The CEO of a top AI startup gave a stark warning about the tech's impact on the labor market
Briefly

A federal court ruled that President Trump overstepped his authority with certain tariffs, leading to an appeal from the federal government. Meanwhile, in the tech sector, Anthropic's CEO Dario Amodei warned that AI could eliminate half of entry-level white-collar jobs, pushing unemployment rates to 20% in five years. This raising alarm about AI's potential impact on the labor market diverges from initial expectations of human-AI collaboration. Companies are actively seeking ways to replace labor with AI, reflecting a shift towards efficiency amidst economic uncertainty.
AI could eliminate half of all entry-level white-collar jobs and push unemployment to as high as 20% within the next five years.
Anthropic CEO Dario Amodei mentioned the responsibility to be honest about the upcoming impact of AI on the workforce.
Retool's CEO highlighted the growing demand for AI to replace labor, indicating a serious shift in workforce dynamics.
AI's role was initially envisioned as supercharging human efficiency, but economic pressures are now pushing firms toward automation.
Read at Business Insider
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