Is Generative AI Creating More Jobs?
The blog questions whether generative AI is truly net‑creating jobs, noting recent AI‑driven layoffs such as Coinbase’s 14% staff cut. It contrasts hype from executives who claim AI accelerates delivery with economists like Torsten Slok who argue the disruption will shift white‑collar work rather than eliminate it. Historical analogues, including early‑2000s Chinese manufacturing automation and the Jevons paradox, are invoked to illustrate how efficiency gains can reshape labor demand. Early signals show mixed effects, with some roles expanding (product strategists) while others face pressure (entry‑level positions).
The Landowners of AI
The post argues that AI is consolidating power in a handful of U.S. Big Tech firms—hyperscalers, cloud providers, ad platforms, and chip makers—who own the compute infrastructure and equity stakes in AI startups. Recent earnings from four of the Magnificent...
What Amazon's Shareholder Letter Says About the Future of American AI
Amazon’s 2026 shareholder letter revealed a $200 billion capital‑expenditure program aimed at scaling generative‑AI infrastructure across its cloud, hardware and consumer divisions. CEO Andy Jassy highlighted the company’s strategy to compete directly with OpenAI, Nvidia, Google and even SpaceX’s AI ambitions,...