Employees use automation to perform data-intensive tasks while keeping their jobs.

Microsoft founder Bill Gates has turned himself into the richest philanthropist. In an interview with the Financial Times, Mr Gates said: “Tech companies have to help, for example by improving education, or they will be seen as getting in the way of a shift in the job market.”

One senior technology executive and Davos regular says that last year, Automation and its impact on jobs were not on the minds of Davos attendees. That has clearly changed, and Silicon Valley leaders are starting to take AI seriously. Realizing that it’s not just robots that are involved, but real humans.

Meanwhile, a clear message from a panel of experts from the World Economic Forum is that technology is advancing much faster than expected.

“AI is improving faster than even the most optimistic people expected,” said Kai-fu Lee, an investor at Sinovation Ventures and a former Google and Microsoft executive. What takes a human 10 seconds to think about will soon be done by AI or algorithms.”

This makes it all the more urgent to strike a balance between machine interests and unemployment.

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.

“Will breakthroughs in AI ultimately benefit a few or lead to more inclusive growth? This is an urgent challenge.” Nadella said. He emphasized the fair distribution of AI benefits. Just as the last industrial revolution gave rise to the Labour movement and the welfare state, we now face a similar test.

As AI advances, there is growing concern that it is not just low-skilled workers who will be displaced in the future, but white-collar workers too who may lose their jobs.

In response, many Silicon Valley entrepreneurs have proposed a “Universal Basic Income” : the state’s generous coffers would be used to pay its citizens for Basic living expenses. Microsoft and Infosys executives are bullish on the plan.

Vishal Sikka, chief executive of Infosys, said: “A fraction of the revenues of the top 10 or 50 tech companies in the world can solve a large part of the basic income problem.”

Other tech companies discussed issues such as their tax affairs in Europe.

In an interview with Google co-founder Sergey Brin on Thursday, Klaus Schwab, the founder of WEF, said the prime minister of a fairly important country said to him over lunch: “There are three powers in the world today: the United States, China and Alphabet.”