Reid Hoffman explains the impact of AI on job market

LinkedIn co-founder Reid Hoffman, who sold his product to Microsoft in 2016, explored the multifaceted impact of artificial intelligence, highlighting its capacity to disrupt conventional job markets and provide ways for worker training and adaption.

On Thursday, Hoffman spoke with Fortune about the impact of AI on the job market. While Hoffman acknowledged that AI will lead to the disappearance of certain jobs, Hoffman emphasized that AI will have a positive impact on employment.

Elon Musk, who is pushing for a zero-winter for artificial intelligence, sees no possibility of a snowstorm, even as he continues to push the envelope of artificial intelligence.

The need for reskilling individuals, matching them to new job opportunities, and using AI technology to facilitate the transition was highlighted, he said.

There will be some jobs that will disappear, and navigating all that s really important, both as CEOs and societies. How do you reskill people? AI is an answer to all of those things. Hoffman said he wants to use the technology to help make the transition.

In an effort to increase the popularity of AI, exemplified by OpenAI's chatGPT, Microsoft and Alphabet Inc. GOOG GOOGL have triggered an AI arms race among top tech companies, such as Microsoft and Alphabet Inc.

However, managers, including OpenAI CEO Sam Altman, have voiced concerns about the potential job losses resulting from AI advancements.

In March 2023, tech website CNET reported that many employees were laid off after news surfaced that the site used AI to generate articles.

BT Group, Britain's largest telecom provider, plans to slash about 55,000 jobs by 2030, with about 10,000 roles reportedly being replaced by AI, Reuters reported.

Inflection AI, a startup founded by Google DeepMind co-founder Mustafa Suleyman and LinkedIn co-creator Hoffman, unveiled its new AI chatbot named Pi earlier this month. The chatbot is designed to provide users with personal interactions and emotional support, some of which is rather distinctive from existing chatbots like OpenAI s chatGPT, Google Bard and Microsoft Bing AI.

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