The fingerprints of artificial intelligence are all over mass layoffs and downsizing at Meta, Amazon, Salesforce, YouTube and other major companies, raising fears of an AI-fueled jobs wipeout for white-collar workers.
AI may hurt demand for office workers, but there’s reason for hope, Goldman Sachs CEO David Solomon believes. The dynamic American workforce will evolve, as it has in the past, Solomon told CNN during a sit-down interview.
Solomon, speaking from the sidelines of the Goldman Sachs 10,000 Small Businesses Summit in Washington, cited the disruption caused by the invention in the late 1700s of the steam engine, which helped fuel the first industrial revolution.
“There will be disruption. But I’m a big believer that our economy is very nimble, very flexible. And when you look at the technology that has flooded over hundreds of years into our society, we adapt,” Solomon said.
Continue Reading on CNN
This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.