Since ChatGPT launched, job openings have plunged 30% while the stock market has surged 70%—but one economist says the true culprit isn't AI

Since ChatGPT launched, job openings have plunged 30% while the stock market has surged 70%—but one economist says the true culprit isn’t AI

A chart making the rounds on social media has sparked intense debate about the state of the American economy. Since November 2022, when ChatGPT launched, the S&P 500 has surged more than 70% while job openings have plummeted roughly 30%. The juxtaposition has earned the graphic a foreboding nickname: the “scariest chart in the world.”​…

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Mixed share reaction to megacap earnings burst, Meta droops

Mixed share reaction to megacap earnings burst, Meta droops

(Reuters) -Shares in three of the “Magnificent Seven” companies with significant investments in artificial intelligence were mixed in after-hours trade on Wednesday after the mega caps released third quarter earnings. Shares in Google-parent Alphabet rose 6.2% after the company beat Wall Street estimates for third-quarter revenue on Wednesday, as both its core advertising business and…

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