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Big tech companies form new consortium to allay fears of AI job takeovers

AI might not be coming for all jobs, but it might be coming for some.

UPS’s largest layoff in its 116-year history was the result of, in part, new technologies including AI, CEO Carol Tomé said during an earnings call in February. Meanwhile, IBM plans to pause hiring for roles it thinks could soon be automated by AI, CEO Arvind Krishna told Bloomberg last year.

Workers aren’t optimistic about the future. In a recent survey from McKinsey, 25% of business professionals said that they expect their employer to lay off staff as a result of AI adoption. And, well, their pessimism isn’t misplaced. According to one estimate, around 4,000 workers have lost their jobs to AI since May. And in a poll from Beautiful.ai, which makes AI-powered presentation software, nearly half of managers said that they’re hoping to replace workers with AI.

https://techcrunch.com/202...
02:51 PM - Apr 04, 2024 (UTC)

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