Jun 30, 2018

AI Will Thrash the Economy Like a ‘Tsunami,’ Allstate CEO Says

Posted by in categories: economics, robotics/AI, transportation

Much Worse than that. And, thankfully, They are too foolish and greedy to stop.

Artificial intelligence is coming for the service economy, according to Allstate Corp. Chief Executive Officer Tom Wilson.

“It’s going to rip through this economy like a tsunami,” Wilson said Thursday in an interview on Bloomberg TV from Aspen, Colorado.

Automation will affect a wide swath of workers, from traders to taxi drivers. McKinsey & Co. estimates that more than 400 million people worldwide could be looking for work by 2030 because technology took their jobs.

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