Motley Fool Money Apple’s Latest, Hot IPOs, and the Future of AI
Sep 17, 2021
Karen Hao, Senior AI editor at MIT Technology Review, joins the discussion, shedding light on the transformative effects of artificial intelligence across various industries. She explains the distinctions between AI and machine learning, and how investments are surging in this tech. The conversation navigates job creation spurred by AI, while also addressing concerns about job displacement. Listeners gain insights into the future landscape of work influenced by technology, making it a must-listen for anyone curious about the intersection of AI and business.
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Economic Resilience
- The US economy shows positive signs despite the Delta variant, with rising retail sales and near-pandemic-low jobless claims.
- Increased spending on goods like clothing and electronics offsets declines in services like travel and concerts.
Wage Growth Shift
- Wages for lower-skilled workers are rising faster than those for higher-skilled workers.
- This unusual trend may boost the economy as lower-wage earners tend to spend more of their increased income.
Apple's Incremental Upgrades
- Apple unveiled new iPhones, iPads, and Apple Watches with improved features like longer battery life.
- Some were disappointed by the lack of immersive technology, but Apple likely works on it, given Tim Cook's interest in such devices.