Concerns Over AI-Driven Job Losses and Impact on Society

Monday, 12 August 2024, 07:07

Oaktree Capital Management's CEO has emphasized that the rise of artificial intelligence may lead to significant job losses, potentially causing social unrest. He noted the urgency of addressing this issue as it poses one of the biggest risks to the economy. The warning highlights the need for stakeholders to implement strategies that mitigate the repercussions of AI on employment.
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Concerns Over AI-Driven Job Losses and Impact on Society

AI and Job Security Concerns

The CEO of Oaktree Capital Management, a prominent investment firm based in Los Angeles, has voiced serious concerns about the implications of artificial intelligence on the labor market. He remarked that AI could lead to millions of job losses, which may trigger social unrest.

The Biggest Risk

In his interview with Bloomberg News, he stated that AI represents the biggest risk currently facing society, urging immediate attention to prevent potential fallout.

Urgent Need for Solutions

To address this impending challenge, it is crucial for stakeholders across different sectors to work together and develop effective strategies that can help manage the transition and ensure job security for affected workers.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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