With productivity falling in Australia and AI developments advancing, could the technology be the answer to boosting output, or will it cause more job losses?
"We do have plans in the next six to 12 months to move more into the AI and the machine learning, but for now, we've just been looking at the automation, which has allowed us to save a significant number of hours."
"Then [the staff] are able to start reviewing it pretty much straight away, so it's freed them up quite considerably in that process." "Today, 60 per cent of us are doing jobs that didn't even exist in 1940," he said in a recent video presentation.Research by Statista found while AI could lead to the creation of 69 million more jobs worldwide, it could also result in 83 million job losses.Analysing data from IBM, it found three-quarters of companies worldwide were looking to adopt AI technologies into their workplaces in the next five years.
But at the same time, 65 per cent of workers said they would willingly hand over some of their more menial tasks to AI. Microsoft research suggests bosses believe AI will increase productivity more than it will reduce the number of employees they have.
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