Former Google Executive Predicts AI Will Eliminate Jobs, Lead To Middle Class Collapse By 2027
Mo Gawdat, who served as Google's Chief Business Officer, highlights how AI-powered automation will eliminate various professional roles, including software engineers.
TCS, Microsoft, Google, Amazon, and other leading companies worldwide have recently undergone significant layoffs. These companies have let go of thousands of employees, with some dismissing 12,000 and others 15,000 workers at once. The primary reason for these layoffs is attributed to the rise of AI, which can complete tasks in less time than humans typically need. Mo Gawdat, a former Google employee, has advised caution regarding Artificial Intelligence or AI.
Mo Gawdat, in his podcast 'Diary of a CEO,' has made a dire prediction, warning that the period until 2027 will be particularly challenging. He believes AI will bring significant changes, potentially leading to the collapse of the middle class. 'Unless you're in the top 0.1%, you're a peasant. There is no middle class," he said.
Previously, Mo Gawdat offered special advice to married youth on this podcast, recommending those who haven't planned for a baby to wait due to the impending job losses AI will cause. He now predicts that by 2027, even highly educated individuals may become unemployed, which could result in a new global class structure heavily impacting the current middle class.
Mo Gawdat, who served as Google's Chief Business Officer, highlights how AI-powered automation will eliminate various professional roles, including software engineers, chief executives, and podcasters. He describes the beginning of 2027 as 'hell before we get to heaven.' His AI-enabled relationship start-up, Emma.love, operates with just three employees, whereas such a setup previously required at least 350 people.
Gawdat explains that while industrialisation replaced manual labor in the past, AI automation now threatens the employment of educated individuals, leading to mental health issues and isolation. People may gradually lose their professional expertise. By 2040, a new world order focused on creativity, community, and spirituality will emerge. However, he stresses that governments should regulate universal basic income and AI-driven development.
Earlier, a Microsoft research suggested that within the next five years, 80% of jobs across various sectors will be lost due to AI, which will replace human intelligence and manpower.
view comments
First Published:
Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
News18
38 minutes ago
- News18
Sebi proposes lower entry threshold for large-value AIFs at Rs 25 cr
Agency: PTI New Delhi, Aug 9 (PTI) Markets regulator Sebi has proposed a slew of relaxations for large value funds (LVFs) under the alternative investment funds framework, including reduction in minimum investment requirement to Rs 25 crore from the current Rs 70 crore. In a consultation paper issued on Friday, the regulator said the changes aim to widen investor participation and cut compliance costs. The proposals follow recommendations from Sebi's Alternative Investment Policy Advisory Committee and the Ease of Doing Business Working Group. The key proposal is to lower the investment threshold to Rs 25 crore, which the regulator said will attract more domestic institutional players such as insurance companies and diversify the investor base. At present, the working groups highlighted that LVF threshold of Rs 70 crore is too high and many investors, including some institutional investors, have limitations on the quantum. Sebi has also proposed exempting LVFs from several compliance requirements, including the need to follow the standard template for private placement memoranda (PPM), mandatory annual audits of PPM terms, and the responsibility placed on investment committee members for approving fund decisions. Sebi also recommended allowing existing AIF schemes, whose investors meet LVF criteria, to convert into LVFs with the consent of all investors. This would enable them to benefit from the proposed relaxations. The markets watchdog noted that LVFs have seen steady traction since their introduction in August 2021, but could play a bigger role in channelling long-term investments, especially into unlisted securities, if entry barriers are lowered. The Securities and Exchange Board of India has invited public comments on the proposals till August 29. PTI HG TRB view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
42 minutes ago
- Time of India
ICMAI CMA June 2025 result for intermediate and final to be declared on August 11 at icmai.in
CMA June 2025 result for intermediate and final releasing August 11. (AI Image) CMA June 2025 result: The Institute of Cost Accountants of India (ICMAI) will announce the Certified Management Accountant (CMA) June 2025 results for the Intermediate and Final levels on August 11, 2025. The results will be available on the official website at and candidates will need to use their login credentials to access them. The results link will be activated on the ICMAI results portal. Candidates are advised to keep their 17-digit registration number and password ready to check their result. While the exact time of release has not been officially confirmed, based on previous years' trends, the result is expected to be declared around 8 am. Confirmation from ICMAI and aspirants' appeal ICMAI Updates & Aspirant's Voice @ICAICMA, in a post on X, stated that the CMA June 2025 Intermediate and Final results will be announced on August 11, 2025. The same post also included an appeal from the student community, requesting the Institute of Cost Accountants of India to consider introducing a gap between papers in the upcoming December 2025 examination schedule. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Learn 57+ Languages Easily with AI [Join] Talkpal AI Sign Up Undo The ICMAI CMA course is conducted in two sessions every year—in June and December. The results of the CMA Foundation June 2025 session were already declared on July 8. In that session, Riya Poddar from Howrah secured the first rank in the Foundation level merit list. ICMAI CMA June 2025 login credentials required To access the Intermediate and Final results, candidates must log in using their ICMAI-provided credentials. These include their 17-digit registration number and password. The result will only be available on the official ICMAI website and cannot be accessed through any offline method. Previous pass percentages for CMA December 2024 session ICMAI has published pass percentages for the previous session held in December 2024. These statistics help in understanding the exam trends and performance benchmarks. CMA Intermediate December 2024 pass percentage: • Group-I only: 16.10% • Group-II only: 28.69% • Passed in either one of the groups: 9.89% • Passed both groups: 17.77% CMA Final December 2024 pass percentage: • Group-III only: 14.72% • Group-IV only: 50.95% • Passed in either one group: 30.76% • Passed both groups: 22.46% Steps to check ICMAI CMA June 2025 result at Step 1: Visit the official ICMAI website at Step 2: Click on the "Examination" section on the homepage Step 3: Select the link for "Result for June 2025 CMA Intermediate and Final" Step 4: Enter your 17-digit registration number and password Step 5: View and download your result for future reference Candidates are advised to take a printout of their result for future use in academic and professional references. TOI Education is on WhatsApp now. Follow us here . Ready to navigate global policies? Secure your overseas future. Get expert guidance now!
News18
an hour ago
- News18
Sebi revises norms for converting private listed InvITs into public
Agency: PTI New Delhi, Aug 9 (PTI) Sebi has revised the framework for converting private listed Infrastructure Investment Trusts (InvITs) into public InvITs, streamlining sponsor holding norms and aligning disclosure requirements with follow-on offers. The Securities and Exchange Board of India (Sebi) said the changes, effective immediately, are based on market feedback and recommendations of the Hybrid Securities Advisory Committee. Under the revised framework, sponsors and their groups must comply with the minimum unitholding requirements specified in the InvIT regulations at all times. The lock-in on such units will also be as per the regulations, the regulator said in a circular on Friday. The market regulator has also modified the procedural and disclosure norms for public offers during conversion to bring them in line with those applicable for follow-on offers. Accordingly, InvITs will have to adhere to the follow-on offer requirements under InvIT rules and related circulars, including any amendments. These changes will replace earlier references to 'initial offers" with 'follow-on offers" in several provisions of Sebi's norms for InvITs issued in May 2024, as per the circular. The revised framework, effective immediately, aims to protect investor interests, promote market development and ensure regulatory consistency. Sebi has directed recognised stock exchanges and the Bharat InvITs Association to disseminate the updated norms on their websites. PTI HG TRB view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
