Overview

• Anthropic CEO Dario Amodei cautions that rapid AI advances may wipe out 50% of entry-level office roles within five years, risking a 10–20% jump in unemployment.
• Nvidia’s Jensen Huang emphasizes that employees who master AI tools will outcompete peers rather than AI itself causing layoffs.
• Major tech firms including Microsoft, Google and CrowdStrike have cut thousands of positions and paused junior hiring as they deploy AI-powered productivity tools.
• Unemployment among recent college graduates has climbed to 5.8%, with finance and computer science fields hardest hit by accelerating automation.
• Policymakers and industry figures have proposed measures such as a 3% AI “token tax” on model revenue and formal legislative briefings to fund retraining programs.