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Aswath Damodaran, a professor at NYU Stern School of Business, argued on October 24, 2026 that if AI succeeds in corresponding to a $10 trillion to $15 trillion addressable market, that figure is actually "frightening." He explained that such a scale can only be achieved if AI replaces human work rather than merely serving as a tool. He also warned that if this scenario comes true, half of white-collar workers will lose their jobs, and society will face a dual loss of income and meaning in life. Currently, this judgment is reported by a single source, with no subsequent factual developments.
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Damodaran: The premise of a trillion-dollar AI market is replacing human workDevelopments
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Damodaran says the AI trillion-dollar market narrative is terrifying
Source:Rohan Paul
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Oct 24
Rohan Paul
Damodaran: The premise of a trillion-dollar AI market is replacing human work
Aswath Damodaran, professor at NYU Stern School of Business, said that if AI successfully corresponds to an addressable market of 10 trillion to 15 trillion US dollars, this number is actually "terrifying," because this scale can only be achieved if AI replaces human work rather than merely serving as a tool. He warned that if this scenario comes true, half of white-collar workers will lose their jobs, and society will face the dual loss of income and meaning in life.