John Ruich
👤 SpeakerAppearances Over Time
Podcast Appearances
That could also undermine the internet economy and businesses that are reliant on clicks, including online shops, web advertisers, and even news organizations.
The forecasts can be dire when it comes to the effect of AI on jobs, and it's something a lot of people are worried about, according to polls.
Newsom's executive order directs the state to dig into the issue.
Within a half a year, for instance, the Labor and Workforce Department must submit a review of policies and practices that provide workers with a safety net.
It also has to come up with a plan for expanding enrollment in employment insurance.
and make recommendations for how to boost worker training.
Newsom directed part of the government to team up with the University of California and Stanford to develop ways to help AI advance the public good and address problems facing society.
Newsom says California has led the way on innovation, and now it needs to reimagine work, governance, and how people prepare for the future.
Meta flagged the job cuts last month, and a company spokesperson said affected employees were notified on Wednesday.
The parent company of Facebook and Instagram has been retooling and investing heavily in artificial intelligence.
It expects to spend nearly twice as much on capital expenditures this year as it did last year, and much of that will go into its efforts to catch up to rivals in the AI race.
The job cuts and reorganization come at a challenging time for Meta.
Earlier this year, it lost two court cases claiming its platforms have been harmful to children and young people's mental health.
And in June, it'll return to court to face school districts suing over claims that social media companies caused a costly mental health and addiction crisis among students.
NVIDIA's revenues jumped 20% over the prior quarter and were nearly double what they were during the same quarter last year, hitting $81.6 billion.
Most of that came from data centers, which have been going gangbusters.
Major tech companies have been funneling money into artificial intelligence.