4.6 • 1.6K Ratings
🗓️ 26 November 2024
⏱️ 12 minutes
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0:00.0 | exchanges the goldman sacks podcast featuring exchanges on rates inflation and u.s recession risk |
0:12.1 | exchanges on the market impact of ai for the sharpest analysis on forces driving the markets |
0:18.8 | and the economy count on exchanges between the leading |
0:22.1 | minds at Goldman Sachs. New episodes every week. Listen now. |
0:31.7 | Welcome to Tech News Briefing. It's Tuesday, November 26th. I'm Julie Chang for the Wall Street Journal. |
0:40.9 | Artificial intelligence could help bring down the cost of college. How? We'll explain. Plus, |
0:48.6 | one tech CEO has cracked the code on working with President-elect Donald Trump. What's his playbook? And will others |
0:56.0 | follow suit? Our reporter Chip Cutter takes a look at how some corporate executives could work |
1:01.3 | with a new administration. Up first, a lot of the discussion around AI involves its potential to replace millions of jobs. |
1:13.7 | But Kartik Hosniger, a professor of technology and digital business at the Wharton School of the |
1:18.8 | University of Pennsylvania, says that there are potential upsides to AI, especially when it comes to |
1:25.1 | cutting costs for big expenses, like college and even healthcare. |
1:29.5 | He says that AI has the ability to bring down prices for more complex and expensive services |
1:36.0 | by boosting worker productivity and automating tasks. |
1:39.9 | Kartik Hosanager wrote about this for the Wall Street Journal, and he's with me now. |
1:44.3 | Kartik, let's take a step back for a minute. |
1:46.8 | Can you give an example of a time when automation drove down prices? |
1:51.1 | So, for example, with industrialization of the textile mills a century or two ago, |
1:58.8 | we saw a pretty significant increase in worker productivity as a result |
2:03.6 | of that, which helped actually bring down the cost of textiles and help change what was really |
2:10.6 | a small cottage industry into a massive global industry, where bringing down the costs, increased demand for these products, and help create |
2:20.5 | ultimately large-scale employment for a lot of people, but also just massive reduction in the |
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