White House AI Czar David Sacks Calls Job Loss Fears “Overhyped”

White House AI and crypto advisor David Sacks has challenged the growing belief that artificial intelligence will eliminate large portions of the workforce, particularly in industries like media and crypto. In a post on X on Saturday, Sacks stressed that while the sector is advancing rapidly, it still requires human input and oversight to deliver real-world value. “AI does the middle-to-middle work,” he explained , “while humans manage the end-to-end processes.” His remarks follow a Microsoft Research study that identified 40 job roles most susceptible to AI replacement — many of which intersect with the crypto and tech industries. The Microsoft report , based on an analysis of 200,000 anonymized Bing Copilot chats, found that AI tools are predominantly used for writing, advising, teaching, and gathering information. Roles such as reporters, technical writers, and customer service representatives were shown to be among the most exposed to AI’s growing capabilities. These roles received AI applicability scores between 0.38 and 0.39. More analytical roles like market research analysts and data scientists fared slightly better, with lower vulnerability scores between 0.35 and 0.36. Crypto and Tech Hiring Slows The release of the Microsoft study coincides with broader concerns about a cooling job market . The U.S. Department of Labor reported just 73,000 jobs added in July, falling short of the 100,000 figure projected by Dow Jones. The crypto job landscape also appears to be contracting. Only 38 new listings were posted on CryptoJobsList.com last month, while Remote3.co recorded just 69 new roles — signaling a hiring slowdown in the blockchain sector. Despite these numbers, Sacks maintains that the impact of AI is being misrepresented. He echoed sentiments from crypto entrepreneur and former Coinbase CTO Balaji Srinivasan, who stated, “Today’s AI is not truly agentic because it’s not truly independent of you. AI doesn’t take your job, it lets you do any job.” AI Doesn’t Replace Humans Balaji offered a unique perspective, arguing that AI often replaces older versions of itself rather than human labor. “Midjourney took Stable Diffusion’s job. GPT-4 took GPT-3’s job,” he wrote. Once integrated into workflows, users simply upgrade to newer models rather than eliminating the human role entirely. For now, both Sacks and Balaji suggest that while AI is undoubtedly reshaping workflows, human oversight remains irreplaceable — at least for the foreseeable future. The post White House AI Czar David Sacks Calls Job Loss Fears “Overhyped” appeared first on TheCoinrise.com .