AI's Impact on White-Collar Jobs and Investment Returns

The CEO of Amazon Web Services predicts that AI will change half of white-collar jobs, though not eliminate them entirely. Meanwhile, Schroders Capital CIO emphasizes that AI's primary focus is on investment returns, not headcount reductions.

24 Jun, 17:19 — 24 Jun, 17:19

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Business InsiderMostly Factual2d ago

Amazon Web Services CEO says half of white-collar jobs may 'change' due to AI — but it won't be a 'wipe-out'

Amazon Web Services CEO Matt Garman says AI will create jobs. Noah Berger/Getty Images for Amazon Web Services Amazon Web Services CEO Matt Garman argued AI will transform, not eliminate, jobs. Garman said half of white-collar jobs "may change" because of AI, but it won't be a "wipe out." He also emphasized the value of entry-level employees as Amazon hires over 11,000 software interns. Doomsday predictions about AI and jobs are massively overblown, according to Amazon chief Matt Garman. On...

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Coverage Timeline

First report: Yahoo · 24 Jun, 11:46|Full coverage: 2 · 6h|Window: 6h

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Yahoo24 Jun, 11:46First to report

Schroders Capital CIO: AI is about returns, not headcounts

6h later

Business Insider24 Jun, 17:19Latest update

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AI's Impact on White-Collar Jobs and Investment Returns

Sources

Amazon Web Services CEO says half of white-collar jobs may 'change' due to AI — but it won't be a 'wipe-out'

Coverage Timeline

Schroders Capital CIO: AI is about returns, not headcounts

Amazon Web Services CEO says half of white-collar jobs may 'change' due to AI — but it won't be a 'wipe-out'

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