Digital Sky Technology CEO and he is also Facebook, Twitter Investor says about the future of Internet . He says the value and speed of the internet will be growing 10 times in the next 20years . "If you want to make an investment, you have to make a compromise". Russian Billionare gave an interview at Tech Crunch Disrupt SF 2017
He says about the 5 companies Facebook, Google, Amazon, Alibaba and Tencent are increasing their revenue around $350 billion in the last 10 years ago will increase to $3.5 trillion in the next 20 years.
He compares with the last 10 years ago , Five companies occupies about 70 percent of the value of $350 billion. He predicts about the future 10 years forward, then also five companies occupy roughly 70 percent of the value. The companies names might be changing .
According to his theory penetration of consumer spending is 6 percent at present after 20 years it will be more than 20 percent. Some industries will continue and try to expand in the 2 decades and it is a conservative investment he said .
Also Read : Elon Musk Predicts Artificial Intelligence Can Trigger World War III
Milner said on the Disrupt stage. "[Our predictions] don't assume any revolutionary developments, like flying cars. What we are assuming is more of the same."
“If you try to break down the 6 percent today it will turn out to be 10 percent in goods and only 2.5 percent in services,” Milner said. “Our prediction is the goods part will go from 10 percent to 35 percent and services will go from 2.5 percent to 10 percent. The average will be this 20 percent, and 20 years is a long time
Milner says his vision about AI , Instead of consuming jobs and leaving people behind, AI will end up shifting the working population to jobs that are more suited to humans than robots do excellent " will go straight to them.
He shared his optimistic view about jobs many have lot of fear that they are lot of jobs eliminated as technology is increasing day to day . If we look back in the last few hundred years ago technology is been increasing . What I believe will happen is that many people will just be doing different things.
Also Read : Windows 10 Insider Build 16291 Released, Now Your Phone Can Push Links To Your PC
He says about the 5 companies Facebook, Google, Amazon, Alibaba and Tencent are increasing their revenue around $350 billion in the last 10 years ago will increase to $3.5 trillion in the next 20 years.
He compares with the last 10 years ago , Five companies occupies about 70 percent of the value of $350 billion. He predicts about the future 10 years forward, then also five companies occupy roughly 70 percent of the value. The companies names might be changing .
According to his theory penetration of consumer spending is 6 percent at present after 20 years it will be more than 20 percent. Some industries will continue and try to expand in the 2 decades and it is a conservative investment he said .
Also Read : Elon Musk Predicts Artificial Intelligence Can Trigger World War III
“If you try to break down the 6 percent today it will turn out to be 10 percent in goods and only 2.5 percent in services,” Milner said. “Our prediction is the goods part will go from 10 percent to 35 percent and services will go from 2.5 percent to 10 percent. The average will be this 20 percent, and 20 years is a long time
Milner says his vision about AI , Instead of consuming jobs and leaving people behind, AI will end up shifting the working population to jobs that are more suited to humans than robots do excellent " will go straight to them.
He shared his optimistic view about jobs many have lot of fear that they are lot of jobs eliminated as technology is increasing day to day . If we look back in the last few hundred years ago technology is been increasing . What I believe will happen is that many people will just be doing different things.
Also Read : Windows 10 Insider Build 16291 Released, Now Your Phone Can Push Links To Your PC
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