The CEO Preaching Straight Talk About AI and Job Losses

Verizon’s Dan Schulman is all in on AI, but he warns that it is time for business leaders to acknowledge its disruptive potential

Verizon’s Dan Schulman has predicted 20% to 30% unemployment within two to five years due to AI, and urges other CEOs to be candid about its disruptive force.
Verizon created a $20 million career-transition fund for the “age of AI” after beginning to lay off 13,000 workers last year.
A March Quinnipiac University survey found 55% of U.S. adults believe AI will bring more harm than good, up from 44% last year.