Idealab’s Bill Gross thinks AI could help launch 1 million new businesses, making up for any job losses it causes

There’s been a lot of concern, understandably, about AI eliminating jobs. So far, the great job apocalypse hasn’t shown up. But there are hints out there that jobs are getting harder to find and that AI is part of the reason. Bloomberg reported this week that banks in the U.K. are slashing back-office jobs, thanks in part to AI Anthropic unveiled data showing that as it has deployed AI throughout its fast-growing organization, who it hires has shifted. Far fewer junior employees are being hired in technical roles than previously.

Source: Fortune Crypto