A top Trump official says some companies are using AI as a heat shield for layoffs.
“I think like a lot of folks these days like when they’re doing a layoff that they would have done anyway, just like to assign it or blame it to AI because it plays better in the press,” Michael Kratsios, President Donald Trump’s science and technology advisor, said during a recent episode of the “Moonshots with Peter Diamandis” podcast.
Host Peter Diamandis added, “And their stock price goes up if they are, you know, producing more revenue with fewer people.”
Kratsios agreed with that assessment as well: “Precisely. Yeah.”
Overall, Kratsios said he’s bullish on…
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