AI scare stories have swamped the news cycle, catalyzed by a former Anthropic employee who claimed that AI posed a meaningful extinction risk to humanity. As a result, investors and policymakers are highly sensitive to the implications.
Distilled, his argument runs as follows:
September's Employment Friday delivered a strong report, with payrolls at 162,000 against expectations closer to 55,000. But Cathie Wood used this month's episode to go somewhere bigger: what the industrial revolution can tell us about this tech revolution.
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