Donald Trump’s newly appointed AI and crypto czar, David Sacks, has responded to growing concerns that artificial intelligence (AI) is causing significant job losses in the United States. His remarks came amid a flurry of media reports that AI was 'wreaking havoc' on employment. Sacks claimed these headlines distorted facts and caused needless worry.

Last month, the 'Challenger Gray' report of October, which monitors layoffs, showed an unusually sharp rise in job cuts due to AI. The figures were used by several media outlets as evidence of rapid and disruptive changes in the labour market.

However, Sacks and other economists have since cast doubt on this interpretation of the data.

On X (formerly Twitter), Sacks clarified that the spike of October layoffs was a statistical anomaly, acco

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