Hey there, folks! It’s your friendly Financial Freedom Guy, and today, I’ve got something exciting to discuss. We’re diving headfirst into the world of Artificial Intelligence (AI) and what it means for your financial future. It’s a game-changer you won’t want to ignore!
AI vs. Einstein: A Comparison of Intelligence
First, let’s tackle the central question: the intelligence of AI. Some estimates place AI’s IQ at an impressive 160 across all fields of expertise.
To put this into perspective, even the brilliant Albert Einstein had an IQ of approximately 150, but only in specific fields, such as physics. Now, envision the possibilities when AI reaches a “kindergarten development level!”
The Rise of Personal AI
Imagine a world where AI personalities emerge like your beloved superheroes. It won’t be a single, unified system; it will be an entire AI universe.
Each individual will have their very own personal AI, capable of handling tasks and safeguarding us against lurking cybersecurity threats posed by other AI entities. Social media, software applications, companies, communities, and even entire nations will have private and public AI.
And, naturally, there will be public AI, like our trusted companion ChatGPT, all coexisting within this AI-powered ecosystem, each with its version of a personality.
The Future of Work: A Profound Transformation
Now, let’s delve into the reality of the situation.
Get ready for a seismic shift because AI is poised to redefine employment. Similar to how robots in factories and warehouses permanently replaced numerous jobs, AI is set to eliminate an astounding 70-80% of the tasks that people currently perform on their computers. This includes professionals such as lawyers, architects, accountants, scientists, and engineers.
If your work involves a keyboard, AI is on track to automate most of your tasks.
However, don’t lose hope just yet. The “when” might be a point of contention because humans slow down technology integration. Humans still play a significant role in work processes and outcomes. Nevertheless, this is changing. AI is growing more self-sufficient, gradually reducing human involvement.
The tipping point?
When AI machines start collaborating, surpassing human capabilities. At that moment, progress will accelerate beyond human comprehension.
The 10-20% Who Will Thrive
This is where you come into the picture. In this new AI-driven world, a select group—approximately 10-20%—will thrive. These individuals will possess the highly sought-after “last-mile” skills, excelling at delivering results and mastering human-to-human communication. Their effectiveness will soar to unprecedented levels.
The Outlook for the Remaining 80%
Now, let’s address the pivotal question: What will happen to the remaining 80% of us?
Well, my business partner, John, and I have some ideas. We’re envisioning the “rise of hobby life.”
Consider this: with AI taking care of most work tasks, people will have more time to pursue personal passions and interests. It’s an opportunity to rediscover what truly drives us, to find social engagement and purpose beyond the conventional 9-to-5 grind.
The Integration of the AI Super Brain and Robotics
Boston Dynamics, for instance, already has robots capable of working in complex environments, from construction sites to office settings. These robots are stronger and more agile than humans and don’t require rest or deal with human complications.
The AI super brain will increasingly introduce robots into various fields. In your workplace, it’s easy to imagine a team of skilled workers where three out of five members are robots. If you’re skeptical, just Google Boston Dynamics.
Financial Freedom in the Age of AI
So, there you have it – the future is AI (potentially integrated with robots), and it’s approaching rapidly.
However, remember that you can ride the wave of change toward financial freedom with the right mindset and a touch of creativity. What does your business look like three years from now?
What Steps Are You Taking to Lead the Way?
I have some suggestions on how you can take the lead, including the concept of a 90-day sprint, “Curiosity Teams.” What initiatives are you pursuing to lead the way?