From: jeffrey E. <[email protected]> Sent: Tuesday, May 31, 2016 11:16 AM To: Sh. Fahad Bin Hamad In 1998, Kodak had 170,000 employees and sold 85% of all photo pap=r worldwide. Within just a few years, their business model =isappeared and they went bankrupt. What happened to =odak will happen in a lot of industries in the next 10 year - and=most people don't see it coming. Did you think in 1998 that 3 Yet digital cameras were invented in 1975. The first ones only had 10,000=C24> pixels, but followed Moore's law. So as with all exponential =echnologies, it was a disappointment for a long time, before it b=came way superior and got mainstream in only a few short years. 1= will now happen with Artificial Intelligence, health, autonomous=and electric cars, education, 3D printing, agriculture and jobs. =elcome to the 4th Industrial Revolution. Welcome to the Exponenti=l Age. Software will disrupt most traditional industries in t=e next 5-10 years. Uber is just a software tool, they don'=t own any cars, and are now the biggest taxi company in the world= Airbnb is now the biggest hotel company in the world, although t=ey don't own any properties. Artificial Intelligence: Com=uters become exponentially better in understanding the world. Thi= year, a computer beat the best Go player in the world, 10 years =arlier than expected. In the US, young lawyers already don't =et jobs. Because of IBM Watson, you can get legal advice (so far =or more or less basic stuff) within seconds, with 90% accuracy co=pared with 70% accuracy when done by humans. So if you study law, stop4o=A0 immediately. There will be 90% less lawyers in the future, only0=A0 specialists will remain. Watson already helps nurses diagnosing canc=r, 4 time more accurate than human nurses. Facebook now has a pat=ern recognition software that can recognize faces better than hum=ns. In 2030, computers will become more intelligent than humans.=C2* Autonomous cars: In 2018 the first