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How Will AI-Driven Automation Actually Affect Jobs?
How Will AI-Driven Automation Actually Affect Jobs?
Authored by Alex Imas and Soumitra Shukla via Ghosts of Electricity,
One of the most widely cited findings in AI policy comes from a 2023 paper by Eloundou, Manning, Mishkin, and Rock titled “GPTs are GPTs.” The title is a nice double meaning: the paper studies how general-purpose technologies (GPTs) powered by large language models (also GPTs) may reshape the labor market. The headline finding is that around 80% of U.S. workers could have at least 10% of their tasks affected by LLMs, and...
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May 7, 2026 / John T. Flynn
The President Goes to War
Of course the president, like everyone, frequently protests his desire for peace. Everyone does this. And I think we may assume he is quite sincere about it.
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Feb 21, 2026 / Jason Ditz
At Least 12 Killed, Dozens Wounded in Israeli Strikes on Eastern Lebanon
A flurry of Israeli strikes on Friday and into Saturday, centered in the Bekaa Valley in the eastern Lebanon, have left at least 12 people dead and over 30 others wounded, including a large number of civilians. At least three children were reportedly among the casualties. The strikes in Bekaa Valley struck what is described […]
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May 10, 2026 / Tyler Durden
Earnings Estimate Revisions Are Very Optimistic
Earnings Estimate Revisions Are Very Optimistic
Authored by Lance Roberts via RealInvestmentAdvice.com,
💰 Earnings Estimate Revisions Are Very Optimistic
Last week, we discussed the S&P earnings record and why such record earnings could be a warning for the market. I want to continue that discussion by focusing not only on what has happened but also on what is expected to happen in the future. While the Q1 2026 earnings results are spectacular, so far, the earnings estimate revisions behind them are the real story.
The first-quarter 2026 earnings season is delivering results that Wall Street...
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