Menu visibility control

Video

Events

Startup Surgery

Most Recent

News

Ex-CEO of Ve Interactive under investigation for fraud

Investments

EXCLUSIVE: E-commerce firm Paddle merges with DevMate in ‘seven figure’ deal

AdTech & MarTech

Calum Smeaton, CEO of TVSquared, on growing a successful UK AdTech firm and raising $12.5m

Press Releases

Zzish hits £1.15m funding target on Crowdcube for technology that will democratise quality education and move the needle on learning
Okappy announces the launch of its investment pitch on the AngelsDen equity crowdfunding platform
Recruitment disruptor talent.io poised for further growth with €8m investment secured

Tech chats: AI’s impact on jobs with EY’s Richard Goold

twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

In this video interview, we chat with Richard Goold from EY about artificial intelligence and its impact on jobs. Goold explains what the main advantages of AI are, which jobs are particularly at risk from this technology and whether jobs should be protected. He also explores whether AI could actually end up creating more jobs.

Q: Richard, welcome, so our Hot Topic interview today is around artificial intelligence, and I first of all want to ask you what are the main advantages that AI can give to businesses and individuals?

So AI is huge already, there are a large number of startups that are globally looking at this area and one VC said to me recently that every technology company is going to involve machine learning or AI before too long if they’re not already. And, as I say, there are a large number of use cases but, to me, one of the most exciting areas is around data – there’s an exponential amount of data being created and AI enables it to be analysed so the analytics will create new business models and derive value from this big data pool.

Tech World: A $200m tech fund, Uber leaves Denmark, AI stealing jobs and more

Q: Something that is constantly in the headlines is how AI can make some jobs obsolete. Are there some jobs tat are more at risk than others?

Clearly, a combination of technologies – robotics, machine learning, AI is talked about as being a massive threat to employment and for sure there will be some jobs that get displaced I think that other jobs will be created in the same way as there is displacement and typically blue collar type jobs and the more junior jobs within the white collar world I think are at threat, but equally there will be new opportunities created.

Q: Should jobs be protected, and if so, whose responsibility is that? Should it be coming from the government?

Well, fundamentally, I guess I believe in a free market, and therefore talk about protectionism does always give me a bit of an allergic reaction, however, there is a really important ethical debate to be had around all of this and I think that;s a combination of academia and government and business and the populous at large to agree some parameters. But government protectionism, I don’t feel that’s the right place, certainly for this country to go to.

Q: So you’d rather there be more just discussions around it at this stage.

I think that’s the way to go.

Q: Overall, then, could AI conversely end up creating more jobs?

So I think that there will be new roles that will be created and clearly technology is a threat to some existing roles, but at the same time, technology is an opportunity. So a lot of mundane jobs can move to being much more exciting and interesting jobs. And that’s the opportunity, I think, that AI creates.

Enter your email address to receive updates straight to your inbox

* indicates required
Send me news on...
twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

Editor's picks

David Brown, VE

Ex-CEO of Ve Interactive under investigation for fraud
posted 2 hours ago

paddle team

EXCLUSIVE: E-commerce firm Paddle merges with DevMate in ‘seven figure’ deal
posted 4 hours ago

CalumSmeaton

Calum Smeaton, CEO of TVSquared, on growing a successful UK AdTech firm and raising $12.5m
posted 6 hours ago

diversity uk vc

Research spotlights lack of women in UK venture capital industry
posted 8 hours ago

Labour’s Manifesto: what does it mean for UK tech?
posted 10 hours ago

Theresa May

UK startups predict difficult times ahead following EU tech funding freeze
posted on May 22, 2017