AI and the impending job shock: Paul Tudor Jones warns

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While AI tools such as ChatGPT and Gemini are driving productivity to unprecedented heights, hedge fund legend Paul Tudor Jones warns of a dark downside: massive job losses.

In his essay, he describes AI as “the greatest economic disruption since the Industrial Revolution” – with the potential to render entire professions obsolete in record time. Millions of jobs could disappear before societies have time to put safety nets in place. Jones draws a parallel to the 2008 financial crisis, when decision-makers underestimated the risks of complex financial products.

Today, the same blindness toward AI threatens to repeat itself. For the AI community, this means that those who see AI solely as a growth engine are ignoring the social upheavals that could destroy innovation.

Why it matters: AI could redistribute wealth – but without regulation and adaptation, it could also trigger a “technological unemployment crisis.” Now is the time to act.

Source:

🔗 https://time.com/7297582/ai-safety-risks-paul-tudor-jones-essay/

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