– 2,000 Workers Gone: Klarna Is First Major Company To Unleash Mass Layoffs Thanks To AI:
Last March, when the world was just learning about the AI crazy that would send markets to bubbly, nosebleed levels, we quoted a report by Goldman’s chief economist Jan Hatzius who used data on occupational tasks in both the US and Europe, to find that “roughly two-thirds of current jobs are exposed to some degree of AI automation, and that generative AI could substitute up to one-fourth of current work. Extrapolating our estimates globally suggests that generative AI could expose the equivalent of 300 million full-time jobs to automation” as up to “two thirds of occupations could be partially automated by AI.”
Translation: one-third of a billion layoffs (at least) in the US and Europe, or as we put it, “Think of it as the robotization of the service sector.“
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