David Sacks, the White House AI and crypto czar, has countered the anxiety surrounding AI-induced job losses, stating that the narrative is exaggerated. Despite a Microsoft study listing jobs at risk of AI replacement, including roles in the crypto sector, Sacks indicated that AI still necessitates human oversight for driving business value. He emphasized that while AI can handle certain tasks, it requires prompting and verification from humans. The Microsoft Research study analyzed 200,000 Bing Copilot chats, highlighting roles like news analysts and customer service representatives as most vulnerable. Despite the job market revealing slow growth, with only 73,000 new jobs added in July and minimal employment in crypto, Sacks aligns with former Coinbase CTO Balaji Srinivasan's view that AI functions more as a tool that enhances human productivity, rather than a force that simply replaces jobs. Srinivasan also noted that AI takes over the roles of previous AIs, rather than human jobs, reflecting a continuous evolution in technology rather than outright job loss.

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