PJT CEO Warns AI Will Leave ‘A Lot of Roadkill’ as Tech Spreads

PJT Partners Inc. Chief Executive Officer Paul Taubman warned that many businesses will become “roadkill” as artificial intelligence disrupts sectors across the economy.

“I don’t think the market has fully appreciated that it’s not necessarily a soft landing to get from all the growth and investment and world-changing capabilities of AI, but there’s going to be a lot of roadkill left behind,” Taubman said in an interview Wednesday on Bloomberg Television.

The “AI scare trade” has recently been pummeling stocks in sectors including software and wealth management as investors weigh the potential impacts the technology might have. At the same ...