Crypto-AI Chief Says AI Job Loss Fears Are Overhyped

- David Sacks argues AI still requires human oversight for meaningful business value. - Microsoft study highlights knowledge-based roles most impacted by AI, including crypto-related positions. David Sacks, the White House's crypto-AI tsar, stated that concerns over mass job losses from artificial intelligence are "overhyped," emphasizing that AI still depends heavily on human oversight to deliver real business contributions. On August 4, 2025, Cointelegraph reported his remarks, which came in response to a Microsoft research study evaluating how AI could impact specific job roles. To assign “AI applicability scores” to various professions, the Microsoft study analyzed 200,000 anonymized Bing Copilot interactions. The study found that news analysts, reporters, and technical writers—roles common in the cryptocurrency industry—ranked among the most vulnerable to AI integration, scoring between 0.38 and 0.39. In contrast, data-intensive jobs like market research analysts and data scientists scored lower, ranging from 0.35 to 0.36. The research also identified customer service representatives as highly susceptible to AI adoption. Sacks' comments arise against the backdrop of sluggish job growth in the cryptocurrency sector. For instance, job board data shows that CryptoJobsList.com posted only 38 new positions in July, while Remote3.co added 69 roles. This decline mirrors a broader trend in the United States labor market, as the Department of Labor reported that the U.S. added only 73,000 new jobs in July, significantly below the 100,000 projected by Dow Jones analysts. Former Coinbase CTO Balaji Srinivasan also supported Sacks’ perspective, asserting that AI enhances human capabilities rather than simply replacing jobs. Srinivasan suggested that as AI takes over functions previously handled by older models, humans are freed to expand their skill sets and increase their productivity.