Robots may replace humans in 10 years

• Image Credit: Virendra Saklani/Gulf News
• NAT_140211_GOV SUMMIT PETER DIAMANDIS 11FEB2014 NEWS Dr Peter Diamandis, co founder of Singularity University and founder of X-Prize, speaking at a session ?The World in 2050? on the second day of The Government Summit at Madinat Jumeirah, in Dubai on Tuesday. PHOTO: Virendra Saklani/Gulf News

Dubai: More than 50 per cent of jobs are expected to be lost to artificial intelligence and robots in the next 10 years, said an expert at The Government Summit who shared his insight on the future.

“The world is no longer changing every 100 years,” said Dr Peter Diamandis, Co-Founder of Singularity University and Founder of the X-Prize during a session titled ‘The World in 2050’. “It is changing year by year.”

Because of the fast rate of change, companies and individuals should not have a local and linear way of thinking towards the future, he said.

“When the inventor of the digital camera approached Kodak, they turned him down as they had a linear way of thinking and so did not know that his invention was the key to the future of photography,” Diamandis said. “Kodak eventually announced its bankruptcy in 2012.”