Kai-Fu Lee, founder of Sinovation Ventures, discussed the future of artificial intelligence with CNBC.
Robots are likely to replace 50 percent of all jobs, according to Kai-Fu Lee, founder of venture capital firm Sinovation Ventures and a top voice on tech in China.
Artificial intelligence (AI) is the wave of the future, the influential technologist told CNBC, calling it the « singular thing that will be larger than all of human tech revolutions added together, including electricity, [the] industrial revolution, internet, mobile internet — because AI is pervasive. »
« It is the decision engine that will replace people, » Lee said, adding that AI capabilities far exceed those of humanity.
For example, he said, companies in which his firm has invested can accomplish feats such as recognizing 3 million faces at the same time, or dispersing loans in eight seconds.
« These are things that are superhuman, and we think this will be in every industry, will probably replace 50 percent of human jobs, create a huge amount of wealth for mankind and wipe out poverty, » Lee said.
Lee’s views on technology are widely followed in part because he previously headed Google China before founding his venture capital firm.
