Anthropic's $61B Gamble: Can AI Really Replace 20% of Jobs?
Theregister.com2 days ago
960

Anthropic's $61B Gamble: Can AI Really Replace 20% of Jobs?

AI & ML
ai
jobmarket
anthropic
futureofwork
techimpact
Share this content:

Summary:

  • Anthropic offers $10K–$50K grants to study AI's impact on jobs

  • CEO warns AI could cause 20% unemployment and eliminate half of entry-level white-collar jobs

  • Project Vend experiment shows AI struggles with basic management tasks

  • First grants to be awarded in August, with conferences planned in DC and Europe

  • Anthropic believes AI could augment or replace middle managers despite current flaws

AI biz Anthropic is on a mission to uncover the real impact of its technology on the job market. With a staggering $61.5 billion valuation, the company is offering $10K–$50K grants to academics to study how AI could reshape employment.

The Economic Futures Program

Anthropic's latest initiative, the Economic Futures Program, aims to fund research into AI's effects on the labor market. "We’re launching this initiative to understand how AI is reshaping the way we work," the company stated. The program will also include conferences in Washington DC and Europe to discuss findings.

The Stakes Are High

CEO Dario Amodei has already warned that AI could lead to unemployment levels of up to 20%, potentially eliminating half of all white-collar entry-level jobs within five years. The company's Claude API credits will be part of the grants, allowing researchers to use its AI model for their studies.

Mixed Results from AI Experiments

Anthropic's own Project Vend experiment revealed some hiccups. The AI model, Claudius, struggled with basic tasks like pricing and inventory management, even giving away items for free. Despite these flaws, Anthropic believes AI could still augment or replace middle managers in the future.

What’s Next?

The first grants will be awarded in August, and the company is partnering with independent research institutions to validate future studies. "Society’s response to AI is not predetermined," Anthropic emphasized, highlighting the need for informed policymaking.

Comments

0

Join Our Community

Sign up to share your thoughts, engage with others, and become part of our growing community.

No comments yet

Be the first to share your thoughts and start the conversation!

Newsletter

Subscribe our newsletter to receive our daily digested news

Join our newsletter and get the latest updates delivered straight to your inbox.

OR
RemoteITJobs.app logo

RemoteITJobs.app

Get RemoteITJobs.app on your phone!