Connect with us

Business

Anthropic data confirms Gen Z’s worst fears about AI

Published

on


New data from AI startup Anthropic may stoke Gen Z’s fears about their future careers: Companies are using the technology primarily to automate tasks, potentially jeopardizing the quality and quantity of entry-level jobs.

Anthropic’s latest Economic Index report published on Monday found 77% of businesses using the company’s Claude AI software are doing so for automation purposes like “full task delegation,” while just 12% are using the tech for collaborative purposes such as learning. Anthropic used data selected from one million application programming interface transcripts from mostly businesses and software developers for its report.

The proliferation of task automation—most heavily used for coding tasks, as well as writing and educational instruction—is likely a result of both AI bots getting better at completing tasks, as well as users getting more comfortable with the technology, according to Peter McCrory, head of economics at Anthropic. For businesses integrating AI into their workplace, automation may help drive efficiency.

“Businesses are figuring out how to build the embedded infrastructure to unlock the productivity effects,” McCrory told Fortune. “And there are likely to be some labor market implications as well.”

McCrory said the purpose of the report is not to draw conclusions about how AI will impact the labor market in the future. Still, as AI automation tools become more readily available, so does evidence of its impact on the future of labor, particularly for those just entering the job market. A first-of-its-kind study from Stanford University published last month found indications of AI having a “significant and disproportionate impact on entry-level workers in the U.S. labor market,” including a 13% relative employment decline for early-career employees in the most AI-exposed jobs since companies began widely integrating the technology into their workplaces.

Anthropic CEO Dario Amodei is well-aware of the risks of this shift on the labor landscape. He warned in May that AI could wipe out nearly 50% of entry-level white collar jobs within the next five years.

“Most of them are unaware that this is about to happen,” Amodei told Axios. “It sounds crazy, and people just don’t believe it…We, as the producers of this technology, have a duty and an obligation to be honest about what is coming.”

Gen Z’s AI fears, realized

For Gen Z, the fear of AI knocking them off their career paths is already salient. According to a survey by career platform Zety of 1,000 Gen Z workers, 65% of respondents said a college degree would not protect them from a job loss related to AI.

The generation’s concern about AI-related job loss is “on the right track,” Christopher Stanton, associate professor of business administration at Harvard Business School, told Fortune.

According to Stanton, jobs won’t be entirely automated, but tasks will, raising questions more about what is asked of employees, as well as how they are trained. For example, an AI bot may be able to generate marketing copy for an ad, but a writer or editor is still needed to input prompts and edit the outputs.

However, the automation of tasks will have an outsized impact on entry-level jobs in particular, Stanton said. Workplaces will start to prioritize giving workers apprentice-like experiences to train them, which will likely hit wages for those positions.

“You can imagine that AI is doing a lot of what entry-level workers used to do, but you still need those people to get context,” he said. “You might imagine that their wages are going to fall so that they can accumulate experience.”

There’s another shift Stanton can envision for young people: a switch to occupations requiring physical labor that AI is currently unable to perform, such as trades. According to a 2024 Harris Poll commissioned by Intuit Credit Karma, about 78% of Americans said they’ve noticed a surge of young people pursuing trade jobs like carpentry, electrical work, and welding.

“The generative AI revolution is proceeding much faster than the revolution in physical AI or robotics,” Stanton said.

Cashier or consultant?

It’s still early to predict the impact of AI on the labor market with certainty, Stanton said, but there’s a wealth of data indicating that when young people graduate into a weak labor market, they can suffer long-term professional and financial consequences.

A 2016 landmark study titled “Cashier or Consultant?” measured how entry conditions of the labor market impacted college graduates’ wages more than a decade after graduation, using data from students from the graduating classes of 1974 to 2011. The study found that entering the workforce during a recession was associated with a roughly 10% reduction in wages in the first year of employment, an effect that mostly faded after seven years after graduation. For high-earning majors like finance, these effects were less pronounced; for low-earning majors like philosophy, they were more pronounced.

This drop-off in income for those graduating into a recession could be because in order to get a job, recent graduates find work on the lower end of the occupational earnings distributions, like working as a barista or restaurant server, which pay less, but could be more readily available, Stanton said. Today’s budding young professionals are not trying to join the work force during a recession, but they are entering a weak labor market, in part due to the changing AI landscape. Therefore, there are some unfortunate parallels between young Gen Z needing to sacrifice wages due to wavering job opportunities and millennials graduating into the Great Recession.

“We at least have some past empirical evidence that does give us a signal, where some recent college graduates graduating into a recession have historically been pretty extreme for people’s careers,” Stanton said.

Fortune Global Forum returns Oct. 26–27, 2025 in Riyadh. CEOs and global leaders will gather for a dynamic, invitation-only event shaping the future of business. Apply for an invitation.



Source link

Business

Parents of teens who died by suicide after AI chatbot interactions testify to Congress

Published

on


MEDIA

Trump files $15b defamation lawsuit against The New York Times

The New York Times building.Michael M. Santiago/Getty

President Trump has added The New York Times to the list of media companies he’s challenged in court, filing a $15 billion defamation lawsuit that targets four of its journalists in a book and three articles published within a two-month period before the last election. In a Truth Social post announcing the lawsuit early Tuesday, Trump called the Times “one of the worst and most degenerate newspapers in the nation’s history” and a virtual mouthpiece for Democrats. The lawsuit was filed in US District Court in Florida. The Times called the lawsuit meritless and an attempt to discourage independent reporting. “The New York Times will not be deterred by intimidation tactics,” spokesperson Charlie Stadtlander said. — ASSOCIATED PRESS

RETAIL

Target steps up next-day parcel delivery as discounter tries to narrow gap with rivals

A Target store in Pasadena, Calif., on Aug. 20.Mario Tama/Getty

Target is expanding its next-day delivery of parcel shipments to 35 of the nation’s top 60 metropolitan markets by the end of next month, marking 22 new cities this year, as the discount retailer aims to narrow the gap with the likes of Amazon. That means that its next-day delivery expansion will go to 54 percent of the US population, up from 20 percent, according to Gretchen McCarthy, Target’s chief supply chain and logistics officer. San Diego and Orlando and Tampa, Fla., are on the list. Target plans to add another 20 cities for next-day delivery by next year, the company said. Target said it offers same-day delivery to more than 80 percent of the US population, through Shipt, a delivery subscription service that Target acquired in 2017. In comparison, online behemoth Amazon expanded the number of same-day delivery sites by more than 60 percent in 2024 for its Amazon Prime members and serves more than 140 metro areas. — ASSOCIATED PRESS

SPENDING

Retail sales up 0.6% in August from July even as tariffs hurt jobs and lead to price hikes

A cashier rang up groceries in Dallas on Aug. 28.LM Otero/Associated Press

Shoppers increased their spending at a better-than-expected pace in August from July, helped by back-to-school shopping, even as President Trump’s tariffs start to hurt the job market and lead to price increases. Retail sales rose 0.6 percent last month from July, when sales were up a revised 0.6 percent, according to the Commerce Department’s report. In June, retail sales rose 0.9 percent, the government agency said. The August performance, announced Tuesday, was also likely helped by the continued efforts by Americans to keep pushing up purchases ahead of expected price increases. The sales increases followed two straight months of spending declines in April and May. — ASSOCIATED PRESS

PHARMA

FDA takes aim at Hims & Hers, weight loss drugs in new advertising blitz

The Hims logo arranged in New York on Feb. 12.Gabby Jones/Bloomberg

For the first time, federal health officials are taking aim at telehealth companies promoting unofficial versions of prescription drugs, including popular weight loss medications, as part of the Trump administration’s crackdown on pharmaceutical advertising. The Food and Drug Administration on Tuesday posted more than 100 letters to various drugmakers and online prescribing companies, including Hims & Hers, which has built a multibillion-dollar business centered around lower-cost versions of blockbuster obesity injections. The FDA warned the company to remove “false and misleading” promotional statements from its website, including language claiming that its customized products contain “the same active ingredient” as FDA-approved drugs Wegovy and Ozempic. The formulations cited by regulators are produced by specialty compounding pharmacies and aren’t reviewed by the FDA. “Your claims imply that your products are the same as an FDA-approved product when they are not,” states the warning letter, dated Sept. 9. Hims said Tuesday that it “looks forward to engaging with the FDA.” “Our website and our customer-facing materials note that compounded treatments are not approved or evaluated by the FDA,” the company said in a statement. — ASSOCIATED PRESS

TECH

Trump delays TikTok ban again

The TikTok app page in the Apple App store.Gabby Jones/Bloomberg

President Trump on Tuesday extended for the fourth time the deadline for when TikTok had to be separated from its Chinese owner, ByteDance, or face a ban in the United States. The extension could be Trump’s last for the video app. He and other officials said this week that they had reached a framework for a deal with China to address national security concerns about ByteDance and its ties to Beijing. “We have a deal on TikTok,” Trump told reporters Tuesday. “We have a group of very big companies that want to buy it.” He is set to speak Friday with China’s top leader, Xi Jinping, to “confirm everything up,” he said. No officials have disclosed any details of the framework. The latest extension gives negotiators until Dec. 16 to find a new owner for TikTok. — NEW YORK TIMES

AVIATION

United Airlines says problems at Newark Airport have eased greatly

A United Airlines plane departed Newark International Airport in 2023.KENA BETANCUR/AFP via Getty Images

United Airlines says its Newark, N.J., hub is no longer in crisis mode. After a series of harrowing incidents this spring, flight delays are back to normal and passengers are once again using Newark Liberty International Airport in roughly the same numbers as before the problems emerged, United said Tuesday. Newark, one of the New York area’s three main airports, struggled this spring when runway construction and air traffic control technology outages and staffing shortages caused acute delays in flights, frustrating passengers and raising concerns about the broader aviation system. On one particularly bad day in April, traffic controllers briefly lost radar and radio contact with planes at Newark. The problems drove many people to avoid the airport, and United told investors that its Newark flights were about 15 percent less full after the disruptions peaked. But the end of most runway construction work in June and limits on the number of flights there, imposed by federal regulators, have stabilized the airport, according to United, which operates a large majority of the flights at Newark. — NEW YORK TIMES

Boeing defense union proposes $10,000 bonus to end strike

Workers picketed outside the Boeing Defense, Space & Security facility in Berkeley, Mo.Neeta Satam/Bloomberg

Boeing Co.’s striking defense workers will vote Friday on a contract proposal drafted by union leaders that includes a 20 percent guaranteed wage increase and $10,000 signing bonus aimed at ending a six-week labor standoff. The planemaker criticized the novel union maneuver and its revised contract terms, which were made without management’s input. Both will prolong a strike that has already cost factory workers $15,000 in lost income, on average, Boeing said. The International Association of Machinists and Aerospace Workers District 837 described their proposed four-year agreement as an improvement on the company’s overtures that the union rejected last week. The union is seeking to break an impasse after Boeing refused to sweeten its latest offer, a five-year contract that would have provided an average 24 percent guaranteed wage increase and $4,000 bonus. It was the third management offer to be voted down by the 3,200-member union, which has been on strike since Aug. 4. If the union proposal is approved by a majority of members, the offer will be submitted to management as a “pre-ratified agreement subject to Boeing’s acceptance,” IAM said. — BLOOMBERG NEWS





Source link

Continue Reading

Business

All-in-One AI Design Platform from LogoAI Takes AI Design Beyond Just Logos, Empowering Businesses with Complete Brand Creation Tools

Published

on


San Jose, California – September 16, 2025 – (PRESS ADVANTAGE) –

LogoAI, a global leader in AI-powered branding solutions, today announced the launch of AiDesign – its all-in-one AI design platform, expanding its capabilities far beyond logo generation. The new platform introduces an integrated suite of design tools—spanning business cards, social media assets, marketing materials, and brand kits—providing businesses with a comprehensive solution to build and maintain their brand identity seamlessly.

Since 2018, LogoAI has been trusted by more than 3 million businesses worldwide for its industry-leading AI logo generator. Now, with the launch of its all-in-one design platform, LogoAI takes the next step toward democratizing professional branding, ensuring that entrepreneurs, startups, and small businesses have access to a complete ecosystem of design services powered by artificial intelligence.

Logos are the cornerstone of brand identity, but modern businesses require far more to communicate effectively with their audiences. From social media banners to presentation templates and business cards, brands need consistency across every customer touchpoint.

LogoAI’s new all-in-one platform is designed to address this challenge by combining AI-generated creativity with brand consistency automation. Once a logo is created, the system automatically generates matching brand assets, ensuring cohesive visuals across all channels.

“Building a brand today goes beyond creating a logo—it’s about establishing a complete visual identity that connects with audiences across platforms,” said Ping He, Founder of LogoAI. “Our all-in-one AI design platform gives businesses everything they need to look professional from day one. It’s like having a full design agency at your fingertips, but powered by AI.”

The platform introduces a wide range of tools and services designed to help businesses create, manage, and grow their brand identity:

AI Image Editor: The core service that has powered millions of businesses, now enhanced with faster generation and more style options.

Brand Kit Automation: Instantly generates matching color palettes, typography, and style guidelines based on the selected logo.

Business Card & Stationery Design: AI-driven templates for business cards, letterheads, and email signatures that align with brand identity.

Social Media Assets: Ready-to-use designs for platforms like Instagram, Facebook, LinkedIn, and TikTok, ensuring consistent branding across channels.

Marketing Templates: AI-generated ads, flyers, and promotional materials optimized for both digital and print.

Vector-Ready Outputs: All designs are delivered in professional, scalable formats suitable for long-term use.

Customizable Editor: Users can fine-tune AI-generated designs with an intuitive editor, balancing automation with creative control.

The all-in-one design platform is particularly valuable for small businesses and startups that often lack the resources to hire dedicated designers or agencies. By providing professional-grade assets instantly, LogoAI helps businesses establish credibility and save time and money.

“Launching a startup requires juggling a thousand things at once,” said Rachel Gomez, founder of a boutique consultancy and early LogoAI platform user. “With LogoAI, I had my logo, business cards, and social media visuals ready in less than a day. It allowed me to focus on my clients instead of worrying about branding.”

The launch also highlights the growing role of AI in creative industries. While some worry about AI replacing designers, LogoAI sees its platform as a creative collaborator, giving professionals and non-designers alike a foundation to work from.

“AI doesn’t eliminate creativity—it amplifies it,” added He. “Our platform gives users a head start, whether they’re building their first brand or scaling to new markets. For professional designers, it provides inspiration and tools that make workflows faster and more efficient.”

LogoAI’s all-in-one platform is just the beginning of a broader vision. The company plans to expand into AI-powered video templates, website design kits, and even brand strategy recommendations powered by natural language input.

“Our goal is to be the go-to platform for AI-driven branding and design,” said He. “We want to empower every business—from solo entrepreneurs to growing startups—to look professional, stay consistent, and compete globally.”

Founded in 2018, LogoAI is an AI-powered design platform trusted by millions of businesses worldwide. With its industry-leading AI logo generator, brand kits, and now an all-in-one design suite, LogoAI combines artificial intelligence with intuitive workflows to make professional branding accessible to everyone.

For more information, visit www.logoai.com.

###

For more information about LogoAI, contact the company here:

LogoAI
Chris
5715919128
support@logoai.com
3764 PENDERWOOD DR



Source link

Continue Reading

Business

Parents of teens who died by suicide after AI chatbot interactions testify to Congress | Business

Published

on


Parents whose teenagers killed themselves after interactions with artificial intelligence chatbots testified to Congress on Tuesday about the dangers of the technology.

“What began as a homework helper gradually turned itself into a confidant and then a suicide coach,” said Matthew Raine, whose 16-year-old son Adam died in April.

“Within a few months, ChatGPT became Adam’s closest companion,” the father told senators. “Always available. Always validating and insisting that it knew Adam better than anyone else, including his own brother.”


EDITOR’S NOTE — This story includes discussion of suicide. If you or someone you know needs help, the national suicide and crisis lifeline in the U.S. is available by calling or texting 988.


Raine’s family sued OpenAI and its CEO Sam Altman last month alleging that ChatGPT coached the boy in planning to take his own life.

Megan Garcia, the mother of 14-year-old Sewell Setzer III of Florida, sued another AI company, Character Technologies, for wrongful death last year, arguing that before his suicide, Sewell had become increasingly isolated from his real life as he engaged in highly sexualized conversations with the chatbot.

“Instead of preparing for high school milestones, Sewell spent the last months of his life being exploited and sexually groomed by chatbots, designed by an AI company to seem human, to gain his trust, to keep him and other children endlessly engaged,” Garcia told the Senate hearing.

Also testifying was a Texas mother who sued Character last year and was in tears describing how her son’s behavior changed after lengthy interactions with its chatbots. She spoke anonymously, with a placard that introduced her as Ms. Jane Doe, and said the boy is now in a residential treatment facility.

Character said in a statement after the hearing: “Our hearts go out to the families who spoke at the hearing today. We are saddened by their losses and send our deepest sympathies to the families.”

Hours before the Senate hearing, OpenAI pledged to roll out new safeguards for teens, including efforts to detect whether ChatGPT users are under 18 and controls that enable parents to set “blackout hours” when a teen can’t use ChatGPT. Child advocacy groups criticized the announcement as not enough.

“This is a fairly common tactic — it’s one that Meta uses all the time — which is to make a big, splashy announcement right on the eve of a hearing which promises to be damaging to the company,” said Josh Golin, executive director of Fairplay, a group advocating for children’s online safety.

“What they should be doing is not targeting ChatGPT to minors until they can prove that it’s safe for them,” Golin said. “We shouldn’t allow companies, just because they have tremendous resources, to perform uncontrolled experiments on kids when the implications for their development can be so vast and far-reaching.”

The Federal Trade Commission said last week it had launched an inquiry into several companies about the potential harms to children and teenagers who use their AI chatbots as companions.

The agency sent letters to Character, Meta and OpenAI, as well as to Google, Snap and xAI.

In the U.S., more than 70% of teens have used AI chatbots for companionship and half use them regularly, according to a recent study from Common Sense Media, a group that studies and advocates for using digital media sensibly.

Robbie Torney, the group’s director of AI programs, was also set to testify Tuesday, as was an expert with the American Psychological Association.

The association issued a health advisory in June on adolescents’ use of AI that urged technology companies to “prioritize features that prevent exploitation, manipulation, and the erosion of real-world relationships, including those with parents and caregivers.”

Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.



Source link

Continue Reading

Trending