Microsoft Corporation (MSFT) AI Chief Predicts 2025 Breakthrough in Persistent Memory, Paving Way for Transformative AI Interactions
We recently compiled a list of 11 Trending AI Stocks in Latest News and Quotes. In this article, we’ll look at where Microsoft Corporation (NASDAQ:MSFT) stands against other trending AI stocks.
The extent to which AI technology can disrupt life as we know it in the coming years is still shrouded in mystery. However, many organizations have been making efforts to measure these changes to better understand the evolving business environment. For example, the Tony Blair Institute for Global Change, a non-profit group based in London, recently released a report explaining that AI could eliminate between 1 and 3 million jobs in the private sector in the United Kingdom alone in the coming years. However, the report also emphasized that the final increase in unemployment will be in the low hundreds of thousands as technological growth creates new roles. Estimates from nonprofits suggest that at the height of AI-led disruption, between 60,000 and 275,000 jobs will be eliminated annually over several decades.
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This figure was put in a big situation by this center by highlighting that the average number of job losses in the European country in the last decade was 450,000 per year. AI-led disruption appears modest compared to these figures, according to the report. The report reiterated that the general lesson is that AI is likely to increase labor market dynamics by encouraging more workers to leave existing jobs and start new ones. The agency noted that administrative and clerical jobs will be the most exposed to this new technology, followed by sales and customer service, and banking and finance. The think tank’s research went on to say that AI deployment could increase GDP by up to 1% over the next five years, rising to 6% by 2035.
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