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AI will create long-term ‘job disruptions,’ CEO of Big Four firm says
Despite artificial intelligence's growing prevalence in work and personal life, KPMG's CEO is optimistic that the U.S. economy can absorb what will be a "shock" to markets.
"I think in the long term, there will be job disruption, no doubt about it, KPMG CEO Paul Knopp told FOX Business’ Maria Bartiromo, Tuesday, from the World Economic Forum in Davos, Switzerland. "That same study said that these individuals [who] took the survey, that they weren't that worried about job disruption, they thought that their mental health would actually improve," he added, "meaning that more mundane tasks might be automated, allowing them to do more valuable things in their work." Also chiming in on the " Mornings with Maria" conversation in Davos, International Monetary Fund managing director Kristalina Georgieva raised labor concerns that jobs may "disappear" with the rise of A.I.
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