AI is changing work faster than the data can keep up

Fortune · Sebastian Herrera ● Covered by 2 sources

Studies conflict on whether AI is eliminating jobs, with some research showing employment growth at high-intensity AI-adopting firms while others warn of displacement ahead. A Ramp study of 21,000 U.S. firms found companies most aggressively using AI expanded staff by 10% over two years, though the bottom two-thirds of adopters saw no growth. Economists and AI leaders are calling for policy action now to manage potential large-scale job displacement within the next decade, while some CEOs have backed away from earlier doomsday predictions about workforce automation.

Why it matters

Recent studies have shown AI having a positive impact on job growth, yet economists and labor activists warn that the emerging technology threatens to quickly transform the financial system.