The highest unemployment rate during the great depression was 24%. The knockon effects of almost 12% of the ecconomy losing work will make that pale in comparison. But hey, this 12% is probably just at the beginning. After all, AI is the worst it will ever be.
This seems like a recipe for guillotines or UBI. Wonder wich the rich will choose?
Edir: was he the first of many?
It's actually the opposite: https://futurism.com/future-society/insurance-cyber-risk-ai
Different context of AI utilization. AI to deny claims is a dead giveaway. For the other stuff, they'll chip away at it.