PYMNTS.com December 13, 2023
Since technical automations first started scaling across 18th century textile industries, innovations have created jobs.
Typically, the substitution of machines, like 19th century agricultural harvesters or the sewing machine, for human labor results in more jobs being created than jobs replaced: a net positive.
That’s because technical innovations themselves are features, not bugs, of a healthy, functioning economy where the doors are open to progress and development.
And now, add to that historical growth pattern the emerging substitution of 21st century innovations like machine learning (ML) and artificial intelligence (AI) within previously manual workflows.
The generative AI industry is expected to grow to $1.3 trillion by 2032, and is projected at the same time to give back...
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