Overview
- At Reuters NEXT, executives described AI as reshaping work, with one startup CEO saying new clients now ask how soon they can cut about 30% of staff.
- AI pioneers Stuart Russell and Geoffrey Hinton intensified cautions, with Russell saying leaders are staring at 80% unemployment and Hinton calling large-scale job losses very likely.
- BlackRock’s latest outlook argues that even with productivity gains, breaking the U.S. long-run ~2% per-capita growth trend would be a tall order.
- Connecticut’s comptroller warned about AI bubble risks and highlighted infrastructure pressures, noting electricity is becoming the limiting factor for data-center expansion.
- NTT DATA’s chief forecast a short-lived AI bubble followed by a stronger rebound as adoption catches up, while researchers expect public use of AI for information to keep growing even after any correction.