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Warren Buffett: "The bottom 2% in terms of income in the United States, the bottom 5%, and for sure the top 1% all live better than John D. Rockefeller was living when I was six years old." "John D. Rockefeller was the richest man in the world and, today, you can get better medicine, better education, better entertainment, better transportation. You can do everything better than he could." "When I was born, the dentist didn't use novocaine!"
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There will be no AI jobpocalypse. The story that AI will lead to massive unemployment is stoking unnecessary fear. AI — like any other technology — does affect jobs, but telling overblown stories of large-scale unemployment is irresponsible and damaging. Let’s put a stop to it. I’ve expressed skepticism about the jobpocalypse in previous posts. I’m glad to see that the popular press is now pushing back on this narrative. The image below features some recent headlines. Software engineering is the sector most affected by AI tools, as coding agents race ahead. Yet hiring of software engineers remains strong! So while there are examples of AI taking away jobs, the trends strongly suggest the net job creation is vastly greater than the job destruction — just like earlier waves of technology. Further, despite all the exciting progress in AI, the U.S. unemployment rate remains a healthy 4.3%. Why is the AI jobpocalypse narrative so popular? For one thing, frontier AI labs have a strong incentive to tell stories that make AI technology sound more powerful. At their most extreme, they promote science-fiction scenarios of AI “taking over” and causing human extinction. If a technology can replace many employees, surely that technology must be very valuable! Also, a lot of SaaS software companies charge around $100-$1000 per user/year. But if an AI company can replace an employee who makes $100,000 — or make them 50% more productive — then charging even $10,000 starts to look reasonable. By anchoring not to typical SaaS prices but to salaries of employees, AI companies can charge a lot more. Additionally, businesses have a strong incentive to talk about layoffs as if they were caused by AI. After all, talking about how they’re using AI to be far more productive with fewer staff makes them look smart. This is a better message than admitting they overhired during the pandemic when capital was abundant due to low interest rates and a massive government financial stimulus. To be clear, I recognize that AI is causing a lot of people’s work to change. This is hard. This is stressful. (And to some, it can be fun.) I empathize with everyone affected. At the same time, this is very different from predicting a collapse of the job market. Societies are capable of telling themselves stories for years that have little basis in reality and lead to poor society-wide decision making. For example, fears over nuclear plant safety led to under-investment in nuclear power. Fears of the “population bomb” in the 1960s led countries to implement harsh policies to reduce their populations. And worries about dietary fat led governments to promote unhealthy high-sugar diets for decades. Now that mainstream media is openly skeptical about the jobpocalypse, I hope these stories will start to lose their teeth (much like fears of AI-driven human extinction have). Contrary to the predictions of an AI jobpocalypse, I predict the opposite: There will be an AI jobapalooza! AI will lead to a lot more good AI engineering jobs, and I’m also optimistic about the future of the overall job market. What AI engineers do will be different from traditional software engineering, and many of these jobs will be in businesses other than traditional large employers of developers. In non-AI roles, too, the skills needed will change because of AI. That makes this a good time to encourage more people to become proficient in AI, and make sure they’re ready for the different but plentiful jobs of the future! [Original text in The Batch newsletter.]
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GPT-5.5 Instant is starting to roll out to everyone in ChatGPT. Much more concise. Better memory. More personalized. And it's way easier to talk to. Really.
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[📺 #FANCAM#] #여자친구# #GFRIEND# #Better_Me# #소원# #SOWON# #엄지# #UMJI# GFRIEND COMEBACK SHOW [回:Walpurgis Night] ▶️
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[📺 #컴백쇼#] #여자친구# #GFRIEND# #Better_Me# GFRIEND COMEBACK SHOW [回:Walpurgis Night] #소원# #SOWON# ▶️ #엄지# #UMJI# ▶️
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[📺 #컴백쇼#] #여자친구# #GFRIEND# #Better_Me# #소원# #SOWON# #엄지# #UMJI# GFRIEND COMEBACK SHOW [回:Walpurgis Night] ▶️
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"I've always loved passing, it's always one of my greatest joys to get my teammates an assist... it's truly for me better than hitting a great shot." NBA Player Correspondent @Kon2Knueppel crashes KAT’s presser to ask him about his playmaking this postseason!
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JENSEN HUANG WAS ASKED WHO IS USING AI BETTER THAN ANYONE ELSE IN THE WORLD His answer wasn't OpenAI. It wasn't Google. It wasn't even Nvidia itself. Here's what he said on CNBC: "Nobody uses AI better than Meta." He explained that Meta went from a classical recommender system running on CPUs to a generative AI agentic system making recommendations across the entire platform. "Everything from the way social media works and the way they recommend ads and help advertisers create content has fundamentally been changed. And their earnings show it." "That's the reason why they're investing so hard. They see a much larger future potential for it." Mark Zuckerberg $META is spending $70B+ on AI this year.
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Haven’t done an intro in a while, so here goes: • 33 years old • Married • Dad of 4 kids under 7 • Christian • Live on a farm in a barndominium we built with cash I spent years as a pastor before jumping into entrepreneurship. My first business was landscaping. Built it over 7 years to $1.95M in annual revenue, debt-free. Eventually sold it because I didn’t want the 5 a.m. starts forever or the responsibility of a building mortgage. Started a marketing agency next. Did well enough (~$20k/month), but I wasn’t passionate about it. Sold that too. Today I’m all-in on global talent recruiting. I’m more bullish on this space than anything I’ve done before. We help business owners hire incredible overseas talent through a simple one-time fee model. No ongoing recruiting fees. Clients save tens of thousands of dollars while often getting better team members than they thought possible. Outside of business, I’m a big believer in living below your means and avoiding unnecessary debt. We paid cash for our farm. Built our barndominium with cash. Not because debt is evil, but because I sleep better with margin and flexibility. At the end of the day, I believe everything I have belongs to God anyway. I’m just trying to steward it well. Glad you’re here.
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