It took over a decade for people to understand the ethical effects of nuclear weapons, and there will be a similar process for AI. It may take a decade to establish AI ethics: AI can be applied to any complex system - including those involved in cyber-war or other military applications.We can address this through education and entrepreneurship. Middle- and working-class jobs are disappearing: The class composition of the job market is shifting as it polarises between high-skilled and low-skilled jobs.There's no data to suggest that there'll be mass unemployment: Schmidt points out that in order to believe in mass unemployment stemming from automation, you need to think that this time is different. Computers are already almost at human levels in vision, text, images and speech: There will be a flurry of short-term gains in repetitive operations which can be automated through pattern-matching.Our CEO, Rajeeb Dey MBE, sat down with Eric Schmidt at the World Economic Forum Global Shapers Hub event in Oxford to discuss the fears and expectations around artificial intelligence and its role in the Fourth Industrial Revolution. He's responsible for developing technology that could reshape professions and infrastructure, which means that he's thought about questions of social change and AI ethics with a sense of urgency few of us have.

He is not a bystander as most of us are, but is actively developing these changes - Alphabet is, he says, AI-first in the same way it was and still is mobile-first. As Former Executive Chairman of Alphabet, Google's parent company, Eric Schmidt has a unique perspective on the changes that AI, machine learning and neural nets might wreak or bestow on the economy and society.

Blitzscaling eric schmidt