Good morning. I’ve been thinking about AI and the future of work. It’s hard not to do that, Dario Amodei, anthropomorphic CEO, says AI can Wipe half Openai CEO Sam Altman complains about entry-level white-collar jobs in five years Yuan The man trying to poach him There is a $100 million signing bonus. We’ve seen it Lack of supply of entry-level jobs and leaders like Amazon CEO Andy Jassy is Warn staff Due to AI, their teams will shrink quickly. But what impact does AI have on C suites?
I recently asked this question to Lattice CEO Sarah Franklin. Franklin is Salesforce Before joining Lattice as CEO 18 months ago to help grow unicorns with $3 billion.
“We’ve been trained to be the pyramids. You go to college and get a job on the bottom run, and you turn the ladder upwards,” she told me. “Now, we’re all in a very different moment. We’re all in the same place. Whether you’re an entry-level employee or an executive, there’s no difference in the level of knowledge we all have.”
Artificial intelligence has flattened the knowledge hierarchy, forcing leaders to learn new tools and reimagine from business models to job descriptions.
Franklin did it The waves are correcty backed off only after strong opposition to claiming that this was disrespectful to her human employees by introducing the employee records of “digital workers” (Aka AI agent).
Still, she firmly believes that leaders and AI agents will soon work side by side. “AI is helpful for us without them, eliminating blind people and helping us see and understand the gaze better,” she said. So while bosses may only see salespeople reach quotas or “mediocre” colleagues, AI may surface and despite poor behavior, performance of mediocre performance is actually excellent in helping peers.
According to the latest Fortune/Deloitte CEO SurveyI’d love to know what works for you. Give me a line diane.brady@fortune.com.
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Top news
Israel – Iran’s ceasefire lasts less than 2 hours
President Trump announces Ceasefire Last night between Israel and Iran, London Times at 7.10 am Israel agreed to the agreement. But the BBC reported that Iran launched a round of missiles to Israel at 8.31 a.m. The Israeli Defense Minister vowed that “Tehran will be shaken” and ordered the Israel Defense Force to respond strongly. Iran denies shooting Israel. It seems we have returned to the first square in the Middle East. Real-time update here.
Trump insults Powell again
After 1.30 a.m. ET, Trump made another rant to Fed Chairman Jerome Powell on social media. Powell will testify to Congress today. Trump wants Powell to lower interest rates, but inflation is higher than the Fed’s target and the economy shows signs of weakness caused by tariffs, which has been shelving interest rates. “Europe has 10 cuts, our inflation, great economy – we should be at least two to three points lower. The U.S. will save $800 billion a year, plus. What will that make a difference. What will this make a difference if the situation goes negative later. explain.
Jeff Bezos will marry Lauren Sanchez today
Lily Mae Lazarus of Wealth have a look What might be in the PRENUP protocol.
Traffic safety regulator asked Tesla about the instability of the robot.
NHTSA Very caring About the video on YouTube, showing self-driving cars driving incorrectly on one-way streets, suddenly braking, and responding to parked cars that didn’t hinder their progress.
IPO is back?
Almost 100 companies have Leave Since the beginning of this year, the public is at any time since 2021. However, analysts say that despite the increasing conditions in the IPO market, “it’s still very selective.”
AI often chooses to ransomware
New report from humanity Established When faced with the threat of shutdown in a controlled environment, AI systems from leading tech companies chose 96% of the time 96% of the time. Human researchers noted that “consistency between models of different providers suggests that this is not a quirk of any particular company approach, but a sign that proxying large language models is more fundamentally risky.”
Workday sues and AI to screen
Derek Mobley said he made more than 100 job applications through Workday’s software, but was denied each time. His lawsuit hopes to find out whether the software is discriminating against him based on his age, race or disability. “There are standard bell curves in the statistics. My failure rate is 100% meaningless.” He said.
NVIDIA Chiefs’ Massive Payment Program Begins
NVIDIA CEO Jensen Huang Will be for sale By the end of the year, $865 million in stock is a planned series of sales, which is part of his compensation.
market
- Standard & Poor’s Futures Despite reports that a ceasefire agreement between Iran and Israel appeared to be hit by missiles almost immediately last night, it rose 0.83% this morning. Brent crude oil Rejected $68 a barrel this morning. this S&P 500 Index Closed 0.96% yesterday. Stoxx Europe 600 It increased by 1.3% in early trading. Kospi in Korea This morning it grew by 2.96%. Hong Kong Hang Increased by 2%. China’s CSI 300 Increased 1.2%. Nikkei 225 in Japan Increased 1.14%. this vix The “Fear” index retreated by more than 10%.
From the analyst
- Goldman Sachs tariffs, “dogs without barking”: “Over the past two months, our forecast for effective U.S. tariff rate increase in 2025 has been stable at around 14pp, up above 2pp growth in the first Trump administration, higher than the 2pp growth we assumed on April 9, but we assumed for two hours on April 9. Stable stability is stable. The outlook for tariffs is stable on financial condition, contributes to stable stability and drives 5 stable statistical levels. 3.4%, to raise our 2025 U.S. growth forecast to 1.25% in the 4th/Q4th quarter and reduces our 12-month U.S. recession probability to 30%,” Jan Hatzius.
- Wedbush at Tesla’s Robotaxi launch conference: “Getting into it, we hope to be impressed, but to leave it, just say that’s the future. We had about 15 minutes of riding around Austin for about 15 minutes, and the key point is that it was a comfortable, safe and personalized experience. The ride itself was completely smooth, it was driverless because none of the cars were driverless on our vehicles, and we felt that, like we were, it was impossible.
- JPMorgan Chase at the Federal Reserve: “But we think the labor market (which Chairman Powell believes is not to cry to slow down the pace” will be the main arbiter of the action. Faced with the softening of the labor market that threatens the recession, we see the Fed ease and experience the inflation shock associated with the tariffs, which is considered temporary,” Bruce Kasman et al.
- Ey-Parthenon slows down in the United States: “The U.S. economy is expected to reduce the slowdown in the summer. Economic activity has been artificially enhanced in early 2025 as businesses and consumers are eager to make preload purchases before expected trade restrictions. Although a sharp reversal of imports will provide a mechanical boost to Q2 GDP growth, which will bring some investment to early labor, both of which continue to operate halfway, both of which continue to operate halfway and half the operation for both years. Gregory Daco.
Around the water cooler
Anthony Pompliano strikes agreement to create publicly traded Bitcoin Treasury Catherine McGrath
Melinda France Gate says some tech giants with Trump siding are doing “some people” to tell them, rather than living according to their values Eleanor Pringle
Tesla Robotaxi is finally launched Christian Hetzner
CEO Daily is edited and edited by Joey Abrams and Jim Edwards.
