Marketplace All-in-One

This week, Spotify is letting its users buy physical books. Plus, Amazon acquires the satellite service provide Globalstar. But first, state lawmakers in Illinois are considering a bill that says developers of large AI models can’t be held liable for critical harms caused by those models, as long as the developer doesn't intentionally or recklessly cause the harm and has published a safety protocol on its website.

A representative from OpenAI testified in favor of the bill; meanwhile, Wired reported this week that Anthropic is pushing for either major changes to the legislation, or for it to be killed completely. Marketplace’s Stephanie Hughes spoke with Maria Curi, tech policy reporter at Axios, about all these headlines for this week’s “Tech Bytes: Week in Review.”

Cautious employers are hiring more temporary workers, according to the Fed’s latest Beige Book. It's sort of a half-step toward creating permanent roles. The good news is temp jobs can be a leading indicator for overall job market strength. But contract work lacks the stability and benefits of full-time employment. Also in this episode: Kai visits a sprawling electronics street market and a tech startup in Vietnam, jet fuel shortages put Europe on edge, and we check in with a hog and soybean farmer in Illinois.

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Will AI take my job? On today’s show, Anthropic’s head of economics Peter McCrory sits down with Kimberly to answer our burning questions about artificial intelligence’s effects on the labor market. We’ll get into what Anthropic’s research shows about how people are using the company’s chatbot Claude and what that could mean for the future of the global economy.

Here’s everything we talked about today:

"Snap's stock jumps on plans to axe 16% of its workforce citing AI efficiencies" from CNBC
"Anthropic Economic Index report: Learning curves" from Anthropic
"Labor market impacts of AI: A new measure and early evidence" from Anthropic
"Anthropic Economic Index report: Uneven geographic and enterprise AI adoption" from Anthropic
"Behind the Curtain: A white-collar bloodbath" from Axios
"Estimating AI productivity gains from Claude conversations" from Anthropic
"What 81,000 people want from AI" from Anthropic

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The Federal Reserve is meeting at the end of this month to figure out what to do with interest rates. They have a tough task ahead of them: weighing the job market, inflation, and a war in the Middle East that is "roiling supply chains in ways that are similar ... to what we saw emerging from the pandemic," said KPMG's Diane Swonk. Also on the show: Rising health insurance costs are dragging down wage growth.

Power utilities plan to spend $1.4 trillion over the next five years on capital projects. A lot of that boils down to grid maintenance and projects to support additional power generation. That’s a 21% increase over what utilities were planning to spend a year ago — and it could drive up household utility bills. Then, it’s been a little over three months since the capture of Venezuelan President Nicolás Maduro. How has Venezuela's oil industry changed since?