00:00Quote, my concern with AI is actually existential.
00:03An existential risk is defined as many, many, many, many people harmed or killed.
00:09Unquote.
00:10That's former Google CEO Eric Schmidt telling the Wall Street Journal's CEO Council his thoughts on artificial intelligence.
00:17Schmidt doesn't buy into the idea that AI could take over jobs and lead to catastrophic employment loss.
00:23Quote, when it comes to AI, the net benefit will likely be positive because of enhanced efficiency
00:28and the technology's ability to replace professions that are already getting harder to fill in a shrinking labor market.
00:35Unquote.
00:36Fortune reports Schmidt also told the audience he's concerned about the effects of the developing world's declining birth rate.
00:44Quote, literally too many jobs and not enough people for at least the next 30 years.
00:49Unquote.
00:50He said.
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