Labour markets may risk a milder shock than AI fantasies suggest, but thats only partial relief

Image for article Labour markets may risk a milder shock than AI fantasies suggest, but thats only partial relief
News Source : Livemint

News Summary

  • Microsoft, a big backer of AI with billions invested in OpenAI and Anthropic, said this week it would cancel internal Claude Code licences by the end of June.
  • Uber too reportedly exhausted its entire 2026 budget for AI coding tools within the first four months of 2026.
  • Last week, Starbucks scrapped an AI-powered inventory tool deployed across North American stores after workers reported persistent errors.
  • In India, eyebrows have been raised by headband cameras worn by workers to record taskflows as AI training feeds.
This grand narrative, however, has begun to weaken.

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