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Ex-UBS Chair Axel Weber: AI May Create New Elite Class, Widen Wealth Gap, Prompt Mass Unemployment
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Former UBS Chairman Axel Weber stated at an event that AI could foster a new elite class who will harness AI to gain more benefits, placing other classes in a less favorable position, Bloomberg reported. He also mentioned that AI may lead to mass unemployment and exacerbate polarization in the job market, while those who know how to use AI and those who may be replaced will face a greater divide. AASTOCKS Financial News Website: www.aastocks.com |
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