By Paul Smith
Publication Date: 2026-03-03 08:28:00
Two of Wall Street’s most influential investors have warned that companies and governments are unprepared for the employment disruption caused by the rapidly increasing sophistication of artificial intelligence.
Howard Marks, co-chairman of Oaktree Capital Management, said the mass layoffs at Jack Dorsey’s Block last week, involving 650 Australian Afterpay employees, were the “first canary in the coal mine” that would lead to even greater disruption.
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