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Goldman Sachs CEO Dismisses AI Job Apocalypse, Says AI Will Boost Productivity and Create Roles

GateNews

AI Industry News

2026-05-26 01:53:56

According to Jin10 on May 26, Goldman Sachs CEO David Solomon dismissed concerns that AI will trigger mass unemployment and an "employment apocalypse," stating fears are overstated. In a commentary published in the New York Times, Solomon argued AI will not eliminate jobs at catastrophic scale, but rather increase worker productivity, shift employees toward higher-value tasks, and create new roles in AI system management, implementation, verification, and oversight. Goldman Sachs' economists predict AI could automate 25% of current work hours over the next decade, with white-collar sectors including banking, legal, accounting, and software development facing the greatest disruption.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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