Dalio warns of a “great deleveraging” where AI accelerates productivity but displaces workers faster than new roles emerge, potentially within two decades. Larry Fink, the CEO of Black Rock, speaking at the Economic Club of New York this month, cautioned that AI’s impact is already visible in sectors like finance and legal services, predicting a “restructuring” of white-collar work by 2035. Jamie Dimon, CEO of JPMorgan Chase, estimates in his shareholder letter that AI will dominate repetitive tasks within 15 years.
The actual pace depends on technological breakthroughs, regulatory frameworks, and economic incentives. Hedge fund billionaire Bill Ackman, who runs Pershing Square, argues that corporate adoption of AI is accelerating due to cost pressures, potentially shrinking timelines.