Impact of AI on Job Market

So tell me about why you think AI really will take jobs away from

human beings at a significant scale.

Yeah. So

there, there's no doubt to date, AI has created more jobs

than it's destroyed. The demand for the skill sets,

even just to

build the data centers is very, very high.

We have a, a, you know, a

reasonably low, uh, unemployment rate.

The superiority of these systems is subject

to a threshold where you have to believe that it's incredibly

reliable. You know, if you're going to have your telesales or

telesupport capability be AI

driven, uh, you wanna make sure

that its accuracy is better than humans.

And so

the only profession we've truly crossed over that threshold is

coding. And even there, I know a lot of people who are, you know,

kind of

stuck, uh, in the past and, you know, don't wanna use the AI for

coding. But managers of coders get

that most applications can be developed very

inexpensively. We will, in the next few years, cross over those

thresholds for accounting, legal work,

telesales, telesupport, where twenty-four hours a day

in, in every language with infinite trivia

capability

and no urgency, you know. So you look at the AI

nurse, and there's several companies. They have perfect memory.

They don't hurry to get up-

This being like a nurse you would call on the phone or talk to through a chat

interface.

Yeah, like ChatGPT.

Yeah.

Uh, far preference. You know, you go to San Francisco and ask people,

"Would you

rather ride in a Waymo or rather ride with a human driver?" Go

ask people in

the UK who use Limbik for mental health support, uh,

you know. So the notion that just the market

demand preference for driving or

the nurse, uh,

you know, or even the, the person on the phone will favor humans,

that's a quality threshold which will be passed

through. You know, if, if say, insurance companies are still human, doing

humans do claims, medical claims, which is a very

AI, uh, capable task, then a competitor

who has very few human employees will come in and, uh,

change the pricing model for that industry.

So the two counterarguments I've heard people make on this, one is that

you have a Jevons paradox effect, where

the

cheaper, more widespread availability