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FILE PHOTO: Vasiliki Kostoula, a Greek breast cancer patient, listens to her doctor after a radiological medical examination in an Athens hospital October 29, 2008.

REUTERS/Yannis Behrakis

Hard Numbers: Tax hacks, Breast cancer, Google dinged, AI job risk

81.6: A new artificial intelligence tool can provide some relief to breast cancer patients experiencing lymphoedema, a painful swelling of the arm that’s a common side effect. It correctly predicted patients that would develop it in 81.6 percent of cases and correctly predicted which patients would not develop it in 72.9%.
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Paige Fusco

Graphic Truth: Apprenticeships are on the rise

Whether it’s the price of college, the promise of the gig economy, or simply the desire to get paid while training, apprenticeships are having a moment. In the US, this surge has coincided with an 8% drop in undergraduate college enrollment; in Canada, it comes amid high youth unemployment.

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A "Help Wanted" sign hangs in a restaurant window.

REUTERS/Brian Snyder/File Photo

Jobs are up, but Biden and Trudeau still risk losing theirs

January was an encouraging month for job growth in the US and Canada. The Bureau of Labor Statistics reported 353,000 new jobs stateside with unemployment holding steady at 3.7%. Meanwhile, Statistics Canada says jobs were up by 37,000 during the same period and unemployment was down to 5.7% – a modest drop of 0.1%. Both countries exceeded expectations.

You might think better-than-expected economic news would herald brighter fortunes for President Joe Biden and Prime Minister Justin Trudeau, but you would almost certainly be wrong. Both men’s polling numbers are nowhere near where they’d like them to be.

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Are leaders asking the right questions about AI?
Are leaders asking the right questions about AI? | GZERO World

Are leaders asking the right questions about AI?

The official theme of the 2024 World Economic Forum held recently in Davos, Switzerland, was “Rebuilding Trust” in an increasingly fragmented world. But unofficially, the hottest topic on the icy slopes was artificial intelligence.

Hundreds of private sector companies convened to pitch new products and business solutions powered by AI, and nearly two dozen panel discussions featured “AI” in their titles. There was even an “AI House” on the main promenade, just blocks from the Congress Center, where world leaders and CEOs gathered.

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AI's impact on jobs could lead to global unrest, warns AI expert Marietje Schaake
AI's impact on jobs could lead to global unrest, warns AI expert Marietje Schaake | Davos 2024

AI's impact on jobs could lead to global unrest, warns AI expert Marietje Schaake

The 2024 World Economic Forum in Davos was dominated by conversations about AI and its potential as well as possible pitfalls for society. GZERO’s Tony Maciulis spoke to former European Union parliamentarian Marietje Schaake about the current regulatory landscape, a recent report from the International Monetary Fund (IMF) saying as many as 40% of jobs globally could be lost or impacted by AI, and how that might give rise to unrest as we head into a critical year of elections.

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Sep 21, 2023; Washington, DC, USA; Ukrainian President Volodymyr Zelenskyy visits President Joe Biden at the White House. Zelenskyy is slated to pitch to lawmakers and President Biden on continuing aid to Ukraine as it battles in an ongoing war from the invasion by Russia.


Ukraine’s about the economy, stupid

Over the past 20 months, Joe Biden has framed US backing for Ukraine as, variously, a struggle for the future of freedom, as a deterrent against Chinese designs on Taiwan, and even as part of a fight to tame inflation.

But as polls show waning interest among US voters for sending weapons to Ukraine, the White House is taking a different tack: job creation?

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The geopolitics of AI
The geopolitics of AI | Quick Take | GZERO Media

The geopolitics of AI

Ian Bremmer's Quick Take: Hi, everybody. Ian Bremmer here. A happy Monday to you. And a Quick Take today on artificial intelligence and how we think about it geopolitically. I'm an enthusiast, I want to be clear. I am more excited about AI as a new development to drive growth and productivity for 8 billion of us on this planet than anything I have seen since the internet, maybe since we invented the semiconductor. It's extraordinary how much that will apply human ingenuity faster and more broadly to challenges that exist today and those we don't even know about yet. But I'm not concerned about the upside in the sense that a huge amount of money is being devoted towards those companies. The people that run them are working as fast as they humanly can to get better and to unlock those opportunities and to also beat their competitors, get there faster. I'm worried about what happens that is more challenging, that we're not spending the resources on the consequences that will be more upsetting for populations from artificial intelligence. The ones that will require some level of government and other intervention or else. And I see four of them.
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US job growth slows for a fifth straight month, but labor market remains strong.


What We’re Watching: US jobs report & new China, Afghan energy extraction deal

Jobs report: US labor market remains strong

The Fed’s interest rate hikes, designed to battle inflation, have slowed US job growth for a fifth straight month. The American economy added 223,000 jobs in December, well below last year's peak of 714,000 in February but still above expectations of around 200,000. The December numbers put the monthly average for 2022 at 375,000. A slowdown has been in effect since last August, but the labor market is still hot: 4.5 million jobs were created last year, the second highest since 1940. Such resilience likely means more interest rate hikes are to be expected. Meanwhile, the unemployment rate hit a historic low of 3.5%. The leisure and hospitality industry saw the biggest job gains, followed by healthcare and construction, while retail, manufacturing, transportation, and warehousing saw the least. President Joe Biden said the historic job gains are giving American families more “breathing room” amid the “cost-of-living squeeze.”

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