AI: If you build it, they will come—and take your job
peoplesworld.org Jun 18, 2026

AI: If you build it, they will come—and take your job

AI-summarised brief · reviewed before publication

The Big 6 AI companies are spending heavily on AI development, outpacing the potential bubble, with Amazon spending more on AI than its total earnings this year. The combined market value loss of $900 billion by Amazon, Google, and Microsoft is being erased by a 60% rise in spending, totaling $410 billion from last year. AI investment is keeping the US economy out of recession, but also leading to job losses, with companies like Amazon cutting jobs while investing in AI. The scale of these investments is driving mergers and increasing monopolization in the energy sector. AI hallucinations and false data are also concerns.

💡 Why It Matters

  • · AI investments are propping up the US economy, but at the cost of significant job losses.
  • · Ruthless job cuts by AI behemoths are setting a precedent for other companies to follow.