Record high layoffs driven by AI: Econ analyst reacts
Over 97,000 layoffs were reported last month, and the flurry of pink slips in May can be traced back to the rise of AI. Matt Egan reports on the data and what it means.Also, Florida sues OpenAI and CEO Sam Altman, accusing them of “utter disregard” for risk to humans, and Altman visits Washington to meet with the White House and Congress as President Trump signs an executive order on AI, and with potential huge IPOs on the horizon.
0:00 AI drives layoffs to highest May total since 2020
2:47 “ChatGPT is dangerous for children”, OpenAI sued by Florida
5:49 Mr. Altman goes to Washington
7:35 What does Trump’s executive order do?
9:00 What to make of these large IPOs?
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