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Stock impact report

Not today, AI: Despite corporate hype, few signs that the tech is taking jobs — yet [MSNBC.com]

Goldman Sachs Group, Inc. (The) (GS) 
Last goldman sachs group, inc. (the) earnings: 4/15 07:30 am Check Earnings Report
US:NYSE Investor Relations: goldmansachs.com/investor-relations
Company Research Source: MSNBC.com
The job market has begunlooking shakierNot a whole lot. At least not yet.A review of employment surveys, interviews with labor market analysts and recent company earnings reports shows little evidence, so far, that would support assertions of a widespread economic impact from AI’s growing usage.“It’s such an emotional thing for people, many of whom are determined to see it in the data,” said Martha Gimbel, executive director and co-founder of the Budget Lab at Yale University and a former President Joe Biden economic adviser. “And it’s just not there yet.”Much is riding on the payoff from AI. The stock market has been hitting record highs largely thanks to gains from tech giants like Nvidia, Google parent Alphabet, parent Meta and Microsoft, which have made enormous investments in pumping out AI-related products.For precisely that reason, analysts say, some businesses may be incentivized to hype AI’s potential as a disruptive force. Through the end of July, the term “AI” has been cit Show less Read more
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