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Data Doesn’t Show AI Taking Jobs Just Yet

Oracle is planning to cut thousands of jobs as it looks to manage a cash crunch driven by AI spending, according to sources. It’s the latest major tech company to link layoffs to AI in some way. But Martha Gimble, executive director of the Yale Budget Lab, says data showing the tech is replacing human…

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Oracle is planning to cut thousands of jobs as it looks to manage a cash crunch driven by AI spending, according to sources. It’s the latest major tech company to link layoffs to AI in some way. But Martha Gimble, executive director of the Yale Budget Lab, says data showing the tech is replacing human workers hasn’t turned up yet. Gimble joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.”
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8 Comments

8 Comments

  1. @thesilversnails

    March 6, 2026 at 1:56 pm

    Thanks for this objective take – anecdotes and substacks are not macro statistics….

  2. @STELLVIA.

    March 6, 2026 at 3:12 pm

    If you believe that no jobs being taken by AI, the you might as well go collect your ‘flat earth society membership card’

    • @daShadoSage

      March 6, 2026 at 7:42 pm

      What data are you sourcing?

  3. @kup4ever

    March 6, 2026 at 3:25 pm

    Oh ok. That explains why every major company that is investing in AI is simultaneously firing thousands of people. Great reporting! It really captures the reality of today’s workforce.

    • @daShadoSage

      March 6, 2026 at 7:46 pm

      Sigh. The same companies who hired 10s of thousands of employees during COVID and got bloated? So much so that you had Gen Z workers on TikTok showing how little they do if anything at all? Those same companies who are spending millions and billions on AI CAPEX & R&D, so they have to cut costs somewhere? Why wouldn’t it normally be their largest cost? Labor. And those same companies simultaneously and coincidentally committing billions in new office buildings, infrastructure, and hiring in India? The India AI Summit just happened a few weeks ago. Go see who was in attendance and how much they promised to invest, train, and hire.

      There’s a joke that AI = Another Indian. In reality, it means Another Indian + AI tools + better translation tools.

      Most of these companies are AI washing.

    • @kup4ever

      March 6, 2026 at 7:57 pm

      Uh, this is incorrect. I’m not going to write an entire essay, but research is key. Look up the Covid workforce numbers vs today and you will see there are more people employed today, but that is mainly due to a younger generation entering the workforce, not because of a Covid hiring increase.

  4. @johnkerner6553

    March 6, 2026 at 4:41 pm

    Excellent guest. Have her every month

  5. @user-tx9zg5mz5p

    March 6, 2026 at 5:20 pm

    This, whatever it is, is delusional 😂

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Bloomberg Technology

Don’t Give Up on AI Chips Yet, Says JoAnne Feeney

The recent selloff in AI stocks has sparked fresh debate over whether more efficient models will reduce demand for chips and data centers. Advisers Capital Management’s JoAnne Feeney explains why she still sees long-term opportunities in AI infrastructure and why she’s more cautious on memory stocks like Micron. She joins Ed Ludlow on “Bloomberg Tech.”…

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The recent selloff in AI stocks has sparked fresh debate over whether more efficient models will reduce demand for chips and data centers. Advisers Capital Management’s JoAnne Feeney explains why she still sees long-term opportunities in AI infrastructure and why she’s more cautious on memory stocks like Micron. She joins Ed Ludlow on “Bloomberg Tech.”
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Bloomberg Technology

Moonshot’s Kimi K3 Reshapes the AI Conversation, Says Bessemer Partner

Moonshot’s Kimi K3 has reignited the debate over the future of AI and whether China’s open-weight models are closing the gap with OpenAI and Anthropic. Bessemer Venture Partners’ Sameer Dholakia joins Bloomberg to discuss why competition is good for AI, where the frontier model makers still have an edge, and why he believes we’re only…

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Moonshot’s Kimi K3 has reignited the debate over the future of AI and whether China’s open-weight models are closing the gap with OpenAI and Anthropic. Bessemer Venture Partners’ Sameer Dholakia joins Bloomberg to discuss why competition is good for AI, where the frontier model makers still have an edge, and why he believes we’re only at the beginning of the AI investment cycle. He joins Ed Ludlow on “Bloomberg Tech.”
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Bloomberg Technology

Nvidia Rolls Out New Chips, WBD Deal In Limbo | Bloomberg Tech 7/21/2026

Bloomberg’s Ed Ludlow breaks down Nvidia’s latest AI chip rollout, as the company says its next-generation processors are now shipping to customers and entering full production. Plus, a judge hits pause on Paramount’s merger with Warner Bros. Discovery, throwing the blockbuster media deal into limbo. And, Sameer Dholakia of Bessemer Venture Partners joins to discuss…

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Bloomberg’s Ed Ludlow breaks down Nvidia’s latest AI chip rollout, as the company says its next-generation processors are now shipping to customers and entering full production. Plus, a judge hits pause on Paramount’s merger with Warner Bros. Discovery, throwing the blockbuster media deal into limbo. And, Sameer Dholakia of Bessemer Venture Partners joins to discuss the AI race’s next phase, with Washington promising to scrutinize Chinese models as investors hunt for the next big winners.

00:00:00 – Bloomberg Tech Begins
00:01:25 – Ian King, Bloomberg News
00:04:11 – Peter Elstrom, Bloomberg News
00:07:39 – Stephanie Aliaga, JPMorgan Asset Management
00:13:34 – Lucas Shaw, Bloomberg News
00:16:10- Jessica Melugin, Competitive Enterprise Institute Center for Tech & Innovation
00:17:45 – Trump Bilateral meeting with Lebanon President
00:28:20 – Tyler Kendall, Bloomberg News
00:28:22 – JoAnne Feeney, Advisors Capital Partners
00:38:28 – Sameer Dholakia, Bessemer Venture Partners
00:46:41 – Jordan Fitzgerald, Bloomberg News
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“Bloomberg Technology” is our daily news program focused exclusively on technology, innovation and the future of business hosted by Ed Ludlow from San Francisco and Caroline Hyde in New York.

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