The People Who Build AI Just Admitted It Will Cut Jobs At Scale

The People Who Build AI Just Admitted It Will Cut Jobs At Scale

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Giant robot flicking tiny man. Ai technologies and unemployment problem concept. Vector illustration. getty The builders of artificial intelligence have made AI job displacement and AI workforce disruption much harder to ignore over the last week. The warning was not given by critics, unions or policy groups. The warnings were from the builders. In just…

Thousands of CEOs just admitted AI had no impact on employment or productivity—and it has economists resurrecting a paradox from 40 years ago

Thousands of CEOs just admitted AI had no impact on employment or productivity—and it has economists resurrecting a paradox from 40 years ago

Byadmin

In 1987, economist and Nobel laureate Robert Solow made a stark observation about the stalling evolution of the Information Age: Following the advent of transistors, microprocessors, integrated circuits, and memory chips of the 1960s, economists and companies expected these new technologies to disrupt workplaces and result in a surge of productivity. Instead, productivity growth slowed,…