Most tech executives have a practiced answer when AI and jobs come up. They talk about new roles. They mention productivity. They invoke history. Uber CEO Dara Khosrowshahi is not doing any of that. In a recent interview on The Diary of a CEO with Steven Bartlett, Khosrowshahi said he has heard executives privately admit the true scale of AI disruption. Then he watched those same people go on television and tell audiences everything will work out fine. "I understand the incentive," he said. Being honest ...

The USA has been in a recessionThe USA will probably go into a depression, but it won’t be like what happened in 1929 they’ll use it as an excuse to institute UBI and CBDC and enslave us.I don’t care about the textbook definitions economist create and changeCointelegraph (@Cointelegraph):🚨 NEW: Robert Kiyosaki warns private credit funds face heavy withdrawals, citing Jim Rickards declaring a US “New Depression.” https://t.co/vMCmoJrE9i ...

Core Insights - Tesla plans to increase its workforce, contrary to the trend of layoffs in various industries due to AI advancements [1] - Other companies, such as Atlassian and Block, are significantly reducing their workforce, with Block laying off 40% of its employees [2] - Musk predicts that robotics will eventually eliminate many jobs, leading to a need for universal basic income [3] Company-Specific Insights - Tesla's CEO, Elon Musk, stated that the company will not conduct layoffs and expects to raise headcount while increasing productivity per employee [1] - Atlassian announced a 10% workforce reduction as part of its investment in AI [2] - Block has laid off 4,000 employees, representing 40% of its workforce, citing AI as the primary reason for the cuts [2] Industry Trends - Companies across various sectors are turning to AI and robotics to address labor shortages, particularly for repetitive physical tasks [4] - The automotive industry, including Tesla, is investing in humanoid robots to replace manufacturing jobs [3]

The passive voice is doing a lot of work in these prognostications—jobs will simply “be automated” and roles will just “go away.” The disruption is presented as being like the weather—something we must prepare for, adapt to, endure. Hiding behind this phrasing is a very different reality: These changes are the downstream consequences of decisions made in specific boardrooms by specific people reacting to specific financial incentives.That reassurance is now being abandoned. The same week that Amodei’s inter ...

Before I start this video, you guys can go and follow Whitney down in the description below on X as well as check out all of her other social media accounts as well as, you know, content. She's an incredible journalist. So, if you guys do want to go check her out, it's going to be links down in the description below.And let's jump into the video. So, yeah, with all of that in mind, Whitney Webb is, you know, one individual from around finance, around tech, etc. that I have been listening to over the years. ...

Group 1 - Nouriel Roubini predicts U.S. GDP could approach 4% by the end of the decade, driven by a technology revolution rather than fiscal stimulus or deregulation [1] - Roubini estimates that productivity gains from technology could increase U.S. potential growth by 200 basis points, while tariffs and immigration policy could drag it down by 50 basis points, emphasizing that "Tech trumps tariffs" [2] - Prediction markets show skepticism about Roubini's optimistic GDP growth forecast, with a 24% chance of recession by the end of 2026 and only a 6% probability of growth exceeding 4% in 2026 [3] Group 2 - Roubini warns that the benefits of AI and automation may lead to a decrease in labor's share of income, resulting in a collapse of aggregate demand as workers lose purchasing power [4] - He suggests that Universal Basic Income may become necessary as a solution to manage permanent structural unemployment, indicating a need to redistribute wealth from winners to losers to avoid potential social unrest [5] - If Roubini's predictions hold true, a 2% productivity boom could justify capital expenditures and present current market selloffs as buying opportunities [6]

Nouriel Roubini of Roubini Macro Associates joins us now for more now. Good morning. Good to see you.Great seeing you. Walked into the studio and said no longer Dr. . Gloom, Dr.. Boom. Is that right. What's behind the new doctor.Boom. Well, I've been arguing for over a year that there's a productivity growth acceleration because of technologies of the future. Everybody's obsess about junior high, but there's also semiconductors, robotic automation, quantum fusion.The fans like fintech in material science, s ...

Financial Ecosystem Update for @StellarOrg is Live!Join SDF Dir. of Product @tori_samples and @KreiserMatt for key stablecoin, payment, RWA, and DeFi developments, like @usbank piloting its own stablecoin, and Marshall Islands running the first national onchain UBI on Stellar https://t.co/4wAa76AKeMMatt Kreiser (@KreiserMatt):@StellarOrg Financial Ecosystem Update, what you need to know:- In December, the Marshall Islands completed the world’s first onchain universal basic income disbursement by a national ...

Core Insights - The study indicates that it would require $318 billion annually, or 0.3% of global economic output, to eradicate extreme poverty worldwide [1][7] - Researchers from Stanford, UC Berkeley, and UC San Diego conducted the study, analyzing income data from 23 countries to determine the cost of raising individuals above the extreme poverty line of $2.15 per day (in 2017 dollars) [2] Economic Feasibility - The research suggests that wealthy economies, particularly the U.S., have the financial capacity to eliminate most extreme poverty if they choose to do so [3][7] - A targeted approach, which involves providing cash to those below the extreme poverty line, is estimated to cost about 19% of what a universal basic income (UBI) would cost [4] Comparative Analysis - The $318 billion required to end extreme poverty is a small fraction of global economic output, comparable to the $320 billion that major tech companies (Meta, Amazon, Alphabet, and Microsoft) plan to invest in AI research and data center expansion in 2025 [5] - This expenditure is significantly less than the 2.2% of global GDP spent annually on alcoholic beverages [5][7]

The Marshall Islands recently used Stellar to pay universal basic income, testing whether crypto can stand in for basic banking. https://t.co/FBtiKfMpOY ...