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The Guardian - UK
The Guardian - UK
Technology
Dan Milmo and Aisha Down

AI is indeed coming – but there is also evidence to allay investor fears

Matt Shumer Google OpenAI
Trader with screens behind
Traders on the floor of the New York Stock Exchange as markets fell on Friday morning trading after a steep drop on Thursday, as investors continue to worry about the impact of AI on business and the wider economy. Photograph: Spencer Platt/Getty Images

The message from investors to the software, wealth management, legal services and logistics industries this month has been clear: AI is coming for your business.

The release of new, ever more powerful AI tools has coincided with a stock market slide, which has swept up sectors as diverse as drug distribution, commercial property and price comparison sites. Advances in the technology are giving increasing credibility to predictions that it could render millions of white-collar jobs obsolete – or, at least, eat into the profits of established companies.

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