The week in AI

Hey, it’s Jesse in New York. Big tech earnings presented a mixed picture of AI this week as workers across industries felt the impacts of th [View in browser]( [Bloomberg]( Hey, it’s Jesse in New York. Big tech earnings presented a mixed picture of AI this week as workers across industries felt the impacts of the technology. Not the star of the show — yet Artificial intelligence is influencing many industries, including [digital entertainment](, [medicine]( and [health care](. But big tech earnings reports this week suggested that the technology isn’t quite front and center when it comes down to revenue gains and stock reactions. [Microsoft](, [Alphabet]( and [Meta]( all released earnings — but the AI fanfare took a [back seat](, with investors rewarding or punishing tech giants based on the health of their long-established main businesses. At the same time, though, tech companies in the US are [talking]( less about recession and more about AI this earnings season. In finance, US regulators [approved]( a plan to root out conflicts of interest that arise when financial firms adopt AI. Following their [commitment]( to voluntary AI guardrails at the White House last week, AI leaders including Alphabet Inc.’s Google and OpenAI Inc. [created]( an industry body to minimize risks [posed]( by AI models. The US Senate attached a measure to the annual defense policy bill that would [subject]( some US investments in China to new requirements, including investments in semiconductors, AI and quantum computing. President Joe Biden is [planning]( to sign an executive order limiting critical US tech investments in China by mid-August. As the summer heats up, it’s hard to ignore the climate effects of the AI boom. Extreme heat and drought are [driving]( opposition to AI data centers that require millions of gallons of water each year. But AI could offer some climate solutions, too. Montreal-based AI startup RailVision Analytics [developed]( software to help locomotive engineers make small adjustments in their driving that could help cut rail’s carbon footprint. New research released this week showed that AI continues to impact the work landscape. A report out of McKinsey & Co. said that female workers will be [hurt]( more than men by the AI wave. And a survey from the Pew Research Center [showed]( that workers who are the most exposed to AI — meaning those with the greatest likelihood that the technology will replace or aid certain activities performed at work — largely don’t feel that their jobs are at risk. Lastly, don’t miss the Bloomberg Businessweek cover story: In Hollywood, actors and writers alike are [growing]( concerned about AI encroaching on their jobs. While money remains the most important issue in Hollywood’s labor negotiations, AI has turned the business dispute into an existential crisis. —[Jesse Levine](mailto:jlevine206@bloomberg.net) One to watch [Watch the Bloomberg Quicktake]( on making anime characters with generative AI. The week ahead More tech companies will release earnings next week, including Apple Inc. and Amazon.com Inc., both reporting on Thursday. Expect more AI chatter around those companies. More from Bloomberg Get Bloomberg Tech newsletters in your inbox: - [Cyber Bulletin]( for coverage of the shadow world of hackers and cyber-espionage - [Game On]( for reporting on the video game business - [Power On]( for Apple scoops, consumer tech news and more - [Screentime]( for a front-row seat to the collision of Hollywood and Silicon Valley - [Soundbite]( for reporting on podcasting, the music industry and audio trends - [Hyperdrive]( for expert insight into the future of cars Follow Us You received this message because you are subscribed to Bloomberg's Tech Daily newsletter. If a friend forwarded you this message, [sign up here]( to get it in your inbox. [Unsubscribe]( [Bloomberg.com]( [Contact Us]( Bloomberg L.P. 731 Lexington Avenue, New York, NY 10022 [Ads Powered By Liveintent]( [Ad Choices](