Safety
GenAI isn’t good enough to replace millions of employees, so there is basically no way the capex is going to earn out.
GenAI isn’t good enough to replace millions of employees, so there is basically no way the capex is going to earn out. If AI isn't going to wipe out millions of jobs every year, it has to generate pro
GenAI isn’t good enough to replace millions of employees, so there is basically no way the capex is going to earn out. If AI isn't going to wipe out millions of jobs every year, it has to generate productivity gains of about 7% pa in order to justify the capex. Impossible. So someone has to lose money Big Tech Has Suddenly Flipped on the AI Jobs Wipeout Scenario https://www.wsj.com/tech/ai/ai-wor…
Source: Gary Marcus (X) | 2026-07-06