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AI's Impact on Jobs Remains Unclear

fortune.com1 min brief

In brief

  • Microsoft laid off nearly 5,000 people in early July as it continues to pour billions into AI data centers.
  • Large tech companies have been cutting jobs during the AI boom, with Amazon and Oracle also shedding thousands of people in the last two years.
    • This has led to concerns that AI is taking away jobs, but recent studies have shown that AI can have a positive impact on job growth and opportunities.
  • Some companies that invested in AI have seen their headcount grow, with one study finding that high-intensity AI adopters expanded their staff by 10% over two years.
  • The future of work will likely be shaped by how companies choose to use AI.

Read full story at fortune.com

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