TECH - Cathie Wood's Ark Invest Director Answers Whether AI Will Take All Of Our Jobs — Compares Tech With Ford's 1913 Assembly Line Invention | Benzinga
Frank Downing, the director of Research for Next Generation Internet at Cathie Wood-led Ark Investment Management, addressed concerns about the impact of artificial intelligence on employment.
What Happened: In a video posted on social media on Wednesday, Downing responded to the question, “Will Generative AI take all of our jobs?”
He drew a parallel between generative AI and the assembly line, a pivotal innovation in 1913 by Ford Motor Co. Downing said that the introduction of the assembly line led to a reduction in the average workweek and an increase in GDP per capita, rather than mass unemployment.
He then suggested that generative AI could be seen as an assembly line. “In ...