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Cory Doctorow warns $1.4tn AI bubble threatens economy as reverse centaur workers multiply

Tech journalist Cory Doctorow's new book The Reverse Centaur's Guide to Life After AI tackles the growing economic threat posed by AI industry hype. He warns that the AI bubble has grown from $700bn to $1.4tn, with nine tech companies now accounting for 35% of US stock market valuation. Doctorow argues AI is a conjuring trick rather than genuine intelligence, yet its collapse could trigger widespread economic damage.

Entertainment2 sources

Cory Doctorow warns $1.4tn AI bubble threatens economy as reverse centaur workers multiply

Entertainment2 sources

Harvard Business Review warns AI workslop causes knowledge decay costing companies $9M annually

Harvard Business Review reveals companies that rushed to adopt generative AI face knowledge decay as workslop piles up. Low-quality AI-generated content costs firms $9 million annually in rework, erodes trust among colleagues, and damages organizational processes. The phenomenon affects 41% of workers monthly, requiring nearly two hours per incident to resolve.

Business2 sources

Harvard Business Review warns AI workslop causes knowledge decay costing companies $9M annually

Business2 sources

Half of AI job cuts will be reversed by 2027, Gartner predicts, exposing flawed corporate strategy

Research firm Gartner predicts that by 2027, half of companies that replaced customer service agents with AI will hire them back. The reversal isn't because AI failed, but because executives are learning a hard lesson: reducing payroll and adding real value aren't the same thing. The shift exposes how organizations treated AI as a cost-cutting tool when it works better as a productivity enhancer.

Business2 sources

Half of AI job cuts will be reversed by 2027, Gartner predicts, exposing flawed corporate strategy

Business2 sources

AI transforms entry-level jobs into senior roles as workforce transformation accelerates

A new PwC study analyzing over 1 billion job postings reveals that AI isn't eliminating entry-level jobs—it's making them require senior-level skills. Entry-level roles in AI-exposed occupations are now 7x more likely to demand strategic decision-making, leadership, and judgment. While 94% of HR leaders predict AI will create new entry-level roles, these positions are evolving faster than organizations can train workers to fill them.

Business5 sources

AI transforms entry-level jobs into senior roles as workforce transformation accelerates

Business5 sources

Orbio raises $21 million to deploy AI agents for frontline workers hiring and management

Orbio, founded by former Amazon executive Sergi Bastardas, secured $21 million Series A funding led by Dawn Capital to automate hiring and onboarding for frontline workers. The startup's AI agents handle interviews, performance monitoring, and daily check-ins for major clients including YUM! Brands, addressing inefficiencies in managing 2.7 billion workers across healthcare, retail, logistics, and hospitality sectors.

Startups2 sources

Orbio raises $21 million to deploy AI agents for frontline workers hiring and management

Startups2 sources

Microsoft AI Chief Clarifies: AI Will Automate Tasks, Not Replace White-Collar Jobs

Mustafa Suleyman, Microsoft's AI chief, walked back earlier comments that appeared to suggest AI would take over white-collar jobs within 12 to 18 months. In a recent interview, he clarified the distinction between automating individual tasks like sending emails or creating PowerPoints versus replacing entire roles, emphasizing that AI will make work faster and more efficient rather than eliminate jobs.

Technology2 sources

Microsoft AI Chief Clarifies: AI Will Automate Tasks, Not Replace White-Collar Jobs

Technology2 sources

TCS chairman says AI agents may equal employee count, signaling slowdown in IT hiring

Tata Consultancy Services Chairman N Chandrasekaran announced that AI agents may soon match the company's employee headcount, fundamentally reshaping India's IT sector. The move signals reduced hiring across the industry as automation transforms traditional labor-intensive business models, though TCS says new roles will emerge alongside the transition.

Business2 sources

TCS chairman says AI agents may equal employee count, signaling slowdown in IT hiring

Business2 sources

Teradata CEO cuts employee raises to fund AI investment as companies race to stay competitive

Cloud software company Teradata told over 5,000 employees to expect no raises this year as CEO Steve McMillan redirects salary budgets toward AI development. The move highlights a growing trend where companies prioritize AI investments over worker compensation, despite mounting evidence that many AI initiatives fail to deliver measurable returns.

Business2 sources

Teradata CEO cuts employee raises to fund AI investment as companies race to stay competitive

Business2 sources

Walmart shareholders reject AI workplace report as automation accelerates across operations

Walmart shareholders voted down a proposal requiring the retail giant to report on how AI and automation affect its 1.6 million workers. The decision came despite worker concerns about impossible timelines and safety issues. Meanwhile, Walmart continues aggressive AI implementation across stores and warehouses, with over 60% of locations now receiving freight from automated distribution centers.

Policy3 sources

Walmart shareholders reject AI workplace report as automation accelerates across operations

Policy3 sources

McCarthy Building forges multi-million dollar Palantir partnership to deploy AI across construction

McCarthy Building Companies Inc. and Palantir Technologies Inc. announced a multi-year, multi-million dollar strategic partnership to integrate AI across construction operations. The collaboration centers on Pulse, an AI-native system built on Palantir's platform that provides field teams with real-time insights, scenario planning, and decision support on active job sites.

Technology2 sources

McCarthy Building forges multi-million dollar Palantir partnership to deploy AI across construction

Technology2 sources

China dominates humanoid robots market with 85% of global output, but finding buyers proves harder

China accounts for 85% of humanoid robot installations worldwide, producing machines at roughly half the cost of Western competitors. Yet despite thousands of orders and over 140 manufacturers, experts warn that market demand may not match the country's massive production capacity. The tension between China's manufacturing dominance and actual commercial viability highlights critical questions about the $5 trillion humanoid robots market.

Business6 sources

China dominates humanoid robots market with 85% of global output, but finding buyers proves harder

Business6 sources

College Students Boo AI at Commencements as Job Market Anxieties Intensify

At multiple graduation ceremonies this month, college students loudly booed speakers praising artificial intelligence, signaling deep concerns about AI's impact on their futures. The backlash reflects growing student anxieties about job prospects, academic integrity, and critical thinking as unemployment for recent graduates reaches 5.6% and employers increasingly demand AI skills.

Entertainment2 sources

College Students Boo AI at Commencements as Job Market Anxieties Intensify

Entertainment2 sources

JD.com founder vows to protect 900,000 jobs from AI while operating warehouse with four workers

JD.com founder Liu Qiangdong pledged to safeguard the company's 900,000-strong workforce from AI and robotics automation. But the promise sits uncomfortably with his vision of an 'unmanned era' and a flagship automated warehouse that already runs on just four human employees who service robots.

Policy2 sources

JD.com founder vows to protect 900,000 jobs from AI while operating warehouse with four workers

Policy2 sources

HP beats Q2 earnings with 9% revenue growth as AI PC and Windows 11 refresh drive commercial demand

HP Inc. exceeded Wall Street expectations in its fiscal 2026 second quarter, reporting revenue of $14.4 billion and adjusted earnings of 86 cents per share. The PC maker's strong performance was fueled by a 13% surge in Personal Systems revenue, driven by commercial PC demand and the shift toward AI-capable hardware during the Windows 11 upgrade cycle.

Business2 sources

HP beats Q2 earnings with 9% revenue growth as AI PC and Windows 11 refresh drive commercial demand

Business2 sources

OpenAI Foundation pledges $250 million to help workers navigate AI economic disruption

The OpenAI Foundation announced a $250 million commitment to help workers and economies prepare for AI-driven economic upheaval. The initiative will fund research into AI's impact on the job market, support displaced workers, and explore new wealth distribution models. This marks the foundation's first major funding commitment since receiving a 26% stake valued at $130 billion in OpenAI's restructuring.

Policy4 sources

OpenAI Foundation pledges $250 million to help workers navigate AI economic disruption

Policy4 sources

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