Overview
- In a Bloomberg TV interview, the AI pioneer said companies cannot recoup massive AI investments without displacing human labor.
- Bloomberg projects Microsoft, Meta, Alphabet and Amazon will raise AI capital spending to about $420 billion next fiscal year.
- OpenAI has recently announced roughly $1 trillion in infrastructure partnerships with Nvidia, Broadcom and Oracle.
- Reported analyses indicate job openings have fallen roughly 30% since ChatGPT’s launch, with early impacts concentrated at entry level.
- Amazon said it will cut about 14,000 mostly middle-management roles this week, and a June memo from CEO Andy Jassy anticipated a smaller corporate workforce as AI-driven efficiencies take hold.