AI will create more jobs for humans, not replace them, Amazon founder Bezos says

AI will create more jobs for humans, not replace them, Amazon founder Bezos says

Billionaire entrepreneur predicts AI will trigger labour shortages, not mass unemployment, as he unveils his new AI venture Prometheus at VivaTech Paris. PARIS — In a bold and characteristically optimistic address at Europe's largest tech expo VivaTech Paris on Wednesday, Amazon founder Jeff Bezos pushed back against growing fears that artificial intelligence will decimate the workforce, arguing instead that the technology will create a labour shortage and unlock more opportunities for human workers than it displaces . "I know there's a lot of concern that many people have, including many smart people, that AI is going to make humans redundant and so on," Bezos told the audience, seated alongside Blue Origin CEO David Limp . "I totally disagree with this point of view. And I think, in fact, AI is going to create a labour shortage." The remarks come at a time of heightened anxiety over AI's impact on employment. A Reuters/Ipsos poll published this month f...

Musk's SpaceX buys AI coding start-up for $60bn days after IPO

Musk's SpaceX buys AI coding start-up for $60bn days after IPO

Just days after its triumphant public debut, SpaceX is already throwing its financial weight around with a blockbuster $60 billion acquisition of an AI coding startup—a clear signal that Elon Musk is doubling down on software to complement his hardware empire. The timing is certainly electric. Since pricing its initial public offering at $135 per share, the aerospace juggernaut has watched its stock rocket roughly two-thirds higher in a blistering rally. That surge has propelled SpaceX's market capitalization to a staggering $2.9 trillion, narrowly overtaking Amazon's $2.7 trillion valuation—though it still trails giants like Microsoft, Apple, Alphabet, and Nvidia. This historic listing didn't just shake up Wall Street; it officially minted Musk as the world's first trillionaire. Unsurprisingly, that milestone has already reignited fiery global debates around wealth inequality and the feasibility of taxation on ultra-high-net-worth individuals. However, beneath these as...