David Sacks: AI job loss fear dem overhype, crypto jobs dey shift
White House AI and crypto affairs chief David Sacks no dey fear say AI go cause yawa job loss for everywhere, e yarn say AI tools need human commands, supervision and checking to get real business benefit. E talk say study from Microsoft Research wey check 200,000 Bing Copilot chats show say crypto roles like news analyst, technical writer and customer service people dey among 40 work wey fit quickly become automated, get AI score between 0.38-0.39 for reporting and 0.35-0.36 for data analysts. Based on US Labor Department info, Sacks yan say July job growth for US no follow forecast well; only 73,000 new jobs show, and big crypto job boards only get 38 (CryptoJobsList) and 69 (Remote3.co) new crypto jobs. E agree with ex-Coinbase CTO Balaji Srinivasan say AI just dey replace old AI models no be human workers, meaning crypto jobs go change through support not to vanish. Traders need see this as neutral so market stability go hold as report no get price driver and AI job loss fear dey overhype.
Neutral
David Sacks no gree say AI go cause job loss, e talk say human oversight important. Plus say crypto job openings no too much, and no real price drivers dey, e mean say crypto price no go change much for short term. Traders no likely make strong reaction because announcement say AI go help do work, no go comot job dem, so market go still stable. For long term, AI fit make crypto jobs work better, but e no go cause big wahala for price because for tech sector, AI dey automate task but no dey sack people. So, the news dey neutral for market direction.