Ray Dalio: Within a year, AI will revolutionize our lives.

Legendary investment guru believes that AI will disrupt human daily life and major changes will occur as early as next year.

Ray Dalio, the founder of hedge fund firm Bridgewater, recently stated at an event that AI will soon become a "major disruptive force" in all of our lives - bringing both positive changes and negative impacts.

Dalio said at the 2023 Fast Company Innovation Festival that AI technology will help people make significant progress in productivity, education, healthcare, and may even lead to a three-day work week.

However, on the other hand, Dalio also pointed out that AI may bring negative impacts, such as "job destruction," which could become a reason for employees and legislators to support or slow down the development of AI.

Dalio added:

"All these changes will happen in the next five years. I don't mean five years from now. I mean, you will see changes next year... The second year, the changes will be even greater. Everything will change at a very fast pace."

In fact, the situation has already changed.

After the launch of ChatGPT in November 2022, it quickly exceeded the expectations of most people, passing the MBA exam at the Wharton School and reportedly helping a Thai man win the lottery. All of this happened in less than a year.

However, the destruction of jobs may have already begun. The Alliance of Motion Picture and Television Producers (AMPTP) is lobbying production companies to replace some actors with AI, causing strong dissatisfaction in the industry and leading to a historic strike in the US film and television industry. Over 100,000 actors are demanding higher wages and refusing to be replaced by AI. Currently, the AMPTP has made concessions on key issues, including AI replacement.

The phenomenon of AI taking away jobs may soon spread to other industries. According to a survey released by online education platform edX on Tuesday, 49% of US CEOs and executives said that the skills of their current employees will no longer be valuable by 2025.

In the same survey, executives said they have been struggling to recruit employees who understand AI, with 87% of them finding it difficult. But this may also open a window of opportunity for employees to learn and apply AI skills to earn extra income.

Susan Gonzales, CEO of the nonprofit organization AIandYou, said in July to the media:

"There are many online learning positions that can help someone understand how AI works, and this understanding can then help someone become an AI mentor or provide AI training to the next generation."

Gonzales said that almost everyone, from entrepreneurs and freelancers to full-time office workers, can benefit from learning more about AI.