Despite widespread panic about AI eliminating white-collar jobs, US labor data shows unemployment in AI-exposed occupations is actually lower than in less-exposed ones, with no mass migration to manual labor jobs. However, a Stanford study suggests generative AI may be quietly eroding entry-level positions, hurting young workers' first career foothold. The newsletter also covers Pope Leo's call for AI regulation, SpaceX's Starship V3 test flight, Huawei's chip design breakthrough, and the EU's planned antitrust fine against Google.
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