If You're Worried About AI, You NEED To See This
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In this interview, NYU Professor Scott Galloway challenges the prevailing narrative that artificial intelligence will lead to a job apocalypse, dismissing it as "mostly bullshit" and a fundraising strategy by AI CEOs. He argues that the catastrophizing serves to justify massive investments and trillion-dollar valuations for AI companies, which currently lack a corresponding increase in incremental revenue from new AI products. Galloway points to current employment data in the US, noting that the unemployment rate is 4.5%, youth unemployment is slightly below the historical average, and new business creation per capita has doubled in the last decade. He highlights that job listings for roles frequently predicted to be eliminated by AI, such as radiologists and coders, are actually up in 2026. Historically, new technologies cause short-term disruption but lead to long-term job creation, a pattern Galloway expects AI to follow. He criticizes AI founders like Elon Musk and Sam Altman for making dystopian predictions while simultaneously benefiting financially. Galloway also discusses the shifting labor market, noting that the unemployment rate for non-college graduates is now lower than for college graduates due to a boom in vocational work. He predicts a significant shift in investor money from Tesla to SpaceX when the latter goes public, potentially causing Tesla's valuation to drop. Ultimately, Galloway believes that while the labor market is reshaping, it will not be an apocalypse, and the fear-mongering is primarily a tactic to secure cheap capital.
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