Ray Dalio: Either you learn coding, or you are replaced by AI

Credit: Finance Jane

AI and automation are transforming how businesses communicate with their clients and execute their operations.

What does this mean?

It means robots and AI can replace humans in many industries.

For example, in a recent Fortune article, an AI expert says automation could replace 40% of jobs in 15 years.

These jobs may include customer service executives, bookkeeping and data entry, receptionists, proofreading, manufacturing and pharmaceutical work, retail services, courier services, doctors, soldiers, taxi and bus drivers, market research analysts, and security guards.

In this video, Ray Dalio talks about how AI can influence the financial industry. He believes many jobs in the industry can be replaced by AI, and the only way to avoid this is to learn coding.

He suggests that people either learn to code and use AI to make better decisions or are replaced by AI. Therefore, coding is a new literacy that everyone should master.