Bank of America may have good news for every American ‘panicking’ about AI-led job cuts

 Bank of America’s research suggests AI won’t cause a ‘job Armageddon,’ citing historical economic adaptation. While 840 million global jobs are exposed to generative AI, BofA distinguishes between AI as a partner and AI as a replacement, with only a small percentage fully automated. The emergence of ‘agentic AI’ is noted as a more disruptive force. Bank of America’s research suggests AI won’t cause a ‘job Armageddon,’ citing historical economic adaptation. While 840 million global jobs are exposed to generative AI, BofA distinguishes between AI as a partner and AI as a replacement, with only a small percentage fully automated. The emergence of ‘agentic AI’ is noted as a more disruptive force.