Artificial intelligence: Should we be afraid? Or should we invest?
Former Cisco CEO says 20 to 40 percent of jobs will be lost due to AI
With artificial intelligence quickly creeping into people's everyday lifestyle, some people are wondering if it's a technology to be feared or lauded.
Stocks In This Article:
Former executive chairman and CEO of Cisco Systems, and now JC2 Ventures CEO and founder, John Chambers spoke to FOX Business' Liz Claman on Thursday about where he lands on that debate.
"I think it's a combination of perhaps three areas," Chambers said on "The Claman Countdown." "If you're going to bet on one technology ... I'd bet on artificial intelligence."
HOW AI SOLVES THE PROBLEMS FARMERS HAVE BEEN MISSING
Chambers said he sees artificial intelligence the way everyone saw the internet two decades ago.
"It will dramatically change what we do at work."
Chambers said he sees artificial intelligence making people more productive and possibly more secure.
US CRACKS DOWN ON CHINESE ARTIFICIAL INTELLIGENCE COMPANIES
"The future is very much there," Chambers said.
"It will, however, probably destroy 20 to 40 percent of the jobs as we know them today."
CLICK HERE TO READ MORE ON FOX BUSINESS
Chambers said that possible job loss is exactly why start-ups need to be a "huge part of the American future."
"The large companies, when you see these technologies implemented and automation with it, will actually probably decrease headcount over the next decade," Chambers said.
Chambers believes the only way jobs aren't lost is if start-ups kick up the pace to hire more people to interact with the AI.
GET FOX BUSINESS ON THE GO BY CLICKING HERE