Morgan Stanley predicts AI won’t let you retire early: Instead, you’ll have to train for jobs that don’t exist yet

Tech titans and stock market investors are increasingly unified in their forecast that artificial intelligence will permanently eliminate millions of white-collar jobs and render traditional employment obsolete.

Software and services stocks have taken a beating, with software multiples pulling back by roughly 33% since late 2025 as investors fret over AI’s potential to automate vast swaths of knowledge work. Earlier this year, Elon Musk predicted that AI and humanoid robots will make...