The Big Ideas for Coping With an AI Jobs Apocalypse: Explainer

The race to build AI has fueled optimism about new innovations in science and medicine, greater productivity and explosive economic growth. But it’s also triggered concerns that the technology will wipe out millions of jobs — particularly white-collar ones — and concentrate wealth.

Geoffrey Hinton, often called the “godfather of AI,” has cautioned that artificial intelligence may soon replace many intellectual jobs. Wall Street chiefs including JPMorgan Chase & Co.’s Jamie Dimon and Citigroup Inc.’s Jane Fraser have issued similar warnings. The head of UK bank Standard Chartered Plc. was forced to apologize after he said the ...