What's Ahead
This week, I was bombarded with messages about H1B Visas and AI.
Many men fear replacement, and I believe it’s warranted.
And look, I’m not going to say it’s fair.
When I was growing up, my mom repeated the phrase “Life isn’t fair” to me thousands of times.
Here’s my point.
Over the coming months and year, we are going to see massive disruption.
It will be easy to blame others, but real freedom comes with personal responsibility.
Don’t be a victim. Don’t blame others.
Take action NOW to improve your situation. To adjust to the market. To develop new skills.
No one can predict the future, but we can see hints as to what’s coming.
At the very least, let’s be men of action.
Let’s learn new skills, take educated risks, and set ourselves up to be relevant, respected, and financially free during the AI revolution.
-Mark Savant
Tesla rolls out robotaxis
Amid a 13 percent drop in EV sales, Tesla launched its invite-only robotaxi service in Austin this week.
Early rides show promise, but fender benders raise questions about long-term driver displacement. However, Tesla reported vehicles using FSD (Full Self Driving) recorded 1 crash per 6.69 million miles, versus human drivers at 1 crash every 702,000 miles.
Elon expressed publicly that “Tesla team is focused on making sure all Tesla owners try out FSD”.
Delta tests AI ticket pricing
Delta Air Lines is piloting AI-driven dynamic pricing on select routes, with machine learning adjusting fares in real time to demand patterns.
While it promises cheaper last-minute deals, analysts warn revenue management teams could see headcount shrink as algorithms take over fare setting.
Scale AI cuts 14 percent staff
Data labeling startup Scale AI, which was recently acquired by Meta for $14.3, laid off 200 employees (14 percent of its workforce) and ended contracts with 500 contractors.
This is just part of an overarching trend in big tech layoffs. Even AI enablers are trimming costs as clients demand tighter ROI on machine learning projects.
Try Robinhood, Get Free Stock
Investing is key to wealth creation, and Robinhood makes it easy.
I personally invest at least $10 every day in my favorite companies.
The best part? Robinhood is offering FREE stock to AI Update subscribers.
Click the button below to claim your free stock
S&P 500 Nasdaq hit record highs
The S&P 500 and Nasdaq closed at all-time highs, driven by gains in Alphabet, Microsoft, and other AI-focused firms.
Everyday investors backing index funds have seen portfolios buoyed by the tech surge, though non-AI sectors continue to lag behind.
Gas projects triple demand
Surging electricity demand from AI-powered data centers has triggered announcements of 120 gas-fired power projects in the US, boosting construction equipment and maintenance jobs.
This will create a massive need for many new direct roles like construction crews, electricians, engineers, plumbers. There will also be increases in jobs created in the areas to support the projects and workers, such as restaurants, schools, and other amenities required by worker families.