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No one can agree on whether AI is taking away jobs.
Recent studies have shown AI having a positive impact on job growth and opportunities, yet large groups of economists, as well as labor activists, warn that the emerging technology threatens to quickly transform the financial system, and that action must be taken now.
Tech companies, especially large ones, have continued to cull jobs during the AI boom. Microsoft laid off nearly 5,000 people in early July as it continues to pour billions into AI data centers. The layoffs added to earlier downsizing by the software giant and moves by companies that include Amazon and Oracle to shed thousands of people in the last two years.
But whether AI is directly leading to job cuts has been difficult to measure, and the picture is blurred by corporate whiplash: CEOs blame AI for layoffs one month, then hail it as an engine for new job creation the next. Even recently, some of the largest companies, such as Google parent Alphabet, have Read Entire Article
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