AI will ‘destroy employment in some areas,’ but could bring long-term benefits: Goldman Sachs economist ...Middle East

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AI will ‘destroy employment in some areas,’ but could bring long-term benefits: Goldman Sachs economist
source : The Hill ( Middle East ) () 136
Goldman Sachs chief economist Jan Hatzius offered a stark prediction for the impact that artificial intelligence could have on some job sectors, noting he is “confident” the technology will benefit economic growth over time. When asked last week by CNN’s Matt Egan if he sees AI as a job “creator” or “killer,” Hatzius said, “Well, I see it has a productivity enhancer. It will destroy employment in some areas; I mean, there will be parts of the labor markets where tasks can be replaced to a degree.” “But then you will also find other ways of innovating and creating more jobs somewhere else,” he noted. “I mean, this is the story of economic growth and innovation for hundreds of years t

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