Google DeepMind economist sees no AI jobs bloodbath yet, but warns of a layoff cascade

A Google DeepMind economist, Alex Imas, stated there is no evidence of widespread AI-driven job losses but warned of a potential 'cascade effect' of layoffs driven by corporate panic. He emphasized that current data does not show a 'white-collar bloodbath,' though AI could automate tasks to boost productivity. Google DeepMind reiterated that the scenario discussed was hypothetical.