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News
‘Not an Allbirds Moment’: Xbox’s CEO says she is grounding the console in gaming roots not AI
3+ mon, 4+ day ago (615+ words) Asha Sharma believes Xbox can return to its winning ways by refocusing on its core gaming principles. That has been a top priority for Sharma since taking over as chief executive of Xbox in February, an appointment that surprised some…...
The AI job apocalypse is 'unhelpful marketing, bad economics and worse history,' a16z says
4+ mon, 6+ day ago (396+ words) The doomsday forecasts have been building for years: AI will hollow out the white-collar workforce, destroy entry-level jobs, and create a permanent underclass of technologically displaced workers. Now, one of Silicon Valley’s most influential firms has published a detailed rebuttal…...
Dario Amodei spent last year warning of an AI white-collar bloodbath. Now he's changing the narrative
4+ mon, 1+ week ago (510+ words) For most of last year, Dario Amodei was one of Silicon Valley’s most prominent doomsayers on AI and employment. The Anthropic CEO said publicly and repeatedly that AI could eliminate half of entry-level, white-collar knowledge work within years — the kind…...
BofA throws cold water on AI apocalypse panic: 60% of today's jobs didn't exist in 1940
4+ mon, 1+ week ago (1043+ words) The doomsday crowd may want to check its history books. The bank’s central argument is simple: 60% of the jobs that exist in the United States today didn’t exist in 1940. Data scientists, social media managers, and cloud developers “barely existed 20 years…...
New college grad unemployment will spike to 35% in 2 years, senator warns, forcing 'Dario, Sam' to quit AI fear-mongering
5+ mon, 2+ week ago (603+ words) Regardless of whether AI will lead to a “job apocalypse” or make work optional, Sen. Mark Warner (D-VA) is warning “the battle of our time will be AI”—and he predicts it’ll be particularly difficult for new grads entering the…...
Sam Altman admits AI is killing the labor-capital balance—and says nobody knows what to do about it
6+ mon, 1+ day ago (713+ words) Fortune Sam Altman admits AI is killing the labor-capital balance—and says nobody knows what to do about it Speaking at the BlackRock Infrastructure Summit, OpenAI CEO Sam Altman tackled the growing public skepticism surrounding artificial intelligence, acknowledging the warning…...
AI isn’t killing jobs yet, but CEOs are using layoffs to fund a $2.5 trillion arms race
6+ mon, 3+ day ago (358+ words) Good morning. Is AI really killing U.S. jobs? Brad Conger doesn’t think so. As the chief investment officer of Hirtle Callaghan asserts to my colleague Shawn Tully, “AI’s not replacing jobs, but job cuts are funding AI expenditures.” Conger has a…...
Anthropic just mapped out which jobs AI could potentially replace. A 'Great Recession for white-collar workers' is absolutely possible
6+ mon, 1+ week ago (527+ words) The invention of electricity made menial jobs like the lamplighter, the elevator operator, and the knocker-up, the human equivalent to the modern alarm clock, irrelevant. The computer rendered the data entry clerk, the switchboard operator, and file clerks obsolete. In…...
Ex-presidential candidate Andrew Yang warns that millions of white-collar workers will lose their jobs within 18 months: 'The AI jobpocalypse is here"
6+ mon, 2+ week ago (695+ words) The artificial intelligence boom has fueled grand promises: Cures for cancer, self-driving metropolises, and even interplanetary travel. It’s also powered a stock market surge that’s padded plenty of retirement accounts. But beneath the optimism, entrepreneur and former presidential candidate Andrew…...
The godfather of AI predicts mass unemployment is on its way. This CEO warns even a 10% reduction 'will feel like a depression"
7+ mon, 2+ day ago (496+ words) In 1997, IBM supercomputer Deep Blue defeated the reigning world chess champion Garry Kasparov. In 2023, ChatGPT passed the bar exam. And last year, Google DeepMind clinched gold at the International Math Olympiad. These milestones are only expected to accelerate, with some…...