More Big Tech layoffs. Is AI to blame?

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News, Business

4.5 • 1.4K Ratings

🗓️ 18 January 2024

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

The head of the International Monetary Fund said artificial intelligence could impact over half of jobs in advanced economies. But is AI already displacing workers? We’ll get into the latest layoffs sweeping the tech industry. And, the forecast on Capitol Hill: snowy with a chance of negotiations on border security and spending bills. Plus, NASA’s return to the moon is facing some setbacks.

Here’s everything we talked about today:

- “Johnson Casts Doubt on Border Deal to Unlock Ukraine Aid, Defying Biden” from The New York Times

- “AI will affect 40% of jobs and probably worsen inequality, says IMF head” from The Guardian

- “Watch IMF’s Georgieva on Economic Impact of Generative AI” from Bloomberg

- “‘AI made us do it’ is Big Tech’s new layoff rationale” from Axios

- “The Tech Employee Who Went Viral for Filming Her Firing Has No Regrets” from The Wall Street Journal

- “Concerns rise China might reach moon before NASA’s return” from The Washington Post

Join us tomorrow for Economics on Tap! The YouTube livestream starts at 3:30 p.m. Pacific time, 6:30 p.m. Eastern. We’ll have news, drinks, a game and more.

Hey Smarties! We recorded today’s episode before the news broke that Congress voted to pass a short-term spending bill, averting a partial government shutdown. We’re monitoring the story as it develops.

Transcript

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0:00.0	All right, I'm ready to go.
0:02.0	And Jay Cherry says, sure, let's go.
0:05.0	Hey everybody, I'm Kyle Rizdall.
0:08.0	Welcome back to Make Me Smart.
0:10.0	Where we make today make sense.
0:12.0	And I'm Kimberly Adams. Thank you everyone for joining us
0:14.9	on this Thursday, January the 18th.
0:17.5	Thursday is the day we play some tape about the big stories of the week. Offers
0:20.7	some thoughts, comments, suggestions, and observations, and then move on about
0:26.7	our days.
0:27.7	Let's go to the first one, Jake, huh?
0:29.8	When I met with President Salinsky just last month right before Christmas.
0:33.8	He said that the necessary ingredient is the proper weapons systems that they need.
0:38.8	There are certain things that are needed to ensure that they can prevail.
0:42.2	We need the questions answered about
0:44.0	the strategy about the end game and about the accountability for the precious
0:47.8	treasure of the American people. We understand that all these things are important,
0:51.4	but we must insist, that the border be the top priority.
0:58.1	That was House Speaker Mike Johnson talking to reporters here in DC after After meeting with President Biden and other
1:04.4	congressional leaders at the White House, Biden really has been pushing for more
1:08.9	aid to Ukraine but Republicans are insisting as you just heard there that any funding
1:14.2	package has to be paired with border policy changes and this is all going on
	...

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