Foxconn CEO forecasts AI will cut millions of manufacturing jobs

Foxconn CEO predicts AI will eliminate millions of low-skilled manufacturing jobs, raising concerns about widespread job displacement. The CEO of Foxconn, a major electronics manufacturer, stated that generative AI and robotics will reshape the labor market, potentially leading to significant job losses in sectors with lower GDP per capita. He urged leaders to address this serious issue. Foxconn is developing its own AI system, FoxBrain, for manufacturing tasks, integrating AI models. This comes as other companies are also using AI, leading to layoffs, including Microsoft and CrowdStrike, due to cost-cutting and efficiency goals.