How will artificial intelligence impact Bangladesh economy on the long run?

[Zeeshan]

Let's Quora this here ******. (That's my inner Chow talking.)

I am genuinely curious how will use of AI impact our wealth/employment in the long run? Obviously it is taking toll here on people's lives, but creeped into garments sector. But on the flip side we will get autonomous before you know it Eagle Eye running our election and what not.

The price will be unemployment and pathos like predicted here. I wonder what others sector utilize these kinda tools/machine/softwares...

Also, since creative people will flourish, I also wonder how much will demand grow for Aarong-like products and traditional handcraft.

[Zeeshan]

Good read.

http://www.fintechbd.com/the-ai-pote...in-bangladesh/

[godzilla]

I am assuming the same that will happen in western countries, loss of employements. But will open up doors for new opportunities.

[Zeeshan]

Originally Posted by godzilla
I am assuming the same that will happen in western countries, loss of employements. But will open up doors for new opportunities.

Apparently there is a term for this. For your morning reading pleasure Godzilla:

https://en.wikipedia.org/wiki/Techno...l_unemployment

[One World]

I was watching explained documentary series in Netflix, and there was this one small 10s part where it was showing how an AI sewing machine changed the productivity of regular garments in geometric proportions. Number of industries (guess in China) already using it cutting huge amount of workers and work-hours, boosting profit and also allowing delivering garments at a lower price than other competitors.

Since, garments is the backbone of our economic upturn availability of such AI-based machines will definitely hit hard the local buying power of populace right above impoverish index.

Remember this is just a tip of the iceberg. Soon more solutions will replace other areas within the production line.

[godzilla]

Originally Posted by Zeeshan
Apparently there is a term for this. For your morning reading pleasure Godzilla:

https://en.wikipedia.org/wiki/Techno...l_unemployment

Ah, would you look at that, technological unemployment is actually a real term.

[R0ssei]

“The development of full artificial intelligence could spell the end of the human race.” - Stephen Hawking

[R0ssei]

Another interesting YT video, focused on Bangladesh (except the half-baked MIT prof)

[Zeeshan]

lmao at the captcha video....hahaah