Marc Andreessen, co-founder of Netscape and venture firm Andreessen Horowitz, dismissed fears of AI-driven job losses as 'all fake,' predicting a 'massive jobs boom.'
His optimism contrasts with recent corporate actions, including Block’s 40% staff cut and Crypto.com’s 12% reduction, both tied to AI integration.
Oracle reportedly cut up to 30,000 jobs to fund AI initiatives, while Bitcoin miner MARA laid off 15% of its workforce.
Despite these developments, Andreessen argues that AI will drive productivity and job growth. However, critics question whether benefits will reach average workers.
He is a major backer of U.S. crypto and AI startups.