Billionaire investor Paul Tudor Jones, a man who knows a thing or two about making money, is sounding the alarm like a chicken with its head cut off. He says the rise of artificial intelligence (AI) might cause more collateral damage than a clown at a porcelain factory.
In a new op-ed for Time, Jones suggests that while we can all clap and cheer for the wonders of technology, we should also have a good, hearty debate about the societal cost of these game-changing gadgets. Itâs like getting a new toy, but then realizing it eats all your cookies and tells your mom you did it.
The Tudor Investment Corporation founder, a man whoâs seen a few economic cycles in his day, references a recent warning from Dario Amodei, CEO of Anthropic. Amodei, a fellow worrywart, predicts that AI could wipe out about half of all entry-level white-collar jobs in the next one to five years. Thatâs like saying half the office will be replaced by robots who donât need coffee breaks or complain about the office temperature.
Even if Amodei is only half right, Jones says such a transformation would create âunprecedented social upheaval.â Imagine a world where your barista is a robot, and you canât even complain about the latte art without it giving you a lecture on efficiency.
âIf we follow the playbook of the last 45 years where over 92% of productivity gains went to shareholders over workers, and if Amodei is even half right on his unemployment prediction, you can bet we will face unprecedented social upheaval.
In the worst-case scenario, the safety-net strains that high unemployment will place on states and municipalities will force many into bankruptcy. The federal government wonât be a good backstop because with a debt-to-GDP ratio of more than 120% it wonât have the borrowing power it once did. Bond markets will tank and take stocks with them.âÂ
The investor calls for several responses to AI, including a federal law requiring AI content to be watermarked so itâs clear itâs AI-generated. Otherwise, Jones says âhumans will become irrelevant in the world we are headed for if we donât demand human authenticity.â Itâs like putting a sticker on a robot that says, âIâm a robot, not a human, so donât expect me to have feelings or a sense of humor.â
Jones also calls for a bipartisan commission that addresses issues of productivity sharing, as well as bilateral talks with China to âstart establishing shared AI safety protocols to protect the entire world from mistakes and bad actors.â Itâs like forming a club to make sure the robots donât start a global robot uprising.
âNone of this is radical. Itâs rational. The unemployment data on entry-level jobs is a call to action. The first signs of the societal disruptions of AI are already here.â
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2025-07-07 08:12