Bezos: AI Will Create a Labor Shortage

Amazon founder Jeff Bezos said that artificial intelligence will actually create a human labor shortage, according to a report by Fox News Digital.

Bezos spoke at the VivaTech technology conference in Paris on Wednesday. He offered an optimistic outlook on the impact of AI on the workforce amid concerns about its impact on the role of human workers across the economy.

"I know there's a lot of concern that many people have, including many smart people, that AI is going to make humans redundant and so on," Bezos said.

"I totally disagree with that point of view. And I think, in fact, AI is going to create a labor shortage," the Amazon founder added. "We have an endless set of things to invent… We are limited not by our imaginations but by what we can actually do."

A report by global outplacement and executive coaching firm Challenger, Gray & Christmas found that about 40 percent of the 97,006 job cuts announced by companies in May were attributed to the use of AI by companies.

The 38,579 cuts attributed to AI in May was the highest monthly total linked to that since Challenger began tracking it in 2023.