Hunter Biden warns of possible ‘mass extinction event’ in US — says AI could destroy 3.5M jobs across country

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can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's howDave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here’s what it is and 3 simple steps to fix it ASAPRobert Kiyosaki says this 1 asset will surge 400% in a year — and he begs investors not to miss its ‘explosion’In a recent interview with YouTuber Andrew Callaghan, Biden described an up-close example of how artificial intelligence can reshape an industry that employs millions across the country.“I met somebody that owns fast food franchises, his McDonald's employs 55 people. He went all AI — it's about a $2 million investment per McDonald's. He only employs five people now, so his margins go up by like 27% and it'll make back the $2 million investment in under like 18 months,” Biden told Callaghan [1].While that may sound like a savvy business move, Biden warned of dire consequences if more McDonald’s owners adopt similar technology.“Think about this. There's about 13,500 McDonald's in the United States of America. I did the math. If every one of them went down to five from 55 — lost 50 jobs on average — it's 670,000 jobs in America. It's a certainty. And that's just McDonald's,” he explained.He added that if other chains followed suit, the impact could be devastating.“You think that Burger King, Wendy's, Taco Bell — across the board, you're talking probably three and a half million jobs in the fast food industry alone, that will [be replaced with] AI easily within the next five years, if not three years,” Biden said.The concern isn’t unfounded. According to the Bureau of Labor Statistics, about 3.68 million fast food and counter workers were employed in the U.S. as of May 2023 [3]. If mass adoption of AI replaced a substantial portion of those workers — as in Biden’s McDonald’s example — it would mean major job losses and a spike in unemployment.Biden said the realization forced him to rethink AI entirely.“I've flipped my thinking about this whole AI thing, you're either going to have a mass extinction event, or it's going to be really good with a rough patch in the middle,” he said.Trending: Warren Buffett used 8 simple money rules to turn $9,800 into a stunning $150B — start using them today to get rich (and then stay rich)He didn’t elaborate on how a “mass extinction event” might unfold, but he did sketch out a best-case scenario: supercomputing power and AI deployment accelerating breakthroughs such as nuclear fusion.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,894.00 +22.50 (+0.33%)Dow Futures48,144.00 +114.00 (+0.24%)Nasdaq Futures25,781.50 +140.75 (+0.55%)Russell 2000 Futures2,474.50 +8.30 (+0.34%)VIX17.12 -0.16 (-0.93%)Gold4,137.80 +21.50 (+0.52%)PortfolioSign in to access your portfolioSign inTop gainersEWTX Edgewise Therapeutics, Inc. 21.48 +3.20 (+17.51%)LB LandBridge Company LLC 85.55 +10.55 (+14.07%)DNLI Denali Therapeutics Inc. 17.58 +1.98 (+12.69%)APGE Apogee Therapeutics, Inc. 62.95 +6.18 (+10.89%)CWAN Clearwater Analytics Holdings, Inc. 18.40 +1.71 (+10.25%)Top losersLIF Life360, Inc. 72.79 -20.51 (-21.98%)CRWV CoreWeave, Inc. 88.39 -17.22 (-16.31%)BTDR Bitdeer Technologies Group 15.02 -2.63 (-14.90%)CENX Century Aluminum Company 27.88 -4.43 (-13.71%)WULF TeraWulf Inc. 12.37 -1.93 (-13.50%)Most activeOPEN Opendoor Technologies Inc. 8.48 +0.51 (+6.40%)PLUG Plug Power Inc. 2.5300 -0.0300 (-1.17%)NVDA NVIDIA Corporation 193.16 -5.89 (-2.96%)BBAI BigBear.ai Holdings, Inc. 6.06 +0.35 (+6.13%)PFE Pfizer Inc. 25.51 +1.12 (+4.59%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersCRCL Circle Internet Group 98.30 -5.80 (-5.57%)AMD Advanced Micro Devices, Inc. 237.52 -6.46 (-2.65%)BTC-USD Bitcoin USD 104,942.16 -20.84 (-0.02%)ONON On Holding AG 35.18 +0.22 (+0.63%)ETH-USD Ethereum USD 3,545.97 -21.50 (-0.60%)Top economic events