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Bloomberg Talks
Google UK President Talk Artificial Intelligence
Feb 12, 2024
Matt Brittin, President of EMEA Business for Google UK, discusses AI threat detection and job cuts. He also explores the potential economic growth and job shifts in Europe due to AI development.
06:02
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Quick takeaways
- AI implementation can lead to 1.2 trillion euros of economic growth in Europe, despite job shifts or disappearances.
- European governments and tech companies are collaborating to create regulations for AI development, which has transformative potential in various fields.
Deep dives
The Importance of Retraining for the Future of AI
One of the main concerns with the advancement of artificial intelligence (AI) is the potential loss of jobs. However, Google's President of Business and Operations in Europe, Middle East, and Africa, Matt, emphasizes the need to ensure that nobody is left behind by AI. He highlights the estimate of 1.2 trillion euros of economic growth in Europe if AI is well implemented. While some jobs may shift or disappear, there will also be the emergence of new industries. To address this, Google is launching an initiative with 25 million euros to provide AI training and support retraining efforts. They have already trained 12 million Europeans in digital skills and plan to reach out to those most vulnerable or in underserved communities.
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