Rising labor costs are making AI stocks even more attractive

Goldman Sachs estimates that about 300 million full-time jobs worldwide could be lost or diminished due to the rise of artificial intelligence, while traders are betting on AI stocks, with companies like Nvidia, Alphabet, and Microsoft seeing significant growth; concerns arise about the potential replacement of jobs with advanced technology, and the rising labor costs for businesses could lead to increased automation and higher profit margins. Additionally, US financial regulators have signed off on new rules that would require banks with at least $100 billion in assets to issue long-term debt in order to absorb losses, which could impact banks' profitability and shareholder returns, and Amazon CEO Andy Jassy has told employees that they must return to the office or find employment elsewhere.

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Posted 8/30/2023, 12:01:00 PM

Rising labor costs are making AI stocks even more attractive

cnn.com

Relevant topic timeline:

8/23/2023

Goldman just threw down the gauntlet in the remote work reckoning. Your company could follow its lead.

8/23/2023

A.I. could boost earnings nearly 20% by replacing human jobs, Goldman says. These are the short- and long-term winners of the boom

9/8/2023

Goldman Sachs Planning Another Round of Job Cuts in Late October, Aiming to Trim Underperforming Staff

Goldman Sachs is planning to cut jobs for underperforming employees, targeting a lower percentage of layoffs in its investment banking and trading divisions.

9/16/2023

Goldman Sachs Forecasts Slowing GDP Growth in Q4 Due to Resuming Student Loan Payments, Autoworker Strike, Potential Shutdown

9/22/2023

AI Investment Booming; Microsoft and Nvidia Positioned to Capitalize