Skip to content
South African Live
Menu
  • Home
  • News
  • Politics
  • Entertainment
  • Fashion
  • Sports
  • Tech
  • Business
  • About us
Menu

Gen Z has stopped buying the AI dream

Posted on May 20, 2026
56
Gen Z has stopped buying the AI dream - Eric Schmidt
Eric Schmidt. Marco Bello/Reuters

The AI revolution is here and the boos are getting louder. As artificial intelligence reshapes industries and markets around the world, a sense of dread is deepening among young “digital natives” now entering the workforce, fearful of the impact on jobs and daily life as ChatGPT, Claude and Gemini become household names.

In a speech this week, former Google CEO Eric Schmidt told graduating University of Arizona students that the impact of AI would be “larger, faster and more consequential” than anything before.

“It will touch every profession, every classroom, every hospital, every laboratory, every person and every relationship you have,” he said as boos rang out even as he addressed anxieties about job security and an uncertain future.

An April report from Gallup showed that a rising number of Generation Z were anxious about AI

How real those fears are was on show in an announcement by Standard Chartered on Tuesday that it will cut over 7 000 jobs and replace “lower-value human capital” with AI.

Many tech firms are also cutting staff, citing AI. Meta, which is installing tracking software on US-based employees’ computers to train its AI model, is planning to lay off 10% of its workforce globally starting this month.

Amazon.com has axed some 30 000 corporate jobs in recent months as it pushes AI and efficiency, while in February fintech firm Block cut nearly half its staff. The Iran war is also softening hiring.

‘Rational’

Schmidt acknowledged the young generation’s fears and called them “rational”, but just like the current top executives he painted the change and disruption AI was bringing as something inevitable that everyone needed to adapt to.

However, even as CEOs embrace AI, there have been signs of pushback: from Chinese courts, to unions at South Korean car makers, Hollywood scriptwriters and India’s film industry.

Read: Vatican confronts the age of artificial intelligence

And perhaps the clearest sign of discomfort with the vision of the world offered by tech companies is the rising discontent among America’s youth.

An April report from Gallup showed that a rising number of Generation Z — those born between 1997 and 2012 — were anxious or angry about AI, while those who said they were hopeful or excited by it had fallen sharply compared with a year earlier.

AI jobs

Nearly half of respondents said the risks of AI outweigh the benefits, while 15% said it was a net positive, a much bleaker view than a year ago. Most recognised the need to be AI-savvy but said it hindered deeper learning and creativity.

“Negative emotions have intensified over the past year,” the report’s authors wrote and noted that usage was starting to plateau. “Young adults in the workforce are significantly more likely to view AI as a risk than a benefit.”

The data did show that positive views of AI increased with the level of usage and decreased among those who used it less.

What happened? Okay, I struck a chord… Only a few years ago AI was not a factor in our lives

Schmidt’s frosty reception followed other recent shows of anger at AI. At the University of Central Florida on 8 May, real estate executive Gloria Caulfield was similarly heckled and booed over a commencement speech on AI.

“The rise of artificial intelligence is the next Industrial Revolution,” she said as boos rang out, catching her off guard. “What happened? Okay, I struck a chord… Only a few years ago AI was not a factor in our lives.”

The room burst out in cheers.  — Adam Jourdan, (c) 2026 Reuters

Get breaking news from TechCentral on WhatsApp. Sign up here.

Recent Posts

  • Bomb Productions breaks silence on Nirvana Nokwe claims against Bonko Khoza
  • Cornet Mamabolo opens up about playing Peter Mokaba in upcoming film
  • Kaizer Chiefs’ next coach: Two leading candidates
  • Morero rushes to keep lights on in Joburg
  • Smart money habits worth adopting

First established in 2020 by iReport Media Group, southafricanlive.co.za has evolved to become one of the most-read websites in South Africa. Published by iReport Media Group since 2020, find out all about us right here.

We bring you the latest breaking news updates, from South Africa and the African continent. South African Live is an independent, no agenda and no bias online news disruptor that goes beyond the news and behind the headlines. We believe what sets us apart is that we deliver news differently. While we hold ourselves to the utmost journalistic integrity of being truthful, we encourage a writing style that is acerbic and conversational, when appropriate.

LATEST NEWS

  • Bomb Productions breaks silence on Nirvana Nokwe claims against Bonko Khoza
  • Cornet Mamabolo opens up about playing Peter Mokaba in upcoming film
  • Kaizer Chiefs’ next coach: Two leading candidates
  • Morero rushes to keep lights on in Joburg
  • Smart money habits worth adopting

Menu

  • Entertainment
  • Business
  • Politics
  • Tech
  • Fashion
  • Sports
  • About us
©2026 South African Live | Design: Newspaperly WordPress Theme