00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Amazon Web Services CEO Matt Garvin warned business leaders against replacing junior
00:06employees with AI, calling it one of the dumbest things he's ever heard. On the Matthew Berman
00:10podcast Tuesday, Garvin said junior employees are the most cost-effective and adaptable to AI
00:15integration. He warned that replacing them risks leaving companies without skilled workers in the
00:19future. Garvin emphasized the long-term career value in an AI-driven market will not come from
00:24neurodegrees or single-skill expertise. He advised students to focus on critical reasoning,
00:28creativity, and adaptability as technology advances. Remarks follows the Amazon CEO Andy
00:34Jassy's June announcement that AI will shrink the corporate workforce and strew mixed employee
00:38reactions. Amazon has committed over $100 billion to AI infrastructure, including $13 billion for
00:44Australian data centers through 2029, while freezing retail hiring budgets.
00:48For all things money, visit Benzinga.com.
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