Jared Franz

Jared Franz, a U.S. economist at Capital Group, dives into the complex relationship between AI and jobs. He explores which roles face the greatest threat from AI, particularly in the software sector. The discussion includes the importance of not neglecting entry-level hires to ensure future workforce development. Jared emphasizes the resilience of economic growth despite stagnant hiring and presents strategies to adapt careers amidst AI advancements. He also shares insights on potential policy responses and the possibility of universal basic income.

Mark Casey, a portfolio manager dissecting key AI developments, and Jared Franz, an economist analyzing AI adoption rates, dive into the transformative world of artificial intelligence. They explore the potential for autonomous vehicles and the AI stack, while considering the looming threat of an 'AI winter.' The duo discusses the competitive landscape among tech giants and the economic implications of AI investments, balancing excitement with caution regarding market volatility and operational hurdles. A compelling mix of optimism and realism around AI's future awaits!

In a captivating discussion, U.S. economist Jared Franz dives into the profound impact of AI on economies and labor markets. He highlights the technology's hype versus reality, revealing that only a mere 5% of U.S. enterprises have adopted AI despite its advancements. Franz warns of an impending AI winter, stemming from the vast resources required for AI infrastructure. He also explores the rise of smaller language models and the skepticism surrounding artificial general intelligence. Tune in for valuable insights into AI's complex future!