Bloomberg Technology
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…
Bloomberg Technology
OpenAI Linked Stocks Fall on Report It Missed Targets | Bloomberg Tech 4/28/2026
Bloomberg’s Caroline Hyde and Ed Ludlow discuss the fall in stocks linked to OpenAI after a report from the Wall Street Journal said the company failed to meet its own sales and user targets. Plus, a jury has been selected for the trial between OpenAI and Elon Musk over whether the company abandoned its founding…
Bloomberg Technology
Amazon Inks Deal with OpenAI, Plans New AWS Applications
Amazon Web Services announced a partnership with OpenAI a day after that company ended its exclusivity deal with Microsoft. Amazon also plans to sell AI-powered productivity software for the office. AWS CEO Matt Garman speaks with Bloomberg Tech’s Ed Ludlow. ——– Like this video? Subscribe to Bloomberg Technology on YouTube: Watch the latest full…
Bloomberg Technology
Oil Giant Shell at ‘Inflection Point,’ Says CEO
Shell is entering an ‘inflection point’ according to CEO Wael Sawan as it faces rising pressure on supply from the conflict in the Middle East and growing demand for energy. Sawan discusses the company’s latest M&A and the global energy crunch with Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” ——– Like this video? Subscribe…
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@thesilversnails
March 6, 2026 at 1:56 pm
Thanks for this objective take – anecdotes and substacks are not macro statistics….
@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?
@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.
@johnkerner6553
March 6, 2026 at 4:41 pm
Excellent guest. Have her every month
@user-tx9zg5mz5p
March 6, 2026 at 5:20 pm
This, whatever it is, is delusional 😂