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The Week We All Found Out

The Compound and Friends

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AI's Economic Impact and Job Market Shifts

This chapter explores the dynamic relationship between capital expenditures by major companies and the rise of artificial intelligence, highlighting rapid fluctuations in CapEx forecasts. It discusses the implications of AI on job markets, particularly for recent college graduates, noting a troubling decline in entry-level opportunities that could hinder socio-economic stability. The conversation offers a historical perspective on technological disruptions, emphasizing the cyclical nature of job creation and the potential for new opportunities amidst concerns of job losses.

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