
MIT Study: AI Could Replace Nearly 12% of US Jobs Now
A new MIT study using a massive 'digital twin' of the U.S. economy finds that current AI is capable of replacing nearly 12% of the American workforce.
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Aaron Hayes is a business and technology analyst for Neurozzio, reporting on corporate strategy, labor market trends, and the economic impact of artificial intelligence on the global workforce.

A new MIT study using a massive 'digital twin' of the U.S. economy finds that current AI is capable of replacing nearly 12% of the American workforce.
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HP Inc. announced plans to cut 4,000 to 6,000 jobs by fiscal 2028, streamlining operations and integrating AI to boost productivity and achieve $1 billion in savings.
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A new report from the McKinsey Global Institute suggests 40% of American jobs could be replaced by AI, with robots able to automate over half of all US work hours.
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Artificial intelligence in recruitment is causing a crisis of trust, as both job seekers and employers grapple with automated systems, fake jobs, and a lack of human interaction.
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Elon Musk predicts that within 10 to 20 years, AI and robotics will make work optional, creating a society of abundance supported by universal high income.
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All eyes are on Nvidia's upcoming earnings as investors seek clarity on the AI boom's sustainability amid growing concerns of a market bubble and recent stock volatility.
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Southeast Asia's largest bank, DBS, is projecting over $768 million in revenue from its AI initiatives this year, challenging the industry narrative of low returns.
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US companies announced over 150,000 job cuts in October, the highest for the month in two decades, driven by cost-cutting and the rise of artificial intelligence.
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A new AI agent from Built Technologies is reducing construction loan approval times from weeks to just three minutes, promising to transform real estate finance.
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E-commerce giant Shopify reports a massive 11x increase in purchases driven by AI search tools, signaling a major shift in online shopping behavior.
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IBM has announced plans to cut thousands of jobs globally as it realigns its business to focus on high-growth areas like artificial intelligence software.
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A freelance writer refused a job interview after learning it would be conducted by AI, sparking a wider debate on the role of automation in hiring.
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Goldman Sachs CEO David Solomon compares AI's labor impact to the industrial revolution, suggesting long-term adaptation amid growing fears of white-collar job cuts.
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Microsoft plans to resume hiring after a year-long pause, focusing on integrating AI into its workforce to boost productivity before expanding its headcount.
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Microsoft's CEO reveals the company has a surplus of AI chips it cannot use, not due to a tech shortage, but a lack of available power and data centers.
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AI algorithms are increasingly making crucial decisions about your job prospects, predicting your future behavior based on limited data without transparency or recourse.
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Many businesses fail not because of a bad strategy, but due to a critical disconnect between their plans and their day-to-day actions, a concept known as coherence.
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Nobel laureate Geoffrey Hinton warns that tech giants' massive AI investments will only be profitable by replacing human workers, challenging historical economic patterns.
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A Bitcoin mining company's stock has surged over 500% this year by shifting its focus to providing essential power and infrastructure for the booming AI industry.
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OpenAI's name is increasingly appearing in corporate earnings calls, driving stock prices of its partners and establishing it as a new market-moving force on Wall Street.
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