BY: Orianna Rosa Royle, FORTUNE
Yet another Silicon Valley billionaire has just predicted that most jobs will be replaced by AI—whether you work on a farm or in sales.
“I estimate that 80% of 80% of all jobs, maybe more, can be done by an AI,” famed investor and entrepreneur Vinod Khosla has warned.
“Be it primary care doctors, psychiatrists, sales people, oncologists, farm workers or assembly line workers, structural engineers, chip designers, you name it.”
Khosla cofounded Sun Microsystems in 1982, before investing in Netscape, the earliest widely-used browser, Amazon, Google and more recently invested in OpenAI.
In a lengthy blog post, he detailed how he has spent that past four decades studying disruptive tech and has come to the conclusion that AI will reduce the need for human labor because it will do most jobs better, faster and cheaper.
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To avoid “economic dystopia” where “wealth gets increasingly concentrated at the top while both intellectual and physical work gets devalued” resulting in mass unemployment on a global scale, he points to one solution: Universal basic income (UBI).
“AI could create a world where a small elite thrives while the rest face economic instability, especially in a democracy that drifts without strong policy,” Khosla wrote.
