Billionaire Says Smarter Tech Will Destroy Jobs At a Record Clip

Jeff Greene is worried—very worried—about the negative impact smarter technology is having on carbon-based life forms. That means you and me. Greene, who made his billions investing in real estate—and betting against sub-prime mortgages—said the burgeoning use of artificial intelligence (also known as machine learning) is already costing people jobs. And things are only going to get worse. “Artificial intelligence, software, computers, and robots are taking over the workplace, and what will happen more and more is the American worker is going to be marginalized,”,” Greene said during an appearance on CNBC SquawkBox Thursday. “The American worker is going to be producing a product which has no value.” This is a bad thing not just for the woebegone workers individually, but society as a whole. Fewer people with money means…


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