White House AI and crypto czar David Sacks disputes concerns of AI eliminating jobs, stating that AI still requires human oversight to add value to businesses. Microsoft researchers identified 40 roles, including some in crypto, most likely to be replaced by AI. Sacks highlights that AI complements human work, not replaces it. Source: David Sacks

Microsoft study reveals knowledge-based jobs like news analysts and customer service reps are at high risk of being replaced by AI. Researchers analyzed 200,000 Bing Copilot chats to gauge AI applicability, scoring roles like reporting and writing at 0.38-0.39, while data-focused roles scored lower. Crypto industry is also affected. Source: Microsoft Research

US Department of Labor reports only 73,000 new jobs added in July, falling short of estimates. Crypto job additions in July were minimal, with just 38 new positions on CryptoJobsList.com and 69 on Remote3.co. Sacks aligns with views of former Coinbase CTO Balaji Srinivasan on AI’s impact on jobs. Source: US Department of Labor

Balaji Srinivasan challenges common narratives around AI replacing jobs, arguing that AI is not truly independent and does not take away jobs, but enhances them. He suggests that AI replaces the previous versions of AI in job tasks, allowing humans to allocate resources to the latest models. AI is seen as a tool, not a job stealer. Source: Balaji Srinivasan

Read more at Cointelegraph: David Sacks Says AI Job Loss Fears Overhyped