Menu

Post image 1
Post image 2
Post image 3
1 / 3
0

Apollo chief economist says there's no evidence AI is taking human jobs

All Content from Business Insider·Lauren Edmonds·about 14 hours ago
#wLDbwTOe
Reading 0:00
15s threshold

Apollo's chief economist says he sees 'zero evidence' of AI-related job losses, even as CEOs cite the tech in layoffs Torsten Sløk is the chief economist at Apollo Global Management. Bloomberg/Bloomberg via Getty Images Anyone worried that AI will replace them should take a deep breath, at least according to Apollo Global Management's chief economist. In a blog post on Friday, Torsten Sløk said there is "zero evidence of job losses because of AI," citing the ADP National Employment Report. Instead, he said, companies are hiring candidates who have AI skills. "Many firms are hiring AI implementation experts, and the data center buildout is putting upward pressure on salaries for AI experts and on prices of semiconductors, equipment, and energy," Sløk said. "The bottom line is that the AI spending boom is stoking both employment and inflation." Sløk echoed that sentiment in an April blog post , writing that "cheaper inputs don't shrink industries.…

Continue reading — create a free account

Join HashtagPLUS to read full articles, follow hashtags, vote, and join the conversation.

Read More