Deep Knowledge Futures, a Hong Kong-based venture fund management company, recently announced the appointment of an Artificial Intelligence (A.I.) tool as an official board member.
The A.I., named Vital, was selected to help make financial and business decisions using algorithms, and specializes in biotechnology and regenerative medicine research, according to the company. Vital is able to predict investments and use data sets to uncover trends that are "not immediately obvious to humans."
The news prompts discussion about the future of work and artificial intelligence. Theories of robot job replacement have been abound for hundreds of years, most famously featured in science fiction stories by Isaac Asimov and Ray Bradbury.
Recent studies performed at the University of Oxford found that a large number of U.S. job occupations could be automated by robot intelligence within the next two decades.
But as artificial intelligence continues to shift into the jobsphere, a need will arise for new (human) jobs that synthesize these technologies, researchers say. In other words, jobs will adapt as the workforce evolves.
The part of the robotics story that gets missed is the jobs they create. We need to set up an environment for the jobs robots are creating, because someone has to work on those robots and maintain those robots; there will always be jobs for workers that get their hands dirty.
Advancements in artificial intelligence have radically affected job responsibilities for manufacturing, transit and health care workers in recent years. The global population of robots exceeded 1.3 million in 2013, according to the IFR. The automotive industry makes up about 40 percent of the global supply of robots.