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David Sacks on a New Study Which Shows AI Adoption Actually Creates MORE Jobs “What they're showing is that the more you adopt AI, those companies also tend to grow headcount. So there's just no data to support this idea that in the present, AI is causing job loss.”

Chief Nerd

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DAVID SACKS: “I understand that there is a lot of concern about [AI] job disruption or job loss. That's not what we're seeing in the data so far. What we're actually seeing is job creation … We have a 4% GDP growth number right now, and half of that is attributable to AI.”

DAVID SACKS: “I understand that there is a lot of concern about [AI] job disruption or job loss. That's not what we're seeing in the data so far. What we're actually seeing is job creation … We have a 4% GDP growth number right now, and half of that is attributable to AI.”

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David Sacks Shares a New Study Which Counters the AI Doomer Narrative “They find that both job growth and wage growth is higher, not lower, in the occupations that are exposed to AI … As you make workers more productive, the value of their labor increases, not decreases, and they end up getting paid more and you want to hire more of them. So this is a huge narrative violation.”

David Sacks Shares a New Study Which Counters the AI Doomer Narrative “They find that both job growth and wage growth is higher, not lower, in the occupations that are exposed to AI … As you make workers more productive, the value of their labor increases, not decreases, and they end up getting paid more and you want to hire more of them. So this is a huge narrative violation.”

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David Friedberg just said the quiet part out loud "I am telling everyone that is listening. Look at the data. There is no job loss with AI. It is an absolute scam to tell the world that AI is taking away jobs."

David Friedberg just said the quiet part out loud "I am telling everyone that is listening. Look at the data. There is no job loss with AI. It is an absolute scam to tell the world that AI is taking away jobs."

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The AI job loss narrative is everywhere. But what if it is wrong? David Sacks says only 5% of job loss is actually coming from the new technology.

The AI job loss narrative is everywhere. But what if it is wrong? David Sacks says only 5% of job loss is actually coming from the new technology.

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🚨 DAVID SACKS: “I don't think there's going to be this huge job loss associated with this [AI] productivity boom that we're going to get. In fact, I think what's actually happening now is that AI is becoming synonymous with the American economy … It's generating 75% of GDP.”

🚨 DAVID SACKS: “I don't think there's going to be this huge job loss associated with this [AI] productivity boom that we're going to get. In fact, I think what's actually happening now is that AI is becoming synonymous with the American economy … It's generating 75% of GDP.”

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Sacks: China’s Biggest AI Advantage Over America Is Optimism @jason on China's Robot Olympics: “This is pretty crazy. The CCP is f**king brilliant at PR. Look what they did. They got a bunch of Chinese people to fill a stadium and cheer for AI and robotics. They're cheering for it. They're rooting for it.” David Sacks: “It is true that China is much more optimistic about AI than we are. AI optimism in China is over 80%. They poll on the question, ‘Do you think AI will be more beneficial than harmful?’ Over 80% of Chinese people say yes. In the US, that number is like 30%. So I've been saying for a while that the US is ahead of China in every category except one, which is optimism. And that is the biggest risk to us winning this AI race against China, is doing something that will shoot ourselves in the foot because we're so pessimistic about what AI might do.”

Sacks: China’s Biggest AI Advantage Over America Is Optimism @jason on China's Robot Olympics: “This is pretty crazy. The CCP is f**king brilliant at PR. Look what they did. They got a bunch of Chinese people to fill a stadium and cheer for AI and robotics. They're cheering for it. They're rooting for it.” David Sacks: “It is true that China is much more optimistic about AI than we are. AI optimism in China is over 80%. They poll on the question, ‘Do you think AI will be more beneficial than harmful?’ Over 80% of Chinese people say yes. In the US, that number is like 30%. So I've been saying for a while that the US is ahead of China in every category except one, which is optimism. And that is the biggest risk to us winning this AI race against China, is doing something that will shoot ourselves in the foot because we're so pessimistic about what AI might do.”

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Everyone is saying that AI is going to take all the jobs soon, but WHAT IF that's just not true? A new study shows that AI fails at 96% of all jobs. It raises serious questions about the high valuations we're seeing in AI. I made a video exploring the disconnect.

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David Friedberg: The AI Jobs Panic Is a Crock of Sh*t Why? The revenue potential outweighs the cost savings by 100x. “There is no job loss with AI. I've said it a thousand times, and I will say it again, and again, and again. What I see on the ground, and what I've seen at dozens of companies, including my company that I run, there are two sides to a business. There is revenue and there’s costs. On the cost side of the equation, AI can be used to reduce humans doing things that cost money, to some extent. The effect there, I would argue, is nominal. The real opportunity with AI is on the revenue side, where suddenly one engineer can do 100x or 1000x what they used to be able to do, meaning you can make more products at your company, whether those are agricultural seed products, or boats and ships, or software for companies, or clothing, or what have you. Because of AI, everyone has the ability to expand their revenue base to create more products, and that is the foundation of good economic prosperity. It is called productivity. We can grow productivity in this country with AI. So where I see AI being used is on the revenue side 100x more than the cost side. And in that equation, people are hiring like crazy. We cannot hire enough people. I just had a review meeting with my product and engineering team two days ago, and they're like, ‘We want to add an extra 15 headcount to our engineering squads because we have all this opportunity to do stuff that we couldn't otherwise do.’ So we are going to hire more people. And to Sacks' point, we are seeing that show up in the jobs numbers. The idea that AI is going to destroy jobs is a Luddite idea that is being disproven every single day, and I see it on the ground. It is only a matter of time before people wake up to this and they realize that this narrative that they've all been sold is a crock of sh*t.”

David Friedberg: The AI Jobs Panic Is a Crock of Sht Why? The revenue potential outweighs the cost savings by 100x. “There is no job loss with AI. I've said it a thousand times, and I will say it again, and again, and again. What I see on the ground, and what I've seen at dozens of companies, including my company that I run, there are two sides to a business. There is revenue and there’s costs. On the cost side of the equation, AI can be used to reduce humans doing things that cost money, to some extent. The effect there, I would argue, is nominal. The real opportunity with AI is on the revenue side, where suddenly one engineer can do 100x or 1000x what they used to be able to do, meaning you can make more products at your company, whether those are agricultural seed products, or boats and ships, or software for companies, or clothing, or what have you. Because of AI, everyone has the ability to expand their revenue base to create more products, and that is the foundation of good economic prosperity. It is called productivity. We can grow productivity in this country with AI. So where I see AI being used is on the revenue side 100x more than the cost side. And in that equation, people are hiring like crazy. We cannot hire enough people. I just had a review meeting with my product and engineering team two days ago, and they're like, ‘We want to add an extra 15 headcount to our engineering squads because we have all this opportunity to do stuff that we couldn't otherwise do.’ So we are going to hire more people. And to Sacks' point, we are seeing that show up in the jobs numbers. The idea that AI is going to destroy jobs is a Luddite idea that is being disproven every single day, and I see it on the ground. It is only a matter of time before people wake up to this and they realize that this narrative that they've all been sold is a crock of sht.”

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🔥 FRIEDBERG: “I'm telling everyone that's listening, look at the data. There is no job loss with AI. It is an absolute scam to tell the world that AI is taking away jobs and destroying jobs.”

🔥 FRIEDBERG: “I'm telling everyone that's listening, look at the data. There is no job loss with AI. It is an absolute scam to tell the world that AI is taking away jobs and destroying jobs.”

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🚩 Friedberg Says the AI Job Loss Narrative is a ‘Crock of Sh*t’ “The idea that AI is going to destroy jobs is a Luddite idea that is being disproven every single day … It is only a matter of time before people wake up to this.”

🚩 Friedberg Says the AI Job Loss Narrative is a ‘Crock of Sh*t’ “The idea that AI is going to destroy jobs is a Luddite idea that is being disproven every single day … It is only a matter of time before people wake up to this.”

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DAVID SACKS, CHAMATH, AND NAVAL MADE THE CASE FOR AI OPTIMISM: AI COULD CREATE MORE JOBS THAN IT DISPLACES. SACKS: “WE DON'T KNOW THAT JOBS ARE ACTUALLY GOING TO BE LOST. YOU'RE MAKING A HUGE ASSUMPTION THAT'S BUYING INTO DOOMERISM.” NAVAL: “TECHNOLOGY DOES DESTROY JOBS BUT IT REPLACES THEM WITH OPPORTUNITIES THAT ARE BETTER.” “WE WILL SEE JOB CREATION BY AI THAT WILL BE FASTER THAN JOB DESTRUCTION.” SACKS: “YOU END UP WITH MORE NET PRODUCTIVITY AND WEALTH CREATION.”

DAVID SACKS, CHAMATH, AND NAVAL MADE THE CASE FOR AI OPTIMISM: AI COULD CREATE MORE JOBS THAN IT DISPLACES. SACKS: “WE DON'T KNOW THAT JOBS ARE ACTUALLY GOING TO BE LOST. YOU'RE MAKING A HUGE ASSUMPTION THAT'S BUYING INTO DOOMERISM.” NAVAL: “TECHNOLOGY DOES DESTROY JOBS BUT IT REPLACES THEM WITH OPPORTUNITIES THAT ARE BETTER.” “WE WILL SEE JOB CREATION BY AI THAT WILL BE FASTER THAN JOB DESTRUCTION.” SACKS: “YOU END UP WITH MORE NET PRODUCTIVITY AND WEALTH CREATION.”

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.David Sacks: "I think that you can argue that the AI race is more important than the space race... What President Donald J. Trump did was lay out a plan for winning this AI race, so that America remains the most powerful country in the world."

.David Sacks: "I think that you can argue that the AI race is more important than the space race... What President Donald J. Trump did was lay out a plan for winning this AI race, so that America remains the most powerful country in the world."

Rapid Response 47

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Despite the media fearmongering over a slight rise in inflation, the reality is the economy is booming. Maria Bartiromo: This idea of growth in AI and data centers is so enormous because it's going to actually create a whole new era of growth, creating construction jobs, AI and tech jobs, energy jobs.

Despite the media fearmongering over a slight rise in inflation, the reality is the economy is booming. Maria Bartiromo: This idea of growth in AI and data centers is so enormous because it's going to actually create a whole new era of growth, creating construction jobs, AI and tech jobs, energy jobs.

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Is AI actually taking jobs? According to Paul Jankura's Head of Economics Peter McCrory, who says the data shows no meaningful difference in unemployment between AI-exposed jobs and others...so far.

Is AI actually taking jobs? According to Paul Jankura's Head of Economics Peter McCrory, who says the data shows no meaningful difference in unemployment between AI-exposed jobs and others...so far.

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David Sacks: We're lucky that Trump's the President when this AI revolution is happening. @jason "Do an alt history, Sacks, what would happen if Kamala Ding Dong was in right now?" David Sacks "We'd have no data centers, and they'd be using AI to censor us, and they'd be promoting DEI values through AI. That was in the Biden executive order. President Trump just wants the country to win and be successful.

David Sacks: We're lucky that Trump's the President when this AI revolution is happening. @jason "Do an alt history, Sacks, what would happen if Kamala Ding Dong was in right now?" David Sacks "We'd have no data centers, and they'd be using AI to censor us, and they'd be promoting DEI values through AI. That was in the Biden executive order. President Trump just wants the country to win and be successful.

jay plemons

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Chamath on why the AI capex spend might end up in a bubble Even though the race is on to adopt this technology as fast as possible, key economic indicators such as productivity and GDP growth are not yet showing any meaningful changes because of AI For the spend on AI to continue, companies need to be able to point to margin expansion or revenue growth that was directly contributed through AI A shoe company must be able to say they sold more shoes because of AI adoption A food or restaurant business must be able to say that they generated higher profits because of AI adoption This is simply not the case today. Until that happens, the AI thesis remains fickle

Chamath on why the AI capex spend might end up in a bubble Even though the race is on to adopt this technology as fast as possible, key economic indicators such as productivity and GDP growth are not yet showing any meaningful changes because of AI For the spend on AI to continue, companies need to be able to point to margin expansion or revenue growth that was directly contributed through AI A shoe company must be able to say they sold more shoes because of AI adoption A food or restaurant business must be able to say that they generated higher profits because of AI adoption This is simply not the case today. Until that happens, the AI thesis remains fickle

Boring_Business

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Sen Josh Hawley: AI Needs To HELP American Workers, Not Take Their Jobs "When it comes to jobs, we've got to make sure that AI is actually helping workers, not taking away jobs, but helping them become more productive, creating new jobs. So, what we've done is we want to pass a law that says, let's get the facts. Let's make these companies report, how many jobs have they destroyed? How many jobs have they created? Let's make sure AI is actually doing something good for the American worker."

Sen Josh Hawley: AI Needs To HELP American Workers, Not Take Their Jobs "When it comes to jobs, we've got to make sure that AI is actually helping workers, not taking away jobs, but helping them become more productive, creating new jobs. So, what we've done is we want to pass a law that says, let's get the facts. Let's make these companies report, how many jobs have they destroyed? How many jobs have they created? Let's make sure AI is actually doing something good for the American worker."

Mr Producer

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.Steven Sinofsky: " This idea that AI just gets rid of jobs... it's ancient." "One of the things people thought was that computers would get rid of accountants. That was like IBM's pitch in like 1965. But what it actually did was like, oh my God, we could do so much more with accounting." " When you look at the notion of like creating information, synthesizing and all that, AI is an accelerant for that for a person who knows what they're doing. And companies are suddenly gonna want more of those people creating more of that information."

.Steven Sinofsky: " This idea that AI just gets rid of jobs... it's ancient." "One of the things people thought was that computers would get rid of accountants. That was like IBM's pitch in like 1965. But what it actually did was like, oh my God, we could do so much more with accounting." " When you look at the notion of like creating information, synthesizing and all that, AI is an accelerant for that for a person who knows what they're doing. And companies are suddenly gonna want more of those people creating more of that information."

MTS

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