{"id":215997,"date":"2025-12-05T01:23:09","date_gmt":"2025-12-05T01:23:09","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/215997\/"},"modified":"2025-12-05T01:23:09","modified_gmt":"2025-12-05T01:23:09","slug":"ais-rise-stirs-excitement-sparks-job-worries","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/215997\/","title":{"rendered":"AI&#8217;s rise stirs excitement, sparks job worries"},"content":{"rendered":"<ul data-testid=\"Summary\" class=\"summary-module__summary__QjADA\">\n<li data-testid=\"Body\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf summary-module__point__UgXPz\">AI&#8217;s impact on job growth and work transformation discussed at Reuters NEXT<\/li>\n<li data-testid=\"Body\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf summary-module__point__UgXPz\">Concerns over AI&#8217;s role in job displacement and energy consumption<\/li>\n<li data-testid=\"Body\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf summary-module__point__UgXPz\">Media industry fears AI could replace creative talent, media executive Redstone says<\/li>\n<\/ul>\n<p>NEW YORK, Dec 4 (Reuters) &#8211; Panelists at the Reuters NEXT conference in New York sidestepped concerns about an artificial intelligence bubble, focusing instead on the transformative effects of AI and how it may upend work and job growth.<\/p>\n<p>Artificial intelligence represents the biggest technological upheaval to the world economy since the rise of the internet a quarter-century ago. It has brought trillions of dollars of investment and dizzying stock-market gains, but also a shortage of <a data-testid=\"Link\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/world\/china\/ai-frenzy-is-driving-new-global-supply-chain-crisis-2025-12-03\/\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC\" rel=\"nofollow noopener\" target=\"_blank\">memory chips<\/a>, <a data-testid=\"Link\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/sustainability\/boards-policy-regulation\/eu-considering-interim-measures-against-meta-eu-antitrust-chief-says-2025-12-04\/\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC\" rel=\"nofollow noopener\" target=\"_blank\">regulatory scrutiny<\/a>, and rising anxiety about job displacement.<\/p>\n<p data-testid=\"promo-box\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf article-body-module__promo-box__hVl8h\"> Sign up  <a data-testid=\"Link\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/business\/media-telecom\/ais-rise-stirs-excitement-sparks-job-worries-2025-12-04\/undefined?location=article-paragraph&amp;redirectUrl=%2Fbusiness%2Fmedia-telecom%2Fais-rise-stirs-excitement-sparks-job-worries-2025-12-04%2F\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC\" rel=\"nofollow noopener\" target=\"_blank\">here.<\/a><\/p>\n<p>The numbers are eye-popping. In the first half of 2025, AI-related capital expenditures contributed more to GDP growth than the consumer, according to JP Morgan Asset Management. Investment advisory Bespoke Investment Group recently estimated about one-third of the rise in global market cap since the introduction of AI assistant ChatGPT comes from 28 AI-related companies.<\/p>\n<p>Corporate executives at Reuters NEXT on Wednesday and Thursday largely focused on how AI would transform work, though some talked about the threat to jobs. &#8220;All (of our customers) are focused on slowing headcount growth,&#8221; said May Habib, CEO and co-founder of AI startup Writer. &#8220;This has happened just in the last few weeks. You close a customer, you get on the phone with the CEO to kick off the project, and it&#8217;s like, &#8216;Great, how soon can I whack 30% of my team?'&#8221;<\/p>\n<p>SAP <a data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/markets\/companies\/SAPG.DE\" rel=\"noopener nofollow\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">(SAPG.DE), opens new tab<\/a> CEO Christian Klein said that at a recent company town hall, the top question from employees was how their jobs would be impacted by AI. &#8220;We are rolling out AI across the company, even my general counsel, my legal department, is not secure, something that you can do more efficiently with AI,&#8221; he said.FEARS OF JOB UPHEAVALThe fears about job displacement brought on by the AI boom are backed by a U.S. Federal Reserve report noting data and surveys that say artificial intelligence is already replacing entry-level positions and causing companies to trim hiring plans. An August Reuters\/Ipsos <a data-testid=\"Link\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/world\/us\/americans-fear-ai-permanently-displacing-workers-reutersipsos-poll-finds-2025-08-19\/\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC\" rel=\"nofollow noopener\" target=\"_blank\">poll<\/a> showed 71% were concerned AI will be &#8220;putting too many people out of work permanently.&#8221;<\/p>\n<p>Striking a more optimistic tone that became one theme of the Reuters NEXT conference, economist Joseph Lavorgna, counselor to the U.S. Treasury secretary, said the focus should be on how the technology could enhance labor rather than replace it. \u201cAI is an incredible tool that I think is complementary to the existing workforce,\u201d he said. \u201cWe need policies that are going to encourage businesses to invest, and AI is a complement to it.\u201d<\/p>\n<p>Nevertheless, employment data is hard to ignore. Recent college graduates have seen a sharp rise in unemployment, with a current jobless rate of 9.5% for those between 20 and 24 with a bachelor&#8217;s degree, according to the U.S. Labor Department, compared with the nation&#8217;s 4.4% rate.<\/p>\n<p>Joe Depa, EY chief innovation officer, likened the changes to previous tech upheavals like the development of the internet, but \u201cthe difference this time is that the disruption is faster.\u201d Depa said \u201cadaptability is the new job security,\u201d with his biggest worry around the middle-management class.<\/p>\n<p>Tracey Franklin, Moderna&#8217;s <a data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/markets\/companies\/MRNA.O\" rel=\"noopener nofollow\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">(MRNA.O), opens new tab<\/a> chief people and digital technology officer, said what has changed is how companies are starting to evaluate employment needs in tandem with technological needs, rather than separately.<\/p>\n<p>\u201cWe&#8217;re pooling teams together and really looking at, what is their IT portfolio, what is their human capital strategy, how do we pull that together to meet their business objectives. So we&#8217;re having these integrated conversations we didn&#8217;t have before,\u201d she said.<\/p>\n<p>SKEPTICISM AND WORRYThe Reuters\/Ipsos poll also showed 61% worried about increased electricity consumption from data centers, which is only set to grow. Jeff Schultz, senior vice president of portfolio strategy at Cisco Systems <a data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/markets\/companies\/CSCO.O\" rel=\"noopener nofollow\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">(CSCO.O), opens new tab<\/a>, noted the infrastructure to run AI and the chips needed already consume a lot of power, and that network traffic needed for agentic AI is much higher and steadier than sporadic demand from AI chatbots.<\/p>\n<p>Schultz, asked about AI bubble concerns, said the massive investments into the technology were warranted, given the opportunity.<\/p>\n<p>But backlash is growing to the energy-hogging data center clusters that have contributed to rising utility prices. It is evident in places like <a data-testid=\"Link\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/technology\/big-techs-data-center-boom-poses-new-risk-us-grid-operators-2025-03-19\/\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC\" rel=\"nofollow noopener\" target=\"_blank\">Virginia<\/a> and <a data-testid=\"Link\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/business\/retail-consumer\/trumps-push-more-ai-data-centers-faces-backlash-his-own-voters-2025-12-01\/\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC\" rel=\"nofollow noopener\" target=\"_blank\">Pennsylvania<\/a>, even among supporters of President Donald Trump, who has championed AI development and is considering ways to <a data-testid=\"Link\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/business\/urgent-trump-considering-executive-order-preempt-state-ai-laws-2025-11-19\/\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC\" rel=\"nofollow noopener\" target=\"_blank\">restrict state-level regulations<\/a>.<\/p>\n<p>There was notable trepidation among speakers at Reuters NEXT from the media and creative industries, due to concern that AI-generated content could replace the creative work of writers or actors.<\/p>\n<p>\u201cWhen it comes to talent, there is a lot of controversy whether it&#8217;s acting, whether it&#8217;s music, et cetera, and that&#8217;s where I think we really need to be very aggressive in protecting creative talent and making sure that they are not replaced,\u201d said media executive Shari Redstone.<\/p>\n<p>Sarah Jessica Parker, the longtime star of TV series \u201cSex and the City,\u201d said she thinks people still value the tactile human experience \u2013 citing the unpredictability and spontaneity of performance.<\/p>\n<p>\u201cWe\u2019re still &#8211; the majority of us &#8211; are relying on the human exchange,\u201d Parker told Reuters editor-in-chief Alessandra Galloni. \u201cEven on film, even though I know there&#8217;s so much now that you can fix and make prettier or tighter or better, there&#8217;s still this human element when we talk about the movies we love \u2026 I\u2019m not sure that AI will be able to replicate that live nerve.\u201d<\/p>\n<p>Read full coverage of Reuters NEXT <a data-testid=\"Link\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/world\/reuters-next\/\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC\" rel=\"nofollow noopener\" target=\"_blank\">here<\/a>.<\/p>\n<p data-testid=\"SignOff\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__extra_small__8Buss body-module__full_width__kCIGb body-module__extra_small_body__Bfz20 sign-off-module__text__LQAMP\">Reporting by David Gaffen, Jeffrey Dastin, Andrea Shalal, Krystal Hu, Dawn Chmielewski, Kritika Lamba, Deborah Sophia, Harshita Varghese and Juby Babu; Writing by David Gaffen; Editing by Rod Nickel and Matthew Lewis<\/p>\n<p data-testid=\"Body\" dir=\"ltr\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf article-body-module__element__5eCce article-body-module__trust-badge__5mS3f\">Our Standards: <a data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.thomsonreuters.com\/en\/about-us\/trust-principles.html\" rel=\"noopener nofollow\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__small__sph8i link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">The Thomson Reuters Trust Principles., opens new tab<\/a><\/p>\n<p><a href=\"https:\/\/www.reutersagency.com\/en\/licensereuterscontent\/?utm_medium=rcom-article-media&amp;utm_campaign=rcom-rcp-lead\" target=\"_blank\" dir=\"ltr\" class=\"button-module__link__A3sD0 button-module__secondary__70gBu button-module__round__QDFgq button-module__w_auto__Sem-F\" data-testid=\"LicenceContentButton\" rel=\"nofollow noopener\">Purchase Licensing Rights<\/a><a data-testid=\"AuthorBioImageLink\" class=\"author-bio-module__author-image__jcaG3\" href=\"https:\/\/www.reuters.com\/authors\/jeffrey-dastin\/\" referrerpolicy=\"no-referrer-when-downgrade\" tabindex=\"-1\" rel=\"nofollow noopener\" target=\"_blank\"><\/a><\/p>\n<p data-testid=\"Body\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__extra_small__8Buss body-module__base__o--Cl body-module__extra_small_body__Bfz20 author-bio-module__description__9ynkB\">Jeffrey Dastin is a correspondent for Reuters based in San Francisco, where he reports on the technology industry and artificial intelligence. He joined Reuters in 2014, originally writing about airlines and travel from the New York bureau. Dastin graduated from Yale University with a degree in history.<br \/>\nHe was part of a team that examined lobbying by Amazon.com around the world, for which he won a SOPA Award in 2022. <\/p>\n","protected":false},"excerpt":{"rendered":"AI&#8217;s impact on job growth and work transformation discussed at Reuters NEXT Concerns over AI&#8217;s role in job&hellip;\n","protected":false},"author":2,"featured_media":215998,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[261],"tags":[291,82519,82793,289,290,117232,84892,82517,82500,82995,82996,84110,82525,82530,84146,82528,82531,82529,83116,18,55396,82520,82522,32356,45748,88226,83117,94682,87209,87211,19,17,82797,84435,3503,83122,88835,93734,96155,82565,82524,82507,2765,88229,85212,17827,82510,83002,110812,117231,102513,88230,96152,116437,82512,88028,84106,82801,753,82,82999,30150,82534,87203,88231,96595,88232,82533,107,112957,82518],"class_list":{"0":"post-215997","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-amers","10":"tag-arti","11":"tag-artificial-intelligence","12":"tag-artificialintelligence","13":"tag-bioph","14":"tag-ccos","15":"tag-ceeu","16":"tag-cmpny","17":"tag-coms","18":"tag-coms1","19":"tag-cycs","20":"tag-de","21":"tag-destocabsm","22":"tag-destortao","23":"tag-destoukbsm","24":"tag-destousbsm","25":"tag-destoustcm","26":"tag-eco","27":"tag-eire","28":"tag-emea","29":"tag-europ","30":"tag-ezc","31":"tag-fin","32":"tag-gen","33":"tag-genhlt","34":"tag-govact","35":"tag-govadm","36":"tag-hea","37":"tag-heca","38":"tag-ie","39":"tag-ireland","40":"tag-itec","41":"tag-itse","42":"tag-job","43":"tag-mce","44":"tag-mdia","45":"tag-mlaisv","46":"tag-mrch","47":"tag-mtpix","48":"tag-namer","49":"tag-news1","50":"tag-phar","51":"tag-phmr","52":"tag-plcy","53":"tag-pub","54":"tag-publ","55":"tag-pxp","56":"tag-rhpiapprovals","57":"tag-rhpibiopharma","58":"tag-rhpiemployee-health","59":"tag-rhpipublic-health","60":"tag-rhpiregulatory","61":"tag-rsum","62":"tag-sci","63":"tag-sofent","64":"tag-sofw","65":"tag-swit","66":"tag-tech","67":"tag-technology","68":"tag-teeq","69":"tag-tmt","70":"tag-topcmb","71":"tag-topicpharma-healthcare-business-health","72":"tag-topicpharma-healthcare-consumer-health","73":"tag-topicpharma-healthcare-healthcare-innovation","74":"tag-topicpharma-healthcare-policy-regulation","75":"tag-topnws","76":"tag-us","77":"tag-vaccin","78":"tag-weu"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/215997","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=215997"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/215997\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/215998"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=215997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=215997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=215997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}