Vista Partners CEO warns of AI-driven job wipeout at Berlin SuperReturn
Vista Partners CEO Robert Smith dropped a harsh reality check at the Berlin SuperReturn Conference. He said 40% of attendees will have AI agents soon. The rest? They’ll be hunting for new jobs.
Wall Street is next in the firing line. Bloomberg Intelligence’s Tomasz Noetzel told Bloomberg Open Interest the AI wave could axe over 200,000 jobs on Wall Street.
The future of finance could be a ruthless purge as automation takes over.
Robert Smith stated:
40% of the people at this conference will have an AI agent and the remaining 60% will be looking for work.
Tomasz Noetzel added:
Wall Street job losses could top two hundred thousand in the age of AI.