White House AI and Crypto Czar David Sacks argue that they are pushing forward the growing fear of AI cleaning up a large strip of workforce, which still relies heavily on human supervision to create real business value.
His comments come after Microsoft researchers have published a list of 40 positions that are most likely to be replaced by AI.
However, Sachs said “the AI’s unemployment story is exaggerated,” and in X’s Saturday post points out that AI needs to be urged and confirmed to “promote business value.”
He said AI does mid-to-middle work, and humans manage end-to-end processes.
The specific cryptographic work that is at risk suggests Microsoft research
A Microsoft research study found that knowledge-based occupations such as news analysts, reporters, journalists, and technical writers may be affected by AI in the future. This is a role that can also be seen in the crypto industry.
Customer service representatives were also on the list.
Microsoft researchers analyzed 200,000 anonymized Microsoft Bing Copilot Chats to find that they studied the use of real AI and are primarily applied to information gathering, writing, advice and education.
We then evaluated how AI effectively completes a particular task and calculates the “AI application scores” for various roles.
The reporting and writing roles received scores between 0.38 and 0.39, while the more data-driven market research analysts and data scientists were at the bottom edge of the spectrum between 0.35 and 0.36.
The study is well below the Dow Jones estimate of 100,000, as the U.S. Department of Labor reported just 73,000 new jobs added in July.
For Crypto, 38 new positions were added to the Cryptojobslist.com board in July, with Remote3.co adding 69.
Agree with a crypto entrepreneur and bag
Sacks came to his conclusion after quoting a post from Balaji Srinivasan, former Chief Technology Officer of Coinbase.
Related: 2025 Crypto Adoption was spurred by Payments, AI: Survey
Balaji claimed that AI is still constrained. “AI today is not really an agent, so it’s not really an agent,” he says, “AI won’t take on your job.
If that replaces anything, it’s the previous AI job, Baraji said:
“For example, Midjourney took a stable spread job, while GPT-4 took a GPT-3 job. If there are slots in workflows like AI image generation, AI code generation, etc., they simply allocate that cost to the latest model. So AI takes a previous AI job.”
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