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5 Common Artificial Intelligence Myths

There are a lot of myths out there about artificial intelligence (AI).

In June, Alibaba founder Jack Ma said AI is not only a massive threat to jobs but could also spark World War III. Because of AI, he told CNBC, in 30 years we’ll work only 4 hours a day, 4 days a week.

Recode founder Kara Swisher told NPR’s “Here and Now” that Ma is “a hundred percent right,” adding that “any job that’s repetitive, that doesn’t include creativity, is finished because it can be digitized” and “it’s not crazy to imagine a society where there’s very little job availability.”

She even suggested only eldercare and childcare jobs will remain because they require “creativity” and “emotion”—something Swisher says AI can’t provide yet.

I actually find that all hard to imagine. I agree it has always been hard to predict new kinds of jobs that’ll follow a technological revolution, largely because they don’t just pop up. We create them. If AI is to become an engine of revolution, it’s up to us to imagine opportunities that will require new jobs. Apocalyptic predictions about the end of the world as we know it are not helpful.

Common confusion

So, what may be the biggest myth?

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.