AI could eliminate jobs, but may create new class of entrepreneurs

Homepage > News > Business > AI could eliminate jobs, but may create new class of entrepreneurs TL;DR: Artificial intelligence (AI) is changing jobs while making it easier for individuals to run businesses. In the Philippines, banking leaders say affordable credit and better ways to assess solo entrepreneurs could determine whether AI helps more workers become business owners. Key Takeaways: AI can automate tasks without necessarily eliminating entire jobs, with routine data-processing roles particularly exposed. AI tools can help one-person companies handle research, marketing, customer service, bookkeeping, and administrative work. The Philippines has 74.95 million working-age people and a median age of 27.7, according to PSA’s 2024 Census of Population data. Banking leaders said wider access to SME financing is critical to encouraging more Filipinos to pursue entrepreneurship. Table of Contents: AI rewrites work and entrepreneurship AI automates tasks, not always jobs From worker to founder FAQs As AI takes over routine work, some jobs may disappear, but the technology is also making it possible for one person to build and run a business. So how can workers benefit from...