Read the letter Eric Schmidt, Reid Hoffman, and top economists signed warning about AI's threat to jobs

A coalition of over 200 esteemed economists, industry leaders, and researchers, including more than a dozen Nobel laureates, has issued a pressing call regarding the potential threats posed by artificial intelligence to the job market. This concise 88-word letter, titled "We Must Act Now," emphasizes the urgency of addressing AI's rapid advancement, predicting it could become "radically more powerful" within the next ten years. The signatories urge global policymakers to establish protective measures for the technology to prevent significant job losses. Notable names among the signatories include former Google CEO Eric Schmidt, LinkedIn cofounder Reid Hoffman, and Nobel Prize winners Joseph Stiglitz, Daron Acemoglu, and Simon Johnson. Additionally, Google AI lead Jeff Dean, Anthropic cofounder Jack Clark, and OpenAI's finance chief Sarah Friar have also lent their voices to this crucial appeal. The letter, organized by the Stanford Digital Economy Lab and subtitled "A Statement on AI's Transformation of the Economy," serves as a rallying cry for immediate action to safeguard the future of work in an increasingly automated world.