Kevin Hassett Says There’s No Evidence AI Is Replacing Jobs Yet
White House adviser Kevin Hassett says AI is not yet causing job losses despite ongoing tech layoffs tied to automation and productivity gains.
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White House adviser Kevin Hassett says AI is not yet causing job losses despite ongoing tech layoffs tied to automation and productivity gains.
OpenAI is launching a new initiative to partner with university student clubs around the world. The program will support AI education, student-led events, campus research, and early access to OpenAI tools and programs.
OpenAI has released three new realtime audio models for developers, including GPT-Realtime-2 for conversational AI agents, a live translation system supporting more than 70 languages, and a streaming speech-to-text model.
Alphabet plans its first yen-denominated bond sale as Big Tech increasingly turns to debt markets to finance AI infrastructure.
HSBC raised its year-end S&P 500 target, citing strong AI-driven earnings growth led by major technology companies.
Tether Data has introduced QVAC MedPsy, a family of compact medical AI models designed for smartphones, laptops, and edge devices. The company claims the models outperform significantly larger healthcare-focused systems while reducing inference costs and token usage.
Nvidia partners with Corning to expand U.S. optical fiber manufacturing, scaling AI data center infrastructure and domestic production capacity.
Elon Musk said xAI will cease operating as an independent company and become fully integrated into SpaceX under a new SpaceXAI structure. The move combines Musk’s AI models, compute infrastructure, and aerospace operations into a single organization.
Panthalassa has raised $140 million to scale offshore AI computing systems powered by ocean waves. The company says its floating infrastructure could help solve the energy and cooling constraints facing AI data centers.
Anthropic has signed a compute agreement with SpaceX that adds access to more than 220,000 NVIDIA GPUs at the Colossus 1 data center. The added capacity is already being used to raise Claude usage limits and API availability.
OpenAI’s rumored AI-focused smartphone could enter mass production in 2027, earlier than previously expected, according to analyst Ming-Chi Kuo.
Formula 1 teams are expanding AI partnerships to improve race strategy, engineering, and operational efficiency. The shift is driving new sponsorship deals and higher technology spending across the sport.
Unity Technologies has introduced an open beta of Unity AI, an in-editor assistant designed to speed up game development through generative tools. The release signals deeper integration of AI into game creation workflows.
Former Oracle employees say they were asked to help train internal AI systems before being laid off, as the company shifts resources toward data centers and AI infrastructure.
A growing trend in China allows users to create AI replicas of former partners using personal data. The practice is raising concerns about privacy, emotional dependency, and relationships.