Artificial Intelligence
Jobs vs. Machines: The Rise of Artificial Intelligence
From StosselTV
The media tell us Artificial Intelligence will replace millions of jobs. They’re right, but that doesn’t mean we should fear it.
The Teamsters are protesting self-driving cars, asking government for more regulation, hoping to stop AI vehicles from taking delivery, taxi-driver and truck-driver jobs. That’s a fight that they can’t win.
Loom weavers, typists, telephone operators, bank tellers, and many other jobs were destroyed because of new technology. It won’t stop happening, and AI will make it happen faster. But as people lose jobs, remember that so far, this creative destruction has led to people finding new, better jobs.
Unemployment has been dropping, and wages keep going up! If history is any indication, AI will be a good thing.
** Technical advice from Mark Palmer **
After 40+ years of reporting, I now understand the importance of limited government and personal freedom.
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Libertarian journalist John Stossel created Stossel TV to explain liberty and free markets to young people.
Prior to Stossel TV he hosted a show on Fox Business and co-anchored ABC’s primetime newsmagazine show, 20/20. Stossel’s economic programs have been adapted into teaching kits by a non-profit organization, “Stossel in the Classroom.” High school teachers in American public schools now use the videos to help educate their students on economics and economic freedom. They are seen by more than 12 million students every year.
Stossel has received 19 Emmy Awards and has been honored five times for excellence in consumer reporting by the National Press Club. Other honors include the George Polk Award for Outstanding Local Reporting and the George Foster Peabody Award.
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News release from The Deep View
| Apple, already moving slowly out of the gate on generative AI, has been dealing with a number of roadblocks and mounting delays in its effort to bring a truly AI-enabled Siri to market. The problem, or, one of the problems, is that Apple used these same AI features to heavily promote its latest iPhone, which, as it says on its website, was “built for Apple Intelligence.” |
| Now, the tech giant has been accused of false advertising in a proposed class action lawsuit that argues that Apple’s “pervasive” marketing campaign was “built on a lie.” |
| The details: Apple has — if reluctantly — acknowledged delays on a more advanced Siri, pulling one of the ads that demonstrated the product and adding a disclaimer to its iPhone 16 product page that the feature is “in development and will be available with a future software update.” |
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| Apple did not respond to a request for comment. |
| The lawsuit was first reported by Axios, and can be read here. |
| This all comes amid an executive shuffling that just took place over at Apple HQ, which put Vision Pro creator Mike Rockwell in charge of the Siri overhaul, according to Bloomberg. |
| Still, shares of Apple rallied to close the day up around 2%, though the stock is still down 12% for the year. |
Diving Deeper:
Apple’s unprecedented $500 billion investment marks what the company calls “an extraordinary new chapter in the history of American innovation.” The tech giant plans to establish an advanced AI server manufacturing facility near Houston and significantly expand research and development across several key states, including Michigan, Texas, California, and Arizona.
Apple CEO Tim Cook highlighted the company’s confidence in the U.S. economy, stating, “We’re proud to build on our long-standing U.S. investments with this $500 billion commitment to our country’s future.” He noted that the expansion of Apple’s Advanced Manufacturing Fund and investments in cutting-edge technology will further solidify the company’s role in American innovation.
President Trump was quick to highlight Apple’s announcement as a testament to his administration’s economic policies. In a Truth Social post Monday morning, he wrote:
“APPLE HAS JUST ANNOUNCED A RECORD 500 BILLION DOLLAR INVESTMENT IN THE UNITED STATES OF AMERICA. THE REASON, FAITH IN WHAT WE ARE DOING, WITHOUT WHICH, THEY WOULDN’T BE INVESTING TEN CENTS. THANK YOU TIM COOK AND APPLE!!!”
Trump previously hinted at the investment during a White House meeting Friday, revealing that Cook had committed to investing “hundreds of billions of dollars” in the U.S. economy. “That’s what he told me. Now he has to do it,” Trump quipped.
Apple’s expansion will include 20,000 new jobs, with a strong focus on artificial intelligence, silicon engineering, and machine learning. The company also aims to support workforce development through training programs and partnerships with educational institutions.
With Apple’s announcement, the U.S. economy stands to benefit from a major influx of investment into high-tech manufacturing and innovation—further underscoring the tech industry’s continued growth under Trump’s economic agenda.
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