Anthropic's top economist says AI won't replace workers yet. Mark Cuban says it trails humans in 2 key ways. (www.businessinsider.com)

Anthropic's chief economist, Peter McCrory, asserts that AI is not yet displacing jobs, primarily because it enhances human productivity rather than replacing it. In an essay published on X, McCrory noted that the unemployment rate has remained stable despite fears of automation, particularly among jobs that are most susceptible to AI. He characterized AI as both "skill-biased and labor augmenting," helping skilled workers perform better, while also indicating that there are crucial tasks involving human interaction and physical engagement where AI remains ineffective. Tech billionaire Mark Cuban echoed McCrory's sentiments, pointing to two critical areas where humans currently outperform AI: understanding the consequences of actions and having real-time situational awareness. These skills are essential for effective business decision-making and are unlikely to be replicated by AI any time soon. Cuban emphasizes the importance of blending AI productivity with human judgment to achieve optimal business outcomes. While he acknowledges the rush to develop AI infrastructure might lead to overcapacity, he warns that companies must adopt AI technologies to remain competitive, as the market will increasingly favor those who excel in this area.