May 25, 2024

Top China VC Kai-Fu Lee says his prediction that AI will displace 50% of jobs by 2027 is ‘uncannily accurate’

Posted by in categories: employment, robotics/AI

“These are things that are superhuman, and we think this will be in every industry, will probably replace 50% of human jobs, create a huge amount of wealth for mankind and wipe out poverty,”…jobs.html” rel=“noopener” class=””>Lee told CNBC at the time, later forecasting that it would happen in the next 10 years.

Fast forward seven years to the Fortune Innovation forum in Hong Kong this past March, when he sat down with Fortune editor-in-chief Alyson Shontell.

With the timeline of his prediction just three years away, she asked him if it still holds, and he replied, “It’s actually uncannily accurate. People have criticized me for being too aggressive in 2017, 2018, 2019, and I was a little nervous at the time. But when gen AI came out, I think everybody’s on the bandwagon and believing that is the correct pace.”

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