AI Job Displacement Key Topic of Discussion

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The crypto community has taken a keen interest in artificial intelligence of late, including discussing its potential to replace humans in jobs, according to the onchain analytics platform Santiment. 

Santiment’s Alpha Narratives dashboard found on various social media channels like X, between May 29 and June 5, users were discussing various aspects of AI, including job displacement, efficiency and effectiveness in industries, more than crypto, the platform said in a June 9 post on X.

There has been growing debate around the potential for AI to take jobs weighed up against its possible benefits. Multinational strategy and management consulting firm McKinsey has predicted that by 2030, 30% of current US jobs could be automated, and 60% significantly altered by AI tools

AI agents and the potential for decentralized infrastructure

Along with the potential for AI to cause job displacement, users were also discussing AI agents and the potential for decentralized infrastructure to explode in adoption.

Technology, Social Media, Data
Source: Santiment

Blockchain firms have already started integrating AI into blockchain to enhance user experiences and operational efficiency. Decentralized AI infrastructure provider Kite AI launched an AI-focused testnet on Feb. 6.

A day earlier, on Feb. 5, the 0G Foundation launched an $88.88 million ecosystem fund to accelerate projects creating AI-powered decentralized finance applications and autonomous agents.

AI use in everyday life

Additionally, Santiment found crypto social media users were focused on AI in everyday tasks such as cooking toast, driving cars and financial security in the era of AI and the development of community-built agents for debugging code.

“Overall, the messages highlight the increasing presence and impact of AI in various aspects of society,” Santiment said.

Santiment found social media users have been focused on AI’s potential to take jobs and its use in tasks. Source: Santiment

AI algorithms can analyze vast amounts of data and are already being used as personal assistants, for customer service, chatbots and self-driving cars.

An April 23 CoinGecko survey even found that a majority of crypto users were willing to allow AI agents to manage part of their investment portfolios.

Crypto whales and memecoins, other points of interest

Santiment’s Alpha Narratives dashboard tracks top words that are grabbing major interest on social media and driving the crypto markets, according to its methodology.

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Other narratives of interest on social media last week included the accumulation of crypto from whales like millionaire crypto trader James Wynn, who was liquidated of nearly $25 million in Bitcoin on June 4 after betting with leverage that the cryptocurrency’s price would rise.

Strategy’s recent Bitcoin (BTC) buys, Solana, Loud Token, and various memecoins also saw significant social volume spikes during the same time frame. 

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