‘Population collapse’ makes AI productivity gains vital, says top Meta executive
Alex Schultz tells FT’s Future of AI summit that falling birth rates mean AI will be needed to support dwindling numbers of people
TL;DR
- Meta's Chief Data Officer, Alex Schultz, stated that AI-driven productivity gains are crucial due to anticipated population collapse.
- He highlighted concerns about supporting the elderly and making the most of a diminishing global population.
- Schultz noted that AI is already accelerating jobs for software engineers and saving time for lawyers.
- Within Meta, AI is automating tasks for software engineers, with over 10% of data warehouse alerts resolved by agents without human input.
- He admitted that not all AI use leads to productivity gains, with less than half of his team using it effectively.
- Schultz pushed back against fears of AI causing unemployment, stating it changes jobs and can create new ones.