CEO Says AI Will Replace So Many Jobs That It'll Cause a Major Recession
Briefly

Sebastian Siemiatkowski, CEO of Klarna, underlined the inevitable job losses in white-collar sectors due to AI adoption. He expressed concerns about short-term implications such as economic recession, stating the current trend towards job loss is undeniable. His own efforts to replace human workers with AI have faced challenges, with lower performance quality noted in AI compared to human employees. However, he maintains optimism about AI's eventual advancement, prompted by interest from other CEOs aiming for efficiency.
On that part, unfortunately, he may be right: we've been careening headlong towards a recession for a while now, and unemployment rates - affected, no doubt, by AI-obsessed CEOs like Siemiatkowski laying people off in droves - are a huge factor.
I feel like I have an email almost every day from some CEO of a tech or a large company that says we also see opportunities to become more efficient and we would like to compare notes.
Read at Futurism
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