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› ‘China shock 3.0’ to be driven by AI, biotech and robot exports, economist says› Susan Thornton on US-China ties, post-midterms and averting a new balloon crisis› Hegseth calls US$1.5 trillion defence budget ‘critical’ to counter China› Can China’s coal industry ride to the rescue of a world in oil shock?› Musk suggests US government behind any slowdown in Ukraine’s Starshield› US stocks drop to their worst day since July as inflation worsens› Bank of America fined US$1.21 billion as US flags suspected Chinese money laundering› Yemen government says it raised Houthis’ alleged use of Chinese tech with Beijing› Sally Rooney books can’t be sold in UK amid Palestine Action ban, publisher says› 柬埔寨新批两个新能源发电项目 总投资2.58亿美元› ‘China shock 3.0’ to be driven by AI, biotech and robot exports, economist says› Susan Thornton on US-China ties, post-midterms and averting a new balloon crisis› Hegseth calls US$1.5 trillion defence budget ‘critical’ to counter China› Can China’s coal industry ride to the rescue of a world in oil shock?› Musk suggests US government behind any slowdown in Ukraine’s Starshield› US stocks drop to their worst day since July as inflation worsens› Bank of America fined US$1.21 billion as US flags suspected Chinese money laundering› Yemen government says it raised Houthis’ alleged use of Chinese tech with Beijing› Sally Rooney books can’t be sold in UK amid Palestine Action ban, publisher says› 柬埔寨新批两个新能源发电项目 总投资2.58亿美元
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AI risks could repeat China shock that cost jobs, former US commerce chief Raimondo warns

South China Morning Post - Tech ·
AI risks could repeat China shock that cost jobs, former US commerce chief Raimondo warns

The rapid and unbridled development of artificial intelligence (AI) has the potential to disrupt the US economy in a way that is comparable to the “China shock” that displaced American workers, former US commerce secretary Gina Raimondo warns.

Speaking at the Bloomberg New Economy Forum in New Delhi on Tuesday, she drew parallels between AI’s potential disruption to American jobs and the past impact of Chinese manufacturing competition on the US labour market.

“In America, we’ve seen what...

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