AI And The Next Evolution

Multinational corporations have always used technology to lower their dependence on and the cost of human labor.

It began with the Ford Motor Company’s mass assembly line and continued as Apple and Microsoft revolutionized the modern workforce. Do more with less, is the corporate mantra. And artificial Intelligence is simply the next evolution. But this technology wields power great enough to annihilate entire sectors of the human workforce.

Remember, labor is the greatest cost for nearly all public companies. And if that labor can be automated, it’s game over.

Artificial intelligence presents the greatest potential cost savings for corporations in the history of mankind. The financial return to stockholders by way of increased profits will only widen the chasm between the rich and poor. It always boils down to stockholder return. But this time, the social cost will be immeasurable.