AI economy expected to boom, with potential disruptions to job markets and economic concerns
From Nasdaq: 2025-06-19 13:36:00
1) NVIDIA CEO Jensen Huang predicts a $2 trillion AI-enabled data center market, with 208 billion transistors per GPU. Analysts underestimate the AI economy’s potential, including infrastructure upgrades. Sovereign nation-states also require AI infrastructure for security and growth.
2) Debate over large language models’ (LLMs) real reasoning and thinking abilities heats up after Apple researchers’ paper on model limitations. Rebuttals of research findings suggest model limitations were due to imposed cost expenditure limits, not reasoning ability.
3) Google offers buyouts as agentic AI and generative AI impact job markets. Kalshi’s revolutionary AI ad during the NBA finals hints at AI’s disruptive potential in advertising and marketing. Mechanize, an AI company, aims to automate white-collar work, leading to job displacement.
4) Marc Andreessen predicts AI will result in the total reset of the economy, moving beyond personal safety concerns to economic security issues. The AI transformation may not be as gentle as perceived, with concerns about job displacement and concentration of power among the rich.
5) Meta Platforms acquires Scale AI for $14.3 billion, marking the largest pure-AI acquisition. Scale AI specializes in data labeling and model evaluation services essential for training advanced AI models. Apple’s WWDC receives mixed reviews on AI innovation, with Google leading in AI advancements.
6) AMD unveils AI server rack supporting up to 72 MI400 GPUs, projecting an 80% increase in AI inference demand by 2026. OpenAI collaborates with AMD on AI hardware development, and Meta deploys AMD GPUs for AI workloads. Google excels in AI advancements, challenging competitors in the AI space.
7) OpenAI co-founder Ilya Sutskever predicts AI will eventually match human capabilities, emphasizing the similarities between biological and digital brains. Investors can access Zacks’ stock picks for $1 to explore portfolio services and investment opportunities in AI-related stocks.
Read more at Nasdaq: The Week in AI: “All incumbents are gonna get nuked.”