Bybit CEO Ben Zhou expressed skepticism about companies attributing layoffs to AI advancements, suggesting that some firms may use AI as a pretext for job cuts. In an April 23 interview, Zhou stated that while AI adoption is increasing, it is unlikely to replace a significant portion of the workforce in the near term. He highlighted the difficulty in quantifying AI's efficiency gains, noting that internal spending on large-model tokens is rising without clear evidence of productivity improvements. Zhou compared AI's current impact to the initial adoption of Excel, emphasizing that its transformative potential across departments remains to be fully tested.