Technology — What AI means for the jobs market

View Online Technology Technology The Big Story  AI's impact on the job market Business leaders have offered dire warnings in recent months about the turmoil artificial intelligence (AI) could unleash on the job market, predicting widespread worker displacement and mass unemployment. Experts say the picture is still unclear, with the full impact yet to be realized.  © Adobe Stock Here's what to know about how AI could change the labor market:    What are business leaders saying?    The predictions from leading executives on the impact of AI have varied wildly since the technology first took the world by storm in late 2022, with the public release of OpenAI's ChatGPT.    Anthropic CEO Dario Amodei warned in an interview with Axios in May that AI could wipe out half of entry-level white-collar jobs, resulting in unemployment rates of 10 percent to 20 percent within five years.    In a note to employees in June, Amazon CEO Andy Jassy said he anticipates that AI will reduce the e-commerce giant's corporate workforce and "change the way our work is done."    However, others are a bit more skeptical about claims of dramatic job losses and disruption.     "The hard part about this is, I think it will happen faster than previous technological changes," OpenAI CEO Sam Altman said on The New York Times "Hard Fork" podcast in June. "But I think the new jobs will be better, and people will have better stuff."   "And the take that half the jobs are going to be gone in a year or two years or five years or whatever, I think that's not how society really works," he added.    What's happening now?    For all the forecasting about AI, the impact isn't reflected in the data quite yet, experts told The Hill.    A recent analysis from the Economic Innovation Group found no meaningful impacts from AI on the labor market across several different measures.   "It's just not there," said Nathan Goldschlag, director of research at the Economic Innovation Group who co-authored the analysis. "That's not to say it won't be right. It's just we can't — it's very hard to justify the claim that AI right now is totally, fundamentally reordering the labor market."    Check out a full report at TheHill.com. Welcome to The Hill's Technology newsletter, I'm Julia Shapero — tracking the latest moves from Capitol Hill to Silicon Valley. Did someone forward you this newsletter? Subscribe here. Essential Reads  How policy will be impacting the tech sector now and in the future: AI firm rolls out tool to detect nuclear weapons talk Artificial intelligence (AI) firm Anthropic has rolled out a tool to detect talk about nuclear weapons, the company said in a Thursday blog post. "Nuclear technology is inherently dual-use: the same physics principles that power nuclear reactors can be misused for weapons development. As AI models become more capable, we need to keep a close eye on whether they can provide users with dangerous technical knowledge in ways that …  Full Story Google to provide Gemini AI tools to federal agencies for 47 cents Google will provide a suite of artificial intelligence (AI) and cloud services to federal agencies for 47 cents each, the General Services Administration (GSA) announced Thursday.  Federal agencies will have access to Gemini for Government at the discounted price through 2026. The announcement follows similar moves by OpenAI and Anthropic to offer their AI products to the government for $1 a year.  "Federal agencies can …  Full Story Russian hackers targeting critical infrastructure IT systems: FBI Russian state-sponsored hackers have targeted thousands of networking devices associated with U.S. critical infrastructure sectors over the past year, the FBI warned Wednesday.  The cyber actors are associated with the Russian Federal Security Service’s (FSB) Center 16 and have taken aim at a vulnerability in certain Cisco devices, according to an agency public service announcement.  In some cases, hackers have …  Full Story The Refresh  News we've flagged from the intersection of tech and other topics: Meta freezes AI hiring after blockbuster spending spree (Wall Street Journal) Tech giants prepare to challenge state AI regulations (Bloomberg) Crypto Corner  DOJ will not prosecute crypto software developers © Jose Luis Magana, Associated Press The Justice Department said Thursday that it will no longer bring charges against crypto software developers of decentralized platforms.   "Our view is that merely writing code, without ill-intent, is not a crime," acting assistant Attorney General Matthew Galeotti said at a summit in Jackson, Wyo.   Galeotti focused heavily on the issue of intent. He said the agency will not prosecute regulatory violations in digital assets cases, including unlicensed money transmitting, unless they can show "a defendant knew of the specific legal requirement and willfully violated it."   "Therefore, if a developer merely contributes code to an open-source project, without the specific intent to assist criminal conduct, aid or abet a crime, or join a criminal conspiracy, he or she is not criminally liable," he noted.   This has been a key concern for the crypto industry, prompting the inclusion of the Blockchain Regulatory Certainty Act (BRCA) in broader digital asset legislation that passed the House last month.   The BRCA would ensure that digital asset developers and service providers are not considered money transmitters under the law. The provision has also been included in Senate Republicans' discussion draft for crypto market structure legislation.   The announcement is indicative of the changing regulatory environment for the crypto industry under President Trump.   The Securities and Exchange Commission has pulled back on numerous investigations and lawsuits against crypto firms since the change in administrations. Crypto Corner is a daily feature focused on digital currency and its outlook in Washington. In Other News  Branch out with other reads on The Hill: GOP senator: US stake in Intel would be 'step toward socialism' Sen. Rand Paul (Ky.), a libertarian-minded Republican, criticized the Trump administration's push to acquire a stake in U.S. chipmaker Intel, suggesting the move would be a "step toward socialism." "If socialism is government owning the means of production, wouldn't the government owning part of Intel be a step toward socialism?" Paul said on Wednesday in a post on the social platform X. "Terrible idea," he added, linking to … Full Story   You're all caught up. See you tomorrow!  Check out The Hill's Technology page for the latest coverage. Like this newsletter? Take a moment to view our other topical products here 📩 Privacy Policy  |  Manage Subscriptions  |  Unsubscribe  400 N Capitol Street NW Suite 650, Washington, DC 20001 Copyright © 1998 - 2025 Nexstar Media Inc. | All Rights Reserved.

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