SMRTR AIMay 11, 2025PYMNTS

Senator Grills OpenAI CEO on View that AI Could Eliminate Up to 70% of Jobs

SMRTR summary

AI's impact on jobs is a growing concern. OpenAI CEO Sam Altman faced scrutiny over a private comment suggesting AI could replace up to 70% of jobs, emphasizing the rapid pace of this technological revolution. IBM and Duolingo have already cut jobs due to AI automation, though IBM is also hiring in other areas. The World Economic Forum predicts a net gain of 78 million jobs by 2030 from AI, contingent on adequate reskilling. This shift is sparking discussions about workforce adaptation and managing the transition.

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