Markets

What smart people are saying after Fed chair Kevin Warsh’s debut

Warsh’s first meeting as Fed chair made clear that he wants to update how the central bank operates and communicates, SoFi chief market strategist Liz Thomas wrote, pointing to his new task forces and a shorter policy statement that dropped forward guidance.”While this gives the market less to react to,…

A Google veteran who founded Character.AI is jumping to OpenAI

Noam Shazeer, a co-lead at Gemini and the founder of Character.AI is leaving Google to join OpenAI in the latest AI talent war move.In an X post on Wednesday, Shazeer announced his departure and said he looks forward to working with the “exceptional team” at the ChatGPT maker.”It was a…

Debbie Downer found a new thing to worry about: AI and data centers

Womp, womp. Debbie Downer is back. And she’s talking about AI.On Sunday, Rachel Dratch — the “SNL” alum currently starring in Broadway’s “Rocky Horror Show” revival— gave a commencement speech to graduates at Dartmouth College.Like many commencement speakers this season, Dratch brought up the impact of AI on careers. Unlike…

Jeff Bezos says AI could create a labor shortage, not mass unemployment

Jeff Bezos predicts AI will do the opposite of what most people fear.Speaking at the VivaTech conference in Paris on Wednesday, the Amazon founder pushed back on growing fears that AI will eliminate large numbers of jobs. Instead, he said that the technology will unlock new opportunities and increase demand…