Anthropic co-founder and CEO Dario Amodei is warning that AI could eliminate half of all entry-level white-collar jobs within the next five years -- and overall unemployment potentially spiking between 10 and 20% during that period.

The prediction comes as new data from venture capital firm SignalFire shows Big Tech companies have already reduced their hiring of new graduates by approximately 50% compared to pre-pandemic levels, with AI adoption cited as a contributing factor. Amodei told Axios that AI companies and government officials are "sugarcoating" the risks of mass job displacement in technology, finance, law, and consulting sectors.

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