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19.05.26 - 14:12
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Billionaires are trying to lull us into AI complacency. Don′t let them | Steven Greenhouse (The Guardian)
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As resistance to data centers grows, Musk and others are painting a rosy picture. But the US must institute protectionsAs Americans grow increasingly worried that AI will wipe out millions of jobs and create a permanent new underclass, tech billionaires are rushing to reassure us not to worry – the subtext being: please don't bring out the anti-AI pitchforks.Even Elon Musk, who recently merged SpaceX with his AI company, has joined the effort, essentially telling people “don't worry, be happy” about AI. Musk wrote last month that “Universal HIGH INCOME via checks issued by the Federal government” would save everyone thrown out of work by AI.Steven Greenhouse is a journalist and author, focusing on labor and the workplace, as well as economic and legal issues Continue reading......
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19.05.26 - 13:36
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US Yields Near 2007 Highs; AI Push Fuels Job Cuts | Bloomberg Brief 5/19/2026 (Bloomberg)
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US equity futures slide and 30-year Treasury yield flirts with levels last seen in 2007. President Trump calls off scheduled strikes on Iran after Persian Gulf allies sought more time to work out a deal. Standard Chartered plans to eliminate nearly 8,000 jobs as the firm shift to AI, while Meta reassigns workers to AI roles ahead of planned job cuts. Christopher Hodge of Natixis discusses the challenges ahead for the Federal Reserve amid price pressure. (Source: Bloomberg)...
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19.05.26 - 13:30
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AMD CEO′s meeting with China′s vice-premier raises optimism about US AI chip imports (SCMP)
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A recent meeting between Chinese Vice-Premier He Lifeng and Advanced Micro Devices (AMD) CEO Lisa Su signals a potential loosening of US chip export policies, which could reopen high-end semiconductor sales, including artificial intelligence chips, to select Chinese firms, according to analysts.
During their meeting on Monday, He reiterated that Beijing welcomed continued foreign investment, according to Xinhua News Agency.
Su praised the outcomes of last week's summit between President Xi......
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