Ex-Bundesbank Chief Weber Warns on ‘AI Aristocrats’ in Job Shock
FacebookXLinkedInEmailLinkGiftExpandAxel WeberPhotographer: Pascal Mora/BloombergFacebookXLinkedInEmailLinkGiftGift this articleContact us:Provide news feedback or report an errorConfidential tip?Send a tip to our reportersSite feedback:Take our SurveyNew WindowFacebookXLinkedInEmailLinkGiftBy Bloomberg NewsOctober 24, 2025 at 6:29 AM UTCBookmarkSave
Former Bundesbank chief Axel Weber has warned the coming disruption from artificial intelligence could usher in the rise of a new global elite that profits disproportionately from the adoption of the cutting-edge technology while leaving the rest worse off.
“We will see people who reap the benefits from this new technology in a way that we haven’t seen before,” Axel Weber, who’s also a former chairman of UBS Group AG, said on Friday during a panel discussion at the Bund Summit in Shanghai. “Like the sort of tech aristocrats and billionaires, we will see AI aristocrats.”
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