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Marketplace®

Daily business news and economic stories
May 5, 2023

Meet the folks prepping for an AI economic revolution

If you thought artificial intelligence would radically alter the world, would you change how you live? Plus, the jobs report that’s “defying gravity.”

Meet the folks prepping for an AI economic revolution
Lintao Zhang/Getty Images

Segments From This Episode

  • The Weekly Wrap

    When will the Federal Reserve’s rate hikes be felt throughout the broader job market? And when will the debt ceiling debacle be felt by the stock market? Marketplace host Kai Ryssdal, The Washington Post’s Heather Long and Bloomberg’s Kate Davidson discuss.

  • "Banking in this country is way more restrictive than in any other of the industrialized countries," says Richard Grossman, an economics professor. 
    David McNew/Getty Images

    Deregulation has allowed lenders to operate across state lines, making it easier for banks to merge when they’re in trouble.

  • Short sellers bet against First Republic Bank. The American Bankers Association is urging the Securities and Exchange Commission to see if market manipulation was involved.
    Justin Sullivan/Getty Images

    Short selling’s legal. Misrepresenting a firm’s finances for profit isn’t.

  • Adverse weather is one reason the insurance industry is booming. For instance, insurers  need adjusters to examine the damage caused by floods and tornadoes.
    Michael B. Thomas/Getty Images

    Insurance is a growing field right now. Severe weather and widespread worry are among the reasons.

  • Office workers in the metaverse. Joshua Clymer of the Center for AI Safety thinks there’s a high chance that artificial intelligence will replace most jobs in the next 20 years.
    XH4D/Getty Images

    For some who think artificial intelligence will rapidly transform society, saving for or staying in college feel pointless. So do 401(k)s.

Music from the episode

The Team

Meet the folks prepping for an AI economic revolution