Billionaire OpenAI investor Vinod Khosla says he thinks today's 5-year-olds probably won't need a job

"It's pretty unlikely a five-year-old today will be looking for a job. The need to work will go away. People will still work on the things they want to work on, not because they need to work. Rapid advances in AI and robotics will make most labor effectively free within 15 years, creating an era of extreme abundance and lower prices."

"Referring to manual labor jobs like assembly-line roles and farm work, Khosla said, 'Those are not jobs. Those are servitude.' He argues that AI will eliminate the need for people to perform these types of labor-intensive positions."

"Khosla, the founder of Khosla Ventures, has built a reputation for making bold, well-timed technology bets. He was the first institutional investor in OpenAI in 2019, investing $50 million at a $1 billion valuation - the largest initial investment of his career at the time."

Vinod Khosla, billionaire venture capitalist and OpenAI's first institutional investor, predicts artificial intelligence will handle approximately 80% of jobs by the early 2030s. He argues that rapid advances in AI and robotics will make labor effectively free within 15 years, creating extreme abundance and lower prices. Khosla envisions a future where people no longer need to work for survival but can pursue activities they genuinely want to do. He characterizes current manual labor jobs as servitude rather than meaningful employment. This prediction aligns with similar warnings from other Silicon Valley executives, including statements that software engineering roles may disappear and entry-level office positions could be eliminated. Khosla frames AI development as a critical competition between the United States and China.

Read at Business Insider