Eric Schmidt says AI could cut 20% of jobs at large companies
Photo: Crypto Briefing
The former Google CEO argues automation will target coordination and middle-management roles first, and prediction market traders appear to agree Eric Schmidt ran Google as CEO for nearly a decade. By his own account, a huge chunk of that time went to meetings rather than to inventing the next Gmail. Now he thinks artificial intelligence could erase much of that work. He also thinks it could erase the jobs of many people who do it. Speaking on the “In Good Company” podcast, Schmidt said large companies could see workforce reductions of around 20% as AI automates administrative and management tasks.
Source: Crypto Briefing
