tech
Apollo's chief economist says he sees 'zero evidence' of AI-related job losses, even as CEOs cite the tech in layoffs
Apollo Global Management's chief economist Torsten Sløk says the AI boom is creating more human jobs, not eradicating them.
TL;DR
- Apollo's chief economist, Torsten Sløk, sees zero evidence of job losses caused by AI.
- Companies are hiring AI implementation experts, increasing demand for AI skills.
- The AI spending boom is putting upward pressure on salaries, equipment prices, and energy.
- Sløk believes AI will increase both productivity and employment, citing the Jevons paradox.
- Several major companies have cited AI as a reason for recent layoffs, which some AI leaders call 'AI washing'.