"Walmart CEO Doug McMillon has good news and bad news for the more than two million global workers employed by his company. The bad news is that AI is rapidly going to transform all of those employees' roles, and soon. The good news is that, in his view, that doesn't necessarily mean they'll be out of a job. Also: Nearly everything you've heard about AI and job cuts is wrong - here's why Speaking at a conference in Bentonville, Arkansas, home of Walmart's headquarters, last week, McMillon told the audience that it's by now "very clear that AI is going to change literally every job," according to a Friday report from The Wall Street Journal."
"Thus far, many predictions about the potential for AI to transform the job market have focused on white-collar jobs, especially software engineering. Also: Will AI replace software engineers? It depends on who you ask It's true that the growing availability and sophistication of AI coding tools does seem to be one of the factors that's been making it more difficult for young computer science grads to find work in the tech industry. At the same time, however, the race among tech companies to build ever-more powerful AI models has also sparked a talent war that has hugely inflated the salaries of some of the industry's more established engineers."
AI is poised to rapidly transform roles across Walmart's global workforce of more than two million employees. The transformation will affect workers at all socioeconomic levels and across job hierarchies. Developments in AI tooling have focused attention on white-collar roles such as software engineering while also reshaping hiring and compensation dynamics across the tech sector. The rising sophistication of coding and media-generation tools raises the potential to automate many tasks previously performed by humans. The net effect may be widespread job transformation rather than straightforward mass replacement.
Read at ZDNET
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