Speaking on-stage at the company’s recent AI World conference, Oracle co-founder Larry Ellison declared AI could eventually make everyone “healthier and wealthier”.

Apparently unfazed by the technology’s impacts on humanity, Ellison does acknowledge that governments need to have a shift in mindset to adapt to this new future.

In a Q&A during the conference’s hotly anticipated final keynote, Ellison outlined a future where AI systems and robots could dramatically reduce the cost of goods and services. But rather than accepting the suggestion that AI would end up replacing us all, he argued that the technology would ultimately serve to make us more productive, allowing workers to achieve things that simply weren’t possible before.

AI won’t replace us, but it will change the economics of work in a lasting way

“I think that’s kind of nonsensical,” Ellison said about predictions that AI will eventually replace everyone.

The multi-billionaire accepted AI and automation will inevitably displace some jobs, pointing toward rideshare services in a hint to ongoing approval of driverless cars in Las Vegas and other cities.

But he also stressed not all jobs would be impacted equally, revealing his pilot qualifications on-stage and stressing that autopilot hasn’t replaced human pilots despite being a decades-old technology.

Although humans will continue to play supervisory roles in many industries (we’re already seeing human knowledge worker roles evolve into AI agent managers in some cases), Ellison argued that the overall benefits would be positive, providing governments get involved to support the humans they represent.

https://www.techradar.com/pro/oracle-co-founder-larry-ellison-thinks-ai-could-make-us-all-rich-through-a-universal-high-income-but-governments-will-need-to-change?shem=aimgspe,