Elon Musk Says AI Will Take All Our Jobs; Expert Raises Concern on Pentagon Consulting Bloat | Business Matters Full Broadcast (May 24)

Elon Musk says artificial intelligence will take all our jobs. He also told the 2024 VivaTech conference in France that AI may bring universal high income as well as a lack of meaning to life. The U.S. Securities and Exchange Commission (SEC) on Thursday approved applications from Nasdaq, CBOE and NYSE to list exchange-traded funds (ETFs) tied to the price of ether, potentially paving the way for the products to begin trading later this year.The U.S. defense department is spending millions of dollars every year on consulting services from big firms like McKinsey, but one national security expert is raising concerns of unnecessary bloat, as well as conflict of interest, since the consulting firms also work with foreign companies including state owned companies.