Deutsche Bank CEO suggests robots could replace half the company’s 97,000 employees

John Cryan, CEO of Deutsche Bank (Thomas Lohnes | Getty Images)

 

Some very smart people say that robots are going to steal your job.

Researchers at Oxford University estimate that 47 percent of U.S. jobs could be replaced by robots, automated technology and automated intelligence (AI) within the next 20 years. Jeff Hesse, PwC principal and U.S. people and organization co-leader, tells CNBC Make It, “The displacement is already beginning to happen.”

Elon Musk told the National Governors Association, “There certainly will be job disruption. Because what’s going to happen is robots will be able to do everything better than us.” Musk even went so far as to say that “AI is a fundamental risk to the existence of human civilization.”

China’s Getting Ready to Turn on Asia’s Biggest Warship

By April 2015, about a year after its public debut, the Type 055 cruiser mockup in Wuhan has a new coat of PLAN gray, as well as installation of the ESM mast. Scaffolding on the farside of the bridge module suggests that progress is being made on installing the Type 346 radar.

 

 

A landlocked test rig for the Type 055 Cruiser nears completion

…

The Type 055 cruiser test rig made its Internet debut in March 2014 on Chinese websites. With a projected length of 160 to 180 meters, judging from the test rig’s 140 to 150 meter length (which does not include the entire helicopter landing pad nor bow forward of the turret), and a width of about 21 to 23 meters, it would displace about 12,000 to 14,000 tons. That would make the Type 055 cruiser the largest Asian surface warship since World War II’s Japanese Tone class heavy cruisers.