Oaktree Capital’s Howard Marks warns Afterpay AI layoffs are ‘first canary in the coal mine’

Two of Wall Street’s most influential investors have warned that businesses and governments are unprepared for the employment upheaval that will be wrought by the rapidly increasing sophistication of artificial intelligence.

Oaktree Capital Management co-chairman Howard Marks said mass lay-offs at Jack Dorsey’s Block last week, which included 650 Australian Afterpay staff, were the “first canary in the coal mine” for greater disruption to come.

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