Brian Moynihan isn’t so worried about an AI jobs bloodbath, pointing to a 1960s theory that computers would end all management roles

There’s a fair amount of hand-wringing over how much damage artificial intelligence will inflict on the jobs market: Fed chairman Jerome Powell is keeping a close eye on it, Anthropic’s CEO Dario Amodei reckons about 50% of entry-level white collar jobs will be eliminated, and the “Godfather of AI” Geoffrey Hinton predicts it will cause massive unemployment.It’s perhaps no surprise, then, that a study from Pew Research last year showed approximately half of workers (52%) are worried about the future impact ...