Artificial Intelligence and Universal Basic Income

Lately, I have been about AI (artificial intelligence), and pondering the long-term impact of this new “industrial revolution”. In the first cycle, and I think we are in it right now, AI will automate most of the tasks which require human intervention, but through technological revolution, have been easy to computerize (e.g. finance, accounting, law, medicine and diagnosis). Stage 2 will be when AI will start to wreak havoc on other industries when all of the easy fruit has been picked. I think the most immediate impact of AI should be felt in the financial industry, as computer should be able to automate most of the back office tasks easily, and without much due effort (as long as most of the forms are standardized etc).

More to follow …..

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