theguardian_business

The AI jobs apocalypse probably isn’t coming anytime soon

📰 source: theguardian_business · 💼 business

anthropic, the company behind claude, published a report in march analyzing ai's impact on employment. despite previous warnings from co-founder amodei that ai could wipe out half of entry-level jobs in 1-5 years, the report found no systematic increase in unemployment for highly exposed workers since late 2022. claude currently covers only 33% of computer and math tasks, far from the theoretical 100%. productivity growth has been slower than during the 1990s tech boom. even sam altman now doubts a jobs apocalypse. an o-ring argument suggests ai's imperfections increase the value of remaining human tasks. but adoption is rising quickly, and some experts still expect major disruption. political opposition is growing — 7 in 10 americans oppose ai datacenters in their area due to energy demands. the international energy agency projects datacenter power demand will more than double by 2030. profitability is uncertain; daron acemoglu notes ai companies are losing hundreds of billions annually. the grand promise of ai may face economic limits.

why it matters: ai's job-killing potential remains unproven, but high costs and political backlash threaten its economic viability.

source: theguardian_business
sentiment: +0.20 · impact: 0.40

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