Khosla wants to raise capital gains tax to offset the losses
Winners & losers: As AI becomes increasingly capable of performing human jobs, fears of mass unemployment keep growing. Billionaire investor Vinod Khosla suggests one way to deal with the problem is to scrap taxes for up to 125 million people in the coming decades, and that the government offsets the lost revenue by increasing capital gains taxes and eliminating certain tax breaks.
Suleyman says lawyers, accountants, and marketers could be at risk
A hot potato: Another big name in the AI industry has given an ominous warning about the technology replacing white-collar jobs. This time, the timeline for the automation apocalypse is a lot closer: Mustafa Suleyman, Microsoft's AI chief, thinks AI will replace most white-collar jobs within the next 12 to 18 months.
The big picture: With federal incentives ended, EV automakers are monitoring demand, recalibrating production, and weighing further adjustments amid shifting policies and renewed global competition. At the same time, newly forged trade agreements and planned industry investment suggest that some of the current downsizing may be reversed as markets adjust and manufacturers launch new models.