Top economists signed this digital letter, We Must Act Now
Eric Schmidt, the former CEO of Google, Reid Hoffman, entrepreneur and venture capitalist, and top economics sign digital letter warning the public about AI.
The signers ask for "guardrails" to be placed on transformative AI technology. They recognize that AI could bring risks and "large-scale job displacement."
The statement was posted on the Stanford Digital Economy Lab website.
Anthropic CEO Dario Amodei has predicted AI will replace fifty percent of entry level white color jobs in the next five years.
National University estimates that 300 million jobs could be lost due to AI, with at least 50 million of them being entry level jobs.
While this is particularly troublesome for young job seekers looking for their first job, it is also troublesome for companies who will not be able to recruit talent