Concerns that AI will wreak havoc on industry are deepening as the adoption of the untested, futuristic technology continues apace – economists say it was responsible for 7% of U.S. planned layoffs in January.
Concerns about the disruptive impact of Artificial Intelligence (AI) are growing as the rapid adoption of this largely unproven technology accelerates. Economists at Goldman Sachs estimate that AI accounted for 7% of planned layoffs in the United States in January.
Since October last year, numerous global companies have announced planned job cuts linked directly to the adoption of AI, including Amazon, set to axe 16,000 roles, and Hewlett-Packard, which says it will cut 4,000-6,000 staff positions by fiscal 2028.
