- Brian Chesky, co-founder, and CEO of Airbnb, said that AI will ultimately be beneficial for the employment market.
- He believes AI will fuel “millions of startups,” even though employment at current businesses may decline.
- Chesky is one of the business executives who have commented on AI this year.
Well, the question is whether AI creates or destroys jobs.
Brian Chesky, co-founder, and CEO of Airbnb, predicts that it will ultimately be the latter.
He anticipates that the technology will propel “millions of new startups,” he told investor Jason Calacanis on a recent episode of This Week In Startups.
People with established employment can now be more productive thanks to AI. Chesky predicted that engineers at his company will be 30% more productive in the next year thanks to AI, “without the tax of more people,” he told Calcanis. CNBC broke the story about the podcast on Monday.
Although there may be fewer open positions for job seekers, this is excellent news for businesses’ bottom lines and — as Chesky predicts — may make it simpler for job seekers to start their own businesses, ultimately leading to a more vibrant job market.
“I think anyone can do what only a software engineer allowed you to do five years ago — it’s going to be awesome for many people,” Chesky said. “It’s going to be wildly disruptive for others.”
Corporate leaders like Warren Buffett are dubious despite claims that AI would have a significant impact on innovation and the economy from many in the corporate world. Elon Musk, for instance, thinks that AI has both advantages and disadvantages and that regulation is necessary to make sure that its effects are favorable overall, even if it slows down progress.
In a letter published last month, pioneers of AI, including OpenAI and Google DeepMind, warned that if the field is allowed to develop unchecked, it might endanger human survival.
The leaders of AI urged authorities to control its development in a letter that was posted on the Center for AI Safety. “Mitigating the risk of extinction from AI should be a global priority alongside other societal-scale risks such as pandemics and nuclear war,” the letter from the leaders of AI said.
