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Billionaire Worried by AI, Unemployment and Social Warfare

Multi-Billionaire Johann Rupert, CEO of luxury giant Richemont, speaking at the Financial Times Business of Luxury Summit in 2015, takes a stance against the growing wealth gap calling it 'unfair' and 'unsustainable' and urges people to read the books "Robots Will Steal Your Job" and "Humans Need Not Apply".  He expresses his concern that the next wave of unemployment brought by Artificial intelligence and automation is going to cause social rejection from the majority of the world suffering while so few live well.

Full talk by Rupert: