The CEO of Retool, David Hsu, predicts that artificial intelligence will significantly impact the labor market by 2025, with AI becoming capable of replacing many jobs currently performed by humans. Hsu argues that AI’s capabilities are advancing rapidly, and the technology is becoming increasingly cost-effective compared to human labor. He emphasizes that AI’s impact will be particularly noticeable in knowledge work and software development, where AI can already handle many tasks more efficiently than humans. The article highlights how AI tools are becoming more sophisticated and accessible, with companies like Retool integrating AI capabilities into their platforms. Hsu points out that while initial AI implementation costs may be high, the long-term savings in labor costs make it an attractive investment for businesses. He also discusses how AI’s role will evolve from being a tool that augments human work to potentially replacing certain job functions entirely. The piece addresses concerns about job displacement but suggests that new roles will emerge as AI technology creates different types of employment opportunities. The article concludes by emphasizing that businesses need to prepare for this transition and that workers should focus on developing skills that complement AI rather than compete with it.
Source: https://www.businessinsider.com/ai-application-company-retool-says-ai-here-to-replace-labor-2025-5