Skip to content
Saturday 25 July 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE
City PM

European business, markets and politics

FTSE 100
10,736.23
+0.91%
DAX
25,099.00
+1.36%
CAC 40
8,372.28
+0.88%
STOXX 50
6,280.94
+1.14%
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
More
GermanyFranceBankingAIEnergyFintechPropertyCapital Markets
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
  • DE
Wednesday 06 June 2018 11:40 am

Artificial intelligence will dominate every aspect of our lives, but it won’t replace us

By: Paul Ormerod

Add as a preferred source on Google

Guess which of the 964 jobs listed in the widely used Occupational Information Network online database is the least susceptible to replacement by artificial intelligence (AI).

The unsurprising answer is that of “massage therapist”.

This is one of the findings of a paper in the latest issue of the American Economic Review by Erik Brynjolfsson and colleagues at MIT’s Sloan School of Management.

But, while this answer might seem obvious, the study itself is a serious and innovative attempt to analyse the potential impact of AI on occupations across the economy.

A key point is that AI technology itself is going through a period of revolutionary progress.

The success of Google’s Deep Mind team in defeating the world champion at the immensely complex game of Go received wide publicity.

Unlike the algorithms which vanquished chess some years previously, the latest AlphaGo programme – improved since its annihilation of the Go champion less than two years ago – does not simply rely on pure computing power to outperform humans. The algorithm starts by knowing absolutely nothing about the game. It becomes stronger by playing against itself and learning as it goes along.

In short, it teaches itself, remembering both its mistakes and its successes. This type of algorithm is very new, and is known as deep learning. The programmes automatically improve their performance at a task through experience.

Brynjolfsson and colleagues regard this as so significant that they describe deep learning as a “general purpose technology” (GPT).

GPTs are technologies which become pervasive throughout the economy, improve over time, and generate further innovations which are complementary.

Historically, they are few and far between. Steam and electricity are examples. If they disappeared tomorrow, we would rapidly be driven back to the living standard which existed several centuries ago.

Deep learning will take years – or even several decades – before anything like its full effects are realised. But we will then look back and find that it is just as hard to imagine a world without deep learning as it is a world without electricity.

What will that look like? The authors analyse 2,069 work activities and 18,156 tasks in the 964 occupations. From this, they build “suitability for machine learning” (SML) measures for labour inputs in the US economy. They find that most occupations in most industries have at least some tasks that are SML. Pretty obvious. But few, if any, occupations have all tasks that are SML.

This latter point certainly is surprising – and from it the MIT team derives a positive message: very few jobs can be fully automated using this new technology.

A fundamental shift is needed in the debate about the effects of AI on work. Instead of the common concerns about the full automation of many jobs and pervasive occupational replacement, we should be thinking about the redesign of jobs and reengineering of business processes.

Economics is often described as the dismal science. But Brynjolfsson’s paper certainly provides very positive food for thought.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Tech

Trending Articles

  • BT braces for loss of 800,000 customers as it banks on fibre to keep turnaround ‘on track’

  • Wise denied US banking licence in blow to expansion plans

  • Regulator flags BDO’s ‘unacceptable’ audit issues for fifth year in a row 

  • Housebuilder hits a wall: How did Vistry become the UK’s most shorted stock?

  • Greek wine perfectly suits summer. These 5 bottles are the best

More from City PM

  • Ciauru Wins the Second Edition of the Reply AI Music Contest, the International Competition Dedicated to Experimentation Across AI, Music and Live Performance

    Business Wire
  • What every dealmaker should know about the limits of general-purpose AI tools

    Partner
    DealCentre Connect platform launch event showcasing business leaders and technology innovations.
  • Fresha Explores The Future of AI in Couture and Selfcare with Iris van Herpen Backstage at Paris Haute Couture Week

    Business Wire
  • Qumis Launches the Industry’s First Attorney-Certified AI Agents for Commercial Insurance Coverage

    Business Wire
  • ‘Extremely dangerous’: AI warfare much bigger threat than LLM model advances, experts warn

    AI
    Swarm of AI-powered drones flying over a city skyline, symbolizing modern warfare and autonomous technology.
  • Crown Prosecution Service caught using AI hallucination evidence

    AI
    Chicago Public Schools building exterior with students entering, reflecting urban education theme in a news article context.
  • FCA eyes tougher AI rules as Brits turn to chatbots for financial advice

    AI
    An all-party parliamentary group said on Tuesday that the FCA's treatment of both internal and external whistleblowers was “alarming”.
  • Experian accelerates AI-first experiences with ServiceNow AI Platform

    Business Wire
CityPM

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Business

  • Markets
  • Banking
  • Technology
  • Energy
  • Property
  • Fintech

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About City PM
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 City PM Ltd · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook