Microsoft Says AI Will Lead To Job Losses, Invests $80 Billion In The Tech

Microsoft Says AI Will Lead To Job Losses, Invests $80 Billion In The Tech https://ift.tt/7LnzeNG

Microsoft has doubled down on its plan to invest $80 billion into artificial technologies in 2025, while at the same time admitting that advancements to the technology will lead to job losses. This was always expected to be the case in some sectors, but Microsoft is now coming out and saying it directly.

In a blog post, Microsoft president Brad Smith said, "AI, like all new technologies, will disrupt the economy and displace some jobs." Electronic Arts CEO Andrew Wilson has said the same thing. Smith, like Wilson before him, went on to say that, although AI might take some jobs, it will create new ones as well and that the "opportunities" from AI "outweigh many of the challenges ahead."

"If used well, AI will help lower the barriers to entry for many professions, replace rote tasks, and create a foundation for human creativity that builds on AI tools. AI will create new economic opportunities, allowing entrepreneurs to start new businesses and create new jobs. Along the way, AI can boost productivity in every sector of the economy, adding to the country's opportunity for economic growth," Smith said.

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