Economy

AI search engines force businesses to rethink their marketing strategies

Businesses are struggling to maintain visibility as artificial intelligence transforms how people search for information online. Traditional search engine optimization tactics are becoming obsolete as AI-powered search tools like Google’s AI Overviews, Perplexity, and ChatGPT increasingly provide answers without directing users to company websites. Forbes writer Rashi Shrivastava reports that search traffic has declined significantly …

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Opinion: AI efficiency gains cannot replace breakthrough innovation

Artificial intelligence tools excel at automating routine tasks but fail to deliver the scientific breakthroughs needed for sustained economic growth, according to Carl Benedikt Frey from Oxford University. Writing in the Financial Times, Frey argues that despite decades of technological advancement, labor productivity growth has declined from 2 percent annually in the 1990s to 0.8 …

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Google’s AI tools slash news website traffic by more than half

News publishers are experiencing dramatic traffic declines as Google’s artificial intelligence features replace traditional search results. Major outlets report losing more than half their search-driven visitors over the past three years. Isabella Simonetti and Katherine Blunt report in The Wall Street Journal that Google’s AI Overviews and new AI Mode are fundamentally changing how users …

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Opinion: AI will create more jobs than it destroys

Predictions that artificial intelligence will eliminate 20 to 50 percent of jobs lack evidence and contradict historical patterns, writes Rand Fishkin from SparkToro. The entrepreneur examined hundreds of studies spanning centuries of technological change and found no support for mass job displacement claims. Fishkin’s research reveals that previous technologies created more employment opportunities than they …

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AMC Networks partners with Runway for content production

AMC Networks has become the first major cable television company to formally partner with AI startup Runway, according to a report by Steven Zeitchik for The Hollywood Reporter. The deal will see AMC use Runway’s artificial intelligence technology for two primary purposes: generating marketing images and creating pre-visualization content for shows before production begins. The …

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Anthropic CEO warns of major job losses from AI while critics question motives

Dario Amodei, CEO of AI company Anthropic, predicts that artificial intelligence could eliminate half of all entry-level white-collar jobs within the next one to five years. The 42-year-old executive warned that unemployment could rise to 10-20% as AI technology rapidly improves, Axios reports. Amodei claims AI systems are becoming better than humans at intellectual tasks …

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Knowledge workers face identity crisis as AI reshapes careers

Knowledge workers are experiencing an unprecedented identity crisis as artificial intelligence transforms the workforce, according to a new analysis by Gary Grossman from Edelman. The shift goes beyond simple job displacement to challenge fundamental questions of human purpose and self-worth. Grossman describes what he calls “The Great Displacement,” citing the example of a 42-year-old software …

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Creative professional reports 50% income drop from AI illustration tools

Creative professional David Neal has shared how generative AI has dramatically impacted his freelance illustration business. The creator, who works across software development, content creation, illustrations, and music, reported a more than 50% decline in illustration work over the past year. He has operated a side business drawing cartoon avatars and illustrations since 2018. While …

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Study shows generative AI has minimal impact on jobs and wages

New research seems to show that generative AI chatbots like ChatGPT have had almost no significant impact on jobs or wages so far. Economists Anders Humlum and Emilie Vestergaard analyzed data from 11 occupations across 25,000 workers in Denmark, according to The Register. Despite rapid adoption of AI tools, users reported average time savings of …

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Google AI Overviews causing significant traffic drops for website owners

Website owners are experiencing dramatic traffic losses following Google’s introduction of AI Overviews, according to an investigation by Davey Alba and Julia Love of Bloomberg. The report, based on interviews with 25 publishers, reveals that many independent websites have seen traffic plummet by up to 70% since March 2024, disrupting the long-standing relationship between content …

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