4,000 US Jobs Lost in May Due to AI, 300M More Predicted Globally

AI Chat: ChatGPT & AI News, Artificial Intelligence, OpenAI, Machine Learning

In this episode of the podcast, we delve into the tangible impacts of AI on employment, as evidenced by recent data from Challenger, Gray & Christmas which attributes nearly 4,000 job losses last month in the US alone to AI. The situation appears dire, with US employers announcing more than 80,000 layoffs in May - a 20% uptick from the previous month and a staggering 287% increase year over year, with 5% of these cuts directly resulting from AI.

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