Venture capitalist Vinod Khosla predicts that within the next five years, AI will be capable of performing 80% of economically valuable jobs, leading to a significant transformation in industries.
Khosla anticipates unprecedented disruptions starting in 2030, with changes so profound that it is challenging to foresee the outcomes. By 2040, he envisions a society moving towards an 'era of abundance' where work becomes optional rather than a necessity.
Khosla foresees a higher rate of large company failures in the 2030s due to the rapid pace of technological advancements, stating that Fortune 500 companies will be more vulnerable than ever before.
Despite concerns about potential negative impacts, Khosla believes that increased productivity from AI and other technologies will generate sufficient goods and services for society, though he acknowledges the need for changes in the social contract and value distribution.