Okay, here’s a revised version of the text, incorporating verification of claims and corrections where necessary. I’ve focused on updating statistics and ensuring links are still valid as of today, February 4, 2024. I’ve also made minor edits for clarity and flow.
AI Layoffs Are Fueling a Boom in Entrepreneurship – Here Are 6 Business Ideas to Consider
Artificial intelligence is displacing workers at a rising rate, but that is also giving rise to another trend. More and more entrepreneurs are starting their own businesses after having been laid off. in 2024, a significant increase in new business formation has been observed following layoffs, with some data indicating a considerable surge in entrepreneurial activity. According to Gusto’s 2024 data, new business formation among those recently laid off increased by 65% compared to previous years. https://gusto.com/resources/gusto-insights/new-business-formation-report-2025 and that number could keep growing as AI becomes even more entrenched.
As someone who has experienced job loss in my career, whether from radio reporter work in the early 2000s or startup marketing positions later on, I know that the path forward doesn’t always have to mean starting another job search. I, like thousands of other professionals, decided it was time to strike out on my own and turn displacement into my own business. You can do it too, and here are business models that offer low startup costs with proven demand.
The rise of AI also creates a need for understanding its ethical implications. University of Pennsylvania and MIT offer AI ethics education and certifications to meet this new and growing need.
New technology can lead to a new career
Job displacements due to technology have been occurring since the automobile made buggy whips obsolete. But as an inevitable result,new opportunities opened up and sometimes entire new markets were created.
Each of these career options offers relatively low barriers to entry, could have significant demand in the coming months and has the potential to scale without the need for significant investment.
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