Today's Business Headlines: 08/04/25
Mo Gawdat, who left Google X as its chief business officer in 2018 and has become a popular author and public speaker, painted a grim picture of“The next 15 years will be hell before we get to heaven,” Gawdat told British entrepreneur Steven Bartlett on hisMo Gawdat, a former Google executive, warns that AI could trigger over a decade of upheaval, wiping out white-collar jobs and fueling social unrest.Gawdat, 58, pointed to his own startup, Emma.
The Egyptian-born tech whiz, who was a millionaire by age 29, believes this massive displacement will create dangerous levels of economic inequality. “We are headed into a short-term dystopia, but we can still decide what comes after that,” Gawdat told the podcast, emphasizing that the future remains malleable based on choices society makes today.
The World Economic Forum says 40% of global employers expect to reduce staff due to AI, and Harvard researchers estimate that 35% of white-collar tasks are now automatable. Analysts from MIT and PwC echo Gawdat’s fears of wage collapse, wealth concentration, and social unrest — unless governments act swiftly to manage the transition.Texas Roadhouse hit with civil rights complaint alleging DEI hiring discrimination
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