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The head of Scale AI told Semafor World Economy that AI would not cause an employment “apocalypse,” saying many companies are only using the tech as an excuse for layoffs. US Sen. Mark Warner, though, said rapid AI advancements are a “hair on fire” moment, adding that CEOs are publicly downplaying the scale of the job cuts they are considering.
The CEO of Indeed and Recruit Holdings said he doesn’t think unemployment will become uncontrollable because there are “so many open positions” in blue-collar industries like construction and plumbing. But that creates a labor market gap and a subsequent need for “re-skilling as a whole society.”
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