Venture capitalist Hemant Taneja sees a huge problem looming for America. Technology is increasingly taking over jobs that were once done by people. As this trend accelerates, there will be fewer and fewer people who need to work.
But at the same time, we are living a lot longer. And while ideas like a universal basic stipend might take care of paying all of those people who no longer have to work — what will they do with their days? Work gives our lives meaning as much as it fills our wallets. Are we destined to be sloths who simply consumer entertainment like the dystopian vision laid out in the movie Wall-E or the book Ready Player One?
Taneja thinks we can do better.
“Are we creating a world of technology that replaces human potential or are we unleashing human potential?” asked Taneja. “What do we want to be as a society?”
Taneja, a managing director at General Catalyst Partners, discussed these issue with CALinnovates Chief Evangelist Kish Rajan during an interview for the A Step Ahead podcast. Taneja believes that technology needs to work harder to include humans in the equation or risk cutting them out altogether. That means thinking about solutions to the unintended consequences of technology before we are faced with them as a society. Social platforms, he argued, should have seen the risk of something like fake news coming and gotten out in front of the problem in a responsible way.
“The right thing would be for the innovation sector to think about responsible innovation and for large tech platforms to handle their power with care and algorithmic accountability,” said Taneja.
If not, the government will eventually come in and impose regulations on the industry that could stifle innovation. Taneja believe that now is the time for Silicon Valley to take a hard look inward and decide how it can innovate more responsibly going forward.
Listen to the rest of the interview here:
Like what you hear? Subscribe to A Step Ahead on iTunes.