Public Event Detail
'What will our kids do?': one question was on every investor's lips at Morgan Stanley's big AI conference
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Event summary
At Morgan Stanley's annual TMT Conference, despite the prevailing optimism about AI, a significant underlying anxiety emerged among investors regarding the future job prospects for the next generation. This concern, summarized by the question "What will our kids do?", was highlighted by Morgan Stanley analyst Adam Jonas and echoed by figures like OpenAI CEO Sam Altman, who suggested that AI could lead to entire companies being run by a handful of people very soon. Executives also candidly discussed AI-driven efficiencies leading to workforce reductions, with data showing a 4% net reduction in affected sectors over the past year.