00:00 21 January 2016
By 2025, the world will enter an era of advanced robotics, artificial intelligence and gene editing, experts that were surveyed by the World Economic Forum have claimed. They added that things that are under the science fiction category today, which include implantable mobile phones, 3D-printed organs for transplant, and clothes and reading-glasses connected to the Internet, will become scientific fact in about 10 years.
More than 50per cent of those who were surveyed also said that artificial intelligence machine would be sitting on a corporate board of directors within the next decade.
Experts also expect that by that time, “fourth industrial revolution” will be realised and will bring faster cycles of innovation, posing huge challenges to companies, workers, governments and societies alike. Although this will result in cheaper goods and services, it may also lead to mass unemployment and further breaking down of already strained trust between corporations and populations.
Satya Nadella, chief executive of Microsoft, said: "There is an economic surplus that is going to be created as a result of this fourth industrial revolution,"
"The question is how evenly will it be spread between countries, between people in different economic strata and also different parts of the economy."