AI & Tech
Professor Claims AI Job Apocalypse Predictions Are Mostly Bullshit and Fundraising
Diary of a CEO
Scott Galloway: AI Wasn’t Built For You. The Rich Don’t Need You Anymore!
"I think it's mostly bullshit and catastrophizing and a means of fundraising. Every technology in history goes through a similar arc. There's some catastrophizing, there's some job loss. That increase in productivity results in additional margin, new business opportunities, and employment growth. I don't see any reason why this would be any different. And I think that catastrophizing and talking about this massive destruction in jobs is a way of saying or justifying the massive investments these companies want enterprises to make in their companies."
Galloway dismisses CEO predictions of mass AI-driven unemployment as marketing tactics to justify massive valuations and investments. He points to current employment data showing unemployment at 4.5% and rising job listings for radiologists and coders as evidence that the predicted job apocalypse hasn't materialized, arguing AI will create more jobs than it destroys.
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Diary of a CEO