No Going Back' – Moody's Economist Mark Zandi Warns 'Outright Job Losses' Incoming Due to AI After Block's 4K Job Cuts

AI Briefing

• – Artificial intelligence is taking over human jobs, leading to 'outright job losses' according to Moody's Analytics Chief Economist Mark Zandi.
• – Block's 4,000 job cuts are a sign of the impact of AI on the labor market, with smaller teams expected to accomplish more with improved AI capabilities.
• – Moody's warns that AI-related layoffs are likely to increase in the coming days, pushing the labor market to a point of no return.