Unemployment Crash
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Breaking: Bill Gates TURNS on AI, WARNS of bioterror, danger, unemployment CRASH (Melber breakdown)
MSNBC· 2026-08-28 00:05
Industry Trends & Market Dynamics - Public backlash and revolt against artificial intelligence are mounting and shaping midterm elections, with voters and both political parties pushing back against data setters and the artificial intelligence onslaught [1] - Technology corporations have spent the past three years seeking hundreds of billions of dollars in a race driven by financial profit rather than ancillary goals, while ignoring critical technology milestones and safety risks [9][13] - Major artificial intelligence tools are actively being deployed in real-world military conflicts, including drones guided entirely by artificial intelligence that killed three Ukrainians on the battlefield [24] Risk Management & Regulatory Insights - Microsoft founder Bill Gates published an essay exceeding 5,000 words detailing the risks of current artificial intelligence deployment and structural capitalist problems, noting that industry leaders privately acknowledge risks they do not admit publicly [2][10][11] - Technology executives knowingly downplay artificial intelligence threats because trillions of dollars in fundraising and investments are on the line [10][11] - Self-regulation by technology companies is deemed highly dangerous, prompting growing bipartisan pressure for external regulation and government oversight [13][14] Corporate Performance & Economic Policy - Microsoft, formerly run by Bill Gates, is an early funder of OpenAI and its ChatGPT technology, which powers over 75% of the world's personal computers through the Windows operating system [6][21] - In 1995, fewer than 1% of the world's population had internet access before Microsoft innovations made computing and the internet synonymous with modern life [21][22] - Bill Gates proposed regulatory measures including legal protection for human jobs, taxation on artificial intelligence energy systems (expensive tokens), and international monitoring, breaking with other billionaires like Google's Sergey Brin who spend millions to oppose billionaire wealth taxes [17][18]