A Chinese billionaire has said that the world’s best CEO will be a robot within the next 30 years. Jack Ma, the 52-year-old founder of Alibaba – the world’s largest retail platform – warned that robots will bring ‘far more pain than happiness’ in the next three decades.
But he added that artificial intelligence will ultimately improve our everyday lives. China’s second richest man warned that robots rule over the world’s biggest companies within 30 years.
Ma, who is worth £22.8 billion ($28.4 billion), said that advances in technology will render CEOs irrelevant within the next 30 years.
‘In 30 years, a robot will likely be on the cover of Time Magazine as the best CEO,’ Ma said in a speech at an entrepreneurship conference in central China. Robots will get the top jobs because they are ‘quicker and more rational’.