Singapore's Deputy Prime Minister: Be prepared for disruption and AI will not cause jobs to disappear

On June 7, Singapore’s Deputy Prime Minister and Finance Minister Lawrence Wong said that new technologies, including artificial intelligence, will disrupt the labor market, but will not completely eliminate job opportunities.

He said at the Asia Tech x Singapore Summit on Tuesday that science and technology can actually increase human productivity and create more job opportunities.

Lawrence Wong said: "I don't think we will eventually face a future without jobs, a future where machines replace all human jobs and people will feel uneasy because technology can replace jobs." "Blue-collar and white-collar workers "The nature of work" will change, he also warned, "the pace of change will accelerate and the scale of disruptive change will increase over time."

He added: "Technology can also allow us to execute Other tasks will be more efficient, which will create new positions and new employment opportunities."

After its launch in November last year, the chatbot ChatGPT quickly became popular on the Internet, and artificial intelligence also became a hot word in the business world. This artificial intelligence technology-driven chatbot can automatically generate human-like responses to user questions. Just two months after its launch, the number of users reached 100 million.

Some researchers and analysts even believe that artificial intelligence could lead to human extinction and replace jobs.

Industry experts who hold this view include Sam Altman, CEO of ChatGPT developer OpenAI, as well as experts from Google’s artificial intelligence unit DeepMind and Microsoft Executives. They called for global priorities on how to reduce the risks associated with artificial intelligence. According to reports, Gita Gopinath, First Vice President of the International Monetary Fund (IMF), also warned that there will be "massive disruption" in the labor market and that generative artificial intelligence will bring "very large" risks. She also called on governments to develop regulations to govern the technology.

Huang Xuncai said that in the face of the disruptive changes that artificial intelligence will bring, people need to learn to adjust and adapt. “This is bound to cause anxiety for those who are less able to adjust and adapt. We all have to do more to help our employees improve their skills so they can remain competitive and resilient in an increasingly digital world. Behind the times."

Lawrence Wong believes, "We cannot let the market solve this problem on its own, nor can we say that this is only the employer's responsibility."

He added that regulators need to work on matching people with jobs and Provide "comprehensive support" in skills training. Lawrence Wong said: "This requires coordination and proactiveness by the government, industry and skills training institutions." Responsible and consistent with international principles.

Singapore will continue to work with the AI ​​industry on pilot projects and promote the development of AI testing standards, he added.

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