Artificial intelligence (AI) and machine learning have long dominated headlines and conversations. Technological innovations are growing exponentially, and this growth has widespread implications for the world’s workforce.
Online firms and digital natives such as Google and Facebook are at the frontier of AI, investing billions of dollars in technology that elevates their businesses and delivers unique solutions to consumers.
Management consultancy McKinsey estimates that such companies funnelled between $20 billion and $30 billion into AI in 2016, including significant activity in mergers and acquisitions. And these big players are not alone. Private investors are claiming a share, too, investing an estimated $4-5 billion during the same period. Meanwhile, private equity firms invested between $1 billion and $3 billion.
According to McKinsey, between 2013 and 2016 AI investment figures tripled.
While some AI investment is concentrated in Silicon Valley, activity isn’t isolated to the United States. Countries as diverse as Israel, Sweden and China are also investing heavily. China is of particular interest, having issued an ambitious policy blueprint that seeks to establish the country as the world’s primary AI innovation centre by 2030.
Within the next (..) To read the rest of the article please visit https://www.disruptionbanking.com/2018/04/the-jobs-of-the-future-can-we-prepare-better/