Kevin Hassett, director of the White House National Economic Council, on Monday dismissed the negative impact of artificial intelligence on jobs, saying emerging technologies will not displace anyone’s jobs at this point.
“There’s no indication in the data right now that AI is taking anyone’s job, but we’re studying the future of AI and what it means for the workforce, and we have a large task force on that,” Hassett said on CNBC’s “Squawk Box.”
Hassett’s comments come amid a wave of layoffs by technology companies. Amazon, Meta and oracle Some companies have announced layoffs, and some are emphasizing the role of AI in automating tasks and increasing productivity through reduced headcount.
block announced in February that it would lay off about 4,000 employees, cutting its workforce by almost half.
“As our business accelerates, we are choosing to change the way we operate, and we see an opportunity to move faster with smaller, better teams to leverage AI to automate more work,” Block CFO Amrita Ahuja said in the announcement.
